Douglas Muhwezi

we delight in the beauty of the butterfly, but rarely admit the changes it has gone through to achieve that beauty. -Maya Angelou

[Charles Onyango-Obbo @cobbo3]

https://t.co/Bd4Mg9gKJ5

[Charles Onyango-Obbo @cobbo3]

I used to be a presidential two-term fundamentalist (two terms of 5 years each, 10 years in all, nothing more), but after a three decades battle, bloodied and wounded, I have finally raised the white flag and surrendered to Africa's relentless and ruthless strongmen and strongwomen. My Treaty of Versailles terms are now two terms of 7 years each (14 years) or, at the very most, three terms of 6 years each (18 years), butthere must still be term limits. Fair and reasonable?

[Benjamin Oteng Israel @OtengBenjamin10]

A Consent Judgment Is Not Just a Contract. It Is a Judgment.

In Standard Chartered Bank (U) Ltd & Others v Hassan Basajja & Others, Civil Appeals Nos. 147 of 2014 & 140 of 2015 [2026] UGCA 264, the Court of Appeal delivered an important lesson on assignment, locus standi and res judicata.
Stanbic and Standard Chartered had assigned the relevant debts and securities to Bank of Uganda. The Court held that, having made an absolute assignment and received consideration, the banks retained no legal right or interest in the assigned debts and therefore had no cause of action or locus standi to sue the guarantors for recovery.

Though, the most striking point was the effect of the subsequent consent judgment.
The Court held that a consent judgment endorsed by court is not merely a private agreement. It constitutes an adjudication and a decree, capable of execution.

The parties had compromised the assigned debts at USD 11,575,000. The consent provided for recovery against the securities in the event of default; it did not provide that the original, larger debt would revive.

Therefore, the banks could not circumvent the consent judgment by instituting fresh suits against the guarantors for the original sums.

The Court's message is clear: a consent judgment must be construed according to its terms. Courts cannot import conditions that the parties did not include.

The subsequent recovery suits were consequently caught by res judicata.
Another important point: the High Court erred in adding the Attorney General as a plaintiff without hearing the parties on that issue. A court must remain a neutral adjudicator, not descend into the arena of litigation.

The law does not permit a consent judgment to be treated as a mere stepping stone to fresh litigation over the same claim.
#consentjudgement #ResJudicata

[Al Jazeera English @AJEnglish]

Google’s Gemini AI hacked into three real companies during a cybersecurity test after accessing the internet, then stopped each time it realised the targets were outside the test’s scope. https://t.co/PIbydoD3fR

[NSSF Uganda @nssfug]

Today, Bank of Baroda (Uganda) Managing Director, Mr Chandan Singh, handed over a cheque of UGX 1.88 billion to NSSF Managing Director, Mr Patrick Ayota.

The payment represents NSSF’s dividend from its 2.1% shareholding in Bank of Baroda (Uganda) for the financial year ended 31 December 2025.

The dividend underscores the value of strategic investments in growing and safeguarding members’ savings while contributing to long-term value creation.

[Silver Kayondo @SilverKayondo]

Cash Reserve Requirement (CRR) is the minimum percentage of customer deposits Commercial Banks must keep with #CentralBank as cash reserves

Can't be lent/invested. Banks earn no interest on CRR. Temporarily done to manage liquidity & control inflation amidst a weakening Shilling

[Silver Kayondo @SilverKayondo]

Uganda's #CapitalMarkets Authority (CMA) recently issued the #Sukuk Guidelines & the Environment, Social & Governance Disclosures & Sustainability Reporting Guidelines #ESG

We need to get better at communicating what we have done

These are the things investors want to hear

[Uganda Revenue Authority @URAuganda]

Denis Kugonza, Commissioner Domestic Taxes also re-emphasized and encouraged the landlords to always remember their obligations which are;

1️⃣ Declare all properties
2️⃣ Issue EFRIS receipts
3️⃣ Maintain compliant agreements
4️⃣ Keep taxable records
5️⃣ File on time
6️⃣ Maintain truthful claims

#DevelopingUgandaTogether
#FFeBanno

[Yusuf Serunkuma🌹 @YusufSerunkuma]

In less than five minutes, economist Dr Fred Muhumuza clinically dismantles our so-called devt schemes: PDM, Emyooga, NUSAF – all of them. He called them "political instruction" – not economics!

One is then forced to ask, who are the economists behind them?

https://t.co/nmZrRqxlc3

[Yusuf Serunkuma🌹 @YusufSerunkuma]

Here is how govt (esp @BOU_Official) forced Ugandans onto loan apps. And banks – thru absolute bad management – turn around, claim Ugandans are risky borrowers, and thereby levy extortionist interest rates on them.

Telecoms are having a field-day.

With economist, Dr Frederick Muhumuza

Full convo here: https://t.co/YrfNasB6oH

[Douglas Muhwezi @m99douglas]

https://t.co/5E6qeXe9f8

[Daily Monitor @DailyMonitor]

Tax red flags that will put businesses in trouble in 2026/27

URA has identified 22 compliance red flags as it intensifies data-driven enforcement, using digital systems, third-party data, and sector profiling to detect inconsistencies, close leakages, and improve tax collections https://t.co/ak4AJWaRed
#MonitorUpdates

[Mujuni Raymond @qataharraymond]

I’ll answer this fully;

As friends of the King we insisted the committee hear out the family of the King. They did. They have neither been shown his child, a picture of him, his lineage, his mother, his date of birth or evidence of his existence. We are hard pressed to continue

[Uganda Revenue Authority @URAuganda]

Get a copy of today's @DailyMonitor and read about the various compliance red flags that URA identified as it intensifies data-driven enforcement using digital systems.

Story is on pg. 12 & 13.

#URAPressScan
#FFeBanno

[KAA (Kampala Associated Advocates) @KAAdvocates]

TAX LAW CASE ALERT: Our latest Tax Alert examines Regal Paints Limited v Uganda Revenue Authority and highlights the Court’s key findings and practical implications for tax disputes relating to the functionality principle in tariff classification.

https://t.co/0v1dyni5vR

[Crazy Kennar @crazy_kennar]

STRUGGLES OF CO-PARENTING 😂😂😂😂😂😂 @Nikita_Kering

[Uganda Revenue Authority @URAuganda]

#URAPublicNotice

URA informs the public that its has commenced implementation of the Taxpayer Compliance Risk Management Strategy.

For more details, read 👇

#DevelopingUgandaTogether
#FFeBanno

[Chino @ChinoUTD]

🚨 Gary Neville on City’s goal against Manchester United:

🗣️ Neville: “Forget whether you think today’s goal should stand. My question is much simpler: are we going to use this decision again?

Because Enzo Fernandez is offside. He doesn’t touch the ball, fine. But Martinez knows he’s there. He’s trying to defend the cross with Enzo right beside him challenging for that space. That affects how he deals with the ball.

VAR have decided that isn’t enough. Okay. I’ve got no problem with that if that’s now the standard.

Write it down.

Because next weekend somebody will be standing offside, a defender will react to him, the ball will fall to another attacker and we’ll spend four minutes being shown seventeen different camera angles before somebody tells us he’s interfered with play.

And everyone watching today will say, ‘Hang on, what happened at Old Trafford?’

That’s my problem with these decisions. You don’t know whether you’re watching the rule or this week’s interpretation of the rule.

If Enzo hasn’t interfered today because he didn’t touch the football, brilliant. Keep that same energy.

I’m not asking VAR to apologise tomorrow.

I’m asking them to remember their own decision next Saturday.”

[KASUKU @Kasuku256]

Byantukako dda 😂😂😂😂

[Robert Kirunda @RKirunda]

The events after King Oyo’s passing teach us all vital lessons about power, impact, legacy, faith, family, human relationships, even basic decency. How could one man teach so much without having used so many words? May the gentle King rest in peace!