Stanbic Bank
Stanbic Bank
27.6 C
Kampala
Stanbic Bank
Stanbic Bank
Home Blog Page 482

Equity Bank Uganda appoints Anthony Kituuka as Managing Director

Mr. Anthony Kituuka

Equity Bank Uganda Limited has announced the appointment of Mr. Anthony Kituuka as the new Managing Director with immediate effect.

Prior to his appointment Mr Kituuka served as the Executive Director Equity Bank Uganda Limited from 2016. He previously served as the Executive Director for Regional Subsidiaries from 2014 to 2016. He is a career banker with over fifteen years of experience.

He holds an MBA in Oil and Gas from Middlesex University, London and a Bachelor’s Degree in Statistics and Applied Economics from Makerere University, Uganda. He is a Fellow of the Association of Chartered Certified Accountants Certificate (FCCA) and has completed an Advanced Management Program from Strathmore, Lagos and IESE (Spain) Business Schools as well as several other executive leadership programs at Gordon Institute of Business and INSEAD.

The announcement, which was made by the Board of Directors, follows the promotion of Samuel Kirubi who was the Managing Director to the position of Group Chief Operating Officer at the Equity Group Holdings Plc.

Mr. Mark Ocitti, Chairman Equity Bank Uganda while welcoming Mr Kituuka to his new role said,” We are happy to announce the appointment of Anthony Kituuka as the new Managing Director of Equity Bank Uganda with immediate effect subject to Bank of Uganda approval. We are confident that Anthony will build on his institutional knowledge and the work together with his immediate predecessor and Equity Uganda staff to push Equity Uganda to the next level of growth. We are confident that his experience in banking and the corporate world will enable him to lead the bank to scale and serve more people in pursuit of our purpose of transforming lives, giving dignity, and expanding opportunities for wealth creation.”

“On behalf of the Board, we thank Samuel Kirubi for his leadership that saw Equity Bank Uganda turnaround and grew to be the 6th largest bank in deposits and assets and move from position 16 to the 5th most profitable bank in Uganda in a record seven years,” added Mr Ocitti.

Stories Continues after ad

Museveni praises ISO’s Col. Katabazi for hard work

Gen. Muhwezi congratulates the couple and delivers Shs20 million from the president..

President Yoweri Museveni has praised Lt. Col. Emmanuel Katabazi, the Internal Security Organisation Deputy Director General for his service to the nation.

Museveni through Security Minister, Maj. Gen. Jim Muhwezi said Katabazi has served the country diligently at the same time found space within his busy schedule to raise a purposeful family.

“The President is grateful for your work but also thanks you for having time for your family despite your busy work with intelligence for a long time. He would have been here but because of other demanding state duties, he sent me to represent him” Gen. Muhwezi said.

Gen. Muhwezi and ISO Director General Col. Oluka.

Gen. Muhwezi said this at a wedding reception of Mr. Derrick Sankara a son of Colonel and Mrs Jacqueline Katabazi who wedded Ms Reem Salim a daughter of Mr Salim Omar and Mrs Hasfa Salim Namusoke.

The couple tied a knot at Munyonyo Martyrs Shrine on Friday and thereafter hosted their guests at a reception at Hilltop Gardens Naguru.

The president gave the new couple Shs20 million. Mr. Sankara is a legal officer at State House.

Parents of the groom Colonel and Mrs Katabazi and Honourable Moses Kamuntu, the Rubanda West MP on the left.

The function was also attended by former Prime Minister, John Patrick Amama Mbabazi who like the president also praised Col. Katabazi for being a nationalist.

The Director General of ISO Col. Charles Oluka graced the occasion and thanked his deputy for finding time for his family.

Col. Oluka giving his speech

Other notable guests at the wedding were Director General of External Security Organisation Ambassador Joseph Ocwet, Ms Florence Kiconco, head of legal department at State House and boss to the groom.

Several Members of Parliament attended and were represented by Rubanda West MP, Moses Kamuntu, National Resistance Movement (NRM) Chairperson of the Women League Lydia Wanyoto also attended. The ceremony was also attended by a host of top spy masters.

Former Primer Minister and 2016 Presidential Candidate John Patrick Amama Mbabazi
Gen. Muhwezi representing the president
The couple, Mr. Derrick Sankara and Ms Reem Salim
Stories Continues after ad

Makerere interdicts lecturer who slapped student

Prof Nawangwe


Makerere University Vice Chancellor Professor Barnabas Nawangwe has interdicted lecturer Mr. Bernard Wandera who was recorded slapping a female student.

In a video that circulated on social media, it shows the lecturer from the department of Social Works and Social Administration, School of Social Sciences slapping the student twice before ordering her to leave the room.

Prof Nawangwe in a letter dated November 19, noted that Wandera contravened the terms and conditions of his employment with the University and also violated provisions of the Universities and other tertiary institutions Act 2001.

The Vice-Chancellor noted that the since the video clip was released, he has received a lot of complaints from University students and the university community which perhaps informed his decision to interdict the lecturer as investigations into the incident commence.

“I have also received additional written complaints from a student of the College of Humanities and Social Sciences as well as oral complaints from the university community on this matter”, Nawangwe notes in the letter.

“Pursuant to section 55(c) of the Universities and other tertiary institutions act 2001 (as amended) as well as the provisions of the Uganda Public Service Standing orders 2021, and the Makerere University Human Resource Manual (2009), I hereby interdict you from the University in order to protect the reputation of the University, its students and in order not to jeopardize the ongoing investigations”, Nawangwe wrote.

“You are required to prepare a handover report and handover all university property in your possession to your supervisor; the head department of social work and social administration in the presence of the dean- school of social sciences,” Nawangwe’s statement added.
 

Stories Continues after ad

The Largest Number of Graduates (106,186 graduates) from Zion Christian Mission Center

A graduation ceremony was held at Daegu Stadium at noon on the 20th. of Nov. More than 500 former and current pastors graduated.
Joint operation of a cooperative network with local governments in preparation for safety.



The Zion Christian Mission Center (Mr. Tan Young Jin, the Head of Zion Christian Mission Center) produced 106,186 graduates which was the largest amount of graduates as a single Christian educational institution.



The Zion Christian Mission Center, a Bible education institution of the Shincheonji Church of Jesus, held the class 113 graduation ceremony of the Zion Christian Mission Center at Daegu Stadium on the 20th. A total of 106,186 people graduatedon this day, making it the world’s largest theological education institution.



For safety reasons, the number of people participating in the graduation ceremony in Korea was limited to 80,000. About300,000 people in total (Online or offline) participated in the graduation ceremony on YouTube live broadcasts in nine different languages.



The graduation ceremony was prepared thoroughly to prevent safety issue as it is highly concerned recently in South Korea. The Shincheonji Church of Jesus said, “For preparing this event, safety is the first, second and third.” adding, “We are creating a cooperative network with local governments to check disinfection, safety, traffic, and order several times and operate a control room for monitoring the event with police, fire departments, Daegu-si, and Suseong-gu Office safety officials.”

In addition, “the church itself allocated a total of 14,000 safety personnel to maintain order inside and outside the venue, and made participants enter and leave the event venue over four hours to prevent overcrowding.” he said. “About 180 medical staff and four ambulances are also on standby in case of an accident.” Emergency rescue training was conducted for all safety personnel, and all graduates also completed watching emergency rescue videos. “We emphasize that this completion ceremony was especially safety-oriented,” he explained.

The event consisted of the opening ceremony of Part 1 and the completion ceremony of Part 2. In the first part, starting with praise services, congratulatory speeches, congratulatory messages, representative prayers, and commemorative speeches of ChairmanMan-Hee Lee was followed. The second part included a congratulatory performance, a congratulatory speech by Tan Young-jin, the head of the Zion Christian Mission Center, a certificate of completion, a tassel turning, awardceremony, testimony from graduates, and a special performance.



Among the class 113 graduates, a total of 522 pastors, including 37 in Korea and 485 overseas, completed the program, as the proportion of pastors has increased significantly compared to other years. In this background, it is closely related to the creation of an online class environment due to COVID-19. As an environment where students can take classes without being aware of others was created, the number of pastors and seminaries increased rapidly. The two representatives of the graduates who announced their acceptance speech on this day are also pastors.

The fact that pastors who joined the introductory, intermediate course including Revelation (Advanced), were able to participate in education online without being aware of other people during the COVID-19 pandemic is the background of the increase in the number of pastors.

Heo Jung-wook, who shared the testimony as a representative of a Korean graduate at the completion ceremony, is acurrent pastor who has been pastor for a decade. After 20 years of ministry, he said, “I only learned traditional theology in seminary, but I didn’t know much about Revelation. Except for difficult words, he has taught only easy words to convey to the saints. I repent that I was a sinner who added and subtracted from the word of God,” he said. “I put down all my possessions and came forward to the truth.” I learned true theology that leads me to heaven, not to study of mankind. “I thank God for giving me a chance to live,” he said.



D.Jackson, a representative of overseas graduates, is also an Indian pastor who changed the name of the seminary to the Hepto Zion Christian Mission Center after signing an MOU after receiving an online Bible class at the Shincheonji Church in October last year. Currently, 294 members of the church, including the pastor in charge of the two churches, have completed the entire course of the Zion Christian Mission Center and are listed as the class 113 graduates.

Meanwhile, the Shincheonji Church of Jesus focused on contributing to the revitalization of the local economy and coexisting with local residents by holding the first large-scale face-to-face event in Daegu since the COVID-19 pandemic. All possible consumption activities, such as transportation, accommodation, and meals for 100,000 people, were made in the region to help local residents.

After the Itaewon disaster of South Korea, it was not confirmed whether to do the event or not, but rather than abandoning the win-win opportunity in consideration of the contract situation with local companies, it was decided to do the event focused on safety as much as possible based on the know-how of hosting large-scale domestic and foreign events.

Stories Continues after ad

Museveni orders official burial for Ssemogerere

Dr Paul Kawanga Ssemogerere

The Minister for Presidency, Babirye Milly Babalanda says President Yoweri Museveni has ordered for an official burial for former Democratic Party (DP) leader Dr. Paul Kawanga Ssemogerere. 

Ssemogerere died on Friday, November 18, 2022 at the age of 90 at his home in Rubaga Division in Kampala.

“H.E the President has this morning directed that fallen former DP President General, Hon. Dr. Paul Kawanga Ssemogerere, is accorded an official funeral. All arrangements are, accordingly, underway,” Babalanda said.

Ssemogerere was a Presidential Candidate in the disputed 1980 General elections which were won by Milton Obote’s Uganda People’s Congress. He then became the leader of the parliamentary opposition from 1981 to 1985. He was appointed Minister of Internal Affairs during the presidency of Tito Okello (1985–86).

After Yoweri Museveni became president in January 1986 following a coup, Ssemogerere was consecutively Minister of Internal Affairs (1986–88).

He served in Foreign Affairs (1988–94) and Public Service (1994–95) and at the same time held the post of deputy prime minister in Museveni’s National Resistance Movement government (from 1986).

He resigned from his government posts in June 1995 because he was the presidential candidate for the mainstream opposition, but he lost the 1996 presidential elections to Museveni.

Ssemogerere has also been a delegate to the Organisation for African Unity (OAU), and was chairman of the OAU Council of Ministers from 1993 to 1994.

After his retirement from politics in November 2005, he was succeeded as party president by John Ssebaana Kizito, the mayor of Kampala at that time.

Stories Continues after ad

Two arrested following attack on Gaddafi barracks that left one UPDF soldier dead

Handcuffs

The Uganda People’s Defence Forces (UPDF) said they have arrested two suspects following the death of a soldier in an attack on Gadaffi barracks in Jinja.

The army identified the deceased as Sergeant Simon Peter Eyagu. Sgt Eyagu was deployed together with Lance corporal (L/Cpl) Norico Kibirige to guard a small gate of Ambercourt road, with in the perimeter of Gadaffi barracks.

“Last evening an Attack occurred on our Soldiers guarding at Ambercourt road close to Gadaffi barracks at 2050hrs leading to the death by strangling and shooting of RA/110575 Sgt Eyagu Simon Peter, a UPDF soldier attached to Gadaffi Barracks Jinja Cantonment while his colleague had gone to buy some drink,” UPDF said in a statement on Friday.

UPDF said that in the attack two weapons SMG guns were taken and all efforts are underway to recover them.

“The attack on our guards will meet the necessary retaliation. We are working closely with the UPF and other security agencies to apprehend the criminals. Two suspects have so far been arrested and we have leads to apprehend the entire group,” UPDF said.

The army called upon Jinja residents and Ugandans are called upon to remain calm as these acts of criminality shall be dealt with decisively like we have dealt with many others before.

The attack became the third on security agencies in less than a month. On Monday 14 November, gunmen riding on a motorcycle attacked Kensington Apartments police post in Kyanja. The assailants fired bullets at the window of the police post but no police officer was injured in the debacle.

On October 31, a violent attack was carried out on Busiika Police Station where armed assailants shot at and killed two police officers on duty, injured two others, one critically, and thereafter, robbed two police guns from them.

Stories Continues after ad

UK, Bobi Wine task gov’t to investigate November 2020 killings

Today marks two years since Ugandan security forces brutally clamped down on people protesting the arrest of opposition politician Robert Kyagulanyi aka Bobi wine, killing 54 people, and injuring scores more.

While appearing on Citizen TV in Kenya, Bobi Wine demanded that the government treat them as human beings. “We are demanding to be human beings and be treated as such; to enjoy the rights for which many of our people have been killed”.

He said it is a pity that they can’t mourn nor meet in Uganda to talk about victims of torture by Museveni’s regime.

Bobi Wine and other concerned activists demanded accountability for the 2020 November killings.

The British High Commission said, “Today we remember those who were tragically killed in Uganda on 18 and 19 November 2020.”

The Commission asked the Government of Uganda to fully and transparently investigate what happened and bring all of those responsible to account.

Just before noon on November 18, 2020, two months ahead of Uganda’s general elections, security forces arrested Bobi Wine as he prepared to hold a campaign rally in Luuka, Eastern Uganda. The police said they had arrested him for breaching #Covid-19 regulations, but it was clear authorities were using the pandemic as a pretext to clamp down on opposition during the election campaigns.

As news spread about Kyagulanyi’s arrest, widespread protests in Kampala and other parts of the country erupted for two days. Authorities responded with teargas, by beating protestors and using live bullets, killing at least 54 people, even according to the government’s own admission. Those killed included bystanders and market traders who had nothing to do with the protests. Numerous others were injured.

A week after the protests, President Yoweri Museveni said the government would compensate only the families of 22 of the people who had died, saying the other 32 were rioters. Police later said they had launched investigations into the killings, but two years later, the authorities have not published their findings, held anyone accountable, nor compensated victims.

Uganda’s Constitution protects the rights to peaceful assembly, and association. The government is obligated under international law to ensure that use of force, in particular lethal force, is subject to scrutiny, to ensure effective investigations that lead to accountability for unlawful killings and injuries, as well as to provide access to effective remedies for all victims.

The government should take meaningful steps to show that it is serious about upholding human rights and the rule of law by ensuring justice for the November 2020 violence.

It should fulfill its promises and obligations under international law to the families of those who died and were injured at the hands of the security forces, whether they were protesting or not, through a transparent justice process that provides regular public updates on the progress of investigations and guarantees victims and their families’ effective participation.

Stories Continues after ad

Arsenal appoint Edu Gaspar as Sporting Director

English Premier League side Arsenal FC have appointed Edu Gaspar as the club’s first-ever Sporting Director.

Edu’s promotion sees him assume overarching responsibility for the club’s Academy activities, in addition to his existing responsibilities across men’s and women’s football.

The club’s Chief Executive Vinai Venkatesham said: “We are delighted that Edu is recommitting his future to the Club that he so clearly loves, after making such a positive and critical contribution to our progress in his time with us so far.

“Edu’s promotion formalises his already growing influence over our Academy operations, and we look forward to Per and Edu working together to strengthen the integration between our men’s first-team and Academy yet further.”

Edu, a member of the Invincibles squad who re-joined Arsenal as Technical Director from the Brazilian FA in the summer of 2019, said: “I’m delighted to have this new role which I see as an evolution and consolidation of the way we’ve been working. We are making good progress in all areas of our men’s, women’s and academy and we are all excited about what can be achieved.

“I look forward to building on the hard work of so many people and helping all of us grow together and enjoy more success, and am thankful for the trust the club has put in me. We move forward together,” he added.

Stories Continues after ad

Museveni woos Indian investors

President Museveni with Lord Popat of Horrow, UK’s Trade Envoy to Uganda

President Yoweri Museveni has urged Indians to continue investing in Uganda. Museveni said during the celebrations to mark 100 years of Indians in Uganda.

The Indians came to Uganda between 1895 and 1901. The construction of the railway line heralded the beginning of organized Indian immigration to East Africa. Although the majority of the construction workers returned home to the subcontinent, thousands of them took a risk and stayed behind to chart out a new life in East Africa, particularly Uganda.

During the celebrations Museveni revealed that there is a market of 43 million people in Uganda and 417 million people in the East African Community (EAC) which comprise of Tanzania, Kenya, Rwanda, Burundi, Uganda, South Sudan and Democratic Republic of Congo (DRC) and the rest of African countries.

“We negotiated market taxes to China, so producing here will enable you to access those markets. The other input cost is infrastructure. The transport costs, the electricity costs. We are generating more electricity than that is being consumed,” Museveni said.

Museveni said the cost of doing business in Uganda is low because there is infrastructure and electricity and raw materials like iron core. Uganda is working with Kenya and Tanzania and DRC and other countries to repair the old railway line to lower transport costs for goods and raw materials.

“In a bid to attract new investments, we resolved that Indians should get all their properties lost during the late Idi Amin Government. It was immoral, not strategic and unnecessary to take over properties which belonged to Indians,” Museveni said.

Museveni pledged to recognize Mohan Rao, the chairman of Indian Association of Uganda for coming up with the three Ps describing Uganda as Peaceful, Pleasant and Profitable country.

Robert Mukiza, the executive director of Uganda Investment Authority said Uganda is a beacon of safety both for person and property in the region. “An investor can take a long term bet on Uganda and be sure that their investments and property are safe in the country.”

“There are no capital restrictions in Uganda once the relevant taxes are paid, all profits can be repatriated from the country without restriction. When a company domiciles in Uganda, they not only access Uganda’s market,” he said.

Mohan Rao, Chairman of Indian Association Uganda (IAU) said the summit presents an opportunity to showcase Uganda’s numerous investment opportunities, but also highlight the successes of Ugandan Indians doing business here as well as provide a platform for networking in anticipation of the undertaking of new ventures.

“During the past three years, the NRM government commitment to what I refer to as Peaceful, Pleasant and Profitable (3P’s) has created a good conducive business environment, which in turn has encouraged Indian investment. Idi Amin was an unfortunate interlude in this country’s history and the Indian Community paid a heavy price,” he said.

He said the Indian Community has played a significant and recognized role in building the country’s industrial base, steadily increasing the output of goods and services, creating employment and paying a large proportion of the annual taxes. We are committed to Uganda.

“IAU encourages educational, communal, and artistic wellbeing of Indians residing in Uganda by systematically supporting such for more than 100 years the IAU has been leading Uganda’s Indian community and has enjoyed an unrivalled record for peace and in its efforts to build cohesive societies,” he said.

In 1972, Idi Amin ordered the expulsion of Asians from Uganda with the accusation that they were ‘milking the Ugandan economy’. Since the Indian communities’ gradual return to the country beginning in the early 1980s and 1990s, the IAU has re-established and worked hard to build a fruitful relationship between Indians and African communities in Uganda mainly through charitable activities.

Sudhir Ruparelia said, “I started with a capital of $25,000. The Ruparelia group at the moment employs 9000 Ugandans directly. We are into the flower export business. We export about half a million roses every day.”

“We are in the hospitality business, real estate, education sector, media and others. All this would have not happened if you did not create a very conducive environment for us to do business. Thank you very much,” he said.

During the summit, several companies committed to invest $138 million into Uganda. The companies included; Trishu $38 million in the manufacturing of businesses. UKB Electronics $10 million in the manufacturing of electronics, NK Techno Labs $3 million, Halar group $10 million in construction and agro value addition, Norvik international $11.5 million, Supreme Gold Corporation $75 million into mining and other investment deals.

Stories Continues after ad

URA names Vivo Energy Uganda top revenue generating AEO

The Uganda Revenue Authority has named Vivo Energy Uganda as the Top Revenue Generating Authorized Economic Operator (AEO).

AEO is a regional trade facilitation programme recommended by the World Customs Organization (WCO) to ease trade and customs clearance for tax-compliant importers and exporters.AEOs are therefore businesses certified by customs administrations to do self-assessments in compliance with customs rules, under the World Customs Organisation supply chain security standards.

An AEO is a company highly trusted by the revenue body-that even with less surveillance, such a company is expected to assess itself and willfully pay taxes. The companies are also able to self-regulate, self-assess, and work seamlessly with URA regarding their operations. 

The URA’s initiative is supported by TradeMark East Africa and seeks to enhance trade by reducing business costs through simplifying customs procedures.

Vivo Energy Uganda, whichenrolled under the AEO Program in 2019 and was recognized as leader in the financial contribution to Uganda Revenue Authority tax contribution to the tune of Uganda shillings 1.2 trillion to date.

On behalf of Mr. Johan Grobbelaar, the Managing Director, Mr. Samuel Bukenya, the Transport and Logistics Manager at Vivo Energy Uganda, accepted the certificate of recognition and plaque from Mr. John Musinguzi, the Commissioner General at URA, at the Authorized Economic Operator Conference held at Speke Resort Munyonyo on November 11, 2022.In his remarks, Mr. Grobbelaar expressed his heartfelt gratitude to URA for the recognition.

“The management and staff of Vivo Energy Uganda would like to express its gratitude for the recognition. We are honoured to receive this accolade, following our enrollment in the AEO Program in 2019 and constantly leading in the tax contribution to Uganda Revenue Authority todate,” he said.

Adding, “We appreciate your outstanding relationship and want to reassure you that we will continue to fulfil our tax commitments to support the increase of tax income and your overall objectives.We look forward to a stronger partnership in 2023 and wish you success in all your endeavours.”

 Speaking at the awarding ceremony, Mr. Musinguzi, said AEOS have eased the cost of doing business, boosted business turnover, trust and facilitated international trade. On his part, he committed to ensure that URA eases customs clearance processes to facilitate international trade to transform the economy.

Mr. Musinguzi thanked the AEOs for their contribution towards growing Uganda’s economy, while citing the Uganda shillings 594 trillion combined remittances that form 42% of URA’s total customs revenue of Uganda shillings 8.444 trillion

At the ceremony, over twenty-four tax compliant companies were awarded AEO status, bringing the total number of AEOs in Uganda to 118 currently.

Stories Continues after ad