PRESIDENT MUSEVENI UNVEILS NATIONAL DEVELOPMENT PLAN (NDP-IV)
Pamela Mbabazi, National Planning Authority (GOU) | Uganda reaches historic milestone on our journey towards sustainable socio-economic transformation.
Yesterday at Kololo, His Excellency the President launched Uganda's National Development Plan 4 (NDP 4)-a visionary blueprint to shape a resilient, inclusive, and prosperous nation. This plan encapsulates our collective aspirations: fostering inclusive growth, accelerating industrialization and value addition, enhancing infrastructure, and prioritizing health, education, employment creation and environmental sustainability.
The core vision of NDP 4 is to position Uganda as a middle-income economy-driven by diversification, technological innovation, and social equity. It aims to unlock the potential of every Ugandan, ensuring quality of life for all and creating a foundation for sustainable development that benefits current and future generations. Rooted in integrity, unity, and divine guidance, this transformative plan is a call to action for us all.
Key pillars include:
1. Economic Diversification; Moving beyond reliance on traditional sectors to build resilience through Value Addition.
2. Technological Innovation & Digital Transformation; Leveraging science and technology to leapfrog development stages.
3. Social Transformation; Ensuring accessible, quality healthcare, education, and social services.
4. Infrastructure Development; Upgrading roads, energy, and urban planning to support industrial growth and youth employment. 5. Environmental Sustainability; Safeguarding our natural resources for future generations.
As Ugandans, it is our sacred duty to rally behind this vision with purpose, integrity, and determination. Together, through collective effort and unwavering commitment, we can unlock Uganda's potential-driving double-digit growth and elevating our nation's standing on the global stage-all for the glory of God.
Let us turn this bold vision into tangible reality. The best days of Uganda are still ahead.
REPOSITORY/SUPPLEMENT
PARIS-2024 – O-SERIES
TENETS OF TRUST LEGACY
GLOBALSOUTHALERT – EUROPE – #04: |O| #BANK STANDS TO LOOSE FOR FAILURE TO KEEP PROPER RECORD OF CUSTOMER ACCOUNT TRANSACTIONS – "Any bank which fails to keep proper records of accounts cannot sustain an ascertainable claim against a customer. ( See: Ezekiel Osugo Angwenyi & Another Vs. National Industrial Credit Bank Limited (2007) eKLR ]"
In Excellent Assorted Manufacturers Ltd & Anor Vs DFCU Bank Limited & Anor, Pg 81, Hon. Mr. Justice Boniface Wamala had the following important observation on that point as cited below:
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"It appears to me that the use of the URA receipt to explain this transaction is an attempt by the 1st Defendant to use any available documents that appear to be proximate in time to explain certain transactions even when there is no nexus between the documents. I find this trend unacceptable. Simply because a payment was done around the time the queried transaction was effected cannot be used as evidence to explain the query. Relying on a decision to which this court was referred by Counsel for the Plaintiffs, I agree that a Court of law cannot determine issues of accounts based on guesswork.
GLOBALSOUTHALERT – NORTH AMERICA – #05:|O| #LESSEE (#BANK/END-USER) PRECLUDED FROM PASSING TITLE TO A THIRD PARTY WITHOUT PRIOR WRITTEN CONSENT FROM #LESSOR/ (#TRUSTEE/ OWNER) – Meera Investments Limited Vs DFCU Bank Limited & Anor, Civil Suit 948 of 2017 [2023] UGHCLD 340 (20th October 2023), Before: Hon. Mr. Justice Tadeo Asiimwe, CLICK LINK FOR DETAILS =>> : https://lnkd.in/eRHFGGPt
Extract:
James Magode Ikuya Vs Londa Mbarak Abdullah (HCT-04-CV-CA 87 of 2012 [2015] UGHC
"the lessee shall not without the consent of the lessor in writing deal in any way with his/her interest in the land before the lease is extended to the full term of 49 years. Paragraph 3 of the said lease provides for the need for a consent to "transfer". The lease concluded a sale and transfer of the leasehold land without seeking and obtaining the requisite consent." – Hon. Mr. Justice Henry I. Kawesi
RELATED UNITED STATES (USA) PRECEDENT:
Extract:
Cooperider Vs. Myre, 37 Ohio App. 502, 505, 175 N.E. 235, 236 (1930)
"It is no doubt true that possession of personal property is some evidence of ownership, and may be sufficient in a given case to protect one dealing with the property as that of possessor. But mere possession, unaccompanied by other circumstances giving it a specific character or creating an estoppel, is not such evidence of ownership as to prevail against the true owner, except in case of negotiable instruments, mortgaged chattel property, or that sold under conditional sales agreements."
"The rule that one cannot be divested of his property without his consent, and the principle that one cannot possess or convey a greater title than he himself has, controls all questions arising as to personal property attempted to be transferred or as to lien created thereon. The effect of possession as evidence of ownership is subordinate to these principles, save in exceptions noted. The mere fact of one putting property into the charge or custody of another does not divest the possession of the true owner; the legal possession still remains in the owner, for the agent, bailee or lessee thereof can have no greater title than his grant provides." — Repository Citation: https://lnkd.in/e2R5fZUv
#TrustLawAlert : RENTAL CAR — ASSET BACKED SECURITY (ABS) TRANSACTION
"Most rental car fleet transactions are structured as a true lease (operating lease). In a true lease transaction, the vehicles are titled in the name of the Special Purpose Entity (SPE) with the Indenture Trustee/Custodian named as lienholder on the certificate of title. This will enable the transaction to be structured to be bankruptcy remote so that the fleet of assets can be liquidated in the event of a bankruptcy of the rental car company without a competing claim being made. on behalf of the bankrupt party's creditors." — https://lnkd.in/etmFKd-i
GLOBALSOUTHALERT – SOUTH AMERICA – #06 |O| HUMONGOUS LIQUIDITY TURNOVER : TRUST/FIDUCIARY PATIENT CAPITAL HANDSHAKE WITH ONE OR MORE BORROWER INTERMEDIARY/IES BOOSTS PLOUGHED BACK EARNINGS FOR PARTICIPATING FINANCIAL INSTITUTION/S ( TYPICALLY ONE OR MORE COMMERCIAL BANK/S). For Exhibit (1) [ Mortgage Backed Security (MBS) ] , Please Visit: Fannie Mae : Financial Reports – FY 2021 | For Exhibit (2) [Asset Backed Security (ABS) ] ; Please Visit : Ford Variable Funding Note Prospectus, June 26, 2009 |
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