Opinion: Mzee continues to be hostile to any voice, but himself!

I have come here,(Buddu FM) mainly to undo the lies peddled by unscrupulous people on radio stations” (…) I have been polite, but when time comes I will get hard at people who spread lies about the government” (…) “The reason why am here is to detoxicate because many people having been poisoning the public with false information” – Yoweri Kaguta Museveni on Radio Buddu (09.09.2017).

President Museveni had yet another radio show explaining his plans with the Land Amendments and Constitutional Change. As his party and his henchmen has blocked Besigye to do the same. Therefore, National Resistance Movement (NRM) is clearing the air for the President. So when he does that, he should spring some enlightenment, instead he is attack the opposition and the other radio stations.

President Museveni could have told why he and his cronies were blocking Besigye from different radio stations, while he was on his own. Also, why Museveni at the same time stopped an on-air talk-show. Instead, days after he is grasping for air and assaulting them. Mzee, never liked opposition or visions who is not his own. Museveni and NRM have never really been about Multi-Party Democracy or visions for governance.

I am not surprised that Museveni is attacking the opposition and other media for questioning his vision. That has always been lies, since he is the truth-teller who has never told a little lie. He was supposed to step-down twice, he said once Presidents was not supposed to overstay in power. There are countless of lies in the over 30 years in charge. So when he says other people’s lies, he is throwing stones in a glass-house.

Also, when he warns media of having other voices than his. He proves his megalomaniac and controlling sense. Museveni and NRM are the only one for him. Mzee wanted to crush the opposition after the General Election of 2016. The President will really silence the media for his sake, therefore the Amendment cannot be that great if he has to warn the media.

That is automatically lies, since he has to use time for a Radio Campaign to muster support. Mzee is really on thin-ice dancing with the stars, when he has to muster threats instead of policy. When he has to silence and shuffle his deceptions to the airwaves. He spoke afterwards of that, but who cares when he goes all anti-mode and all in to win. It doesn’t matter what sorts of words he says, since he has already put distrust to any voice other than his.

I don’t believe a single word Museveni says, but that is because of decades of deceptions and play the facade. You are naive if you believe this man. President Museveni has used all tricks in the book. The Constitutional Amendment are only out for one thing: Make it easier for the government to take titles and land. So this is to sell-off land to investors and cronies, so they can short-change the public. That is the story the President will not tell. Therefore, what I am writing is a lie and also whatever “what-his-face” is saying on the radio whose not the President. Peace.

Opinion: NRM are cowards for blocking Besigye’s radio campaign!

Just as the President Yoweri Kaguta Museveni stopped his national radio trip for traveling abroad for a conference of some kind. The Opposition leader and the People’s President Dr. Kizza Besigye was planning of having his own radio campaign to counter the peddling lies of the President concerning the Land Amendment.

Because the Forum for Democratic Change (FDC) are questioning the motives of the Constitutional Amendment and the possible land-grab. That will hurt to be listening to in the villages. That is why the Amuru land-grab has hurt the plans of the government and their sugar factory agreement with the foreign investors. Clearly, Besigye speaking ill of it will bend the lies and mask of the government. This is something the National Resistance Movement (NRM) and Museveni cannot deflect. Therefore, even as Besigye had paid Voice of Kigezi or 89.5 FM – The Trumpet, we’re paid 1,000,000 million shillings for participating in a talk-show on the radio. This one time payment was paid on 8th September , as the show was scheduled yesterday. But the Radio was blocked by the government to air it. The same radio station that hosted the President on the 4th September. But when Besigye tries on the 8th September its blocked. What childish play by the government!

You know your speeches and arguments are weak tea, when you cannot be disowned or having other organizations question your actions. Your know your attempt of change of laws is disgusting, when the opposition cannot question it on air. Another radio station Besigye was blocked from was the Kabale Radio station, 94.7 FM Freedom Radio. To this radio station Besigye paid 500,000 shillings. So half million shillings for the time, that he couldn’t use. So Besigye has paid two radio station 1,5 millions shillings, but we’re blocked by both. The Mbarara and Kabale based stations.

That Museveni and NRM are cowards, that he has to continue with foul-play is just proving his belittling of fellow citizens. It’s just like NRM can have rallies and demonstrations for the Article 102 Amendment in Arua, but if the FDC would have a counter demonstration, they would be arrested, detained and blocked for doing so. The Police would use the Public Order Management Act, even as the Opposition had informed and notice as by law. Still, the Police would interfere and shut it down. But the NRM and NRM Youth can walk the street with banners and demonstrate for the cause.

The same is now shown with radio campaign of Museveni, but when Besigye tries to do the same. He is blocked. Its cowardice and show how little margin of error there is for others, but Museveni is the royal king who can do as he wants. Museveni can put shackles on anyone, but he can do as he pleases. No boundaries for the misuse of power, as he uses it by any means. Peace.

Bank of Uganda report spells out growing non-performing loans and possible default of 9 banks!

Bank of Uganda’s late Annual Supervision Report of 2016 is finally out. Instead of mid-year, it was released in September. It must be reasons for that, since this is in the year two banks lost their balance and one was traded to another. The Crane Bank sale-off and losses have started most people, as also the expensive pens of the Bank. Therefore, with the procurement of pens must be the reason why the months from July to September to see the Annual report. The 2016 spreadsheet isn’t a fun read, it is dire and says something about the financial institutions, as well as the economy in general.

This report are telling stories of bad performing loans and the quality of them. When looking into that, you know that this is banking practice that supposed to be profitable. To loan money away that people save in the bank and gain interests. So, when the numbers are this crunching. When the state of affairs are so dire. When Government Securities and shortfall is what they are. Then you know there are failing prospects. As this the year after campaigns and elections. It is usually painful after the heavy spending and brown envelopes to anyone who support Mzee. That is why the costs and the non-performing loans are growing. But where that money went, is only known by the elite and the NRM. Take a look!

Non-Performing Loans:

The analysis of default by the banks’ three largest borrowers and an increase in NPLs by 200 percent revealed large potential losses. It showed that if each bank’s three largest borrowers were to default, with a loan loss of 100 percent, 13 banks would become under-capitalised with an aggregate capital shortfall of USh.513.86 billion. If NPLs were to increase by 200 percent, assuming the increase is in the loss category which requires full provisioning, 9 banks would become under-capitalised with an aggregate capital shortfall of Ush.247.39 billion. A decrease in interest income from government securities would not require any additional capital from the banks” (BoU, P: 4-5, 2017).

Loan Quality:

The banking sector’s overall asset quality continued to decline in 2016. The ratio of non–performing loans to total gross loans increased from 5.3 percent in December 2015 to 10.5 percent in December 2016. The increase in the NPL ratio was mainly on account of bad loans which more than doubled from USh.573.4 billion in December 2015 to USh.1,203.2 billion in December 2016” (BoU, P: 15, 2017)

Earnings and Profitability:

There was a drop in profitability of the banking sector in 2016. Annual after tax profits reduced by 44.2 percent or USh.239.1 billion from Ush.541.2 billion in 2015 to USh.302.1 billion in 2016. Average return on total equity (ROE) dropped from 16.0 percent to 8.3 percent while return on assets (ROA) halved to 1.3 percent during that period. Total expenses grew by 9.3 percent, mostly in the form of interest expense on deposits. Increased provisioning for bad debts also reduced the banking sector’s earnings for the year under review. Provisions rose by more than 100 percent, by USh.419.4 billion to reach USh.637.2 billion in 2016” (BoU, P: 16, 2017).

So this growth isn’t making the economy more healthy. It is more bad loans and losses of profits. The bankers are not benefit ting and the costumers will pay for the shortfall in the long run. The assets and the basic needs will not be covered. The dangerous levels of NPL can even kill of more banks. As the reports not spelling out the names, but saying 9 banks could be under-capitalised, that means the government has to come in with security to put the bank on its feet or trade it off. Like it did with the Crane Bank recently.

Therefore, there are warning signs of continuing to borrow without security for repayment on the debt. That gives way for non-performing loans. This is the whole idea and reason for the problems the 9 banks have. As the costumers and corporations borrowing funds, without capacity to repay. That means the planned interest, the planned profits and repaid funds disappear. So, the more borrowed funds to try to catch the losses, is creating a evil spiral of losses. Instead of generating the profits and interests as anticipated.

Clearly, the banking sector needs a revamp and the system needs a push to make sure they are run smooth. As the consequence of continuing like nothing, is that further banks will default and costumers will lose savings and the state has to cough-up funds to save the scraps of a bank. Peace.

Reference:

Bank of Uganda – ‘ANNUAL SUPERVISION REPORT’ (December 2016) Volume 7 (06.09.2017)

Opinion: President Museveni Defense of the Land Amendment is to be calling out the ones against it – ENEMIES!

The man who wants to sensitize and usually talk about the Republic as one, the Ugandan Republic. President Yoweri Kaguta Museveni on this Radio Campaign to defend and promote the Constitutional Amendment on Land Reform. The first interview has no showed his true character, since he is calling the ones who disagree enemies. He cannot manage to come with sufficient arguments to defend it. Like the issues inside Uganda will not be solved this. This here is not made for development of infrastructure or industrialization. The ability to grab land and without the issues they have today with the titles.

That is why the land titles and deeds are so important. The Republic should make it hard to take land, since this can be conned away from the villagers and citizens in general. Because the state made arrangements with investors and plantation owners. That is what most likely will happen. Because that is what President Museveni has done and tried to do as long his been the Executive of Uganda.

Just read the quotes from radio interview yesterday.

Favorable quotes from the Radio Show on Voice of Kigezi FM:

We are the only country in the region and may be in the world, who legislated to give land to the people; otherwise elsewhere, land belongs to government” (…) “The challenge that the government has is land owners who reject government compensation and run to court thereby making government projects stall. I even wonder what these liars mean by “government grabbing people’s land” and Ugandans must know these liars as their enemies and enemies of Uganda because they are against the development of the country” (…) “They are the same people who talk of unemployment amongst the youth but go on to frustrate government projects such as those in the energy and transport sectors that provide incentives for investment. They even frustrate investors directly as you are aware of the Amuru sugar project that has stalled for 6 years due to the same people” (…) “We need mass industrialisation to develop our country but these saboteurs continue to frustrate investors. I call upon all Ugandans to rise up against these people who are enemies of Uganda” (…) “We even risk denting our country’s image internationally and being isolated because of the character of these people. We have to expose and shun them; otherwise the rest of the world will misunderstand us” (Museveni, 2017).

The President, the government and his cronies will clearly find ways to spoil it. The National Resistance Movement (NRM) and the President will use the Land Amendment to make sure the projects and developments benefiting them will appear. President Museveni have to call the ones who stand against him “enemies”. He must surely dislike Mama Mabira, but she has switched to his team, so “no”.

This amendment will not create industrialization, the land issue will be more dire. Since this gives more power to the state. The state will overpower the citizens, the land can be taken away from them. President Museveni has no issue pushing this, because the earnings of profits and taking the land from the citizens will benefit the President and the NRM. This will not be for the greater good, it will be used as pawns for the citizens, that is why the ones who stand against it is enemies. They are not opposition, but enemies, because he fears the ones who oppose it.

The President should discuss it with manners, but he doesn’t, President Museveni has to address the ones who are disagreeing with him, as enemies. That is just proving his lack of thinking of democratic ideas and spirit, but he wanted to get rid of opposition parties after the recent elections. It fits with his modus operandi.

But that the ones standing in his way, are ENEMIES. Set worrying signs, they are not fellow peers, they are not of another opinion, but enemies. The warfare and bush-war spirit is still alive, because he has rig and cheat to win elections. He wouldn’t win in a fair fight. That is something the President knows. President Museveni should discuss the Constitutional Amendment with just words, not like this. However, the old man doesn’t know better or cannot change his character. Peace.

Reference:

Yoweri Kaguta Museveni – ‘President Museveni explains his radio land campaign’ (05.09.2017) link: https://www.yowerikmuseveni.com/president-museveni-explains-his-radio-land-campaign

President Museveni on Radio-Tour to explain either [Land Amendment] or (Land Grab) 101!

In the coming days near you, if you listen to the radio-channels of Voice of Kigezi, Radio West, Voice of Tooro ,Spice FM, Point FM and Radio Buddu. From today at 19:00 Uganda Time, the radio will filled with reasoning of Mr. President, His Excellency President Yoweri Kaguta Museveni. Who for the moment are still trying to figure out a way of spoiling his own age and birthday, but that is for another day.

Right now he is on a quest to prove the validity and reasoning behind the Land Amendment in the 10th Parliament. The reason for the government sudden need to take more power and have the capacity to take land away from the current landowners and titles from the locals. That without following the current provisions and compensations for land. Because that is hassle, the state needs it for cheap. That is why the President will go on tour explaining, the brilliant legal scholar of Kahinda Otafiire and his minions. So that the people who listens will understand, that the reasonable theft of their livelihood is for the common good and that is just to follow the Don, follow the President no matter what. Here is the amendment in question!

“Amendment of Article 26:

“(3) Where the owner of property or any person having any interest in or right over property objects to the compensation awarded under a law made under clause (2Xb), the Government or local government shall deposit with court for the property owner or any person having any interest in or right over the property, the compensation awarded for the property, and the Government or local government shall take possession of the property pending determination by the court of any dispute relating to the compensation” (Otafiire, 2017).

“(4) The owner of property or person having any interest in or right over the property shall have a right to access the compensation deposited with the court referred to in clause (3),at any time during the determination of the dispute” (Otafiire, 2017).

“(5) Parliament shall, by law, prescribe the time within which any dispute referred to in clause (3) shall be determined” (Otafiire, 2017).

This provision of the law is not to make it better, by law it makes the state more powerful and the frugal mind can possess the land and develop on it. They will take the laws in their hands and make sure the developers get easier access, without having to make sure the facilitation or the boundaries are kept, in this spirit this quick transition is made for less transparent system and for more land grabbing in the hands of cronyism and of the state. This will only benefit the elite and the ones who wants to build sugar factories and plantations, without having to care for the locals, who has been living on the land for generations.

The speeches and his words, better be stellar, his lies better be sufficient and his stamina, better be top notch. Since, the way he will explain this otherwise, will be disastrous, since in the grand scheme of things. This is taking the hand that feeds districts and beating them with a stick. He better, come with some sort of play and some sort of argument that makes cow shit, look like chocolate. Because that what he needed be. Nothing else, just which, he needs to sprinkle the cow-shit and call it hot-fudge sundae. There is nothing else to do. Peace.

 

Reference:

Otafiire, Kahinda – ‘Constitutional Amendment Bill of 2017’ – 08.06.2017 – Uganda Gazette No. 33, Volume CX, Bill Supplement No. 7

Uganda Local Government Workers Union (ULGWU) letter to PM Dr. Ruhakana Rugunda – “Reminder: Remunerations Enhancement for Local Government Workers” (29.08.2017)

#BoUPens: BoU bought cheap Cross Ball-Pens for a fortune!

I hate to say it, but the magical pens from the Bank of Uganda (BoU) wasn’t a fairy-tale as expected. It was a cheap corporate pen, that was bought for astronomical sums. They are not so expensive after all. It is Cross Rolling Ball Pen Nor Onyx AT0155-1, the price of this not as high as the Bank paid for it. Unless, they wanted to pay of their importers major profits, however, the Bank must have connections with the traders who sold it to them. If not, why did they pay so much for Cross Ball Pen in the first place.

First, the social commentary from earlier this month:

Hey, Bank of Uganda, the glorious BoU, if you ever need any sort office equipment. I can sell it to you and at lesser cost. It will be fraction of the 357,000 Uganda Shillings per Pens or 125m shillings for 350 pens. At the dollar-rate, you paid $105 United States Dollar for each pen, they must be magnificent and the best pens ever made for the mankind” (Minbane – ‘ Opinion: Bank of Uganda must have bought magical pens!’ 16.08.2017 link: https://minbane.wordpress.com/2017/08/16/httpwp-mep1xtjg-5gh/ ).

Than, by the price of $105 USD for every single Cross Ball Pen, which was made in China. These Ball Pens are really overpriced. On the American Amazon.com price are $36.62. The Amazon product explanation: “Onyx black resin finish with polished chrome appointments – Click off cap accented by a wide chrome band and a sophisticated perforated clip design – Includes one black gel ink rollerball refill (#8523) in pen – Cross Rollerball pens can be converted into a ballpoint pen or creamy porous felt-tip pen by changing the refill to desired type of tip (Refills sold separately) – Presented in a gift box” (Amazon – ‘Cross Aventura Onyx Black Rollerball Pen (AT0155-1)’ link: https://www.amazon.com/Cross-Aventura-Black-Rollerball-AT0155-1/dp/B0017UGOZC).

So if the Bank of Uganda are importing the pens, than the price would go up. Both most like not cost more than maybe around $60 USD a pop. Clearly, the BoU are liking the idea of the overpaying the pen. The Bank might have bought it from places like Corporate Gifts Pens, there they would get discounted for amounts of pens they would by. That is like if they buy over 100 pens, around $24,79, so the price of pens would be cheaper. Even engraved pens cost added on that page $5 each, that means the price would be around $29,79.

Still, with that the price difference are $70-75, which has to paid extra to the providers or suppliers. The government and the Bank of Uganda must be really proud of who they bought it from. If not, the Chairman or the leadership of the BoU really know the family or written-off the profits to paid their mortgage.

This here was not about quality or unique pen. Just a very ordinary pen. Not even in the quality of the Parker Pens. The BoU has really scammed the people and the Bank doesn’t care about the misuse of state funds. Peace.

Uganda Police Force – Press Release: “We refute claims by a local daily of using sex workers as spies” (25.08.2017)

Opinion: President Museveni claims in a letter to the FM Kasaija – ‘that the government is “mushrooming”’, well, that is his own creation!

 

It is ironic and hard to take serious that President Yoweri Kaguta Museveni wrote a letter to the Finance Minister Matia Kasaija, Minister of Public Service Muruli Mukasa, Minister of the Presidency Esther Mbayo and Head of Public Service and Secretary to the Cabinet John Mitala. This letter was sent on the 17th July of 2017 and was titled: “Re: Mushrooming Agencies/Authorities”. It is ironic and weird, it is the irrational part of Musevenism. The ones that speaks against corruption, but give provisions for a “Presidential Handshake”. Therefore, this is in line of the others chronic problems, this is just one of them.

This here is in line of this, just like the President has problems to understand that the state will have higher costs with each added district and carving out every single county to have someone to be leaders as Residential District Commander and other local government. The same feeling I’m getting by this letter. Since it is his creation and his vision behind the new agencies and the bold hiring of cronies to any department in Uganda. That shouldn’t be shaved from history. He has had 30 decades, most of the Ministries and their agencies has come as answer to his reasoning and him sanctioning it.

Therefore this quote from the letter is obvious trying to put blame elsewhere:

The questions are: “Why have an Agency when you have a department of the government dealing with the same area of responsibility?” “Why have an Authority when you have a department of the government dealing with the same area of responsibility?” “Why have Boards for money consuming units rather than money generating units?” Boards came into existence when capitalism was growing. In the infancy of capitalism, the owner (the proprietor) would also be the manager because the operations were small. When capitalism grew, it was too much for the owner to manage. Ownership, therefore, got divorced from supervision (board work) and management (managerial work)” (Museveni, 17.07.2017).

I would say most of them are created for the same issue that the state are soon paying former ministers with remuneration to them, even when they are not in cabinet. The same procedure is with hiring cronies to the boards and agencies. Not all about need or necessary for the government or the ministries. How come there are City Hall of Kampala, Kampala Capital City Authority (KCCA) and the Ministry of Kampala. That is because the state needs to hire enough cronies to make sure they stay loyal, also the state needs more administrative organs to make sure they can find jobs for their loyalists. Not because Kampala needs all of these administrative bodies to function, it does not help that the state also have a Presidential Advisor for Kampala. All of this is proof of the mismanagement. This is only in Kampala and without taking a deep dig into the wards and under all the mayors of Kampala. Not what that is under Lord Mayor and KCCA Executive Director.

The letter continues:

Why, then, should you separate the policy role from the regulation role for the non-commercial bureaucratic portions of the government; Forests, National Parks, Roads, NAADs, etc? Their functions are just two: policy and regulation. There is no business involved. If the Ministries of Works and Finance want to form Road Construction companies that will compete for construction jobs, then it makes sense for those companies to have Boards and Management but not a Board for a unit whose only job is to award contracts using government money” (Museveni, 17.07.2017).

It is ironic again, because NAADs, SACCOs and other Youth Livelihood Programmes have all been created by Museveni and run by close associates, even Salim Selah in some instances. That the President suddenly have issues with this weird. Since on the Campaign Trials, it seems like it is remedy and the solutions to use these government programs, but now with growing debt, it is an issue? You need this money to build a petroleum pipeline and refinery? You can wonder, I wonder, if this is the reason! Since these sort of boards, sort of agencies has been put in place, by laws signed by Museveni and accepted by him. Many is part of legislation to secure each and several ones for pivotal parts of government. Others are just created to hire cronies! Therefore, weird that he want to sack cronies… but maybe it is within need?

I want efficient with no further delays. You have up to 20th December 2017, to propose a plan to Cabinet” (Museveni, 17.07.2017). It seems only to able to change this with bringing in new tools. President Museveni needs these boards for every produce and every parts of government. That is within himself, as the ideology has no value and also no vision. Other than keeping himself in power by any means. Therefore, the boards and agencies will not cease to exists, he needs to hire cronies and pay them by either a hook or a crook. If not he has to go forward or change his system. Maybe he shouldn’t create so many ministries, districts and sort of specialized organizations, but he cannot help himself. That is his MO, nothing else. This will not change! Peace.

The letter:

President Museveni letter to Hon. Muruli Mukasa, Minister of Public Service: “Re: Emolument on Personal to Holder Basis” (01.08.2017)