Amanya Dero

Ugandan, Musevenomics

[Amanya Dero @IAm_Amanya]

@believe_kama Why would you need such a car in Uganda.

[Amanya Dero @IAm_Amanya]

@Urbanbouy01 It is not supposed to knock you

[Amanya Dero @IAm_Amanya]

@mkainerugaba We thought he was your guy

[Amanya Dero @IAm_Amanya]

@Mutesimarion_ That’s called the deep state @mkainerugaba

[Amanya Dero @IAm_Amanya]

#NewProfilePic

[Amanya Dero @IAm_Amanya]

@DaudiKabanda Mulife don't run!!

[Amanya Dero @IAm_Amanya]

@KalakiBrian History is being written. The world is changing right now and everything will never be the same.

[Makerere University COBAMS @MakCoBAMS]

A photo moment with the best accounting students, and this was graced by the #VC @Makerere @ProfNawangwe .

[Snr. Cde. Robert Kabushenga @rkabushenga]

COFFEE EXPOSÉ: THE END
Folks, I know you have other stuff to worry about so I won’t keep you here long. Certainly not forever.

The fraudsters at @coffeeinvestug have finally been cornered into a response below. Basically it is three dimensional insolence. An insult to our intelligence, no regard for the tax payer & a 🖕🏿to those of us on the coffee sector who toil to earn US$800m for Uganda. Go & read it for yourself. If it doesn’t make sense, it is because, well, it doesn’t!

- It refers to members of the consortium without listing them.

- It talks about a September 2023 disbursement of $8.5m. The Minister told us they took $10m. How do we explain the discrepancy?

- Early 2023, @TugumeNelsonO, with high level political influence & the technical support of a @mofpedU Commissioner managed to get $10m for his CIC outfit included in the national budget for FY 23/24. The money was supposed to be disbursed after July 2023. However, Tugume was impatient & began to pressure the Treasury to release an advance payment of US 2m in April 2023. He came up with a clever argument that the money was required for the launch of a UGCONNECT hub in Belgrade, Serbia. It had to be ready for the President’s scheduled visit. We all know what happened but just so you know, the costs of setting up the hub/pub & the launch event were met by the owner. I have had to two figures mentioned-200k & 350k euros that the owner spent on this. Let’s just say that he got nothing in return & has been contacting local exporters to sell him some green beans so he can get his business going. The Ugandan colors that branded the exit have vanished

Why is this important? CIC claimed that they spent $500k on furniture for the Belgrade Pub. We have since established that not a single coin of this money was spent in Serbia apart from accommodation & some pocket money given to those who were in the CIC house.

On May 18th @mist_science transferred $1m to the CIC account no 01490011034070 in @dfcugroup. On May 19th, all the money was withdrawn & shared out.

Funzo Ltd(R. Byaruhanga)- 715m
Rubanda (James Muhangi)-350 m for supply of green beans of coffee to be exported to Serbia. These were dumped at Tugume’s stores at Coffee City in Ntinda & rotted there.

Consolata Tumwesigye - 350m

The rest was transferred to Tugume’s company Inspire Africa. I am told the the figure was UGX 1.6bn. It could be more.

The balance of $8.5m was transferred as their own response states. I have been told that Tugume forged signatures of his colleagues & moved the money to his account. He has a fixed deposit in a local bank against which he has borrowed in the same amounts. I have been told two different figures-17.5bn & 2.5bn. I am also told he has upgraded his to a Range Rover & Mercedes Cross Country. An amount of UGX 600m has been dedicated to a PR campaign to counter this exposé. The usual sharks have already eaten a significant chunk. So when you read posts that are incongruous with the known posture of the author, you know the incentive. When questions were asked about progress on exports of roasted coffee to Serbia & Russia , he lied then began running around local exporters to get some beans on credit. All suppliers aware of Tugume’s dodgy past gave him a wider berth.

One downside of this is that it has spawned a series of conspiracy theories. These have undermined confidence in the establishment. Beyond a letter demanding for accountability surely all these anti corruption outfits can simply go to the bank & obtain evidence of how the money moved. But that is someone else’s job. Mine is to give voice to the 12 million people whose livelihood depends on coffee. They have been shunted aside in favor of a greedy cabal of crooks. A simple due diligence on Tugume would shown that he has a 100% failure rate on execution of any project. Entrusting him with what they are claiming to do as CIC was very bad judgement. But we are here now. God help us.

[JULIANA KANYOMOZI @JKanyomozi]

Thank you sebo @MordecaiMuriisa . When we can have conversations like these , I believe we can then start to not only recognize each other’s pain, but to also heal. I pray for a Uganda that is not divided by politics, religion or ethnicity.
🙏🏾🇺🇬♥️

[Amanya Dero @IAm_Amanya]

@pwatchug borrowing to Government is less risky , this increases interest rates on loans available, makes investment less profitable. No extra jobs created, and increasingly more difficult to sent up Business in Uganda. The PSST needs to take charge of the situation before it is too late

[Amanya Dero @IAm_Amanya]

This is called *Private Sector Crowding out effect*, it is when the private sector investment spending decreases due to an increase in government borrowing from the loanable funds market. What is happening is that Gont is fighting with the Private sector to borrow the same funds.

[Parliament Watch @pwatchug]

Bank of Uganda this week revealed that Uganda’s provisional public debt as of August 2023, was Shs88.807Trn & asked  Gov’t to tame its huge borrowing appetite from commercial banks, as this has increased cost of credit for private sector.

[Amanya Dero @IAm_Amanya]

Do you remember when you joined Twitter? I do! #MyTwitterAnniversary

[Osbert🥶 @nduwayo_osbert]

@MSA_mubs https://t.co/d1JFRvoSwU competition,kindly LIKE ,RETWEET, COMMENT AND SHARE THIS TWEET To make this the best advert in the @OfficialMubs #marketersweek2023 Advert Competitions @PepsiUganda @MSA_mubs #PEPSI

[Kampala Capital City Authority (KCCA) @KCCAUG]

NAME: Archer Road.
DISTANCE: 0.75km
FEATURES: Walkway and Cycling Lane

It connects Jinja Road to Upper Kololo Terrace and is in good condition.

#KCCAatWork #ForABetterCity

[Amanya Dero @IAm_Amanya]

@naughtiecindy HPV

[City Oilers Basketball Club 🏆🏆🏆🏆🏆🏆🏆🏆🏆🏆 @CityOilers]

Joining hands in unison to welcome this Dual StraightOutta Mukono!
Welcome to the CITY!

[Keneth omushambo @BarigyeKeneth2]

No matter what am united diehard, good morning on the other side.

[NBS Sport @NBSportUg]

What has been your biggest highlight from Uganda's basketball throughout 2022?

#NBSportThisMorning | #NBSportUpdates

[muhanguzi justus🇺🇬 @justusmuhanguz1]

@nbstv 1. As long as your above 25 years you should be capable of standing for presidency.

2. Presidential consultation on appointments of public officers and other positions should be abolished and given to the public to vote competent people. #NbsLiveat9