UPDATES
http://www.idr.co.ug/dfwa-u/gallery.htm
Mr. Bwanika:
Let us agree to disagree: FDI can help Uganda. FDI brings better technology, relaxes the saving-investment constraint etc and has the potential to do well.
You are dead wrong to assert, "NO country has ever relied on FDI to develop". Economic history is full of them. USA, Canada, Korea, China etc. are what they are today because of FDI. Initially USA and Canada relied on British and Dutch funding-these two were the leading economies pre-1900. Most of the railways, bridges and roads that opened up North America were built with British and Dutch money. Indeed to this day, British and Dutch interests are the dominant foreign investors in America. Japan tried to make some inroads but did not understand the culture and got burnt. We are talking thousands of billions here. It is also no wonder that some of the most successful global firms are Dutch, British or America. They normal team up.
Your statement is actually shocking given the pace at which China is making progress. China is able to build Namboole because the Americans, British, Dutch and other foreign investors have bailed it out back home. What did China do before 1972?
In Uganda�s case look at the telecommunication sector. Did you know that thanks to MTN and Celtel, Uganda was the first country in Africa where cell phone penetration was highest? Other African countries are borrowing the Ugandan model. Do you see how wrong you are about FDI? If there is one sector shining in Uganda, it is the telecommunication sector. Why? Who are the key players? MTN, Celtel. Without a doubt, it is one of the key contributors to the Ugandan economy.
It is true that sometimes FDI is squandered. Look at AES and Bujagali. Do not blame FDI. Ugandans are corrupt and wanted kitu kidogo. Now that does not mean the project should die. If I were advising the movement, instead of using NSSF money to lend to banks, I would float the idea of using NSSF funds to build Bujagali. NSSF would be the key or core investor. But the thinking in Uganda and even among MPs is that a core investor must be foreigner and white! NSSF should become a core investor in most of the productive sectors being privatized. Uganda has local funds to build Bujaagali in phases-use NSSF money and let NSSF become the key shareholder. What better way to broaden local ownership than that? Instead we give crocks like the TRI STAR.
If foreigners will not commit their money in a hostile environment then let us show up our economy with local investment. Trust me, Bwanika; Uganda is going to become less and less attractive as long as uncertainty hangs on our political future.
If President Museveni is going to run again, let him and his backers just go a head and amend the damn constitution. Most of us are resigned to the fact that he will get his wish. The President is hurting Uganda�s attractiveness as a destination for FDI. At the moment Kenya is doing everything, forget the political wrangling there, Mr. Kibaki will outsmart his detractors who know.
You have a movement with no vision and an opposition that is equally visionless. Messrs Onyango-Obbo, Ouma-Balikowa and Robert Kabushenga-do our country a favor. Dare the Movement to say what they are up and say it now because their uncertainty is hurting and it is hurting. Can Uganda afford the uncertainty when our next door is reforming? Bear in mind Mr. Kibaki and his very hard working Finance are very credible in the international community. Let us get on with it. I think President Museveni should stop being indecisive. Instead of denying the obvious-I hope no one reading this list still has any doubts as to whether President will run again. It is obvious, but some still cling to hope that it will not happen. Too bad.
Uganda�s problem now is the political uncertainty. My prediction is that with American support, Kony will be killed this year and if the bastard is finally killed, he should be buried in a shallow grave like Savimbi.
But we have to put the political situation to certainty. Why is president Museveni pro-market in the economy but the opposite in politics? If conception is good for consumers and it is good, why is it not the same for the voter who also happens to be a consumer?
This is hurting Uganda and the sooner the uncertainty is settled the better. We shall soon become the least attractive country with EA, more so should the Union materialize.
Ojambo
Reply-To: [EMAIL PROTECTED]
Subject: FDI, UIA - Uganda
UPDATES
http://www.idr.co.ug/dfwa-u/gallery.htm
Mr. Ojambo
- Let me repeat FDI will never ever develop Uganda; I offer
examples in that respect;
- What is the price tag of a T-72 second hand Russian made tank
(between $730,000 - $850,000), MIG 23 or 25-fighter plane or an MI
helicopter?
- It takes less than four seconds to destroy a tank by an anti-
tank device you see these images daily don�t you?
- Now how many houses will one T-72 second hand Russian tank,
build in Uganda? Let alone how many construction engineers will it
train?
- Mark you Uganda does not have any sort of INDUSTRIAL
ESTABLISHMENT in the fabrication of machine tools and design
- NOT even a SCHOOL in machine design or tool fabrication!
MADHVANI at jinja!
- One home stead, one house has all the necessary industrial
establishment in a nation state; TV, Telephones, Cookers,
refrigeration, Radios, washing machines, carpets, utensils, furniture,
clothing (agoa), books (paper), food etc,.
- Not least material for building that very house; bricks cement,
paints, wall paper, electrical fittings, roofing, stones, wood and
timber etc,.
- Who built Bugologi flats � Israeli firm � who build Ndegge,
Lubiri, Mengo, Tororo, Nabisunsa and other such schools Israeli firms
- Can you compare such school structures to UPE building
structures �NO! And why?
- In China and other Asian states � the army in a pre-
monetariesed economic (financial instruments & stock exchange) state
does such work.
- What is Uganda army doing; wars in Congo, Sudan, Teso,
Karamoja, Kasese etc,.
- Who built Mulago hospital, Gulu road, Jinja, Jinja- Tororo,
Mudende- Fort portal, Masaka, Entebbe road, Pakwacha Arua- foreign
companies!
- Why not Ugandans to build hospitals, schools, roads?
- Who built such institutions in china?
- China built Namboole and indeed all-national stadiums in China
are designed and built by the army NOT DIRECT FOREIGN INVESTMENTS.
- What happens if those roads deteriorate- BORROW FROM THE WORLD
BANK, IMF and contract the same firms for job.
- WHERE ARE UGANDA PROFESSIONALS- aduyi, kimpimizi- non
historicals, non revolutionaries (rubbish)
- Europe and the USA plus Canada and Australia never used DFI to
develop apart from Hitler�s Germany, which was bombarded to ashes
necessitating the so-called marshal plan.
- NRM will never develop Uganda. why?
- Ugandans do not have the experience, hands on skills, research
and there is no effort at all made by the state in mobilising people in
doing so.
- Uganda require only about 6 billion shilling to off set �
agricultural production through buying off surplus produce (Magny Maize)
- With National silos, freezers in specified location � Uganda in
a period of one year will be exporting beef meat, groundnuts, fresh
peas; fruits concentrate, cotton, tea and dried products to the Middle
East.
- During the FIRST AND SECOND WORLD WAR, Britain through its
administrative core in Uganda, used local farmers to supply: cotton,
groundnuts, beans, tobacco, tea, cattle, timber and even hard cash from
taxation! In thousands of pounds (billions of shilling today)
- China is not transforming because of foreign direct investment �
NO
- China long ago mobilised its army (ARMED FORCES) in engineers,
doctors, pharmacist, scientist etc;, in building factories, roads,
schools, cleaning cities, doing research etc.,
- Uganda army, NRA (UPDF), amuka group, arrow group under the
Presidential Special Brigade uses the same people as cannon fodder to
practice what majors have learnt abroad to the amusement of the NRA
leadership!
- In essence killing its own people in sham rebellisonism.
- China, South Korean, Singapore, Malayasi, Taiwan, Indonesia
besides the Philippines which thought USA could build roads schools
etc, all those countries raised huge armies to do society
transformative work.
- Is that what I want in Uganda yes-
- But NOT under NRM that has shown a primitive state of thought
structures- it will kill people why?
- Uganda does not need any foreign ideaology, money, but only its
peoples needs and demands � to transform.
- For NRM when it wants a war there�s money, material and people!
- When it comes to society needs there is no money, material and
people.
- When there is need to go to the Congo there is money, material
and people.
- When Ugandans need medicare, schooling facilitiesm, houses,
public transport there is no money, material and people.
- NRM itself the destroyed all public entities by selling them to
themselves; Textile mills, Public Hotels, Transport (buses, airlines,
trains), etc,.
- How do you trust such people now claiming to be democrats?
- NRM from the start NEVER UNDERSTOOD and MISINTERPRETed Marxism,
socialism � Marx was against the state and Marxsim is misunderstood or
misused in exactly the same way Moa tse Tung did to the Chinese or Pol
Pot!
- Read Karl Marx Grundrisse (translation by Martin Nicolaus)
1973, pg 100 � 111): The method of Political Economy.
Ojambo
__________
bwanika
url: www.idr.co.ug
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