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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

 

Senior officials at Uganda central bank face corruption probe

KAMPALA Uganda (Xinhua) -- Uganda’s Anti-Corruption Unit said on Friday it is investigating senior central bank officials over the institution’s procurement and supply chain activities.

Lt. Col. Edith Nakalema, who heads the State House Anti-Corruption Unit, said in a statement that the special investigation is carried out following an invitation by the governor of the bank, Emmanuel Tumusiime-Mutebile.

"The matter under investigation involves a recent procurement consignment.

"A number of senior bank personnel, Customs and Civil Aviation Authority personnel are being questioned," the statement said.

"Bank of Uganda operations remain intact and uninterrupted," the statement added.

Government spokesman Ofwono Opondo told local media that unauthorized cargo was loaded onto a plane chartered by the Bank of Uganda that was carrying banknotes into the country.

Some of the cargo belonged to the United Nations and local businessmen, Opondo said.
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EARLIER REPORT:

Uganda central bank urges caution in trading
in Kenyan currency amid new notes issuance

KAMPALA Uganda (Xinhua) -- Uganda’s central bank on Wednesday urged the public to exercise caution while transacting in Kenyan currency saying some of the old notes will cease being legal tender by October 1.

Bank of Uganda in a statement issued here said Kenya issued new banknotes which came effective on May 31.

"We advise the general public to take note of these changes and be vigilant in transacting in Kenyan currency," the statement said.

The bank said changing the Kenyan currency from old to new banknotes can only be done in Kenya.

This is the second statement the bank is issuing after the first one on Tuesday.

In the Tuesday statement, the bank said that the Central Bank of Kenya informed it that it issued the new notes to combat illicit flows and counterfeits into Kenya.

Uganda is one of Kenya’s major trading partners in the east African region.

             

 

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