MUSEVENI 7-YEAR-TERM: Details of how his team plans to get it Kampala, Uganda | HAGGAI MATSIKO | Just days after the Constitutional Court sitting in Mbale completed hearing of a case challenging amendments passed last year to remove the 75-year constitutional age limit to allow President Yoweri Museveni to contest again …
Read More »Why BoU sells banks cheaply
Auditor General spills secrets of Coop Bank, Greenland Bank Kampala, Uganda | HAGGAI MATSIKO | On March.23, Auditor General (AG) John Muwanga wrote a confidential note to the Governor of the Central Bank, Emmanuel TumusiimeMutebile. The note a copy of which The Independent has seen is titled Draft report of the …
Read More »Mutebile survives coup at central bank
Fly on the wall at lunch between Mutebile and Kasekende Heated top executive meeting Kampala, Uganda | HAGGAI MATSIKO | It is 1:30 PM April 04. Governor Emanuel Tumusiime Mutebile, wearing a charcoal grey suit, white shirt and blue-checkered tie, is having lunch together with other bank executives in the Governors’ …
Read More »Mutebile Vs Kasekende
Details of Museveni meeting Blow-by-blow account of fight wrecking central Bank Kampala, Uganda | HAGGAI MATSIKO | Emmanuel Tumusiime Mutebile, 69, the Governor and his Deputy, Louis Kasekende, 59, have until recently been seen as major pillars of Bank of Uganda (BoU). One has been credited for building the foundations …
Read More »Dirty secrets of Sh200 billion Crane Bank sale
Documents leak in Bagyenda, Mutebile fight Kampala, Uganda |HAGGAI MATSIKO | An unprecedented revolt which happened recently at Bank of Uganda against the Governor Tumusiime Mutebile, has led to a spilling of the central bank’s darkest secrets and could potentially damage its reputation and hurt the economy. At its centre …
Read More »Tumukunde sacking
TUMUKUNDE SACKING: How Museveni played `inner circle’ politics Kampala, Uganda | HAGGAI MATSIKO | By the time he fired the former Minister for Security; Lt. Gen. Henry Tumukunde, President Yoweri Museveni had been resisting pressure from within his inner circle to act. Tumukunde’s sacking was not an easy decision because he …
Read More »How Museveni plotted to bring police under Military’s thumb
Museveni appoints Gen.Tumwine, Magyenyi to bring ‘infiltrated’ police under Military’s thumb Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni on Sunday March 04 moved to clean up the shabby image of the country’s security agencies when he fired Police Chief Gen. Kale Kayihura and Security Minister Lt.Gen. Henry Tumukunde. Although …
Read More »Bad economy pushes Kasaija, Muhakanizi in tight corner
Finance under attack over Shs.750 bn fresh borrowing, faces tough IMF Kampala, Uganda | HAGGAI MATSIKO | Matia Kasaija and his team at the Finance Ministry find themselves in a very tight corner as they look for Shs29.2 trillion to finance a new budget. Previously, finding cash did not present …
Read More »Fight over Shs44 trillion mobile money
Telecoms protest State House move to monitor business Kampala, Uganda | HAGGAI MATSIKO | A fight is raging between telecom operators on one side, and the Uganda Communications Commissions (UCC), the Uganda Police Force, and State House on the other, over moves to monitor the Shs44 trillion mobile money business. At …
Read More »The Shs700bn loan saga and calls to censure Kasaija
The politics behind calls to censure Kasaija, fire Muhakanizi Kampala, Uganda | HAGGAI MATSIKO | Recently, according to State House sources, President Yoweri Museveni was on phone with Secretary to the Treasury, Keith Muhakanizi. He sounded to be in no mood for pleasantries. “I am tired of this,” the president …
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