Phillip

I am not here to be serious!

[Phillip @philmutebi]

To whom this may concern: my twitter is not a true reflection of who I really am. Please ignore the nonsense on here, I’d forgotten!

[Phillip @philmutebi]

My brother just said if he didn’t switch from Don Julio to Ug Waragi - Arsenal would have won 😅😂😂😬 kyoka Arsenal fans

[Anthony Natif @TonyNatif]

Now that Mr Andrew Mwenda is done issuing a groveling, much needed apology to President @KagutaMuseveni; as well as telling us how he personally knows Bill Gates, Sergey Brin and Larry Page, can we try and understand that DEI Pharma thing using basic common sense?

First off; it appears that there’s general agreement that if Uganda wants to have regional industry leaders across different sectors, the state must have a hand and that this can’t be shrouded in mystery, backdoor dealings and corruption.

This is not up for debate.

With the foregoing, I’ll invite you to scrutinize these investments dispassionately.

I’ll start with DEI Pharma coz I’ve spent 20 years building in this space. I know it quite well.

From available information, the @GovUganda has invested 1 trillion shillings in the Matugga based pharmaceutical greenfield for a 9% stake.

This figure isn’t easily verifiable because a lot of the documents underpinning these public investments are nearly impossible to get. Even the LOP didn’t seem to know . A clear red flag. (See video in frame 1)

We rely on parliamentary committee clips and statements from people like @DrWakida who is the board chairman of that entity from which he solicits “friendly loans” in millions of dollars. But that’s a story for another day.

Going with the UGX 1 trillion shilling investment, Uganda is valuing this entity-by a guy whose entire experience in pharma manufacturing doesn’t go beyond failing at running a flour mill-at just under 3 Billion dollars.

For African comparison; Aspen Pharmacare Holdings Ltd, the South African conglomerate that’s the largest manufacturer in Africa, has a market cap of 3.6 Billion Dollars (see frame 2).

By local comparison, CIPLA-Quality Chemicals has a market cap of UGX 511 Billion or 132 million dollars (see frame 3).

At the time the government made that investment in DEI, the market cap of Cipla-QC was less than UGX 250 Billion.

In fact, back in 2023, an investment firm from Mauritius bought controlling stake for under $30 million (here: https://t.co/RULbhXYFTz)

Basically, the government values this DEI entity more than 25 times higher than a proven pharmaceutical manufacturer of global repute; one backed by the third largest pharmaceutical manufacturer in India; with a history going back nearly 100 years!

This is an entity run by a guy who lied to the country that he had found a cure for covid and embarrassed us to no end; a guy who seems to essentially buy publications and slaps his name on them; a guy severally accused of conning people in mineral deals (see frame 4 and other sources on request).

You don’t have to be a CFA, CPA, MBA or a finance genius to know that this is theft by valuation.

Mr Magoola, you might recall, said upon receipt of the first government investment that the company didn’t even need government money but nonetheless, it was going to pay it back in no time. Same company at the time that had its assets on auction for failure to service debt.

Same guy is said to be back for an additional 1.6 trillion shillings in government investment.

For this, he has piles of cassava in Kamuli and badly pronounced monoclonal antibody brands to show for our investment. (@ntvuganda did a recent piece on this.
You can find it here: https://t.co/qSPwiP7rOL)

If indeed the government was serious about growing the pharmaceutical industry, they could have spread this investment around into already existing industries and put in place some market protection measures. Putting all this cash in the hands of a man with at best, a dubious history of financial management and no discernible pharmaceutical manufacturing success is a risk at proportions that are hard to describe.

We have the example of Malta to show how smart investment in pharmaceutical technology/industry can actually drive economic growth.

Why don’t we take those examples instead of betting on snake-oil vendors?

How are these promoters chosen?

#DEIPharmaHeist

[Phillip @philmutebi]

UGARTE is the worst!

[Nini Dol @NiniDol_]

I'm disgustingly self aware… There's nothing you can tell me that I haven't spent weeks reflecting on.

[Moonshot @moonshot]

“why didn’t you buy bitcoin in 2012”

me in 2012:

[Julia Muhumuza @JuliaMuhumuza]

Polling Day!

[Julia Muhumuza @JuliaMuhumuza]

#6th Feb 2026 , leaving no youth behind

[Phillip @philmutebi]

AFCON is crazy - Senegal is def being robbed though

[͏͏͏𝐉𝐚𝐲 ⌖ 🇿🇦🇪🇸 @cagiago_]

Every home game when Ugarte has came off the bench, United have conceded within 5 minutes 😭😭😭😭😭

[Phillip @philmutebi]

EVERYTIME WE BRING ON UGARTE WE CONCEDE

[Phillip @philmutebi]

This man is mad and people don’t understand it

[TC @totalcristiano]

CRISTIANO RONALDO BICYCLE KICK GOAL! 🤯

[Lummy04🧊 @Biglummy100]

PS5 na aesthetics for house these days bruh, you fit no hold pad 4 months straight

[J @JBitature]

I’m at a turkish restaurant in Hoima asking for 3 shish tawouk wraps at midnight. With my specifications from dubai. Ths is a proper city.

[Yoweri K Museveni @KagutaMuseveni]

Congratulations to Quality Chemical Industries Limited on their 20th anniversary and the groundbreaking of their new 28,000-square-metre state-of-the-art manufacturing facility.

This milestone as we celebrate Uganda’s Independence is what the NRM has been talking about all this time. We must stop the hemorrhage of resources from our country. The money we spend on imports can build about 40 factories in Uganda and create over one million jobs.

We resolved that Uganda must produce its own essential HIV and Malaria vaccines and I am very happy to witness this vision being fulfilled. I congratulate them.

[Phillip @philmutebi]

Yamal is a genius- he won’t score as much as messi and Ronaldo but he’ll be in the GOAT debate

[Phillip @philmutebi]

Very happy for RASHFORD

[Phillip @philmutebi]

Working with projected revenues rather than when the money actually comes in! CASH is king!

[Nataliey Bitature @drtalieybita]

Most Ugandan startups don’t make it past 3 years. What’s the #1 thing a business owner should focus on to ensure survival?

[Phillip @philmutebi]

Yes he was - his father was very good friends with Sevo 😂

[J @JBitature]

Was Kim Jong Un really in Kitante primary school for a year? There’s someone here wasting my time

[Phillip @philmutebi]

Let’s put all the heads together and they all manage United

[ESPN UK @ESPNUK]

Ole Gunnar Solskjaer and José Mourinho have both been sacked from Turkish Super Lig clubs in the space of 24 hours 😮

[Phillip @philmutebi]

Do you know what it means for the opposition keeper to want you to win and you still lose??

@ManUtd sikusanga ewange

[Sky Sports Football @SkyFootball]

"I'm a Man United fan so I'm half fuming to be honest" 😂

Christy Pym and Charles Vernam react to a historic win for Grimsby Town 😍