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Archive for the tag “Central Bank”

Uganda: Civil Society Position on Tax Revenue Measures for FY 2017/18 (21.04.2017)

Report from the MoFPED shows the growing Ugandan debt by June 2016!

Again, the Ministry of Finance, Planning and Economic Development (MoFPED) dropped another report on the fiscal policies and the fiscal health of the economy in Uganda. The National Resistance Movement (NRM) have created this environment as the growing debt and growing interest payment comes with their planned debt rise. Still, the PriceWaterhouseCoopers spelled gloom earlier in the year, as this report was dropped on the MoFPED web page today. Even if the Report was spelled out in December 2016. It is if like the NRM didn’t want this to spelled out early. Since the numbers aren’t compelling of an arts piece, more issues… just take a look!

The stock of total public debt grew from US$ 7.2 billion at the end of June 2015 to US$ 8.4 billion in June 2016. This represents an increase from 30.6% of GDP to 33.8% over the two periods. The increase was largely on account of external debt, which grew from US$ 4.4 billion to US$ 5.2 billion over the period. Domestic debt increased from US$ 2.8 billion to US$ 3.2 billion” (MoFPED, P:V, 2016).

That the debt are growing quick, as the public debt grew with US$ 1.2 billion, that the percentage of GDP went up with 3,2%, the external debt rose with US$ 0.8 billion and the Domestic debt went up US$ 0.4 billion. All of these numbers show the amount of monies that the Government are adding on their debt, as the UNRA and the development projects are suspended by World Bank. So the Infrastructure development can be questioned as the growing debt, as the government must have other uses of the growing and scaled up debt. Since the transparency of the economy isn’t there and that the sanctioned bills comes from the State House. Just look at the growing interest rates as well.

Interest Payment as a percentage of GDP stood at 2.2% as at end June 2016, up from 1.9% as at June 2015. The increase is largely explained by interest payments on domestic debt, which grew from Shs 1,077 billion in FY2014/15 to 1,470 billion in FY2015/16. There was a significant increase in the weighted average interest rate of Government debt; from 5.9% to 6.5% in June 2015/16. This followed increases in the weighted interest rates for both domestic and external debt, from 13.6% to 15.3% for domestic debt and from 0.9% to 1.2% external debt. As interest rates increase, so do the debt service obligations of Government” (MoFPED, P: 4, 2016).

The difference between June 2015 and June 2016 the percentage has grown with 0.3%, the domestic interest rate grew with Shs. 0.393 billion. The Interest rate alone went up by percentage 0.6%, as the weighted interest rates went up 1.7%. The key sentence that the report wrote and I repeat: “As interest rates increase, so do the debt service obligations of Government”.

That idea isn’t only on the interest payment percentages are running higher, but as the debt goes up, the interests goes up. So the Debt Service Obligations are going up for the Government. This is a natural outcome, that the obligations for the state goes up with the amount of debt it rises. So the government can try to portray this is controlled, and to one extent it is under control. Still, the growth in this regard proves that the NRM regime are pilling up debt and increasing their debt, as well as interests. In the end this will make the state worse. Especially knowing that the energy dams have been built poorly and many of the expensive roads haven been fruitful. This is development that the growing debt is being used to…

So the NRM regime and the Ugandan government isn’t believable… the rise of debt and interests show’s the current state of affairs. Even if the percentage is after plan, the government still has to take charge and make sure they can pay back both the debt and interests. Peace.

Reference:

Ministry of Finance, Planning and Economic Development (MoFPED) – ‘DEBT SUSTAINABILITY

ANALYSIS REPORT 2015/16’

Uganda: UPC Calls for Economic Reforms (05.04.2017)

PwC report spells gloom over rising debt in Uganda!

Ugandan shillings

A report released by PricewaterhouseCoopers limited has delivered this month is clearly seeing what others has seen with the economic situation and the use of funds by the National Resistance Movement (NRM) and their regime. This report by a company which is an international company who works with other businesses and civil society organizations who needs economic advice and advisory services for taxes and such; therefore the report from PwC on economic situation is telling. Their speciality on their outlook will be saying with auditors and financial analyst whose words means a lot. They are professional analysts in this field are writing and saying this on the economic climate. The Economic climate is worrying and that has been visible. The liability of the growing debt in the republic has been a hazard together with the lacking internal revenue for the state as well. Just take a look!

Sluggish economy with higher debt:

“This bulletin comes at a very crucial time for the Uganda economy when growth is slowing down, private sector credit is on a decline, consumer demand is low, implementation and execution of critical public infrastructure projects is very sluggish, and the public sector debt burden on the economy is at the highest it has ever been” (PwC, P: 3, 2017). “If the domestic revenues collections continue to underperform, the government will be forced to borrow more from the domestic market. The increase in government borrowing may result in a substantial increase in yields on government securities, which may result in an increase in borrowing rates, which may constrain the private sector credit growth even further” (PwC, P: 7, 2017).

Growing debt:

“The Uganda’s public debt burden has risen by 12.7% in the past four years from 25.9% of GDP in FY 2012/13, to 38.6% of GDP in FY 2016/17. The debt burden is projected to continue rising to 45% of GDP by 2020. Debt as a percentage of revenues has risen by 54% since 2012 and is expected to exceed 250% by 2018. The country’s ever increasing debt burden has resulted in a deterioration of the debt affordability situation” (PwC, P: 8, 2017). “Uganda’s capital expenditures are still too reliant on external finance. Currently debt servicing constitutes 11% of the total government expenditure, one of the highest debt burdens in sub-Saharan Africa. This is expected to increase to 16% of the total government expenditure by 2018. Uganda’s debt burden has risen faster than the government’s own resources, resulting in a debt-to-revenue ratio of 236%, one of the highest amongst B-rated countries. This has prompted Moody’s recent down grade of Uganda’s long-term bond rating by one notch to B2 from B1” (PwC, P: 8, 2017).

An Economy with challenges:

“2016 was an economically difficult year for Uganda. The economy faced numerous challenges due to the continued uncertainty surrounding the recovery in global economic growth, weak commodity prices and geopolitical events in our key trading partners. As a result, of these numerous challenges, our export earnings, FDI flows and remittances to Uganda all went down. These developments, together with a slowdown in the execution of public investment projects and weaker than expected private sector demand, had a major effect on the economy” (…) “Other internal risks include delays in the implementation of public infrastructure projects such as the Standard Gauge Railway (SGR) linking Uganda to its East African neighbours, and the key infrastructure projects critical for the commencement of oil production” (PwC, P: 4-5, 2017).

If you are worried by the Republic and their economy after this, than you haven’t followed the class since this signs have been there for while! The state of the economy is fragile and the debt rise should concern all the ones inside the Republic and also outside. However, this could change, but that has to be done by the government and steer in another direction as today. The greed and the common sense of developing the economy is forgotten, as they are fixated on infrastructure projects and oil developments, while borrowing to fill the losses of donor-aid and internal revenue. This could be done in many ways, but that would not be easy. Peace.

Reference:

PricewaterhouseCoopers Limited (PwC) – ‘Uganda Economic Outlook 2017’ (February 2017)

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

quote-when-uganda-got-debt-relief-in-1999-the-first-item-president-museveni-bought-was-a-presidential-george-ayittey-74-46-61

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

Zimbabwe: Thabiths Khumalo needs your prayers and Journalists beaten up during the demonstrations in Harare today!

Zim 03.08.2016

“I hear she has developed some breathing problems after inhaling police tear gas during the Harare demonstrations today. UMakhumalo is a very unfortunate character, she needs our prayers as we play toyi toyi with our self created dictatorship” (Ndaba Nhuku, 03.08.2016)

Other victims of Police Brutality today:

“ANTI-RIOT police of Wednesday ran amok, beating up journalists and protesters who were had embarked on a peaceful demonstration against continued joblessness under the current Zanu PF led government. Journalists who fell victim to the cops during the Harare demo were Aljazeera’s Haru Mutasa, BBC’s Tendai Masiyazviripo, freelance journalists Chris Mahove and Tony Manyangadze as well as Idah Mhetu, a female photo journalist with the Financial Gazette” (RadioVop Zimbabwe, 03.08.2016).

So the Zanu-PF does not accept people demonstrating against them or the ones reporting them to the media. So the demonstrations against the economic policies and longevity of Mugabe Presidency is not seen as good thing by the ruling regime. They continue to hurt innocent civilians to be in power. The Good Governance and Justice is not worthy words coming out of Mugabe’s mouth, as his actions and his Police are making citizens to criminals for doing the duty as citizens. Peace.

WATCH: No to Bond Notes protests in Harare violently broken up by Zimbabwe police (Youtube-Clip)

“Riot police in Zimbabwe used tear gas and water cannon Wednesday to break up a protest by several hundred demonstrators gathered in Harare in a fresh outbreak of opposition to President Robert Mugabe. An AFP reporter said police dispersed the rally by beating protesters with batons and firing tear gas, injuring several people as the fleeing crowds threw stones in response. Many of the marchers wore the national flag around their necks — seen as a symbol of a surge in recent protests — while unemployed graduates wore academic gowns and others held wooden Christian crosses. Among the slogans on placards were “Once Liberator, Now Oppressor”, “Mugabe Must Go” and “You Have Failed Mr Mugabe.” Zimbabwe’s economic collapse has worsened this year, with the government now without the funds to pay even its military or civil servants on time. A series of street protests has erupted in past weeks, despite 92-year-old Mugabe’s record of using his ruthless security forces to crush public dissent” (taiMEDIA, 2016)

Have hope in #ThisFlag; Still, it’s the darkest before a new dawn in Zimbabwe

santions Mugabe

“Dear Mr President. You cannot stop your sun from setting and you will most definitely not stop mine from rising #ThisFlag” – Evan Mawarire

There is a brewing something sinister in Zimbabwe. As the Zimbabwe African National Union – Patriotic Front (Zanu-PF) under the reign of long-long serving President Robert “Bob” Mugabe are using the Police and army as his prestigious bodyguards for his power.

The economic state of Zimbabwe is weak, weakest of the weak. Wiggling and broken as the civil servants and army personnel haven’t been paid in June and July 2016, as much as the people have been re-engaged in politics as the Zanu-PF elite has been eating. Lynda Masasira have been detained for speaking her mind on behalf of Woman organizations. #ThisFlag Movement Pastor and Founder Evan Mawarire have been taken to court on charges against the state, but a 100 lawyers showed up and the public demanded his release as the day went on; but after the release he fled into exile in South Africa. So the history repeats itself.

Only Morgan Tsvangirai is back home still, as his Movement for Democratic Change; are more and more fractioned. This being said while recently the former aide to Tsvangirai, Maxwell Zeb Shumba officially presented his new party at the 29th July 2016 to launch the Zimbabwean First (ZimFirst) Party.  This happens as the MDC-T party are losing their backing from the people is dwindling; while the people’s faith in Mwarire is showing, as his selflessness and casting of the bitter truth is astonishing. The opposition has a political movement, but not a political party that all men and woman trusts. With the Ruling-regime total control and focus around the family of Mugabe; the ability of paying and splashing funds on Zanu-PF loyalists.

That is been showing in the Vice-President Phelekezela Mpoko living in a luxury hotel for a year and half where he paid $ 1.000 a day at the hotel and that was including meals. This happens as the most of the Zimbabweans are living fewer than 2 US. Dollars a day, to sustain food and shelter; also with the wonderful late-payment of government salaries and other difficulties to get certain import products. The land has also from January to June 2016 been importing from abroad for $1bn. and most of that for agricultural products. That means the former breadbasket of the Southern Africa; needs help to feed their own. President Mugabe must be so proud of his land-reforms.

John-Mangudya-534x400

The Zimbabwean State have in control the foreign exchange rates and control the usage of limited funds, the government at one point suspended certain imports for businesses. But at the same time, the Reserve Bank of Zimbabwe Governor Dr. John Mangudya saying recently “We are importing foreign currency to pay ourselves instead of paying for fuel and capital goods. That’s inefficiency”. Surely he is spot on, but the grand dictator doesn’t mind because when he celebrates he eats splendid cuisine on the tax-money.

As the state deteriorate, even the most harden loyalists have been attacking the long-term president even been accused of overuse and overstepping his power. The latest is the Zimbabwean Liberation War Veterans Associations (ZLWVA) Secretary-General Victor Matemadanda. Also the ZLWVA spokesperson Douglas Mahiya, these been detained for speaking their mind, which after the President the day before said the War Veterans we’re not patriotic, that meaning not speaking of the deity called Mugabe. He has gone further than that as well: “Ruhanya said Zanu PF’s advertisements calling for former Zipra and Zanla war vets to converge at Zanu PF HQ tomorrow 26/7/16 to support President Mugabe” (…) “From the adverts in state media, it appears clear that G40 led by the President has declared war on the leadership of the Zimbabwe National Liberation War Veterans Association led by Christopher Mutsvangwa. Waiting to hear the views of this G40 group. But the problems raised wont disappear because of this meeting; economy remains dead and the president cant provide the economic and political leadership as he remains captured by wife and a cabal benefiting from Stone Age corrupt practices against the majority poor. Elite discohesion and authoritarian erosion.” (Harare24.com, 26.07.2016).

With the darkness of bewildered state of Mugabe the bitterness of Grace Mugabe as she was shopping in Singapore as the #ZimShutDown was going on in mid-July, as the salaries we’re postphoned again for the civil servants, as the June-Pay had not arrived and seemingly not the July either. Just as today in the Zimbabwe Today reported this:

“Speaker of Parliament Advocate  Jacob Mudenda called on workers  to work overtime and expect not getting paid extra remuneration” (…) “Mudende said this would steer productivity  and ensure companies remain afloat than for them to retrench workers because of low production” (…) “Mudenda ‘s statement is likely to steer animosity among government workers who are disgruntled  over delay in payment of salaries. A majority of workers have of late clashed with their pay masters over unpaid over-time and other benefits” (Zimbabwe-Today, 25.07.2016).  As this came a few days early when the industries and workers we’re expected the same fate as civil servants; work but non-pay. The government promised to rescue with an old cue: “In a media briefing after touring companies in Bulawayo, Industry minister Mike Bimha said companies in Zimbabwe were struggling due to lack of funding and cheap imports from other countries. To counter that, he said the government was working tirelessly to revive the Distressed and Marginalised Areas Fund (Dimaf). “We want to revisit the issue of Dimaf in terms of making it bigger and more accessible. I’m sure we can do that so that we can continue to have companies accessing a little bit of funding and making a difference to companies,” Bimha, who is attending the on-going Confederation of Zimbabwe Industries congress” (Nyoni, Mthandazo, 28.07.2016 – Newsday.co.zw). If this is true, then some of the men might not go without salaries, but seeing are believing… and the government have not been accountable; so why believe them now?

anti-mugabe-protests-in-zimbabwe

With all this the recent days that #ThisFlag continues, the sanctions don’t get lifted and the IMF/World Bank doesn’t give in to the Mugabe Government. Let me end with quotes from Mugabe in an article from Daily News Zimbabwe:

“I want to warn leaders of these churches that are emerging only for the sake of money, the likes of Mawarire that Zanu-PF will not tolerate any nonsense done in the name of religion, that once you begin to interfere with our politics you are courting real trouble” (…) “keep to your religion and we will respect you. We know how to deal with our enemies who have for a long time been itching to effect regime change. We have the means to do that. I say to our  people, when these other small (opposition)  parties demonstrate  out of anger, control yourselves in the knowledge that the police belongs to us so we will ask them to throw them in jail so they can also test life in prison” (Mugove Tafirenyika, 28.07.2016).

This comes from the man who once upon a time in Mozambique wanted to free his Zimbabweans from the tyranny of Smith-regime and was righteous in that claim. But now he does the same in his own actions against his population and calls a citizens and a pastor a enemy who deserve to spend time in jail. That he deserve apparently for asking the government, to actually govern and not only eat the tax-money. The pride of Mugabe and his reign are ending in tyranny on the level of Smith or worse as the liberator knew what he fought against; An with time turned into the same kind of leader as the ones he fought against. The injustice of the past, is the ones of the present; might not in post-colonial treatment, but in honor of feeding the Zanu-PF and the elites, the cronies of the state instead of serving the communities and citizens with decent policies and progress through transparent economic framework. Zimbabwe, the place where the Zimbabweans can trust their government for serving them and not the President alone! For the reason alone that Mugabe says the citizens who oppose his rule can try out prison, because the #ThisFlag is an enemy that the Police would control the nation in the powerful hand of Mugabe.

The sun-might set on Mugabe, but it is not his sun. Even if he has reign the land and the nation of Zimbabwe, it is not directly it’s his nation to own; he has had the power for decades and thinks now it is a God-given right to rule. Therefore the one occupying the country is his subjects, not the citizens as he speaks and his Ministers speak. They expect the citizens to work for no pay, because of the decisions and his will to stay without questioning the implications of his decrees. The Zimbabwe deserves another regime, which actually cares about the citizens, not only the president. The dawn of something new must soon reappear as this regime is becoming more and more draconian. The laws and lawmen are taking in anybody who has a smidge of questionable words against his rule. Mugabe wants the citizens to obey his rule and his Zanu-PF; not for Zimbabwe. Peace.

WikiLeaks Series – Pre-2010 General Election in Burundi: Part One.

This here now will be a part of series of WikiLeaks discoveries on Burundi. For people who are not part of the Francophone world a lot of the information here will be new. Therefore I choose to drop it. It will be all pre 2010-Election in Burundi. This series will be directly about the preparation of the 2nd term of President Pierre Nkurunziza and his party the CNDD-FDD. This is part I. Enjoy!

Government of Burundi’s starting message:

“Minister of Good Governance Venant Kamana characterized the legislative problems within the National Assembly as primarily a dispute over the constitutionality of Nkurunziza’s government. Kamana explained that there are two major points of contention between the government and the major opposition parties. According to Kamana, the opposition claims that they have constitutional rights to a proportion of government positions based on the election results of 2005” (…) “Nkurunziza construed their refusal to comply as a desire not to participate in the government and therefore formed a new cabinet independently. Kamana suggested that any further dispute about the constitutionality of the government be decided by the constitutional court and further warned that any attempt to claim that the government is unconstitutional and without authority would provoke public disorder” (…) “In light of the recent arrest of the former Central Bank Governor, Kamana did not understand FRODEBU’s claim that nothing was being done with respect to the Interpetrol. Kamana also disputed FRODEBU’s assertions that various cases of embezzlement have been ignored and said that cases of embezzlement have never been filed at the office of the Prosecutor General. Kamana acknowledged that the Muyinga case is currently in the hands of the military prosecutor who has current jurisdiction” (…) “Nkurunziza and his National Council for the Defense of Democracy – Forces for the Defense of Democracy (CNDD-FDD) loyalists are clearly going on the offensive by addressing their concerns and reasons for the economic and political stagnation directly to the people” (WikiLeaks, 2007).

Outside view of the CNDD-FDD:

“The leader of Burundi’s MRC party and member of the National Assembly, Epitace Bayaganakandi, shared his perceptions of the political impasse plaguing the Burundi government with the Ambassador on August 6” (…) “Bayaganakandi claimed that FRODEBU, UPRONA and the ruling National Council for the Defense of Democracy – Forces for the Defense of Democracy (CNDD-FDD) party each have 2 wings consisting of those who actively seek cooperation and compromise with Nkurunziza’s government, and those who refuse to participate in the legislative process. He noted that certain factions of the Union for National Progress (UPRONA), the Front for Democracy in Burundi (FRODEBU), and even the ruling CNDD-FDD party do not want to share in the blame and the responsibility of the problems plaguing Burundi today and are instead distancing themselves to protect their political agendas for the future” (…) “Bayaganakandi stated that his predominately Tutsi MRC party was less than 5 years old, originating during Burundi’s transitional period following the civil war. Bayaganakandi declared that the objective of his centrist MRC party was to be a catalyst for institutional change throughout Burundi’s political, economic and social spectrum. Unfortunately, he complained, since 2005, little or no change can be seen other than in the areas of security, education and health. Instead, Bayaganakandi points to corruption, human rights abuses, extrajudicial killings and various financial scandals as the major contributions of Nkurunziza’s ruling government” (…) “In particular, in light of recent scandals and political failures, Bayaganakandi urged President Nkurunziza to take heed of the distinction between political positions and technical positions. Bayaganakandi explained that appointees to critical positions cannot be made out of loyalty without respect to their relative experience. He pointed to the naming of Isaac Bizimana, a former cashier for the CNDD-FDD party, as the Governor of the Central Bank and who is now in custody for possible misappropriation of funds in the recent Interpetrol scandal” (Wikipedia, 2007).

Front for Democracy in Burundi (FRODEBU) party member and former Burundi President Domitien Ndayizeye view:

“Forces for the Defense of Democracy (CNDD-FDD) party intends to hold onto power well into the future and accused President Pierre Nkurunziza of progressively moving away from a government based on democratic values towards a military dictatorship more akin to the culture and past of the ruling CNDD-FDD party” (…) “Burundi President Domitien Ndayizeye opined that the CNDD-FDD is unwilling to work with opposition parties and intends to hold onto power well into the future. The former president surmised that the CNDD-FDD is actively marginalizing all Hutu opposition as well as those parties predominantly representing the Tutsi minority” (…) “The FRODEBU leader lamented that the ruling CNDD-FDD party would rather reward good militants rather than using Burundi’s educated loyalists to help manage Nkurunziza’s government. He emphasized the need for a nation to have an army rather than having armies for political parties. Ndayizeye believes that Nkurunziza has eyes only for a military that will fight for the President and expressed his concern that Nkurunziza could become a dictator led by the military in much the same fashion as was detrimental to Burundi’s stability in the past” (…) “President Nkurunziza should respect Burundi’s constitution and the Arusha Peace accords upon which the constitution was founded. In addition to Nkurunziza’s departure from the constitution, the former president insisted that Nkurunziza refuses to commit to dialogue with other political factions and Nkurunziza’s action are running counter to national reconciliation, both significant priciples brought forth from the Arusha accords” (…) “Nahimana claimed that the CNDD-FDD party was rejecting the Arusha accords during the September 2006 ceasefire talks with the PALIPEHUTU-FNL and and only accepted the Arusha principles by force” (…) “Political observers have speculated that Ndayizeye, who is still a popular and influential figure in Burundi and who was jailed in 2006 by Nkurunziza on suspicions of plotting a coup, is seeking personal revenge against the current administration and the CNDD-FDD party, and may have his sights on the presidency once more” (WikiLeaks, 2007).

CNDD-FDD Party Leader Nyangoma is critical:

“Nyangoma, who returned to Burundi on July 15 after 10 months of temporary refuge in France, cited corruption, the lack of movement within the Parliament, and poverty as the major components to a growing ‘institutional crisis’. In offering a solution to the political quagmire, he emphasized the need for immediate dialogue between the ruling National Council for the Defense of Democracy – Forces for the Defense of Democracy (CNDD-FDD) party and the major opposition parties” (…) “Nyangoma also suggests that the specter of war still plagues the population, strengthened by the lack of progress in the ceasefire process, and the abundance of weapons among the Burundi people. The situation is further aggravated by the inability of the government of Burundi (GOB) and the PALIPEHUTU-FNL to negotiate in good faith as dictated by the September 2006 ceasefire agreement” (…) “the CNDD party head suggested that various portions of Burundi’s constitution should be changed to improve the electoral process. He further hoped for the creation of laws that would govern the political opposition process, stating that it was necessary to have a credible opposition for an effective democracy” (…) “He proposed that an international commission, specialized in the investigation of economic crimes, should be put in place to delve into suspected improprieties by the current government since its inception. He compared his proposal to the recent effort by a similar commission that investigated the controversial sale of the presidential jet. Nyangoma stated that the GOB needs the trust of the international donor community and implied that Burundi’s financial and developmental partners had no confidence in believing that resources were going to the right places” (…) “Nyangoma also suggested that another international commission be created to shed light on all suspected crimes against humanity and human rights committed by the current administration, such as the extrajudicial killings in Muyinga and the arrest and prosecution of the suspected coup plotters in 2006. Noted for his staunch allegiance to a strong judicial process, Nyangoma questioned why Nkurunziza’s administration insists on separating justice from reconciliation. In the spirit of the Arusha peace accords, Nyangoma advocates the installation of a truth and reconciliation committee to investigate the abuses of the past” (WikiLeaks, 2007).

Afterthought:

Hope you got some new knowledge. And to be continued!

Peace.

Referance:

WikiLeaks – ‘BURUNDI’S GOVERNMENT TAKES THEIR MESSAGE ON THE ROAD’ (20.08.2007) Link: https://wikileaks.org/plusd/cables/07BUJUMBURA584_a.html

WikiLeaks – ‘BURUNDI CENTRIST PARTY LEADER SEES PARTY DIVISIONS AS KEY TO POLITICAL IMPASSE’ (21.08.2007) Link: https://wikileaks.org/plusd/cables/07BUJUMBURA591_a.html

WikiLeaks – ‘BURUNDI’S FORMER PRESIDENT WARNS OF A MILITARISTIC CNDD-FDD PARTY’ (13.08.2007) Link: https://wikileaks.org/plusd/cables/07BUJUMBURA571_a.html

WikiLeaks – ‘CNDD PARTY LEADER NYANGOMA SPEAKS CRITICALLY OF BURUNDI’S GOVERNMENT’ (01.08.2007) Link: https://wikileaks.org/plusd/cables/07BUJUMBURA550_a.html

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