DFCU Bank: “Re: Alleged DFCU Bank Cheque” – ‘Saga of the Hon. Odonga forged bank cheque’ (13.01.2017)

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Letter from Hon. Otto Ondonga to DFCU Bank “Re: Alleged DFCU Bank Cheque” (12.01.2017)

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Opinion: Ugandan Government rising debt levels, brings fear of higher inflation, devalued currency and defaulting on the debt!

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Well, an election year and campaigning as a tyrant and dictator cost, the fortunes splashed on fellow peers and citizens to buy goodwill costs. The price usually happens after the splash funds on villages and on buses. The estimated exhaust of funds and State House can strain the economy. Therefore after elections in the past there been rising food-prices, more expensive oil and gas and other needed imported goods for the average citizen.

This is happening as the donor-community doesn’t have the same faith in the Movement or the President that been there since 1986. His longevity is now hurting him, as his tricks of trade isn’t building steady progress, instead he is using up every single allocation to make sure the loyal servants and movement peers are paid-in-full, even as his own party haven’t paid salaries for months. There are rumours of how the Special Force Command with Maj. Gen. Muhoozi Kainerugaba has gotten their salaries received as much there are questions of the government bailouts of the friends and business-mates of Gen. Salim Selah.

Still, the economic problems continue to arise, the ill-minded would say there hope of wealth, but the lack of transparency, misused funds as the Uganda Revenue Authority – Oil Money scheme and other’s prove there are lacking accountability for how the government funds are spent. This with the knowledge of the lacking salaries to teachers and even Local Government funds that are spent without concern of showing where it got spent; all these activities doesn’t give confidence and trust between the stakeholders and citizens.

With all of this in mind the revelation that the growing debt are now eating too much of government spending, as the arising splashing of funds to civil servants are happening; the reports from Bank of Uganda (BoU) isn’t a beautiful fairy-tale, instead it is doom.

“In its state-of-the-economy report for December 2016, BOU said: “There are also perceptions in the market that Uganda may not be able to service its rising debt levels.” (…) “The central bank said external debt has grown rapidly and, on a commitment basis, is now estimated at $10.7bn as at end of October 2016. BOU said: “A lump up [in] infrastructure investment has contributed to a rise in our debt portfolio in recent years.” (…) “Uganda’s public debt burden has risen by 12.7 per cent to 38.6 per cent of GDP in 2016/17 from 25.9 per cent of GDP in 2012/13. BOU says it is projected to continue rising towards 45 per cent of GDP by 2020” (Mwesigwa, 2017).

Highlights on the 2015/16 budget (New Vision Graphic)
Highlights on the 2015/16 budget (New Vision Graphic)

That the Movement and the NRM are not able to service their debt, is an indication and will also create a problem with the banks and multi-national financial institutions that has offered these loans to help the government with the day-to-day operations of a sufficient government, as well as offering loans to promising infrastructure projects. These all are now in danger of defaulting loans. These levels are estimated to become 45% of the income of the Republic, which is not the sign of riches; more of poverty and mismanagement. The Executive that has been leading the nations for the decades have seen the signs of the wall, but instead of telling the truth; he has promised industrial revolution and amazing progress that would be bigger than when the United Kingdom found out how to earn money on the Steam-Engine. The same kind of promises to become a middle income nation, when your debt burden is arising as rapidly as it is doing now.

This should be worrying as the Movement has revealed and gotten released plans for own total production and releasing own notes, that could also increase possibilities of devaluing the currency, this with growing debt can create a hyper-inflation that only his fellow comrade has been able to create in Zimbabwe. That is the worst case scenario if the bank-notes production gets out of bond to sort of make quick fortunes for the Movement.

The Movement has all their days used any kind of acts to get monies for themselves and hide it away, only when gotten public they needed to have inquiries and detain the ones that not kingpins, but the low-level employees that doesn’t hurt the leadership. Therefore the concern of not a fiscal well-thought monetary policy, as the Movement are more settled on building projects without having to have giant loans from Multi-National Monetary lenders like IMF; AfDB and others. These loans has to be paid back and also with interest. As the Government bonds has also lost their track compared to the need of sufficient funding. These institutional defaults and as well with the lack of clear conscience of the use of funds, shows the Movement has to step up their game if they don’t want their currency and their budget to lack funds for the coming budget year.

The growing loans will also stop the amount of absorbed funds in the republic goes down as the government has to use bigger parts of the resources on loans, as the extended collected funds from URA might have grown, but they are not collecting enough to keep up with the debt. If so they wouldn’t have defaulted and probably would have paid their interest and debt rate as promised when they we’re accepting taking on the debt.

Time for the Movement and their regime to charge, change patterns, their eating as much as they can, but they will leave the next one with a huge bill of no-confidence, while their short-term riches will be spoiled and devalued as the coming depressing economic stability will not give the market and the currency the needed trust as it should has a tool for exchange values between two parties. Peace.

Reference:

Mwesigwa, Alon – ‘CENTRAL BANK WARNS ABOUT RISING DEBT’ (06.01.2017) link: http://www.observer.ug/business/50631-central-bank-warns-about-rising-debt

Lord Mayor Lukwago appoints members of KCCA Public Accountants Committee (19.12.2016)

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Opinion: Mwenda’s life shouldn’t be in focus, there are so many other important political questions unanswered right now in Uganda!

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I find it weird that the Facebook posts on Facebook are addressing the sexual preferences of Independent Magazine editor and owner Andew Mwenda, the man who has gone from a lone voice for the citizens to suddenly sounding like a regime imposter. Still, that is a another discussion than what has been on the web of late. Whatever sort of love-life he has is in my opinion his business, unless he marries and get wedded to the daughters of President Museveni or related to his kin. If so, than he is part of the Movement elite and the discussion of his “free” mind would be more in question, than it is already is after the revelations of late about his economic transgression with Rwandan Government and other questionable clientele.

Still, the bum-fun and the dirty dozen is the questions that are trying to figure out, instead of discussion needed political transgression that needs to be addressed, as of all of sudden in Masaka where there only green area that is saved the Masaka Golf Club, but the rest of land is grabbed by rich Chinese investors in haste that seems more like a heist than a power move from the buyers of the land. As they have sealed of land for banking business without proper titles or informed the other Central Government and not even the Local Government; the Local Council seems also boggled as much as the Masaka Golf Club who even written a letter to Central Government on the 27th December.

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This is interesting enough as the trial and imprisoned soldiers that came from the UPDF garrison in the AMISOM mission, that has already leaked pictures of torture where the fellow who are alleged for selling weapons and ammunition to Al-Shabaab warlords that the AMISOM mission tries to squash and get rid of, apparently have been mistreated by their own before a trial and proof of evidence. Soldiers and men who are serving the military and one apparent wrong to selling equipment while being on tour; still, the reason for these activities is that the UPDF and Ugandan Government haven’t paid steady salaries and the hungry fighting soldiers has to get funds to sustain themselves. Even stealing and selling ammunition to the ones they are trying to fight. That shows how wrong the systematic eating of the Central Government towards their own, how forgotten and how the mismanagement of funds from African Union and United Nation in the AMISOM army. They even torture their own who has done the last resort to pay themselves as the soldiers needs to eat food and send their family needed funds. That is why they signed up in the first place, not because all of them loves to shoot-to-kill. We already has seen during the years that the Ugandan Garrisons has sold gasoline and other equipment to sustain themselves, so that the soldiers goes to these extend says something about the arranged maladministration from the top to the bottom of the food-chain.

These two cases alone should be put on blast, more than the Mwenda’s troubles and that he cannot keep his house in order. That the land-grabbing happens as rampant that the commercial golf-course in Masaka reacts by the Chinese land-grab should put the fear in the locals and the ones who feels that the state shouldn’t just move people and take away land for a simple dime without consideration of the Local Council and Local Government, because the Central Government really needs funds. That is evident with the recent case of soon starting to print own monies that even the Bank of Uganda, fearing the inflation and devalued currency that could make the hyper-inflation as pure case for Uganda. So that President Museveni can follow the suits and shades of President Robert Mugabe who made it possible in 2007-2008. So the 50,000 note wouldn’t be biggest anymore after the start of printing. The Ugandan Citizens might have use 300,000 to buy a hand of tomatoes at the market and pay for a short ride on a boda-boda 100,000 instead of the about for instance 3,000 now. So the biggest note from the Central Government of Museveni will be after the deal is sealed is 500,000 or even a 1,000,000. That is if his business partners are lucky and get their hands in the cookie-jar while the citizens will struggle more to pay for ordinary products. That is the worst case scenario, but not far away from the regulated funds and monies in the market might be juked and fixed to the moment of brilliance of Museveni instead of technocrats that can keep the inflation at bay.

Still, people are more worried if the Mwenda has a gay-lover or more, if he has a girlfriend or even if has land overseas, as the editor is that special and needs to be discussed in this matter. Like Tamale Mirundi needs to explain how he orders tires to his taxis, buses and how make his wife happy. Instead of us hearing and understanding their machine mouths of ignorance, brilliance or nonsense depending on their day.

We should be worried of the debate, the level of what is important when the national dialogue goes on this while we haven’t gotten answers for the apparent violation of movement and religious activity as the Police Force and the other Security Organizations went into the Nakasero Mosque in the middle of the night without any pre-warning and raided the holy-house on non-existent intelligence during the Christmas Season.

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We are not to may days ago since the UPDF and Special Force Command burned the Bukihari Royal Palace in Kasese. The Kasese clashes and the deaths of several guards, police officers and soldiers during the bloody days of November 2016; this together with the aftermath where the Ombusinga bwa Rwenzuururu Charles Wesley Mumbere are lingering on treason charge at Luzira Prison while the state and security organization isn’t delivering any profile or case worth talking about. But they could pull the trigger and delete the existence of Royal Guards, kids and other bystanders as the UPDF, UPF and Special Force Command had no issues killing hundreds of people during 48 hours.

Still, a month after this we have no answers, a silent President Museveni who couldn’t care less about the killed and slaughtered citizens in Kasese and in the sub-counties close to Royal Palace. This done without precautions and done with purpose to unsettle the area and also keep people afraid of the Central Government as they can go in with all weapons and guns on civilians without any warrant. Just like they did at the Nakasero Mosque, we will see more of this as the NRM Regime doesn’t care about the loss of life and the viable aftermath after the violence. They are trying to shade over the deaths and move-on. Like they families of the dead can get a new father or mother. They just vanished in the middle of no time and without any charges except the bullets from security organizations from the NRM regime.

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When we have all of this, as much as we have a Parliament who are just thinking about themselves and not the public, why can I say that because the MPs are more important that the rest of the ordinary paying citizens who pays taxes on their salaries; something the MPs in Uganda doesn’t have to care about. While that is happening after all the newly created districts and new levels of MPs the old Parliament in Kampala is to small and doesn’t have enough facilities to the loyalist of Museveni. They need bigger space and that cost, so they can divert funds to fix the building and chambers to be filled with all of them, even if they are not always there and instead fixing suits, fixing fresh posh cars and other casual business. Like a MP who we’re caught during December that he wanted to pay over 1,5 million shillings for a three-some with two female Makererere Students while their University we’re closed. The disgraced MP has not answered after the leaked conversation came unto the web. Still, that discussion is more interesting than the bumping movements of Mwenda.

People shouldn’t dance easy just because these men are Honourable, they are MPs because they are “elected” by the people and they are paying for their existence. Still, they are fist eating without any courtesy and now their workplace get upgraded, while schools are falling apart, teachers payments are inadequate and they even has small farms to feed themselves; while the same teachers are seeing ghosts being paid to secure the local government needed funds to their post cars. Still, the MPs let them walk because the allocations are happening slow and never as much as the budget. They claim there trouble in the system, but not the people who are doing this to eat of it in the Central Government so that the ones in districts has less or nothing to eat off. That is the current state and in this state the MPs decided they doesn’t deserve to pay tax and secondly deserves a better working condition. This is disgraceful to all the diligent civil servants who doesn’t get their salary on time or getting needed funds to keep their buildings, schools and police station that are falling apart.

This is the reality of Steady progress, the proof that the Yellow Movement is a poof, it’s a created manufactured design to divert attention while the President is having a splendid time. Let you forget the torture, the mismanagement and the greed of the MPs. While the system are led by a party where the NRM EC Dr. Tanga Odoi has also been going unpaid and even Justine Kasule Lumumba had to go public and tell that the Movement we’re broke. So dope the Party running the country, the steady progress has let their men and woman go without payments for 6 months. As fresh funds has dwindled. NRM are like Central Government very broke and out of bound with reality. They are spending stupid and not caring about the consequences. Therefore the solution in the silence to print own currency together with a company that is inter-connected with the Museveni clan; that is double payment for the Executive while the citizens pays to pay for their money. A brilliant idea, but also a way of certify the inflation, if they are actually going through with this arrangement.

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Still, people care more about the donuts that Mwenda is eating. So beautiful way of spending Christmas season discussing the dumping grounds of a editor, instead of torture, ghost-salaries, land-grab or Parliamentary Mismanagement where the systemic idiocrasy of Museveni gets into the same speed as Lewis Hamilton on the Formula 1 race track in Dubai. That speed is so fast we cannot follow all of the curves as the track is burning after the wheels leave stains on the tarmac.

The same is happening with real news when the Editor is in focus for his love-life and not all of these government acts. The Ugandan President Museveni should be happy his family and elite can run their Wild West show and let a egocentric writer get all the attention. Still, the people and citizen should react to the UPDF; question the acts of Kasese and not forget together with all the other current events. Peace! 

Opinion: MPs now become tax-exempt is just another way of being unaccountable!

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It is just one of them days where the madness continues at amp speed, where the government officials continue to eat off and sponge of the plate of the citizens. Where the concern for their own behalf counter their constituency and even their own conscience. With that in mind here is ill-spirited news from the National Assembly, the 10th Parliament of Uganda:

“This is after President Yoweri Museveni assented to the Income Tax Amendment Bill 2016. The Speaker of Parliament, Rebecca Kadaga told a plenary sitting on December 21, 2016 that the President signed the law on November 19th, which in essence means that their allowances on mileage and constituency allowances, sitting allowances for committee sessions, town running allowances, basic pay and car purchase allowances, will be exempted from taxes” (Parliamentary Watch, 22.12.2016).

Already as it happens, it is no surprise, none should be thinking that this could appear before the moon and sun, even the doubting stars would not dance of joy. They are just all where they, where are before and will be so after. Still, the constituency of these Members of Parliament, the people of Uganda should not accept this robbery, this negligent concern for their hard-earned taxed monies that been accumulated with vigour from the Uganda Revenue Authority.

This vicious attempt of eating of the spoils, the grandeur of greed while the people both in parties, in businesses and even civil servants doesn’t get paid on time. Banks are collapsing and businesses bailed out, still in this economic climate the wealth and richness are now beholden the men and woman who represent the ones paying the tax. It is amazing that a person earning little or nearly nothing pays VAT on products or on Airtime that become levied to pay for the tax-exemption of the MPs. Together with the ordinary paid tax on working hours and such. Still, the people representing the tax-base and the ones taxed are tax-exempt. Is not extraordinary, that the ones that leaders and representative does not have to pay tax and does not need to behold accountable for the work they do as representatives while they are serving the public.

We can question their moral integrity, the moral fabric of this design and act as they scrupulous extend their wealth on the cost of the population. The reach of malice and bravado that can only been seen as vicious attempt to allow thieving and become unaccountable. They are not ordinary citizens and not even careful law-abiding when it does not matter if they pay tax on their earned salaries.

The outcome of this matter is clear, they do not need to be accountable or even caring about transparency about their wages, their allowance and extra funds are exempt, and they can go by the merry, be jolly with the colleagues, and be sure that people won’t find out their real allowance or credible income. Since they are not really in need of filling that into the tax office or correct their income statement, since for reason number one: they are not levied any tax against in the near future. The law permits them to keep this in dark, the new forms of shady agreement and paid suits will be high flying and this while the proclaimed the URA has tried to put the memo: “have collected more money than ever before”. Still they have not counted in the estimated income or the current inflation to why the amounts of shillings collected has increased!

With that in mind if the collection and disrespect for paying tax will rise in the near, it is understandable as the disgraced MPs are sponging with no concern for their constituents, not on paper and not with concern for their pockets. They are only caring about their own pockets, not the pockets are clearing their checks and balances by the end of the month. The allowances and salaries are now secured as much as their growing wealth as well.

This is disrespecting the law-abiding citizens who themselves pay their levied taxes and are responsible, everyone who contribute their hard earned currency to the plate for common good, that common good is not to be sponged on the individuals who represent the ones who pay. They are supposed to share it to generate a working government with institutions who servers the public and the people. As well securing salaries to teachers, doctors and civil servants, which is the MPs as well, but not for them to become wealthy.

These MPs, this President Museveni has forgotten the basics, he has forgotten policies and what makes a grand state, he has forgotten and it has dwindled in his power-grabbing ways. The thieving starts from him and ends with him, his sign and signature on a damaging bill that creates a vacuum between the citizens and the representatives in Parliament.

President Museveni has forgotten due-diligence and even self-respect as all he wants to do is eat and let his loyal elite eat; so they will vote for his bills instead of concerning them with the people, the citizens who they represent. They can pay for their cars, their houses and salaries, but the MPs do not need to be accountable or even pay tax for it. Because the honourable, the elite, these Members of Parliament think they deserve to be grander and wealthier than the ones they represent. In addition, how wrong they are, because they are supposed to understand and make the citizens life better and their needs for better future. Now they are only concern with their own. That is not a good look, it is a bad one and it is self-inflicted. Peace.

Leaked: Secret Bank Notes Production scheme between Verdios GmbH and President Museveni!

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Uganda: CSBAG statement on the Income Tax (Amendment) Act 2016 (21.12.2016)

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Dr. Tanga Odoi lacking salary is the proof of maladministration from the NRM regime

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National Resistance Movement hasn’t apparently paid Dr. Tanga Odoi his salaries for the six months. That is half years pay that the ruling party hasn’t paid their internal Electoral Commission that we’re in charge of NRM Primary Election that we’re before the General Election in 2016.

There isn’t something right when the ruling regime, the ruling party run by the President isn’t doing the right thing. The ruling regime is keener on keeping their loyal investors and cronies as in the recent months they outspent monies and emptied the treasury chest of the State House. Still, they couldn’t cough of funds for the NRM Organization. The NRM Central Executive Committee should focus their funds. They must have diversified the funds that we’re for the NRM House and the NRM fundraisers that we’re before the General Election this year.

The President knows that the party and organization needs him, therefore he can even let them starve, while the land-grabbing are happening in the districts far away like Amuru, while the Kampala based investors get to eat from the government plate.

We would think the Musevenist would be paid by the grand man himself. Instead the NRM-O and NRM-EC is left in the sticks without the needed funds to even pay salaries. This isn’t new as the civil servants can walk for months without pay. That is the way monies are allocated in Uganda, where people can walk and work for months without pay and still strive.

Dr. Tanga Odoi complained during the campaign on his salaries and had a brawl with Secretary General Justine Kasule Lumumba, which has gone into hiding after the President we’re sworn in. She has hid under a rock or fiercely becoming silent because of her brash attitude and irrational rhetoric that isn’t fitting in any society.

The NRM Party has lost their marbles, they have forgotten their own as they need a loyal party line to continue to work for the tyrant who detains and orders killings of his own, where he put the blame on the victims. That is Kasese for you, while that is happening Makerere, teachers and now Party Organizations are walking unpaid.

Tanga Odoi is just a crown example of the maladministration and mismanagement. National Resistance Movement who is the ruling regime and sponge of the state funds. The state funds must be misused or mismanaged as the allocations cannot make sense. We can understand with the recent history of mismanagement can be proven with the suspension of funds to Uganda National Roads Authority (UNRA). That couldn’t be the only part of government that could have gotten the same treatment if the International Community had looked deeply into the procedure and waste of state funds.

The NRM Party own model of payment is out of control and the reason is that the President doesn’t even care for his own, other than the ones that are corrupting him and securing his existence. Who is really eating right now could be a mystery, as the closest elite an the NRM-O should be taken care of together with the army and police who are making sure the illegitimate regime alive. Peace.

Uganda: Where is the Income Tax Bill 2016? (14.12.2016)

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