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Hoima Airport to be renamed King Kabalega 

By
Simon Kabayo
-
New airport that has been named after King Kabalega.

Hoima Airport will be renamed Kabalega after President Yoweri Museveni on Monday rejected a proposal to have the airport named after himself.

The Works and Transport State Minister, Lt (Rtd) Fred Byamukama, presented four potential names for the $309 million Uganda’s second largest inland gateway to the world that is nearing completion.

 The minister, who is also the Bugangaizi West Member of Parliament in Kakumiro district, Bunyoro region, said he and his team resolved three names including YK Museveni International Airport, Kabalega International Airport, Kabaale International Airport and Hoima International Airport.

He reported that the names were arrived at after reportedly conducting a local survey in Hoima district.

During the meeting chaired by Vice President (Rtd) Maj. Jessica Alupo, a vote was taken and almost all ministers including Rebecca Kadaga, Jim Muhwezi, Tom Butime and Edward Katumba Wamala among others voted in favour of naming the airport after Museveni

However, Minister Persis Namuganza, the State Minister for Lands, Housing and Urban Development, objected to the suggestion insisting that Kabalega is the best choice given the courage with which Omukama (King) Kabalega of Bunyoro Kitara Kingdom resisted British colonialism among other things that made him heroic.

She said Kabalega’s brand of fighting against can globally be leveraged upon to easily sell Uganda and the airport among tourists seeking to visit the country.

The minister stated that naming the airport after Museveni would seem as though Museveni was trying to establish a cult of personality similar to the African leaders of the 20th century who named national monuments and institutions after themselves like Mobutu Sese Seko of the then Zaire and now the Democratic Republic of Congo, Daniel Arap Moi of Kenya.

Ms Namuganza warned on political sensitivities asserting that naming it YK Museveni would incite anti-Museveni sentiments among the Banyoro, who until now remain nostalgic about their Omukama Kabalega.

Finance Planning and Economic Development Minister who is also the Member of Parliament, for Buyanja County in Kibaale district also in Bunyoro, Mr Matia Kasaija had suggested that they postpone the decision on which name to give the airport so as to first consult President Museveni for his view.

As a result, President Museveni agreed with Ms Namuganza’s concerns and rejected the proposal explaining that in African culture, it is inappropriate to name buildings and institutions after living people.

He also acknowledged that he would be perceived as a selfish and greedy leader who seeks to be gloried while still alive.

Ultimately, it was decided that the Hoima airport project, which is projected to be completed next financial year, would be named Omukama Kabaleega international airport.

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How to Negotiate When Selling Your Business

By
Our Reporter
-

Are you looking to sell your business? If so, you may wonder how to get the best price possible. Negotiating a successful sale can be a complex process, but it doesn’t have to be. With the proper guidance and preparation, you can negotiate the sale of your business in a way that benefits both parties. In this article, we will discuss some key tips to help you successfully negotiate when selling your business.

1.   Timing

When it comes to selling your business, timing is one of the most important considerations. Therefore, it’s essential to think about the right time to sell and when you should start the negotiation process.

One of the first things to consider is the current market climate. Make sure that the market conditions are favorable and that the right buyers will be interested in your business. It’s also essential to ensure that your business is in a good place with all its financials, accounts, and tax information up to date.

When it comes to negotiating, timing is also essential. You want to give yourself enough time to evaluate potential buyers, get their offers, and negotiate the terms of the sale. You also want to ensure you do not rush into a deal that isn’t beneficial for you. Instead, take the time to research and understand what is fair for both parties.

It would help if you also considered the seasonality of your business. Many businesses have a “season” when sales peak or decline. Be aware of any seasonal trends in the market and plan accordingly.

Timing is critical when it comes to selling your business. Ensure you have all the necessary information, research the market conditions, and give yourself enough time to get the best deal possible.

2.   Costs

When it comes to selling a business, several costs should be taken into account before beginning the negotiation process. These costs can vary depending on the size and scope of the company and can range from legal fees to marketing costs as business owners looking to sell their business usually pay a monthly fee to use services such as online directory pages to generate leads in order to find a qualified buyer these websites tend to list thousands of different business opportunities making it the ideal place to acquire a business for sale.

The most common costs associated with the sale of a business are those related to legal advice, taxation, due diligence, and transfer of assets. It is important to ensure that any legal advice you receive is comprehensive and tailored to your needs. You may also need to cover costs related to taxation, such as capital gains tax or stamp duty. It is essential to ensure you understand these costs in advance and make sure you factor them into your calculations when negotiating the price of the sale.

Due diligence costs will also need to be taken into account, as this process is necessary in order to verify the financial and legal standing of the business. This includes examining the financial records and other documents, such as contracts and leases, to assess their value.

Finally, there will also be costs associated with transferring the business ownership. This includes the cost of preparing documents such as deeds and any other paperwork related to the sale.

By understanding the potential costs associated with selling a business and factoring them into your negotiation strategy, you can ensure that the final agreement is one that is beneficial to both parties involved.

3.   Valuation

When it comes to selling your business, one of the most important factors is determining a fair value. Therefore, it’s essential to have an accurate idea of what your business is worth before you enter into any negotiations. There are many methods for determining the value of a business, but two of the most common are the asset approach and the earnings approach.

The asset approach looks at the total liquidation value of your company’s assets. It considers things like cash, inventory, equipment, and real estate. This method is excellent for companies that have lots of tangible assets or for those that are just starting out.

The earnings approach considers both the current and expected future earnings of your business. This type of valuation is used for businesses with a long history, as well as those with solid growth prospects. It also takes into account factors like market conditions, competition, and economic trends.

It’s essential to take your time when determining the value of your business. Consider using a professional appraiser to help you make an accurate assessment. Negotiating with potential buyers will be much easier if you know exactly how much your company is worth.

Summary

When selling your business, negotiation is an integral part of the process. It’s essential to have a clear understanding of the timing, costs, and valuation of the sale before entering into negotiations. This can help ensure you get the best outcome for your business. It’s also essential to keep a clear head during negotiations and remain patient. Ultimately, successful negotiations can lead to an optimal sale for both parties. By understanding the elements of a successful negotiation, you will be better prepared when it comes time to sell your business. If you would like to learn more about the steps to preparing a business for sale, we recommend you check out the latest business news on our website to keep up with the latest business news and trends.

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Tayebwa welcomes Ssewanyana, Ssegirinya back to Parliament

By
Geoffery Serugo
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MPs Ssewanyana and Ssegirinya

Deputy Speaker Thomas Tayebwa has welcomed Makindye West legislator Allan Ssewanyana and Kawempe North MP Muhammad Ssegirinya to Parliament for the first time after nearly two years.

On February 13, 2023, Masaka High Court judge Lawrence Tweyanze granted Shs 20 million bail to the two legislators after spending 524 days in jail.

The two MPs first met Leader of Opposition in Parliament –LoP Mathias Mpuuga who later led them to the Deputy Speaker Thomas Tayebwa’s for guidance before joining their colleagues in the plenary.

“We are happy to be welcoming back our two colleagues, Allan Ssewanyana and Ssegirinya Muhammad. We are always happy when we see our colleagues here being able to join us in the deliberations of this house,” Tayebwa said during the plenary.

The two MPs and four other suspects are accused of terrorism contrary to sections 7 (1) and (2) (d) and (d) of the Anti-Terrorism Act 2002 in count one, aiding and abetting terrorism contrary to section 8 of the Anti-Terrorism Act 2002 in count two, murder contrary to sections 188 and 189 of the Penal code Act in Counts three, four, five and attempted murder contrary to section 204 (a) of the Penal code Act.

Prosecution states that the two legislators together with other suspects -some on remand and others still at large on August 2, 2021, allegedly killed Joseph Bwanika, a resident of Kisekka Village in Kisekka Sub County in Lwengo District.

It is further alleged that on August 23 at Ssettaala Village in Masaka City, the MPs and their co-accused persons killed Francis Mugerwa Kiiza aka Nswa, Sulaiman Kakooza and Tadeo Kiyimba.

The MPs are also accused of attempting to kill Ronald Ssebyoto, a resident of the same area. They are also accused of financing the killings in the Greater Masaka region.

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Coca-Cola Beverages Uganda, NUDIPU partner to support disabled girls in schools

By
Francisco Adongo
-

Coca-Cola Beverages Uganda (CCBU) has handed over a cheque of Shs10 million for the training and economic inclusion of women with disabilities.

The money, which was handed over to the National Union of Disabled Persons of Uganda’s (NUDIPU) CEO Esther Kyozira, will be used to support a project in which several women with disabilities will be trained to make reusable sanitary towels that will support retention of girls in school by promoting menstrual hygiene.

NUDIPU is an umbrella organization that advocates for the inclusion of Persons with Disabilities and their concerns in the mainstream development processes. The organisation was established in 1987 to provide support to people with all forms of disabilities such as the lame, deaf, visually impaired, and autistic among others.

A study by UNESCO found that 1 in 10 girls in Sub-Saharan Africa miss school while on their period with some girls missing as much as 10-20% of school days during a school term.

Esther Kyozira, NUDIPU CEO, said that people with disabilities, including herself who is visually impaired, are grateful for the collaboration that will not only improve women’s livelihoods but will also help to keep young girls in school.

 Such collaborations, she said, should be adopted by other corporate organisations as a measure through which people with disabilities are equipped with skills to improve their disposable and household incomes instead of relying on handouts for survival.

“We are grateful that CCBU is making a difference in the lives of persons living with disabilities. This is a collaboration that will benefit many of our people for many years to come. Disability is not inability; we only need a helping hand, sometimes, to make our lives better, she concluded.

Speaking at the handover in Kampala, Nimusiima said Coca-Cola Beverages Uganda aims to create greater shared opportunity for the business and the communities it serves across the value chain through economic inclusion initiatives such as the support for training and skilling of women and girls.

 “Opportunity is more than just money, it’s about a better future for people and their communities everywhere on the African continent,” said Nimusiima.

“We aim to create inclusive growth opportunities for women, youth, and people with disabilities by defining a consistent way of implementing economic inclusion programmes, drawing on leading practice for implementing these programmes.

“Whether donating money, our time or our expertise, we take our responsibility to the communities we call home seriously,” Nimusiima said.

Whereas CCBU will be providing funds to support sourcing of trainers, purchase of project inputs, and promotion of branding and visibility, NUDIPU will be tasked in ensuring proper implementation of the project through identifying and registering women with disabilities to participate in the activities of the project, distributing reusable sanitary pads to the selected schools, and demonstrations on how reusable sanitary pads are made, will be conducted to realize a multiplier effect.

CCBU is committed to supporting communities by empowering women, youth and people with disabilities. Last year, the company supported the National Association of the Deaf in Mukono district and Makerere Deaf Community with the fridges as a way of improving their businesses and livelihoods.

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Gov’t Chief Whip confesses to receiving iron sheets 

By
Geoffery Serugo
-

Government Chief WhipDenis Hamson Obua has denied participating in the mismanagement of Karamoja relief items but admitted receiving the controversial iron sheets meant for the sub-region. 

 Obua who is also Ajuri Couty legislator told the Parliamentary Committee on Presidential Affairs investigating the mismanagement of Karamoja relief items that he received the iron sheets from the Karamoja Minister Mary Gorreti Kitutu. 

According to Obua, on January 23, 2023, after cabinet meeting, he received a verbal communication from Kitutu that there were 300 pieces of iron sheets allocated for his constituency, Ajuri County by the Office of the Prime Minister- OPM in form of a donation and that they were ready for collection at OPM store.

“I instructed my personal assistant, Winfred Mwesigye who signed for and collected them on February 1, 2023, for further distribution,” he said.

“Clearly labeled the Office of the Prime Minister, the iron sheets were transported to Ajuri County, Alebtong District and I gifted them to six government aided schools.  I wish to categorically state that I have never participated in any alleged mismanagement of relief items meant for Karamoja sub-region and neither did I solicit nor request for them,” he said.

He said the line Ministers should be held liable for the mismanagement of the relief items.

Appearing before Committee last month, Kitutu accepted responsibility for the mismanagement of iron sheets procured for the vulnerable people in the sub-region and apologized noting that she was never guided about the project.

Kitutu requested for 12,200 iron sheets to aid her in community mobilization and peace-building missions in Karamoja.

Her January 12, 2023, internal memo to the stores’ department at the OPM read in part, “During community mobilization and peace-building missions, I usually meet vulnerable groups and Karuchunas (reformed warriors) who are willing to dissociate themselves from cattle rustling. As part of my intervention, I will be distributing iron sheets to such special vulnerable groups.”

In February, security operatives nabbed Cotilda Kitutu, Michael Nabwaya, and Julius Wabule, the relatives of the Karamoja Minister allegedly selling iron sheets in Namisindwa District. The accused are the mother, brother, and nephew of Minister Kitutu.

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Finance Ministry moves to recapitalize Central Bank with Shs217b

By
Simon Kabayo
-
Jennifer Muhuruzi, Acting Director Treasury Services and Asset Management at Ministry of Finance.

Ministry of Finance has appealed to Parliament’s Finance Committee to approve Shs217.330 billion for the recapitalization of the Bank of Uganda in the 2023/2024 national budget.

However, no single money has been availed for this item, with Jennifer Muhuruzi, Acting Director Treasury Services and Asset Management at Ministry of Finance, calling on Members of Parliament to support the latest endeavor to recapitalize the Central Bank to ensure its smooth operations in the 2023/2024 Financial year.

Muhuruzi said that the Government wants another Shs1.2 trillion to pay up the money it borrowed from the Central Bank to finance the national budget.

“We do have Bank of Uganda reimbursements and this is Shs1.2 trillion, last financial year, we weren’t able to clear all the reimbursements and we had to carry this forward. We had talked about capitalizing the Bank of Uganda so we have made a provision of Shs217 billion as per Bank of Uganda Act and our responsibilities to our agents who are the Central Bank. So Shs217 billion has been put in the budget but it hasn’t been provided for in the estimates,” Muhuruzi said.

However, Muwanga Kivumbi (Butambala County) wondered why Government should shoulder the burden of recapitalizing the Central Bank yet the entity charges the Government highly for the money it borrows.

“You want us to capitalize the Bank of Uganda to the tune of Shs217 billion and at the same time, this Bank of Uganda charges exorbitantly. I want to be convinced, which one is which? We are capitalizing you, you are charging highly, so this animal called Bank of Uganda and this capitalization has been everywhere almost every financial year except last financial year,” Muwanga said.

Although the Treasury Operations claims that the request for recapitalization was made by the Bank of Uganda, it should be recalled that in January 2021, a similar claim was made by the Ministry of Finance, only for the Deputy Governor, Bank of Uganda, Michael Atingi-Ego, to distance himself from the request denying that Bank of Uganda had not sought for Shs481 billion to recapitalize the Central Bank, describing the request as impractical.

Atingi-Ego said that the Central Bank could not have requested for Shs481 billions as purported by the Ministry of Finance in the 2021/2022 National Budget Framework Paper because the Bank’s books for the same financial year haven’t been audited to establish the capital position of the Central Bank to warrant its recapitalization.

The denial angered MPs who accused the Ministry of Finance of using the perennial recapitalization requests to Bank of Uganda, to siphon funds, by hiding behind the Central Bank.

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Ssewanyana, Ssegirinya to attend today’s plenary after one and half years

By
Geoffery Serugo
-

Makindye West legislator Allan Ssewanyana and Kawempe North MP Muhammad Ssegirinya will for the first time go to parliament after one and half years.

On February 13, 2023, Masaka High Court judge, Lawrence Tweyanze granted Shs20 million bail to the two legislators after spending over one year on remand.

Eagle Online has learnt that the two MPs will first go to the Leader of Opposition in Parliament –LoP Mathias Mpuuga who will later lead them to the Speaker of Parliament Anita Among for guidance before joining their colleagues in the plenary.

The two MPs and four other suspects are accused of terrorism contrary to sections 7 (1) and (2) (d) and (d) of the Anti-Terrorism Act 2002 in count one, aiding and abetting terrorism contrary to section 8 of the Anti-Terrorism Act 2002 in count two, murder contrary to sections 188 and 189 of the Penal code Act in Counts three, four, five and attempted murder contrary to section 204 (a) of the Penal code Act.

Prosecution states that the two legislators together with other suspects -some on remand and others still at large on August 2, 2021, allegedly killed Joseph Bwanika, a resident of Kisekka Village in Kisekka Sub County in Lwengo District.

It is further alleged that on August 23 at Ssettaala Village in Masaka City, the MPs and their co-accused persons killed Francis Mugerwa Kiiza aka Nswa, Sulaiman Kakooza and Tadeo Kiyimba.

The MPs are also accused of attempting to kill Ronald Ssebyoto, a resident of the same area. They are also accused of financing the killings in the Greater Masaka region.

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Opiyo Oloya, Vladimir Putin is good for multipolarity

By
Guest Writer
-
Ambassador Henry Mayega.

By Ambassador Henry Mayega

The recent brazen opinion of Opiyo Oloya about the President of Russia, Vladimir Putin, utterly evinced the author as “a young boy who tries to shake a baobab tree but only ends up shaking his rump.” He essentially cancelled himself out as a pragmatical global south citizen by being harrowingly upbeat about ICC’s indictment of Vladimir Putin over the alleged “removing of Ukrainian children from their home country and taking them to Russia.” Apparently Russian speaking children and adults from Eastern Ukraine were evacuated to safety at the beginning of the Russian special operation to escape from the Ukrainian ultranationalists’ pogroms – that is normal practice in all conflict-ridden areas.

Since WW2, the west, more than anybody else, has overthrown or invaded tens of governments. Despite Opiyo’s exaltation of the west which has luxuriated as a free world, they, last year, shamelessly blocked RT and Sputnik – both Russian media houses from broadcasting into the northern hemisphere!  

Opiyo Oloya, the most recent invader of Afghanistan was, in August 2021, seen removing several Afghan children without their parents from their country after pulling out its forces – why didn’t the ICC issue an arrest warrant? You went ahead to disparage President Xi Jinping’s recent visit to Moscow which to you was meant to “buy dirt cheap oil and gas that Russia cannot sell to Europe because of the trade embargo…and turn Russia into an open market for dumping Chinese goods” – big lie; Russian “dirt-cheap” oil as well as gas are finding their way into the west through third parties.

To dispel Opiyo’s intellectual dishonesty and objectively appreciate the causes, course and consequences of the operation, one has to interrogate the intervening period after the collapse of the USSR to the start of the operation last year. Earlier, NATO committed to no expansion toward the Russian Border; they have, however, been threatening Russia’s security by expanding rapidly towards its border.

The situation was exacerbated by NATO creeping farther and farther to the east; the Baltic States that initially were once part of the USSR are the most recent engulfment; Ukraine was to follow. In the case of Ukraine, a majority of its eastern citizens are Russian speaking – a target of the Ukrainian ultra-nationalists who sought to force them not only speak Ruthenian but also carried out deadly pogroms against them claiming over 14,000 people. Opiyo, hopefully, remembers how the US reacted to the Cuban Missile Crisis of 1962 because what’s good for the goose is also good for the gander.

NATO’s expansionist policy eastwards was purposed to lock in Russia’s strategic naval fleet in Sevastopol, Crimea – a region that had been gifted by Russia to Ukraine in 1954; their place of long standing military tradition and major access to that warm water port as well as the Mediterranean sea.

In short, 2014 was a deciding moment in Ukraine; at Maidan, Kyiv’s city square, deadly violence engulfed that piazza pitting the ultra-nationalists, militias and stone-hearted oligarchs against whoever opposed their agenda of joining the EU and NATO.

These are some of the underlying issues that Opiyo glossed over in his quest to soothe the nerves of his westerly friends. Nothing was more bizarre and preposterous than his fertile imagination that President Putin’s indictment by the ICC put him on the wire; for firsts, Russia is not a signatory to the Rome Statute which established the court that infamously and largely molests the gullible in the global south; the ICC doesn’t have a particle of jurisdiction over Russia. By parroting the western narrative, therefore, Opiyo is not better than those who collaborated with the pilfering colonialists. His piteous narrative is purposed to benefit the west’s hegemonic stranglehold on the rest of the world with all its poignant attendant economic trappings.

Secondly, those who “justified” the ICC arrest warrant against Vladimir Putin – a man revered by many in the global south for championing the equalizing multipolarity are themselves not ICC members. So, where did they get the locus standi to hail that court’s decision while simultaneously quizzing its competence thesis?

And so, when Opiyo, with approbation, cheers Putin’s ICC indictment, he exudes a sycophantic and apologetic posture to neo-colonialism hence exacerbating the north-south polarizing paralysation.

Analogously, Russia, like China, is impelling for a multipolar world in place of western unilateralism that has perpetuated a debilitating stranglehold on us for far too long. Africa, for instance, has been demanding for representation on the UNSC for decades to no avail. Some may gloss over that injustice committed against Africa but that duo has consistently advocated for the actualization of our demand.   

Consul General

Uganda Consulate

Dubai, UAE               

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Police intensifies security ahead of Easter celebrations

By
Simon Kabayo
-
Police officers on foot patrol.

As a precaution to protect Ugandans, the Uganda Police has intensified security measures at churches and other worship centers during this Holiday week and Easter celebrations.  The Easter celebrations are due to take place on Sunday 10.04.2023.

“Because of the Easter holiday, we anticipate many people will be travelling to their hometowns and villages for the Easter Holiday. Many others will go partying, celebrating, shopping and thanksgiving. As a result, we expect an increase in criminal activity, and other threats to public safety, especially robbery, bag snatching, frauds, livestock theft,” Police stated.

Although there are no specific threats directed towards the Easter holiday, police continue to actively monitor all activities to ensure there are no credible threats in the country. Police have increased patrols, visibility and other security interventions that will run through the Holy week Easter Sunday and Easter Monday.

“We have also partnered with all religious leaders and stressed the importance of community vigilance. We would like to remind all places of worship to review their security measures and contingency plans on protecting the churches and its assets like installing intruders’ alarms, use of forensic markers, encouraging local vigilance, and minimizing the risk of arson among others,”

Police added.

We encourage those that are travelling to plan for early movement and additional time to the transport hubs and delays along the major roads and highways. For those going shopping, we encourage you to avoid carrying large sums of money, displaying valuables, use ATMs at banks, hotels, shopping malls for safety etc.

Police further warned all criminals that they are well prepared to deal with them. Adding, “Our territorial commanders have been tasked to do everything within their means to deliver a joyful and peaceful Easter holiday to Ugandans and visitors in the country.”

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Col Chris Sseruyange takes over as new Uganda’s Defence Attaché to Saudi Arabia

By
Simon Kabayo
-

Colonel Chris Sseruyange Ddamulira has taken over as the Defence Attaché to Saudi Arabia, replacing Maj. Gen (Rtd) Micheal Ondoga who has been serving in the role for over three years.

 The UPDF Joint Chief of Staff Lt. Gen. Leopold Eric Kyanda while presiding over the handover/takeover function thanked Maj. Gen. Ondoga for the well-served time on duty. He assured Maj. Gen. Ondoga that, despite his going into retirement, he remains a key resource of the UPDF and can be called upon for any assignment.

He congratulated the incoming Defence Attaché and wished him a successful tour of duty. He advised him to uphold the good relationship between the two countries. He urged him to maintain the UPDF reputation of discipline and excellence.

 The Outgoing Defence Attaché Gen. Ondoga thanked the CIC, Gen YK Museveni for the opportunity to serve and the UPDF leadership for the tireless support during his tour of duty. He further remarked on the open working relationship he enjoyed with the host country and wished his successor the best.

The incoming Defence Attaché to Saudi Arabia, Col. Chris Seruyange Ddamulira in his remarks thanked God, the Commander in Chief Gen YK Museveni and the UPDf leadership for entrusting him with such a key office.

“I joined the UPDF as a young man and therefore, any training and education I have, it has been UPDF and I promised to serve to the best of his ability,” Seruyange remarked.

 Uganda and the Kingdom of Saudi Arabia continue to enjoy friendly relations that have grown and developed over the years, deepened by common interests and mutual benefits. Relations between the two countries are witnessing increasing cooperation in the fields of defence, economy, science and society.

 The two countries also share joint membership in the United Nations (UN) and the Organization of Islamic Cooperation (OIC), among the membership of international organizations.

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