Wazua
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NMG debuts in Ugandan Bourse Tue Oct 19th
Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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Guru, Permit me to say you are Kenyan at heart but Ugandan in mind for still holding such negative sentiment about your dear country Uganda. I believe you are in minority within the elites group thst is still being overwhelmed by the past and not looking into the future. The international community, foreigners have a positive view about Uganda irrespective of recent bombing, frequent child kidnapping, car jacking etc. The Ugandans I have been opportuned to meet have hope and positive view about their father land. I believe M7 will not be there forever and the opposition camp has been waxing stronger in recent times. About the political risk you are inferring, ENi Group (ticker symbol E in NYSE) my parent petroleum producing company has so far invested a whooping 15 Million dollars to have a stake in Uganda oil. I work in the Nigerian subsidiary, and they ENI invest in 70 countries worldwide.
Why are chinese, Libyan, Iranian, Norwenians ,Italians, Indians trooping to
Uganda. Are they not aware of political risks Simply put they are seing in Uganda what most of us are not seing. International community and foreigners are looking beyond M7. They are looking at fully democratic post M7 era. Be aware of this. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@young you are very naive and misguided when it comes to information on the ground in Uganda... You talk about the oppositions strength... why don't you talk about all the more than 5 top generals who are related to M7?? why don't you talk about the use of the military to quell unrest??? why don't you talk about all the spies M7 has on the ground monitoring our every move??? why don't you talk about the one man cabinet we have as M7 makes every ministry's decisions for them..... The international community which includes you doesnt know SHIT. You only know what M7 wants you to kow Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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Guru, Your choice of words on me is more of emotional outburst, and immaturity on your part .You cannot manage facts and opinion contrary to your own view. To me it is more of a distraction and does not deserve attention. I have managed more grievous insults and abuse than your utterances in this forum years back than your own before you joined us early this year. Some of them now are my best of friends as I am not here to make enemies in this wonderful and unique forum. All that you said about notorious M7 is no news to me. Take or or leave it M7 dictatorship is an era that will come and go. The once dreaded Idi Amin of Uganda where is he now ? in 21st cenury that we are now the world is a global village, nothing is hidden. The fact remains NMG will get listed in Uganda bourse tomorrow Oct 19, and as a non resident foreigner when next I come to the pearl of Africa(Uganda), I will key in to buy NMG in Uganda bourse as I have none in NSE. I will not wait to buy in NSE because it does not make any logical sense.The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: New-farer Joined: 8/23/2010 Posts: 63 Location: Kampala
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young wrote:
Guru,
Your choice of words on me is more of emotional outburst, and immaturity on your part .You cannot manage factual and opinion contrary to your own view.
To me it is more of a distraction and does not deserve attention.
All that you said about notorious M7 is no news to me. Take or or leave it M7 dictatorship is an era that will come and go. The once dreaded
Idi Amin of Uganda where is he now ? in 21st centory the world is a global village, nothing is hidden.
The fact remains NMG will get listed in Uganda bourse tomorrow Oct 19, and as a non resident foreigner when next I come to the pearl of Africa(Uganda), I will key in to buy NMG in Uganda bourse as I have none in NSE. I will not wait to buy in NSE.
Young-God bless you on your endeavor to buy NMG in Uganda. Guru-Young has great points, the M7 era is soon ending. I forecast that by 2021, it'll be over and in the record books. There is a new dawn, a new era. Young democratic and ambitious leaders getting themselves equipped in all aspects for the next 10 years. They remind me of M7 at 25, when he was going to the bush(full of vision and vigor,extremely unstoppable[basing on his book 'Sowing the Mustard seed']). The current opposition are misguided, self centered individuals who cant correct the wrong of M7 once in power, instead,they'll worsen the situation. This is because their motivation is the ousting of the present government, instead of baking a better tomorrow. Now you have to be extremely optimistic about UGanda, the pearl of Africa. The tendency of having a global village out does the threats of the military. So things are already better, even M7 has realized that. Then next growth phase is in Uganda, just like how the last decade was for Kenya(well, until the last 2yrs). So many multinationals are opening shop and trade delegations ever here. The over 2bn barrels of oil so far discovered mean Uganda currently is seated on about $200,000,000,000 worth of crude oil plus more yet to be discovered. Thats not counting the close to $7.1bn in copper and other metals not utilized at all, and not annual returns from GAC and other coffee producers, not counting the revenues from other sectors. This translates to a GDP 2015 of about $10-7bn from the current $2bn.
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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@msimon, I am happy that you are a Ugandan.The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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@msimon, I am happy that you are a Ugandan and you hold a positive view about the future of your country, Uganda, the pearl of Africa. Our dear Kenya remains the giant of East Africa, the gateway to East African business. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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@msimon, I am happy that you are a Ugandan and you hold a positive view about the future of your country, Uganda, the pearl of Africa. Our dear Kenya remains the giant of East Africa, the gateway to East African business. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@young i highly doubt the words naive and misguided about something is an insult unless we read different dictionaries.. and the fact remains that you are not Ugandan and hence what you know about it is hearsay and on the news... But if you choose to remain optimistic on it who am I to stand in your way... But believe me and mark my words when I say M7 will be a life president milking our oil and copper money to his grave unless we have another coup which will be terrible for the country because we'll be back to square 1 with another dictator.... So Either way its a lose lose situation... You like to cite Idi Amin in your examples so i pose this question to you... Wasn't he only taken off by a coup???? otherwise we would still be eating our slippers on the street... Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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@young - Patriotism in Africa is often related to tribe/clan/family/cronies not logic. 1) m7 is a thief. He wants another 5 years to steal. He sends his daughter on a PUBLICLY funded trip to give birth in Germany instead of spending money to improve a local hospital. He could have sent her to Kenya @ 25% of the cost but that would not be prestigious enough. 2) The UGX has crashed against the US$ (even against KES) & with the upcoming elections, perhaps the UGX is not the place to be. I am sure as Nigeria's elections come close, the Naira will suffer unless CBN intervenes. 3) m7's brother (slim saleh) has been caught with his hand(s) in the till yet he is never taken to court since m7 protects him. 4) m7 will die unfortunately African presidents have the longest lives unless someone kills them. Unfortunately, this doesn't happen often. Look at moi or mugabe or m7 or gaddafi or mubarak or bongo, etc... These guys are OLD yet they do not leave unless forced out! [moi 'left' coz enough was enough & Kenya would have had a full-fledged civil war in 1992. Even then, he & his cronies were attempting to circumvent the constitution] 5) If you are so positive about Nigeria, why do you invest elsewhere? [This is not a rhetorical question but everywhere I go the reviews for Nigeria are great i.e. the investment opportunities & potential growth] A famous (& prophetic) Nigerian who wrote wonderful books like A Man of The People & Arrow of God that shows what happened in the 1960s is still alive in 2010. We have remained stagnant for 50 years while the rest of the world has moved forward. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Fitch assigns Uganda a “B” rating with a positive outlook
International credit rating agency Fitch has assigned Uganda a “B” rating with a positive outlook. Purvi Harlalka, the associate director at Fitch’s sovereign group explained that the agency’s positive outlook was premised on Uganda’s oil discoveries that will have a large impact on the country’s growth potential, balance of payments and public finances. According to Fitch Ratings, the growth momentum could however be dampened by the ongoing tax dispute between the Government and oil exploration companies, which could delay the commercialisation of the nation’s oil resources. The rating was based on a robust growth performance and Uganda’s track record of prudent macroeconomic management against low per capita income and a poor business climate. The ratings were also underpinned by the cautious administration of public finances, which has contained Uganda’s fiscal deficit, including grants, to an average of 2.1% of GDP over the last 10 years. Fitch noted that domestic revenue collection that has stagnated at 12-13% of GDP is one of the areas that need improvement. (Source: The New Vision)So not all is doom & gloom in Uganda but it would be better if m7 did not force himself on Ugandans for another 5 years. He has been in power for 27+ years! That is an entire generation! Someone born 27 years ago has not known any other president! It would seem that m7 wants to die in office... and he probably does... and will take Uganda down the drain rather than admit he has been a pathetic president for the past 12 years... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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NMG debuts in Ugandan Bourse Tue Oct 19th
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