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Archive for the tag “Patrick Bitature”

Uganda: Statement by Mr. Patrick Bitature on the malicious stories circulating on Social and on-line media channels (15.02.2017)

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

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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.

The People’s President had rallies today in Kiruhura and Ibanda; while also inspecting a depleted government school in Kiruhura

Kiruhura District P.S. P3 29.01.2016

It is time again to show a campaign trail day of the FDC Campaign Convoy and Dr. Kizza Besigye, they are holding it up while the driver Fred Kato is detained and in jail. The campaign does not stop because of this. Though it is just the opposition who has to cope with that, it’s not like Mike Sebalu or Ofwono Opondo would be jailed for some nonsense, right?

Pretext to the campaign area:
“On the 6th January 2016 FDC offices in Kiruhura district were broken into by the military, the deadly illegal operation was led by an Army officer known as Major Rutakara (mrs) of Kyakabunga village, Nyakasharara sub-county, FDC materials such as Besigye Posters, T shirts, and P10 cards were confiscated” (Minbane, 06.01.2016).

Paying Boda-Boda drivers to shun the FDC rallies in Kiruhura and Ibanda:
Patrick Bitature was supposed to support men to walk around in the district to give the boda-boda drivers UGX 30k to not drive around people to the rallies in the district today. Just as they have offered before in other districts, they also used the same tactic when Go-Forward was in the area campaigning. The same strategy was used in Ibanda district where the men went around promise them a slaughtered cow if they didn’t drive people to the FDC rallies in the district. This was the promises done before the Dokita rallies in Ibanda.

Other news on opposition issues in Kiruhura district on 28th January:
A Church leader with the name of Justine Namara was thrown out of church after the congregation got to know that the leader was a supporter of Amama Mbabazi. In Kanoni town the Catholic Church Leader who was given a motorcycle by John Nasasira has been harassed by the people and the motorcycle have been withdrawn.

Kiruhura District Rushere FDC Campaign 29.01.2016

Kiruhuru district rallies didn’t start here, but he had an effective campaign rally in the town of Rushere. Where the locals even gave away NRM membership cards to the People’s President!

Kiruhura District P.S. P1 29.01.2016

Dr. Kizza Besigye between rallies in Kiruhura and Ibanda districts he visited a Primary School in Kiruhura, who was supported by funds of USAID, and now run on the Government funds, and the pictures of the school proves the local neglect from the Local Government Council and allocation to this school.

Kiruhura District P.S. P2 29.01.2016

The wave of change has not spared Kazo sub-county here in Kiruhura district.
They telling Kizza Besigye at ” Kyahweire” that he shouldn’t worry.

Kiruhura District Kazo Sub County FDC Campaign 29.01.2016

Police in Kiruhura commanded by DPC Byaruhanga has tempted to break Dr. Kizza Besigye from using a road leading him to some campaign venues claiming there is a market place; where they claim Kizza Besigye was likely to disrupt business. At Bugaruhe police was found barricaded the road using police pick up which forced Dr. Kizza Besigye to ask the why they are denying him the way. After minutes of exchange between police and FDC supporters, police later backed back and left Besigye’s convoy to proceed to the next venue. Surprisingly the place where police claimed to be the market there were no people. Meanwhile the tirn up at Besigy’s rally in Kiruhura district is overwhelming.

Byaruhanga Kiruhura District 29.01.2016

Then we see the people greeting Dr. Kizza Besigye while driving into Ibanda Town before the main rally in town! Massive show-up and turn-up for the team!

As the massive rallies in the district where coming to the end. The Calvary had to show up and show their force as they couldn’t do anything else. In Igorora where he was about to hold his last rally before heading back to Mbarara for the evening; the Police intervened and baptized the crowd in tear-gas and scattered the public who had turned up for the rally.

Ibanda Rally P1 29.01.2016 FDC

Kizza Besigye words after the rallies today:
“Kiruhura and Ibanda now better to say thank you! You made it clear to the world some of you through TV interviews like Kiruhura. And many of you through the joy and strength to sacrifice your time and resources to have us continue with this struggle we started in 2001. We thank you for the keeping the faith alive and the support. May God bless each one of you.
Kabale here we come…”

That’s enough for today. Peace.

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