The powerful people behind Bemanya Kampala, Uganda | HAGGAI MATSIKO | Uganda Telecom Ltd (UTL) looks like a typical company in shambles. In April 2017 it run to court to block a petition seeking to wound it up partly owing to Shs709 billion debts it had accumulated over the years. …
Read More »BoU’s printing money saga
Behind Nakalema, Akullo investigation Kampala, Uganda | HAGGAI MATSIKO | At 10am on June 12 Col. Edith Nakalema, Assistant Inspector General of Police (AIGP) Grace Akullo and their team arrived at Bank of Uganda (BoU). Nakalema who is the head of the Anti-corruption Unit-State House and Akullo who is the …
Read More »BoU multi-billion currency saga
What went wrong? Kampala, Uganda | HAGGAI MATSIKO | “This is a serious issue,” muttered Bank of Uganda Governor Tumusiime Mutebile when he heard about at it. A plane chartered to transport new currency notes to Uganda from France had on April 27 landed at Entebbe Airport with cargo not …
Read More »Museveni locks out oil investors
It’s Total disaster Kampala, Uganda | HAGGAI MATSIKO | Uganda’s oil sector has been thrown into another toss up after President Yoweri Museveni cancelled a highly anticipated meeting on June 05 between him and oil production company executives; The Independent can exclusively report. The meeting was to be a …
Read More »Museveni won’t print 2021 elections money
‘No’ to printing elections money, but is raiding the budget any better? Kampala, Uganda | HAGGAI MATSIKO | Hidden in plain sight. That is what President Yoweri Museveni’s campaign money for the 2021 election looks set to be, according to experts. They say the money is this time in the …
Read More »Museveni’s money fights with MTN
Details on deportations, licence talks Kampala, Uganda | HAGGAI MATSIKO | Money, policy and misinformation are at the centre of the long-running tension between Uganda’s leading telecom operator, MTN, and the government. That much was confirmed at a meeting last week between President Yoweri Museveni and MTN Group CEO Rob …
Read More »Uganda needs to create 600,000 jobs for economic growth to be felt
The International Monetary Fund (IMF) on May 9 released a report on Uganda. The Resident Representative for Uganda, Clara Mira, talked to The Independent’s Haggai Matsiko about its important points. What is the IMF’s assessment of the performance of the Uganda economy? Around 2011, Uganda started a period during which …
Read More »Bobi Wine and Besigye
Bobi Wine and Besigye: Who gains, loses in partnership? Kampala, Uganda | HAGGAI MATSIKO | Did the May 6 agreement between Bobi Wine and Kizza Besigye to “partner” against President Yoweri Museveni weaken the People Power leader? Did it strengthen a sinking Besigye? Besigye, representing the People’s Government, and Robert …
Read More »Museveni’s order to police is risky
With Ochola, Sabiiti in charge, it also means more trouble Kampala, Uganda | HAGGAI MATSIKO | On May 04 President Yoweri Museveni released a public statement detailing his views on the recent spate of violent run-ins between police and leaders of some opposition groups. “If you want to hold a …
Read More »Lessons to Bobi Wine from Besigye
It’s defiance or death Kampala, Uganda | HAGGAI MATSIKO | An eventful five days from Easter Monday April 22 to Friday April appears to have made something snap in Kyadondo East MP, Kyagulanyi Sentamu aka Bobi Wine’s head. It appears that the police’s restriction of his political and musical activities …
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