Day

www.mknewslink.com
In Kampala

Dr. Steven Kaziimba Mugalu has officially been confirmed as the ninth Archbishop of the Province of the Church of Uganda.
On Sunday, the Anglican faithful witnessed Kaziimba’s enthronement at a function held at St Paul’s Cathedral; Namirembe presided over by the Rt Rev Jackson Nzerebende Tembo, the Dean of the Province, who is the longest-serving bishop.
He later took an oath on which he promised to show himself as an example of Christ to the flock of God.
Speaking at the function, President Museveni who was chief guest hailed Kaziimba for leaving a mark wherever he has served and tipped him to succeed at the helm of the Anglican Church in Uganda.
“Kaziimba transformed Mityana diocese and I can be a witness. I want to see him transform the Church of Uganda,” Museveni said.
Museveni reminded Ugandans of the deadly Coronavirus disease that should be guarded against by everyone.
In his inaugural speech, the new Archbishop said he is what he is now because of God and promised to always serve Him.
“I thank God who called me from nothing to somebody. I am what I am because of God,” he said.
The new Archbishop said he will work tooth and nail to fulfill the Anglican Church of Uganda’s vision 2025 as one of the ways to develop the church.
“I want to focus on making Christ known by everyone. I am standing on shoulders of great men before me who wished the vision to be successful,” Kaziimba said.
He, however, vowed he will not be a party to growing trends in some churches including homosexuality that he said are condemned by God.
“I will together with my family serve only God. There are different pressures but we will not accept homosexuality.”
The new Archbishop insisted under his tenure the Anglican Church will not allow legalizing of abortion but also say no to sexuality education as proposed by the government.
He insisted he will ensure the Church of Uganda makes greater strides forward in spreading the word of God and converting people to turn to God.
Kaziimba was elected Archbishop last year to replace Stanley Ntagali whose tenure ended this year
According to the Church of Uganda constitution, the Archbishop can serve for only 10 years or leaves upon clocking 65 years.
Ntagali has served for only seven and a half years because he was elected and enthroned as Archbishop on December 16, 2012, at the age of 57 and turned 65, the mandatory retirement age today, March 1, 2020.
Past Archbishops
1. Leslie Brown, a British missionary and was the first Archbishop of Uganda, Rwanda, Burundi, and Boga-Zaire (1961-1966)
2. Erica Sabiti (1966 – 1974)
3. Janani Luwum (1974 – 1977)
4. Silvanus Wani (1977 – 1983). In 1980, Rwanda, Burundi, and Boga-Zaire became a separate, Francophone Province, and Uganda became its own Province.
5. Yona Okoth (1983 – 1995)
6. Livingstone Mpalanyi-Nkoyoyo (1995 – 2004)
7. Henry Luke Orombi (2004 – 2012)
8. Stanley Ntagali (2012-2020)
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Email: wmuhwezi75@gmail.com
Tel: +256702680106

By our reporter
www.mknewslink.com
In Kampala

Disgraced former Bank of Uganda Deputy Governor Louis Kasekende’s tumble from the top echelons of the banking sector to a troubled man was always a matter of when and not if, going by the manner in which he handled affairs at the central bank.
Under the tumultuous reign of Kasekende, the central bank dubiously closed four banks, with all the closures directly linked to the Deputy Governor.
Between 1999-2002 when Kasekende first served as Deputy Governor, Bank of Uganda controversially closed Greenland Bank and The Co-operative Bank, actions that sent the economy into tailspin as the two banks were critical to the sector then.
It is important to note that when Kasekende was first fired from the central bank in 2002, no commercial bank was closed up to 2010 when the bespectacled economist found his way back at the central bank through the back door.
When Kasekende came back as Deputy Governor in 2010, three banks were closed in a period of six years.
In 10 years as Deputy Governor between 2010-2020, Kasekende presided over the closures of National Bank of Commerce (2012), Global Trust Bank (2014) and Crane Bank Ltd (CBL) in 2016.
The closure and sale of Crane Bank to DFCU was the final nail in the coffin for Kasekende as separate audits by Parliament, the Inspectorate of Government and State House squarely laid the blame over the closure of the then largest commercial bank in the country at the feet of Kasekende.
As unanswered questions over the illegal closure of Crane Bank swirled in 2018, a furious President Museveni summoned BoU officials led by Kasekende, to explain why a commercial bank with a clean bill of health like Crane Bank would suddenly-and inexplicably, be in turmoil.
During the meeting at State House Entebbe, an agitated Museveni asked Kasekende to explain how Crane Bank, with a paid-up capital of Shs 210bn, almost ten times the BoU Minimum Capital Bank requirement of Shs 25bn, would be in trouble. Kasekende and his team had no ready answers.
The President also quizzed Kasekende over how Crane Bank, with a portfolio of 500,000 customers, the biggest market share in the banking industry then, would be in dire straits. Again, Kasekende had no response.
To compound Kasekende’s troubles, the President further interrogated him regarding dubious transactions that had been made under his name.
Kasekende was asked regarding a $1m (about Shs3.7b)transfer to his wife- Ms Edith Kasekende’s account by a Chinese firm, Shs1.9b from MMAKS Advocates and $71,000 (Shs262 million) that was wired to Kasekende’s account by Tororo District Local Government. Still, he had no answers.
Multiple sources that attended that meeting-from BoU and Ministry of Finance, told this website that Kasekende was inconsolably distraught and left State House cocksure that his scandal-ridden tenure at the central bank had come to an end.
In a last-ditch attempt to save his position and somehow either secure a contract extension or join the race to replace Emmanuel Mutebile as Governor, Kasekende secured the services of the Catholic Church and some officials in Mengo to help him with the lobbying.
However, senior clerics from the Catholic Church and Mengo failed to secure an appointment with President Museveni on several occasions, leaving Kasekende with no option but to disgracefully bow out of the Central Bank.
With all options of securing a contract extension hitting a dead hit, the tainted Kasekende resigned to his fate and wrote a letter on January 19th, thanking the President for appointing him to the position and bade farewell to the central bank staff.

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Email: wmuhwezi75@gmail.com
Tel: +256702680106