This was contained in his condolence message to the bereaved family and the entire business community.

In a statement, Mutebile who’s also the Chairman Board of Trustees Makerere University private Sector Forum says Professor James Mulwana was one of the Trustees and founder members of the Forum since 2006.

Emmanuel Tumusiime Mutebile

Mutebile says that as a result of his good leadership in business and Private Sector development in the country, Mulwana earned an Honorary Professorial award of Makerere University in December 2006.

Mutebile says the country has lost a great man, a visionary industrialist whose institutional memory should be tracked and documented even when has passed on.

Meanwhile, the shadow minister of finance Geoffrey Ekanya says he will move a motion before parliament in recognition of Late James Mulwana’s contributions to the country.

He described him as someone who lived a decent life, respectful, honest, principled and approachable.

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A number of commercial banks have been cutting lending rates following continued appeals by the governor over high lending rates despite cuts in central bank rates.

Announcing the monthly central bank rate Mutebile said that he has noticed some reductions in lending rates by commercial banks.

The central bank rate has now been set at 13% from 15% last month.

Meanwhile the governor says he does not expect any further reduction in inflation rates because it might have negative economic implications for Uganda.

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Although Bank of Uganda Governor Tumusiime Mutebile, President Museveni and the government in general have always been quick to close banks owned by the private seen as anti government including the Greenland bank, owned by late Sulaiman Kiggundu, they have refused to close the National Bank of Commerce formerly Kigezi Bank of Commerce owned by Nzei, Prime Minister Amama Mbabazi & Minister Ruhakana Rugunda.

Politicians from several political shades have challenged President Museveni/Mutebile and or the NRM government to close the National Bank of Commerce the way they closed Cooperative Bank, Greenland Bank and ICB bank among others because its main directors are issued over reported corruption.

The FDC youth coordinator, Sheikh Ibrahim Kasozi wonders how Nzei, Amama … are the same people involved in NSSF, oil, CHOGM, Temangalo land saga etc.

Nzei, Amama and Rukahana are being sued for conning Arab investors of billions of shillings. Other politicians our informer interviewed described Mbabazi, Nzei and Rukahana as shameless crooks. They wondered how the said officials conned the poor peasants from their own Kigizi land. Some warned the people still banking in Mbabazi’s bank stand to stand on guard.

The post Ugandans want Museveni to close National Bank of Commerce first appeared on Uganda Multimedia News & Information.

This was during the PAC report debate on the financial scandal involving NRM’s entrepreneur, Hassan Basajjabalaba who was given the compensation of over 142 billion shillings as compensation for losing tenders in the city markets.

The parliament was discussing whether the bank of Uganda Governor Tumusiime Mutebile should be fired because of his reported role in awarding the above sum of money to Basajjabalaba.

The corridors of power were saying that the president had instructed the ruling party MPs not to support any move that would lead to the firing of the Central Bank Governor.

Gen. Tumwine said that Mutebile has to go in the same way the former ministers, Khiddu Makubuya and Syda Bbumba went. He reportedly added that the time for Uganda to get ride of the corrupt public officials in now.

Gen. Elly Tumwine is remembered to have fired the first bullet in 1981 NRA war and he lost his eye during the bush war which brought President Museveni and his government to power 26 years ago.

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The statehouse officials who have faced the axe include the head of the legal department, Joy Kabatsi and private secretaries to the president, Geoffrey Atwine, Juliet Kaliisa and Edward Muhoozi.

The said sacked state house officials were last month at the centre of the controversial 142 billion shillings compensation deal toKampalabusinessman, Hassan Basajjabalaba.

The police have also since last week been investigating Kabatsi and her colleagues to establish their role in the inflated Basajjabalaba claims. Recently two cabinet ministers, Syda Bbumba and Khiddu Makubuya resigned from cabinet over their role in the Basajjabalaba compensation deal. The governor Bank of Uganda, Tumusiime Mutebile is also being investigated over his role in the botched Basajjabalaba deal.

The post President Museveni sacks Muhoozi first appeared on Uganda Multimedia News & Information.

During last Thursday’s meeting NRM MPs were divided over exonerating Tumusiime Mutebile for his role in the 142 billion shillings compensation to city businessman Hassan Bassajjabalaba.

The NRM MPs argued that they would not accept to be swayed by the president and would stick to the parliament’s recommendation that Mutebile be personally held liable for his commissions and omissions in the Basajjabalaba saga.

Museveni on Thursday pleaded with MPs to spare Mutebile reasoning that while Mutebile erred in not consulting, he technically committed no offence under Ugandan laws.

Museveni says that whereas Mutebile never consulted him before making the commitments, the MPs need to save him for the sake of the economy. Museveni says that Mutebile has for a long time been without blemish so the MPs should spare him.

The post Museveni again meets MPs over Mutebile’s fate first appeared on Uganda Multimedia News & Information.

The meeting followed yesterday’s National Resistance Movement (NRM) caucus meeting in Kampala which failed to agree over the future of Mutebile in bank ofUganda. The MPs were invited for the meeting by the NRM secretariat on Kyadondo road. The meeting took place at State House Entebbe in the morning.

The NRM MP caucus which sat in Kampala failed to agree on whether to support Museveni’s position to exonerate Mutebile in the Hassan Bassajjabala compensation saga.

We are told that Museveni requested the MPs to reverse the PAC committee’s recommendation that Mutebile be personally held liable for his commissions and omissions in Basajjabalaba’s compensation saga.

More details to follow shortly

The post Museveni meets MPs over Mutebile saga first appeared on Uganda Multimedia News & Information.

Former Vice President Gilbert Bukenya

He is a known party animal but never will he be seen with his official wife, Margret Bukenya. When he is attending parties and music album launches in Kampala, his Margret stays at home keeping the home. Bukenya is always seen dancing with female musicians like Sheila Nvanungi and Iryn Namubiru.

Isaac Musumba

Isaac Musumba is hubby to FDC’s strong vice president, Salaam Musumba. Despite being married, these two birds are in two planets apart. During national elections, the two support candidates of different political parties. For instance, during the recently concluded elections, Isaac Musumba supported NRM candidates while Salaam supported opposition candidates. The pals of these Musumbas tell us that the last time this couple was seen together was the day the walked down the aisle.

Tumusiime Mutebile

He is the governor Bank of Uganda. We all know that he is married but few people in this banana republic know his wife. Mutebile never attends functions with this woman.

 Continued  

By Walakira Nyanzi

The post Lonely husbands in Kampala named first appeared on Uganda Multimedia News & Information.

The governor bank ofUganda, Tumusiime Mutebile has informed the members of the public that all regulated financial institutions which include commercial banks, credit institutions and microfinance deposit taking institutions inUgandaare safe and strong and have the backing of the central bank ofUganda.

Speaking to journalists at the Bank of Uganda headquarters inKampalatoday, Tumusiime said that if any person wishes to either deposit or withdraw their money, they will be served as usual.

He says that in case the client’s branch is located in some shopping arcade that is closed one will be served by any other branch of the bank in question.

Tumutebile reminded bank customers that banks play a very important role of keeping money safe. Therefore Tumutebile asked bank customers to disregard any advice to customers to withdraw money and keep it at home.

Ultimate Media

The post Bank of Uganda announces open banks first appeared on Uganda Multimedia News & Information.

 Former Vice President Gilbert Bukenya

He is a known party animal but never will he be seen with his official wife, Margret Bukenya. When he is attending parties and music album launches in Kampala, his Margret stays at home keeping the home. Bukenya is always seen dancing with female musicians like Sheila Nvanungi and Iryn Namubiru.

Minister Isaac Musumba

Isaac Musumba is hubby to FDC’s strong vice president, Salaam Musumba. Despite being married, these two birds are in two planets apart. During national elections, the two support candidates of different political parties. For instance, during the recently concluded elections, Isaac Musumba supported NRM candidates while Salaam supported opposition candidates. The pals of these Musumbas tell us that the last time this couple was seen together was the day the walked down the aisle.

Governor Bank of Uganda Tumusiime Mutebile

He is the governor Bank of Uganda. We all know that he is married but few people in this banana republic know his wife. Mutebile never attends functions with this woman.

The list is still long and we shall release more names later.

By Walakira Nyanzi

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