Uganda’s central bank has taken over management of Crane Bank due to a financial crisis that has left the lender without adequate capital. PHOTO | MORGAN MBABAZI |
Uganda’s central bank has taken over management of Crane Bank due to a financial crisis that has left the lender without adequate capital.
The Bank of Uganda (BoU) governor Emmanuel Tumusiime Mutebile, at a Press briefing in Kampala on Thursday, said the bank will however remain open and operational.