Sunday 22 April 2018
(Business Daily 07/03/13)
Uganda’s power distributor is planning to raise $170 million in debt to finance the country’s electricity distribution system capital expenditures over the next five years. The disclosures are contained in a debt proposal arrangement by the International Finance Corporation (IFC), the investing arm of the World Bank. According to the disclosures, the electricity distributor is planning to invest up to $440 million in Uganda’s distribution system over the course of the next years until and including 2018. “Out of this amount the company expects to raise debt financing of up to $170 million, while the remainder is to be financed through internally generated funds,” said IFC in the disclosures. The move comes a few weeks after Uganda’s finance minister Maria...
(New Vision 07/03/13)
Ugandan MPs and their South African counterparts Tuesday prayed for quick recovery of the former South African president Nelson Mandela who is currently in Pretoria hospital battling a recurring lung infection. MPs hailed the 94-year-old anti-apartheid icon for leading a movement to unify a divided nation and reconcile decades of pain and racism. "We pray for quick recovery of our beloved freedom fighter who with patience, wisdom and a willingness to sacrifice for others, led a movement to unify a divided nation and reconcile decades of pain and racism," the presidential affairs committee chairperson Col. Fred Mwesigye said. The head of South African delegation, Elliot Sogome, lauded Mandela for his exceptional leadership as president of South Africa from 1994 to...
(New Vision 07/03/13)
The National Social Security Fund (NSSF) Wednesday received a gross dividend of sh1.97b from its sh36b investment in Umeme’s initial public offer (IPO). This will come as good news to NSSF contributors who have been skeptical about the worth of the investment following several reports of a “bad deal.” NSSF’s total holding in Umeme as at June 30, 2013 is over sh131m shares which is an equivalent to 8.1% of the total number of shares issued by the company and 20.3% of the shares available for trading. “It has provided double digit return,” said Richard Byarugaba, NSSF managing director while receiving the cheque. Sam Zimbe, Umeme general manager corporate and regulatory said in the last three months, Umeme has registered...
(In2 East Africa 07/03/13)
The operations which started early morning saw security agencies move from house to house. Security operatives sealed off roads in spot areas of Kisenyi, Kijungu and Kakoba in Kakoba division, Mbarara Municipality as they checked inside vehicles as well as people’s identification documents. The operation took many residents by surprise. It follows a recent wave of murder cases and police said wanted to end killings of innocent civilians from and on their way home by thugs. The latest was the murder of a World Food Programme official Andrew Mpimbi who was stabbed to death as he was opening the gate of his home in Kisenyi, Kakoba Division. The suspects include both men and women with babies who had no identification...
(New Vision 07/03/13)
Fresh data from several small trials presented at an AIDS conference on Wednesday provides encouraging news in the quest for a cure for HIV, scientists said. Giving an update in an eagerly-followed trial, researchers said an HIV-positive infant in Mississippi who was put on a course of antiretroviral drugs within a few days of birth had remained free of the AIDS virus 15 months after treatment was stopped. In Boston, two HIV-positive men who were given bone-marrow transplants for cancer also had no detectable virus 15 weeks and seven weeks respectively after stopping AIDS drugs, a separate team reported. Both research projects are at an early stage and should not be taken as a sign that a cure for the...
(Daily Monitor 07/03/13)
Uganda Law Society secretary general says Museveni and Aronda have only two options, but Attorney General gives the former Army Commander green light to serve both in Cabinet and in the Army. A senior official at the Uganda Law Society (ULS) yesterday joined the chorus of voices critical of President Museveni’s reluctance to follow the law and retire his former Chief of Defence Forces ahead of Parliamentary approval of his ministerial appointment. Mr Nicholas Opiyo, the secretary general of ULS, under which the fraternity of lawyers congregate and enjoy legal mandate to guide the country on matters of law, said there were only two choices available to the President and Gen Aronda Nyakairima. “To either continue his illustrious military career...
(The Observer 07/03/13)
Gen David Sejusa has dropped the clearest hint yet that he may not return to Uganda soon. In an interview with Peter Clottey of Voice of America television, Sejusa, better known as Tinyefuza, also went to great length to explain why he wrote the highly-critical letter that set him on a collision course with the NRM government. Sejusa fled to the UK in April, after writing a letter demanding an investigation into an alleged assassination plot against government officials opposed to First son Brig Muhoozi Kainerugaba’s perceived presidential ambitions. In the revealing interview, a transcript of which is published below, also says the army coup plot that dominated public debate earlier this year was real. He says former Chief of...
(Redpepper 07/03/13)
Government still insists that the taxes proposed in the 2013-2014 Budget on Fuel and Water are too minimal to be criticized by the public and media. In the budget the Minister of Finance Maria Kiwanuka proposed an additional 50 shillings excise duty on fuel and re-introduced kerosene excise duty of 200 shillings per litre. Government Chief Whip Justine Lumumba told members of the press that media houses are portraying these taxes as a burden to the people which she said that it was only 50 shillings that was increased on fuel and argued the media, ministers and politicians to let the public know that the increase is so minimal and does not require protests. She blamed the media for only...
(Daily Monitor 07/03/13)
Mr Petero Kiiza has for more than 20 years struggled to transport food to Hoima District central market. The 47-year-old resident of Buseruka Sub-county is a subsistence farmer who has for long braved a bumpy and dusty road as he transports food to Hoima Town for sell. “I now find it easier and faster to access the market which is about 13km away from my home because of the tarmac road,” Mr Kiiza, who uses a bicycle to access the market, said. He is among the several residents who are tapping the opportunities that have come with the tarmacking of the 92km Hoima-Kaiso-Tonya Road. The road links Hoima, a town clamouring for oil city status, to the Kaiso Tonya areas...
(Redpepper 07/03/13)
NRM officials in Masaka district are scheduled to convene a crisis meeting this week to resolve internal wrangles that have forced 300 members to quit the party. People draped in NRM colors at a recent function. On Monday, 300 NRM supporters convened a meeting at Buddu Guest House in Masaka town and resolved to quit the party. They cited marginalization, poor leadership and the failure by President Yoweri Museveni to meet them to resolve party wrangles, as some of the reasons behind their decision. Tony Ssempijja, the NRM Youth chairperson Masaka municipality says they resolved to quit after writing to Amama Mbabazi, the NRM secretary General and their chairperson President Yoweri Museveni for intervention in vain. Ssempijja also says that...
(Redpepper 07/03/13)
Jailed former Principal Accountant in the Office of the Prime Minister (OPM), Geoffrey Kazinda has appealed against the recent five year jail term handed to him, saying he is unhappy with the sentence. Mr Kazinda filed the appeal before the Court of Appeal in Kampala on June 27. On June 26, Anti Corruption Court Judge David Wangutsi sentenced Mr Kazinda to five years in jail for one count of abuse of office, and one count of making a document without authority. He was also sentenced to 2 years for each of the 26 counts of forgery and one count of unlawful possession of government stores. The judge said all the sentences are to run concurrently bringing the total number of...
(Redpepper 07/03/13)
Dr Kizza Besigye, the former Forum for Democratic Change (FDC) president along with eight other opposition politicians are tomorrow expected to at Buganda Road Chief Magistrate’s Court to answer to charges in connection to participating in the illegal demonstrations in the country. Also expected in the dock are; Mr Mathias Mpuuga (MP Masaka Municipality), Ms Ingrid Turinawe (chairperson FDC women league), Mr Asuman Basaalirwa (Jeema party president), Mr Muwanga Kivumbi (Butambala County MP), Mr Francis Mwijukye (FDC youth mobiliser), Mr Munyagwa Mubaraka (Kawempe Division mayor) and Mr Chaapa Karuhanga (former presidential candidate). The nine opposition leaders are expected to enter plea to the charges of holding unlawful assemblies in the country.The nine were summoned on May 16, by Chief Magistrate...
(Standard Digital 07/03/13)
President Uhuru Kenyatta has been urged to step in and end the row over the ownership of Migingo Island with the Ugandan government. Nyatike MP Omondi Anyanga said President Uhuru should ensure that the Island reverts back to Kenya within the shortest time possible. Anyanga in whose constituency falls on the Island told The Standard in Nairobi that the continued harassment of Kenyan security officers and fishermen by Ugandan forces necessitated an intervention by the Head of State. “We have an assistant chief and Administration Officers in Migingo Island which is also a polling station in Nyatike constituency and it is important that Kenya secures it from the hands of Ugandan soldiers,” Anyanga said. Anyanga reminded President that during the...
(The Observer 07/03/13)
He was arrested and charged against a backdrop of an investigation into the mismanagement of the National Leadership Institute (NALI) which he headed from 2009 to 2011. Bantariza appeared before the General Court Martial, chaired by its newly- appointed chief, Brig Ddiba Ssentongo, today and was charged with three counts of fraud. Prosecution alleges that Bantariza on February 3, 2011 at Akamba Uganda Ltd, on Old Port Bell road in Kampala, received a tractor and its accessories, donated to NALI by the ministry of Finance. However, Bantariza allegedly claimed in forged receipts that NALI had bought the said tractor at Shs 67 million. After he was charged, Bantariza was remanded to Makindye Military Police barracks. Lt Col Paddy Ankunda, the...
(The Wall Street Journal 07/03/13)
LONDON--U.K.-listed oil and gas explorer Tullow Oil PLC (TLW.LN) said Wednesday it could be on track to repeat its success in Uganda as it announced positive test results from two wells in Kenya. The discoveries underscore East Africa's potential to become a major oil hub in the next decade as explorers tap into the relatively unexplored region. Tullow is already well-established in the region with its interest in the Lake Albert area of Uganda where the company and its partners have discovered in excess of 1.2 billion barrels of oil equivalent, one of the company's biggest discoveries to date. The area it is exploring in Kenya lies in the East African rift basin, of which Lake Albert is also a...
(New Vision 07/03/13)
KAMPALA - Uganda's central bank held its benchmark lending rate at 11 percent on Tuesday, citing renewed inflationary pressure. Policymakers said the bank expected annual core inflation would rise slightly over the next two-three months, before falling back towards its medium-term target of 5 percent. The rate was at 5.5 percent last month. Central bank Governor Emmanuel Tumusiime-Mutebile also said the bank had raised its economic growth forecast for the 2013/14 fiscal year to 6 percent from an initial forecast of 5.1 percent."The adverse weather conditions currently being experienced in most parts of the country could push up prices in the near-term and this poses an upward risk to the inflation forecast," Tumusiime-Mutebile told a news conference. The bank last...
(The Wall Street Journal 07/03/13)
KAMPALA, Uganda--China's state-owned Cnooc Ltd. (0883.HK, CEO) has expressed interest in investing in Uganda's oil refinery and a crude export pipeline, as the east African nation prepares to develop its fledging oil sector. Uganda's presidency said in a statement Wednesday that the Chinese company expressed interest in the two projects following a meeting between company Chairman, Wang Yilin and Uganda's Prime Minister Amama Mbabazi, who is on a week-long state visit to China. Cnooc together with U.K.-based Tullow Oil PLC (TLW.LN) and France's Total SA (TOT) are in the process of developing Uganda's oil fields in the Lake Albertine Rift basin. Cnooc becomes the first company among the joint venture partners to express interest in the two projects, since Uganda...
(Voice of America 07/03/13)
UNITED NATIONS — U.S. Secretary of State John Kerry will chair a meeting of the U.N. Security Council later this month aimed at strengthening efforts to achieve peace in Central Africa’s Great Lakes region. Acting U.S. United Nations Ambassador Rosemary DiCarlo told reporters Tuesday that the high-level Security Council session will take place on July 25. The U.S. currently holds the rotating presidency of the 15-nation council. “The session will build on several events that have brought renewed energy to this effort," she said. "Secretary-General Ban has accepted our invitation to brief, as has World Bank President [Jim] Kim. [U.N.]Special Envoy Mary Robinson and high-level representatives from the Democratic Republic of Congo, Uganda and the African Union have also been...
(Ventures-Africa 07/03/13)
VENTURES AFRICA – The African Development Bank (AfDB) on Tuesday said it has earmarked up to $3 billion for Africa’s power sector over the next 5 years. AfDB President, Donald Kaberuka, speaking from Dar Es Salaam, said the bank’s interventions will include investment loans, reforms, advisory and guarantees in the energy sector. This is part of the bank’s backing for President Barack Obama’s $7 billion Power Africa plan which Obama unveiled on Saturday in Cape Town, South Africa. The US-led power plan will pay more attention to advancing more access to power in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania. Blue chip companies including General Electric and Symbion Power will also invest an additional $9 billion. Kaberuka said AfDB will...
(Xinhuanet 07/02/13)
The death toll in the weekend fuel tanker accident in central Ugandan has risen to 35, a top government official said here on Monday. Rose Namayanja, minister of information and national guidance, told reporters that the death toll rose to 35 people on Monday morning from the 29 that was reported on spot in the Saturday night inferno, as six out of 29 that were injured dried later. A Kenyan registered fuel tanker number KBL 361B caught fire after it was knocked by a station wagon car about 10 km west of the capital Kampala. "The impact and damage at the back of the fuel tanker caused a spillage of fuel on the road and the nearby papyrus swamp. The...

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