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MP Ssekikubo granted Shs10m non cash bail

MP Theodore Ssekikubo

Lwemiyaga County Member of Parliament, Theodore Ssekikubo, has been granted Shs 10 million non cash bail after spending a night in Masaka Central Prison.

The vocal MP was arrested on Friday for allegedly inciting the public to forcefully move cattle in a quarantine area.

Yesterday Ssekikubo was arraigned before Masaka Chief Magistrates Court and charged with illegal possession of firearms, attempted murder, obstructing Stephen Okwi Okedi, the Sembabule District Police commander and his junior, Idi Kigenyi, who were on duty.

Through his lawyers led Medard Lubega Seggona, Ssekikubo applied for bail and presented four sureties including Sembabule woman Member of Parliament Hanifah Kawooya, MP Barnabas Tinkansimiire, MP Florence Namayanja, and Johnson Kamugisha.

His application was however rejected after state prosecutor, Aminah Akasa, told court that Ssekikubo doesn’t respect court orders. The MP was subsequently remanded to Masaka Central Prison where he spent a night.

And today, efforts to deny the MP bail application was objected by Masaka Chief Magistrate Derogations Ssejemba after prosecution failed to adduce evidence of where the legislator skipped court hearings.

Prosecution also avers that Ssekikubo, while armed, threatened Emmanuel Ssekimpi, then NRM returning officer in Sembabule District, which they said was violent.

The particular offence was committed during the ruling NRM party primaries in 2010 when Ssekikubo was contesting against Patrick Nkalubo.

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URA frustrated by low OTT tax collections, wants data bundles charged instead

Social media apps

Uganda Revenue Authority (URA) Commissioner General Doris Akol has said that over the top tax (OTT) tax is highly evaded in the country and now wants the tax applied to data bundles instead.

Akol and other URA tax experts were on Tuesday before the Parliament’s Finance Committee chaired by MP Henry Masasizi.

Akol said her agency has failed to collect the revenue targets from OTT tax since it was controversially launched in the financial year 2018/2019.

The Social Media tax requires users to pay a tax of Shs 200 per day to access OTT services. OTT services can be defined as “the transmission or receipt of voice or messages over the internet, including access to virtual private networks”.

Government in the financial year 2018/ 2019 introduced the Shs200 daily tax for use of social media platforms such as Facebook, Whatsapp, Twitter and many others, but URA said they registered a shortfall of 83 percent as only 17.4 per cent of internet subscribers were able to pay the tax.

Akol attributes the shortfall to use of Virtual Private Networks (VPN) and wireless networks in their offices and restaurants.

“The story for OTT is very very different, it was targeted at Shs 284bn but we only collected Shs 49.5 billion and it performed 17.4 percent against what was targeted. So OTT did not perform well at all. We think it was affected by use of Wi-fi in internet covered areas and as well as the continued use of VPNs to avoid paying the tax.”

Recent data released data by the Uganda Communications Commission (UCC), shows OTT tax has had a significant impact on the number of internet users in Uganda resulting in a drop of three million internet users over a three month period since it was introduced.

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Stop misinterpreting the Bible and misleading your followers – Church of Uganda Cleric attacks Pastor Bugingo

The Rt Rev Johnson Twinomujuni

The Bishop of West Ankole Diocese, The Rt Rev. Johnson Twinomujuni, has blasted Pastor and leader of House of Prayer Ministries, Aloysius Bugingo for misinterpreting the Bible and misleading his followers.

Recently, pastor Bugingo made a declaration that the phrase ‘till death do us part’ is not biblical, and that it is from Satan! In so doing, the pastor attacks the Roman Catholic, Anglican and Pentecostal Churches, associating them with what he calls a practice from Satan.

Bishop Twinomujuni whose Diocese falls under the Church of Uganda, in his rebuttal to Bugingo’s unconvincing assertions  says, “Bugingo claims that he has read the Bible a number of times he is not even able to count! That in itself is an interesting claim, which I wish he were humble enough not to associate himself with. Even if it was true that he has read the Bible countless times, it would be prudent for him to know that it is one thing to read even several times, but another to understand.”

“I can’t believe that these words are from someone who claims to be a pastor! Nonetheless, I’m not surprised that he is making such a statement after divorcing his wife on grounds of a sickness,” the bishop said, adding that Bugingo states that nowhere does the Bible say that the married should not separate.

Remember that the Bible is God’s holy, infallible, and inerrant word, some versions of which he once set ablaze on an Easter Monday, claiming that they were deceptive.

For this particular statement and others of similar nature he has been making, one underlying and obvious factor, which is having a significant influence on his judgement, is his divorce, the possibility of other forms of conditioning notwithstanding.

He said Bugingo’s yearning soul is in a desperate need for justification over his prejudiced separation with his bona fide wife, which, because he cannot get it by virtue of moral objectivity, he is deliberately misinterpreting the Bible, so he can justify his act if it were possible.

Also, it is so disheartening that Bugingo is taking advantage of the innocence of those that attend him, some of whom have been blinded and/or brainwashed by his heretical eloquence that finds solace in a theological vacuum that he himself has created and made them victims of.

Let us now zoom in on the issue at hand and do a theological analysis of his claims, basing on the Bible, of which, deriving from his utterance, he is a prolific student and a voracious reader.

Does the Bible he has read countless times have the following verses: Rom. 7:2-3; Mal. 2:13-16; Heb. 13:4; Mat. 5:32; 19:4-9; plus 1 Cor. 7:2-40, and especially verse 10 which says, “To the married I give this charge (not I, but the Lord), the wife should not separate from her husband.” Verse 11b also states clearly, “and let not the husband put away his wife.”

Again does the Bible Bugingo has read contain Gen. 2:18; Eph. 5:33; Luke 16:18, and 1 Cor. 7:39 which says, “A wife is bound to her husband as long as he lives. But if her husband dies, she is free to get married to whom she wishes, but only in the Lord”?

What is Bugingo’s interpretation of these verses, and if he has not read them, which Bible has he been reading all those countless times?!

Consider Jesus’ command: “What God has joined together let no man put asunder” (Mat. 19:6). Has Bugingo read it? Can he define either the logical or conceptual scope of its duration? In other words, where and when does the legality of that instruction’s demand end?

About those who are joined in marriage Jesus asserts, “They are no longer two, but one flesh” (Gen. 2:24; Mat. 19:6). How can one separate with oneself?! Looking closely at the immediate context of the verse and Jesus’ plot of thought here, one doesn’t have to be a genius or even a cultured theologian to realise that the word “therefore” which Jesus uses immediately after his assertion, is actually ‘there for something’ – to emphasize what is otherwise implied, that he (Jesus) is speaking against divorce. Actually, the words ‘no man’s in the phrase “what God has joined together, let no man separate”, speak also to the two, who are married. The husband and wife are also included in that prohibition.

There is the except clause of Mat. 5:23 that has always been looked at as Jesus’ permission to divorce. While it is true that “marital unfaithfulness” or sexual immorality can be a ground for divorce, if it happens, it comes as a regrettable consequence of an already defiled marriage, not as its approved remedy.

Does the Bible Mr. Bugingo has read have God’s assertion “I hate divorce” in Mal. 2:16? When God says so, what does that mean for the married? Doesn’t that imply that God requires that our marriage be a lasting one? Where does a marriage whose parties won’t divorce end, if not till death separates them?

In Eph. 5:25-33, Paul likens the marriage between a husband and wife to Christ’s relationship with the church, and commands the man to love his wife as Christ loves the church. When does Bugingo expect Christ to be separated with his ‘bride’ – the church?

When Bugingo says that the marital vows are not in the Bible. Is this to indicate that for him every activity, phenomenon, invention, and venture ought to be stated in the Bible for it to be true, right, or acceptable?

Should the Bible have stated in black and white: build cars, use computers, boil water before drinking it, form a political party, construct aeroplanes, make tarmac roads, establish hospitals, design smart phones, make jets, use treadmill and TRX bands for fitness, establish constitutions, set up universities, etc…so we know that doing such is biblical, and therefore acceptable?!

God created us in His image and gave us brains to use. In some aspects the Bible is specific and particular in accordance with both the immediate and wider contexts, but in other and actually most cases it states what is true or right in principle. What the Bible says in principle informs our conscience and so guides or facilitates our decisions and establishments.

As Christians we live by faith and reason, not faith apart from rationality, because we are commanded to love God with all our hearts, souls and minds (Mat. 22:37; Mk. 12:30, and Luk. 10:27).

Bugingo’s reasoning that the marriage vows compel the married to kill each other is very unfortunate. The worst of this assertion is its implication. He interprets the statement to mean, ’cause death, so you can then get married to another.’ What peace do those who divorce enjoy, after? What society would survive if the parties that make it separated at each and every misunderstanding or conflict?

Dear Aloysius, marriage survives on the classic nature of agape love as stated in 1 Cor. 13.1-9, not on a series of separation, or of murder and remarriage. Love which understands, which bears, which forgives, is the kind that sustains marriage to the end.

Bugingo asserts that those marital vows came from Satan. Which irrefutable proof has he that their origin or author is Satan? Which evidence is there that makes such a claim valid?

“May the Lord bless you for reading this? May He protect you from false and pseudo ideologies and teachings from self-styled liars, enemies of the gospel and God’s infallible word? May the Holy Spirit illumine our minds and keep us alert.

Beloved, take heart.” You will know them by their fruits” (Matthew 7:16, 20),”  Twinomujuni says.

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We won’t tolerate corruption – New ICT ministers warn staff

Minister Judith Nabakooba speaking at handover ceremony

The outgoing Minister of ICT & National Guidance, Frank Tumwebaze has today officially handed over office to his successor, Judith Nabakooba who was among other appointees sworn in yesterday at State House Entebbe.

While addressing guests at the handover ceremony Nabakooba and her Junior Peter Ogwang Ogwang stated that they would allow corruption in the ministry.

Nabakooba who doubles as Mityana Woman MP was late last year appointed by President Yoweri Museveni as new ICT minister in a minor reshuffle that saw her processor Tumwebaze moved to the Ministry of Gender, Labour and Social Development.

Minister Nabakooba said she will not allow corruption in her ministry and asked the staff to work hard for effective service delivery.

Minister Ogwang on his part pledged to diligently serve the ICT sector. On behalf of the appointing authority and my own behalf, I pledge to work diligently to serve the ICT sector. I know how far honourable Frank Tumwebaze has brought this sector and we are not here to let him down but to make it even better,” he said.

Ogwang Ogwang also asked for support from the ministry’s agencies and departments as he and his boss Nabakooba take office. Like Nabakooba, he said they won’t allow corruption to thrive in the ICT ministry. “We shall not tolerate corruption,” he said.

During yesterday’s swearing in ceremony of the new ministers, Museveni urged them to fight corruption in their ministries.

The handover ceremony took place in the boardroom of the ICT ministry in Kampala. Representatives from different departments and agencies that fall under ICT ministry attended the colourful ceremony held Tuesday morning. They include ICT Permanent Secretary Vincent Bagire, Uganda Communications Commission Executive Director Eng. Moses Mutabazi and Executive Director of Uganda Media Centre Ofwono Opondo, among others.

While addressing the audience, Tumwebaze said government had invested resources in connecting Uganda through broadband infrastructure. “Without broadband, any activity you’d want done wouldn’t be executed,” he said.

“Together with Uganda Media Centre, we communicated Cabinet decisions to the people of Uganda. Previously, these important decisions were secretive. We also established Government Communication Interactive Centre as a link of the citizens to the Government of Uganda,” Tumwebaze said.

Tumwebaze congratulated his counterpart Nabakooba and her junior Ogwang for being appointed to cabinet and assured the new leadership of the agencies’ cooperation and enthusiasm.

Bagire, while appreciating Tumwebaze, said the ICT ministry always got support from the former boss in carrying out its roles. We have had the best support we ever need from the minister in implementing the roles of the Ministry & staff here can testify,” he said.

Other agencies under ICT Ministry include; National Information Technology Authority (NITA) and Uganda Broadcasting Corporation represented by Deputy Managing Director Maurice Mugisha at the handover ceremony.

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Singer Rema’s husband Dr Sebunya finally graduates from Makerere

Dr. Sebunya

Dr. Hamza Sebunya, singer Rema’s flashy husband is among the 13,509 students who have made it to the 70th graduation ceremony with a Bachelor’s degree in Medicine and Surgery.

Sebunya snatched Rema from former boyfriend Eddie Kenzo and officially married last year. Rema is yet to show pregnancy signs after marrying the doctor, even though she has a daughter with Kenzo.

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I will buy Arsenal FC – Dangote

Aliko Dangote

The richest man in Africa, Aliko Dangote, has revealed his plans to buy Arsenal Football Club in 2021, with the billionaire Gunners fan determined to oust absentee owner Stan Kroenke.

The Nigerian boasts a net worth of more than £8.5billion and made his fortune after founding Dangote Cement, Africa’s largest cement producer – with the 62-year-old also owning stakes in publicly-traded salt, sugar and flour manufacturing companies.

He had promised a takeover bid in 2020 but, with his Dangote Refinery – set to be one of the world’s largest oil refineries – still under construction, he has moved the date back.

Arsenal fans’ frustration with current owner Stan Kroenke has been bubbling for years, with the Denver Nuggets and LA Rams owner rarely showing his face at the Emirates, while Arsenal continue to look rudderless behind the scenes in their search for a route back to the top four.

Fans would certainly welcome a change in ownership, and Dangote could radically change Arsenal’s fortunes.

‘It is a team that, yes, I would like to buy some day, but what I keep saying is we have $20billion worth of projects and that’s what I really want to concentrate on,’ Dangote told the David Rubenstein

‘I’m trying to finish building the company and then after we finish, maybe some time in 2021 we can.

‘I’m not buying Arsenal right now, I’m buying Arsenal when I finish all these projects, because I’m trying to take the company to the next level.’

Arsenal have been left languishing in 10th in the Premier League after a torrid end to the reign of former manager Unai Emery’s, but there have been signs of life after the appointment of Mikel Arteta.

Scrutiny on the Arsenal owners and board was ratcheted up during the miserable winless run that eventually saw Emery sacked.

Stan Kroenke’s son, Josh, is a director on the Arsenal board, and told fans to ‘be excited’ in the summer after the Gunners signed Nicolas Pepe for a club record fee, as well as Kieran Tierney and David Luiz.

There wasn’t much excitement about by December though, and banners calling for the Kroenkes to leave were on show once again.

The pressure will be somewhat relieved if Arteta delivers on the early positives showed in the 2-0 win over Manchester United, but Arsenal fans will still be hoping Dangote follows through on the promise he made in 2018, saying: ‘Even if somebody buys, we will still go after it.’

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From new normal to new mediocrity, impact investing: Promoting a universal standard

Mark Sobel

By Mark Sobel 

Pundit predictions for the 2020 global economy abound. A consensus exists – global growth will be underwhelming and flattish; the dollar may weaken a bit but remain firm; asset prices may do somewhat well; and bond yields could go back up a bit.

But rather than focus on the global economy’s transition from one year to the next, 2020’s advent offers the opportunity to reflect on the transition from one decade to another. In this two-part series, the first piece will look at the economic outlook of the 2020s; the second will examine how leaders might respond.

Prior to the 2008 financial crisis, world growth readings in the fours and fives were standard fare.

In the last decade, the G20 came together and overcame the financial crisis. But growth fell towards the low threes, hit by halting recovery from the ‘great recession’ and its systemic financial and balance sheet origins. Europe faced its own crisis. China slowed. Emerging market performance underwhelmed.

Leverage exploded. Overburdened monetary policy swung highly accommodative. Societies aged. Populism surged. Falling R* (the equilibrium real rate of interest), lowflation, stall speed, secular stagnation and Japanification became buzzwords.

Economists often debate whether recoveries from low growth will be U- or V-shaped. International Monetary Fund projections through the mid-2020s point upwards, but those forecasts suffer often from an optimistic bias. Rather, the next decade’s outlook may be L-shaped, and the bottom leg of the L may slope downwards.

By many estimates, US potential growth is slowing to around 1.75%. Private saving is up. Fiscal policy is unlikely to be expansionary in the aftermath of digestion of President Donald Trump’s ineffective tax cuts.

The US will not be a global growth locomotive. US consumers will still love to consume, but not enough for the sake of a vibrant world economy. Financial conditions will remain accommodative, but Federal Reserve accommodation in and of itself will not sustain robust global demand. Further, forecasts for global trade growth are in line with world growth estimates – an elasticity of one, rather than closer to two as in the past.

Even with slowing US potential growth, the country’s capacity to grow exceeds that of Europe and Japan. Despite Trump’s attitude towards immigration, US demographic prospects are still more favourable than those in other advanced economies. Despite the diminishing competitiveness of US markets, its capacity for innovation remains high.

Export-led growth models long practiced around the world will be disrupted. Still, the US could be following in the footsteps of Japan and Europe.

Japanese growth has slowed and potential is seen as around 0.5% of GDP per year. Proactive macroeconomic policies have not prevented persistent lowflation, despite Japan’s massive fiscal debt and the Bank of Japan long being in the vanguard of central banks promoting quantitative easing and the zero lower bound.

In the euro area, aging will hit the workforce. Potential growth is projected to fall to around 1.3%, if not lower. The European Central Bank has been ‘the only game in town’ in combating lowflation, while national policies seem incapable of helping Frankfurt, let alone strengthening weak banks or creating stronger euro area institutions.

Chinese growth rates have slowed to 6% per year from around 10% pre-crisis. Given China’s looming demographic kink, the increasing inefficiency of investment and excess leverage, and an economic shift from industry to consumerism and services, the country’s sustainable growth rate will fall over the coming decade – perhaps to 4%, by some estimates. Amid smaller current account surpluses and absent capital controls that bite, China faces perhaps a great wall of capital outflow, even larger than potential inflows, with important implications for managing currency stability.

Emerging markets will face headwinds. Many are dependent on commodity exports. China accounted for more than one-third of global growth over the past decade, boosting demand and commodity prices; that prop will dissipate. Key Latin American countries seem perennially unable to increase productivity. Northeast and southeast Asian economies have long thrived on external demand. Despite important reforms in past years, India will be held back by its inefficient statist banking system, large general government deficits, and other structural rigidities. Geopolitics, as always, presents enormous downside risks.

The next decade may well be one of further slowing growth, presenting major and new challenges to policy-makers everywhere.

The Writer is US Chairman of Official Monetary Financial Institutions Forum (OMFIF).

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Cybersecurity threats call for a global response

David Lipton

By David Lipton

Last March, Operation Taiex led to the arrest of the gang leader behind the Carbanak and Cobalt malware attacks on over 100 financial institutions worldwide. This law enforcement operation included the Spanish national police, Europol, FBI, the Romanian, Moldovan, Belarusian, and Taiwanese authorities, as well as private cybersecurity companies. Investigators found out that hackers were operating in at least 15 countries.

We all know that money moves quickly around the world. As Operation Taiex shows, cybercrime is doing the same, becoming increasingly able to collaborate rapidly across borders.

To create a cyber-secure world, we must be as fast and globally integrated as the criminals. Facing a global threat with local resources will not be enough. Countries need to do more internally and internationally to coordinate their efforts.

How to best work together

To begin, the private sector offers many good examples of cooperation. The industry deserves credit for taking the lead in many areas—developing technical and risk management standards, convening information-sharing forums, and spending considerable resources. International bodies, including the Group of 7 Cyber Experts group and the Basel Committee, are creating awareness and identifying sound practices for financial sector supervisors. This is important work.

But there is more to be done, especially if we take a global perspective. There are four areas where the international community can come together and boost the work being done at the national level:

First, we need to develop a greater understanding of the risks: the source and nature of threats and how they might impact financial stability. We need more data on threats and on the impact of successful attacks to better understand the risks.

Second, we need to improve collaboration on threat intelligence, incident reporting and best practices in resilience and response. Information sharing between the private and public sector needs to be improved—for example, by reducing barriers to banks reporting issues to financial supervisors and law enforcement.

Different public agencies within a country need to communicate seamlessly. And most challenging, information sharing between countries must improve.

Third, and related, regulatory approaches need to achieve greater consistency. Today, countries have different standards, regulations, and terminology. Reducing this inconsistency will facilitate more communication.

Finally, knowing that attacks will come, countries need to be ready for them. Crisis preparation and response protocols should be developed at both the national and cross-border level, so as to be able to respond and recover operations as soon as possible. Crisis exercises have become crucial in building resilience and the ability to respond, by revealing gaps and weaknesses in processes and decision making.

Connecting the global dots

Because a cyberattack can come from anywhere in the world, or many places at once, crisis response protocols must be articulated within regions and globally.

That means the relevant authorities need to know “whom to call” during a crisis, in nearby and, ideally, also in faraway countries. For small or developing countries, this is a challenge that needs international attention. Many rely on financial services or correspondent lines provided by global banks for financial connection. Developing cross-border response protocols will help countries understand their respective roles in a crisis and ensure a coordinated response in the event of a crisis.

The Group of 7 countries has made an excellent start at building collaboration on cybersecurity, but this effort needs to be broadened to each and every country.

Here the IMF can play an important role. With a much broader representation than most of the standard-setting institutions, the IMF has the ability to raise the concerns of emerging-market and developing countries to a global level. Because any place is a good place to start an attack, it is in the ultimate interest of advanced economies to work with other countries to share information, coordinate actions, and build capacity.

At the IMF, we work with countries that need to build this capacity, developing the skills and expertise needed to recognize and effectively counter cybersecurity threats. Our international partners are doing the same, and we work regularly with an array of stakeholders in the public and private sector.

Successful cyber-attacks have the potential to hamper financial development by creating distrust, especially if personal and financial data are compromised.

If we want to reap the benefits of new technologies that can develop markets and expand financial inclusion, we have to preserve trust, and ensure the security of information and communications technologies. With cybersecurity, there is always more to be done simply because the pace of change is breathtakingly fast.

The Writer is First Deputy Managing Director of the International Monetary Fund (IMF)

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Curtains fall on Kasekende at BoU as his tour of duty comes to an end

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

Dr Louis A. Kasekende’s journey as the Deputy Governor at the Bank of Uganda (BoU) is supposed to end on January 13, 2020, after getting the second five-year term on January 18, 2010. He first served the bank from 1999 until 2002. Latest reports show he handed over office today as he awaits his fate, having allegedly asked for contract extension.

Kasekende alongside his boss Emmanuel Tumusiime-Mutebile have been credited for ensuring that the central bank fosters price stability and a sound financial system. Together with other institutions, BoU has played a pivotal role as a centre of excellence in upholding macroeconomic stability.

However, Dr Kasekende had his reputation brought to questions following the probe of BoU on the sale of seven defunct commercial banks whose closure and liquidation were questioned as the exercise ignored laid down guidelines and procedures.

The affected banks that had Kasekende’s reputation tarnished were; Teefe trust Bank, International Credit Bank, Greenland Bank, Cooperative Bank, National Bank of Commerce, Global Trust Bank and Crane Bank Limited.

It should be remembered that Kasekende resisted the idea that the Auditor General probe BoU over the closure of the seven banks to the extent that he had to seek legal opinion from the solicitor general. The Speaker of Parliament Rebecca Kadaga would silence Kasekende over the matter he thought it was subjudice.

The Auditor General in his report would accuse Kasekende and other senior officers of BoU of not giving him all the documents needed at the time to carry out proper investigations. MPs on COSASE late by Abdu Katuntu would later force Kasekende and others to produce some of the required documents which they thought were confidential whereas not.

MPs on COSASE in their recommendations, said that Kasekende’s and Tumusiime-Mutebile’s positions as Chairman and vice chairman of BoU board weakened the institution’s supervision as they reported to themselves. They continue to do so as the recommendations to delink the two officials from the board has not been effected by the Ministry of Finance under which BoU falls.

A committee appointed by President Yoweri Museveni to look into the cause of tension within the BoU staff established that there was a clique aligned to Kasekende and the other supporting his boss Tumusiime-Mutebile, which the senior staff interviewed said it was not good for the institution’s smooth running.

It is said Kasekende wants President Museveni to give him another contract. He is said to be lobbying the Catholic establishment to do this job alongside top gurus in the Ministry of Finance.

Should Kasekende leave BoU, it will be the beginning of the reorganisation of the institution whose image has been tainted by the recent scandals such as the theft of the old currency notes by its staff, just to mention but a few. If he leaves, he will do so leaving BoU in dire need of capitalization, as cited by the 2020/21 budget framework paper. BoU has spent billions of taxpayers’ money carelessly as it dealt with MMKAS Advocates, Sebalu & Lule Advocates who court said were conflicted in the BoU versus Ruparelia Group of Companies.

Kasekende’s other postings

From May 2006 to 2009, he served as Chief Economist of the African Development Bank (AfDB). As Chief Economist, he was the Bank’s spokesperson on socio-economic and development issues of importance for Africa. He supervised the Development Research Department, the Statistics Department and the African Development Institute. Between 2002 and 2004, he served as Alternate Executive Director and later as Executive Director at the World Bank for Africa Group 1, including 22 countries mostly from Anglophone Sub-Saharan Africa.

Prior to joining the World Bank, he had worked for 17 years at the Bank of Uganda in several capacities, including Director of Research Department, Executive Director responsible for Research and Policy and served as Deputy Governor between 1999 and 2002. He has previously served as a member of the United Nations Group of Eminent Persons for the Least Developed Countries and the World Bank Knowledge Advisory Commission.

Currently, Dr Kasekende is a Board Member of the African Export Import Bank (AFREXIMBANK), the International Economics Association (IEA) and the Africa Economic Research Consortium (AERC), and is a member of the National Steering Committee on Capital Markets Development in Uganda.

Dr Kasekende holds A Bachelor of Arts Degree of Makerere University, Diploma in Econometrics, Masters of Arts and PhD in Econometrics of the University of Manchester. He has authored several articles in academic journals and books.

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NRM rebel MP Ssekikubo remanded to Masaka central prison

MP Theodore Ssekikubo

Masaka High Court has charged Lwemiyaga County MP Theodore Ssekikubo, with illegal possession of firearms and four other counts, remanding him to Masaka central prison.

Ssekikubo, one of the NRM rebel MPs who don’t agree entirely with the party on certain political matters in the country, was arrested last Friday for attempting to forcefully enter the Lwemiyaga cattle market that had been closed over the outbreak of foot and mouth disease is facing fresh charges of illegal possession of a firearm and malicious damage to property among others.

While appealing before Masaka chief magistrate on Monday, the court heard that in 2010, during the NRM party primaries Ssekikubo shot Habibu Nsamba Kanyarutoke a security officer during a hotly contested party primary where Ssekikubo was contesting with Patrick Nkalubo.

Court also heard that Ssekikubo maliciously damaged electoral materials for NRM Party that were being used in the party primaries, and obstructed police officers from doing their work.

Ssekikubo was also charged with inciting violence.

Ssekikubo through his lawyer Medard Lubega Ssegona, had applied for bail after presenting four sureties including  Sembabule woman Member of Parliament Hanifah Kawooya, MP Barnabas Tinkasimire, MP Florence Namayanja, and Johnson Kamugisha.

However, the presiding magistrate Deogratius Ssejemba told the court that he needed some time to study Ssekikubo’s case file, adjourning the matter to tomorrow.

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