“We are struggling, the situation is not as easy, but we are not desperate and the situation is under control. For us [government] we are ready to listen and to learn” (…) “The economy is not receding, the disposable income for drinking may not be there but we are not in recession” (…) “To avoid having arrears, we have to budget appropriately and the money budgeted for has to be absorbed” said Finance Minister Matia Kasajja earlier today (Oketch, 2016).
Nakumatt Holdings is apparently struggling as evident today of their Corporate Statement, that they have to even state it to the Nation, even after the takeover of Shoprite Supermarket Limited; they are still not financial stable. This news is coming days after the Crane Bank got into Administration by the Bank of Uganda (BoU). That after the bank tried to subdue the public together with the BoU in September, telling that the Bank we’re not looking for new owners. This is happening while the troubling times for Cairo International Bank and United Bank of Africa (UBA) Uganda… this is known as the Prof. Emmanuel Tumusiime-Mutebile of BoU said they we’re under notice.
Just as this is known in March 2016 the Exim Bank Uganda, that is a subsidiary of the Exim Bank of Tanzania. That bank took over Imperial Bank of Uganda and also Imperial Bank of Kenya. This is banks licenced by the BoU. So there have already been issues for the banks in Uganda, just more silent movement as the Investors of Exim Bank wanted it to die down.
Cancelled funding from Exim Bank:
“The major funder of Karuma and Isimba dams has withheld money for the country’s two biggest hydro-power projects until the legal disputes in Ugandan courts about the two ventures are resolved. The Export-Import Bank of China has written to Uganda’s Ministry of Finance, asking the Secretary to the Treasury, Mr Keith Muhakanizi, to explain why the ministry submitted to them documents of due diligence on the two dams and confirming the tendering process had been properly concluded yet the power projects are now a subject of litigation in court” (…) “Mr Muhakanizi was in State House yesterday for a meeting with President Museveni, but after consulting him, Ministry of finance spokesperson Jim Mugunga said: “It is true that the Export Import Bank of China like any other responsible party, expressed concern about the court case by a concerned Ugandan citizen which listed the bank among defendants. The Government of Uganda, through the Attorney General, secured a court order dismissing the case against the Exim Bank. The bank, therefore, is no longer party to the suit and the PSST Mr Keith Muhakanizi this week communicated the same to the bank.” (…) “Mr YuMeng expressed concerns that the outcome of the case in question would affect the commercial contracts related to Karuma Hydropower Dam and Associated Transmission Lines Works and Sub Stations Project, the 183MW Isimba Hydropower Project and the Isimba-Bujagali Interconnection project under Preferential Buyer Credit facility” (Mugerwa, 2016).
This is new that the Exim Bank is answering with postponing the building of the dam. Something that is the Markie and big Infrastructure projects that the Movement needs to shine a light into the dim situation of the Government. Certainly this answer from them could not be anticipated by President Museveni and his friend in the State House.
This is not the first blow this year as Uganda National Roads Authority (UNRA) has been under fire all year ever since first response from World Bank on the 8th January 2016:
“Following the cancellation on December 21, 2015 of the World Bank-supported Uganda Transport Sector Development Project, overseen by the Uganda National Roads Authority (UNRA), the World Bank has suspended the disbursement of funds for civil works in two other projects in Uganda. Those projects, overseen by the UNRA, are the North Eastern Road-Corridor Asset Management Project and the Albertine Region Sustainable Development Project which are suspended pending a review and strengthening of the capacity of UNRA to adhere to the required environmental and social standards” (World Bank, 08.01.2016).
If you though it wasn’t demeaning enough the World Bank continued later in the year with this statement: “UGANDA, September 13, 2016 –The World Bank Group took a decision to withhold new lending to Uganda effective August 22, 2016 while reviewing the country’s portfolio in consultation with the Government of Uganda. We continue to actively work with the Ugandan authorities to address the outstanding performance issues in the portfolio, including delays in project effectiveness, weaknesses in safeguards monitoring and enforcement, and low disbursement” (World Bank, 13.09.2016).
This is now evident that they used all the months from December 2015 to September 2016, that means the suspended funds for the projects been delayed for 10 months already, which is a close to year. Certainly that must hurt the UNRA and Government of Uganda really, really hard. The World Bank has because of this made the UNRA change how their work, as the Director and staff has sacked at a point. Now in October the agreement made between UNRA on behalf of GoU has been looked over and seen that some has been fraudulent and not made with due-diligence.
And your know there is issues in the finance market when even the states own National Social Security Fund (NSSF) have to explain where they invests their funds after social media spreads rumours of buying a mall in Nigeria and borrowing heavy funds from the Banking Sector of Uganda. This is happening as there 3 banks under fire and struggling already and if you forgotten they are Crane, Cairo International and United Bank of Africa. So the citizens and costumers of Uganda are already worried, they have been there before with the Greenland Bank and other who has lost confidence and gotten into receivership.
Yesterday even the IMF has answered the financial issues of the republic under the Movement:
“The mission notes the difficult environment for fiscal policy in FY15/16. While revenue collection increased as a share of GDP, it fell short of program expectations, reflecting lower than projected nominal GDP growth. At the same time, current spending was higher than anticipated. Taken together, the overall deficit target was missed by 0.4 percent of GDP, and the government partly relied on BoU advances for its financing needs. The execution of externally financed projects lagged behind target” (…) “the financial sector remains well capitalized, though non-performing loans have edged up. This has prompted a tightening of lending standards and a slowdown in credit to the private sector. The third largest domestic bank had become undercapitalized, and the BoU appropriately took over its management to protect deposits and safeguard financial sector stability. As a next step, the financial position of the bank needs to be established, and BoU will look for a strategic investor” (IMF, 2016).
If you see all of this and wonder how can this be, that one government has all of this just months after a General Election, than you know something isn’t as it supposed to be. The Government of Uganda are not running a steady ship when a bank is trailing, 3rd biggest commercial in the nation by 19th October into Administration, Cairo and UBA under the watch-list of the BoU; World Bank suspending loans for the Infrastructure Projects that is needed. While the BoU are fixing some financial stability it is not helped by the giving ways of the President Museveni and his dropping funds like a Walking ATM.
“Prof Joe Oloka Onyango said every crisis in this country is being solved by way of brown envelopes, a scenario he described as being sad and far below the rule of law in the country” (…) “In early 1980s, when this country was under the leadership of Godfrey Binaisa Lukongwa, State House was like a market place. Today, State House has been converted into an ATM,” he said amid cheers” (Wesaka & Adengo, 2016).
So for the once that do forget, the ATM Museveni is the cause of the issues that are now; this is his fiscal responsibility and Monetary Policies that made this happen. This is the reactions to the overdue and overspending of the Presidential Campaigns. These reactions should also lead to higher Inflations that it has done before after the elections. Therefore the Finance Minister Kasajja and Executive director Tumusiime-Mutebile have made some progress from previous elections in the Republic. Though the aftermath is now vivid for the citizens who are costumers at Cairo, UBA and Crane… there visible proof and the evidence are in the reaction of the Campaigning as the fraudulent and maladministration of the Banking Sector. This comes into mind as the State House had this message after February:
“As parliament’s budget committee tussled with an avalanche of supplementary budget requests late last week, which totalled Shs 1.04 trillion, some officials confessed that they emptied their initial budget allocations in order to sustain President Museveni’s campaign expenditure. State House comptroller, Lucy Nakyobe, whose office tabled a supplementary budget request of Shs 49.7 billion, told the parliamentary budget committee on April 1 that her coffers were depleted by the so many inland travels of President Museveni, who addressed four campaign rallies daily on average for the campaign period” (Namuloki & Oluka, 2016).
So the debt has to repay and taken from somewhere as the Central-Government, Banks and Multi-National Organizations are stepping off from the Ugandan Government, the Movement are running in circles taking care of their own while the citizens is now trailing and falling off. That is why businesses are giving in.
Just as people might have forgotten the paying of businesses connected to the family and General Salim Selah: “Prominent businesses in the country might soon run out of business if a decision that could see the use of Shs1.3 trillion taxpayers’ money to bailout companies in distress is not taken in their favour” (…) “Talking to Daily Monitor on condition of anonymity, a source privy to the talks revealed that “there is concern that bailing out companies without correcting the economic situation in the country will not resolve the problem.” (…) “The economy is not growing fast enough to generate activity for these companies to perform at full capacity. A bailout will not deal with the core problem. That is the argument being fronted by several government technocrats against the bailout,” the source said” (Muhumuza & Adengo, 2016).
So with this in mind, there are some sound imbalance about the bailouts months before one of the great banks put into Administration, NSSF has to answer for Social Media outbursts, two more Banks on a stroll, State House being broke months ago, UNRA projects suspended by the World Bank, IMF are seeing that infrastructure projects are lagging behind, Exim Bank suspended pay to the two dam projects and the strange bailout. There are too many evidence of lacking financial sound practises… Even Nakumatt the Supermarket are having troubles. There just more pawns on the set ready to move, but how they fall only the kings knows; because the Kings stay King. Peace.
IMF Communication Department – ‘IMF Staff Concludes Review Mission to Uganda’ (26.10.2016) link: http://www.imf.org/en/News/Articles/2016/10/26/PR16462-Uganda-IMF-Staff-Completes-Review-Mission
Mugerwa, Yasiin – ‘Chinese bank holds back Karuma funds’ (27.10.2016) link: http://www.monitor.co.ug/News/National/Chinese-bank-holds-back-Karuma-funds/688334-3431376-qxr194/index.html
Muhumuza, Keith & Adengo, Jonathan – ‘FULL LIST: 65 loan-stressed firms line up for Shs1 trillion taxpayer bailout’ (22.07.2016) link: http://www.monitor.co.ug/Business/65-loan-stressed-firms-line-up-for-Shs1-trillion-tax/688322-3305166-d6h193/index.html
Namuloki, Josephine & Oluka, Benon Herbert – ‘State House broke after spending on Museveni campaign’ (09.04.2016) link: http://www.observer.ug/news-headlines/43556-state-house-broke-after-spending-on-museveni-campaign
Oketch, Martin Luther – ‘Economy is struggling – Minister Kasaija’ (27.10.2016) link: http://www.monitor.co.ug/News/National/Economy-is-struggling—Minister-Kasaija/688334-3432534-t8dv3c/index.html
Wesaka, Anthony & Adengo, Jonathan – ‘State House turning into ATM, says Mak don’ (11.10.2016) Link: http://www.monitor.co.ug/News/National/State-House—ATM–Mak-don-/688334-3411968-1155d8t/index.html
The former mouthpiece of Yoweri Kaguta Museveni, the former Presidential Press Secretary Tamale Mirundi who has ever since been sacked by the State House he has been all around media blasting and commenting on politics. This has now been seen by the Uganda Communication Committee (UCC) as a volatile and meager expression of language and profanity that the media doesn’t need. This happens only two days after he appeared on AmamaRadio. He has been on NBS TV and WBS, also certain radio station talking ever since his sacking. Let’s look a bit on the fellow mouth-piece!
Some older news on the man:
In 2009 these reports came:
“FM radio campaigns by John Tamale Mirundi, encouraging squatters to attack land owners. Mirundi uses Star FM, TOP Radio and other FM stations to tell his targeted listeners: “When those land owners bring court brokers or surveyors and try to evict you, defend your selves. Be ready to use pangas (machetes), sticks and fire to get rid them.” In the last two months, mobs of bibanja holders have murdered two landlords in Bugerere county alone” (…)”As Mr. Museveni’s Presidential Press Secretary, Tamale Mirundi is widely believed by rural land squatters to be speaking on behalf of the Ugandan strong man. The emerging consensus among Buganda analysts is that president Museveni may be creating the terror because Mmengo seems to have successfully blocked his Land Act Amendment of 2009 the way they did with the his Regional Tier” (Kabaka Concern, 2009).
Here are some wonderful quotes in defense of the former chief and head of state Musveni:
“The President doesn’t have a key to State coffers. If there is extravagance, the MPs should be the ones to blame” (…)”They should tell us why they keep approving this money. And before they accuse the President of being insensitive to the needs of the people, let them come to Parliament on bicycles and cut their salaries” (…)”He must see what is going on, that is why under the Constitution he is obliged to take over the administration of a district if things are not going well” (Kiwanuka, 2011).
Also in 2011:
“Mashate’s case involves the government, so I’m not the right person to comment” (…)”“I’m not Museveni’s lawyer to know why the amount of money involved accumulate” (…)“I have to look for Museveni first before I can comment” (…)”The President’s office is not like a headmaster’s office. I am a highly trained journalist, I know you journalist what you want” (BlackStarNews, 2014).
In May 2013 Mirundi said this and did that:
“Sources have told us Mirundi was linked to Sejusa through the general’s phone call logs, which security operatives retrieved. Mirundi was reportedly asked to explain why the general was calling him regularly”. About that Mirundi said this: “They checked his (Sejusa) phone [numbers he has been dialing] and found out that I am one of the people who have been calling Tinyefuza.“I told them that ‘Yes Tinye is my friend and that I have been calling him.’ They later left” (UGO, 2013).
He said this in 2014: “spends hours… abusing members of parliament, abusing everybody and he says he is the president’s dog… the only person he spares is the president!”
“When Tamale was managing The Voice newspaper over ten years ago he failed to pay his workers numbering 17. Three of them, including his cousin Felix Kyeyune, sued him and the money (Ush 5m each plus legal fees) was paid just as the bus to take Tamale to Luzira prison waited outside courtroom in Mengo, a Kampala suburb” (Odinga, 2014).
In July 2014 he said this:
“My contract ended. It is now up to the president to either renew it or not” (…)”I entered State House when I had one suit. But look at what I have achieved. The President educated me and my children in some of the best universities in Scotland” (…)”Even if my contract is not renewed, I will not complain. I can assure you that I will never attack Museveni when I am outside State House” (Lumu & Anyango, 2014).
Salary he had in the FY 2014/2015:
What did he earn during the last budget FY 2014/2015 while being a statehouse employee that was the net sum off US$ 9.846.672, and monthly salary we’re US$ 8.20.566. If I calculate this salary with exchange rate in November 2014 the UGX that would make that year’s salary: 27.078.348.000 Uganda Shillings that is if the exchange rate is on the level of 24. November 2014; when it was 2750 to one US dollar; so he we’re surely more paid then the average Ugandan in that financial year.
In April 2015:
“Mirundi reportedly singled out Kabiito for his handling of a case in which Cairo International Bank was challenging its prosecution in the Anti-Corruption court in regard to the theft of an estimated Shs 169bn meant for pensioners” (…)”Musota said Mirundi took issue with the judge’s handling of a case involving 1,000 former spies who wanted their retirement benefits worth about Shs 39bn paid. According to Musota, what angered Tamale was the judge’s rejection of an application by the Inspectorate of Government (IG) that sought to block the payments” (Kiyonga, 2015). Tamale Mirundi said this about it: “Those judges are suffering from colonialism. They think they are important but they are not important, they are just servants of the people and as long as they are corrupt, we shall talk about them” (…)”By the mere fact that they have reacted to my statements, that is an indication that I have defeated them. If they think that I’m guilty of anything, let them sentence me to death” (…)”I want Kabiito to tell me how I got his judgment [of Cairo bank] before he could read it out. I’m sure it wasn’t written by him and I have evidence to that effect. I just don’t talk without any proof”. He also laughed off the judges’ call for his firing’” (Kiyonga, 2015).
In May 28th 2015:
“President’s Press Secretary, Joseph Tamale Mirundi, has been appointed as an advisor to the cabinet of Isaabaruuli Mwogezi Butamanya, the Baruuli cultural leader” (…)”Buruli chiefdom based in Nakasongola District, like Banyala chiefdom in Kayunga District, isn’t recognised by Buganda Kingdom and they have been on collusion course which has sometimes led to deadly riots” (Kaweesi, 2015).
And then he has since gone like every day said something vile on NBS as a commentator on the Campaigns and Politics. Trying to sound wise, but instead becoming a side-show and that is attacks on everybody from Bebe Cool, Dr. Tanga Odoi, Amama Mbabazi, Gilbert Bukenya and so on. The list is longer then the so called Membership register of the NRM that they said at one point they didn’t have before the NRM Primaries. Well, see why I took pieces of his history. Continue to look!
Uganda Communication Committee chairman Godfrey Mutabazi has said today after Tamale Mirundi in the recent weeks actually was on a show for AmamaRadio. Mr. Mutabazi said to the press: “The language used doesn’t deserve to be on the airwaves. The commission therefore directs you to stop broadcasting such programs with immediate effect” (…)”Some stations have written to us acknowledging the concern and promising to restrain their guest from such conduct” (NewVision, 2015).
Later today because Tamale Mirundi has a show on Radio Star 87,5 FM have been switched off or taken cutting their sender after the report and statement from UCC. The transmitter from the station has to be muted as a reaction to the UCC threat earlier.
He must have said something profane and vile that makes UCC react like this. We all know that he have after being fired… spoken wildly on every political topic on every format possible in country. They must be listening to you “mute” since July and since he dropped his wit on certain newly founded opposition campaign radio-station AmamaRadio. AmamaRadio the lamest name for a radio; where he must has said something hurtful spiteful crap that is more hunting then calling a political person a walking coffin or Museveni all-of-sudden is not the revolutionary mind that Tamale Mirundi always have claimed. Right?
An UCC has made Uganda and its ruling party and its leadership proud! Yep. The all-time and lifelong legacy of the President Museveni; I am sure the UCC is as afraid of somebody as the Electoral Commission is at the point. We have seen Kiggundu recently act upon Amama Mbabazi and Dr. Kizza Besigye and now Mutabazi acting as an arm of the NRM. Not surprising, it’s expected, right?
Committee on Presidential Affairs Meets the Office of the Precidency – (19.03.2014)
BlackStarNews – ‘U.K. Court Says Publisher’s Multi-million Dollar Case Against Gen. Museveni Still Active’ (27.11.2011) link: http://www.blackstarnews.com/others/extras/uk-court-says-publishers-multi-million-dollar-case-against-gen-museveni-still-active
‘Kabaka Concerned, Museveni and Mirundi Promoting Landlord Murders’ (27.08.2009)
Kaweesi, Samuel – ‘Tamale Mirundi appointed advisor to Buruuli Kingæ (28.05.2015) link: http://www.monitor.co.ug/News/National/Tamale-Mirundi-appointed-advisor-to-Buruuli-King/-/688334/2732166/-/gjeoad/-/index.html
Kiwanuka, William Kituuka – ‘TAMALE MIRUNDI REASONS CHILDISHLY’ (22.07.2011) link: http://williamkituuka.blogspot.no/2011/07/tamale-mirundi-reasons-childishly.html
Kiyonga, Derrick – ‘Judges want Museveni to fire Tamale Mirundi’ (24.04.2015) link: http://www.observer.ug/news-headlines/37533-judges-want-museveni-to-fire-tamale-mirundi
Lumu, David & Anyango, Aida – ‘My contract has expired, says Tamale Mirundi’ (24.07.2014) link: http://www.newvision.co.ug/news/657962-my-contract-has-expired-says-tamale-mirundi.html
NewVision – ‘UCC moves to stop Tamale Mirundi’s ‘abusive remarks’ (01.11.2015) link:
Odinga, William – ‘Tamale Mirundi punches former employee below the belt’ (18.03.2014) link: http://williamodinga.blogspot.no/2014/03/tamale-mirundi-punches-former-employee.html
UGO – ‘Tamale Mirundi grilled over Sejusa calls’ (15.05.2013) link: http://news.ugo.co.ug/tamale-mirundi-grilled-over-sejusa-calls/