UGANDA’S central bank on Thursday froze the operations of the Co-operative Bank Limited and placed it under statutory management after it ran into severe cash flow problems. The bank is insolvent to the tune of $2,1-million central bank governor Nyonyintono Kikonyogo said. The bank’s closure follows last month country’s collapse of the giant Greenland Bank which lost millions of dollars due to reckless lending. Last year, the government closed down the International Credit Bank and also temporarily shut down Trans-Africa Bank and Trust Bank, which also experienced cash flow problems.