EAC to woo Chinese manufacturers
Nigeria journalist critical of Jonathan’s regime kidnapped
Nigerian newspaper columnist critical of former president Goodluck Jonthan’s ‘thieving’ officials was last week abducted from her home.

Cabinet should guide debate on public schools’ land
Besigye beats Muntu in FDC primaries

Namboole-Retired army Colonel and veteran Ugandan opposition figure Dr. Kizza Besigye has beaten Forum for Democratic Change party president, Maj. Gen. Mugisha Muntu in the party primaries that now endorses Besigye as the party’s flag bearer in 2016 general elections.
Dr. Besigye got 718 votes against 289 votes for Gen. Muntu. The tense race that pitted the two party leaders has finally come to an end after two months of traversing the country seeking for votes amongst their party supporters.
The campaigns had also heightened tensions within the party as the two gentlemen traded in an exchange of who is best suited to lead the FDC into the 2016.
Besigye has thrice lost to Mr Museveni in 2001, 2006 and 2011. However, on his part, Besigye insists his victory has always been rigged by his opponent President Yoweri Museveni.
The entry of Besigye into the ring for 2016 could see him compete with Mr Amama Mbabazi who is standing as independent but both are likely to face each other in the primaries of the Democratic Alliance that is seeking to endorse a single opposition candidate against Mr Museveni of the National Resistance Movement.
Besigye temporarily ‘deserts’ FDC delegates’ conference
Former Forum for Democratic Change President Col Dr Kizza Besigye temporarily left the party delegates’ conference at Mandela National Stadium, Namboole, where elections for flag bearer are scheduled to be held today.
Earlier, confusion had ensued as party President Major General Mugisha Muntu and his predecessor and challenger for the presidency under the FDC Dr Besigye, each refused to address to the delegates first, ostensibly fearing to ‘arm’ their opponent with ‘artillery pieces’ to shoot them down.
This situation was also not helped by claims that the conference had been infiltrated by non-delegates, prompting organisers to order for re-registration.
The FDC confusion today follows a live public debate on NTV between Maj Gen Muntu and Dr Besigye, where viewers assessed the oratory skills, character and temperament of the two contenders, something that could have led to today’s incredulous approach by the two men.
However, at about 3.15pm Besigye returned to the venue and by filing time the re-registration process was still underway.
Story still unfolding
Yes, moneylenders and their cahoots in the justice system should style up
Justice David Batema of the Fort Portal High Court has spoken out against the wanton arrests of civil debtors ordered by the courts and carried out on behalf of moneylenders by bailiffs or, at worst, the police.
Over the past few years, the business of moneylending has blossomed, with many unsuspecting Ugandans falling victim to the loan sharks that at times cause their arrest or confiscate the debtors’ properties.
According to Justice Batema, the law followed to imprison the civil debtors is at times abused, with the some enforcers neglecting the provision that presupposes imprisonment of civil debtors as a ‘last resort’ action.
“… the judiciary is facing a problem, especially in the lower courts, that allow moneylenders and banks to arrest civil debtors as a first resort…’, the learned Judge observed.
In effect our society has created a group of rich men and powerful institutions like banks which have preyed on the hapless borrowers’ lack of knowledge about the procedures of enforcing the payment of debts.
What is surprising is that even our Members of Parliament, some of who have persistently dodged parliamentary sessions for fear of being arrested over civil debts, have never had time to revisit the law on moneylending and how it is being applied against the civil debtors like them.
For if they had, then the country would have a more elaborate law to deal with civil debtors, with foreclosure being an imperative part of the process of recovering civil debts.
Parliament should take the cue!
Youth unemployment tops agenda at EA manufacturing business summit


“East Africa is on its way to become a regional hub for manufacturing and a gate-way to investing in Africa,” said the President.
Kabila in China for commemoration of WWII end

Democratic Republic of Congo (DRC) President Joseph Kabila is in China to attend the commemoration of the 70th anniversary of the end of World War II and celebrate DRC veterans who fought alongside Allied Forces during the war.
While in China President Kabila will meet various leaders including President Xi Jinping to review the status of current Sino-Congolese projects and discuss ways to strengthen and enhance relations between the two countries.
Over the last 25 years, Chinese investment in the DRC, as well as Congolese exports to China have grown at a rapid pace, with reports indicating that bilateral trade between the two countries accounts for approximately two percent of total Sino-African trade.
In 2008, the Chinese government entered into a contract with the DRC government for US$6 billion worth of infrastructure projects—from the development of roads and railways to the construction of hospitals, health centers and universities in exchange for China’s participation in DRC’s mining investments.
In addition to contributing to the DRC’s infrastructure capabilities, the Sino -Congolese ventures have created thousands of jobs for the Congolese people, generated tax revenues for the DRC and provided a critical knowledge transfer between the two countries, a release states in part.
“The work we have done with Chinese investors represents a critical development and capacity-building endeavor for the DRC, improving the lives of Congolese across the country by boosting employment and the economy,” said Mr. Moïse Ekanga Lushyma, Executive Secretary of the Bureau for Coordination and Monitoring of the Sino-Congolese Programme.
He added: “These innovative projects strengthen key growth sectors and create opportunities for other foreign investors that are interested in capitalizing on the incredible potential of the DRC.”
Between 2008 and 2014 China invested US$459.764 million in ten infrastructure projects in the DRC, while this year China is set to invest US$250 million on public arenas, roads and solar projects.
Where are they?
The post-Independence story of Uganda cannot be told without mention of the National Resistance Movement/Army (NRM/A) that fought a five-year war against soldiers of the Uganda National Liberation Army (UNLA) culminating into the ascendency to power of Yoweri Museveni, hitherto Uganda’s longest-serving president. During the war otherwise referred to as the Bush War, Mr Museveni was commanding some youthful men and women, some of who are currently holding high profile positions in the Army.In a four-part series Eagleonline retraces some of them, both living and those who have since passed on, writes Steven F Mandu.
Illicit financial flows worry African finance ministers
African ministers and Central Bank governors meeting in the Angolan capital Luanda have expressed concern at the illicit financial flows from the continent.
Speaking at the African Caucus forum, the President of the African Group and Minister of Finance of Angola, Armando Manuel noted that savings can be made by reducing on the financial outflows.
“This obliges us to look for other sources of financing including savings that can be made from restricting illicit financial flows from Africa, especially measures that can be taken to radically reduce these mass monetary outflows and guarantee that they are used for development in the African continent,” he noted.
Nineteen African ministers of finance and fourteen Central Bank Governors are meeting in preparation for the annual meetings of the International Monetary Fund (IMF) and the World Bank Group, and emphasis today fell on combatting illicit financial flows to improve the mobilisation of internal resources, a topic addressed by former South African president Thabo Mbeki.
The African Caucus represents 40 African countries including hosts Angola, whose Vice President Manuel Vicente opened the Caucus meeting earlier today ahead of meetings with the Bretton Woods Institutions.
‘The African Caucus was created with the aim of preventing African Governors from presenting in the Annual Meeting of the IMF and WBG the economic and financial problems that affect the respective countries alone,’ a release by Africa Press Organisation (APO), states.
And, speaking at the forum, Vicente underscored the importance of poverty alleviation, saying it leads to sustainable development.
Vicente further noted that African countries must have a more comprehensive outlook, integrating the diversification of the economy based on national and regional value chains in potential competitive sectors.
“In truth, we have to add more value to our resources, whether in the directly productive activities, or through infrastructure and additional or supporting activities such as, transport and telecommunications systems, banking and financial systems generating integrated development hubs, “he said.
Discussion panels for the opening day included regional economic outlooks, economic transformation and diversification, combating illicit financial flows to improve mobilisation of internal resources, environmental and social safeguards and consultations for the governors.
Meanwhile, David Robinson, the Vice-Director of the International Monetary Fund (IMF), and one of the speakers at the African Caucus said that the fall in oil prices is a significant negative shock for the oil exporting countries which have had to make marked adjustments.
Mr Robinson, who presented the theme ‘Africa: Regional Economic Outlooks’ pointed to the following public financial measures: budget cuts in the 2015 expenditure, above all in investments, fuel subsidies reform, taxation measures, including tax rate increases, and greater exchange rate flexibility wherever possible.
The representative of the IMF to the African Caucus noted that the oil producing countries have to tackle issues such as the orderly implementation of spending cuts, prioritise social sectors and infrastructure and mobilise non-oil revenues.
“It is necessary to address low liquidity in the foreign exchange markets in countries with flexible arrangements and the absence of foreign exchange instruments in countries whose currency is indexed to the Euro,” the APO release states in part.















