Friday 25 November 2011

Summer Grants for African students, Call for nominations

 HEA is a platform for young African social, business, and political entrepreneurs educated in leading colleges and universities in Asia, Europe, North America, and Africa.
In partnership with international corporations such as Intel, GlaxoSmithKline and Nestle, the Harambe Entrepreneur Alliance is providing summer grants to young African students and recent graduates with entrepreneurial initiatives in Africa. Thanks to the Tony Blair Foundation, HEA Associates also have access to internship opportunities in the office of the Presidents of Rwanda, Sierra Leone and Liberia, as well as a growing number of international and African companies.
If you have come across any young African students who can benefit from these opportunities and our mentorship program of established African professionals and entrepreneurs in Asia, Europe and North America, please enter their name and email address at healliance.org/nomination, or simply forward them this email. You may nominate as many students as you'd like.
Final selection will be made from a competitive pool of over 600 applicants, so your nomination will be an essential component of our decision-making process. Selected applicants will be invited to attend our 5th Annual Symposium at the Harvard Graduate School of Design, Yale, and Bretton Woods, taking place March 30-April 2, 2012.
To learn more about our Alliance, please feel free to read our recent CNN and University World News articles:
Thank you for your time.
Sincerely,
Stella Hope
Director of Admissions
Harambe | Entrepreneur | Alliance
www.healliance.org/hbws
recruit@healliance.org

Thursday 24 November 2011

URA wins tax case against Heritage Oil

By Emmanuel Gyezaho & Ephraim Kasozi

Uganda Revenue Authority has won a case against Heritage Oil and Gas Limited after the Tax Appeals Tribunal yesterday dismissed the oil company’s contest against paying capital gains tax to the tune of Shs 1.1trillion.

The three member panel dismissed with costs an appeal filed by Heritage Oil challenging the tax body’s decision to slap a $404million income tax assessment after the company sold its 50 per cent stake of exploration rights in Blocks 1 and 3A in the oil-rich Albertine Graben to Tullow Oil in January 2010 for a cool $1.5 billion.

Chairman Asa Mugenyi and members Stephen Akabway and Pius Bahemuka ruled in a judgement this newspaper has seen that Heritage Oil had “failed to satisfy” that URA’s income tax assessment was “excessive and or erroneous”, handing the oil company yet another legal defeat in its objection against paying capital gains tax.

Heritage lawyers requested the Tribunal in July to halt proceedings on grounds that the firm had already started an arbitration process in London over the tax dispute, an appeal that was also dismissed. The oil firm appealed that decision before the High Court in Kampala in September but failed to get a favourable decision.


HOPEFUL: URA Commissioner General Allen Kagina.

URA Commissioner General Allen Kagina expressed delight and said the ruling would have “a significant impact on the arbitration case in London.” “We have a favourable ruling here in Uganda on the same grounds that the London case was filed so I hope that London will uphold the same,” she told this newspaper yesterday.

Heritage Oil, however, said the proceeds it earned from the transaction with Tullow Oil were not taxable in Uganda. The firm also argued that the sale of assets took place outside Uganda, in the Channel Islands off the coast of France and that the company filed its tax returns in Mauritius.

The Tribunal disagreed, saying the oil fields were located in Uganda and that in order for the sale to go through, there was need to obtain consent from the Uganda of government.
“What was abroad were discussions and signing of documents but the income obtained from the sale of the applicant’s (Heritage) interest arose from activity based in Uganda,” noted the Tribunal. “Hence any income derived from the said activity is liable to taxation in Uganda.”

In August 2010, however, as Tullow Oil set sight on selling part of its interests to Total and China’s National Offshore Oil Corporation, agreed, on behalf of Heritage, to pay URA $121 million (Shs266b) and another $283 million (Shs622.6b) into an escrow account with Standard Chartered Bank in London, pending resolution of the tax dispute.

egyezaho@ug.nationmedia.com & keasozi@ug.nationmdia.com. Story first published by the Daily Monitor Newspaper, Thursday 24, November 2011. http://www.monitor.co.ug/News/National/-/688334/1278202/-/bgq382z/-/index.html

Wednesday 16 November 2011

There is more to being a journalist than writing a good story!


The pen may be a mightier tool than the sword, but not when we’re using it to lobotomize ourselves - Douglas Rushkoff.
By Moses Odokonyero

More than a decade ago, Teddy Ssezi Cheeye’s ‘atom splitting’ Uganda Confidential made a sudden U-turn and became a paper for ‘modernity’. But how did one of the most feared and resented government critics develop feet of clay? Were his soles cracking under the weight of pressure even before he threw in the towel? And who was exerting this pressure? These and more, are some of the questions that were ringing in many a reader’s mind.
But it wasn’t long before the answer came in. Uganda Confidential was a thin affair.  But after embracing modernity, the vociferous newsletter suddenly grew obese, and twice or thrice published as many as 100 pages, mostly adverts from government.  
To put it in perspective, let me state that ‘modernising’ Uganda was one of the reasons that Museveni cited in 1996 to justify why he thought he was best placed to continue as president.
I used to be an ardent reader of Andrew Mujuni Mwenda, the Managing Editor of the Independent magazine, as well as a fan of the writings of Charles Onyango Obbo, and Timothy Kalyegira. Mwenda while still at Makerere occasionally signed off his commentaries with ‘the writer is a student of contemporary politics’.
And it was Mwenda, then a firebrand, bullish, intelligent, confident know-it- all, who first raised the red flag about Cheeye’s abnormally obese newsletter with a screaming headling:‘Gov’t bribes the independent press,’ in The Monitor, now Daily Monitor. In that article, he questioned the logic of why government was spending millions of shillings advertising in a paper with such a low circulation, and concluded that the government was bribing Cheeye through adverts.
Before then, Mwenda and Cheeye had had a cat and mouse intellectual relationship, fighting several public battles on development economics, public policy and globalisation, among other topics.
In September this year, Cheeye lost his appeal in the Supreme Court and was carted back to Luzira to serve a ten-year prison sentence for causing a financial loss of 120 million shillings to the Global Fund. It was such a twist for a man who was once a fierce critic of corruption. Cheeye’s jailing deprived Mwenda of someone who had been a regular and willing sparring partner.
Coincidentally, Cheeye’s fall began about the same time that Mwenda’s was on the rise or fall (depending on who you ask).  In December 2007, the bohemian journalist launched The Independent. He said the magazine would be Uganda’s equivalent of The Economist (it has not lived to that billing but neither has it been a complete failure).
But now, Mwenda finds himself in the same situation that Cheeye found himself more than a decade ago.  The Independent gets millions in advertising deals from Rwanda just like the Uganda Confidential did from the Ugandan government after the owner embraced the NRM. So would Mwenda say that he has been bribed by Rwanda?
Responding recently to comments posted on the Uganda Journalists Facebook page about the numerous rumours against him, particularly the reasons why he did not publish the infamous oil documents when he claims he was the ‘first man’ in Uganda to receive the documents, Mwenda showed that a lot of water had flowed under the bridge since he accused Cheeye.
‘It is by balancing the conflicting interests of readers, advertisers, government and donors that a media house is able to survive. These pressures are not necessarily bad,’ he wrote.
‘If you lean too much on your advertisers or donors or government, you may lose your audience etc. Whether it is CNN, Sky or New York Times these challenges are delt(sic) with daily and independent and Mwenda therefore are not an exception,’ he added.
Andrew Mujuni Mwenda, Managing Editor, The Independent.
In July when the Daily Monitor run a story that Mwenda’s sister and former Kabarole Woman MP. Margaret Muhanga and Information Minister Karoro Okurut were involved in a shady land deal, Mwenda responded with fire on Capital FM by throwing spiked jabs at a top executive at the Namuwongo based media house. But the victim of his virulent attack did not respond to his accusations, not publicly atleast. Or if he did, then I missed it. It would have been different story, had it been with Cheeye. The debate would have rumbled on for weeks.
Often times, on radio, one may be tempted to think that when Mwenda is speaking he’s competing against himself to finish whatever he wants to say in the allotted time( this is not communication). The radio host has to constantly peg him back lest he takes charge of the studio.
This could perhaps be a small indication that Mwenda misses his mate Cheeye. Whenever I hear Mwenda on the radio, I draw a mental picture of a boxer eagerly itching for a fight but without a willing opponent; and so the boxer concludes that he is the best fighter.
But in Mwenda, media trainers and journalists have a positive example from which to learn; that writing good essays alone does not make one a good journalist. Journalists need a firm grasp of the content that the essays are supposed to convey. This is a key requirement in public affairs reporting.

The writer is a post graduate student, in the department of Journalism and Communication at Makerere University, Kampala, Uganda.