Proposed plan could have smaller banks put out of business

KAMPALA (CU)_In November 2010, the Bank of Uganda (BoU) issued a directive which required all commercial banks in the country to raise their minimum capital to Shs10 billion (US$2,830,164) by March 2011 and to Shs25 billion (US$7,075,410) by March 2013. Now the central bank has proposed to…