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50 Boeing planes grounded globally as wing-related cracks discovered

By
Agencies
-
Aircraft

Boeing has confirmed that it has grounded over 50 of its planes around the world, after wing-related cracks were discovered, while the company’s CEO has admitted to making safety mistakes.

It’s the US aviation giant’s 737NG (Next Generation) model that is now under scrutiny. It’s a precursor to the infamous Boeing 737 MAX, which killed 346 in two crashes in Indonesia and Ethiopia, and has been grounded since March.

Boeing spokesperson told AFP that some 1,000 planes worldwide had “reached the inspection threshold”. The problem these inspections zeroed in on was the so-called ‘pickle fork’ – a part of the plane that connects the fuselage to the wing.

The US aviation authority this month ordered checks of Boeing 737NG planes that had made over 30,000 flights.

Meanwhile, the company’s CEO was testifying before a US House panel on Wednesday, where he said the company made some mistakes on the key-safety system known as MCAS.

“I am responsible. These two accidents happened on my watch. I feel responsible to see this through,” Dennis Muilenburg admitted, refusing to step down.

Two deadly crashes involving Boeing’s newest 737 MAX 8 airplane in less than six months puts the credibility of the manufacturer in jeopardy. The fatal Ethiopian Airlines accident claimed 157 lives in March followed a similar crash in Indonesia, which killed all 189 people on board in October.

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Civil society, MPs review progress of 10th Parliament as term nears end

By
Geoffery Serugo
-
Parliament of Uganda

Members of Parliaments (MPs) and the civil society organisations (CSOs) are reviewing the performance of the 10th Parliament, with prominence being given to ways of deepening citizen involvement.

The 3rd Annual Legislative Sector Review, running under the theme, “Legislating for good governance and sustainable development” saw the discussion of MPs pay, the institution’s budget and citizen involvement in the activities of the legislature.

The Clerk to Parliament, Jane Kibirige, said the year’s review is critical as resolutions will feed into the next phase of the sector’s strategic plan.

“The timing and discussions of this 3rd review are critical to the works of Parliament in three ways: first, it focuses on the mid-term performance of the 10th Parliament…feed into the design of the priority areas of the sector and the formulation of the next strategic plan,” said Kibirge.

Prominent in the discussion was the issue of MPs emoluments, which is an emotive issue that has seen Parliament suffer criticism from a section of the public and members of the civil society.

MP Jacob Oboth Oboth (IND. West Budama County South), also Chairperson of the Committee on Legal and Parliamentary Affairs, blamed CSOs for habitually bashing MPs on the issue of their emoluments without suggesting alternatives.

“Those who are bashing us do not understand the issue of the independence of Parliament; how do you place the issue of Parliament’s budget under another authority,” he said.

“Parliament currently has 3 per cent of the National Budget and most of its priorities are unfunded, how do you relate that with the criticism we always receive for some of the entitlements we earn?” he added.

The Director of Clerks, Emmanuel Bakwega, suggested an alternative to end the current impasse over budget allocation to MPs.

“I think there should be a way to resolve this issue permanently through legislation and expressly including a certain percentage of the Gross Domestic Product (literally the monetary value of the economy) and then Parliament works within that,” said Mr Bakwega.

MP Hellen Asamo (NRM, PWD Eastern Region) said as people with disabilities, Parliament has done so much with regards to making the institution physically accessible, but that the biggest problem is with access to documents and other services that are needed to aid PWDs.

MPs and stakeholders agreed on the need to enrich Parliament with human and financial resources, which they said are important in as far as getting Parliament closer to the people and dealing with post-legislative scrutiny.

MP Agnes Ameede (NRM, Butebo District) said going forward, Parliament should increase the number of research officers to better the quality of output at Parliament.

The review runs from October 30, 2019 to November 1, 2019.

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Mowzey Radio killer sentenced to 14 years in prison

By
Our Reporter
-
The late Mowzey Radio

Godfrey Wamala alias Troy who was early this week convicted with manslaughter over the death singer Moses Sekibogo alias Mowzey Radio has been sentenced to 14 years in prison.

Wamala was on Monday this week found guilty of manslaughter and not murder which he had been charged with.

Justice Jane Abodo of Entebbe High Court on Thursday stated that Wamala did not have malice aforethought to kill Mowzey despite the fact that the late singer died following a bar brawl in Entebbe.

Wamala is to spend 13 years, three months and four days in prison because he has already served one year, eight months and 26 days in Kigo Prison.

Wamala has a right to appeal if he’s not satisfied with the decision.

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URA issues tough measures on paying foreign clients without tax clearance certificate

By
Our Reporter
-
Henry Martin Saka

The Uganda Revenue Authority (URA) in letter dated October 25, 2019  and addressed to all banks  warned financial institutions on section 134(D) of the income tax act.

Under Section 134 (d) and regulation number 164 of the Income Tax Act, a taxpayer transferring funds in excess of 2500 currency points from Uganda to outside is required to obtain a clearance certificate from the URA Commissioner General.

“The purpose of this letter is requirement for implementation of the provision. The requirement is that before transferring any funds in excess of Shs50,000,000…from Uganda to a place outside Uganda, the above tax clearance certificate should be presented by your clients and verified for authenticity by yourselves,” said Henry Saka, URA Commissioner Domestic Taxes.

Saka has urged commercial banks to resolve the issue as required by the law, warning that failure to respond is an offence. “Please take note that failure to comply with the obligations of the law is an offence,” he said.

Saka has copied the letter to Director Bank Supervision at the Bank of Uganda which regulates the banking industry.

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University Football League final postponed

By
Our Reporter
-
university football league

The 2019 University Football League (UFL) final that was scheduled for Sunday 3rd November at the Mandela National Stadium have been postponed.

This follows the resting of the Namboole Stadium pitch for refurbishment following the recent heavy rains that left it in a poor state during the Masaza Cup final over the weekend.

Namboole stadium management has embarked on the refurbishment of the pitch and it will be rested for two weeks for it to be in perfect shape when the Cranes host Malawi in the 2021 Afcon qualifiers on 17th November.

The third place play-off match of the UFL was also slated for the same date with the final but has also been postponed.

The final is between Uganda Christian University (UCU) and St. Lawrence University while the third place play off is between Bugema University and Uganda Martyrs University.

The UFL Organising Committee is in the process of securing an alternative venue.

Among the options being considered are Wankulukuku stadium, KCCA FC Stadium, St. Mary’s Stadium Kitende, FUFA Technicla Centre Njeru, Bugembe Stadium, Luzira Prsion grouns and Wakissha stadium.

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Makerere suspends nine students as sporadic protests continue to take center stage

By
Simon Kabayo
-
Makerere University Administration Building.

Makerere University has suspended nine students and warned several others as they continued with sporadic protests on Wednesday against the unpopular 15 percent cumulative tuition policy.

The protests that commenced on Tuesday last week were spearheaded by Mollie Siperia, the Guild Representative Councilor for School of psychology and one Frank Bwambale who were later nabbed and suspended by the university vice chancellor Prof. Barnabas Nawangwe.

Unconfirmed reports indicate that Siperia who was brutally assaulted is currently hospitalized at unknown medical facility in Kampala.

Earlier today, the Students’ Guild President, Julius Kateregga, was reportedly kidnapped by unknown people moments after he had just left NBS TV where he was discussing issues pertaining the university alongside, Dr Muhammad Kiggundu, Manager Communications and international relations of the university. The kidnapping reports were confirmed by his deputy Judith Nalukwago.

Among the key issues, Kateregga blamed the University for blocking students without Identify cards into the university yet it failed to process them to over 70 percent of them.

“If Prof Hisali and Gordon Mulangira are brought to book, we shall know the rest of the people instigating violence. Our concern is with the tuition increment. We feel the government officials are failing to listen to reality. We all know the country’s growth rate is measured at five percent , why then would you give us a 15 percent  increment?” He said on the show before being kidnapped

The suspended students include

  1. Mr. Frank Bwambale

Reg. No: 16/U/4500/PS

Bachelor Journalism and Communication

School of Languages, Literature and Communication

College of Humanities and Social Sciences

  1. Ms. Saasiraabo Siperia

Reg. No: 17/U/9897/EVE

Bachelor of Industrial and Organizational Psychology

School of Pyschology

College of Humanities and Social Sciences

  1. Mr. Rogers Mbajjo Ssebiraalo

Reg. No: 13/U/13785/EVE

Bachelor of Quantitative Economics

School of Statistics and Planning

College of Business and Management Sciences

  1. Mr. Derrick Ojambo Wabwire

Reg. No: 16/U/0825/EVE

Bachelor of Records and Archives Management

East African School of Library and Information Science

College of Computing and Information Sciences

  1. Mr. Musiri David

Reg. No: 17/U/6676/EXT

Bachelor Commerce (External)

School of Distance and Lifelong Learning

College of Education and External Studies

  1. Mr. Kyeyune Ivan

Reg. No: 15/U/6923/EVE

Bachelor Arts (Social Sciences)

School of Social Sciences

College of Humanities and Social Sciences

  1.   Mr. Mutatina Seiz

Reg. No: 18/U/12706/EVE

Bachelor of Commerce

School of Business

College of Business and Management Sciences

  1. Mr. Dhabona Job

Reg. No: 16/U/20548/EVE

Bachelor of Community Psychology

School of Psychology

College of Humanities and Social Sciences

  1. Mr. Ssenoga Simon

Reg. No: 11/U/7531/PS

Bachelor of Industrial and Organizational Psychology

School of Psychology

College of Humanities and Social Sciences

WARNED STUDENTS

  1. Ms. Kirabo Marion

Reg. No: 16/U/6085/PS

Bachelor of Laws

School of Law

  1. Ms. Namiiro Sarah Aminah

Reg.No: 16/U/891

Bachelor of Conservation Forestry and Product Technology

School of Forestry, Environmental and Geographical Sciences

College of Agricultural and Environmental Sciences

  1. Ms. Mariam Kyomugasho Mugisha

Reg. No: 17/U/6327/PS

Bachelor of Science in Petroleum Geoscience and Production

School of Physical Sciences

College of Natural Sciences

  1. Ms. Annah Ashaba

Reg. No: 17/U/2983/PS

Bachelor of Arts with Education

School of Education

College of Education and External Studies

  1. Mr. Rodney Kiggundu

Reg. No: 17/U/5111/PS

Bachelor of Science in Computer Science

School of Computing and Information Technology

College of Computing and Information Sciences

  1. Ms. Omunyokol Lydia

Reg. No: 19/U/17795/PS

Bachelor of Arts with Education

School of Education

College of Education and External Studies

  1. Ms. Judith Nalukwago

Reg. No: 16/U/860

Bachelor of Dental Surgery

School of Health Sciences

College of Health Sciences

  1. Ms. Musiimenta Anitah

Reg. No: 17/U/6653/EVE

Bachelor of Industrial and Organizational Psychology

School of Psychology

College of Humanities and Social Sciences

  1. Ms. Mwesigwa Peninnah Balambi

Reg. No: 16/U/7948/PS

Bachelor of Environmental and Geographical Sciences

School of Forestry, Environmental and Geographical Sciences

College of Agricultural and Environmental Sciences

  1. Ms. Nyangoma Pamerah

Reg. No: 18/U/24171/PS

Bachelor of Arts with Education

School of Education

College of Education and External Studies

  1. Ms. Elith Nabimanya

Reg. No: 16/U/774

Bachelor of Science (Electrical Engineering)

School of Engineering

College of Engineering, Design, Art and Technology

  1. Mr. Benjamin Ahikiriza

Reg.No: 15/U/2881/PS

Bachelor of Laws

School of Law

  1. Mr. Sserwadda Isaiah

Reg. No: 17/U/10299/PS

Bachelor of Commerce

School of Business

College of Business and Management Sciences

  1. Mr. Nyinamanyonyi Marvin

Reg. No: 16/U/10655/PS

Bachelor of Industrial and Fine Arts

Margaret Trowel School of Industrial and Fine Arts

College of Engineering, Design, Art and Technology

  1. Mr. Kayondo Vicent

Reg. No: 18/U/636

Bachelor of Science – Biological

School of Bio-Sciences

College of Natural Sciences

  1. Mr. Ouma Epaphrus

Reg. No: 18/U/19742/PS

Bachelor of Arts (Social Sciences)

School of Social Sciences

College of Humanities and Social Sciences

  1. Mr. Tumusiime Joseph

Reg. No: 16/U/12009/EVE

Bachelor of Arts (Social Sciences)

School of Social Sciences

College of Humanities and Social Sciences

  1. Mr. Babirye Nicky Namisi

Reg. No: 18/U/22925/PS

Bachelor of Library and Information Sciences

College of Computing and Information Sciences

  1. Mr. Mutangana Tyson

Reg. No: 17/U/1826

Bachelor of Industrial and Organizational Psychology

School of Psychology

College of Humanities and Social Sciences

  1. Mr. Mutagubya Allan

Reg. No: 2018/HD13/1875U

Master of Science in Zoology

School of Bio-Sciences

College of Natural Sciences

  1. Mr. Agaba Derrick

Reg. No: 16/U/2817/PS

Bachelor of Arts in Development Economics

School of Economics

College of Business and Management Sciences

  1. Mr. Oreret Erasmus

Reg. No: 17/U/1035

Bachelor of Science in Wildlife Health and Management

School of Veterinary Medicine, Animal Resources and BioSecurity

College of Vet Medicine, Animal Resources and BioSecurity

  1. Mr. Omoit Elvis

Reg. No: 16/U/1044

Bachelor of Conservation Forestry and Production Technology

School of Forestry, Environmental and Geographical Sciences

College of Agricultural and Environmental Sciences

  1. Mr. Ayebazibwe Edgar

Reg. No: 19/U/16266/PS

Bachelor of Development Studies

School of Liberal and Performing Arts

College of Humanities and Social Sciences

  1. Mr. Waswa Ronald

Reg. No: 16/U/1883

Bachelor of Science in Medical Radiography

School of Medicine

College of Health Sciences

  1. Mr. Bukenya Lukman

Reg. No: 2019/HD05/25263U

Master of Science in Data Communication and Software Engineering

School of Computing and Information Technology

College of Computing and Information Sciences

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The Global informal economy: Large but on the decline

By
Agencies
-
Informal traders

By Thomas F. Alexander

The informal economy, which is economic activity that falls outside the regulated economy and tax system, such as street vending or unregistered taxi drivers, is hard to measure.

People and companies engaged in the informal economy usually operate on a small scale. This means there are no official statistics on the informal or shadow economy, as it’s sometimes called, so economists need to estimate its size. Some common techniques include surveys or indirect indicators such as the demand for currency.

Our chart of the week, based on an updated version of earlier IMF research, shows that the size of the informal economy—measured as a share of GDP—has fallen gradually across all regions. While reforms to reduce informality, such as reducing the hurdles to registering a business, are working, the shift from informal to formal takes time.

The regions with the highest share of informality during 2010–17 are sub-Saharan Africa and Latin America and the Caribbean—both at 34 percent of GDP. This compares with 9 percent of GDP for North America. In the Organisation for Economic Co-operation and Development, the informal sector is equivalent to nearly 15 percent of GDP.

The informal economy is generally associated with low productivity, poverty, high unemployment, and slower economic growth. It is also more prevalent in low-income countries because as countries develop, the easier it is for workers to transition to the formal sector. At the same time, it provides employment and income to people who would otherwise not find employment, or it supplements their income from employment in the formal, regulated sector.

The challenge for policymakers is to create an environment where the formal sector can thrive while creating opportunities for people working in the informal sector to maintain or improve their living standards. Some of these measures include reducing the costs of doing business, tackling corruption, and improving access to finance and services.

This year’s topic of the seventh IMF Statistical Forum—Measuring the Informal Economy—will review the definition of “informal” and explore new technologies, such as using night lights from satellite images, to capture the true size of the informal economy. This will help policymakers better address the challenges of persistent informality.

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Former Kalaki county MP Ross Euku dead

By
Francisco Adongo
-
Simon Ross Euku

Former Kalaki County legislator Simon Ross Euku is dead.

Eagle Online has learnt Euku passed on this morning from Nansana. He suffered a brain infection and he reportedly had tumors. reports indicate he was supposed to undergo a review of his condition today but he unfortunately passed on before.

Euku, a staunch member of Uganda Peoples’ Congress (UPC) party. He represent Kalaki in Kaberamaido district  in the 7th and 8th parliament.

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Gov’t, NWSC partner to boost water supply in Nakaseke district

By
Isaiah Mwebaze
-
NWSC MD Dr. Eng. Mugisha and Vambeco CEO Haile Haile Banteyehun after signing the agreement

The Government and National Water and Sewerage Corporation (NWSC) on one sign have signed an agreement with VAMBECO ltd worth Shs9 billion for the upgrading of the water system in Kapeeka. This comes at a time when the residents of Kapeeka in Nakaseke district complained about the inadequate supply of water to their areas.

According to NWSC Managing Director D Dr. Eng. Silver Mugisha, the current water treatment plant in Kapeeka produces 2million litres of water per day which is not sufficient to meet the water supply needs of the community and the business park.

“The upgrade works when completed will boost water production to 7.5 million litres per day in support of the Government’s efforts to provide safe water for human consumption and economic development,” said Mugisha.

Although the government has a number of projects that are ongoing, this particular upgrade is unique because unlike other projects that have received funding from well-wishers and foreign governments, the kapeeka water project will solely be funded by the Ugandan Government. This marks another step towards the self-sustainability of Uganda and its progress towards middle income status.

The VAMBECO construction company is also another indigenous contractor that has been working within the East African region for over 15 years, with major projects put up within Kenya and some parts of Tanzania.

The newly commissioned project will see the volume of water supplied to residents of Kapeeka raised to 7.5 million litres per day from 2 million litres per day, said Mugisha.

“That is a timely. That place is one of the highly water stressed areas in Uganda. Last year I did a hydrological survey for an irrigation project, and could hardly find water…indeed, the people were less interested in water for agriculture, and instead asked H20 for drinking,” an official added.

NWSC Deputy MD Technical services Eng Johnson Amayo shared that the contractor Vambeco Ltd who completed phase 1 of the same project has experience of the local conditions and will complete the works within 18 months.

He added that the corporation is working to boost water supply in all business parks across the country namely; Kasese, Fort Portal, Soroti, Mbale among others.

Director Engineering services Eng. Alex Gisagara shared that the upgrade works will include;

  • Upgrade of the raw pumping main.
    •Expand the existing plant from the current 2 million liters per day capacity to 7.5 million litres per day.
    •Installation of standby Generators
    •Upgrade of existing pumps
    •Laying of 7.8 km bulk transmission main to Kapeeka industrial park
    •Construction of a new 60,000 litres reservoir
    •Upgrade of the intake
    •Development of borehole water supply system among other works.

“Currently we serve Singo army barracks, Kapeeka town, and the surrounding areas. Upon completion, we shall extend a new line to Semuto,Bukomero, Kakinga, Natooke, Masiriba, Kituuma and the surrounding areas.” Vambeco CEO Haile Haile Banteyehun pledged to complete the works on time.

“We have worked on a number of water treatment plants in Uganda and promise to deliver the project on time,” he said

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You have no justification to ask Shs47b compensation over Meera Investment properties-Mutebile tells Dfcu

By
Our Reporter
-
The Late BoU Governor Emmanuel Tumusiime-Mutebile

 

 

After losing interest in the Meera Investment Limited properties it paid at Shs10 billion, Dfcu bank is demanding for Shs47 billion compensation from the Bank of Uganda (BoU).

However, it has emerged that Dfcu bank has failed to justify the Shs47 billion after being asked by BoU to do so. For starters, BoU never valued any properties which they had gotten from Meera Investment during the closure of Crane Bank Limited.

Dfcu having been lured into the Crane bank deal by conflicted city law firms of MMAKS and Bowmans and Mpanga Advocates on one side and on other side having BoU Deputy Governor Dr. Louis Kasekende and Justine Bagyenda misled them into buying Meera Investments only at Shs10 billion without any property valuation.

However, it has now emerged that Dfcu Bank wants BoU to pay them Shs47 billion as a result of the decision to exit properties and they are basing that claim on the Purchase of Assets and Assumption of Liabilities Agreement signed between the bank and BoU on January 25, 2017.

The valuation of Meera investment properties was Shs47 billion as Dfcu bank took over CBL. Yet Dfcu bank paid BoU only Shs10 billion for the properties and has used them for almost now three years without paying rent, leading Meera Investments Limited to sue them.

The latest scenario now shows Dfcu Bank underdeclared the value of the properties as they did the valuing which BoU based on to accept Shs10 billion. Dfcu Bank should have paid more in stamp duty based on the value of the properties, which amounts to tax evasion and criminality.

Dfcu bank is demanding for the money after realising BoU is unlikely to recover the money as sighted in the agreement.

Sources say BoU Governor Emmanuel Mutebile is not willing to meet Dfcu Bank officials to resolve the matter after it transferred 48 lease titles of former Crane Bank Limited back to BoU

In August this year it emerged that the bank was misled by city Law firm Sebalu & Lule Advocates to illegally transfer title properties into its name yet the properties belong to Meera Investments Ltd even though it had leased them to Crane Bank Limited.

Sebalu & Lule Advocates who have been barred by court from representing the same bank against city tycoon Sudhir Ruparelia for being conflicted. The law firm misled Dfcu Bank to transfer freehold titles from Crane Bank Ltd during the controversial takeover in January 2017.

Also following court ruling in late August 2019 that Crane Bank (In Receivership) has no right to sue Meera Investments and Sudhir Ruparelia for Shs379 billion allegedly swindled, Dfcu bank Limited in a letter dated September 12, 2019 informed BoU of its decision to exercise its option to rescind its interest in purchasing the 48 properties pursuant to clause 8.7 of the Agreement.

As part of the rescinding of the purchase, Dfcu will return to Bank of Uganda certificates of title for Meera Investments Limited ‘and requires Bank of Uganda to pay dfcu the new book value of properties or Shs47 billion recorded in the assets and inventory compilation as October 20, 2016. But the bank interestingly had valued the properties at Shs10 billion.

Dfcu bank acquired some assets of CBL at Shs200 billion, paid in installments, without any interest on top.

Some analysts have urged that BoU gave Dfcu bank CBL assets for free even as the bank now wants to be paid Shs47 billion by BoU which depends on the taxpayer.

Dfcu’s Crane Bank take-over made it to become the second largest commercial bank in the country, with an asset base of Shs3.37 trillion, just behind the market leader Stanbic Bank that boasted of Shs3.73 trillion in assets then. It also at the same time saw an increase in the branch network from 45 to 66 branches countrywide.

“We believe that the acquisition which placed Dfcu bank amongst the top three banks in the market in terms of total assets puts the group firmly on the path to transforming from a niche bank to a universal bank,” the notice reads in part, “Overall we expect the transaction to result in enhanced value to our shareholders through superior financial performance,” Dfcu bank said in a financial statement released on August 15, 2017.

However, the latest development means Dfcu bank’s asset value has gone down given that they have given up on those wrongly acquired from CBL /Meera Investments Limited.

 

 

 

 

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