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Uganda Shilling - Death Wish
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Cde Monomotapa
#91 Posted : Monday, September 05, 2011 4:59:45 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@ VVS...please do fiind solace??


Kampala — Uganda will save up to Shs1.7 trillion per annum on oil imports when the country starts its oil production (2012), according to a top official at Bank of Uganda. "Statistics show that with the rapid development of this sector, the country is bound to save up to about Shs1.7 trillion per year ($600 million) which is currently being spent on oil importation.

http://allafrica.com/stories/201108190344.html
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hisah
#92 Posted : Monday, September 05, 2011 7:46:25 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Cde - would buy that story with lending rates @21% together with inflation rates @21.4%...?

The EA central planners are jokers & I dont need to go into a name calling spree for its not worth my time...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#93 Posted : Monday, September 05, 2011 7:51:25 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
@Cde - would buy that story with lending rates @21% together with inflation rates @21.4%...?

The EA central planners are jokers & I dont need to go into a name calling spree for its not worth my time...

Be easy comrade. That's the long picture Laughing out loudly the oil is yet to gush out but i'm patiently waited.
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Cde Monomotapa
#94 Posted : Monday, September 05, 2011 7:53:57 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
hisah wrote:
@Cde - would buy that story with lending rates @21% together with inflation rates @21.4%...?

The EA central planners are jokers & I dont need to go into a name calling spree for its not worth my time...

Be easy comrade. That's the long picture Laughing out loudly the oil is yet to gush out but i'm patiently waited.

Leave it to this turnaround engineer ;-)
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hisah
#95 Posted : Monday, September 05, 2011 8:04:57 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Cde Monomotapa wrote:
hisah wrote:
@Cde - would buy that story with lending rates @21% together with inflation rates @21.4%...?

The EA central planners are jokers & I dont need to go into a name calling spree for its not worth my time...

Be easy comrade. That's the long picture Laughing out loudly the oil is yet to gush out but i'm patiently waited.

Leave it to this turnaround engineer ;-)

I hope it'll not be the likes of Bernanke & co turnaround engineering gimmicks smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#96 Posted : Monday, September 05, 2011 8:16:07 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Hehe...this old farmer's plan is simple. Maintain my position in Uganda's largest bank, SBU. There is more than meets the eye as follows; CNOOC is interested in UG's oil and by extension, Standard Bank ZA has substantial Sino shareholding so my thinking is Sino bank for Sino oil. Furthermore, SBU being a subsidiary it will have no "ambitious" regional expansion plans so that makes it a potential largesse cash-cow in terms of dividend pay outs coupled with a potentially stronger UGX c/o oil exports...I expect to be a happy camper smile
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Cde Monomotapa
#97 Posted : Monday, September 05, 2011 8:58:00 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Do research on Angolan banks. As much the country has the Dutch disease and the population is generally poor in abundance... The banks are GIANT off corporate accounts. Retail banking is almost non-existant in Angola. That's the worst case scenario as I expect UG to spend its oil monies better.
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