March 2026 - The Money Chats

Friday, March 6, 2026

Entrepreneur Vasundhara Oswal Files Human Rights Petition Against Senior Government Officials

March 06, 2026 0
Entrepreneur Vasundhara Oswal Files Human Rights Petition Against Senior Government Officials
Entrepreneur Vasundhara Oswal Files Human Rights Petition Against Senior Government Officials Entrepreneur Vasundhara Oswal, Executive Director of Oswal Group Global and a leading investor in Uganda’s biofuel sector, has filed a human rights petition at the High Court of Uganda accusing senior security and prosecutorial officials of arbitrary arrest, illegal detention and inhumane treatment. The petition arises from events in October 2024, when Ms Oswal—then 26 years old—was arrested and detained for 21 days despite what her legal team says was a lack of evidence and the existence of a court release order. Now 27, the European citizen of Indian origin argues that the case represents not only a personal injustice but also a broader test of Uganda’s commitment to constitutionalism, judicial independence and investor protection. The petition names several high-ranking officials, including Assistant Inspector General of Police and Interpol Director Joseph Obwona; former Commissioner of Police for Interpol Allison Agaba; Joseph Kyomuhendo, Head of the Human Trafficking Division in the Office of the Director of Public Prosecutions (DPP); and police detective Thomas Bbale, who was the investigating officer in the matter. It also cites Annette Karungi of the Criminal Investigations Directorate and Santosh Dwibhashi, a former employee alleged to have orchestrated what the petition describes as an extortion scheme. According to the court filings, Ms Oswal alleges she was imprisoned without lawful basis and subjected to degrading treatment while in custody. She claims she was denied medication, restricted from accessing her legal team and deprived of basic necessities such as food, water and hygiene facilities. The petition further alleges that her family was subjected to extortion attempts during the period of detention. Her lawyers argue that these actions violated Article 23 of Uganda’s Constitution, which protects against unlawful detention, and Article 24, which prohibits cruel, inhuman and degrading treatment. They also cite violations of Article 9 of the International Covenant on Civil and Political Rights (ICCPR). In addition, the petition claims that jewellery and bond money amounting to $200,000 (Shs780 million) were unlawfully seized and remain unreturned despite repeated requests to the DPP’s office. The Oswal family has also petitioned the United Nations Working Group on Arbitrary Detention to review Uganda’s handling of the case and to call for accountability for officials involved. In a statement, international law firm Volterra Fietta, acting for the family, described the case as “an egregious breach of both Ugandan legislation and international human rights law,” adding that the petition seeks justice, accountability and systemic reform to ensure that similar abuses do not recur. Ms Oswal maintains that the legal action is not meant to undermine Uganda’s institutions but to reinforce them. She says the case will demonstrate whether the country’s justice system can hold individuals accountable while safeguarding the rights of both citizens and foreign investors. Despite the ordeal, she reaffirmed her commitment to Uganda’s industrialisation and renewable energy agenda through PRO Industries, one of East Africa’s largest bioethanol production facilities. She warned that unresolved allegations of rights abuses could weaken investor confidence and send negative signals to the global business community. At the same time, Ms Oswal expressed gratitude to President Yoweri Museveni for his continued support of Uganda’s industrial development, noting his visit to the PRO Industries plant in late 2025. She said she remains confident that Uganda’s judiciary will uphold the rule of law and ensure that justice is served. The High Court is expected to set timelines for hearing the petition in a case likely to draw significant attention from human rights advocates and the international investment community.

SAVINGS; ROAD TO FINANCIAL FREEDOM

March 06, 2026 0
SAVINGS; ROAD TO FINANCIAL FREEDOM




By Krantz Mwantepele,

Don't believe all the bad information and myths regarding saving money, and don’t let false information keep you from achieving your financial goals. One of the common myths about saving money is that it takes too long to save. In a way, you have to see riches (the life you desire) in your mind and believe it wholeheartedly before it can be manifested, in the physical realm.

Saving money can be likened to a magic show: Be part of the change and start living your dream. You can read my previous post   Unnecessary Wastes of Money You Don’t Think About  where   I elaborated on different setbacks that I face while saving money and. In this article, I will discuss some of the smart ways I save money.
Home-cooked meals are fast, easy and surprisingly cheap. I try different recipes that I find online and I make sure I always use all the food I have in my fridge. Often, I cook enough food to last a few days and use leftovers for lunch that I take to work. Eating at my desk can save me more than $100 a month.

I also feel better about my monthly utility bills, and the environment, when I take small steps to cut energy use. I started by replacing my incandescent light bulbs with compact fluorescents. Though compact fluorescents cost more at the store, they don't need to be replaced frequently and can save my household hundreds of dollars over their life spans.

It pays to educate myself so that I can make informed decisions about budgeting, investing, and other aspects of my finances. Simple steps like automating my bill payments have helped me avoid late fees and damage to my credit score. I have learnt that when I started cataloging every expense I incur in an average week, I eventually know exactly where my money goes. The results can be surprising. Something else I came across recently was the Barclays Savings calculator, it helps you figure out how to save over a period of time in order to reach your goal.

Although saving money is serious stuff, I can still have fun on a tight budget. I used to rent movies and watch on the couch with friends or loved ones, and get inexpensive, designer-like clothing worth bragging about. When traveling, picnic lunches can be fun and tasty, and if your sense of adventure dictates a vacation abroad, look a little farther afield, to where you will use your money better.

When it comes to my car, I make sure I fix serious maintenance issues quickly. This improves my gas mileage by as much as 40 percent. Becoming a better driver can help you save money, too. Smooth braking and acceleration will improve your mileage and keep money in your wallet.

The Barclays Savings Challenge has helped me see this journey of saving money as fun. Previously, I used to save less, or sometimes nothing at all. Up to now I succeed to save almost 2000 USD over the last four months and I plan to invest in my startup companies and for family vacation at the end of this year.#AfricaSaves
Nowadays money can get you anything, but I always ensure that I make smart and informed choices when spending money, like comparing prices and all, with my savings plan  I suggest that you think on what to do about saving your income and don’t forget to follow me on my savings journey.


This is third article in a series of sponsored posts for the Barclays Savings Campaign. Follow the discussion on Twitter and Facebook and share your own experience by using the hashtag#AfricaSaves. Visit the https://goo.gl/bF2qzJ   for useful savings tools and tips.
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EARN MORE, SAVE MORE,SPEND LESS

March 06, 2026 0
EARN MORE, SAVE MORE,SPEND LESS


By Krantz Mwantepele
On the journey to become richer, there is theory: earn more, save more and spend less. But in practice, it's harder than it sounds.To combat the weakness so many of us feel when it comes to saving money, I will help you with some tricks to overcome those roadblocks in financial planning. This is a continuation of my last post,SAVING FOR A BETTER FUTURE.
The popular image of people who don’t save for the future is that they lack self-control. But, the reason saving is hard is less about self-control and more about a scarcity of attention.
If you have urgent current expenses to cover, then future priorities like college and retirement fall off your radar because they are simply less pressing.When saving is so hard, how can you get better at it?People think saving is difficult because they think it requires a heroic tightening of your budget. In reality, you can make a big dent with automation and by capitalizing on a few opportunities requiring self-control.
For example, I have a healthy savings rate. But I don’t consciously save anything. I just have a chunk of every paycheck go straight to a savings account. With the money I get, I actually spend money without any planning 
I overcame my scarcity of foresight by setting up this system. It’s like jumping into a pool: You just have to steel yourself and do it once, and you get benefits going forward. The ability to save automatically is among the most powerful tools available to us.
Have you noticed that your money just isn't stretching as far as it used to? Well, you're not alone. With the prices of oil and gas soaring, credit card debt increasing and adjustable rate mortgages fluctuating, a lot of people are feeling the pinch. But there are smart ways to cope. By modestly reigning in whatyou are spending and reviewing your monthly bills, you can end up with hundreds, if not thousands, of extra dollars in your pocket this year. Follow these money-saving tips and you'll be well on your way.
Save money every day. Learn how to budget and stand on your own independent feet. 
                                                                                                                              
This is second article in a series of sponsored posts for the Barclays Savings Challenge. Follow the discussion on Twitter and Facebook and share your own experience by using the hashtag #AfricaSaves. Visit the Barclays website for more information about their savings account.

Shilingi Milioni 40 kushindaniwa CRDB Bank Taifa Cup 2021

March 06, 2026 0
Shilingi Milioni 40 kushindaniwa CRDB Bank Taifa Cup 2021
Dar es Salaam 7 Oktoba 2021 – Timu 32 za mikoa za mpira wa kikapu zinatarajiwa kuchuana vikali katika mashindano ya mpira wa kikapu “CRDB Bank Taifa Cup” yanayotarajiwa kufanyika katika viwanja vya Chinangali jijini Dodoma kuanzia tarehe 5 hadi 14 Novemba 2021 ambapo jumla ya zawadi za shilingi milioni 29 zitashindaniwa.

Akitangaza zawadi hizo, Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela alisema kuongezeka kwa zawadi katika CRDB Bank Taifa Cup mwaka huu kunatokana na kuongeza udhamini wa Benki hiyo katika mashindano hayo kufikia shilingi milioni 300. “Tumeona tuongeze zawadi mwaka huu ili kuongeza ushindani kwa timu na vijana watakaoshiriki. Tunaamini kuongezeka kwa zawadi kutakuwa na motisha kwa vijana kuonyesha vipaji vyao.”
Nsekela alisema Benki ya CRDB imeendelea na uamuzi wake wa kudhamini ligi hiyo ya taifa ya mpira wa kikapu kwa mara ya pili mfululizo ikiwa ni sehemu ya jitihada za benki hiyo kuwawezesha vijana wa Kitanzania kupitia michezo. Aliongeza kuwa Benki ya CRDB kupitia Sera yake ya Uwekezaji katika Jamii (CSI Policy) imekuwa ikiwekeza katika michezo ya vijana kwa kuamini kuwa inasaidia kuongeza ushiriki wao katika shughuli mbalimbali za maendeleo katika jamii.

Mgeni rasmi katika hafla ya uzinduzi wa CRDB Bank Taifa Cup 2021, Naibu Spika wa Bunge la Jumhuri ya Muungano wa Tanzania, Dkt. Tulia Ackson aliipongeza Benki ya CRDB kwa kuendelea kuwa mstari wa mbele katika kusaidia jitihada za serikali kuendeleza michezo nchini. Dkt. Tulia alisema Serikali ya Awamu ya Sita inayoongozwa na Rais Samia Suluhu Hassan imeweka kipaumbele kikubwa katika michezo kwa kutambua fursa za kiuchumi zinazotokana na sekta hiyo.
“Niwapongeze pia kwa kuona umuhimu wa kuongeza timu za wanawake zinazoshiriki CRDB Bank Taifa Cup mwaka huu kufikia 16. Kwa miaka mingi ushiriki wa wanawake katika michezo huu umekuwa chini ikilinganishwa na wavulana. CRDB Bank Taifa Cup inakwenda kubadilisha sura hii na kuwapa nguvu wasichana wote wanaotamani kushiriki katika mpira wa kikapu,” alisema Dkt. Tulia.
Dkt. Tulia pia alizipongeza kampuni na taasisi za GSM, Sanlam, Azam, PSSF, Tulia Trust na Chuo Kikuu cha Dodoma (UDOM) kwa kuungana na Benki ya CRDB kusaidia kuandaa mashindano hayo ambayo yamepewa kaulimbiu ya “Ni Zaidi ya Game, Ni Maisha,” ikionyesha namna ambavyo mpira wa kikapu unavyoweza kutumika kutengeneza fursa za ajira kwa vijana na kuwawezesha kiuchumi.

Kwa upande wake Rais wa Shirikisho la Mpira wa Kikapu Tanzania(TBF), Phares Magesa aliishukuru Benki ya CRDB kwa kuendelea na udhamini wa ligi hiyo huku akibainisha kuwa udhamini wa Benki hiyo kubwa hapa nchini umesaidia kuongeza hamasa na mapenzi ya mpira wa kikapu kwa vijana kama ilivyo kwa mpira wa miguu na michezo mingine.
Phares alimueleza Dkt. Tulia kuwa mbali na udhamini unaotolewa na Benki ya CRDB, benki hiyo imekuwa ikishiriki katika kila hatua kuhakikisha mashindano hayo yanafakiwa ikiwamo na kusaidia kushawi taasisi nyengine kushiriki kufanikisha mashindano hayo. “Tunapowapongeza GSM, Sanlam, Azam, PSSF, Tulia Trust na Chuo Kikuu cha Dodoma (UDOM) kwa kudhamini mashindano haya tuwapongeze Benki ya CRDB mara mbili kwa kuwashawishi kushirikiana nasi.”

Naye Msimamizi wa vipindi vya michezo Azam TV, Michael Maluwe amewataka Watanzania kuanza kufuatilia CRDB Bank Taifa Cup 2021 kupitia chaneli ya michezo ya Azam Sports 2, ambapo kimeanzishwa kipindi maalum kuelekea mashindano hayo ya mpira wa kikapu. “Azam TV itaweka kambi Dodoma kuwaletea burudani Watanzania wote kuelekea mashindano haya, niwakaribishe Watanzania tujiunge na Azam TV ili kuwashangilia vijana wetu,” alisema Maluwe.

Mashindano ya CRDB Bank Taifa Cup mwaka jana yalifanyika mkoa wa Dodoma katika viwanja vya Chinangali na uwanja wa Jamhuri ambapo vijana 900 kutoka kutoka mikoa yote Tanzania bara na visiwani walishiriki. Katika mashindano hayo timu ya mpira wa kikapu ya mkoa wa Mbeya iliibuka mshindi katika michuano hiyo.
Naibu Spika wa Bunge la Tanzania, Dkt. Tulia Ackson akirusha mpira golini kuashiria uzinduzi wa mashindano ya CRDB Bank Taifa Cup 2021, yanayotarajiwa kuanza Novemba 5, kwenye viwanja vya Chinangali, jijini Dodoma, Uzindizi huo umefanyika leo kwenye hoteli ya Serena jijini Dar es salaam. Wanaoshuhudia pichani kutoka kushoto ni Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela, Afisa Biashara Mkuu wa GSM, Allan Chonjo, Rais wa Shirikisho la Mpira wa Kikapu Tanzania, Phares Magesa na Mwenyekiti wa CRDB Bank Foundation, Martin Warioba. Picha zote na Othman Michuzi.
Naibu Spika wa Bunge la Tanzania, Dkt. Tulia Ackson (katikati) akiwa pamoja na Mkurugenzi Mtendaji wa Benki ya CRDB, Abdulmajid Nsekela (wapili kushoto), Afisa Biashara Mkuu wa GSM, Allan Chonjo (wakwanza kushoto), Rais wa Shirikisho la Mpira wa Kikapu Tanzania, Phares Magesa (wapili kulia) na Mwenyekiti wa CRDB Bank Foundation, Martin Warioba (wakwanza kulia) wakiwa wameshikilia mpira wakati wa uzinduzi wa mashindano ya CRDB Bank Taifa Cup 2021, yanayotarajiwa kuanza Novemba 5, kwenye viwanja vya Chinangali, jijini Dodoma, Uzindizi huo umefanyika leo kwenye hoteli ya Serena jijini Dar es salaam.













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