All Africa Pension Summit 2025

 DAY 1

MEDIA LAUNCH

FRONT BENCH : Can ICT Turn Uganda's Connectivity into Real Jobs & Growth

 

The Permanent Secretary, Dr. Aminah Zawedde, PhD, CISA® of Ministry of ICT & National Guidance, and Dr. FredrickE. Kitoogo PhD, PMP CGEIT, ITIL, ISO 2000 0, Principal of Uganda Institute of Information and Communications Technology, discuss how the ICT sector is driving Uganda's digital transformation, job creation, and wealth generation.
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‎The Government has prioritized the adoption of locally developed solutions.
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‎I urge all innovators to focus on the quality of your products, because it's through quality that we build trust and confidence in homegrown innovations Aminah Zawedde, PhD, CISA®
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‎At the National ICT Innovation Hub, we currently support over 94 innovators. The Government remains deeply committed to empowering young people, as they best understand the challenges facing our country and are key to driving lasting solutions.

‎Our principle is to provide future-ready, marketable, and inclusive skills in emerging technologies to drive digital transformation, supported by our comprehensive skilling framework - Dr. Fredrick E. Kitoogo PhD, PMP CGEIT, ITIL, ISO 20000.

East Africa Capital Markets Conference

DAY 2

DAY 1

PERSONAL PROFILE AND/OR BRAND PERSONALITY

 

LYN TUKEI - "HER VIRTUALLY GENERATED PROFILE , SIMPLY INPECCABLE!!"

DEFAULT PROFILE VIA LINKEDIN

File Photo/Courtesy: Finance Minister,Hon. Matia Kasaija, accompanied by another official exchange plesantries with Lyn Tukei ( Caption profile via LinkedIn Post )

VIRTUALLY GENERATED PROFILE:

Lyn Tukei is the Head of Public Relations and Communications at the Capital Markets Authority (CMA) in Uganda. She is an accomplished professional with a strong background in strategic communications and personal branding, boasting over 8 years of experience in media and communications.

Key aspects of her profile, rewards, accolades, and positive attributes include:

Current Role and Responsibilities:

As the Head of Public Relations and Communications at the Capital Markets Authority, Lyn Tukei is responsible for the CMA's public notice releases, emphasizing adherence to regulations, and warning against unlicensed securities dealers.

She promotes financial literacy and helps educate the public, especially women, on smart money management and investment opportunities like unit trusts.

She also plays a role in celebrating excellence in financial reporting through initiatives like the FiRe Awards.

Lyn has been involved in empowering investors during events like the World Investor Week, where the CMA emphasizes the importance of informed and protected investors for a thriving economy.

Previous Experience:

Prior to her role at CMA, Lyn Tukei was the Marketing & Communications Lead at Xente Tech, a leading Ugandan fintech company specializing in automating company finance.

She also served as the Director of Public Relations at the Public Relations Association of Uganda (PRAU).

She provides bespoke communications support to personal brands through her PR agency, Brand Help, and shares her knowledge on her YouTube channel, Lyn Tukei.

Awards and Accolades:

She was recognized among the top 100 most influential fintech PR professionals in the world by Propel PRM, ranking in the top 25 on the list. This achievement highlights her significant contributions to the rapidly growing fintech PR industry.

Lyn Tukei was awarded the Tebere-Mudin Award for the overall best performing student of Journalism and Communication at Makerere University's Annual Media Convention in 2019, where she graduated with a CGPA of 4.29.

Positive Attributes:

Expertise in Fintech PR: Lyn has developed a strong reputation for her expertise in the fintech sector, effectively communicating the benefits and potential of fintech products and services to various stakeholders.

Strategic Communicator: She is regarded as an expert in strategic communications and personal branding, demonstrating a proven ability to drive company growth and enhance the public image and reputation of organizations.

Thought Leader: Through her YouTube channel, she helps fintech companies navigate public relations and effectively communicate their value propositions. She also contributes to discussions on topics like the integration of Artificial Intelligence (AI) in public relations.

Advocate for Financial Literacy: She is passionate about empowering individuals, particularly women, with financial knowledge to make informed investment decisions.

Dedication and Hard Work: Her recognition as a top fintech PR professional and her academic achievements underscore her dedication and hard work in her field.

Enthusiasm for Women's Inclusion in Tech: She is enthusiastic about women's inclusion in the tech sector, noting the steady maturing of the FinTech industry in Uganda.

REPOSITORY/SUPPLEMENT

PARIS-2024 – O-SERIES

TENETS OF TRUST LEGACY

GLOBAL SOUTH ALERT – AFRICA –  #01 : |O| TRUST FROM SINCE MEDIEVAL ENGLAND, TO BEYOND AMERICAN DECLARATION OF INDEPENDENCE ON JULY 4, 1776.

YouTube: Trust Presentation Link – Overview :Express Trusts Under Common Law (Part 1) ; (Part 2) ; (Part 3) ; (Part 4).

GLOBAL SOUTH ALERT – ASIA – #02:|O| BANK NOT A TRUSTEE OR FIDUCIARY  BUT SIMPLY A DEBTOR – The contract between a bank and a customer in the decision of the House of Lords in Foley vs Hill (1848) 2 HL Cas 28

GLOBAL SOUTH ALERT – AUSTRALIA – #03:|O | MORTGAGEE (TYPALLY A LENDER SUCH AS A BANK) NOT A TRUSTEE FOR THE MORTGAGOR (BORROWER) –"It is well settled that a mortgagee is not a trustee of a power of sale for the mortgagor. Once the power has accrued, the mortgagee is entitled to exercise it for his own purposes whenever he chooses to do so. It matters not that the moment may be unpropitious and that by waiting a higher price could be obtained. He has the right to realize his security by turning it into money when he likes. [ See: Cuckmere Brick Co. Ltd Vs Mutual Finance Ltd [1971] Ch. 949 ]

GLOBALSOUTHALERT – EUROPE – #04: |O| #BANK STANDS TO LOOSE FOR FAILURE TO KEEP PROPER RECORD OF CUSTOMER ACCOUNT TRANSACTIONS – "Any bank which fails to keep proper records of accounts cannot sustain an ascertainable claim against a customer. ( See: Ezekiel Osugo Angwenyi & Another Vs. National Industrial Credit Bank Limited (2007) eKLR ]"

In Excellent Assorted Manufacturers Ltd & Anor Vs DFCU Bank Limited & Anor, Pg 81, Hon. Mr. Justice Boniface Wamala had the following important observation on that point as cited below:

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"It appears to me that the use of the URA receipt to explain this transaction is an attempt by the 1st Defendant to use any available documents that appear to be proximate in time to explain certain transactions even when there is no nexus between the documents. I find this trend unacceptable. Simply because a payment was done around the time the queried transaction was effected cannot be used as evidence to explain the query. Relying on a decision to which this court was referred by Counsel for the Plaintiffs, I agree that a Court of law cannot determine issues of accounts based on guesswork. 

GLOBALSOUTHALERT – NORTH AMERICA – #05:|O| #LESSEE (#BANK/END-USER) PRECLUDED FROM PASSING TITLE TO A THIRD PARTY WITHOUT PRIOR WRITTEN CONSENT FROM #LESSOR/ (#TRUSTEE/ OWNER) – Meera Investments Limited Vs DFCU Bank Limited & Anor, Civil Suit 948 of 2017 [2023] UGHCLD 340 (20th October 2023), Before: Hon. Mr. Justice Tadeo Asiimwe, CLICK LINK FOR DETAILS =>> : https://lnkd.in/eRHFGGPt

Extract:

James Magode Ikuya Vs Londa Mbarak Abdullah (HCT-04-CV-CA 87 of 2012 [2015] UGHC

"the lessee shall not without the consent of the lessor in writing deal in any way with his/her interest in the land before the lease is extended to the full term of 49 years. Paragraph 3 of the said lease provides for the need for a consent to "transfer". The lease concluded a sale and transfer of the leasehold land without seeking and obtaining the requisite consent." – Hon. Mr. Justice Henry I. Kawesi

RELATED UNITED STATES (USA) PRECEDENT:

Extract:

Cooperider Vs. Myre, 37 Ohio App. 502, 505, 175 N.E. 235, 236 (1930)

"It is no doubt true that possession of personal property is some evidence of ownership, and may be sufficient in a given case to protect one dealing with the property as that of possessor. But mere possession, unaccompanied by other circumstances giving it a specific character or creating an estoppel, is not such evidence of ownership as to prevail against the true owner, except in case of negotiable instruments, mortgaged chattel property, or that sold under conditional sales agreements."

"The rule that one cannot be divested of his property without his consent, and the principle that one cannot possess or convey a greater title than he himself has, controls all questions arising as to personal property attempted to be transferred or as to lien created thereon. The effect of possession as evidence of ownership is subordinate to these principles, save in exceptions noted. The mere fact of one putting property into the charge or custody of another does not divest the possession of the true owner; the legal possession still remains  in the owner, for the agent, bailee or lessee thereof can have no greater title than his grant provides." — Repository Citation: https://lnkd.in/e2R5fZUv

#TrustLawAlert : RENTAL CAR — ASSET BACKED SECURITY (ABS) TRANSACTION

"Most rental car fleet transactions are structured as a true lease (operating lease). In a true lease transaction, the vehicles are titled in the name of the Special Purpose Entity (SPE) with the Indenture Trustee/Custodian named as lienholder on the certificate of title. This will enable the transaction to be structured to be bankruptcy remote so that the fleet of assets can be liquidated in the event of a bankruptcy of the rental car company without a competing claim being made. on behalf of the bankrupt party's creditors." — https://lnkd.in/etmFKd-i

GLOBALSOUTHALERT – SOUTH AMERICA – #06 |O| HUMONGOUS LIQUIDITY TURNOVER : TRUST/FIDUCIARY PATIENT CAPITAL HANDSHAKE WITH ONE OR MORE BORROWER INTERMEDIARY/IES BOOSTS PLOUGHED BACK EARNINGS FOR PARTICIPATING FINANCIAL INSTITUTION/S ( TYPICALLY ONE OR MORE COMMERCIAL BANK/S). For Exhibit (1) [ Mortgage Backed Security (MBS) ]   , Please Visit: Fannie Mae : Financial Reports – FY 2021 | For Exhibit (2) [Asset Backed Security (ABS) ] ; Please Visit : Ford Variable Funding Note Prospectus, June 26, 2009 |

TAGLINE: "TREASURE THE PEARL , RIDE SPECIAL MOBILITY."

LINK: iSpecial Mobility Ecosystem

VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (WBS) FOR AFRICA AND BEYOND."

🌐 iSpecial Mobility Ecosystem

MUSEVENOMICS 2025

 

UGANDA'S ECONOMIC FUTURE TAKES CENTER STAGE

watchdoguganda.com,May 30, 2025 ][ KAMPALA, Uganda — The Musevenomics Conference 2025, a landmark two-day event, commenced on May 29 at the upscale Mestil Hotel & Residences in Kampala, convening policymakers, economists, and business leaders to shape Uganda’s economic future. Organized by the Uganda Development Forum (UDF) and partners under the theme “Sustaining Musevenomics: Navigating Uganda’s Economic Future in a Disrupted World,” the conference dissects President Yoweri Museveni’s economic philosophy, aiming to align it with Uganda’s Vision 2040 and the National Development Plan IV. With sessions on industrialization, value addition, and inclusive growth, the event seeks to deliver actionable policy recommendations for sustainable development.

The #Musevenomics 2025 Conference is underway at Mestil Hotel,Kampala (May29-30, 2025). The event brings together stakeholders from the Government, Private Sector, and Civil Society to discuss Uganda,s Economic Transformation.

The opening session, chaired by Prof. Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, featured Finance Minister Matia Kasaija and UDF chairperson Gen. Caleb Akandwanaho (Salim Saleh). Dr. Fred Muhumuza, Director of the Economic Forum at Makerere University Business School, delivered a keynote tracing Museveni’s 10-Point Programme, highlighting its focus on education, agriculture, and security since 1986. “Musevenomics is pragmatic, people-centered growth,” Muhumuza stated, emphasizing its role in Uganda’s transformation from a low-income to a middle-income economy.

YOUTUBE VIDEO : DAY 1

YOUTUBE VIDEO : DAY 2

Day one explored Uganda’s economic opportunities, including booming coffee and gold exports, rising remittances, and oil sector investments. Speakers also tackled challenges like regional instability, global trade disruptions, and declining foreign aid. Gen. Saleh spotlighted the Parish Development Model (PDM), noting that by April 2025, 10,450 of Uganda’s 10,595 parishes received 200 million shillings each for agriculture and animal husbandry, fostering a monetized rural economy. “This is Musevenomics at work—empowering communities,” he said, linking it to Vision 2040’s middle-income goal.

The conference’s impact lies in its ability to bridge policy and practice. Discussions on industrialization highlighted Uganda’s stable macroeconomic conditions and UPDF-led infrastructure projects, such as roads and schools, aligning with Musevenomics’ globalized vision. Dr. Patrick B. Birungi emphasized value addition in agriculture, noting that coffee exports have nearly doubled since 2019. Private sector attendees, like Kampala entrepreneur Sarah Nakimuli, praised the platform’s collaborative spirit. “This is where we align our businesses with national goals,” she said.

Digital displays showcased Musevenomics successes, from rural electrification to agro-processing hubs, while panels addressed global disruptions like supply chain issues and health threats, including HIV/AIDS and Ebola. The conference aims to deepen understanding of Musevenomics, assess its relevance in a volatile global economy, and develop a roadmap for socio-economic transformation. Organizers committed to sharing comprehensive session documentation within two weeks and publishing a scholarly analysis of Musevenomics’ applications across sectors.

President Museveni will deliver the closing keynote on May 30, expected to outline bold policy directions. Social media on X reflects strong public engagement, with users like

@MaamaKampala21 tweeting, “#Musevenomics2025 is shaping Uganda’s future with a powerful lineup.” However, some posts question whether Musevenomics can address youth unemployment and corruption without systemic reforms, highlighting a divide in public sentiment.

By convening Uganda’s top minds, the Musevenomics Conference at Mestil Hotel is more than a policy forum—it’s a catalyst for innovation. As Uganda navigates global economic challenges, the event underscores the NRM’s vision for a prosperous, self-reliant nation, setting the stage for impactful policies ahead of the 2026 elections.

UGANDA: SOROTI DISTRICT HOSTS THE INTERNATIONAL YOUTH DAY CELEBRATIONS – 2024

Corruption: You Don’t Have to Go on the Streets and Riot, Museveni Tells Activists

Theme: “Skills Development for enhancement of youth opportunities”

File Photo/Courtesy: The President made the remarks today while officiating at the International Youth Day Celebrations held at Soroti Core Primary Teachers' College, Soroti District.

chimpreports.com,August 12, 2024, 10:36PM | The President made the remarks today while officiating at the International Youth Day Celebrations held at Soroti Core Primary Teachers' College, Soroti District.

President Yoweri Kaguta Museveni has reiterated his call to the youths to fight corruption through proper channels.

“Avoid and fight corruption. You don’t have to go on the streets and riot, you fight corruption by following up government money and know how it’s being spent. Know the figures and in case there’s some misappropriation, write and report to the RDC, if the RDC doesn’t act, we have got other channels,” he said.

The President made the remarks today while officiating at the International Youth Day Celebrations held at Soroti Core Primary Teachers’ College, Soroti District. The celebrations ran under the theme: “Skills Development for enhancement of youth opportunities”.

The International Youth Day is commemorated every year on 12 August, bringing youth issues to the attention of the international community and celebrating the potential of youths as partners in today’s global society.

President Museveni reassured Ugandans that corruption is easy to be dealt with as long as they work together.

“We can finish these corrupt people, they are not a big problem. All we need are facts,” he said.

The President also urged the youths and activists to insist on free education in government schools. According to President Museveni, Ugandans have refused to implement the program yet it would have helped the whole country.

“When we introduced it, we knew why we introduced it. In 1958, when we were in our area of Kyamate, Ntungamo area, the people who went to Mbarara High School were like four or five from the whole area. Many children were not going to school at all but even those who went, very few would proceed beyond Primary Six. That’s what we wanted to solve. In my view, we need the implementation of free education in government primary and Secondary schools. Those who are rich can send their children to private schools,” he explained.

“Why have leaders kept on bringing back charges in UPE schools? According to the figures I have, the children in primary schools are 11 million but the ones in secondary schools are 1.7 million. Yet the years of primary and the years of secondary are almost the same. It’s 7 years for primary and 6 for secondary. Why do you have 11 million learners in Primary and 1.7 million in secondary, where have the 9.3 million learners gone? You people, you all come from villages, go back and check how many people dropped out of school in each area.”

On the other hand, President Museveni advised the school going children to work with their parents during holidays to stabilise their homestead income.

“Many people don’t know that some of us were influenced by the way we grew up. Like in my case I was a wealth creator from the age of 4. Age of 4 my job was to look after the young cows. By the age of 8, I was looking after the big cows. The children in holidays should participate in wealth creation,” he said.

“I would advise the parents not to over exploit the children like we were exploited. My children and grandchildren now don’t have the same pressure like I had.”

The President further emphasised that when children are still in the school system, they should always participate in sports and exercises so that they are fit. He also advised that they should spend their youthful years doing useful things.

“Participate in spiritual development through religious programs so that you have discipline and fear God. We also need to audit the cultures and we see what we can recommend for our children. Some of the cultures for our people were not good, like mistreatment of women.”

Furthermore, President Museveni encouraged the youths to embrace and understand the four principles of the National Resistance Movement (NRM) of Patriotism, Pan-Africanism, Socio-economic Transformation and Democracy for their prosperity.

“After you have gone through the school system, you should engage in wealth creation through the four sectors of the economy which include commercial agriculture, manufacturing and artisanship, services and ICT. Being a political leader or administrator is also part of the services sector but the jobs there are few. So the government jobs are not enough but the services jobs in the private sector are much more.”

The President also cautioned the youths against environmental degradation.

“The misuse of swamps must stop. The swamps are for water to feed the dry land.”

On the other hand, President Museveni commended the people of Teso for fighting poverty through commercial agriculture.

“I can see most of the people in Teso are now out of the grass thatched houses and most of them are growing citrus fruits. I have put up new people to look after the factory and we shall stabilise the market.”

The Minister of Gender, Labour and Social Development, Hon. Betty Amongi informed the President that the theme of the celebrations resonates with the fact that skills are important for the realisation of opportunities of the youths, and it addresses the high numbers of the youths who are not in employment, not in school and not in the formal sector.

“The recent National Population and Housing Census of 2024 put the youths between 18 to 30 years at 10.4 million, representing 22.6 percent. Youths between 30 to 34 years are 2.8 million, constituting 6 percent. Children between 0 to 17 years are 23.1 million which constitute 50.2 percent. This makes Uganda one of the youngest and most rapidly growing populations in the world, with about 4 percent population growth and 78.8 percent of Uganda’s population are now under the age of 35,” she said.

The Minister also decried the lack of skills and competence among the youths, saying the factors deter them from effectively entering the job market.

“More than 1 million young people enter the job market every year. This presents both a huge opportunity but also a challenge. The 2021 Uganda National Labour Force Survey showed that employers across formal and informal sectors in Uganda identified lack of practical, digital entrepreneurship skills as well as soft skills such as managerial, communication, social, emotional as limiting most youths from entering the job market,” she noted.

“They also assert that our education system is not fully aligned with the Labour force needs leading to a mismatch of skills and competence for employability.”

The Minister of State for the Youth and Children Affairs, Hon. Balaam Barugahara assured the youths that the government is working around the clock to ensure that the challenge of unemployment among them is dealt with.

“Your Excellency, investing in youth skills development is crucial. Such investment supports national peace and stability, enhances resilience and promotes social transformation,” he noted.

The UN Resident Coordinator in Uganda, Ms. Susan Ngongi Namondo called for renewed efforts to ensure that the 73 percent of Ugandans under the age of 30 years are engaged in productive adulthood.

“We have to redouble efforts to ensure that there’s hope across the board,” she said.

The Ambassador of Denmark to Uganda, H.E Signe Winding Albjerg said the Youth Day commemoration was very vital because it aims at celebrating the contribution of the youth towards development especially in leading digital adoption and innovation across the globe.

“Your Excellency, this day also reminds us all to highlight the challenges that young people face in order to be able to realise their potential. On this day, we should challenge ourselves to do more and better for the youths,” she said.

The Chairperson of the National Youth Council-Uganda, Mr. Jacob Eyeru thanked the President for guiding the youth to the right path of attaining education and creating jobs.

“The NRM government also dealt with the issue of our health through immunisation. Now we are dealing with the issue of socio-economic transformation,” he said.

He also commended President Museveni for setting up the skilling hubs that impart skills to the youths across Uganda. This, he said, has helped to deal with youth unemployment in the country.

The event was also attended by the Vice President H.E Jessica Alupo, Ministers, Members of the Diplomatic Corps, Members of Parliament, among others.

HUMONGOUS LIQUIDITY TURNOVER: PATIENT CAPITAL HANDSHAKE BOOSTS PLOUGHED BACK EARNINGS FOR PARTICIPATING COMMERCIAL BANKS

BoU tasks commercial banks to take serious measures against under capitalisation

The Central Bank has tasked commercial banks to implement risk management practices and controls to prevent under capitalization.

The Bank’s Director of the Pension and Administration department Ralph Bakashabaruhanga says banks should avoid disappointing and abusing their depositors trust.

He advises that commercial banks ensure rigorous internal controls that help them to control fraud among other measures.

This follows the closure of Mercantile Credit Bank last week and EFC Uganda in January due to “serious issues that put customer savings at risk.

“These institutions failed their depositors, employees and broader financial due to under capitalization, poor cooperate governance and insolvency, these are not isolated incidents these representor preterm of government failures that have been and enduring cause of banking sector instability in Uganda,” Mr. Bakashabaruhanga commented.

Bakashabaruhanga made the remarks while addressing students and officials from the Uganda Institute of Banking and Financial Services during their Annual General Meeting held in Kampala on Thursday.

SUPPLEMENT

TENETS OF TRUST LEGACY

GLOBAL SOUTH ALERT: TRUST FROM SINCE MEDIEVAL ENGLAND, TO BEYOND AMERICAN DECLARATION OF INDEPENDENCE ON JULY 4, 1776.

TAGLINE: "TREASURE THE PEARL , RIDE SPECIAL MOBILITY."

LINK: iSpecial Mobility Ecosystem

VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (WBS) FOR AFRICA AND BEYOND."

🌐 iSpecial Mobility Ecosystem