On the 4th September 2025, HE Kaguta Museveni met officials (Mr Mugabi Charles and Ms Alexandria Judith) from a company named Base Seven. According to the president, they claimed that they were investors intending to build an international airport with a 5.5 km runway that would ease the cost of doing business between Africa and Asia, and also divert half of the world’s air traffic to Uganda. The president, in his wisdom, as a guerrilla man, accepted but activated his intelligence and the Prime Minister Hon Robinah Nabanjja to do due diligence on this company. At the time of publishing this article, this is what has been discovered so far;
According to the Financial Intelligence Authority of Uganda, the company got some SAR (suspicious activity reports) after a colossal deposit of €40 million from Union Bank of Switzerland into its Ecobank account in February 2025, and the sender “Black Rock Uwakeza Limited” of London was unverifiable. After failing to explain the relationship with the sender and the purpose of the money,
the Financial Intelligence Authority flagged this company. The recipients, Black Soil Capital Ltd, after consulting a few mafias from town on how they could withdraw this money, decided to rename themselves as “Black Rock” and “Base Seven Company”-entities which are not related to BlackRock, Inc., which was registered in 1988 in the USA. The Black Rock in Uganda was registered on 24th May 2022 with an idea to develop an “international airport”, and use this as an explanation for the €40m, as intended for feasibility studies and preparatory expenses for Nyakisharara. Armed with that story and a new name, “Base Seven”, the Mafia hired “Chinese dummy investors” allegedly belonging to Hunan Construction and Engineering Company who could easily secure them an appointment with the president. They finally secured a blue letter from him, unwittingly, for no other purpose than to legitimize the deposit and access the money.
Unbeknownst to them, the money had been returned to sender under an arrangement where it would subsequently be remitted to accounts operated by some “mafia racket” who “cleaned” it.
