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Archive for the tag “Mwebesa”

#Scambailouts; Moses Musinguzi Vs. Bailed Out Companies on Good Governance (29.07.2016)

Petition 28.07.2016 P1Petition 28.07.2016 P2Petition 28.07.2016 P3Petition 28.07.2016 P4

Seemingly the Ugandan Government bailing-out corporations… or is it way of Mzee to give monies to his loyal cronies?

Scambailouts Uganda

There are talks of bailing out businesses or corporations in Uganda, as the failing; it is not only the Republic of Uganda or the Government of Uganda is striking more and more debt to fulfil the budgets. As that happens, the businesses together with Ugandan Banks are sustaining investments and fiscal monetary situation for industries and businesses; something that is occurring with a steady pace.

The Steady Progress from the National Resistance Movement comes with a price of loyalty of the cronies and the elite; that happen to be fundraising for the NRM-O before the General Election of 2016 and building the famous “NRM-House”, for some strange reason never sees the light of day. Dwindling away in T-Shirt Money and other ways of funding the expensive campaign of ruling regime.

Here is some of the companies and some information on them. There are many more, but this shows certain levels of questions and also, the needed for funding should be gone, except if the owners have allegiance to the NRM-Regime. So it seems like the Executive wants them to have debt and all of a sudden he needs to save them.

Shumuk

Shumuk Aluminium who has failed on loans; these loans are Shs. 8.2bn to DFCU Bank, Shs. 6.6bn to Baroda Bank and Shs. 17bn to Crane Bank. The Shumuk Group have been an industrial manufacture that has made everything from steel to plastic bottles in Uganda since 1984. That is now troubled in debt, has also gotten donor-aid or grants through Danish Aid in 2008 on the level of USD 170.102 and in 2006 a total USD 167.940.; Still with time been able to get unsustainable, really?

Roofing Steel Mines have failed loans; Shs. 201bn to IFC and Shs. 8bn to Diamond Trust Bank. Company’s assets supposed to be Shs. 15bn. It’s a company that has existing since 1994. “Mr. Sikander Lalani, Roofings Group has recently completed its ambitious expansion plan by commissioning Roofings Rolling Mills (RRM) limited, a Ugx320 billion(US$127 million) mega project which is set to change the face of steel manufacturing in the East African Region. This state of the art complex is located in Kampala Industrial Business Park, Namanve” (Constructionreviewonline.com, 2013). In 2014: “Prime Minister Amama Mbabazi and his wife Jacqueline were the chief guests at the Serena event, hailing the Lalani family for creating jobs for Ugandans in their business empire and contributing to economic development of Uganda” (Scoop.co.ug, 24.01.2014). Apparently now the business of Lalani is creating a debt issue and not jobs.

BM Steel has debt of Shs. 66bn. President Museveni said this about the company in the 2015: “The recycled steel that is being produced by Casements, Roofings, Tembo Steel, BM Steel (Mwebesa), Modern Steel etc. cannot be used for very high-rise buildings, hydro-power dams etc. It does not have that strength” (Museveni, 29.04.2015). With this in mind the quality of the steel is low, but their debt is still raising, and the same apparently with Roofing as well, who has debt. Worrying sign?

Salim Selah NAPIL

Namunkekera Agro Processing Industries Ltd (NAPIL) has an outstanding debt of Shs. 4.8bn to the Uganda Development Bank. It was incorporated 25.06.2007. It is a business run by the family member of President Museveni, General Salim Selah. In 2015 Gen. Selah said this: “made these remarks as he toured 40 agriculture projects under the umbrella of Namunkekera Agro Processing Industries Limited (NAPIL) in Kapeeka” (NTV Uganda, 20.03.2015). So the Government will on this bail-out the family member for his miscalculation on the Agricultural investment.

Job Coffee got a debt of Shs. 21.3bn to Stanbic Bank. In the month of September 2014 number 7 exporters from Uganda, with 7,960 bags of coffee. Total market share of 2013/2014 we’re 1.97%. What has happen since is not easy to know, but what is certain is that they have accumulated debt.

Simba Group owned by Patrick Bitature has debts of Shs. 210bn. In 2012 Forbes wrote this about him: “Bitature is the founder and chairman of Simba Telecom, East Africa’s largest mobile phone retailer with over 100 modern retail outlets in Uganda, Tanzania and Kenya Telecom. The company is also the largest mobile phone airtime distributor in the region. Bitature owns Protea Hotels Kampala, a 5-star hotel located in the upmarket suburb of Kololo in Kampala. He is also chairs the Uganda Investment Authority and Umeme, an energy distribution firm which is gearing up for an IPO on the Uganda Stock Exchange” (Nsehe, 06.11.2012). In 2015 in the African Report said this: “When asked about his net worth, he says: “That I don’t talk about. I have shares in listed companies in London, Johannesburg and here. The share prices keep changing. All I know is that I have a portfolio of different companies.” He says Simba Group employs more than 1,700 people” (Mbanga, 19.06.2015). Certainly he should talk about his net-worth now as his being bailed-out in Uganda, maybe he should sell some of the companies in London and Johannesburg, if he is as rich as that or maybe it is just big-talk?

Freedom City

Grapes Construction has a debt of Shs. 100bn to Stanbic Bank. Who owns the Freedom City Mall in Kampala; The owner of Grapes Construction is subsidiary of Grapes Group who is owned by John Ssebalamu. In 2014 he had an issue with the Kenyan renter at the mall of the Company UCHUMI: “At the end of last year, it emerged that Ssebalamu the owner of Freedom City had sued UCHUMI for failure to pay him arrears amounting to over Shs340million” (Red Pepper, 2014). In 2015 he had monies to spend on the NRM: “John Ssebalamu shs100M”. This Shs. 100m was going to build the NRM House, so the coins given seems to give back profits. (Xclusive.co.ug, 28.06.2015).

Sojovalo Hotel has debt of Shs. 8.3bn to the Kenya Commercial Bank. The owner William George Kajoba also gave Shs 50M to the NRM House(Xclusive.co.ug, 28.06.2015). So with this new project from the government, the pledge in 2015 gave a hand back to the businessman and his Hotel close to the Kabaka in Kampala.

Krone Limited Uganda

Krone Uganda Limited owes Shs. 2.5bn to the Tropical Bank; the business has 3.000 empolyees. Krone Uganda Ltd is the largest miner and exporter of wolfram (tungsten). In the Daily Monitor in 2015, this was written about the company: “the ministry refused to allow them export three containers – 20 metric tons of wolfram worth about Shs1.4 billion ($450,000) that is stuck in various warehouses. They are charged Shs640, 000 ($200) every day as “demurrage” (charges that the charterer pays to the ship-owner for its extra use of the vessel) since February” (Musisi, 18.07.2015). So the government own policy on mining and Value-Added Producing is the reason behind the debt growth of Krone Uganda Limited.

MS Frank Ssonko Ltd owes Shs3.5bn to the Crane Bank, but got assets worth Shs. 9.9bn. Another one is Ahmed Zziwa owes Shs. 10bn, but has assets worth Shs. 20bn. Ahmed Zziwa are the owner of Anglo Fabric (Bolton) limited who imports and sells soap in Uganda. Steven Mukasa owes Shs. 10bn. While having Shs. 40bn in assets. Even owning land on Makerere University, at the level of 8 Acres and even at one point was putting Prof. Baryamureba for stealing Shs. 140m of building material from him in 2010. So he must be NRM guy!

I hope this was enough for now. Not to talk about too much tax-money given away in the name of saving them, instead of making the rich even richer! Peace.

NRM Primary continues in its usual Pace

NRM 131015

There are some more initial and special reports even from the trenches and it is in an usual pace. In the one where we speak about vote-rigging and pre-ticket ballots, demonstrations against it or candidates now going independent claiming the election was filled with irregularities. Take a quick look!

NRM Secretary Justine Kalule Lumumba has been vocal today and with all the big birds shot down she was clear about one certain thing:

“Whoever lost in the NRM Primaries and is planning to run as an independent, will cease to be the member of the party”.  So the Ministers and big men who have lost their slot will surely lose their crony status if they go against the NRM-Regime in the General Election.

Kable NRM Primaries P1

Deflectors after the elections:

Dr. Fred Ruhakana has today officially announced his defection from the NRM party due to irregularities that was practiced during the elections in Kabale district where he lost the seat for kabale district chairperson.

Deborah Mwesigwa has rejected the result and outcome of the Kabuli County. She has claimed that the election in the county was filled with voter intimidation, that they used government resources to gain the upper hand. So Deborah has said after this that she will goes an independent candidate in the general election.

Some reports from the country:

Alebtong County:

“Isaac Apenyo has been declared NRM flag bearer for Ajuri. He thrashed the spokesman NRM parliamentary caucus, Hamson Obua” (…)”Christine Jibu Mambo has taken over the elections for Woman MP, beating Dorcus Acen, Emily Akullu…” (…) ”Meanwhile, asides the reported violence & vote rigging in Moroto county, Minister Rebecca Otengo was declared the winner. The supporters of her rival Sam Okwir, are very bitter about the results, they claim the security agents were so brutal on them. And so they’ve not come to terms with the results, saying the numbers were changed from Abia & Apala sub counties” (94.3 QFM Lira).

Bufumbira East:

The Flag-bearer for the county is Paul Geoffrey Bavuga.

Burashya District – Kabarole MP:

The Police had to intervene in Kabarole, where the one involved into the matter was John Busingye and Maragreth Muhanga, not the candidates themselves, but the supporters of the two was battling each other. The protest became so violent that they actually broke a bridge and that one was the bridge of Katanda!

Busiiro South:

Peter Ssematimba won the MP seat there.

Kanungu:

Where the press release was coming earlier today was because of Police and Special Force Unit (SFU) has been involved in the balloting and changing of the result in this district. At certain stage at some polling stations there was more police officers then voters.

Kassanda South:

The flag-bearer of the county is now Nsubuga!

Koboko:

There been said that Anite Evelyn was contesting unopposed in the county. Though some says she was contested against a Baba Diri and even the rumors of her losing badly to this person. So did she go as sole candidate in the county or did she not?

Kumi Muncipality:

Charles Olaboro won the election in Kumi and because of that the one who lost the election in the area Silas Aogon cires foul and has sent an petition to the NRM Electoral Commission on the matter.

Luweero:

The Police has banned unapproved and the unregulated victory parties in the county especially the parties for the NRM candidates.  

Lwengo:

Where there been madness in the recent days a Police Officer has been taken with pre-ticket ballot-papers and he is being charged with the offence of rigging the vote.

Mbrarara:

“Although voting begun late,the exercise in Mbarara was peaceful with a heavy security presence to avert any violence.MP results at various polling stations in Kakoba are still being counted”  (…)”At Kakoba Police: Agip and Manji for mayorship and Kakyebezi is in the lead.Tumwiine is leading at Nsikye1 and Kiyindi polling stations” (…)”Booma didnt go to polls. Voters rejected the process since only ballots for MPs were delivered” (…)”Two people have been arrested over vote rigging.The duo identified as Frank Mugisha and Mwebesa were arrested from Nyakayozo with ticked ballot papers of two of the Mbarara mayoral candidates” (91.2 Crooze FM).

Ndorwa County East:

Grace Ankunda Bwesigye won the district and because of this the sour loser Osbert Byamukama quit the party this.

Ngoya:

The winner here is Terence Achia Naco.

Ntoroko District:

MP: Gerand Ibanda Rwemulikya

Woman MP: Jennifer K. Mujungu

Ruhinda County:

Captain Mugabe Domonzio Kahonda who won over Gen. Otafiire in the Primaries in the district has finally been released, but, there is a big but! He has to meet before Jinja High Court tomorrow! This starts be more interesting by the minute.

Rubirizi:

The winner and flag-bearer of the county is now Abas Agabe.

Last thoughts:

What do you think? This here never get boring, who and where is the next place for the police arresting and candidate together with security personnel going into the tally centers and secure voting results going their way. There will be more! But not more from me today I think, depending on what information I get… Peace!

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