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The State House Investors Protection Unit and the National Planning Authority (NPA) convened today to discuss the creation of an Indigenous Patient Capital and Cross-border African Investment Bank.

The meeting, hosted at the State House Investors Protection Unit Offices in Kampala, follows the President’s directive to explore collaboration between NPA, the private sector (TRAVACO), and the financial sector to establish these initiatives, with a focus on engaging interested African countries like Tanzania.

Col. Edith Nakalema, head of the unit, expressed appreciation to NPA, Trans-Africa Value Corridor (TRAVACO) Ltd, and other partners for their efforts in advancing these initiatives.

Acknowledging the President’s support, Col. Nakalema emphasized the commitment to realizing these plans.

Prof. Pamela Mbabazi, Chair of NPA, clarified that indigenous patient capital emphasizes long-term financial investments prioritizing sustainable growth alongside financial returns, citing its potential to support projects like the Standard Gauge Railway.

Highlighting Uganda’s investment opportunities and funding challenges, Prof. Mbabazi underscored the significance of addressing financing gaps through initiatives like indigenous patient capital to strengthen the private sector, crucial for socio-economic transformation.

Mr. Patrick Ayota, Managing Director of the National Social Security Fund (NSSF), emphasized the importance of mobilizing patient capital, citing successful examples from countries like China and Singapore.

While acknowledging the seed capital requirement of USD5 million as manageable, Mr. Ayota stressed the need for stakeholder mobilization to achieve the envisioned goals.

Mr. Tumubweine Twinemanzi, Executive Director of Supervision at the Bank of Uganda, emphasized the importance of trust-building among investors to ensure the success of the initiative, likening it to planting a seed that requires nurturing.

Dr. Beenunula Eyenunula, CEO of TRAVACO, explained the project’s aim to address capital deficits and infrastructure gaps hindering Uganda’s economic development, drawing parallels with Asia’s success in poverty alleviation through indigenous patient capital.

Maj. (Rtd). Gertrude Njuba urged further efforts in asset management to garner government support, emphasizing the transformative potential of such initiatives.

Former Minister Prof. Tarsis Kabwegyere emphasized the importance of securing independent initiatives against neo-colonial interests and suggested benchmarking visits to countries like China for development insights.

Mr. Fred Ruhindi stressed the importance of discipline in achieving the milestone of establishing these initiatives, highlighting Uganda’s capacity to succeed with concerted effort.

The meeting also saw attendance from Dr. Michael Atingi-Ego, Deputy Governor of the Bank of Uganda, Mr. Bageya Waiswa, Permanent Secretary-Ministry of Works and Transport, and Mr. Ron Kawamara, founder of Jumia, among others.

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Kimera Abdul is a Senior Journalist with Plus News Uganda. He identifies as an adaptable and enthusiastic individual who works to inspire generations. He posses a Diploma and Broadcast journalism and has… More by Kimera Abdu

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Gen. Sejusa Mocks Opposition’s #FreeBesigye Campaign

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The former Coordinator of Intelligence Services in Uganda, Gen (Rtd) David Sejusa, has warned opposition leaders against making mistakes while pushing for the release of Col. (Rtd) Kizza Besigye from Luzira Prison, describing it; a strategic political battle for state power.

On Tuesday, 18th February, 2025, Sejusa posted on his X account, emphasizing, “This fight is beyond law, courts, judges, and even rights, highlighting the political stakes underlying Besigye’s situation.”

Sejusa warned the opposition against simplistic approaches, stating, “This fight is about political power; it cannot be won by posting coffins and photos of Besigye.”

He said the issue is more complex as it involves “restructuring the military as an institution of state,” making it “a fundamental fight” that few fully comprehend.

Sejusa criticized the approach of activists using social media campaigns, calling it “ignorance and indiscipline of keyboard warriors.”

He said, “Insults and blackmail don’t win wars; numbers, ideas, and conviction do. Convince people; don’t insult and intimidate. Political struggles are won by building a broad base of support rather than alienating potential allies.”

Sejusa cautioned opposition to separating Besigye’s health from political objectives.

“Don’t tie getting him medical care with overthrowing Museveni’s government. If you do, then I’m afraid you are jeopardizing Besigye’s life,” Sejusa warned.

He advised the group to focus on ensuring Besigye is taken “before a competent court” where he can be granted bail.

Sejusa warned that if the situation is not handled with “cool heads,” it could escalate conflict. “The current standoff is beyond legalities; it’s politics, it’s power,” Sejusa added.

On Monday, 17th February 2025, Dr. Chris Baryomunsi, the ICT Minister, confirmed visiting Besigye from Luzira and suggested that his health condition wasn’t that worrying.

The controversy surrounding Besigye’s detention continues to unfold, with increasing calls from his family, political allies, and human rights groups for his immediate release on medical grounds.

His statement comes amid growing concerns about continued trial of Besigye in the military court martial despite a recent Supreme Court ruling against trying civilians.

Besigye was charged with illegal possession of a firearm, threatening national security, and treason—a charge that carries the death penalty. He denies all accusations.

https://hoimapost.co.ug/gen-sejusa-mocks-oppositions-freebesigye-campaign/
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NUP Chief Kyagulanyi Condemns Siege on Kavule Premises

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National Unity Platform (NUP) President Robert Kyagulanyi, popularly known as ‘Bobi Wine’ has condemned the police raid at the party’s headquarters situated in Kavule,  Kamokya.

Kyagulanyi labelled this action as ‘a continued violation of the party’s rights.’

“Our headquarters have been surrounded by security forces since dawn. This blatant violation of our rights is unacceptable,” he said on his X.

Kyagulanyi demanded the immediate release of their detained comrades and the withdrawal of security personnel from our premises.

In an operation which began on February 21, 2025, joint security forces conducted thorough searches of both locations following reports of unauthorized military drills.

Kituuma Rusoke, the police spokesperson, in a follow-up press release issued today, Saturday, February 22, 2025,   affirmed the successful completion of their search activities.

“The Kamwokya location was finished on February 21, while the search at the NUP headquarters in Kavule concluded today, February 22 afternoon,” Kituuma said.

According to the Uganda Police Force, several exhibits were recovered during the operation.

“The recovered items will be used as evidence as part of the ongoing investigation,” the statement said.

The police emphasized that further updates regarding the operation would be provided as necessary promising to provide further updates on the outcomes of this operation will be provided in due course.

https://hoimapost.co.ug/nup-chief-kyagulanyi-condemns-siege-on-kavule-premises/
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Military Beats Journalists, Vandalizes NUP Headquarters as Party Leaders Demand Access

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Journalists covering the National Unity Platform (NUP) were today assaulted by military officials guarding the party’s headquarters at Makerere Kavule. The incident occurred as NUP leaders, including Vice President for Buganda Region Muhammad Muwanga Kivumbi, Leader of Opposition Joel Ssenyonyi, and Secretary General David Lewis Rubongoya, attempted to gain access to their premises.

The military, which had occupied the NUP headquarters for two days, initially denied the leaders entry. In the process, soldiers reportedly beat journalists covering the event using electricity cables. Ssenyonyi later confirmed on his X (formerly Twitter) account that the military eventually allowed them access, revealing the offices had been extensively vandalized.

In his post, Ssenyonyi detailed the extent of the damage:
“Today we went to the NUP School of Leadership in Kamwokya and found that the military had vandalized our property. We proceeded to our Headquarters in Kavule, and the military was still in place. They first denied us access and even beat up some journalists using cable wires. We insisted that if they were conducting a legal search, we ought to be present. They eventually departed, and we accessed our offices.

In the two days that they have been at our premises, they have wreaked so much havoc. Doors were broken, money was taken from our accounts office, computers were stolen, electricity and internet wires were cut, cameras were disconnected, and a lot more property was destroyed.

We are going to do proper stock-taking to establish all that’s been taken and the extent of the damage. While these illegal acts tend to disorganize our operations a little bit, they will not break our spirit.”

The raid on the NUP headquarters comes just 48 hours after the opposition held joint prayers, raising concerns about a continued crackdown on dissent. The party has accused the government of using intimidation and harassment to suppress opposition activities.

NUP leaders have vowed to document the damages and hold those responsible accountable. They also condemned the assault on journalists, calling it an attack on press freedom and democracy.

The incident has sparked outrage among human rights activists and opposition supporters, who are demanding an end to the militarization of political spaces and respect for constitutional rights.

As tensions escalate, NUP remains resolute, asserting that such acts of repression will only strengthen their resolve to fight for justice and democracy in Uganda.

https://hoimapost.co.ug/military-beats-journalists-vandalizes-nup-headquarters-as-party-leaders-demand-access/
https://hoimapost.co.ug/military-beats-journalists-vandalizes-nup-headquarters-as-party-leaders-demand-access/ , hoimapost.co.ug

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