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Building Your Legacy, One Step at a Time: Ruth Akello’s Journey to Financial Security

Ruth Akello, a seasoned accountant, has spent nearly 15 years in the corporate world. Rising through the ranks, she dedicated herself to her profession, often finding her demanding schedule left little room for side gigs or other income-generating activities. As Ruth approached a significant milestone in her career, she began searching for ways to grow her money sustainably. Her quest led her to the newly launched Kuza Plan by Liberty Life Assurance Uganda, a financial product that promised more than just traditional insurance.

When Ruth first heard about the Kuza Plan, she was intrigued by its unique blend of savings and insurance. Unlike traditional life insurance policies that primarily focus on providing financial security in the event of death or disability, the Kuza Plan offered a dynamic approach to financial planning. It was designed to help individuals like Ruth not only safeguard their future but also build a lasting legacy.

Ruth Akello’s story resonates with many Ugandans. A 2023 FinScope Uganda survey found that 85% of Ugandan adults practice some form of saving, highlighting a strong national culture of financial planning. However, traditional saving methods often lack growth opportunities.

One of the most appealing aspects of the Kuza Plan is its accessibility. With a minimum investment of just 200,000 Ugandan shillings, Ruth found it easy to get started. This low entry barrier makes it an attractive option for both seasoned professionals and those new to financial planning.

The Kuza Plan combines savings with life and disability insurance, providing a robust safety net, including last rights and permanent disability benefits at no additional cost, which gave Ruth peace of mind. Unlike traditional savings plans, it offers unparalleled flexibility, allowing policyholders to cancel without penalties and guaranteeing a full return on their investment account balance, thus giving Ruth the confidence to maintain control over her savings. Its commitment to growth ensures that investments continue to grow even if premium payments stop, keeping Ruth’s financial goals on track. Additionally, the Kuza Plan’s five benefit options cater to various budgets and preferences, allowing Ruth to choose a plan that perfectly aligned with her financial aspirations and lifestyle.

Ruth’s decision to invest in the Kuza Plan was not made lightly. She thoroughly researched various options and consulted with financial advisors before making her choice. What stood out to her was the Kuza Plan’s holistic approach to financial security and growth.

Ruth’s positive experience with the Kuza Plan has inspired her to encourage others to consider this innovative financial product. Whether you’re a corporate professional like Ruth, a business owner, or someone looking to secure a brighter future for your family, the Kuza Plan offers a practical and effective solution.

For Ruth Akello, the Kuza Plan has been a game-changer, helping her build a legacy while ensuring her financial security.

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Tycoon Sudhir excites Bushenyi as Deputy Speaker Thomas Tayebwa holds thanksgiving

Business Mogul Sudhir being welcomed by Deputy Speaker Tayebwa.

There was excitement in greater Bushenyi as City tycoon Sudhir Ruparelia was welcomed at St. Karoli Lwanga Kigarama in Bitereko Mitooma District for the church opening and thanksgiving.

Sudhir who is East Africa’s richest mogul caused enthusiasm amongst guests and local people who probably saw him for first time as he alighted his 2022 Lexus Landcruiser.

Deputy Speaker Tayebwa rushed to hug and welcome Sudhir amongst other guests at St. Karoli lwanga Kigarama in Bitereko, among the invited dignitaries.

Sudhir is known for generosity and has contributed massively to charity through both his Ruparelia Foundation and at individual level.

The event was was graced by the Speaker of Parliament, Anitah Among and President Museveni who addressed the crowds arguing them focus on modern farming.                          

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Cooperatives saga: How Ggoobi ordered PS Geraldine Ssali to pay Cooperatives

Ramathan Ggoobi PSST.

The ongoing crackdown on the alleged misuse of the money meant for cooperatives has taken a twist with the latest information showing that the Permanent Secretary Ministry of Finance and Secretary to the Treasury Ramathan Ggoobi ordered the Ministry of Trade Permanent Secretary Geraldine Ssali to process payment of some cooperatives.

Ms Geraldine Ssali who was arrested and incarcerated in Luzira Prison was under pressure from the politicians and the Ps Ggoobi to process payment of some cooperatives.  

According to these letters seen by Eagle Online, Goobi told Ms Ssali to process the payments of North Bukeddi Cooperative Union, South Bukedi Cooperative Union and West Acholi Cooperative Union Limited.

Some of these Cooperatives like South Bukedi received money when they were not verified. It’s not clear why Mr Ggoobi would tell or tell a Permanent Secretary to make such payments.

Ggoobi, who is the supervisor of other Permanent Secretaries, told Ssali in one of the letters dated January 13, 2023 told her to pay South Bukedi Cooperative Union Shs2 billion.

According to sources, it was irregular for Ggoobi to tell Ssali to pay the money because it’s supposed to be to her to initiate the process since the cooperatives are under the Ministry of Trade, Industry and Cooperatives.

“The purpose of this letter is twofold; to forward this for further management and advise you to prioritize compensation of the verified Cooperatives Unions within the resources available to the ministry,” Goobi wrote.

Ggoobi’s letter came after South Bukedi Cooperative Union Chairman and Member of Parliament Tororo North County Geoffrey Ekenya requested for the payment.

According to the Parliamentary Committee on Trade report, South Bukedi received shs500m without verification.

MP Ekanya had earlier written to Ggoobi on January 2, 2023, saying that their cooperative had not received any money for compensation.

“The Union has a war debt of claim however, to this date, it has not received any payment whereas all cooperative unions have received part payment…” Ekanya wrote.

In another letter dated September 22, 2022, Ggoobi wrote Ssali telling her to process the payment of the West Acholi Cooperative Union.

In another letter dated August 1, 2022, Ggoobi wrote to Ssali telling her to handle and manage” the request by North Bukedi Cooperative Union.

“Given that your Ministry is responsible for Cooperatives’ registration, licensing and regulation in addition to compensation of claims due to them, it is recommended that the request from NBCU be forwarded to you for further management,” Ggoobi wrote.

Ssali has been temporarily replaced by Alex Kakooza at the Ministry of Trade for the work to continue as she waits for her bail application.  

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UCC unveils task force to drive adoption of artificial intelligence in communications sector

Mr Nyombi

The Uganda Communications Commission (UCC) has launched an Artificial Intelligence (AI) Task Force to drive the adoption of AI in the communications sector. The task force, unveiled by Dr. Dorothy Okello, Chairperson of the UCC Board, aims to develop a comprehensive framework for integrating AI into Uganda’s communications industry.

The 17-member committee, chaired by Michael Bamwesigye, comprises experts from the IT and academic sectors, including Ronald Bakakimpa, Geoffrey Sengendo, Eng. Rebecca Mayanja, Joseph Kizito, Arnold Mujuni, Rebecca Mukite, Meddy Kaggwa, Prof. Jude Lubega, Dr. Drake Mirembe, Dr. Joyce Nakatamba Nabende, Dr. Hillary Kasedde, and Dr. Seith Mugume. Dr. Abudu-Sallam Waiswa, UCC’s head of legal, will provide legal counsel advisory to the committee.

The task force will focus on technical aspects, including investigating the latest AI technologies, assessing infrastructure requirements, and addressing data management practices and cybersecurity measures. They will also review existing laws and regulations related to AI, identify gaps and challenges, and explore ethical considerations and international best practices.

In addition, the task force will evaluate consumer awareness and understanding of AI technologies, assess the impact of AI on consumer rights and privacy, and develop strategies to protect consumers. They will also analyze the economic impact of AI on job creation, productivity, and overall economic growth, identify educational needs, and encourage innovation and entrepreneurship in AI-related fields.

According to Nyombi Thembo, UCC Executive Director, “AI has the potential to transform many operational aspects of our lives. However, we in Uganda have been relatively quiet about AI, despite its growing global significance. As a regulator, we recognize the importance of catching up.”

The benefits of AI adoption in Uganda include improved efficiency and productivity in various industries, enhanced customer experience and service delivery, increased innovation and competitiveness, and job creation and economic growth. However, there are also alleged challenges associated with AI adoption, including job displacement and unemployment, cybersecurity risks and data privacy concerns, and ethical considerations and potential biases in AI decision-making.

Michael Bamwesigye, Chairman of the AI Task Force Committee, emphasized the need for a balanced approach.

He said, “We must passionately pursue AI, exploring both its opportunities and challenges. Our goal is to develop a comprehensive framework that addresses these challenges and ensures that AI adoption benefits all Ugandans.”

The task force has been given 90 days to develop a concept note that will inform the UCC’s advisory to the government on AI adoption and utilization. With the launch of this task force, Uganda takes a significant step towards harnessing the potential of AI to drive innovation and growth in the communications sector.

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High Commissioner-Designate of Kenya to Uganda presents letters of credence

Joash Arthur Maangi, the High Commissioner-designate of Kenya to Uganda, has presented copies of his Letters of Credence to John Mulimba, Uganda’s Minister of State for Foreign Affairs in charge of Regional Affairs at the Ministry of Foreign Affairs.

John Mulimba warmly welcomed Maangi, expressing Uganda’s commitment to further strengthening the bilateral ties that have been nurtured over many years. He emphasized the mutual respect and cooperation that define the relationship between the two countries and expressed Uganda’s readiness to explore new avenues of collaboration in areas of mutual interest.

Maangi conveyed warm greetings from President William Ruto and the people of Kenya, reaffirming Kenya’s dedication to enhancing diplomatic and economic relations with Uganda. He underscored the importance of continued economic and diplomatic cooperation in addressing regional and global challenges, promoting peace, security, and sustainable development.

He noted that Uganda is Kenya’s biggest trading partner, with a significant portion of Kenya’s food and fresh fruits coming from Uganda. He also mentioned the privilege of being posted to Uganda and highlighted key areas of cooperation, including addressing cross-border conflicts in the Turkana and Karamoja regions. Additionally, Maangi informed that President Ruto is considering increasing the number of One Stop Border Posts from two to further ease trade between the two countries.

Minister Mulimba assured Maangi of the Ministry’s full support during his tenure and expressed optimism that his appointment would usher in a new chapter of robust and dynamic relations between Kenya and Uganda. He called for a shift in the East African Community Integration from the summit level to people-to-people integration to realise actual economic and social benefits.

The presentation of the Letters of Credence marks a significant step in fortifying the ties between Kenya and Uganda, reflecting a shared vision of progress and prosperity.

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Judiciary launches Alternative Dispute Resolution week to resolve pending cases

In a bid to reduce the growing backlog of cases in the judicial system, the Judiciary has announced an Alternative Dispute Resolution (ADR) Week dubbed Settlement Week, set to take place from August 5th to August 9th, 2024.

This initiative aims to resolve pending cases through Mediation and Negotiation, promoting a more efficient and people-centred justice system.

The participating courts include the Court of Appeal/Constitutional Court, Land, Commercial, Civil, and Family Divisions, Mukono High Court Circuit, as well as Mengo and Makindye Chief Magistrates Courts.

Addressing the media at the Judiciary Headquarters in Kampala, Court of Appeal Justice Geoffrey Kiryabwire, accompanied by Registrar High Court, HW Rosemary Bareebe, highlighted the importance of the ADR Week in resolving pending cases and reducing the backlog in the Judiciary system.

Justice Kiryabwire emphasized that the ADR Week provides a platform for parties to resolve disputes through Mediation and Negotiation, thereby reducing the need for lengthy and costly litigation.

He added, “The ADR Week is a new initiative aimed at making the justice system more people-centred and efficient,” said Justice Kiryabwire.

“We want to resolve disputes quickly and efficiently, reducing the time and resources spent on litigation.”

Justice Kiryabwire also noted that the Judiciary has been addressing concerns over low disposal rates and delays in case handling, in order to serve justice more efficiently and effectively. He observed that participation in the ADR Week is voluntary and encouraged parties to express interest, adding that some cases though have been selected by the courts for Mediation.

He said that the Judiciary has trained 75 court-accredited mediators to assist in the settlement process.

Justice Kiryabwire highlighted that even if Mediation fails, there are resources available to help parties negotiate and settle disputes. He emphasized that this approach is not new but rather a scaled-up version of traditional practices in Africa, now being implemented at a national level.

He also drew attention to other ADR mechanisms, such as Plea Bargaining, which have proven effective in reducing the time individuals spend on remand and improving the efficiency of the criminal justice system. He added that the aim is now to extend these benefits to civil cases, where conflicts often arise from everyday interactions.

Justice Kiryabwire pointed out that Mediation offers a win-win situation, unlike litigation, which usually results in a winner and a loser. He added that it also allows parties to negotiate solutions to their disputes, leading to higher satisfaction rates compared to court judgments.

HW Bareebe, representing the Chief Registrar, outlined the roadmap for the upcoming ADR Week. She noted that Registrars in the participating courts are currently identifying cases for the ADR Week and allocating them to Judicial Officers and accredited mediators for handling.

She noted that as part of the preparations, the ADR Committee will, before the commencement of the ADR Week, assess the readiness of the participating courts.

Adding that there will also be a meeting led by the Deputy Chief Justice (DCJ) with Justices, Judges, Registrars, and Court-accredited mediators to ensure the process is synchronized and harmonized.

Additionally, the DCJ will meet with the President of the Uganda Law Society and his executive to involve them in the process.

HW Bareebe also informed the public that after the ADR Week, the ADR Committee will evaluate the process and its effectiveness.

She urged advocates and the media to spread the word and encouraged willing litigants to participate emphasizing that this is a voluntary process and that participation is open to all, including those outside the participating courts.

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Kakooza replaces Trade PS Ssali in Acting Capacity

The Former Education Ministry Permanent Secretary, Alex Kakooza has been appointed in the acting capacity as Trade Permanent Secretary, replacing Geraldine Ssali who was stealthily arrested by the Anti-Corruption Court for allegedly causing financial loss and colluding with Members of Parliament to embezzle cooperative societies’ funds.

In a letter, dated 25th, July 2024, the trade ministry Under Secretary, Alfred Ayo Andima revealed that the Minister, Mwebesa Francis instructed him to invite Kakooza in the boardroom with the purpose of introducing and welcoming him as the Acting Permanent Secretary of the Ministry of Trade.

Present in the meeting were; Francis Mwebesa, the Minister of Trade, the Ministers of State, undersecretaries, directors and commissioners of the Ministry.

Kakooza served as the Permanent Secretary at the Ministry of Education up to 2021 and later transferred to the President’s office as Principal Private Secretary to the President.

Geraldine Ssali was charged on July 18, 2024, by the Anti-Corruption Court for allegedly causing financial loss and colluding with Members of Parliament to embezzle cooperative societies’ funds and remanded to Luzira Prison together with Michael Mawanda of Igara East, Ignatius Mudimi of Elgon county and Paul Akamba of Busiki county.

Ssali has been battling with the top management at the ministry with several accusations which saw her being suspended in October, 2023, by the Secretary to the Treasury, Ramathan Ggoobi, while serving as the Ministry’s accounting officer on the recommendations of a Parliament inquiry over alleged acts of corruption at the Ministry.

Alex Kakooza
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The fight against corruption is in my hands, I just need evidence to take action – Museveni vows

President Museveni.

President Yoweri Museveni has vowed that the fight against corruption is in his hands and just waiting for evidence and action will be taken in crashing the culprits.

He however, urged the youths not to demonstrate, citing funding from foreign opportunists.

“The fight against corruption is in my hands. I just need evidence and action will be taken,” Museveni said.

However, Museveni has severally cited the accounting officers and those doing procurement jobs as the ring-leaders of corruption since they are the guardians of government money.

Museveni noted that Tuesday’s demonstration had two bad elements, one of which was funding from foreign sources that are always meddling in the internal affairs of Africa for the last 600 years ─ slave trade, colonialism, neo-colonialism, genocide, economic exploitation, etc.

“All those involved in the demonstration should know that Uganda is not a neo-colony where those shallow schemes can be deployed,” Museveni said.

He added that the second element was that some of the authors and participants of the demonstrations were planning very bad things against the people of Uganda. Those very bad things will come out in court when those arrested are being tried. It is possible that some of the participants did not know of the planned foreign funding and the planned bad things.

Museveni cautioned that the demonstrators would have listened to the police advice, not to go on with the demonstration though they rubbished the police advice.

He further noted that if the demonstration was a patriotic, anti-corruption, peaceful move, coordinated with the Police, he would have been the first to join.

Museveni reiterated that planners of Tuesday’s demonstration, however, were not bothered with such issues and yet he had politely advised them a few days ago, in the address to the Nation.

“They, obviously, thought that my advice was of no consequence. Please, Ugandans avoid these mistake makers. The evidence in court will shock many. As I said, above, the planners of these demonstrations wanted to do very bad things. The charge by the Police of “idle and disorderly”, I suspect, was used because the deployed personnel did not have all the information. This was a high-quality, intelligence-led operation. I have most of the information,” he said.

He also related to the 20219 march against corruption organized by Edith Nakalema in coordination with police and other security agencies which was peaceful and successful.

“Indeed, in the year 2019, Nakalema organized us and we marched from the city Square through Kampala Road to Jinja Road and went to Kololo. So many people were there- Bishops, Soldiers, Wanainchi, etc. I thought that Nakalema had timed a Sunday because there was neither traffic, nor pedestrians on the road. Nakalema has now told me that it was a Wednesday, the 4th of December, 2019, but that they had organized with the police to block traffic for some hours,” he said.

He has directed Nakalema to co-ordinate with the genuine anti-corruption fighters for a similar effort, especially on a Sunday.

He advised that the heavily populated suburbs of the cities – Kawempe, Bwaise, etc. should never be used for demonstration, because they will damage the little wealth creation that the people are painstakingly building up and Kololo ceremonial grounds, is being repaired now but when the work is finished, Nakalema should organize and assured that he will be there.

“However, those being funded by foreigners, should stop and report to the Minister of State for Ethics, those that have been funding them. We shall not arrest them. In any case, we know a lot about the goings on in those groups. Our interest is to immunize Uganda against the schemes of the imperialists and their agents,” he urged.

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Financial institutions urged to be vigilant in detecting fraud

The Uganda Bankers’ Association (UBA) has urged financial institutions to remain vigilant in detecting fraud and promoting an anti-fraud environment while at the 2nd Financial Fraud Forum 2024 at Mestil Hotel.

Dr. Michael Atingi-Ego, Deputy Governor of the Bank of Uganda, stressed the importance of proactive measures beyond system fraud detection, including due diligence on customers and employees.

“Financial institutions must remain proactive in detecting fraud avenues and narrowing such opportunities. The proactiveness should not be limited to system fraud detection but should include constant customer and employee due diligence especially for employees moving from one institution to another,” he said.

He also emphasized the need for financial institutions to invest in awareness and education for the public on anti-fraud information. “Financial sectors players should invest in educating and empowering customers and the public with relevant anti-fraud information,” he added.

The forum, themed “Collaboration Against Fraud Targeting the Banking and Payment Services Ecosystem: Building Resilience for Today, Tomorrow, and Beyond,” highlighted the need for stakeholders to join forces against fraud, which poses a significant threat to the stability and integrity of Uganda’s banking and financial services sector.

Julius Kakeeto, UBA Chairman, noted that inadequate collaboration between financial institutions, stakeholders, and law enforcement agencies has contributed to the growth of fraud.

“Fraud poses a significant threat to the stability and integrity of Uganda’s banking and financial services sector. As fraudulent activities continue to evolve and become increasingly sophisticated, it is imperative for key stakeholders to regularly come together to confront this challenge,” he said.

He also disclosed plans to enhance the technological, regulatory, and legal frameworks to empower stakeholders with the necessary tools to combat fraud effectively.

“This forum will focus on strengthening the technological, regulatory and legal frameworks to equip financial sector players and supporting law enforcement agencies in building resilience to deter perpetrators of fraud through very stiff and punitive consequence management,” he said.

Justice Flavian Zeija, Principal Judge of Uganda, advised financial institutions to invest in modern technologies and train stakeholders in evidence gathering and management.

“In order to intensify the fight against corruption, financial institutions should interest themselves in investing in good modern technologies. Training of stakeholders in proper evidence gathering, evidence preservation and management for adjudication of bank fraud cases in view of technological developments,” he said.

He also emphasized the need for consistent awareness-raising among stakeholders and customers about fraud risks and prevention measures.

“Regular sensitization of stakeholders and customers on existing risks and how they can be prevented,” he added.

Nyombi Tembo, Executive Director of UCC, reiterated the importance of collaboration in building resilience against fraud. “Through collaboration, we can build resilience, because we are in a race against time, the fraudsters are not sleeping. We should be awake all the time,” he said.

The forum was organized by UBA in collaboration with UCC and VISA, bringing together stakeholders to address the evolving threat of fraud in the financial services sector.

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Human Rights Watch calls for the release of protesters and respect for the right to peaceful assembly

Human Rights Watch has called for the release of the nabbed and remanded protesters in Kampala.

On Monday, joint security forces of the police and the army arrested and cracked a whip on the stage protesters against the speaker of parliament, Anita Among. One is accused of corruption.

The protesters’ demands include the resignation of Speaker of Parliament Anita Among, who had in February been named alongside other parliamentarians in a corruption exposé published on social media, and for the salaries of Ugandan parliamentarians, among the highest-paid in the world, to be reduced.

The protest, partially inspired by recent youth-led protests in neighbouring Kenya, saw participation from young Ugandans who had mobilised online.

On July 23, police in Uganda’s capital, Kampala, detained at least 50 people protesting widespread corruption in the government.

According to Oryem Nyeko, Senior Researcher, Africa Division for Human Rights Watch, the police have continued to arrest young people connected to the protests, including three on Wednesday as they were attempting to hold a press conference.

The day before the protest, one of the participants, Praise Aloikin, said, “We know we will be met with resistance from the government. But we hope this will normalise Ugandans to exercise their right to protest.” Aloikin was among those arrested on Tuesday and remanded to prison.

He said the police said they had attempted to “dissuade the organisers” during a meeting on July 18. Aloikin, who attended that meeting, said the officials “just tried to create fear in us” and asked them: “Didn’t you see people die [in Kenya]?” Two days before the scheduled protests, Uganda’s president Yoweri Museveni threatened protesters, saying they were “playing with fire.”

Ugandan authorities have regularly cracked down on activists, political opposition members, and human rights defenders daring to voice concerns about issues like oil sector development and police brutality.

This latest crackdown on protesters is a blatant violation of the rights to peaceful assembly and free speech, guaranteed in Uganda’s constitution and international law, and is indicative of the authorities’ intolerance towards dissent.

The Ugandan authorities should drop the charges against these activists and instead listen to the concerns they are raising.

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