Italian Money Laundering firm which NRM Government gave Uganda's exclusive monopoly over coffee has 2 employees, no shareholders.

There are no particulars of the shareholders of Uganda Vinci Coffee Company (UVCC), the firm at the center of the coffee deal saga, reports Saturday Monitor.

The report said there is no name or details other than those of Matovu, the company secretary and Enrica Pinetti, the director.

The company, in February this year, entered a coffee processing agreement it entered into with the Government of Uganda (GoU).

According to documents quoted by Monitor, UVCC—which registered on January 9, 2014—is owned by four individuals and one firm (Hawk Limited).

All owners have registered addresses in the United Arab Emirates (UAE), a flourishing tax haven.

They include; Ahmed Ahmed Sultan Ismail and Hisham Ahmed Sultan Ismail both of whom have equal shares of 10, and are registered on address P.O.Box 118508, Dubai UAE.

Others are; Abu Dhabi-based—Ibrahim Elias Salloum and Hadi Elias Salloum of P.O.Box. 46527—who also have an equal share holding of 10.

Hawk Limited—with 960 shares to its name—is registered on P.O.Box 58562, Dubai, UAE.

The newspaper said information about the quartet—including investment portfolios—oscillates between scanty and non-existent.

Enrica Pinetti, who witnessed the coffee processing agreement in February, is registered as a single director.

The Italian also doubles as chairperson of the company, whose board comprises five slots, including the vice-chairperson, secretary and two members.

Pinetti witnessed the agreement together with UVCC’s company secretary, Moses Matovu; and Ramathan Ggoobi, the Secretary to the Treasury while Finance minister Matia Kasaija signed on behalf of GoU.

The controversial agreement offers UVCC a 10-year tax holiday, waivers on power tariffs and constant water supply, among others.

Kasaija and Pinetti show off the coffee deal after signing

Documents quoted by Saturday Monitor indicate that UVCC opened an account in a Ugandan commercial bank following a board resolution on November 25, 2019.

Ahmed Ahmed Sultan Ismail and Hisham Ahmed Sultan Ismail were the authorised signatories, while Reddy Vuyyuru and Simanone Palmiere are the banking agents.

Earlier on November 9, 2019, another resolution unanimously agreed that two accounts in Uganda and US currencies be opened.

Pinetti is one of the three signatories, including Sultan Ismail and Hisham Ahmed Sultan Ismail.

The company form indicates that the particulars of the shareholders are empty except the two names of the secretary (Matovu) and director (Pinetti).

On Form A2 that declares compliance, lawyer David Mpanga of P.O. Box 9566, Kampala and Kampala Associated Advocates, signed and swore that all requirements to register a company in Uganda had been fulfilled.

The document bears the stamp of Sam Mayanja of KAA, who is also the current junior Lands minister.

Source: http://dlvr.it/SP8KJX

Comments

We Bring You Brief Series of Sanctions Against Uganda Government Officials.

📸: Gen Abel Kandiho. On 9-December-2021, USA slapped sanctions against the then CMI Commander Gen Abel Kandiho. 📸: Gen Kale Kayihura. On 9-December-2022, UK slapped sanctions against former Police Boss Gen Kale Kayihura. 📸: Commissioner General of Prisons, Johnson Byabashaija. Again on this 4-December-2023, the same USA has slapped sanctions against Uganda Prisons Commander Johnson Byabashaija over alleged torture and human rights abuses in Prisons across Uganda. We ask, has USA and UK made December as an LCM to slap sanctions against high ranking government officials in Uganda even when the sanctions just remain on paper without deeper investigations to ascertain logical conclusions or remedy to that effect ?. #iip_updates #Information_is_Power #we_inform_the_uninformed

How to Host a Website for Free From Your PC or Laptop.

Why pay for a web hosting service when your old computer can do the same thing? Learn how to self-host your site. If you're planning to launch a website but don't want to pay recurring monthly or annual hosting fees, you can use any old laptop or desktop PC to host a website for free. It's a great way to utilize your old system instead of throwing it away. In this guide, we will install and set up services on our 10-year-old laptop to host a WordPress, Joomla, or custom HTML or PHP-based website with a free SSL certificate. MAKEUSEOF VIDEO OF THE DAY Things You Will Need to Host a Website Following are the pre-requisites to host a website for free from home with just your computer: An old laptop or PC running Ubuntu Server. A registered domain name for your website Ethernet cable to connect the laptop or PC to router for reliable and fast connection Step 1: Update and Upgrade the Packages After installing Ubuntu Server on your computer , execute the following c

WHERE IS MINISTER OF SEX SIMON LOKODO?. (He deserves a battle of soda from me! Ministe`r esalanga mabee. He is quick to run after Mrs Dr Stella Nyanzi and other Opposition elements. Government aza aza edo zuu vaa kpere bua). Anyway, below is the article! POLICE OFFICER AKOL ESTHER CHARGED OF BEING A PUBLIC NUISANCE Naughty Officer Officer who embarrassed police after leaking nude photo charged 13.03.2018 She serves in the 'Very Important Persons Protection Unit' Akol Esther (Courtesy) A female police officer whose nude photo surfaced on social media has been charged of being a public nuisance. Akol Esther serves in the Very Important Persons Protection Unit (VIPPU) of the police force. Kampala Metropolitan Police spokesperson Luke Owoyesigire says Akol Esther might be demoted or expelled from the police force if found guilty of circulating nude photos. Police court is yet to announce date when Akol Esther is expected to appear for a hearing. This comes at a time when Pornography Control Committee is taking tough measures against persons circulating pornography content. The committee warned and promised to arrest persons who will circulate pornographic content.

POLICE OFFICER AKOL ESTHER CHARGED OF BEING A PUBLIC NUISANCE Naughty Officer Officer who embarrassed police after leaking nude photo charged 13.03.2018 She serves in the 'Very Important Persons Protection Unit' Akol Esther (Courtesy) A female police officer whose nude photo surfaced on social media has been charged of being a public nuisance. Akol Esther serves in the Very Important Persons Protection Unit (VIPPU) of the police force. Kampala Metropolitan Police spokesperson Luke Owoyesigire says Akol Esther might be demoted or expelled from the police force if found guilty of circulating nude photos . Police court is yet to announce date when Akol Esther is expected to appear for a hearing. This comes at a time when Pornography Control Committee is taking tough measures against persons circulating pornography content. The committee warned and promised to arrest persons who will circulate pornographic content.

Osuta Yusuf

Search This Blog