Ugandan Citizen Sues Central Bank for Negligence
A citizen is suing the Bank of Uganda for failing to properly supervise the business of Crane Bank Limited. The Central Bank licensed Crane in 1995, only to shut its operations and sell it in 2016.
The former Crane Bank headquarters on Kampala Road.
InFocus
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The Development Finance Company of Uganda Bank has terminated the services of at least 250 out of 700 employees it inherited from Crane Bank as it completes the take-over of the ... Read more »
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The firm, once the largest in Uganda, reportedly started to show signs of disintegration at the end of 2013, when it was exposed to a huge amount of bad debt but the country's ... Read more »