Bottomline... I am a beneficiary of the new & black empowerd Zim. One of the most endowed African states from highly educated HR, smart BLACK biz class, a strong Diaspora, 42 different mineral resources (void of Dutch disease), a highly developed financial sys.with a ZSE having 85 listed companies, vast agric. Wonderful tourist attractions e.t.c e.t.c and we use the USD and are more productive with it than its owners. An economy charging @ 8-10% p.a. I am happily invested.

Cde, how much did the Zim economy grow by next year? The stock market also sees more 'diversified'

All this wealth shared amongst only 15M Zimbos. The more empowered black Zimbos there are, the better!!

The UGX hit 2700+ again this week. The Central Bank of Uganda has asked that citizens stop using imported toilet paper & use banknotes since it is cheaper.

@ vituvingisana - even if we stop using imported things most of the locally manufactured goods use imported raw materials so it will not make much of a difference.

U should've been a super-hero..u'd save the whole world, hey?

All my UGX profits have been wiped out in US$ terms! Yaani, I would have more money buying US$ & leaving them under my mattress for 1 year! Bila interest!

Your investment strategy in UG or any other smaller country should be for long term gains (10 years) minimum.

Quite unlike you I am rather sending more few USD to translate to plenty UGX to invest at the time you are scared, because on the long term things will be very good in UG I tell you.

Are you no longer a WB follower, why do you want to run away when everyone is scared ? This is the best time for foreigners like me to take positions in Kenya and small UG, as small USD translates to a basket full of money in local currency.


If I am a Kenyan I would take more interest in Uganda during this temporary confusion because post M7 regime plus petroleum will transform Ugandan Economy in future.
Kenyan Banks (KCB, Equity, DTB) are already there, Uchumi, Nakumatt, Textbook Centre (of sarit center) are already there. West African banks (UBA, Ecobank) are already there. Nigerian Insurance company IGI, bought a controlling stake in NIC Uganda. If they are making stupid investment decisions, yours trully @young is happy to join them to be stupid.

I project 2016. 1 USD will likely change to 1400 UGX, and 1 KSH to 16 UGX.

This is the best time for foreigners (kenyans inclusive) to invest in UG. Is like when there is blood in the street, move ahead to invest!!!
But invest with the money you will not need in 7 years upwards.

Tullow oit is to be listed April 2012.
Already trading in Ghana bourse