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The current Electoral Commission cannot deliver a free and credible election-FDC

Mr . Semujju Nganda

 

The main opposition party in Uganda, Forum for Democratic Change (FDC) has said that the current Electoral Commission cannot deliver a free and credible election as prescribed in the constitution.

According to party Spokesperson Ibrahim Semujju Nganda who doubles as Kira Municipality Member of Parliament, Electoral Commission headed by Justice Simon Byabakama has displayed signs of bias publicly in favor of Museveni who handpicked them.

“The processes leading to compilation and display of the voters’ register are contested and remain unresolved. The Electoral Commission stopped registering voters in December last year more than a year to the next general elections. And in their new register, they have omitted Ugandans who have kept registering with National Identification and Registration of Persons Authority (NIRA).” He said

Semujju said that there are citizens who registered with NIRA but are missing on the voters register yet the credibility of any election depends for a big part of the credibility of the register.

He said the laws relating to elections are not yet passed, yet the first batch of elections are  due in less than two months. In many parts of the country, election-related activities meant to be managed by Electoral Commission, biased as it, have been abandoned to Residential District Commissioners (RDC) and Internal Security Organization (ISO).

He urged EC to stop Museveni and security from interfering with the activities of his competitors, “Our mobilization as a party has and is being interfered with by police and UPDF. They are also disrupting activities of other political platforms such as People Power. The Electoral Commission has a duty to stop Police, UPDF and Museveni from disrupting election-related activities.” He added.

He said Youth, Women and people with disabilities leagues are also in the field identifying and selecting candidates for the forthcoming April national elections of interest groups.

 

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When will Africa standup to challenges?

Writer of the article David Matsanga.
I have penned this article for us to think about what can be done . Many countries in Africa have not prepared themselves on this subject . Away from politics there’s a matter of grave concern which require the attention of leaders worldwide, but more specifically African leaders.
Coronavirus is a pandemic that is proving to be the biggest threat to human race today. The effects of this pandemic is going to be felt worldwide.
Considering that China is a global manufacturing hub, hosting even top American and European top tech manufacturing companies, the ramifications of the virus will also lead to global economic meltdown.
Already some of the leading manufacturing companies are laying of workers in China, and outside China because those outside China cannot get parts or equipment they need from China to operate.
Airlines are laying off workers due to reduced globa travel. Tourism industry is not spared. In short, besides human carnage, Coronavirus will affect all world economies in one way or another.
China today is a country virtually closed down, isolated, traumatized and stigmatized. Despite being one of the world’s largest economies, the situation is dire and the virus is threatening to get out of control.
Majority of people cannot go to work, hundreds of millions are virtually under house arrest, quarantined in their homes, children are out of school learning through internet classes.
Top scientists and doctors are getting infected and dying while trying to find vaccine or cure for what President Jing Ping has referred to as demon. It’s no joke.
This horror is happening in a country which is building several hospitals…each ten times the size of Kenyatta in less than two weeks time. Now they are burning all old notes to reduce the spread.
My greatest fear is what would happen if this killer virus finds its way into Africa. Obviously, Africa cannot survive global isolation, domestic quarantine, neither does she have resources in terms of medical personnel, physical isolation facilities neither management drugs.
God forbid, the virus would convert African soil into a huge cemetery of un-dug graves. I’ve heard people say the virus was manufactured in the lab specifically to clear African population for Chinese settlement but then it went out of control. I hope this is not true.
For now African governments must declare a continental emergency nationally, regionally and at AU level. This means all resources must be expended in ensuring the virus does not get here. But in case it does, massive resources are deployed to prevent spread.
Drastic measures are necessary as soon as possible. Starting point is 100 per cent severence of air and sea communication with China and Far East countries.
Countries must ensure enough stocks of body suits and face masks as well as undertake training of emergency personnel. Isolation centres, even temporary ones should be constructed and identified.
Food-stocks and preparation of officers at both central and local governments needs to be trained on how to distribute supplies. Nothing should be left to chance.
Politics should be suspended, wars must be stopped. My fellow Africans, there should be no lip service. We must be united as we face this deadly common enemy.
We are facing the greatest threat to our survival…a war which cannot be fought by the conventional armies, a mutating demon with no known cure.
I weep for my beloved continent.
Dr.David Matsanga
18.02.2020
The writer is Political scientist & Conflict Resolution Expert ,an investigative Journalist and a Pan African based in London United Kingdom can be contacted via Twitter @Dr.David Matsanga
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Off-grid solar sector expands into $1.75 billion market serving 420 million users

solar panels

 

The off-grid solar sector has grown rapidly over the past decade and is now a $1.75 billion annual market serving 420 million users, with further growth predicted.

Despite its strong growth trajectory, the off-grid solar market trends report 2020 indicates that more investments are needed for the sector to continue playing a key role in achieving universal access to electricity by 2030.

Off-grid solar solutions have played a pivotal role in extending energy access to millions of people, especially in Sub-Saharan Africa and South Asia, which face some of the world’s biggest gaps in energy access rates. Policymakers, private investors and end users alike have embraced off-grid solar products as an affordable and sustainable solution for electricity access, as productive use appliances for irrigation, cooling and refrigeration have helped provide a source of income for households across the agricultural, industrial, commercial, and public sectors.

“The industry holds great promise, having reached 420 million users around the world over the past ten years and with the potential for continued growth. Still, even more financial investments will be essential to accelerate the deployment of off-grid solar solutions and reach many of the 840 million people around the world who lack access to electricity even today.” Reads in part of the report.

The 2020 edition of the Off-Grid Solar Market Trends Report is the sixth in a series of biennial reports that was launched in 2010, with the aim of measuring the pulse of the off- grid solar market. This latest edition includes the most comprehensive sales and impact data available, in-depth analysis on current market dynamics and an outlook on the future of the industry.

The report shows that, in a business-as-usual scenario, the off-grid solar sector will serve 388 million people with the most basic level of electricity access by 2030, but this growth will be insufficient to achieve universal access targets. To sustain the business-as-usual scenario over the next five years, the sector needs $1.7 billion – $2.2 billion in external investments from 2020 to 2024.

To achieve universal access, the off-grid solar sector would require between $6.6 billion – $11 billion in additional financing. Of this total need, $6.1 -$7.7 billion will need to come from investments into off-grid solar companies, and up to $3.4 billion represents public subsidies to bridge the affordability gap.

As the sector matures and productive use of off-grid solar solutions such as solar water pumps, cold storage and other products servicing public institutions become natural expansion areas, companies are increasingly focused on financial sustainability of the sector and the need to demonstrate profitability and increase transparency around operational efficiencies.

 

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Uganda- Rwanda relationship: Kagame to open Katuna Boarder within 15 days

Museveni and Kagame reach-out for each other at Katuna boarder.

 

The President Rwanda, Paul Kagame and his Ugandan counterpart, Yoweri Kaguta Museveni have reached conscious and agreed to open Katuna border within 15 days. It is eight days away from making a year since Rwanda closed its boarder.

last year, Rwanda closed it boarders for Ugandan goods and has since stopped its nationals from traveling to Uganda using the boarder but there are those that have been using flights. Since then there has been a number of arrests in both countries and shootings in the territory of Rwanda.

Last year, Kagame flew to Tanzania asking President Pombe Magufuli to  interven bying reaching out to Museveni for peace  talks but Magufuli refused forcing him to seek Angolan President Joao Lourenco  help and indeed, President Lourenco embarked on the campaign to restore the souring relationship between the two sister states.  Dubbed as the Quadripartite Summit, the first, second and third meeting convened in Angola’s capital, Luanda in July 2019, August 2019 and January 2020 respectively. The meetings were facilitated by Angola’s President Joao Lourenco, while DRC’s Felix Tshisekedi is an observer.

During summits, leaders have been accessing the progress made in previous meetings and setting up new targets for restoration of cross boarder relationship between the two countries.

According a statement delivered by Rwandan minister of external affairs, Manuel Gomingos Augusto,  the heads of state expressed their gratitude towards the progress made on the release of prisoners on both sides in regard to rule of law and elimination of tension factors.

So far Uganda has released 22 Rwandan prisoners who had been on trial in General court martial. Recently Rwanda said that two of the 13 released nationals had been wanted over treason charges. Rwanda as a country, has only released two Ugandans despite shooting scores of them on an attempt to cross to the Kagame’s side.

“The summit recommended that Uganda should in one month verify allegations of the republic of Rwanda about actions from its territory by forces hostile to government of Rwanda. F all proved, Uganda will take all measures to stop it and prevent it from happening,” he said adding that actions must be proved by Ad-hoc ministerial committee for implementation of memorandum of understanding of Luanda.

The two countries represented by Uganda’s minister for Foreign Affairs Sam Kutesa and Manuel Gomingos Augusto signed on behalf of Rwanda the  extraordinary treaty that constitutes legal framework to handle cases of justice.

 

 

 

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Why threaten Judicial officers with eviction from Court premises

Mr. Muwema

 

 

By Fred Muwema

 

The Uganda Judicial Officers Association (UJOA) has three months to vacate its offices at Buganda Road Court and the Supreme Court or face eviction. This is the directive issued ironically by the Secretary to the Judiciary Mr. Pius Bigirimana according to a story published by the Monitor Newspaper of 20th February, 2020 at page 3 under the title “Judicial Association told to vacate office”.

In the story, it is reported that the reason for the impending eviction is that UJOA is not an entity of the judiciary and that their use of the Court premises contravenes treasury accounting instructions. It is not clear whether UJOA has always been or it has just become a non entity of the judiciary. It is also not clear whether the so called treasury accounting instructions have just recently been put in place or they pre-exist the directive. What is clear though is that this directive is very intentional and intense. This then begs the question, is the directive right and lawful? I will argue here that it is not right and lawful.

Consistent with its lack of clarity, the directive does not explain what an entity of the judiciary means nor does it explain whether there are different entities of the judiciary which are entitled or not entitled to use the Court premises. If this explanation had been given, it would have been easy to find the legal grounding behind the directive. However, since no explanation was given, its legal grounding (if any) will be subject to a lot of speculation. The purpose of this opinion is to contribute to the erasure of any speculation about the legal propriety of this directive because it has none.

For starters, it is important for us to define what an entity is. The Oxford Advanced Learners Dictionary defines an entity to mean a thing with distinct and independent existence. From the above definition, I would like to understand the judiciary to be one entity of distinct and independent existence. It is comprised of the Justices of the Superior Courts, Judges of the High Court, Registrars and Magistrates. This is the view which informs the provisions of chapter 8 of the Constitution which establishes the institution of the judiciary. All the different structures and offices of the judiciary are part and parcel of the same entity called the judiciary. According to the Constitution once any officer is part of the judiciary, he or she remains part of the judiciary unless removed in accordance with the law.

You therefore cannot talk about the judiciary without the constituent judicial officers who man it individually and collectively. So when judicial officers congregate under UJOA, their umbrella professional body which advocates for their welfare, they don’t become another entity with distinct and independent existence from that of the judiciary. They still remain a constituent part of the judiciary. To put it in another way, UJOA is the judiciary and the judiciary is UJOA.

Consequently, UJOA cannot be evicted from the Court premises at Buganda Road Court and the Supreme Court because they are in lawful occupation and use of the Court premises. With respect, the Secretary of the judiciary acted under a misdirection to ask UJOA to vacate the Court premises since by law, its members are required to occupy and work at the very premises. Their right to form or join professional associations which is guaranteed under Article 29 of the Constitution is enjoyed contemporaneously with their right to work at the Court premises. Therefore UJOA is an expression of these fused constitutional rights which can best be enjoyed at the work place of its membership.

Indeed in the public service like the Uganda Police, Parliament, Mulago Hospital etc, similar associations are not prohibited from operating within the precincts of the institution itself. In this case, what is not prohibited is permitted. This is re-enforced by the provisions of Order 7 of the Uganda Public Service Standing Orders, which mandates the Government to recognize such associations as an engagement platform with the concerned public officers. Therefore by attempting to throw UJOA out of its work premises, the Secretary to the judiciary is trying not to recognize the Association. This is contrary to established public policy.

Lastly, the directive alleged that UJOA’s presence at the Court premises would contravene treasury accounting instructions. I want to believe that this was a reference to the need for the judiciary to uphold the principles of public sector accountability to avoid misuse and abuse of judiciary assets. I also want to believe that this was a veiled suggestion that perhaps by sitting at the Court premises, UJOA was misusing or abusing public property.

Again my understanding here is that any talk of accountability for judiciary assets must be premised on the legal and organizational structure of the institution which is required to account. As I have already explained above, UJOA is the foundation of the legal and organizational structure of the judiciary and so it is not only required but expected to use the judiciary premises and other assets. I don’t see how UJOA through its members, can be guilty of misusing or abusing public property which is entrusted to it for discharge of its public duties. On the contrary, I would find that it is an act of public misfeasance for any public officer to prevent another public officer from doing their public duty individually or in association with others. I think this is what the Secretary to the judiciary was trying to do with his eviction notice. It is time for the judiciary to put its act together and address the more pressing issues which affect delivery of justice to the public. The public is not interested in such fractional fights which only serve to undermine its performance.

Fred Muwema
Managing Partner
Muwema & Co. Advocates
21st February, 2020

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Mutebile, Kasekende on the spot as Shs2 trillion losses hit BoU

On the spot: Former Deputy Governor Dr. Louis Kasekende.

 

Bank of Uganda Governor Emmanuel Tumusiime Mutebile and his outgoing Deputy Louis Kasekende are under fire after it was revealed that the central bank has posted mind-boggling losses amounting to over Shs2 trillion over the past five years.

To cover up the losses, investigations by Eagle Online discovered that the outgoing Deputy Governor Kasekende took a decision of closing some central banks and using the money recouped from the closed banks’ assets  to offset the loans.

Our investigations also reveal that Deputy Governor Louis Kasekende largely contributed to the debt crisis at the central bank when he unilaterally took a decision to invest billions of dollars in Uganda’s reserves in Europe, a move that badly backfired as the interest rates there were negative.

This particular controversial move by the embattled outgoing Deputy Governor Kasekende was confirmed by Bank of Uganda(BoU)’s Executive Director for Research Adam Mugume, who told Parliament’s Finance Committee last month that the central bank had indeed invested in reserves in Europe, a decision that was not well-thought, ultimately inflicting further losses on the central bank.

To offset the losses, Mugume suggested to MPs that the central bank should be re-capitalised with a Shs 250billion kitty to help it remain afloat as it risked going burst under the weight of debts, a worst case scenario that would plunge the economy into disarray.

However, with unanswered questions over how BoU used the She200 billion that was advanced to it for re-capitalization in the FY2018/19 ,Mugume faced a tough time convincing MPs who demanded to know the role that Kasekende, as BoU Deputy Governor, played in investing tax payers money in risky markets in Uganda.

Furtrermore,a broad inquiry into Bank of Uganda’s closure of seven commercial by Parliament’s Committee on Commisisons,Statutory Authorities and State Enterprises(COSASE) found that the closure of the banks was irregular, noting that procedures were not followed by the top technocrats at the bank.

Investigations by this website have also discovered that in 2017, BoU’s losses took a turn for the worse as the central bank hired dubious law firms at astronomical amounts of money to help defend the illegal 2016 closure of Crane Bank.

Mr Sudhir Ruparelia, a City businessman and a major shareholder in the closed Crane Bank, had sued the Central Bank over his bank’s closure and has since won key legal battles despite the central bank spending billions of shillings to pay syndicated law firms.

The Cosase report also noted that billions of shillings were paid by the central bank to private lawyers as legal fees, even as BoU maintains a fully-fledged legal department, raising questions over the possibility of collusion between Deputy Governor Kasekende and the dubious city law firms.

The losses that have hit the central bank are one of the reasons that the World Bank has demanded that stringent measures be implemented under a unit called the Bank Resolution Unit to ensure that no loopholes are exploited by unscrupulous officials in future.

State Minister for Finance(Planning) David Bahati told MPs  this week that the central bank last made a profit in 2007,noting that the bank has been reeling from losses over the course of the past 13 years.

 

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Sudhir gives Shs10mtowards  enthronement of new Archbishop

 

City tycoon, Sudhir Ruparelia has contributed Shs10 million toward the enthronement of the new Archbishop.

Sudhir handed over the cheque to government Chief Whip, Ruth Nankabirwa at Crane Chambers this afternoon. Ms Nankabirwa is the chairperson of the enthronement committee that is charged with overseeing the installation of the new Archbishop and handover from Archbishop Ntagali.

Bishop Samuel Stephens Kazimba Mugalu will be installed on March 1.

The Rt. Rev Bishop, Samuel Stephens Kazimba Mugalu, was elected the Archbishop of the Church of Uganda succeeding Rt.Rev. Archbishop Stanley Ntagali who retires in March 2020.

Kaziimba was born to Mr. Besweri Kaddu and Ms. Jessica Nanyonjo on August, 15 1962 at Gulama-Najja Kyaggwe and the first son of Jessica and Besweri.

Stephen grew up with his mother at Katwe who took the responsibility of his primary education in Gakuwebwa Munno Nursery and Lusaka Primary School. Life was a real challenge that he almost failed to get fees for his primary.

Leadership

Kazimba was trained as a Lay-Leader at Baskerville Theological College Ngogwe in 1985 and posted to Lugazi St. Peter’s Church.

1988 – 1990 trained at Uganda Martyrs’ Seminary (Provincial Certificate), and ordained in December 1990 by Bishop Livingstone Mpalanyi Nkoyoyo. He served as Assistant Vicar at Nakibizzi Parish in 1990 – 1994.

In 1994 – 1996, he completed his Diploma in Theology at Bishop Tucker College, and posted to Katente Parish as Parish Priest (1997 – 2000).

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Winner 2019 Rising Woman: I want to be the biggest beekeeping value chain addition in Africa

Sandra Ajang

The winner of 2019 ‘Rising Woman’ Season II, Sandra Ejang has revealed that she wants to be the leading beekeeping value chain addition in Africa. She who ventures in bee keeping harvest over 300 kilograms  of honey every year.

Currently, beekeeping gaining prominence and continues to be among the top trending agribusinesses that are becoming more profitable. While Honey is obviously the main source of beekeepers’ income, there is a lot more revenue to be earned from beekeeping.

Sandra Ajang Dfcu Bank’s ‘Rising Woman’ Season II winner shares her passion for the beekeeping business. Annually, she harvests 300kgs of honey a year from her farm and sells 2-5 tonnes of honey locally.

Who is Sandra Ejang?

I am a mother of four, a co-founder of Western Silk which is a family business I started with my husband who was my boyfriend back then. We practice beekeeping and honey processing among other things. Currently, we are producing everything that has honey as an ingredient under the brand name ‘Asali wa Moyo’ which directly translates to ‘Honey for the heart or sweet heart’. This was my husband’s genius idea. We make honey with spices, peanut butter and we are soon introducing a baby’s cosmetic line that will include; soap, lotion and also normal bathing soap for adults all made with honey.

How did this idea come up?

It’s been quite a journey, about six years of beekeeping. The first years were about trying to get it right. We started by buying very fancy hives, because the person who marketed them did a very good job. My husband and I were very convinced, so we got 10 hives and some other equipment which cost us about Shs10 million. By then Shs10 million was a lot of money. They told us we would recover our initial investment within one year.

One year later, we didn’t have any honey in the hives, all we had were insects. My husband suggested we count our losses but I wasn’t ready to give up yet. I told myself, beekeeping can’t be this hard. I started looking up things on the internet and applying whatever I could learn, reached out to some of the companies that do beekeeping and training.

I sought out one of my friends who offered to share his experience. I spent a whole day at the training, and whatever little knowledge I picked took back to my farm. A year later, we harvested some honey. The people that had sold the hives to us, told us they would buy the honey back as a way to give people ready market for the produce.

We went to them and told them we had about 100 litres of honey, they had initially told us they would buy a litre at Shs12,000 but back tracked offering us  Shs10,000 per litre. It didn’t make sense for me to put in all the hard work and sell my honey at a wholesale price of Shs10,000. I kept it in the house. I didn’t know what to do with it because I was new in the business.

The honey crystalized, and was rejected when I tried to sell it (note: I didn’t know that honey crystalizes). If you put it under the sun, it would liquefy but when you put it back inside, it would crystalize. I looked up crystallization and I learnt that apparently good honey is actually supposed to crystalize, if it doesn’t then it’s not good. Depending on the nectar source, it is supposed to crystalize. So I found myself stuck with about 90 litres of honey in my house. The money was tied in there, I didn’t have the packaging, no brand name and no way forward.

How did you get your business out of that hurdle?

My husband and I discussed our options. First this was to come up with a brand name – so Asali wa Moyo was birthed. We tried several logos but it didn’t work. The first labels were so bad that the ink would get smudged and look so terrible, the jars that we got leaked, it was a proper disaster. We managed to only sell about 30kgs out of the 90kgs. It was then that an opportunity came along and I was selected to participate in the Mandela Washington Fellowship. While there, I picked up best practices and applied them when I came back home.

When I was starting out, it was purely for me to make money but after we started, I became more involved in the community upcountry. I realized there was a need for them to earn an extra income because most people upcountry depend on agriculture. I saw this as an opportunity, if I was going to involve myself in packaging honey, then I would need people to be my out-growers. So I started talking to them, of course, they didn’t have money to buy the hives, so I came up with a plan to give them some sort of microfinance loans. Usually, when you go in the village, people think you have money especially when you are taking a project to them. They think you are funded by an NGO, so you have to give them free money.

Some people in the villages had hives that they had converted to storage. That is because most NGOs take projects to rural areas and don’t follow up. Whatever little money I would make out of selling honey, I would buy hives and take to them. Now the deal is, I gave them hvies in exchange for 30 per cent of the harvest (for the hives) and I give them cash for the 70 per cent to encourage them to keep farming.

How many out-growers are you working with?

To date, I work with a network of over 500 out-growers across Uganda. I have some farmers in Gulu, Kamuli, Kitgum, Lamor and majority in Kigumba where the production happens. We are trying to expand to Karamoja, but they have a network issue. We used to work with them previously but they disappeared off the grid so we have to look for them physically.

What inspired you to go into Honey farming and processing? I assume you had no prior experience in beekeeping?

Orphaned at an early age, I grew up with my grandparents.  My first experience with honey was eating it from the comb. My grandmother was a farmer who mostly grew cash crops, like sunflower, millet, sorghum and also had hives. The honey produced then was only for home consumption. So every now and then, she would come with honey very different from what we get in the supermarket. So when I started beekeeping again, it just refreshed my memory.

You could have done so many other things with your Telecommunication Engineering degree, why did you choose entrepreneurship?

I did work with security firms as a technical person before venturing into entrepreneurship. I started working from the time I joined the university. After several years, I needed a new challenge, I was also tired of being employed. Sitting in office from 8am -5pm, you have no control of your day, you have to give excuses to leave office, lie sometimes since you can’t tell them you have personal things to attend to. I needed more freedom to do the things that I love. I still maintain an extra job on the side, we need all the money we can get.

How do you balance family and work? Don’t you get overwhelmed sometimes?

It’s extremely overwhelming, but I guess I am one of those parents that have ninjaed the kids, they don’t even cry for me when I leave home. They know mummy has to go and look for money. My husband is extremely helpful and understanding. He is very much supportive. Whatever I need to do, he can even take a day off to stay with the kids if need be.

How do you handle the pressure and the challenges that come with this kind of work?

My husband is my biggest cheerleader, if women are going to make it, they need spousal support. My husband helps whenever the need arises. One of the biggest challenges in beekeeping is that it’s a man dominated trade. People keep asking me why I am involved in beekeeping. I tell them you can be & do anything you choose to. The other challenge is with standards, Uganda Registration Services Bureau (URSB) doesn’t have set standards for the kind of products we sell. URSB has to develop standards otherwise lack of standards limits where I am supposed to take my products.

Tell me about your Rising Woman experience.

When they advertised, I was about 7 months pregnant. Usually, I am very active during pregnancy until my last day. This time around, I decided to relax and take it slow. But you know if you are not used to taking things slow, you get bored. So I started applying for whatever opportunity I came across. I was mostly really looking for an opportunity to learn something new.

I met last year’s winner Linnet Akol at the Runlabs event who encouraged me to apply for this competition. I wasn’t confident because I am terrible at proposal writing. So I decided to give it a go, I applied, at first I didn’t think I would get in because my proposal was not good enough. I think I was among the last people to apply.

 In early November, they asked me to come to Dfcu at 3 pm for the interviews. I had an 11 days old baby, I contemplated on whether to go or not. I called my husband and told him about the opportunity. He asked me to get someone to drop me at Dfcu and later he would organize pick up.

I also went with some of my products, a little bit of everything. I showed them and they were very impressed. After the presentation, I went back home.

To be honest, I didn’t think I would win. I came across women who really knew their businesses so well. The day I was recognized as the winner, I was very excited. I was with my 10-year old daughter for moral support. My husband wasn’t around.

Nairobi Trip experience

I admire Kenyans, I like how they are very fast in everything they do. They make you feel like you are not doing enough. I was excited about seeing other women in business and how they collaborate. I learnt so much and wrote down so much. I am slowly unpacking my ideas and resetting my goals.

Advice to women

For those that are not yet married, make sure you get someone who is supportive of your dreams. Later when you become a parent, the money will never be enough, you will need to get a side hustle to supplement your income.

Entrepreneurship is not rocket science. Start small and grow.

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Umeme in spotlight over Shs100b payment

UMEME CEO Selestino Babungi.

Legislators on the Committee of Commissions, Statutory Authorities and State Enterprises(Cosase) have tasked officials of Umeme Uganda Limited, over circumstances under which the power distributor received Shs100 billion from the Ministry of Finance.

In a meeting between the committee and electricity power entities, Jinja Municipality East MP, Paul Mwiru raised a red flag over an audit query where Umeme is said to have withdrawn the whole amount from the Umeme Escrow account yet it was eligible to withdraw only Shs65 billion that was owed to them.

An Escrow account is an account on which the government makes deposits for bills.  Umeme is only supposed to withdraw from that account if the government is in arrears of 60 day after giving the Uganda Electricity Distribution Company limited (UEDCL) a 14-day notice.

According to the report, Umeme withdrew the whole Shs100 billion yet the government only owed it Shs65 billion in arrears of 60 days.

“You helped yourself to money that was over and above what you were actually owed by the government without any explanation. You have thrown UEDCL into a position where it is struggling to recover the money,” added Mwiru.

Umeme Managing Director, Selestino Babungi stated that the government was heavily indebted and that the payment was made by Ministry of Finance directly to Umeme.

“Umeme would never pay itself in excess of money not owed to it,” said Babungi adding that, “the Ministry made the payment and through the accounts of the other government agencies that had bills to be cleared”.

He added that the money was never paid through an escrow account.

The UEDCL Managing Director, Paul Mwesigwa confirmed that the money had not been paid through an escrow account but directly.

However, he argued that the government only owed Umeme Shs65 billion in arrears.

The MPs called for a verification of the report of the Auditor General on the issue and all respective entities involved would be summoned at a later date to handle the issue.

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Standard Chartered commits $75bn towards sustainable Dev’t goals

Standard Chartered Bank

Standard Chartered has announced new business targets for supporting its clients as they transition to a low carbon economy as part of its Sustainability Aspirations.

The Bank intends to reduce its emissions across its global properties by 2030. With an office footprint spanning 60 countries, including many large emerging markets, the Bank will achieve net zero emissions by only sourcing energy from renewable sources and continuing to pursue energy efficiency measures across its 12 million square feet of property.

Tracey McDermott, Group Head, Corporate Affairs, Brand and Marketing, commented: “Over the past 18 months, we have made a series of commitments which are all geared towards supporting the Paris Agreement on climate change and the transition to a cleaner, greener, fairer economy. We know that the investment required cannot be provided by governments and NGOs alone, so it is critical that investors embrace the Sustainable Development Goals at pace and scale.

“Our unique footprint means we are well placed to help get finance to where it matters most. That is why, as well as ceasing support for clients who generate more than 10% of earnings from thermal coal by 2030, we also have a renewed target for financing and facilitating USD35 billion of clean technology and renewables, and USD40 billion of sustainable infrastructure.”

Sunil Kaushal, Regional CEO for Standard Chartered, Africa and the Middle East, said: “It is estimated that emerging markets need an annual Shs2.5 trillion investment to meet the SDG targets by 2030. A bulk of this investment will need to be focused on Africa and the Middle East, which is home to some of the key sustainable development opportunities.

The financing gap in Arab countries has been estimated to be over $100 billion annually, whilst in Africa this figure stands between $500 billion and $1.2 trillion. For the goals to be met by 2030, investors and banks need to coordinate and connect capital to promote sustainable development.”

“With our unique footprint into emerging and developing markets, we can use our banking knowledge, people, and products to catalyse capital to where it matters most for SDG financing.  The Africa and Middle East region is home to some of the world’s fastest-growing economies, though we also face some of the world’s most pressing environmental and social issues. Our ability to solve for the issues here will have tremendous impact on our 2030 ambition to meet global SDGs.”

Standard Chartered has a broad range of sustainable finance product offerings that can be deployed to help clients pivot their business towards a more sustainable model. In October 2018, it created the Sustainable Finance team and has since launched sustainable deposit products in London, Singapore, Hong Kong and New York; plus, a EUR500 million Sustainability Bond, the proceeds of which will be used to provide finance in areas aligned with the Sustainable Development Goals including clean energy projects, smaller business lending and microfinance loans.

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