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Showing posts from December, 2017

THE LINK BETWEEN MOBILE MONEY AND FAKE MONEY

 by Fred Muwema  The recent  story  about  the URA seizure  of  counterfeit  currency  notes worth Ushs.189M at the Busia  Border  on the 22 nd  /10/17 was significant  in many  ways. First it gave a clear indication that there is demand for counterfeit money in Uganda which explains why the culprits could risk importing it. Second, the demand for counterfeit money is channeled through the uncontrolled growth of mobile money transaction whose value is now in excess of Ushs. 15 trillion (approx. $  4Bn). Despite  its strong  economic attributes which includes the promotion  of  financial inclusion ,the mobile money  platform  in Uganda  today  provides  the weakest  link  in our  financial  system .It provides  the easiest  entry  point  for fake  money  and I have no doubt  that the impounded counterfeit...

PROSECUTORS STRIKE SHOULD NOT DELAY TRIALS

by Fred Muwema The current strike by Government prosecutors which has been going on for almost two months now, though merited, is not desirable.This is the longest period any prosecutors anywhere in the world have been on strike. The other prosecutor strike this year in Ghana which was also grounded in pay did not last two weeks. They were sorted out timeously by the Government of Ghana so as to stave a national embarrassment. The prosecutors strike in Israel in April 2015 lasted 43 days and it was an agitation over political interference in their work. As a country, we cannot be proud of this world record set by our prosecutors. We have actually gained nothing from this prosecutors strike apart from damaging our reputation as a serious nation.  Unfortunately, the Courts are making it worse by stopping criminal trials because of the absence of the prosecutors. A court is a revered place where everyone including the state must submit to its jurisdiction and authority. We a...