Frederic Musisi

Kampala

Nosy hack @ICIJorg, @DailyMonitor, @NTVuganda. Investigations/Public Affairs/Oil&Gas/Politics. Cinephile. Wannabe screenwriter. Cosmic thinker. Hodophile.

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Articles

What next as Umeme, govt fight over extra Shs420b?

1 week ago | monitor.co.ug | Frederic Musisi

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IGG probes Prof Nawangwe academic papers

1 week ago | monitor.co.ug | Frederic Musisi

The Inspectorate of Government has launched a wide-ranging probe into the fallout at Makerere University occasioned by Vice Chancellor Barnabas Nawangwe’s governance and the brouhaha surrounding both his academic papers and ascension to the highest academic rank of professorship.
Power users to pay back Shs430b Umeme buyout

2 weeks ago | monitor.co.ug | Frederic Musisi

The mood inside Umeme’s national control centre at Lugogo, Kampala City, on the night of March 31 was outwardly chirpy for the event dubbed “The Big Switch”, and yet at the same time, there was a certain tinge of trepidation that filled the room.
Stanbic, four other banks pool cash for oil pipeline

4 weeks ago | monitor.co.ug | Frederic Musisi

The East African Crude Oil Pipeline (EACOP) holding company last evening announced closure of the first round of debt financing with a consortium of five African and Middle Eastern banks, signalling slow return of investor confidence in the Uganda Tanzania pipeline project, which has been long decampaigned by environmentalists.
Umeme buyout runs into more storm

4 weeks ago | monitor.co.ug | Frederic Musisi

More confusion continues to mar the planned Monday exit of power distributor Umeme’s and Tuesday handover of the management of the country’s majority electricity infrastructure to the Uganda Electricity Distribution Company Limited (UEDCL). Amid the contradictory opinions and rope-pulling between Umeme and Energy ministry over the buyout amount, an internal assessment of the power distribution network has put the cost of existing defects in the system at Shs529b.
Fresh puzzle over Umeme exit

1 month ago | monitor.co.ug | Frederic Musisi

A fresh dispute has erupted over Umeme’s exit with the Office of Attorney General (AG) putting an 11th-hour spanner in the works, ruling that the Electricity Regulatory Authority (ERA) did not have unfettered discretion over the power distributor’s investment requirements. The AG’s opinion, multiple sources who are privy to the exchanges, told this newspaper last evening, has disconcerted ERA executives as being favourable to Umeme.
Uganda and the 25 countries worst hit by Trump aid cuts

1 month ago | monitor.co.ug | Frederic Musisi

Uganda is among the top 26 poor countries that are most vulnerable to the Donald Trump administration's chokehold on foreign aid, particularly financing to the health sector, analysis of data has shown. Uganda, according to analysis of data from the Washington DC-based think tank, Centre for Global Development (CGD) by The Economist, ranks in the sixth position only behind Afghanistan, Somalia, South Sudan, Malawi, and Haiti.
World Bank queries Shs700b Internet deal

2 months ago | monitor.co.ug | Frederic Musisi

The World Bank has expressed concern about the slow disbursement of government counterpart funding for the Uganda Digital Acceleration Project (UDAP), which is aimed at expanding access to high-speed Internet and strengthening digital inclusion. In a January 7 letter to ICT Minister Chris Baryomunsi, the Bank noted that government financing stands at just 2 percent, or $4 million (Shs14.5 billion), while the project is scheduled to close in May next year.
Govt turns to Stanbic for Shs700b Umeme buyout

2 months ago | monitor.co.ug | Frederic Musisi

Cabinet last week on Monday gave a green light for the borrowing of $191m (Shs700b) to buy out the electricity service provider, Umeme Ltd, ahead of the end of the company’s 25-year concession next month. According to top energy sources, another $50m (Shs183.5b) was approved as startup capital for the Uganda Electricity Distribution Company Ltd (UEDCL), which is taking back operations of the national grid.
Queries over arrest of journalist by refinery investor

2 months ago | monitor.co.ug | Frederic Musisi

A case before the Nakawa Chief Magistrate’s Court has raised queries about whether a $60,000 (Shs219m) payout to a journalist was hush money to protect the image of the refinery investor, Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, and his local associates, or it was extortion. Mr Richard Wanambwa, the co-editor of the online news website Eagleonline, was arrested by the Criminal Investigations Directorate on December 11 last year, reportedly on the orders of State House.