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IMF report says Museveni should reform BoU as Kasekende must not return

By
Our Reporter
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On the spot: Former Deputy Governor Dr. Louis Kasekende.

 

International Monetary Fund has reportedly authored a report on the current situation at Bank of Uganda and called on the country’s leadership to carry on immediate reforms at the central bank.

According to sources within BoU, the report further says none of the current top managers including former Deputy Governor, Louis Kasekende who is busy scheming on how to be brought back as governor should be considered for redeployment at BoU.

“It is true, there is a report and apart from a copy that was given to the president, the governor has a copy and yet to make it official at the board level. However, those close to the governor say it recommends for a complete overhaul of the current establishment including the governor himself”.

The report says BoU Governor Mutebile should be retired in public interest as he can’t steer the bank anymore.

The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership.

The IMF’s primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

BoU lately has had challenges over its governance and management systems after it emerged that the bank has no developed template it bases on to supervise commercial banks.

The IMF report which was released late last year is the latest international report asking the Ugandan leadership to revamp BoU of the current leadership.

 

Parliament last year recommended that contracts of the governor Emmanuel Tumusiime Mutebile and his deputy, Dr Louis Kasekende should not be renewed, the report of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has recommended.

The report, which was tabled in Parliament last year by Abdu Katuntu, the then chair, accused the top management of the central bank of mismanaging the sale of seven commercial banks, including that of Crane Bank.

Other officials that COSASE wanted to be held culpable are Benedict Ssekabira, the director of Financial Markets Development Coordination (FMDC), Justine Bagyenda, the former executive director for Commercial Banks supervision; and Margaret Kasule, the legal counsel.

The report, signed by 27 of the 35 MPs on the committee, noted that the Bank of Uganda board needs to be strengthened in the way it plays its supervisory role.

“The board did not adequately supervise management in the process of liquidating the financial institutions,” reads part of the report, adding:

“Good corporate governance principles would require that the position of chairperson and vice chairperson of the board is separated from the position of Chief Executive (Governor) and his Deputy.”

“It is therefore the recommendation of this committee that article 161 (4) (of the Constitution) be reviewed to separate the offices of the leadership of the board and top management of BoU,” noted the report.

The committee report was later debated and adopted by the committee of the whole house which further wrote to the appointing authority noting him about the legislature’s stand on the matter.

 

 

 

 

 

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Kenya’s Daniel Arap Moi is dead

By
Agencies
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Daniel Arap Moi

 

The former teacher who became Kenya’s longest-serving President and transformed the country’s political landscape with his iron-fist rule for more than two decades died at the Nairobi Hospital in the early hours of February 4, 2020.

He was 95.

Making the announcement in a presidential proclamation, President Uhuru Kenyatta said the former head of State passed on in the presence of his family.

“It is with profound sadness and sorrow that I announce the passing of a Great African Statesman, H.E. Daniel Toroitich arap Moi, the Second President of the Republic of Kenya. His Excellency the Former President passed on at the Nairobi Hospital on the early morning of this 4th February, 2020; in the presence of his family,” Mr Kenyatta said in a statement.

But his admirers describe Moi as an African statesman – the man who kept the Kenyan nation together amidst the turmoil experienced in the neighbouring Uganda, Somalia, Sudan and Ethiopia – a feat he positively used to dismiss his ardent Western critics who were pushing him to open the political space.

Although the former president has been ailing for some time, little was known about his poor health which was kept within the family. Occasionally, when admitted to hospital, his press team would say he had been taken for “routine check-ups”.

Moi ruled Kenya for 24 years between 1978 and 2002 and was always portrayed as vibrant and healthy. If he had any ailments, during that period, it was concealed from the public.

Unlike his predecessor, Jomo Kenyatta, whose struggle with a heart problem and gout was public knowledge, Moi and his handlers had a desire to keep his physical condition secret at the time of his presidency.

WORKAHOLIC

Moi was a workaholic – at least before he retired – and kept fit for his age. He never used a walking stick in public – opting to keep off from the glare. Even when he experienced troubled eyesight, later on, it was the font size to his speech which was increased rather than Moi wear reading glasses in public. It is only once, during his presidency, that Moi publicly acknowledged he had been unwell after he returned from an eye surgery in Israel and after prodding by the opposition.

 

 
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Retired Bishops commend Archbishop Ntagali for establishing of pension scheme for clergy as they bid him farewell 

By
Geoffery Serugo
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The Retired Bishops of Church of Uganda and their wives held a thanksgiving service for Archbishop Stanley Ntagali and Mama Beatrice Ntagali and used the same occasion to bid him farewell.

Speaking during the Service at Uganda Martyrs Museum Namugongo, Rt Rev Dr Dunstan Bukenya, the Secretary of the Archbishop’s Advisory Committee and Representative of Retired Bishops in the House of Bishops) commended the Archbishop for standing by retired Bishops and recommending the establishment of the Archbishop’s Advisory Committee for Retired Bishops.

According to Bishop Bukenya, this Committee was established to provide Pastoral care for the Retired Bishops and provide input of Faith and Order to the House of Bishops through their representatives.

He noted that the Committee is chaired by Rt Rev Zebedde Masereka with Rt Rev Onono Omweng, Rt Rev Eria Paul Luzinda Kizito, Rt Rev Charles Odurkami as members and him as the Secretary.

He applauded the Archbishop and Mama Beatrice Ntagali for their contribution towards the growth of Church of Uganda.

“Your Grace, retired Bishops would like to thank you for the inauguration of the Archbishop Janani Luwum Church House, the Inauguration of the Vision 2016-2025 Strategic Master Plan for Church Growth, three years focusing on the care for the children, the Inauguration of Evangelical Fellowship in the Anglican Church of Uganda Chapter (EFAC-U) to which I am the Contact Person and your Pastoral Touch and love for Retired Bishops and their Wives.” Bishop Bukenya noted.

The Retired Bishops of Church of Uganda and their wives on Saturday held a thanksgiving service for Archbishop Stanley Ntagali and Mama Beatrice Ntagali and used the same occasion to bid him farewell.

Speaking during the service at Uganda Martyrs Museum Namugongo, Rt Rev Dr Dunstan Bukenya, the Secretary of the Archbishop’s Advisory Committee & Representative of Retired Bishops in the House of Bishops) commended the Archbishop for standing by retired Bishops and recommending the establishment of the Archbishop’s Advisory Committee for Retired Bishops.

According to Bishop Bukenya, this committee was established to provide pastoral care for the retired Bishops and provide input of Faith and Order to the House of Bishops through their representatives.

He noted that the Committee is Chaired by Rt Rev Zebedde Masereka with Rt Rev Onono Omweng, Rt Rev Eria Paul Luzinda Kizito, Rt Rev Charles Odurkami as members and him as the Secretary.

He applauded the Archbishop and Mama Beatrice Ntagali for their contribution towards the growth of Church of Uganda.

“Your Grace, retired Bishops would like to thank you for the inauguration of the Archbishop Janani Luwum Church House, the Inauguration of the Vision 2016-2025 Strategic Master Plan for Church Growth, three years focusing on the care for the children, the Inauguration of Evangelical Fellowship in the Anglican Church of Uganda Chapter (EFAC-U) to which I am the Contact Person and your Pastoral Touch and love for Retired Bishops and their Wives.” Bishop Bukenya noted.

He recommended that a pension scheme for bishops and clergy be established at every Diocese, a pension department equally be established by policy have retired Bishops and clergy active in Mission of the Church and establishment of projects that meet the needs of clergy and other Church workers.

According to the records presented by Bishop Bukenya, Church of Uganda currently has 50 Retired Bishops, 24 Widows of the Bishops who passed on and with 52 Bishops (including Archbishops) who passed on since the time of the Rt Rev. James Hannington the Second Bishop of Eastern Equatorial Africa including Uganda.

Bishop Emeritus Jackson Matovu, the Chairman of the Namugongo Martyrs Museum Development Committee who led the service hailed Archbishop Ntagali for supporting the development of the Museum and narrated the achievements and future projects at the Museum.

“As you may remember Your Grace, it was you and a few blessed ones, including His Grace Cyprian Kizito Lwanga and the Late Archbishop Dr. Livingston Mpalanyi Nkoyoyo together with the Bishop of Namirembe Rt. Rev. Wilberforce Kityo Luwalira, Who did the ground breaking of this site in 2014.” Bishop Emeritus Jackson Matovu noted.

The Museum Development Committee joined the Retired Bishops to give thanks to the Lord for the Ministry of The Most Rev Stanley Ntagali as the 8th Archbishop of Church of Uganda.

Bishop Matovu noted that plans are underway to embrace the most critical requirements such as building a theatre including the Community Church, The Museum Tower, Hotel, Children’s Park and Leisure Park with in their five years Strategic Plan.

In his response, Archbishop Ntagali thanked retired Bishops for offering him guidance and being good team members.

“When I was Enthroned as the 8th Archbishop of Church of Uganda, I called upon you to join me to build a team and you became wonderful team mates. I am very grateful to God that I was your team leader.” Archbishop Ntagali said.

He noted that he will be retiring from full time office work which he has done for over the last 43 years but won’t stop preaching the gospel.

“I am retiring a very happy man. Mama Beatrice and I are going to have enough time with our grand children. We have been going home as visitors. I am retiring from full time office work but not from preaching the Gospel. I will stop preaching the gospel when God calls me home.” He noted amid cheers from the retired Bishops.

“I want to remain a humble servant of God, continue living an exemplary life for me to finish my race successfully to enable me get the crown of life that the Lord promised me.” Archbishop Ntagali added.

He advised the retired Bishops and other congregants not to always worry about the challenges on life but rather give them up to the lord.

“In my ministry, I have faced several challenges but every challenge that comes to me, I offer it to the lord and he turns it into an opportunity. I don’t revenge. I normally choose to forgive and pray for my enemies that the lord may show them the light of salvation.” He said.

He thanked Namugongo Museum Development Committee for the great work they have done to turn the Site into a befitting State of Art Museum.

“I was honoured to host His Holiness Pope Francis in this Museum when he visited Uganda. This was a blessing to us. Many other people that have visited this Museum always express utmost gratitude for the great work done here. We return the glory and honour to God.” He added.

The retired Bishops welcomed Archbishop Stanley Ntagali and Mama Beatrice Ntagali to the fellowship of “Retired Generals of Church of Uganda.”

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Why Dipu Ruparelia was elected FMU president

By
Our Reporter
-
Dipu Ruparelia

 

 

The Federation of Motorsport Associations of Uganda (FMU) has voted former driver, Dipu Ruparelia, as their federation president in the general elections held at Kati-Kati Restaurant in Lugogo.

Dipu contested for this position with three others including former President Dusman Okee, Godfrey Nsamba and Jack Wavamuno. Dipu polled 36 votes, Wavamuno 25, Okee 14 and Nsamba 11.

Mr. Ruparelia is a calm and down to earth fellow who FMU needed at the moment given that the association had run out of senior and connected people like Charlie Muhangi,  Chipper Adams, Karim Hirji and Riyaz Kurji. The association has also been struggling with lack of funding as there were more sponsors. However, with the entry of city tycoon Rajiv Ruparelia into the game, it rejuvenated the spirits of the association hence the return of Dipu Ruparelia.

Remarking after elections, the former rally driver said “We need to woo back sponsors, establish accountability and put our clubs in order. You could see from this last elections that clubs have not been monitored properly. I am going to task my team that if we are going to clean up the sport there would be no fears and favours.”

“The change was needed, my team and I are going to strive very hard first and foremost to involve all stakeholders and ask for their opinions and views and find the way forward.” He said after beating Okee who was accused for hijacking the FMU secretariat and other influential departments and running the federation as a personal entity.

Okee was also accused of killing all the structures and virtually become the federation’s finance, audit and spokesman in the three years. In the process of his leadership, Okee clashed with his executives including Jeff Kabagambe (vice technical), Joseph Mwangala (secretary general), Herbert Rutagerwa (finance) and Haj Hamid Ggombe (vice administration).

In other positions, Shemmy Senkatuka was elected Vice President beating Ken Kitariko and Kees Kagolo. Jeff Kabagamba was re-elected the deputy Vice President Motorsport edging Leon Ssenyange.

Leila Mayanja will be the only female in the Management Committee after beating Reynolds Kibira to the General Secretary post.

Ernest Zziwa was re-elected the Assistant General Secretary, Kisitu Mayanja will be the next deputy vice president motorcycling after edging George Semakula and Joseph Mwangala.

The post for Vice President Vintage was left open after the candidate as Hussein Kato failed to meet requirements.

 

 

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A long walk for Rev. James Bukomeko

By
Geoffery Serugo
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Bishop Bukomeko

Reverend James Bukomeko was yesterday consecrated and enthroned as the 5th Bishop of Mityana Diocese.

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

The consecration service was led The Most Rev Stanley Ntagali the Archbishop of Church of Uganda who lauded President Yoweri Museveni for supporting Church of Uganda in many ways and supporting Bishop Bukomeko’s ministry with a vehicle.

President YMuseveni was represented by the Prime Minister Dr. John Livingstone Ruhakana Rugunda, who vowed to continue supporting the church in a bid to fulfill its mandate.

Bagaga Kwagalana Group donated a vehicle to the Archbishop-Elect Rt Rev Dr Stephen Kazimba to enable him run his duties as the 9th Archbishop of Church of Uganda.

Buganda Kingdom’s Katikiro Owek. Peter Mayiga, Archbishop Dr Cyprian Kizito Lwanga, and Bishop Anthony Zziwa the Chairman of Uganda Episcopal Conference attended in the function alongside several other dignitaries from central government and Buganda kingdom.

Bishop Bukomeko was born on November 1, 1968 in Luwero and is the youngest of the twelve children. He earned a Master of Divinity degree from Uganda Christian University, a Postgraduate Diploma in Human Resource Management from Uganda Management Institute, a Bachelor of Education and a Diploma in Education from Nkumba University.

 

Who is the new consecrated Bishop

He also has an Executive Certificate from Hertfordshire University. He was given an honorary doctorate from the London Bridge Business School.

When bishop Bukomeko was 21 years old,  a cleric visited his home and challenged him about his faith. It was during that visit that he fully committed his life to Jesus Christ and has never regretted the decision.

He was ordained a deacon and a priest in 1994. He has served in various capacities in Namirembe Diocese, including parish priest and Assistant Vicar.

Bishop Bukomeko married Rose Kokomeko in 1996. God has blessed them with five children, including twin girls.

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Telecommunication network interrupted as Netanyahu lands in Uganda 

By
Isaiah Mwebaze
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Minister Okello Oyrem greeting Israel PM-Netanyahu upon arrival in Uganda. Centre is Uganda PM, John Livingstone Ruhakana Rugunda.

Telecommunication network around Entebbe International Airport and parts of the municipality was interrupted as Israel’s Prime Minister Benjamin Netanyahu landed into the country.

Mr. Netanyahu who is in Uganda for a one day state visit, has been received by the Prime Minister of Uganda, Dr. John Livingstone Ruhakana Rugunda and the State Minister for Foreign Affairs in charge of International Relations, Okello Oryem.

Netanyahu was treated to red carpet welcome, including traditional dances, at airport terminal in Entebbe. It is remembered Netanyahu’s brother Yoni died in a legendary operation to liberate Jewish hostages 43 years ago at the same airport.

It is averred that HaMossad leModiʿin uleTafkidim Meyuḥadim (Mossad), the national intelligence agency of Israel has been camping in Uganda since Friday trying to assess security situation in the country before the arrival of their Prime Minister. And this could explain why telecommunication networks were jammed.

He is in Uganda for bilateral talks with his host Yoweri Museveni. He is also expected to brief his host on the recent peace pact offered by President Donald Trump for the Middle East.

After inspecting a guard of honour mounted by armed forces, he was  driven to State House Entebbe to meet Mr. Museveni and will apparently participate in memorial for his late brother on the way back.

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Court dismisses case against YMCA Student Brian Isiko

By
Geoffery Serugo
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Isiko at Court during the hearing of his case

The Buganda Road grade one Magistrate, Stella Amabirisi, has dismissed cyber harassment and offensive communication cases brought against YMCA Student, Brian Isiko.

Isiko was charged of cyber harassment and offensive communication when he allegedly stalked Kabarole Woman MP, Sylvia Rwabwogo, even though the student said he has deep love for the MP known not to be officially married.

In her ruling, the magistrate argued that it was unfair for Isiko to keep reporting back to court yet the complainant has never appeared to testify even when she was summoned on four occasions.

Isiko was in July 2018 convicted of Cyber Harassment and Offensive Communication and sentenced to two years in prison for continually love texting and stalking Kabarole Woman MP Sylvia Rwabwogo. The MP contended that Isiko was being used by some selfish individuals in a mission to lure her with love and later kill her.

In October 2018 Kampala High Court judge, Justice Jane Francis Abodo ordered for a retrial of YMCA Student Brian Isiko to ascertain allegations of stalking Kabarole district woman MP Sylvia Rwabwogo.

Appearing before Court as per bail conditions, Justice Abodo ordered that since the suspect pleaded guilty in the lower Court and due to lack of love messages pinning the convict, he should be retried back at Buganda Road Court and he was ordered to produce himself there within 48 hours.

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Hearings for schools whose 2019 PLE results were withheld starts today

By
Geoffery Serugo
-

The hearings for schools whose 2019 primary leaving examinations (PLE) results were withheld starts today at Uganda National Examinations Board (UNEB) offices in Ntinda. The hearing will be conducted before Board’s Examinations Security Committee

According to the executive secretary of UNEB, Daniel Odong, the Board sought and obtained approval of the Minister of education and sports, Janet Kataha Museveni in accordance with Section 4(3) of the UNEB Act and withheld results of 1,512 candidates pending completion of investigations.

“The 1,512 candidates is much lower than the 3,346 withheld in 2018 PLE. Schools whose results are withheld were notified through their District Inspectors of Schools.” He said

He said all candidates whose results were withheld will be accorded a fair hearing by the Board’s Examinations Security Committee. Those candidates who will be cleared will have their results released and after the hearings are concluded the Board will publish in the media the list of schools and districts from which results will have been cancelled.

This year 617,150 candidates passed the PLE compared to 599,593 the previous year. Male candidates performed better than females in all subjects.  Over 39,182 male candidates passed in grade one, 30,061 female. English and SST, performance improved at the distinction level. Overall pass level rose in Science although performance at the distinction level dropped sharply.

In both English and Mathematics performance was poor in questions where candidates were required to apply knowledge in problem solving situations or express themselves freely. Candidates were more comfortable with questions that are direct and based on recall.

The reports from Examiners, however, indicated that there is an improvement in candidates’ handwriting. Candidates also organized and presented their work more clearly even when the answers are wrong. The number of candidates scoring zero has also reduced greatly compared to previous years.

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Museveni, Kagame to hold talks at Katuna border

By
Our Reporter
-

President Yoweri Museveni and his Rwandan counterpart, Paul Kagame, will hold another round of talks in three weeks’ time, at the Katuna border post, as they continue to seek ways of resolving sticking issues between the two countries.

The resolution was one of five that the Heads of State arrived at during the third round of talks in Luanda, Angola.

Dubbed the Quadripartite Summit, the talks are facilitated by Angola’s President Joao Lourenco, while DRC’s Felix Tshisekedi is an observer. Before yesterday’s summit, two others were held in July and August last year in Luanda.

The summit saw the four Heads of State hold an over four-hour closed door session at the Angolan Presidential Palace in the heart of Luanda. President Lourenco, who briefed the media on behalf of the other Presidents, noted that unlike the last summit that involved signing memoranda of understanding, this time round there were no such documents.

Instead, he invited his country’s Foreign Relations Minister Manuel Domingos Augusto to read a communique containing five points agreed upon by the summit.

The meeting, according to the communique, resolved that both countries release duly identified nationals who are in detention of the other country, saying the lists had been exchanged between the delegations.

Also, that both countries refrain from conduct that creates the perception of support or financing of ‘destabilizing forces’ in each other’s territory.

That each country will respect the human rights of citizens of the other parties and that the adhoc committee that was created to facilitate discussion between the two countries will continue with its work.

The summit resolved that the heads of state reconvene on February 21st at Katuna border post for another summit.

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HARD TIMES: Dfcu thrown out of Sudhir buildings as the bank is to lay off workers

By
Our Reporter
-

Dfcu bank has been thrown out of Meera Investment Limited properties also owned by tycoon Sudhir Ruparelia.

Bank properties were seen being loaded into waiting trucks along Kampala Road at Crane Chambers that used to be the headquarters of Crane bank.

This comes after Dfcu bank last year asked Bank of Uganda to take back titles for the 48 properties that belong to Meera Investments Limited.

 

Eagle Online has also reliably learnt that Dfcu is also set to down size on the workers plus closing more 20 branches across the country.

The development, which first came out about last year but denied by the Dfcu bank has now come true with the bank facing the consequences of controversial Crane Bank takeover in 2017.

The Dfcu bank in October issued a statement denying the bank was shutting down 20 branches housed in the disputed Meera Investments Limited buildings, but insisted that a review of the bank’s branch network was part of her digital strategy

On August 26, 2019, Court ruled on Miscellaneous Application No.320 of 2019 in favor of Sudhir Ruparelia and Meera Investments Limited dismissing Suit No.493 of 2017 where Crane Bank (receivership) had sued Sudhir Ruparelia and Meera Investments Limited to recover Shs397 billion allegedly swindled.

Court ruled that costs of the application be paid by the Bank of Uganda on the basis that Crane Bank (in receivership) is non-existent and does not have locus standi to put forth any claim against Sudhir and Meera Investments Limited.

This development comes at the time when Dfcu is embroiled in yet another scandal after Britain’s Commonwealth Development Corporation (CDC) Group is  stuck with its 9.97 shares in Dfcu bank following the insistence by the potential buyer, Investment Fund for Development Countries that Dfcu bank avails minutes regarding the purchase of Crane Bank Limited on January 25, 2017.

 

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