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Just over six months after replacing Juma Kisaame as the Chief Executive Officer (CEO) of Dfcu bank, sources say Mathias Katamba is now poised to join Centenary Bank as Managing Director, replacing Fabian Kasi. Katamba officially joined Dfcu bank on January 2, 2019, following the departure of Kisaame whose leadership would see the bank involved in the scandalous acquisition of its rivals, Crane Bank Limited (GTBU) and Global Trust Bank Uganda (GTBU) in 2017 and 2014 respectively, after the Bank of Uganda BoU controversially closed and offered them for sale. Katamba joined Dfcu bank from Housing Finance Bank but sources within Dfcu bank say he has not had a good working relationship with the top managers he found there. Among them is Chief of Business and Executive Director, William Sekabembe who had declined to join KCB Uganda as MD on anticipation that he would replace Kisaame. It is also said Katamba’s working relationship with Dfcu bank Chairman Jimmy Mugerwa is not good either. In May this year, it was rumoured that Sekabembe was contemplating leaving Dfcu bank after he was denied chance to become its top chief executive as earlier promised by the Board of Directors. While announcing the appointment of Katamba in January Dfcu Chairman Elly Karuhanga said then that: “We look forward to his (Katamba) taking the helm at Dfcu and believe he is well placed to continue the progress of the bank, building on the successes of his predecessor to the benefit of all stakeholders, contributing to the very important business sector in which Dfcu operates and to the growth of the Uganda economy as a whole.” Katamba has 15 years’ experience in the Finance & Banking sector, 12 of which have been at C-Suite level. With vast expertise in Strategic Management & Investor relations, Retail Banking and strong business acumen, Mathias holds an M.Sc. in Financial Management from the University of London, has also attended the John F. Kennedy School of Education at Harvard University and the Advanced Leadership Program at the University of Pennsylvania. Dfcu is also in the limelight and is being investigated by police for internal hacking which some sources allege was internal money laundering among the top executives.
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Mathias Katamba rumoured to be on his way to Centenary Bank as MD
Getting funds to workers on front line is critical to ending the Ebola outbreak
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By David Malpass
In the last few weeks, the latest Ebola crisis has reached a tipping point. The World Health Organization (WHO) declared a Public Health Emergency of International Concern on July 17, and the World Bank has committed an additional $300 million in resources to the frontlines in the fight against the outbreak. The current epidemic of this deadly virus, which began in the Democratic Republic of the Congo (DRC) one year ago this week, is the 10th grim outbreak the country has faced in the last four decades. More than 1,600 people have died over the last 12 months. Five years ago, more than 11,000 people died during another West Africa outbreak. The numbers alone are staggering, with each death representing lives cut short and families mourning loved ones. In this latest emergency, the World Bank has been working with the government and the people of DRC, international partners, and non-governmental organizations to tackle the problem. A central challenge is getting financing to the heroic health workers from the DRC, UN, WHO, and other organizations working on the front lines to contain and eradicate the disease. They are working in fragile and conflict-affected conditions where there is often a distrust of government and a lack of social cohesion and security. Our additional $300 million in aid is financed largely through IDA, our fund for the poorest countries, to help DRC respond to the crisis and return to a more durable development path. It expands the $80 million already disbursed from IDA’s contingency crisis mechanisms. The funds help support the most immediate requirements: establishing Ebola treatment centers; supporting frontline health workers with hazard pay; setting up handwashing stations to help curtail transmission; and financing mobile laboratories, case-tracking teams to trace the disease, and decontamination teams to ensure that outbreak areas can be made safe again. But this outbreak risks escalating and remains a dangerous threat to the people of eastern DRC, and beyond. I see four areas of urgent action that can, if done right, fight this epidemic effectively. First, we need to direct money and support where it is needed most: to the health workers and frontline responders. We are working to ensure that World Bank funding quickly makes it to the front lines, and we urge other funders to join us and help close funding gaps. Second, we must go beyond health. One of the lessons from the 2014 Ebola outbreak is that fighting a pandemic is not only about building more hospitals or hiring more doctors and nurses. It is about supporting communities by improving education, fostering behavior change, broadening social services, and creating jobs. A significant portion of the World Bank’s new funding will, therefore, expand access to social services with the goal of creating 50,000 jobs over the next year through cash-for-work programs. This funding has the triple benefit of bringing critical income to distressed households, improving local infrastructure, and building trust in communities. Third, resources should get the most value-for-money, including financial accountability. We are supporting the government of the DRC and international partners to ensure that the basic financial systems are in place to assess needs and marshal resources efficiently and effectively. Lastly, we need to redouble our efforts to address the underlying sources of fragility and poverty. Disease outbreaks may always occur, but they are exacerbated by conditions such as weak institutions and economies; poverty; lack of resources; or an inadequate response. We are focused on containing this outbreak and expediting the road to recovery, and we are also working on tackling the enduring development challenges that made parts of the DRC vulnerable to outbreaks in the first place. The World Bank will continue working with WHO and other organizations to direct resources to the people battling this epidemic and to the communities that need the most support. We remain on the ground in DRC, are committed as a long-term partner, and will keep working in other countries where an Ebola outbreak may strike. The prospects for so many depend on bringing this latest outbreak to a timely end, and it will take an organized, well-financed, multinational effort to succeed.
The writer is the President of the World Bank Group.
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Kadaga calls for removal of visas across Africa
The Speaker of Parliament, Rebecca Kadaga, has called on African countries to abolish the issuance of visas to enable free movement of people across the continent.
The free movement of persons, according to Kadaga, will facilitate Africans to ply their trade across the continent which is a prospective market.
Reacting to the resolutions reached at the closure of the 10th Conference of Speakers of African Parliaments and Senates at the Pan-African Parliament in Midrand, South Africa on Wednesday, 7 August 2019, Kadaga emphasized that Africans needed visa free restrictions as opposed to having a standard African passport to facilitate the free movement of people within the continent.
“What we want is a removal of the visa instead of the issuance of the African passport. I am a senior person in my country and I do not even have the African passport and also do not know any person with it,” Kadaga said.
The Speaker added that free movement of people would improve continental trade resulting into equitable development on the continent. She called on the African Heads of State to urgently address the issue of visas.
Kadaga also questioned the existence of multiple regional economic blocs on the continent and said they are hampering the work of legislators who are trying to open Africa to its people.
“I am actually surprised that even the African Union, which is the executive body of this continent, is trying to create the Horn of Africa as another regional bloc and yet many of these countries are already part of the existing blocs,” she said.
She also noted that countries are expected to pay subscription to the numerous regional blocs they may belong to thus becoming a burden to the national purse of the respective countries.
The Pan-African Parliament (PAP) is one of the organs of the African Union (AU) as set out by the Treaty Establishing the African Economic Community (Abuja Treaty).The Parliament is intended as a platform for people from all African states to be involved in discussions and decision-making on the problems and challenges facing the continent.
Esperance declared African champions after legal battle
Tunisia’s Esperance were declared winners of the African Champions League by CAF on Wednesday following a long legal battle after Wydad Casablanca stormed off in protest during the second leg of the final in May.
Wydad “is considered to have lost the game”, African football’s governing body said in a statement.
The Moroccan side walked off an hour into the return leg in Tunis after a VAR malfunction meant a disallowed equaliser could not be reviewed.
“The decision means Esperance are champions,” a CAF source told AFP under the condition of anonymity.
Wydad were issued a fine of $20,000 for abandoning the match and another $15,000 for the use of flares by supporters.
Esperance, who retained their title won in 2018, were fined $50,000 over the use of smoke bombs and projectiles. They were ordered to play two matches behind closed doors — a punishment suspended for 12 months.
Esperance president Mohamed Meddeb was also fined $20,000 for unsporting behaviour towards CAF chief Ahmad Ahmad.
CAF had called for the second leg to be replayed at a neutral venue, but that decision was overruled last week by the Court of Arbitration for Sport (CAS).
Esperance, who led 2-1 overall at the time, were initially handed the title, but CAF later backtracked after ruling that “playing and security conditions were not met”. Both clubs subsequently lodged appeals with CAS.
“Justice has been done,” Esperance secretary general Farouk Kattou told AFP. “It’s a fully deserved title. It’s taken two months but finally we have it.”
The fiasco prompted CAF to reduce both the Champions League and Confederation Cup finals from two legs to one match at a neutral venue from next season.
Finance Minister Kasaija takes responsibility over mess in Custodian Board
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Finance Minister Matia Kasaija has taken the blame for the mess that saw departed Asians properties that were fully compensated for by government end up in hands of individuals and companies. Kasaija who is also the Chairman of the Departed Asians Properties Custodian Board (DAPCB) was on Thursday appearing before select task force of the parliamentary Committee on Commission, Statutory Authorities and State Enterprises (COSASE). He said he takes full responsibility for the mess but also admitted it was wrong for him to occupy two public offices at ago, even though he said he was appointed by President Museveni. “I will seek guidance from the Attorney General William Byaruhanga on this matter and report back to this committee,” Kasaija said. The committee members also asked Kasaija to explain why Byaruhanga is always absent in the custodian board meetings. The probe started after the Board chaired by Kasaija claimed that unspecified amount of money was paid to undisclosed claimants for properties which were sold by the Board prior to receiving repossession claims by original owners. The MPs have asked the Board to publish a list of the beneficiaries to confirm whether they did not pay ghost claimants. While appearing before COSASE days ago, the executive secretary of the Departed Asians Property Custodian Board (DAPCB), George William Bizibu, admitted the accountability queries when questioned by MPs. During the interface with the MPs, Bizibu who has been at the helm of the DAPCB for about two years said the board does not have information on the current ownership of several plots despite the records indicating that they were compensated by the government. However, the MPs accused Bizibu of trying to cover up senior government officials accused of grabbing the Asian’s properties. The composition of the board has become a matter of public scrutiny. The Board members include Kasaija, Lands Minister Betty Amongi, Attorney General William Byaruhanga, State Minister for Local Government Jenifer Namuyangu, State Minister for Industry and Cooperatives, Michael Werikhe, Gen Salim Saleh who is a “co-opted member”. Section 5 (1) of the Assets of the Departed Asians Act requires the board to sit at least once every month. However, it has emerged that failure by the board members to meet has over the years encouraged fraud at DAPCB where hundreds of properties have been stolen. An Auditor General’s report has raised accountability queries at the Custodian Board such as theft of public funds through fictitious compensations of up to Shs1.7 billion, double allocation of properties, forged land titles, sale of assets without proper valuation, missing documents among other illegalities. The February 2011-March 2016 report of the Auditor General, John Muwanga, revealed that the Board chaired by the Finance Minister failed to maintain proper books of account and annual financial statements were not prepared. In the result, it took Auditor General 15 years to audit the Custodian Board activities. In the process, billions of shillings in taxpayers’ money was misappropriated. The Auditor General’s report for instance, shows that Shs50.2m cash was not banked and lacked accountability documents at the time of the audit. Another Shs15.2m was receipted as cash received but could not be traced in the bank statement. Also, about Shs500m was spent directly from the collection account without the authority of the Board. “It was also noted that Shs292.3 million was withdrawn from the bank without explanation as to the nature and purpose of the payments… these actions are not in accordance with best practices in financial management… [inquiry into the use of these funds should be instituted],” the AG report reads in part. Meanwhile on Thursday also discovered that troubled Bizibu has not been formally appointed to that job. The legislators plan to have Kasajia explain why Bizibu, who has had trouble explaining audit queries that have ruined operations DAPCB is working without a formal appointment. “Mr Bizibu is in office illegally,” MPs said.
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Travelport reveals global trends in flight bookings ahead of Hajj 2019
Advanced flight bookings to airports around the holy city of Mecca ahead of this year’s Hajj have increased from Asia, Europe and Oceania, according to research by Travelport, a leading technology company serving the global travel industry. Bookings from North America are flat on last year and travel from South America and Africa is slightly down on 2018 numbers.
Every year, in excess of one million people from all over the world fly into western Saudi Arabia to perform Hajj, making it one of the largest annual spikes in global air traffic. To manage numbers from overseas, Saudi Arabia sets quotas for countries based on their Muslim population. Local governments and licensed private travel companies then begin allocating places for citizens.
As part of its study, Travelport analyzed bookings made through all global distribution systems (GDS) to King Abdulaziz International Airport, Ta’if Regional Airport and Prince Mohammed Bin Abdulaziz International Airport, as of Tuesday 21 July 2019, arriving from Tuesday 9 July 2019 to Thursday 8 August 2019. The company then ran comparable data for last year’s Hajj, so trends could be identified.
Damian Hickey, Global Vice President and Global Head of Air Travel Partners at Travelport, said: “There are many things that influence the decision to travel, especially when it comes to something as personal as performing the Hajj. For some, economic conditions and increased allocations from the government in Saudi Arabia could make this year the ideal time for this once-in-a-lifetime opportunity. Others may be looking at their situation and thinking that it might be better to wait; this diversity of push and pull factors was certainly evident in the travel trends that we’ve seen around the globe.”
Africa
According to Travelport’s analysis of available data*, flight bookings made via GDS to airports around Mecca from Africa were down by 17 per cent this year. This was largely due to a decrease in the number of bookings made in Egypt (-17 per cent). However, the North African country did still record the greatest number of flight bookings through a GDS out of any country globally (49,477).
Morocco experienced the greatest growth in Africa this year by volume, with an increase of 1,078 bookings (+34 per cent) following a letter from monarch, King Mohammed VI, urging the nation’s pilgrims to positively represent the country at Hajj this year. [2]
In percentage terms, the fastest-growing market was Cameroon with an over 12-fold increase in bookings (up by 503; +1143 per cent).
Notable increases were also seen in Niger (bookings up 870; +110 per cent), South Africa (bookings up 674; +33 per cent) Nigeria (bookings up 520; +21 per cent), Uganda (bookings up 222; +383 per cent), Gambia (bookings up 159; +289 per cent), Kenya (bookings up 151; +33 per cent), and Gabon (bookings up 149; +784 per cent).
Overall, bookings made in Africa represented 20 per cent of total bookings globally.
Asia
Asia recorded the greatest growth in flight bookings made through GDS to airports around Mecca this year in terms of volume, with bookings up by 11,284 (+5 per cent).
On a country level, the greatest growth came from Bangladesh, with bookings up by 13,906 (+171 per cent). The South Asian country is one of five countries (Bangladesh, Indonesia, Pakistan, Malaysia and Tunisia) benefiting from the Mecca Route initiative, a new service offering immigration pre-clearance for pilgrims at their points of embarkation.
The United Arab Emirates recorded the second highest rise, up 3,981 (+17 per cent); followed by Qatar, up 3,278 (+217 per cent), a country where pilgrims can now register for their Hajj using dedicated ‘electronic gates’.
Hickey added: “In recent years we have seen an increase in efforts to introduce policies and technologies that make the Hajj, which has often been compared to hosting an Olympics Games each year, a more convenient experience for the global Islamic community. Our analysis suggests that these initiatives may well be having a tangible impact, which is encouraging from a technological standpoint.”
The greatest number of flight bookings made through GDS in Asia were made in India (44,611).
Overall, bookings made in Asia represented 64% of total bookings globally.
Europe
Europe was shown in the analysis to have recorded the second greatest growth in flight booking volume through GDS to airports around Mecca this year, with bookings up by 1,966 (+6 per cent).
The greatest growth and greatest volume of bookings were registered in the United Kingdom, which was up by 2,237 (+13 per cent) to 19,798, though this does represent a slowdown in the 47 per cent growth seen in 2018. The second and third greatest increases in the region were all recorded off low bases fromBosnia and Herzegovina, up 562 (+173 per cent), and Sweden, up 310 (+168 per cent).
Unlike Muslim-majority nations, countries with a minority Muslim population in the West are not subject to the same Hajj quota of 1,000 pilgrims per million of population.
Overall bookings made in Europe represented 10 per cent of total bookings globally.
The Americas
Advanced flight bookings from North America made through GDS to airports around Mecca were flat this year (bookings up by 221; +1 per cent). The country that saw the greatest surge was Canada, with bookings up by 1,362 (+39 per cent). The largest number of bookings were once again made in the United States (15,854).
South America saw a drop in flight bookings through GDS this year, with volume down 27 per cent, albeit off a low base. The country with the most bookings was Brazil (52 bookings). An estimated 200 Brazilians are expected to travel to perform Hajj this year.
Overall, bookings made in the Americas represented 6 per cent of total bookings globally.
Oceania
Flight bookings made through GDS to airports around Mecca from Oceana were up 1,705 (+204 per cent) this year. The rise can be attributed to a jump in bookings from Australia, up 238 per cent to 2,344, from 1,650 in the previous year, while at least 200 pilgrims have been invited to participate in Hajj from New Zealand.
Overall, bookings made in Oceana represented less than 1 per cent of total bookings globally.
MTN Group raises dividend as H1 service revenue grows 9.7%
African mobile operator MTN reported service revenue up 9.7 percent at constant currency rates to ZAR 67.9 billion in the first half of 2019, whileEarnings before interest, tax, depreciation and amortization (EBITDA) expanded by 10.2 percent to ZAR 31.2 billion. MTN said it had strong subscriber growth of 7.7 million during the period to reach a total of 240 million subscribers at the end of June.
Total revenue rose 15.5 percent on a reported basis to ZAR 72.5 billion. Operating profit jumped to ZAR 15.3 billion from ZAR 10.8 billion a year ago, while net profit was stable at ZAR 4.4 billion. Headline earnings per share fell to 195 cents from 215 cents per share a year ago, hurt by a number of charges for currency effects and financial transactions.
MTN said the net debt to EBITDA ratio was stable at 2.3x, and capex intensity dropped further to 16.9 percent. The group proposed an interim dividend of ZAR 1.95 per share, up from ZAR 1.75 a year ago.
Organic service revenue growth was led by a 12.2 per cent increase at MTN Nigeria and 18.7 per cent growth at MTN Ghana, while South Africa grew by 3.3 per cent. In South Africa, the group contended with a weak macroeconomic environment as well as the introduction of new end-user requirements and the repricing of out-of-bundle data rates. In Nigeria, economic activity was muted in the time of presidential elections and prior to the formation of the cabinet. In Iran, the rial weakened sharply after the re-imposition of US sanctions.
Following data price reductions in South Africa and Nigeria, MTN said it expects price elasticity in the second half of the year to improve data revenue growth. In the first half, data revenue rose 19.8 per cent on an organic basis. Further growth will be partially offset by lower wholesale revenue at MTN South Africa following the end of the national wholesale deal with Telkom on 28 June.
Further growth will come from the expansion of mobile money and financial services. Mobile money will launch in South Africa in the second half of the year, services will be expanded in Nigeria ahead of obtaining the full banking licence there, and a remittance service from Europe to Africa will be started. In addition, the Ayoba messaging app will expand to Nigeria, South Africa, Uganda and Liberia in the second half of the year and integrate further with its payments business, and the streaming music service will also expand to more countries.
The number of active data users grew by 3.5 million to 82 million in June, and 30-day active Mobile Money users grew by 2.4 million to 30 million. The group’s continued focus on the customer experience has seen it record brand NPS leadership across more than 50 per cent of the portfolio, with twelve markets now leading, MTN said.
Muhammad Shaban rejoins Vipers SC
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Vipers Sports Club have confirmed the signing of striker Muhammad Shaban who has been a free agent after being released by Moroccan Premier League side Raja Club Athletic Casablanca. Shaban scored 18 goals in the 2017/18 season for KCCA FC before moving to the North Africa club. He returns to his old stomping ground of Kitende where he made a name in his break-through years before moving to Onduparaka FC. Shaban was given a two year deal by the Venoms and it is believed to be between UGX130M and UGX140M in sign of fees. The 21-year-old Cranes international joined Raja Club Athletic Casablanca in 2018 where he made 7 appearances and scored one goal for the senior side. Muhammad Shaban said, “I am thrilled to be joining Vipers SC. I’m looking forward to playing in the Uganda Premier League again. I’m keen to get started and make my contribution to the team’s efforts to win more trophies.” the 2016 Ugandan Footballer of the year was quoted by the club website. Coach Edward Golola said, “Shaban is a very talented and good player. Our season last year showed us that we need options and quality to add depth to the squad upfront and Shaban is a proven marksman. I’m delighted that he accepted to join us.” The hard-working striker, who was top scorer at the 2017 COSAFA U-20 Championship, was also part of the Cranes team at the 2017 Africa Cup of Nations (AFCON) and the 2018 Africa Nations Championship (CHAN).
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Business: Addis Ababa leads Africa in hotel room rates
Addis Ababa, Ethiopia, posted Africa’s highest average daily rate (ADR), according to the most recent 12-month data from https://STR.com/. The market will play host to the Africa Hotel Investment Forum (AHIF) on 23-25 September at the Sheraton Addis.
From July 2018 through June 2019, Addis Ababa registered an absolute ADR of US$163.79 when measured in constant currency, which removes the effects of inflation. That figure was a 1.1 percent increase year over year. The next closest STR-defined markets in Africa were Accra Area, Ghana (US$160.34) and Lagos Area, Nigeria (US$132.51).
“Addis Ababa continues to maintain high ADR levels when compared internationally,” said Thomas Emanuel, a director for STR. “The city has multiple demand drivers, such as a growing economy, successful airline and its status as the diplomatic capital for Africa. Air connections and ease of access compared with other cities also factor in the equation for strong demand, which provides hoteliers with the confidence to maintain rate levels.
“With healthy performance comes interest in investment. The market’s pipeline is strong with 22 hotels and 4,820 rooms in active development. We will continue to monitor these new openings to see how the market reacts once these additional rooms open.”
Emanuel will present the latest hotel performance and development insights on the Tuesday (24 September) of AHIF.
“Hosting high-profile international meetings like AHIF is one factor that has helped Addis to maintain its position as the city with the most expensive hotel accommodation in Africa,” said Matthew Weihs, Managing Director, Bench Events(AHIF organiser). “Our delegates will be looking carefully to see if the addition of a lot more high-quality accommodation and meeting space will depress room rates or help Addis become even more attractive as a destination.”
Addis Ababa’s occupancy over the same 12-month time period was 58.4 per cent, up 6.5 per cent year over year. Cairo & Giza was the continent’s occupancy leader at 74.5 per cent. Cape Town Centre, South Africa (65.0 per cent), ranked second in the metric followed by Accra Area (59.7 per cent).
MPs clash in parliament over Uganda’s population explosion
The Members of Parliament (MPs) on Wednesday clashed during a plenary over Uganda’s fast population growth rate, with Aruu County MP Odonga Otto, urging fellow legislators in the August House to lead by example by not producing many children.
MP Otto said that some of the Ugandan youth are disadvantaged because of joblessness to the extent that some are marrying while still staying in their parents’ households.
Odonga’s submission was countered by Deputy Attorney General Mwesigwa Rukutana and MP of …who said MPs are not reckless and that they know how to apply family planning methods. He asked whether Otto was in order to insinuate that MPs produce children they cannot cater for.
Ibanda North legislator, Maj. Guma Gumisiriza on the other hand commended the fertility of Ugandan women and only prayed that there should be rationalized planning, especially to address challenges of the country’s youth who continue to graduate to world of joblessness.
He said the fertility of Ugandan women was a blessing rather than a curse to the country, urging his fellow MPs to draws an example from China that boosts of its big population numbers.
The Speaker of Parliament Rebecca Kadaga who chaired the 20th Sitting of the 4th Session was concerned that many households in the country are failing to feed, treat and educate their children, urging the responsible ministries to come up with a comprehensive statement on what the government was doing for the youth.
Kadaga however disagreed with MP Otto who claimed that government was doing nothing for the youth. She said government had initiated projects for the youth.
Members were concerned that many Ugandan graduates are involved in boda boda riding, urging that government should boost the skills development programme if the youth were to join the job market as well as creating their own jobs. They advocated for trainings in tailoring, wood work, technical drawing catering, home economics, brick-laying and others.
The leader of Opposition in Parliament Betty Aol Acan said that institutions like National Leadership Institute Kyankwanzi could be used to make Ugandan youth skillful and productive.
She said that the ministry responsible for the youth should carry out a comprehensive study that could help develop a comprehensive plan for the biggest segment of Uganda’s population.













