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Friday, March 25, 2011

BoU takes over Tropical Bank

As central bank deputy governor Louis Kasekkende yesterday announced to government takeover of Tropical Bank, Energy Minister Hillary Onek broke the news that Libya could lose a multi-million dollar deal to build the planned oil pipeline from Eldoret to Kampala.

“We have relieved of duty the Libyan Investment bank-appointed general manager and other senior staff, and now Prince Kassim Nakibinge becomes the bank’s general manager as we appoint a new board,” Kasekkende announced.
At

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