Uganda: Kazibwe Sacked, Kiwanuka Appoints New Microfinance Board

16 January 2012

The Minister of Finance has appointed a new board to head the Micro Finance Support Center Limited for three years, replacing the suspended board even as investigations continue.

The new board chaired by the Ministry's Deputy Secretary to Treasury Keith Muhakanizi has ruffled feathers especially from the Micro Finance staff, with sources citing conflict of interest since almost all of the members are technical people from ministries which should otherwise be supervising the Micro finance support center rather than run it.

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