After making a joint deal with a Kampala Businessman Sebalamu to build ‘Freedom city’ shopping mall in Namasuba PWD zone, the Kabaka now wants to start up a bank on his new arcade in Katwe.

The Kabaka’s arcade is called Muganzirwaza. A source in Mengo, a seat of theBugandaKingdomtold us that the Kabaka will use some of the rooms of Muganzirwaza to house Buganda bank.

 We hear that preparations for Buganda to start own bank are in high gear and that the Katikkiro of Buganda, JB Walusimbi is in charge of making all the arrangements for the Bank to start. We shall give you more details as the all process matures.

By Moureen Nakyanzi

The post Kabaka of Buganda Ronald Muwenda Mutebi II to open Buganda bank first appeared on Uganda Multimedia News & Information.

The governor bank ofUganda, Tumusiime Mutebile has informed the members of the public that all regulated financial institutions which include commercial banks, credit institutions and microfinance deposit taking institutions inUgandaare safe and strong and have the backing of the central bank ofUganda.

Speaking to journalists at the Bank of Uganda headquarters inKampalatoday, Tumusiime said that if any person wishes to either deposit or withdraw their money, they will be served as usual.

He says that in case the client’s branch is located in some shopping arcade that is closed one will be served by any other branch of the bank in question.

Tumutebile reminded bank customers that banks play a very important role of keeping money safe. Therefore Tumutebile asked bank customers to disregard any advice to customers to withdraw money and keep it at home.

Ultimate Media

The post Bank of Uganda announces open banks first appeared on Uganda Multimedia News & Information.