Banks have done everything to deny Ugandans access to capital
Article says donors made the young NRM government over three decades back, to castrate the national banks, the central bank, Uganda Development Bank, Uganda Commercial Bank and Uganda Cooperative Bank. ILLUSTRATION | JOHN NYAGA
The death in Nairobi last month of Uganda’s central bank governor Emmanuel Tumusiime-Mutebile dominated the country’s news and commentary for a fortnight.
As the public mourning and eulogies flowed, an article by the current chancellor of Makerere University about banking in Africa and Uganda surfaced and circulated heavily on social media, casting doubt on the relevance of central and commercial banking in Uganda to Ugandans in regard to their accessing or controlling capital is concerned.
