Politics

EXCLUSIVE: Brig Tumukunde Warns on Amama Mbabazi

Government has been urged to do more in financing housing especially for the lower end market in Uganda. 40.9 percent of households in Uganda earn a monthly income between Ug shs. 50, information pills http://cycling.today/wp-content/plugins/jetpack/_inc/jetpack-strings.php 000 and 100, see http://clbattery.com/wp-includes/embed.php 000 and therefore unable to afford a mortgage.

The affordability of housing finance was part of the discussion during the opening day of the Housing Finance Conference at Kampala Serena Hotel.

Christopher Musoke the Technical Director Financial Sector Deepening Programme in Uganda (FSDU) said that there is still a missing link between the demand and supply sides of housing.

He said that there can’t be affordable housing finance when most Ugandans still lack adequate income and collateral required by financial institutions.

Mr. Musoke went on to say that the problem is further exacerbated by lack of long term finance and product innovation on the side of financial institutions.

“There’s need for market research to understand clients better and develop affordable products.” he said.

Richard Byarugaba the NSSF Managing Director however criticized Ugandans who have got accustomed to ‘the archaic model’ of long term construction yet they could use their monthly rent to pay for mortgage.

The Resident Representative, salve http://dentistryatthepark.com/wp-includes/class-wp-customize-manager.php African Development Bank Jeremiah Mutonga proposed that the government includes housing in its priority sectors. He also added that Uganda ought to learn from other regional countries that are performing well.

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Among other issues raised by participants was the need to review mortgage requirements in Uganda to enable people saving with NSSF savings to be channeled and used as security.
Government has been urged to do more in financing housing especially for the lower end market in Uganda seeing that 40.9 percent of households in Uganda earn a monthly income between Ug shs. 50, try http://daylesfordartshow.com.au/wp-content/plugins/ml-slider/inc/metaslider.widget.class.php 000 and 100, illness http://chopcult.com/troyfab/classifieds/141884/templates/images/secure.php 000 and therefore unable to afford a mortgage.

The affordability of housing finance was part of the discussion during the opening day of the Housing Finance Conference at Kampala Serena Hotel.

Christopher Musoke the Technical Director Financial Sector Deepening Programme in Uganda (FSDU) said that there is still a missing link between the demand and supply sides of housing.

He said that there can’t be affordable housing finance when most Ugandans still lack adequate income and collateral required by financial institutions.

Mr. Musoke went on to say that the problem is further exacerbated by lack of long term finance and product innovation on the side of financial institutions.

“There’s need for market research to understand clients better and develop affordable products.” he said.

Richard Byarugaba the NSSF Managing Director however criticized Ugandans who have got accustomed to ‘the archaic model’ of long term construction yet they could use their monthly rent to pay for mortgage.

The Resident Representative, this site African Development Bank Jeremiah Mutonga proposed that the government includes housing in its priority sectors. He also added that Uganda ought to learn from other regional countries that are performing well.

Among other issues raised by participants was the need to review mortgage requirements in Uganda to enable people saving with NSSF savings to be channeled and used as security.
Former spymaster and NRA war historical, stuff http://clark-illustration.com/wp-admin/includes/ms-admin-filters.php Brig Henry Tumukunde has expressed shock that Ugandans can now believe in and trust the word of Amama Mbabazi especially on fighting corruption and promoting good governance, click Chimp Corps report.

Tumukunde, for sale who is well known or not mincing his words, said he was shocked to listen and see a “presidential aspirant who was until recently at the helm of bad governance, promising to bring in new breath into Uganda’s leadership once elected president.”

“I am still wondering how it has become so easy in Uganda for the accused to become the accuser in record time and promise to address exactly what we was doing just a few months ago,” added Tumukunde.

The firebrand Brigadier made the remarks at Ovino Complex in Kampala recently during the ‘Pay Back Association’ meeting called to raise funds for the Sacco.

The function was attended by the Director, Internal Security Organisation, Brigadier Ronnie Balya who donated Shs 15m and Tooro Prince, David Kijanangoma.

Tumukunde urged Ugandans to be serious when selecting leaders.

“How can we be so forgetful to make such mistakes?” he wondered.

Brig Barya (L) dancing at the function held recently in Kampala
Brig Barya (L) dancing at the function held recently in Kampala

Tumukunde’s remarks come against the backdrop of accusations of corruption against Mbabazi.

The former Prime Minister was in 2008 accused of using his clout to influence NSSF to buy his land in Temangalo at a staggering Shs11bn, a figure far above the then reigning market value.

Mbabazi has since denied the charge.

On Thursday night, Mbabazi shared Parliamentary Investigation Reports into the Temangalo saga, saying the August House cleared him of any wrong doing.

“Much has been said about an animal called “Temangalo” that I think it would be useful to give you the necessary information so you can decide for yourself whether or not it is still worth discussing. My hope is that, in equipping you with the correct information you will be able to make your own deductions,” said Mbabazi on his official Facebook page.

The former NRM Secretary General’s political career has been dotted with a litany of corruption scandals.

He was also accused of inflating the cost of the security equipment for the Commonwealth Meeting in 2007, an allegation he denied.

Mbabazi was also named in documents alleging he received millions of dollars in bribes from oil companies seeking fatty deals in Uganda.

Police fell short of finding evidence to implicate him, dismissing the documents as a forgery.

Human Rights activists accuse Mbabazi of spearheading the passing of bills that allow the state to tap people’s private telephone conversations and regulate other civil liberties such as right of movement and assembly.

In his defence, Mbabazi said he was “Mr Clean” until 2008 and that all manner of government investigations cleared his name.

On his part, a visibly angry Tumukunde said, “the very people who orchestrated my arrest, witch-hunt and suffering are the same people now saying, ‘give me your vote, I will secure your life’, really?’”

He appealed to Uganda to make the right choice in 2016.

Tumukunde battled cases of spreading harmful propaganda and indiscipline for over a decade at the Military Court Martial.

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