Possible outcome of the revised Investment Code of 2017!

Yesterday at the Plenary in the Parliament, discussed the revised Investment code of 2017. Which in its self isn’t the most exiting thing. Nevertheless, the reality is that this is now in Parliament shows a push from the Members of Parliament and the Committee of Ministry of Finance, Planning and Economic Development (MoFPED). That they are up to something. They are trying to forge something ahead. However, as the President has claimed the bureaucrats for being lazy, this shows another attempt. However, if this parts of the laws are enacted. Will ensure that it takes longer and the quality of the Foreign Investor to hold onto the new demands of the state. This will also give more power to the Uganda Investment Authority (UIA).

As the September report on the bill states. They will register all investments and all incentives inventory, as off who is doing what and licensed to do. As the Foreign Investor has to comply too a more rigid laws to be able to in the first place now.

Because the change of laws is that an exports of a minimum of 70% of the production in the given incentive, hire at least up to 60% Ugandan citizens and accept to monitored by the authorities and the statutes within the law. This being the UIA, which has the oversight.

The Incentive before launching has to verified and certified by the UIA. The same authority that has oversight and register the incentives. The Foreign Investor has to notify the UIA if they are complying with their inventory to the UIA as per law.

As to make it more hectic for anyone to invest is not allowed to directly to be investing in farming, as production of agricultural output. They cannot do that, but they can be able and allowed to own factories and businesses that helps the farmers to get better crops or bigger livestock.

The law states further the priorities for a Foreign Investor, as per law: “1. agro processlng; 2. food processing; 3. medical appliances; 4. building materials; 5. light industry; 6. automobile manufacturing and assembly; 7. household appliances; 8. furniture; 9. logistics and ware-housing; 10. information technology; or ll. commercial farming”.

This really put the parameter for what they can and cannot do. They are specific as to who allows, what sort of investment, who certifies and who monitors. Therefore, a foreign investor, by law has to comply a lot more and has to have more paperwork to prove his business-plan, prove his investment, his hires and his initial plan for getting exports of the giving products. This will clearly hamper investments and create a longer time-table for them. As the Foreign Investor cannot focus on local market, but on international market, because that is how it is by law. In addition, when you invest in something, you don’t want to loose your certification or your rights to produce or export given products.

Also, the same investor needs to incorporate the business with the Registrar General, a certified of remittance by the Bank of Uganda, the second, the certified of remittance to lodge an application to the Department of Immigration and this department have to give the Foreign Investor a permit to do stay and do business in Uganda. Therefore, before engaging with the new criteria of the UIA and MoFPED, the investor has to get the BoU in check and get the Department of Immigration. If all of these factors doesn’t slow down a process, nothing does. This is clearly a way of securing jobs for bureaucrats and lesser the burden of the foreign exchange and remittance in general.

  1. Get UIA Approval and Certification of Business
  2. Get BoU Certification of Remittance
  3. Get Department of Immigration – Permit and Application of Remittance
  4. Getting monitored by the UIA to see you comply with the codes.

If that sounds like an easier way in, it doesn’t, more offices and paperwork, before even spending money. This code will clearly hamper more foreign investors from coming, unless they are giving Presidential Handshakes to the President. I am sure he then lets them in. Peace.

Bosco was warned in 2016 about printing own currency, but in 2018: Goes ahead with it anyway!

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” Ernest Hemingway

There are someone who doesn’t listen to advise, even when it is well written and with shown data to President Yoweri Kaguta Museveni in October 2016, as there was reports and even made deals at the State House on the 7th October 2016. As the meetings was already ensuring and securing the deals between the Government and the printing company Veridos GmBh. By that time the Veridos company had delivered their commitments to print currency in Uganda. Also a comprehensive business plan that envisioned the proposed joint venture between Veridos and the government.

Now it is the 10th October 2018. Surely for many or plenty, this sort of an agreement is forgotten. Again, today at Entebbe State House, the deals was sealed.

As the Chimps Reports stated: “In the meeting that took place at State House Entebbe on Thursday afternoon, President Museveni noted that this new venture would save Uganda a lot of money that it has been spending on printing documents from abroad. “There was hemorrhage of resources that was unjustified. Money was going out to print currency notes for a long time. About US$25 million was spent each year to create Ugandan currency,” he said” (Kyatusiimire, 2018).

He is saying this without saying the cost of what sort of agreement the government has with company they are already using. As the lack of openness is shown from the state. That is why in 2016, the documents leaked and today, they just came on a government friendly web-paper.

To long:

Interestingly, Mr Museveni, who thanked the German company for its joint cooperation, criticized government officials for “taking too long” to act on such “crucial matters that affect the country.” He added that licensing bodies must not “over price working licenses for investors because it cripples investment and discourages potential investors. “These things of taking two years to deliberate on such matters must stop. Why did you spend two years discussing something that was so obvious?” he wondered” (Kyatusiimire, 2018).

That wasn’t obvious to the Governor of Bank of Uganda Prof. Emmanuel Tumusiime-Mutebile or the Minister for the Ministry of Finance, Planning Economic Development Matia Kasaija, who both was skeptical, not only because isn’t a company who is known for producing currency, secondly the costs are likely to be more, than what they have today and last the possibility for more forgery. All of this data was scrapped, as Bosco had decided himself.

So for some weird reason, Bosco want to take a bad deal, which his experts has said is a bad deal. He complains that his experts has made it takes this, because they didn’t have faith in the project. All been done at the State House, as it was started in 2016 and rewinds again in 2018. What value has the Governor of the BoU and Finance Minister, when their words are meaningless towards Bosco?

Someone please tell me, because I got nothing. Peace.

Reference:

Sharon Kyatusiimire – ‘BREAKING: Uganda to Print its Own Money Locally’ 04.10.2018 link: https://chimpreports.com/breaking-uganda-to-print-its-own-money-locally/

Robert Kyagulanyi aka Bobi Wine statement on the Second Passing of the Mobile Money Tax (02.10.2018)

Today I attended Parliament after some time, for the sole purpose of making our voice heard on the mobile money tax. The government has deliberately avoided a discussion on the social media tax!

Majority of the NRM Members of Parliament voted to maintain the mobile money tax. 164 MPs voted in favor of the tax while 124 of us voted to have it scrapped. I know that we are all disappointed but not surprised.

Once again, a majority of our elected representatives ignored the cries and pleas of the common person. I have made it clear to my colleagues that we must learn to side with the people or the people will despair. They cannot continue to further oppress the already oppressed citizens of this country.

I must appreciate all colleague MPs who voted for the removal of the tax. Special thanks to the many NRM MPs who defied the intimidation and voted with the people. From experience, we know that they will be persecuted for taking a contrary stand. But I know that the reward for doing what is right always outweighs any form of persecution.

Ultimately, all these things emphasise what I have been saying- our redemption will not come from anywhere else. It will come from us. We only need to realise that all power lies with us. If our own MPs, elected by us, cannot listen to us on anything, including redeeming us from exploitative taxes, then we must realise that WE ARE ON OUR OWN and work each day to liberate ourselves. No one else will do. Teli kuzikiza.

Zimbabwe: The new 2% Mobile Money Tax on each transaction, effective yesterday!

The Reserve Bank of Zimbabwe (RBZ) Governor John Panonetsa Mangudya dropped a Monetary Policy Statement on the 1st October 2018. This one is really telling the state of the economy, as they are planning to find ways to cover their deficits and also fueling the financial state will all means. They are pawning the state and hoping to finds ways to cover the expenses.

Especially, will the Zimbabwe African National Union – Patriotic Front (ZANU-PF) who will address and put this into effect.

The major task is the electronic and digital payments or transactions, which the Monetary Policy is addressing too, just like other countries recently. Therefore, the public will cost for the expenses that the ruling party has taken for granted.

This amount of money, they want to tax:

A total of 3.2 million transactions valued at US$37.6 billion were processed through the RTGS system during the six months ended June 2017. This represented 25% and 31% increases respectively. The mobile payment channel was second highest with 13% and 14% increases in volumes and values aggregating to 15 million and USD5 billion correspondingly” (RBZ – Monetary Policy Statement, 01.10.2018).

As the RBZ told the estimated usage, the Minister of Finance and Economic Development, Prof Mthuli Ncube, dropped his statement on how to tax that money:

Treasury introduced the Intermediated Money Transfer Tax with effect from 1 January 2003 through the Finance Act 15 of 2002. The tax was set at 5 cents per transaction, which was a specific tax. However due to the increase in informalisation of the economy and huge increase in electronic and mobile phone based financial transactions and RTGS transactions there is need to expand the tax collection base and ensure that the tax collection points are aligned with electronic mobile payment transactions and RTGS system. The information we have so far is that in 2018 1.7 billion transactions went through as compared to 50 million four years ago. I hereby review the Intermediated Money Transfer Tax from 5 cents per transaction to 2 cents per dollar transacted, effective 1 October 2018” (Prof Mthuli Ncube, 01.10.2018).

With the knowledge of the usage of Mobile Money, this will clearly hit the citizens with the least. Also, all informal usage of the mobile money use. This is clearly, a way of bleeding the financial market as every transaction will be more costly. By doing so, the state is also taking out valuable funds, as these are taken out and not able to be spent on needed goods and services.

This here will impact the transactions and also most likely, ensure that less people are using them. As the cost of Mobile Money are too high. They are really pushing the envelope and adding more cost to ordinary life. As the simple thing of moving money from A to B becomes costly and the adding expenses are all because of the state. This because the government are making sure people are paying more every single time. They are directly paying two percentage tax on the Mobile Money transaction. That is effective from yesterday. This is what the government are doing its citizens, where the government have to do crowd-funding to fix the cholera problem. That is the government that are doing this too. Peace.

Opinion: If Bosco and NRM have a problem with foreign interference, than stop taking their money!

Charity … is the opium of the privileged; from the good citizen who habitually drops ten kobo from his loose change and from a safe height above the bowl of the leper outside the supermarket; to the group of good citizens (like youselfs) who donate water so that some Lazarus in the slums can have a syringe boiled clean as a whistle for his jab and his sores dressed more hygienically than the rest of him; to the Band Aid stars that lit up so dramatically the dark Christmas skies of Ethiopia. While we do our good works let us not forget that the real solution lies in a world in which charity will have become unnecessary.”Chinua Achebe

At this days, the National Resistance Movement (NRM), the peddlers of information and defense of the ill-advised activities of the Ugandan Government are now attack the Foreign Donors for interfering in internal affairs in the Republic. However, what would President Yoweri Kaguta Museveni and the NRM do without the donor funds and direct government support?

As every time there is a launch of government programs and development projects, it is mostly based on foreign currency and funds, which secure the needed services of the government. That is why if a road is built, if a bridge is fixed or even possible investments into oil industry. It all defines by the need of foreign investment and donations. As without these, the government wouldn’t be able to carry it, as they are drowning in debt and lack of fiscal financial funds to actually do it. That is why either United States, European Union or China is behind the support of various development projects and direct government funds.

However, if the Republic has an issue with the criticism from the EU after the Arua By-Election. Then first do yourself a favor. Stop taking their money and their government support. As they are the ones pledging these funds and therefore, they are not wanting to help a government that hurts and kills own citizens to stay in power. That is why the EU is reacting to the open-bazaar torturing and oppressive behavior of the NRM regime. Bosco and his henchmen might be mad that this is leaking and that this hurting their pride. Nevertheless, if they have an issue with the EU, take it in the diplomatic channels and also address it as political operatives. Instead, they are attacking the EU. They should be lucky that the EU isn’t suspending their funds and stops direct support. Because we have seen what that did to Uganda, when the World Bank suspended funds to Uganda National Roads Authority and stopped building roads for a while.

Therefore, if the Ugandan Government don’t want to be transparent or questioned for their behaviors by donors or even foreign powers. Stop taking their money and use their funds for needed government services. Stop taking the donations and loans, the fiscal supply from abroad and forget that there is no free money. There will be strings with taking the money from either Multi-National Organizations, the Breton-Woods Organizations and the other Aid Agencies. All of them have a mission and policies to follow, just like the state. So if the state they operate in breaches this, they have the rights to voice it out. As this is their money and they are using them in Kampala, instead of Mogadishu or Kathmandu.

That is why the NRM and Bosco has to get real, they are not donor darlings anymore, because the reality of the acts of this government is shown to the world. Not because of Bobi Wine, but because of what the NRM does. Their acts are shown and repeated, beating civilians, not taking care of their ill bodies or even making sure their rights as citizens are respected. Especially if they question the President and his party. That is a no-go.

Therefore, the NRM and Bosco have to decide, do they want to only take loans without any interference from China or do they want funds with strings from EU/USA? Does the NRM and Bosco want to make sure that they can pay-back the loans and interests to the Chinese? As they are not as forgiving as the Western Powers, as they did write-off loans in 1980s and early 1990s to Uganda. That should be remembered, but Museveni have become forgetful, unless it fits his continued existence and rule.

That is why the defenders of the government and party, should ask themselves, if it is so critical and important to be independent and sovereign, why take foreigners money anyway? Can you not operate without it? Then you are totally free and they can shut-up, as they are not contributing anyways. They can just be naysayers from abroad and their input will not have any force behind them. However, now, the Ugandan government should ask themselves?

Can you stop the donations, the loans and funding from all the stakeholders and be truly sovereign?

If so, than the power of the donors will be depleted and their reach will be less. However, as long as they are letting donors be key part of government programs and development projects, they are obliged to listen and follow some of the strings attached. Peace.

After Chaos in the Parliament: Massive Taxes been levied on the Public!

Today, will be the day of “nayes” and “yayes” of the Kenyan Parliament. As there was report of lack of quorum, meaning, lacking the need of 2/3 of the Parliament to vote, as it needs to be to enact a bill. However, that was a none issue for the Parliament and the chaos that has happen today proves it. As the Speaker couldn’t manage the House and neither the voting. As dozens of MPs left the Parliament and the chambers during the first vote, but however, the second vote enacted it. Even if the reports of lacking amounts of MPs are there.

The national assembly has 290 elected MPs; 47 women elected from each of the 47 counties and at least 12 members nominated to represent women, youth and the marginalised. These add up to 349 members but only 215 were present for the vote, but you need about 230 votes to have needed MPs to pass a bill. Therefore, someone has rigged the numbers as the 134 MPs left the chambers today or even didn’t show up to cast their votes. Not just the Presidential Elections are now rigged, but the votes inside the Parliament. Meaning, the state doesn’t care how they follow the needed orders of the Executive and not the laws of the Republic.

Here is the taxes that is enacted today, as the people will pay more taxes at a staggering rate, as the state has damaged themselves with high rates of loans, sky-rocket levels of corruptions and investments that isn’t profitable. Therefore, because of the deficit created by the loans and corruption, the taxes are coming now to pick that up. This is damage created by the politicians and covered by the public. The Representatives are thieving and the ones covering for them is the public.

On the financing of the Supplementary|Estimates, 2018

The Committee was informed that;

To ensure the budget is fully financed, the President, through a memorandum on the Finance Bill 2018, proposed a raft of measures for re-consideration by Parliament. These as follows:

a) Reduction of VAT on petroleum products from the standard 16% to 8%.

b) Re-Introduction of excise duty on fees for banks and financial services at 20% from the current 10%.

c) Telephone and data services at 15% from 10%.

d) Mobile Money transfers services from 10% to 20%.

e) Excise Duty on fees charged by financial institutions from 10% to 20%.

f) Re-Introduction of tax on sugar confectionary.

g) Re-Introduction of tax on exportation of copper waste and scrap at 20%.

h) Contribution of 1,5% of basic pay each for employee and employer to be paid into the National Housing Development Fund.

I) Reduction of gambling taxes from35% to 15%.

j) Introduction of anti-adulteration levy on the importation of illuminating kerosene” (Report on the Supplementary Estimates for FY 2018-19, 19.09.2018).

You can really see that the MPs and the President is punishing the public for their reckless behavior in power, as the growing debt are now hurting the citizens. It is not hurting the MPs and the Parliament itself. As the public will pay more for transferring money, using cellphone services, garbage, higher direct PAYE for the ones working and so much more. Therefore, the cost of living will go up, the prices on the commodities and less money into the formal system will happen to. As people will save their money and they will use less of mobile money, as they rather transfer money in other ways to save and use the informal ways. The same way with other things, as the prices of this goes up. These taxes will surely take the money out of the system and ensure less fiscal funds within the Republic.

President Uhuru Kenyatta with his memorandum clearly didn’t care much for the ramifications, as the MPs actually just rubber-stamped it. This is all for the excuse of closing in the deficit, but these MPs knows why there been growing debts and lack of fiscal funds, as the state are making to big budgets to handle or to find funds. That is why they are in this predicament in the first place.

Kenyatta should try to repay all the grand corruption scandals and get his cronies to do the same, as that is one of the reasons for shortfall and lack of fiscal funding. Therefore, this funds could fix the lack fiscal responsibility, but the President will not do that. That is why these taxes are levied. Peace.

President Kenyatta wants to overtax the public to cover the deficit [which is half] of the budget

President Uhuru recommends revision of mobile phone transaction excise duty to 20% from 10%, bank transaction 20% & phone, internet costs 15%” (K24 TV, 18.09.2018).

When seeing the new planned taxes from the Jubilee, this meaning the Kenyan President Uhuru Kenyatta and Deputy President William Ruto. It all makes sense, as the new budget as explained underneath is really special. As the graft-ridden, debt-raising government under these fellas are continuing, even as the state is payer bigger and bigger slice of the budget to repay old debts. That is why austerity and ensuring a proper would be priority, however, the Jubilee are really planning an overkill. That is why the explained issue is very clear!

If adopted by the MPs on Thursday – during the second special sitting, the budget will reduce to Sh2.971 trillion as the government fights to bridge the huge deficit because it is only able to raise about Sh1.6 trillion” (Daily Nation, 18.09.2018).

When the Daily Nation calls it a huge deficit, it is half of the budget. It is actually over half of the budget that is a deficit. These funds has to found somewhere, if they are printing money to fill this gap, than the Kenyan Shilling will loose value and soon be valued less than the Ugandan Shilling. That is something Kenyatta doesn’t want to spoil his legacy. If this means more debt, than he he continuing an evil circle of renewing old debt, while adding new debt to pay for the deficit. This shortfall will not be covered by these taxes proposed in the Finance Bill. As these will also ensure that people are closing off from the Mobile Money, using banking less and also later less online.

The Kenyan Government instead of adding growth, they will actually tax themselves into recession and even depression. As the lack of currency will appear, as the monetary system in the way of taxing transactions and mobile money, will discourage people and make life in general really expensive for paying for needed services. They will find other informal ways of doing it or even more in cash, as they will save paying the added fees. People are made like this and the Safaricom M-Pesa will be hit, just like Mobile Money was hit in Uganda earlier this year.

Kenyatta should have learned from that experience, as the Mobile Money and Transaction Tax will hurt the citizens and also ensure that the poorest will find other ways to pay their bills. As they cannot afford and will use other ways of getting the things they needs. Therefore, if the Jubilee government did their due diligence, they would explain these taxes. Instead, they are unleashing them without paperwork. That means they are just to cover the shortfall, but not by finding ways of creating wealth, but taxing everyone. Hoping the funds will magically appear and find ways to pay old debts.

If Kenyatta could print money and just pay the creditors off, that seems like his dream. However, he knows that is a bad idea. Instead, he picks to overtax and kill the economy, as the transactions and movement of money will be costly, this will constrain the public and not create development. Certainly, this will backfire. But at what level is what known, but if the deficit of bewilderment wasn’t bad enough. The overtaxing of the citizens will really put the public over the barrel. Peace.

President Kenyatta promise more austerity measures!

The Kenyan President Uhuru Kenyatta have today pushed for a lower VAT on Petroleum, not showing why it gets cuts in half, but still will charge the public more in taxes. While state is promising more cuts in all arms of government. This from a government that has borrowed more spent more and been more corrupt, than any other I can think off. The Jubilee government have a ten-fold of corruption scandals since its inception. Therefore, if the government would clear its yearly shortfall quickly, the embezzlement, frauds and tender scandals has to stop. Also, the open looting by the high-ranking officials and their cronies, which for some reasons skates by, while the funds are running short. That why it is further insult to injury of the public, that the Wealthy President and his rich cronies are asking for a sacrifice. How could he?

Here is his statement:

“Fellow Kenyans, I have spent the last few days listening to a wide cross-section of views. It is clear that you are all troubled by the effect of the rise in the prices of petroleum products, and its impact on the cost of living. I have heard and understood your concerns, which is why I have proposed, as part of my memorandum, to cut VAT on petroleum products by 50% — from 16% to 8%. Should Parliament accept this proposal, the price of super petrol will drop from KSh 127 to about KSh 118, and the price of diesel will drop from KSh 115 to about KSh 107. Just as business owners took the new VAT rate as an opportunity to increase the cost of goods and services, I expect them not to take advantage of weary citizens, and to lower their prices commensurately and without delay. But we still face a financing gap. This measure will not suffice to balance our budget, as required by law. Therefore I have also proposed wide-ranging cuts in spending as well as austerity measures across all arms of government. The cuts target less essential spending, such as hospitality, foreign and domestic travel, training and seminars, and similar categories. These budget cuts ask of us in government that we tighten our belts. It also ensures that the sacrifices made by tax-compliant Kenyans are matched by discipline from all of us in the public service” (Uhuru Kenyatta – ‘STATEMENT BY HE THE PRESIDENT OF THE REPUBLIC OF KENYA AND COMMANDER-IN-CHIEF OF THE DEFENCE FORCES, UHURU KENYATTA C.G.H., ON FINANCE BILL 2018/2019 ON 14TH SEPTEMBER, 2018’ (14.09.2018).

This here shows how he thinks and manoeuvre, instead of thinking directly how the elites, the cronies and the central leadership to pay for the shortfall, the added debt and growing corruption will cost the public and not them. The austerity and the lack of service providing, even salaries and lack of needed services will come with time. As the defaulting debt and the restructuring that is programmed through the IMF will hurt the communities.

Kenyatta knows this, but trying to deflect and finds ways to smoothing the hurt, but not initially changing the paradigm. The reality is that the state are struggling financially, have over-borrowed and secured massive debts, it now has to pay with interests, while also swiftly embezzled funds to the high-ranking elites, which are not paying for the short-fall, but the tab is put on the public instead. That is the insane reality and the swindle of the century.

There are usually two sides to ever story, and two side to every coin, but the man who has both created it the issue, are now trying to find ways to billing the debt on the public, without taking direct responsibility or going after the ones who created this in the first place. They are off the hook and off the books. While the public will be left with the costly back-payment and figuring out to pay it back. Day-by-day. Peace.

Opinion: If the Cabinet scraps NMS and UNRA, what about the weird expenditures at the Presidential Affairs?

As the giant Cabinet of the Republic are planning to scrap Uganda National Roads Authority (UNRA) and National Medical Stores (NMS), that these are going back into their ministries. Because of how these two organizations has supposed wasted government funds and spending. The National Resistance Movement (NRM) knows the ordeal and the reasons for that, but they are instead scrapping the organizations, to keep the deals in-house and not as sole organization doing the operations as expert organizations for the government. That is why this will go back to Ministry of Works and Transport for UNRA and Ministry of Health for NMS. I have one more vital idea for the Cabinet members, but don’t expect them to so.

Today’s news:

The Cabinet has taken a decision to scrap Uganda National Roads Authority (UNRA) and National Medical Stores and transfer their mandate to the mother ministries to reduce wastage of resources. According to a source, the decision was taken in two meetings with the first held on August 20 and the last one on Monday last week. The source said President Museveni was unhappy with the UNRA performance, especially in the rural areas where roads are impassable yet it is where majority of votes for his NRM party are” (Andrew Bagala – ‘UNRA to be scrapped in merger of government agencies’ 03.09.2018 link: http://www.monitor.co.ug/News/National/UNRA-to-be-scrapped-merger-government-agencies/688334-4740804-qvrsbnz/index.html?utm_medium=social&utm_source=twitter_DailyMonitor).

As these ideas are noble, but we know the reasons in itself. More direct control and cannot use the organizations as faults for the corrupt, graft and embezzlement anymore. The Cabinet are thinking this will stop this, but they are just making sure the deals and agreements made with tenders and buying, will be happening in-house and not by experts in the same regard as today. That is the real reaction to what is happening with this.

My advise would be find ways to merger and move responsibility from the Office of the President, State House and Office of the Prime Minister. As these could be moved to their representative ministries, as the Youth Livelihood Programme should end elsewhere. The budgets for the Residential District Commissioners are put under the President, this should be put Minister of Local Government and not under the President.

Like what does the budget of Internal Security Organization and External Security Organization lay under neath Office of the President, as this should be under the Ministry of Internal Affairs or Ministry of Foreign Affairs.

As well as all the development expenditure that is parts of the Office of the President and Office of the Prime Minister. Both of these should have been put under fitting expertise of certain ministries, as the Ministry of Agriculture, Ministry of Education and Sports, Ministry of Works and Transport and so on. As well, as the ones fitting Ministry of Internal Affairs and Ministry of Internal Affairs. All these ministries could have connected these projects under the State House, Office of the President and Office of the Prime Minister.

Like what does the Uganda AIDS Commission does under the Office of the President, shouldn’t this be under the Ministry of Health? Why does the Office of the Prime Minister have the Disaster Preparedness and not the Ministry of Internal Affairs or the Ministry of Local Government?

This is just what I wonder about, because, if the Cabinet is serious about scrapping UNRA and NMS, why are not the government looking into the weird expenditures at the Office of the Prime Minister, State House or even the Office of the President?

They should really ask and wonder. If they are not doing this as a political stunt, as we know how corrupt these enterprises are, but will it make a difference to cut out the middle-man? Peace.

Bank of Uganda: Monetary Policy Statement for August 2018 (13.08.2018)