Enkyuka

kyuka eyakole

ddwa mu ntambula ya bbaasi ereese obwezi

goolo mu basaabaze

By Eria Luyimbazi

Added 13th December 2016



Abamu ku basaabaze nga balwanira bbaasi


EKIRAGIRO ky’okusengula bbaasi ezimu okuva mu paaka ya Qualicel ey’omugagga Drake Lubega ereetedde abasaabaze abamu okubuzibwabuzibwa ne babulako entambula okugenda gye balaga.

 Kino kyadiridde  akakiiko akavunanyizibwa ku by’entambula

 n’okuwa bbaasi layisinsi Transport Licensing Board (TLB)  okuyisa ekiragiro egiggya bbaasi ezikwata mu bugwanjuba

 n’obukikakono mu paaka ya Qualicell  ne balekamu ezidda mu buvanjuba.

Embeera eno ereetedde paaka ya Qualicell okusigalamu kampuni za bbaasi nnya zokka okuli YY Coaches, Gateway, Kampala Hopper, Teso Coach  ne Kakise  okuba nga zezitikiramu

 abasaabaze ng’endala zalagiddwa okugenda mu paaka ya Namayiba ne Kisenyi Bus Terminal.

Nathan Ssemujju  akolera mu kkampuni ya YY agambye nti ekiragiro kino kikosezza nnyo abali mu mulimu gw’okusaabaza abantu mu mu kiseera kino bangi bakonkomalidde mu paaka tebalina mmotoka zibatwala kuba ezisinga zigyiddwa mu paaka.

“ Ekiragiro ekyayisiddwa  nga kiggya bbaasi ezemu mu paaka ya Qualicell kitumenya kuba kati paaka nkalu nga temuli mmotoka zitwala basaabaze era eziriwo bali mu kuzirwanira tusaba abaakiyisizza bakikyuseemu” Ssemujju bwe bwategeezezza.

Agambye nti mu paaka ya Qualicell musigaddemu baasi 32 zokka songa luli mubaddemu ezisoba mu 150 nga abasAabaze bali mu kutataganyizibwa

  ekisusse nga kyetagisa okukomyawo baasi ezimu.




Enkyuka

kyuka eyakole

ddwa mu ntambula ya bbaasi ereese obwezi

goolo mu basaabaze

By Eria Luyimbazi

Added 13th December 2016



Abamu ku basaabaze nga balwanira bbaasi


EKIRAGIRO ky’okusengula bbaasi ezimu okuva mu paaka ya Qualicel ey’omugagga Drake Lubega ereetedde abasaabaze abamu okubuzibwabuzibwa ne babulako entambula okugenda gye balaga.

 Kino kyadiridde  akakiiko akavunanyizibwa ku by’entambula

 n’okuwa bbaasi layisinsi Transport Licensing Board (TLB)  okuyisa ekiragiro egiggya bbaasi ezikwata mu bugwanjuba

 n’obukikakono mu paaka ya Qualicell  ne balekamu ezidda mu buvanjuba.

Embeera eno ereetedde paaka ya Qualicell okusigalamu kampuni za bbaasi nnya zokka okuli YY Coaches, Gateway, Kampala Hopper, Teso Coach  ne Kakise  okuba nga zezitikiramu

 abasaabaze ng’endala zalagiddwa okugenda mu paaka ya Namayiba ne Kisenyi Bus Terminal.

Nathan Ssemujju  akolera mu kkampuni ya YY agambye nti ekiragiro kino kikosezza nnyo abali mu mulimu gw’okusaabaza abantu mu mu kiseera kino bangi bakonkomalidde mu paaka tebalina mmotoka zibatwala kuba ezisinga zigyiddwa mu paaka.

“ Ekiragiro ekyayisiddwa  nga kiggya bbaasi ezemu mu paaka ya Qualicell kitumenya kuba kati paaka nkalu nga temuli mmotoka zitwala basaabaze era eziriwo bali mu kuzirwanira tusaba abaakiyisizza bakikyuseemu” Ssemujju bwe bwategeezezza.

Agambye nti mu paaka ya Qualicell musigaddemu baasi 32 zokka songa luli mubaddemu ezisoba mu 150 nga abasAabaze bali mu kutataganyizibwa

  ekisusse nga kyetagisa okukomyawo baasi ezimu.




Uganda deports 15 Rwandan nationals

 

 

Written by URN

 

Some of the deportees

 

Uganda has deported 15 Rwandan nationals who have been under detention. The Rwandan nationals were deported through the Uganda, Rwanda border of Mirama Hills in Ntungamo district on Wednesday.

According to a security source, the first batch of eight personnel was deported at 11 am while others were deported at 4 pm, and were both received by Rwandan authorities at the Rwandan side of Kagitumba. 

The source however declined to reveal details about when the Rwandan nationals were arrested, where they were arrested from, and the reasons behind their deportation. However, he added that the deportees were all men. The Rwandan government through the Rwanda Broadcasting Agency (RBA) confirmed receiving 15 of its nationals who had been deported from Uganda. It however also did not give details.

Last week, another six nationals were deported from Uganda through the Chanika border in Kisoro district, after pleading guilty to illegal entry before Kisoro grade one magistrate Raphael Vuenni. They had been arrested a day before at Kanaba checkpoint along Kisoro-Kabale road while heading to Kampala, yet none of them had travel documents.

However, after reaching Rwanda, they argued through Rwanda’s online news agency, New Times Rwanda that they had spent 14-days in detention at Kisoro police station. In detention, they said, they were beaten and dispossessed of their valuables, including money.

Rwanda argues that ever since Uganda "decided to back, sponsor and facilitate groups bent on destabilizing Rwanda, most notably Kayumba Nyamwasa's Rwanda National Congress (RNC), and the Democratic Forces for the Liberation of Rwanda-FDLR genocidal forces, life has become very difficult for Rwandan citizens travelling to Uganda or those already a resident there".

The government of Rwanda has previously warned nationals against travelling to Uganda, indicating that their safety cannot be guaranteed in the neighbouring country.  

Rwanda has closed its borders with Uganda since February 2019 and since then, seven Ugandans have been shot dead in Rwanda on accusations of smuggling. Tensions between the two countries continue to worsen with President Yoweri Kaguta and President Paul Kagame both throwing public barbs at each other.

Recently, Kagame during an interview with RBA said that Uganda always wants to blame Rwanda for everything and very soon it might blame it for the COVID-19 pandemic. Likewise, Museveni in a recent interview with France 24 said he pays no attention to countries that try to spy on him and his government because all his secrets are kept in his bed. He also said those asking him about the border closure should ask Kagame because he's the one who closed it.

Nb

Unfortunately these are small time deportees who are trying to look for temporary work in neighboring African countries. The major issues that need talking about and solving are avoided.

Most of the public in Uganda want Rwanda to compensate it for the equipment and personnel that was spent in the Rwanda civil war of 7 April – 15 July 1994.

Actually it is agreed that Uganda started that bad habit of transferring its political problems to neighboring African countries.

One hopes Uganda has paid Tanzania for such a misadventure and the Democratic Republic of the Congo has not yet been paid by Rwanda and Uganda!

 

 

 

 

 

The Land locked country of Uganda has just woken up to the realties of managing a national airline:

By Jonathan Kabugo

24 August, 2019

 

 

Uganda airlines

CRJ900 bombardier jets for Uganda Airlines at the Entebbe International Airport on April 23,2019. The airlines is fully owned by the government, which committed to fund its revival. PHOTO | MORGAN MBABAZI | NMG 

As revived national carrier Uganda Airlines prepares to take to the skies officially on Wednesday, for the first time in nearly 18 years, its most booked route out of its four initial destinations is Mogadishu.

Mogadishu is currently followed by Nairobi, whose bookings are fast coming in and are expected to peak as the flight date draws closer.

The national carrier will start with flights to Nairobi, Dar-es Salaam, Juba and Mogadishu.

The first flight is expected to leave Entebbe at 6.00am and land at Jomo Kenyatta International Airport, Nairobi at 7.15am.

The Mogadishu flight will leave Entebbe at 5.37pm and land at Aden Adde International Airport at 8:00pm.

Uganda Airlines commercial director Jenifer Bamuturaki told The EastAfrican that more clients have booked the Mogadishu flight than any other, although she did not give numbers.

 

Uganda has a relatively large Somali community living in Kampala, many of whom are keen to travel to their homeland.

“The increased bookings are because of a high demand along this route, and also because we are offering direct flights from Entebbe to Mogadishu,” Ms Bamuturaki said.

Uganda Airlines is currently the only airline flying direct from Entebbe to Mogadishu. Kenya Airways and Ethiopian Airways make stopovers at their hubs before connecting.

“With time, we will increase the number of flights from Entebbe to Mogadishu from the current four a week to six a week,” Ms Bamuturaki said.

The revived airline also has plans for two daily flights to Nairobi and Juba, and one daily flight to Dar es Salaam, which will be plied by four Bombardier CRJ 900s aircraft, two of which arrived in the country on April 24.

The other two, which were supposed to arrive early next month, are now expected at the start of October, according to Ms Bamuturaki.

The two aircraft will be deployed immediately to new routes, and also to increase frequency on those already started.

The carrier plans to increase the number of destinations to include Bujumbura (three times weekly), Mombasa (three times weekly), and Kilimanjaro (daily). Other destinations will be Harare, Accra, Lusaka and Johannesburg.

The airline recently released promotional rates that will run for two months: Return tickets cost $278 for Nairobi, $225 for Juba, $590 for Mogadishu, $286 for Dar es Salaam, $292 for Bujumbura, $325 for Mombasa and $311 for Kilimanjaro.

The government has also made a down payment of Ush74 billion ($20 million) on two Airbus A330-800 Neos, which will be used for long haul flights and are expected to be in the country between 2020 and 2021. The airline will then introduce longer flights to Europe, China, and India.

 

 

 

 

 

 

How President Museveni of Uganda provides Ugandan citizenship to Rwanda dissidents:

This process of influence is causing much instability on the African continent:

 
  

By Patrick Musinguzi, of The New Times

 

Uganda’s President Museveni seems to have been rattled by the revelation that he had hosted RNC officials and that he had issued its head of diplomacy, Charlotte Mukankusi – a dissident former Rwandan diplomat – with a new Ugandan passport.

Uganda’s President Museveni seems to have been rattled by the revelation that he had hosted RNC officials and that he had issued its head of diplomacy, Charlotte Mukankusi – a dissident former Rwandan diplomat – with a new Ugandan passport.

In a damage control-induced haste, Museveni wrote a letter to the media that was presumably intended for President Kagame.

The fact that he had to backdate the letter to show that he had written it before issuing the passport is one thing, it is quite another that his haste damage control antics ended up aggravating the original damage, by inducing him to reveal even more than he would have wanted.

A letter that reads so much like a confession shows that he is so deeply invested into the RNC project, he would rather risk sounding absurd than consider cutting that damaging relationship.

Consider the claim that Eugene-Richard Gasana and Charlotte Mukankusi walked in on him “accidentally.”

It is difficult to imagine a situation where anyone – let alone representatives of an armed dissident group from another country – can simply walk in on a head of state of a neighbouring country unannounced, without prior appointment.

Perhaps even Museveni’s own children don’t enjoy this level of privileged access.

Museveni’s ‘surprise’ visitors had “important information” for him. It was about the “bad things that were happening in Rwanda.”

Much as he acknowledges that the RNC officials “wanted us to support them” in their plans “to resist Your Excellency,” he doesn’t question how come it is from him the dissidents believe they can find comfort and why it is to him they feel they can come without any risk with plans to destabilise their country?

He writes that he said “no” to the request from his ‘accidental’ visitors for support to destabilise Rwanda.

However, since Museveni’s exchange with them suggests that he also buys into their view that “bad things are happening in Rwanda,” it is unlikely that his response was as negative as he would like us to believe.

On the contrary, according to fully reliable sources, Museveni’s response was in fact, “We are together.”

Specifically, Museveni is on record promising the RNC more support once they have merged with the FDLR – the remnants of the forces that committed the 1994 Genocide and unrepentantly consider it an unfinished project – and begin to destroy Rwanda’s infrastructure (for army, security, and government).

In his letter to the press (which he nominally addresses to Rwandan President Paul Kagame), Museveni claims not to have known who Eugene Gasana – Rwanda’s former ambassador to the United Nations and another active RNC member – was.

Equally amazing is that Museveni had claimed not to know Tribert Rujugiro and David Himbara, respectively the RNC chief financier and his publicist.

However, on more than one occasion, he has come to admit to knowing people he had previously denied knowing until evidence is presented to him that his denials are patently untrue.

For President Museveni, everything is apparently an accident. Even the fact that Rujugiro is financing the RNC from the proceeds of his business interests in Uganda might be accidental.

This is why it is not clear to him whether Rujugiro has accepted to close down operations in Uganda or he is still “resisting,” whatever that means.

Remarkably, Museveni seems to support Rujugiro in this famous resistance, “even if he sells the factories in Uganda, he still has more lucrative factories in Angola, DR Congo, etc., a total of eight of them. He can send money from those,” he labours on, explaining Rujugiro’s different sources of income when his concern as a head of state ought to be to ensure someone who uses such income to destabilise a neighbouring country should be stopped.

Museveni basically tells Rwanda to go hang. Since he has asked Rujugiro about his financing terrorism and his ‘accidental’ friend has denied it, then Rwanda should “use the courts of Uganda to prove the case of terrorism and then his assets can be frozen.”

Did Museveni expect Rujugiro to admit that money from his business interests was financing terrorism? Surely not. This is diversionary rhetoric on his part that only serves to justify the presence in Uganda of people bent on destabilising Rwanda – and that he is prepared to defend them.

If Museveni believes in his courts, then why has he failed to present to the court the hundreds of “Rwanda agents” languishing in CMI cells for months (some even years), whom he claims are sent there “to try to operate behind the Government of Uganda?”

Incidentally, Museveni concedes that he has no evidence against these hapless victims of his pro-RNC and FDLR agenda: “I get a lot of stories, but I will never raise them unless I have confirmed them.”

On the one hand, Museveni is acting like he is the courts. On the other, he directs Rwanda to go to the courts.

At any rate, if he has not “confirmed” that the Rwandans he holds extra-judicially are “agents,” shouldn’t he be setting them free? Indeed, if he can act without confirmation, why is he hesitating to do so when it comes to Rujugiro?

Museveni’s letter is important because at least he admits that RNC officials do in fact visit him, even if, he insists, they don’t stay long. “All these people left Uganda after only a few days,” his self-immolation continues.

“As I told you when we met, there is no question of Uganda supporting anti-Rwanda elements,” Museveni writes as if to confirm the obvious.

Finally, Museveni turns to the key Rwandan charge against him, denying – as is his wont to do – of ever having heard of it: “I have not heard Rwanda saying that Uganda ‘supports’ these elements. What I heard and what you told me when we met was that some of these elements were ‘operating’ from or ‘in’ Uganda to recruit, etc. it is this aspect that the joint teams should work on.”

This is rich. In other words, even as he admits that the RNC is “operating” in Uganda, he says this is happening without his support. Is he now asking us to believe he has no control over what happens in Uganda?

And yet, not a day passes without him reminding everyone that no one can destabilise Uganda because he is in control.

Going by the trend, one may confidently predict Museveni’s next letter will ask Rwanda to prove why he supports the RNC – not whether he does.

 

 

 

 

 

Gen Kale Kayihura, who was the Inspector General of the national police in Uganda, is facing East African kidnapp charges in a military court: 

 

Charged. Former Inspector General of Police, Gen Kale Kayihura, salutes the chairman of the General Court Martial in Makindye during his trial yesterday. PHOTOS BY ABUBAKER LUBOWA

By Monitor Reporter

Former Inspector General of Police (IGP), Gen Kale Kayihura, was on Friday charged with one count of “aiding and abetting kidnap from Uganda” of three Rwandan nationals and two counts of “failing to protect war materials”.

The charge of aiding and abetting the kidnap of Rwandan nationals from Uganda and handing them over to Rwanda has more significance than just what will transpire inside the General Court Martial (GCM) when or if the case goes through full trial.

The men who were kidnapped from Uganda and handed over to Rwanda, especially Lt Joel Mutabazi, who was a bodyguard of Rwanda president Paul Kagame for decades, are significant.

The others over whose kidnap and handover to Rwanda Gen Kayihura was charged with on Friday, are Mr Jackson Karemera alias Ndiga and Sgt Innocent Kalisa.

Uganda-Rwanda relations

The events leading to the kidnap and its aftermath pointed to a dip in Uganda-Rwanda relations, which have been lukewarm since the armies of the two countries clashed in DR Congo. Suspicions then ensued, with the two governments suspecting each other of harbouring intentions of overthrowing the other. There is no evidence to show these suspicions have been buried.

At the height of the fallout, political dissidents would escape from one of the two countries to another, and vice versa.

Regarding the charges that were read for Gen Kayihura on Friday, it is alleged that between 2012 and 2016, by omission and commission, the then IGP aided and abetted the actions of subordinate police officers and others on various occasions, without hindrance, to kidnap and illegally repatriated Rwandan exiles and refugees.

Gen Kayihura is the most senior government official to be charged for the 2013 kidnapping of Rwandan refugees and Asylum seekers. The army court has in recent months charged and remanded a number of people, some senior police officers, over the kidnap of the trio. The others currently facing charges before the military court are Mr Nixon Agasirwe, formerly said to be a close ally of Gen Kayihura, who got assigned a number of important duties, and Mr Joel Aguma, formerly the commandant of the police’s Professional Standard Unit (PSU).

The others charged in this regard are Benon Atwebembeire, Abel Tumukunde, James Magada, Faisal Katende and Amon Kwarisima. On the charge sheet is also a Rwandan, Rwene Rutagungira, and Pacifique Bahati Mugenga aka Ilunga Monga, a Congolese.

Apart from the kidnappings and repatriation to Rwanda of the trio, a number of Rwandan refugees in Uganda reported threats to their lives in Uganda and many had to be resettled in other countries, especially after the shooting to death in December 2011 in Kampala of Charles Ingabire, a journalist who was running an online publication in Kinyarwanda, which was critical of the Kagame regime. Many of the Rwandans who were relocated claimed that the security forces in Uganda, particularly Uganda Police Force, which was then under Gen Kayihura, did not offer them sufficient protection.

LT. JOEL MUTABAZI

The soldier. Lt Joel Mutabazi served as Mr Kagame’s bodyguard. He is currently serving a life sentence in Rwanda after he was convicted of being an accomplice in grenade attacks that killed two people in Kigali and plotting to assassinate the president.

 

Mutabazi, together with Joseph Nshimiyimana, were also found guilty of plotting to kill president Kagame in collaboration with the Rwanda National Congress, an opposition group based in South Africa. The group allegedly offered the men $50,000 (about Shs190m) to support the plot. The trial was conducted by a military court.

Mutabazi was one of 16 people on trial, including three of his relatives, who were jailed for between four and eight months. Though Mutabazi appealed the sentence saying he had been kidnapped, little has been heard of him since.

The kidnap. Mutabazi was first kidnapped on the evening of August 20, 2013 from UNIK Hotel in Kyaliwajjala, near Kampala. The kidnappers used a fake Interpol arrest warrant, alleging that Mutabazi, together with two other individuals, were involved in an armed robbery at Banque De Kigali in September 2011.

During the kidnap ordeal, an unidentified group of armed men stormed his hotel room and whisked him away in a white Ipsum car Reg. No. UAK 551B. He was detained at Jinja Road Police Station from where it was discovered that he was under the protection of the Ugandan Government and United Nations High Commission for Refugees (UNHCR).

The illegal extradition to Rwanda was aborted at Entebbe airport after State Minister for Disaster Preparedness Musa Ecweru presented formal documents of his asylum.

UNHCR protested the arrest of Mutabazi to the Ugandan Government. Mr Daniel MacIsaac, the UNHCR senior communications officer then, issued a statement saying the “impunity displayed by people who are clearly non-Ugandan but operating inside Uganda is an affront to the asylum regime in Uganda.”

Mutabazi’s luck ran out when he was kidnapped again in October 2013 in Mpigi District after a pursuit by the Uganda police. The next time he was heard of, he was in the hands of the Rwandan police a few days later.

Coming to Uganda. Mutabazi had escaped from Rwanda in 2011, where he had been detained by the country’s intelligence services for 17 months and sought asylum in Uganda.

On arrival in Uganda, attempts were made on his life. On July 12, 2012, Lt Mutabazi escaped unhurt after someone shot into his house in Kasangati. After the narrow escape, Mutabazi took refuge at Kasangati police station from where he was rescued by UNHCR.

After the Kasangati attack, Mutabazi applied to UNHCR to be transferred to another country but the request had not materialised by the time he was kidnapped.

PTE INNOCENT KALIISA

Joining the army. Private Innocent Kaliisa, No. AP987709, joined the Rwanda Patriotic Army in 2001. He underwent basic military training and was posted in the Rwanda Presidential Protection Unit.

Coming to Uganda. According to those known to him, Kaliisa came to Uganda on a mission to kidnap and take Joel Mutabazi back to Rwanda from where he had escaped. However, when he arrived in Kampala, Kaliisa allegedly went against his boss’ instructions.

Both Kaliisa and Mutabazi had undergone specialised commando training in preparation for their job to guard the Rwandan president. Kaliisa instead allegedly turned himself in and told the police in Uganda all that had happened.

The kidnap. Kaliisa was kidnapped in Kampala on August 12, 2013 and whisked to an unknown location.

Before his kidnap, Kaliisa, who served under the Rwandan Presidential Protection Unit of the Republican Guard Division before fleeing to Uganda in 2010, expressed fears about his safety in an interview with the New York Times.

Kaliisa claimed that he was living under constant fear after being tortured in Rwanda over his alleged connection to opposition elements.

The then UNHCR Country Representative, Mohammed Abdi Adar, requested government to conduct an investigation on the whereabouts of Kaliisa. Kaliisa was a close friend of Charles Ingabire, a former editor of Inyenyeri, an online publication who was shot dead in Kampala in December 2011.

 

 

 

 

 

The Development Finance Company of Uganda (Dfcu) is as well having it hard these days:

 
A bank branch building on the African city street. 
 
 
Dfcu crisis: Why bank’s second biggest investor wants out?
 
The imposing building of the headquarters of this African bank in Kampala, Uganda.
 
 
 
 
8 July, 2018
 
By Spy Reporter
 
 

When Dfcu Bank shot to Number Three bank in Uganda, there was a party mood among some of its investors, but the celebration is being cut shot with a major investor pulling out of the union.

 

 

Dfcu controversially acquired Crane Bank, which made its profit margin jump through the roof, but, the aftermath has left a rotten egg on the face of the commercial bank as well as Bank of Uganda, which might affect its international investors’ reputation in the near future.

After the ugly truths about the deal emerged, many shareholders were not happy that DFCU did not follow corporate governance laws to the letter. For example, it emerged that Bank of Uganda and DFCU signed a secrecy agreement never to disclosure the contents of the deal which involved the sale of Crane bank at a pantry Sh200 billion.

Whereas Crane bank shareholders were left of the negotiations and never got a penny after the sale, it has also emerged that Dfcu’s top management did not fully disclose to its shareholders the details of the business.

 

The financial sector the world over has become overly monitored with cases of lack of transparency and proper accountability, severely punished.  Case in point are accounting and audit giants KPMG and PwC who are to pay heavy fines for failure to carry out due diligence in the course of advising their clients before sale of stakes, which is linked to fraud.

Just this week, PriceWaterhouseCoopers (PWC) has been slapped with a record breaking fine $625 million (appro.sh2,437,500,000,000)for their negligence which led to one of the largest banks, Alabama’s Colonial Bank to collapse in the US state of Alabama. Analysts say, this is one of largest-ever awards for accounting malpractice.

CDC is a bad omen on DFCU

Now, the tsunami has risen out of the seemingly calm sea.

Many questions are rising why a major and oldest investor, CDC which set up shop in 1964 in the country and has been with the bank since 2000 is opting out, when the prospects of making more money with DFCU are high.

CDC owns up to 9.97% of Dfcu with US$15.1 million in equity and US$10m as subordinated loan.

Chimpreports website reported that on June 14 2018, CDC wrote to Dfcu’s top management, announcing plans to sale its stake, and possibly end the relationship.

The communication stated that CDC was “undertaking a review of its investment in DFCU Limited which may lead to the disposal or sale of some or all of its shares in DFCU over the short to medium term.”

Irina Grigorenko, Investment Director in charge of Financial Institutions at CDC added that, “it is our aspiration to exit in a manner that causes minimum disruption to the business and ensures the orderly trading of DFCU’s shares.” And promised that they were in the process of hunting for “like-minded investors who could support DFCU in its new phase of growth.”

The owners of Dfcu include Arise BV (majority shareholder with 58.71% ownership), CDC Group of the United Kingdom (9.97%), National Social Security Fund (Uganda)-7.69%, Kimberlite Frontier Africa Naster Fund (6.15%), SSB-Conrad N. Hilton Foundation (0.98%), Vanderbilt University (0.87%) and Blakeney Management (0.63%). As well as Bank of Uganda Staff Retirement Benefits Scheme (0.59%), Retail investors (11.19%) and two undisclosed Institutional Investors (3.22%).

With almost 10%, some industry observers say Dfcu might not significantly feel the shock since its majority shareholder Arise B.V would absorb the transition.

However, the implication on the investor confidence of the bank is significant, as well as the wealth of expertise that will walk away with CDC.

Insiders say CDC association gave DFCU access to long-term funding to support SMEs, who are the biggest savers and creditors of Dfcu.

Why Britain’s CDC is walking out?

Meera Investments court case

The aftermath of the DFCU’s controversial acquisition of Crane bank saw several court battles coming over the horizons, as former Crane Bank shareholders challenged both Bank of Uganda and Dfcu on a number of illegalities.

Outstanding among others, is former Crane Bank shareholders court suit over property worth millions of dollars, which Dfcu top managers never due diligence to study before taking up the offer of buildings formerly occupied by Crane Bank but owned by another company under the Ruparelia Group.

The property suit which would end in dfcu paying out a lot of money in settlements or when the lose the court battle, says a lot of about the move by the British institution to walk out.

Meera Investments Ltd, one of the business entities owned by city businessman Sudhir Ruparelia, in February 2018 sued dfcu Bank, seeking to reclaim leasehold titles and developments for 48 banking halls taken over by the latter when Crane Bank was liquidated.

In a suit filed before the High Court Land Division, Meera Investments Ltd contends that it is the rightful owner of the land titles and that their transfer to dfcu Bank should have been effected after its consent.

Surprisingly, dfcu Bank wrote in its defence in court that no prior written consent was needed from Meera Investments Ltd in order to effect the transfer of the said certificates of title to them by Bank of Uganda (BoU).

Proving that they never did due diligence, and largely it was because Crane Bank shareholders were locked out of negotiations, DFCU lawyers Sebalu & Lule Advocates said upon BoU taking over Crane Bank and the eventual transfer of its assets and liabilities to them, Crane Bank’s branch network comprising 48 leasehold land titles was accordingly transferred to them.

Meera Investments Ltd however says between 2012 and 2016, it executed several lease agreements with then Crane Bank (now liquidated) and leased several properties to it.

Meera adds that the then Crane Bank agreed to pay $6,000 (about Shs21m) as ground rent for each of the properties at the beginning of every year. On October 25, 2016, BoU took over Crane Bank and suspended all members of its board, saying the then biggest indigenous bank was incurably drained financially and posed a systemic risk to the country’s banking sector. The central bank later sold Crane Bank to dfcu Bank in January 2017 at a pantry 200 billion.

Suspicious Crane bank acquisition

The international community has put in place stringent corporate governance laws, and also made fraud a seriously punished activity.

The move has not only affected banks and business people but also accounting and audit firm, including giants KPMG and PwC. Just this week, PriceWaterhouseCoopers (PWC) has been slapped with a record breaking fine $625 million (appro.sh2,437,500,000,000)for their negligence which led to one of the largest banks, Alabama’s Colonial Bank to collapse in the US state of Alabama. Analysts say, this is one of largest-ever awards for accounting malpractice.

CDC management could have evaluated the risk involved in the mistakes made by the Central bank of Uganda and DFCU management in the acquisition of Crane bank and preferred an early exit to safeguard their reputation and funds.

Meanwhile, CDC have since asked the management of DFCU to do due diligence and update them with information relating to business operations and risk.

Chimpreports website, says, DFCU had since agreed with CDC to subject all the discussions and disclosures to the highest level of confidentiality and that agreements with the potential investors “take place within the regulatory framework set by the Uganda Securities Exchange and Capital Markets Authority.”

This explains the concerns the DFCU investors have in the light of the ongoing battle with the Crane Bank investors as well as Meera Investments.

RWANDA UGANDA AND EAST AFRICA

Up to this time 24 years ago, Rwanda and Uganda are jointly pursuing genocide perpetrators without any hope of coming forward to make any political reconciliation:

 

Rwanda Uganda jointly pursuing genocide perpetrators envoy

Envoy. Rwanda Ambassador, Maj Gen Frank Mugambagye. FILE PHOTO

By Misairi Thembo Kahungu

The governments of Uganda and Rwanda have an understanding to pursue the perpetrators of the 1994 genocide that left about one million Rwandans dead, Rwanda’s High Commissioner to Uganda has said.

Maj Gen Frank Mugambagye said this while addressing journalists at his office in Kampala on Friday ahead of this month’s 24th commemoration of the genocide.

April 7 is the day the genocide started and by the time it ended, millions of Rwandans had fled into neighbouring countries.

The genocide against Tutsi was conducted by Hutu radicals.

Gen Mugambage said many of the genocide perpetrators are scattered all over the world and that they must be arrested and tried.

He said Rwanda has been providing the Ugandan government information and case files of the suspects to help in arresting and extraditing such suspects to face trials for crimes against humanity.

“Rwanda’s justice system is continuing to investigate and information about genocide actors, on who we have sufficient evidence, is given to the governments in countries where they are. We have a number of cases files provided to the Uganda government,” he said.

He added that where necessary, such suspects when arrested are extradited on request by the Kigali established or are put on trial wherever they are because they committed crimes against humanity which can be tried anywhere in the world.

The Executive Director of the Uganda Media Centre, Mr Ofwono Opondo, said it is not a secret that Uganda is cooperating with Rwanda in handling genocide perpetrators so long as legal processes are followed in cases of extradition.

Mr Opondo said Uganda’s support to Rwanda started in 1994 through efforts of ending the genocide, helping the Rwanda Patriotic Front that ushered in president Paul Kagame’s leadership and also playing host to Rwanda refugees.

“There is no contradiction in what Gen Mugambagye said because we are handling perpetrators of the genocide so long as there is a legal process being followed.

Our only problem is about people being waylaid in Uganda and taken back to Rwanda without our knowledge,” Mr Opondo said.

Mr Opondo said, however, that for the case of suspects that have been granted asylum through the United Nations High Commission for Refugees arrangement, no arrests and extraditions are permissible under the United Nations legal system since Uganda has no authority over them.

He added that such arrests and extraditions can only be done when there is “sufficient evidence and through indictment”.

Uganda and Rwanda have recently gone on a collision path and one of the areas of contention is alleged illegal extradition of Rwandan nationals from Uganda.

Top police officers accused of participating in the illegal extraditions are currently undergoing trial in the army court. The individuals extradited to Rwanda, however, were not connected to the 1994 genocide but had fallen out with Kigali.

 

 

 

 

 
 

Rwanda tries not to forget the African tyranny that caused a very bloody military coup in that country 24 years ago:

By Wilson Manishimwe

 

Added 7th April 2018

 

He said some foreign powers have supported the perpetrators of the genocide that claimed about one million lives of people, majority of them being Tutsi.

 

Paulkagame 703x422

The long serving President of Rwanda Mr Paul Kagame

 

"Rwanda has changed for good and forever, and will not be the same, President Paul Kagame," has said.

He said this at Kigali Genocide Memorial was during the launch of the 24thcommemoration of people who died in genocide in 1994.

 

“This country has changed; it will never be the same. It has changed for good and forever,”he said.

 

He insisted some foreign powers have supported the perpetuators of the genocide that claimed about one million lives of people, majority of them being Tutsi. He said those countries have extended their influence to some nationals in Rwanda with intentions of seeing what happened in 1994 happen again.

 

“The lives that Rwandans lost because of some people, whether Rwandans or foreigners; we know how to advocate for those lives,” he stated amidst little Saturday afternoon drizzling.

 

 President Kagame, who also has refused to leave state power, lits a flame symbolizing the hope of a better political future for this country.

 

Kagame who was flanked by Rwanda’s First Lady among other government officials said: “This is the 24th time we commemorate; it’s like the first time. Commemorating is to start afresh as we remember our nature, families, lives and the country; when we commemorate, we go back in these times,” he reminded.

 

 

AND IN A WAR SITUATION THE SIDE THAT KILLS MOST USUALLY WINS THE WAR
AFRICAN LEADERS WHO OVERSTAY THEIR WELCOME TO RULE THE CONTINENT
THIS IS A LAND LOCKED COUNTRY THAT NEEDS A NATIONAL AIRLINE AND A NATIONAL TRAIN TRANSPORT NETWORK