BoU Scandal: Speaker Rebecca Kadaga letter to PAC-Cosase Chairman on “Re: Re-opening the Investigation into the Bank of Uganda Closure of Commercial Banks by the Committee on Commissions State Authorities and State Enterprises” (10.06.2019)

Opinion: Boris the Blade, sorry Boris of the Tories at the helm?

Abed Nadir: “Chaos already dominates enough of our lives. The universe is an endless raging sea of randomness. Our job isn’t to fight it, but to weather it together, on the raft of life. A raft held together by those few, rare, beautiful things that we know to be predictable” (Community, Season 3, Episode 4, 2011).

Well, it the Conservative and Unionist Party, the Tories elects Boris Johnson to take over the helm after Theresa May. Surely, the Brexit will end in an utter fiasco, the party will be in shambles and the populists will get a hold of power.

Boris is the sort of man, whose had no trouble stabbing people in their back and moments later kissing their asses. That is just who he is, also is a womanizer, racist and a man of total disregard of people, except himself. An Etonian without no high regard for the common man, except when he needs their votes.

Who knows if he will beat Dominic Raab, Michael Gove, Jeremy Hunt, Matt Hancock or Rory Stewart, because this is just first of plenty of votes. Even if Boris got the best results in the first tally in the internal voting. However, this is just the start, but shows some intent.

That Boris is the frontrunner and has such a big margin from the get-go is a worry, as the signs of the tides, which are ahead. That the MPs are voting in favour of him. Shows also their fear and their reckless attitude towards it all. Boris wasn’t a smooth operator as a Foreign Secretary, he didn’t deliver anything substantial or help the Brexit Process as an Brexiteer. No, he did nearly nothing, just like several other hard-liners.

Therefore, this vote will be a shambles, this is the mere travesty, where the Tories get to have a new vote, to have a referendum on their leadership. While the public have to look at it and squint at it too. While the Tories themselves will not give the public a second chance for a snap election nor a new referendum, as the Brexit is already a beacon of self-destruction. Just that the leadership of the two major parties won’t say that, in fear of the fearmongering salesman of Nigel Farage and Company.

If Boris Johnson takes over, expect more resignations, more troubling negotiations and also fabulous expenses put without consideration of the tax-payer. That is the sort of man he is and he shows it again and again. Boris will misuse the power he has and scrap vital things, just to have the seat. He just don’t care, as long as his the king.

Boris will not bring wealth, stealth and health, only chaos.

This is the darkest timeline, surely, the Community show warned us, but we didn’t listen. It was shambolic under PM May, but will not become smooth sailing under the leadership of Johnson. He will only undermine himself and his allies, he will come with empty pledges and knowingly, know that the EU will not comply. Because, he knows this, but want to be popular in the eyes of the people, even if it means not staying true to the reality. That is why the Brexit process been such a mess and continues to be so.

Boris the Blade, Boris Johnson will not succeed, it isn’t in him. He might win this leadership contest, because of his savvy ways with political infighting, but externally. He will loose, BIG. Peace.

Association of Uganad Tour Operators Ltd: Planned Construction of Hydropower Dam over the Murchinson Falls (10.06.2019)

Zimbabwe: Press Statement – Appointment of Cde Patrick Anthony Chinamasa as Chairman of Air Zimbabwe (10.06.2019)

Rwanda Revenue Authority: Announcement (07.06.2019)

Kenya: County Government of Nandi – Office of the Governor Stephen Sang – Press Release (09.06.2019)

ANC: Statement of Officials of the African National Congress regarding urgent Economic Priorities facing South Africa (06.06.2019)

Central Bank of Kenya: Press Release – Circulation of the New Generation Banknotes and Withdrawal of the Older 1,000 Shillings Banknotes (06.06.2019)

IMF: South Sudan is in a deep economic crisis!

The International Monetary Fund has today released their press release on the economic and financial crisis, which is there. The IMF is really stating the facts, the dire needs of the state and the need for reform. Transitional Government of National Unity (TGoNU) really has a lot of work to fix this. South Sudan needs peace to fix this and not more civil war. However, what the IMF is stating is really vital to fix the economy.

The Republic of South Sudan needs some serious revamp of the economy when the IMF state it like this. Clearly, the government has more than enough on its plate, but they surely has to focus to get this in order. That shows the pressure on the state to get it fixed.

Take a look!

South Sudan is in a deep economic crisis. Economic conditions have deteriorated rapidly since the beginning of the civil conflict in late 2013. Real GDP is estimated to have declined by 2.4 percent in 2017/18 adding to a cumulated decline of about 24 percent in the last three years. Overall, real disposable income (adjusted for terms of trade) is estimated to have declined by about 70 percent since independence in 2011, contributing to an increase in poverty headcount ratio from 50 percent in 2012 to about 82 percent in 2016” (…) “Fiscal policy has been weakened by the loss of fiscal discipline, deteriorating public financial management, and contracting of non-transparent oil advances, which have increased corruption vulnerabilities” (…) “The banking sector is yet to recover from the adverse effects of the civil conflict, high inflation and strong currency depreciation. Consequently, many domestic banks are heavily undercapitalized and face rising non-performing loans” (International Monetary Fund – ‘IMF Country Report No. 19/153 REPUBLIC OF SOUTH SUDAN 2019 ARTICLE IV CONSULTATION—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR THE REPUBLIC OF SOUTH SUDAN’ 04.06.2019).

We are seeing now what is at stake for the government in Juba to fix and ensure that they get to stabilize the economy, as well as finalizing the peace-agreements. So, that the public get enough peace to get the banking sector working, the financial markets running and possibly stop the economic crisis. Which has only been made worse by high inflation, strong currency depreciation and grand corruption. All of this has to get in order and get corporate governance, and financial statutes to safeguard the economy.

This will not happen over night, but the IMF is really warning in their press release and in their staff report. I just showed the gist of it. But it wasn’t positive.

To end with a few final statements from the Executive Board Assessment: “Directors observed, however, that the country is facing a deep economic and humanitarian crisis, and underscored the importance of decisively implementing key reforms to restore macroeconomic stability, strengthen economic buffers, improve governance, and rebuild credibility with the international community” (IMF, 04.06.2019). Peace.

Russian Agency for Patents and Trademark: Trump Tower Moscow Trademark Registration Papers (04.06.2019)