Does Museveni really want prosperity for all?


Before Museveni and the NRM came to power, many public enterprises had been mismanaged. But they still belonged to Ugandans, and had great potential. With the introduction of privatization and Liberalization, the NRM regime used the opportunity to completely make Ugandans second class citizens by taking away from ordinary people what they used to pride in.

 

NYTIL a very large textile factory with extensive real estate was sold for Shs. 1,000= and Museveni attempted to give away the Dairy Corporation at 1 US dollar.

 

State house is the clearing house for foreign investors. Tristar/AGOA was given 11.0 Million dollars of tax payers’ money and the investor brought in nothing. This was with tax exemption and freedom to repatriate profits and in the end the factory collapsed and Uganda lost everything it had given as an incentive. The only Ugandans who benefited were the residents of State House.

 

General Salim Saleh, the president’s brother, and one Ruyondo, his business partner, were given $ 3 million state funds on orders of the president to open coffee shops in Denmark, there are no results to date. He also acquired and sold for personal gain several cooperative societies namely Banyankole Kweterana, Sebei Cooperative Union, Okoro, West Mengo Cooperative Union, and North Bukedi cooperative Union.

 

President Museveni promised to determine the fate of the remaining 60 public enterprises to a tune of Shs. 290 billion which have not been accounted for. Both the enterprises and the money from their sales disappeared!

 

President Museveni decided to fast- track the completion of the Trans ocean Island port in the interest of his daughter. The government has since agreed to pay 25 years free rent for Grain Traders, a company in which his daughter is a shareholder. The URA set aside some stores for the first daughter’s company at their facility in Nakawa. (She seemed to have lost interest in the business, as these stores have been lying idle for some time.)

 

UGIL was sold to Phoenix for 500,000 dollars, after the government had spent 6 million dollars to rehabilitate the company.

 

The Government spent 12 million dollars refurbishing the Nile Hotel, only to lose 4.5 million dollars in the legal costs of a botched privatization which was initiated and supervised by the president.

 

The first failed sale of Uganda Commercial Bank was at a loss of 69 billion shillings to Westmont Bhd (a Malaysian company). It was then sold to STANBIC at shs. 43 billion with the UCB headquarters tower given away for absolutely free. Clearly, a visit to State House made the transaction smooth.

 

With the approval and Knowledge of the president, the government operated an illegal and secret account with the Bank of Uganda for twelve years, where they were siphoning off tax payers money for private use. In 2004 alone 92 billion went through this account, including the 21.0 billon as a donation to Mr. Basajabalaba.

Oscar Navio

 

 

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Comments

4 Comments so far. Leave a comment below.
  1. 4 “See, the enemy is puffed up;
    his desires are not upright—
    but the righteous person will live by his faithfulness
    5 indeed, wine betrays him;
    he is arrogant and never at rest.
    Because he is as greedy as the grave
    and like death is never satisfied,
    he gathers to himself all the nations
    and takes captive all the peoples.

    6 “Will not all of them taunt him with ridicule and scorn, saying,

    “‘Woe to him who piles up stolen goods
    and makes himself wealthy by extortion!
    How long must this go on?’
    7 Will not your creditors suddenly arise?
    Will they not wake up and make you tremble?
    Then you will become their prey.
    8 Because you have plundered many nations,
    the peoples who are left will plunder you.
    For you have shed human blood;
    you have destroyed lands and cities and everyone in them.

    9 “Woe to him who builds his house by unjust gain,
    setting his nest on high
    to escape the clutches of ruin!
    10 You have plotted the ruin of many peoples,
    shaming your own house and forfeiting your life.
    11 The stones of the wall will cry out,
    and the beams of the woodwork will echo it.

    12 “Woe to him who builds a city with bloodshed
    and establishes a town by injustice!
    13 Has not the LORD Almighty determined
    that the people’s labor is only fuel for the fire,
    that the nations exhaust themselves for nothing?
    14 For the earth will be filled with the knowledge of the glory of the LORD
    as the waters cover the sea.

    15 “Woe to him who gives drink to his neighbors,
    pouring it from the wineskin till they are drunk,
    so that he can gaze on their naked bodies!
    16 You will be filled with shame instead of glory.
    Now it is your turn! Drink and let your nakedness be exposed!
    The cup from the LORD’s right hand is coming around to you,
    and disgrace will cover your glory.
    17 The violence you have done to Lebanon will overwhelm you,
    and your destruction of animals will terrify you.
    For you have shed human blood;
    you have destroyed lands and cities and everyone in them.

    Rev. Jessica

  2. Tom Ojok,

    Can Someone tell us about Kinyara Sugar Works?

  3. kazindu,

    he#3 rev Jessica i wish you could put to good use your good knowledge of the bible but do you know that Ibrahim was not a Jew that even when his wife died he had to buy land to bury her that he even insisted that they should give him an agreement for that piece of land yet when he gave birth to Isaac Isaac gave birth to twelve sons today each of his son represents the twelve tribes of present day Israel which later started exterminating almost the entire Palestinian populace yet the original tree was a pastine until today things don’t go by the way you would like them to be Uganda is one of them have you ever dreamed when the lords resistance army have taken over kla and their spiritual leader is in bwenyangiri girls looking at these bahima girls with their hips and juicy legs just meditate for a few hrs. and go into this dream up level 7 and don’t wake up until three kicks and then try to talk to experts in sub concious security like Mbabazi and then see for yr self if a whole nun could not recover her girls from him and yet these were those from the north he you what i mean what would the situation be cheza kiganda ? would be Cheza kiganda itrs true that extra ordinary things are happening in Uganda but even the proffessors at havard dint have the fomula to bring Uganda back to sanity the uganda which at least you are enjoying now being able to critisize with out repercussions its true you may be publishing from toronto but all the same no body will follow you up remember sabasajja waas followed up to londonand eliminated today his heir can cause havoc and remain intact thats the extra ordinary Ugandan and nwe bred we have so think miditate about Kandoyas panda gaali road blocks and possibly the holly spirit will decend upon you and give the visioon of what ugandan and Uganda would have been today for its true that until one of my sons rebels and seven thousands of them will be allowed to join my king dom God bless you just read this statement in a vanacular method as its not pancuated

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