KABOZI

The changing face of the Kwanjula

2010-04-25T12:06:00.002+03:00

I attended the Kwanjula of a close relative a few weeks ago and the social changes our lives are undergoing hits me in the face like a brick. Gone was the close knit family gathering organised and planned to receive and host the in-laws to be on our ‘turf’. This was replaced by an organising committee that fundraised from family and friends, the budget would easily outdo any church wedding and the ‘program’ would have given my dearly departed grand parents an ulcer.

The cows were replaced with cold cash, the DJ took the place of traditional musicians in fake animal skins, there was a cake to be cut, the bride to be gave gifts to the groom to be……. Transgressions galore, the master of ceremony was thoroughly confused and could not tell what would happen next. And you could almost here the old timers clicking their tongues in disapproval.

But is it really a bad thing to give the Kwanjula a more modern twist. After all in most cultures in Uganda it is actually the customary wedding and with our appetite for flaunting what we have , why not elevate our traditional wedding ceremony to the levels that the church wedding has reached.

However, the cost implications are not lost on anyone, this now means family and friends now need to foot two sets of bills, and that is just for one couple in one year! Is there not a danger that when the exalted church wedding arrives it will fall flat from the expectations already raised by the kwanjula?

Culture is dynamic,

Last of the green patches

2010-04-25T12:05:00.000+03:00

Spending a weekend in Kampala the other day I still marvel at the speed with which sky scrapers pop up all over the place, The even the Hilton is finally showing its ‘head”, but I have to spare a thought for Windsor crescent.

This the little patch of green is found at the junction of Acacia Avenue and Kiira Road at Kisementi. And therein lies the problem, there is now a huge building site that will soon emerge as a petrol station and …………a ‘childrens play park’.

The green cover that kampala used to have is fast disappearing: Bat valley, Lugogo, kitante green belt. The list is endless. We are well on our way to becoming a bonafide concrete jungle, Lagos is not pretty, so why on earth do we want to look like it?

A bleak future?

2010-04-01T14:47:00.004+03:00

(copyright Karsten71)
I look at the picture of this child and wonder whether there will be anything for him to inherit when he comes of age. Everytime I open the newspaper the CHOGM scandal burns my eyes, how much worse can it get.

Now half way through the financial year the government has requested parliamet to cut the health, education and agricultural budgets. Good lord in heaven, it does not take rocket science to know that our hosppitals are crumbling, our kids are studying under leaking roofs and agriculture is the back bone of our economy...so why would anyone think it prudent to cut the budget of these vital sectors.

The real kicker in this tale ( or stinger in this tail) is that State House and the Office of the president have asked for their budget to be increased...in the same breath.

Am I missing something????????

Its Official: India.Arie and I

2009-10-01T17:37:00.013+03:00

With great embarrasment, I have to admit that until 6 weeks ago I had only known of India.Arie by name. She always generated rave reviews whenever her name was mentioned and I just played along, not daring to admit that i had never really listened to her music.

All that has since changed, many thanks to my good friends back in Joburg. I have her loaded on my Ipod Shuffle and can't play anything else. Its simply that acoustic, unplugged sound,which is coupled with the clearly audible and equally deep meaning lyrics. Add her striking 'african'beauty and you have me cheering from the rafters.
The effect is the same as when I first heard Tracy Chapman sing, way back when I was still in O-level at King's College, Buddo.

She is addictive, she is inspiring and she easily gets you to sing along with her. The sound is dubbed 'acoustic soul' and I love it.

Sing on sister.

What does it mean to be Ugandan?

2009-09-27T11:55:00.006+03:00

After a long hiatus from blogging I must ask my fellow citizens: what does it mean to be Ugandan, is there really anything holding us together or are we staring the inevitable in the face, things will fall apart sooner or later. Allan Tacca's article in today's sunday monitor says it all, we simply do not build things to last, we have the incessant need to tear down all our institutions and rebuild all over again, every few decades.

So I ask again, what does it mean to be Ugandan, is there really anything holding us together??

Makerere's greed will be its undoing!

2009-05-22T16:30:00.005+03:00

I came across the headline story in the New Vision newspaper to day that just leaves me dumb founded. Apparetnly makerere university is to admit 5,000 more students this academic year.

Well this may not sound too bad until you read on and find out that the annual enrollment of new students will now reach 20,000!!!!!! What on earth is going on???

20 years ago Makerere had a total student population of approximately 7,000. And even then we were feeling the squeeze. But it was just great. everyone knew everyone else, the residential hall was your 'village' and you felt like you belonged to a community. The class sizes were small enough for your lecturer to know if you have been cutting classes.

As recently as recently as 7 years ago a neighbour who was then teaching at the faculty of arts, somplained that every time set his students an assignment or an exam, it meant he would have to mark 300+ scripts. He did eventually admit that he did not mark them at all, instead he looking for key words or if he was really tired he would look at the handwriting and assign marks based on that!!! I doubt he was the only one.

The mad rush by the university top raise cash through increasing the annual intake will eventually push makerere over the cliff. One cannot pretend that quality is seriously in decline across all the faculties. And becuase the university degree is a 'must have' students will put up with anything to get that piece of paper regardless of whether they actually get an education or not. Fake A-level certificates, hired scholars to do your course works or plain simple political influence are many tricks that an over loaded campus has to contend with.

When I heard that Moses Ali was a law student I laughed for days...........Ok, so I am Old Makererean snob. But seriously! I look back at how the university was able to produce quality despite all the adversity during difficult times and now I see them throw it all away in order to raise more cash.

My two cents say: just because 10,00 more people are banging on your door does not mean you have to admit them. The government should build more institutions of higher learning all over the country, that is its responsibility........SIMPLE!

The commision for higher education also needs to get its act together, because the high schools pretending to be universities are on the increase, but that is a story for another day.

Photo for a new year: Only in Uganda

2009-01-06T13:00:00.005+03:00

A brand new year brought us a brand new bank robbery attempt/ crime of passion/ whatever. All took place at the Stanchart Bank branch at garden city yesterday. But with it came hope for a humourous year. This security operative provided a true 'Miami Vice' moment, even though it is bordering on the ridiculously bizzare .

I am now taking bets on which branch of the security services this guman works for: my money is on the CMI.

A haunting photo from the past and an ethical debate

2008-12-10T12:13:00.005+03:00

This is a picture that has haunted me for a decade. It was taken by a South African photographer called Keith Carter during a famine, in a sudanese refugee camp in 1993.

The story is told that as he watched this child crawl towards the feeding centre a vulture landed and showed great interest in the dying child. The photographer watched the unfolding scene for twenty minutes, having positioned himself in a way that would not disturb the bird, hoping it would spread its wings!

He later claimed that he chased the bird away.

Are we so wretched that a dying african child is not worth protecting. Any one with an ounce of humanity would not sit and watch a vulture liking its lips (or beak). even for a great photo opportunity. Hence the ethical question comes up: should journalists rescue the subjects they are covering or let 'nature' take its course? I doubt journalistic standards are the same when covering Africa.

The incidences that bring this question back all the time include the post election violence in kenya at the beginning of the year and the xenophobic attacks in South Africa ( where 6 photographers gathered around a man who just had been hacked by a mob and lay bleeding to death on the ground).

Here's another angle: if the child in the photo had been white would the picture have ever been published?

Keith Carter recieved the 1994 Pulitzer prize for the photo. However, he was not able to collect it because he committed suicide 3 months after he took the picture.

Conquering the wild waters of the NIle...... and my fears

2008-11-26T12:47:00.001+03:00

Last week I finally got to do something I have always wanted to do, that is white water raft the Nile. Another of my life goals conquered.
Over the last 8 years I have tried often to get a group of friends to ‘do’ the Nile with me, but everyone seemed to drop off the list as the date grew closer. So I gave up until this year. The fact that Bujagali dam grows bigger by the day and will one day block off a great section of the rapids played a big part in my ‘do it now’ mentality.

I was picked up by the Adrift rafting company in the middle of Kampala and we passed by a back packers hostel in Mbuya to pick up 3 other people ( an Italian lady and two aussies), business was apparently low and I was informed that only one boat would be doing the distance.

We met up with the rest of the team ( a south African , two Belgians and another Italian) up in Jinja at the Adrift Camp, which was quite a shabby or is it rustic affair? I was the only Ugandan and qualified for a massive discount. One of the aussies wanted to know if she could pass off as a Ugandan and get a discount too……laughter all around. The cost for Ugandans is damn affordable and I would have expected more locals testing the home waters.

The Italian lady gave us quite a bit to think about at the beginning as she hitched herself into a red g-string that had all the workmen gaping. She ignored everyones stares, brave woman.

We hopped into this rubber boat, all eight of us plus our ‘pilot’, a Canadian fellow, who later let it be known that they only hire ‘internationals’ and he was around for only 6 months. There are 4 safety kayaks, each with a guy in it whose brief is to help anyone who falls out and cant get back into the boat. These guys are Ugandan and clearly very skilled at what they do.

Now the thing is white water rafting on the Nile is not one continuous adrenalin rush, in fact it several sets of rapids, interspersed with calm waters that we have to paddle through. The whole trip last approximately 5 hours and 30 km.

Its been raining quite a bit of late and I was weary of spending the day drenched, out in the open, but as luck would have it the African sun was out in force. I basked in it as all the Caucasians poured sun block all over themselves, again and again.

After a couple of drills: practicing how to sit, how to hold on and how to get back into the boat, we set off down the river. And you get to hear the rapids before you actually see them and by then its too late. Thoughts of; “How on earth did I get myself into this?’ do not help. With the pilot shouting instructions we hit the first major rapid big time, tossed around, drenched, dunked, the works….its was amazing. We all cheered when we realised we were still alive and from then on we were more confident, especially since no one fell out of the raft.

The rapids are graded: category 1-6. The higher, the category, the wilder the water. The Nile provides the same volume of water through out the year, unlike the Zambezi and other rivers. And there are numerous category 5s and 6s in there. But our pilot was great and he knew how to guide our raft through rapids. He often asked us if we wanted to take the safe route (won’t get wet) or the wild one ( very likely to fall out of the boat) and each every time we voted to take the wildest route……….the thrill was intoxicating. I did get to fall out once, but being a good swimmer, with a life jacket and the drills we got at the start I did not feel unsafe at all while I was in the water.

‘Big brother’, ‘gunga’, ‘50-50’, the rapids came and went, we were all on a major high. To stare the force of nature in the face and win is something we need to try at some point in life. And indeed the rivers bark is actually a lot worse than its bite.

In the sections where the water was calm we spent time swimming in the river or just chatting away. The river banks are beautiful with spots where I hope build my holiday villa one day……HAAAA!
We got to see kids swimming and the occasional bare breasted woman doing her laundry (‘ just another day in africa’, said our Canadian guide, I had the feeling he would have said a lot more if the I wasn’t there).

The last set of rapids are called the bad place and believe me it deserves that name. The power of the water is so awesome that it is necessary to get out of the river and carry the raft down stream. We did get to raft through the lower half of this rapid and it was the jaw dropping end of the rafting trip which saw us cover 30km.

Will I do it again, absolutely!!!!! Now, anyone for the Ruwenzori’s??????

Can we imagine an 'Obama' in Uganda?

2008-11-04T17:15:00.006+03:00

Scenario: A 47 year old man who was born in Kampala, has lived all his life in Uganda, his mother is Ugandan and he holds Ugandan citizenship. His father is Congolese and he uses his father's Congolese surname.

Question: Could this man ever be elected president of Uganda?

How to write about Africa?

2008-10-28T17:27:00.006+03:00

A book I once gladly picked up at the book store was the 'Dark Star Safari' by Paul Theroux. I generally love travel stories and this one was brilliant.........that is if you are not an African. It dripped with all the stereotypes and condenscention that only one with a self perceived superiority could generate, especially one who has spent so much time on the continent, that he is admired as an 'old africa hand', an expert of all things inherently native.

This is one book that really got my blood boiling.

I have recently across an essay written by Kenyan writer Binyavanga Wainaina, called 'How to write about Africa', and it really got me thinking. I have pasted the link below and I aknowlege the author. I hope it gets us all thinking.

HOW TO WRITE ABOUT AFRICA

The moral of this essay and the books we buy at the bookshop is that we need to write more about ourselves, because if we dont then someone else will do it for us.....with prdictable results. Blogging is a great start.

Is Uganda a failing state?

2008-10-25T14:30:00.005+03:00

The Fund for Peace annually produces a survey that depicts the state of national stability around the world. http://www.fundforpeace.org/web/index.php?option=com_content&task=view&id=99&Itemid=140

In its 2008 Failed States Index, Somalia came in at No.1 (no surprises), and Uganda, came in at No.16! And we are in good company: 14. Haiti, 15. North Korea, tied 16th with Ethiopia, 18. Lebanon, 19. Nigeria.

Our Neighbours rank better: Kenya 26, Tanzania 75, Rwanda 42.

How did we sink so far down the food chain? The Fund for Peace calculates the score according to various factors:

Mounting demographic pressures (Score 8.7/10). My take is that with one of the highest growth rates in the world, the youngest populations under the age of 15 years of age, and a political nutcase telling us we cannot develop our economy unless we breed like the rabbits this could be a time bomb ticking as we scramble for natural resources.

Massive Movement of Refugees or Internally Displaced Persons creating Complex Humanitarian Emergencies (Score 9.3/10). No need to think to hard on this one. Hundreds of thousands in the North of Uganda have lived for decades in squalid camps and are still not fully resettled in their homes. They still live in fear of violence, suffer disease and struggle in poverty.

Legacy of Vengeance-Seeking Group Grievance or Group Paranoia (Score 8.3/10). Joseph Kony’s and the LRA have meted out vengeance on the people of Acholi for decades, is there an end in sight?
As for paranoia, we have to look westwards, where milk flows freely……… Only the paranoid and self isolated need those levels of protection.

Chronic and Sustained Human Flight (Score 6.0/10). Much better than before, but it arises from the point above.

Uneven Economic Development along Group Lines (Score 8.5/10). Look who gets all the parastatal jobs, look who gets all the top civil service jobs, look who gets all the state house scholarships, look who gets poorly secured loans from UDB and the Bank of Uganda. Look who gets bailed out when their lack of entrepreneurial skills threatens to crash their businesses.

Sharp and/or Severe Economic Decline (Score 7.6/10). The government quotes GDP growth rates of 5-8% all the time, though this does not seem to trickle down to the villages. With rising oil prices, poor road infrastructure, a power generation deficit, high costs of doing business and falling remittances from the Ugandan diaspora, tough times are certainly ahead.

Criminalization and/or Delegitimization of the State (Score 8.3/10). We have witness the gradual but steady irrelevance of national institutions. When one has a land dispute, a disagreement with a bank, disagree with a magistrates ruling, the normal rules do not apply…..you head straight for state house, or beg on TV for the presidents intervention. The police, the courts etc are mere spectators.

Progressive Deterioration of Public Services (Score 7.9/10). This is not rocket science, look around you.

Suspension or Arbitrary Application of the Rule of Law and Widespread Violation of Human Rights (Score 8.1/10). If you are rich, powerful and well connected it next to impossible to go to jail, even if you steal millions of dollars from people dying of AIDS, or get the NSSF to buy swamp land at a premium price or use your lake side mansion as a landing point for smuggled goods. How ever, if you are a regular Joe, the high court can grant you bail as many times as it wants and you will still get rearrested, in the courts corridors if necessary. You may be kept in a safe house some where, even though they are illegal under the law. You might even get yourself charged with terrorism for trying to defraud a bank with your cheque book simply because your mentor does not get along with you know who.

Security Apparatus Operates as a "State Within a State" (Score 8.1/10). Again this is not rocket science. The security services are above the law and can pretty much do whatever they like with our civil liberties. A member of the public can be arrested by just about 5 or 6 different security outfits, no need for an arrest or a search warrant. He or she can be held in just about any location, for any length of time. One’s phone can be tapped at the stroke of a faceless officials pen. And if you are well connected you can have soldiers guard you, hound you’re your rivals, harass villagers off their land or just carry your suitcases.

Rise of Factionalized Elites (Score 7.8/10). The Global Aids Fund saga and now the NSSF debacle has put paid to the image of the NRM as unified and strong monolith. The scramble for power and the need to grow in stature and wealth has revealed factions amongst the ruling elite. Currently Amama Mbabazi is in the blue corner and Jim Muhwezi is in the red corner. The sycophants are falling in line and the rest of us look on wondering where our next meal will come from.

Intervention of Other States or External Political Actors (Score 7.8). Uganda has regionally perceived to be the proxy for the West (read the US and UK). It requires that Uganda to do the dirty work: be buffer against Arab Sudan, shake up the Congo and get at the minerals, fight terrorists(?). In return the West looks the other way as the issues above grow.

Hail Maximus!!!

2008-10-14T18:00:00.006+03:00

My name is Maximus Decimus Meridius,

Commander of the Armies of the North,

General of the Felix Legions,

Loyal servant of the true emperor, Marcus Aurelius.

Father to a murdered son,

Husband to a murdered wife,

And I will have my vengeance in this life or the next.

Are You Still Holding Your Tongue?

2008-10-12T12:41:00.002+03:00

Around one year ago the Uganda parliament passed a law that made it mandatory for all phone companies to have a permanent link to the government Communications Monitoring Centre. Reason: the security can prevent terrorism and treason by having unfettered access to the private conversations of Ugandans.

Previously, as in many other countries in the world, the police would have to get a judge to sign a court order authorising a phone tap. And this was on a case by case basis. This was obviously required in order to protect the civil liberties of the individual citizen.

However, it is commonly believed that illegal and unconstitutional phone tapping has been going on for years, only it could not be mentioned in public and subsequently such evidence is inadmissible in a court of law, as evidence acquired through an illegality is basically null and void.

All that is required now for your phone conversations to be tapped is authorisation from either:
Minister of Internal Affairs
Minister of Defence
Head of Internal Security Organisation
Head of the External Security Organisation
Inspector General of Police
Commissioner of Prisons

There is no oversight, no checks, no balances, no protection of my civil liberties.
The sad thing is that we have all said absolutely nothing!! Not a squeak. So either we are too afraid to say anything or we believe the line that Uganda is under clear and present danger of a terrorism attack.

What I do know is that everybody I talk to seems to watch their words very carefully and often we have to drive to a meeting place to complete the conversation. What goes unsaid is that someone might be listening in on our conversation. The benefits of modern communications are all lost and we are back to the basic face to face chit chat of days gone by. May be that’s not such a bad thing, but its happening for all the wrong reasons.

Am I just paranoid or are you watching your tongue too?

Investing in the Uganda Securities Exchange- 2 years on

2008-10-10T13:30:00.005+03:00

Two years ago I took the plunge and bought my first allotment of shares on the USE. It was the stanbic Bank IPO. A novel idea for Uganda and the public was understandably not too sure what it was all about and consequently did not take up all the shares on offer. Regrettably I bought fewer shares than I should have because I thought the issue would be over subscribed and thus I would spend days trying to get a refund.

As it happened I got my 20,000 shares, at Ugx 70/- and it had appreciated to a high of 255/- at one point, well over 300%. And I was delighted, wished I had bought more, but by then the price was too high. It is profitable company, pays good dividends per share, has a large market share, I am happy to hold it as a 'blue chip' stock in my portfolio.

I have not invested much more on the Ugandan stock exchange, deciding to go for the nairobi one instead. it has more choice on offer and is far more vibrant. But that does not mean their is no money to be made in the USE.

How ever, as any shareholder will tell you there is a crisis worldwide and it has affected us too. Shares prices are down....sharply. My beloved Stanbic is trading at 150/-. I have resisted the herd mentality that is saying sell, sell, sell. And the reason is that there is nothing fundemantly wrong with stanbic, it is still worth more than what I paid for it. And compared to a savings account, shares (equities) offer a better return on investments as long as you take a mid to long term view of them (3-5 years). There may be dips in the market, but these are often wiped out over the long run, just make sure you only invest in businesses you understand, not ones that seem fashionable, read the fiancial press and take professional advice when necessary.

currently people are scrambling and selling their shares left right and centre and definitely making a loss. The savvy investor with the cash then picks up the good value stocks at low prices and makes a killing when the market recovers. That said, it is understandable that ugandans are still on a learning curve about investing in stocks and we should take these ups and downs in stride.

Can Uganda Survive the Global Economic Meltdown?

2008-10-01T13:34:00.004+03:00

One of my favourite columnists is Sunny Bindra in the Sunday Nation. He offers simple, but damn practical insight about all things commercial. In his latest column he dissects the current turmoil in the US banking sector and its impact on the Kenyan economy.

Why it caught my particular attention was the fact that I read last week that Dr. Maggie Kigozi, head of the Uganda Investment authority, declared that the country would not be affected by the economic crisis.

How naïve indeed. Sunny Bindra did point a couple of insights, that show how inter connected our economies are, even in deepest ‘darkest’ Africa.

Our search for foreign direct investment (FDI) is likely to hit a brick wall. All global multinationals are tightening their belts and aiming to maintain cash flows. So investing in a housing project in ntinda is not likely to show up on their radar screen.

Uganda relies heavily on donor aid to support its capital and recurrent budget spending. 50% or there abouts. With the US government pouring 700 billion dollars into the black hole that its financial system has become and the EU doing the same with 30 billion dollars, there can’t be much left over for their international development commitments. So we should expect an aid cut and with it, renovation of your local district hospital will be delayed and the micro finance loan facility will evaporate…end of ‘Entandikwa’ etc.

Tourism has been a growing component of GDP. But foreign travellers are very sensitive to changes in the global economy. They tighten their spending and the easiest cancellation to make is a holiday in a far away exotic land, considering that they are not sure if they will still have a job next week and the current oil price has made long haul flights a luxury, again!

And we cant't export anything if no one is buying our fish, simsim, bananas........crude oil (I guess not yet).

All is not necessarily lost, especially if Uganda is a well managed economy (Choke!!!). The NSSF land scandal is still fresh bile in the public’s mouth and it keeps getting worse. Last sunday's East African newspaper said that there is a massive loss at the East African Development Bank (8.9 million dollars) this financial year and attributes it to loans made to well connected NRM business insiders, that subsequently are poorly performing ( Of course they are).

We need to brace ourselves for tough times and don’t expect much help from Big brother, he cant even see it coming.

Hands Off The mini Skirt!

2008-10-01T13:21:00.006+03:00

I try to keep off frivolous chat, but this thing about banning mini skirts has got me irritated. I had to watch the Minister of ethics and integrity, Mr. Nsaba Buturo, lecture the nation about how we are conservative and thus not used to seeing women ‘almost naked’. Apparently its not our culture.

Well lets explore a little:

Since he decided to let loose the tradition genie, lets start there. Isn’t it true that most young girls in African tribes wore short skirts made of animal skins and bark cloth. The skirts only getting longer when the girls got married…..not before!

Secondly, can you just imagine a prosecutor standing before a judge , demanding that young Nakawunde needs to be jailed because her hot pants caused an accident on busy William street. Its so ridiculous it buggers belief. How idle are we?????

And for Nsaba Buturo to claim the moral high ground as the guardian of what is Ugandan is laughable. Uganda is a nation with thousands of people in north who have never been back to their homes in decades, a raging hepatitis E epidemic, a crumbling education system, ministers who steal money from aids patients and more ministers who take advantage of worker’s NSSF savings.

Instead of taking the high ground on this, the Mr. Buturo decides it is mini skirts that are a priority. Perhaps it’s the news value……he is a politician after all. Or is it a distraction…………….. Yes, I do believe in conspiracy theories.

My two cents would be:
If you have a body like Naomi Campbell then please set the streets on fire, stop traffic if you have too!

If you don’t have a body like Ms. Campbell, and instead have a body mass index greater than 30, then set us free and cover it up. There nothing worse than an out of shape woman who looks like she will have to use hedge clippers to get out of her dress.

Down Memory Lane

2008-09-21T12:25:00.004+03:00

(Photo: malcom McCrow)

Any guesses where this is in Kampala?

Books, Books and More Books.

2008-09-18T17:54:00.006+03:00

I came across a post on the Ugandan insomniac's page. It was all about books we have on our shelves and yet we are embarassed to say we have not yet read.

So here's my spin on this:

Books that have given me the greates joy!!!!!

Tick bite fever
No.1 ladies detective agency (series) ( Alexander McCall)
Miguel Street (VS Naipaul)
Purple Hibiscus (Chimamanda A)
The Prince (Machiavelli
Shogun (Jame Clavell)
Asterix
Tintin

Books that I have and have not read (Shame!)

Great railway bazaar (Paul theroux)
Isles of Oceana (Paul theroux)
A bend in the river (VS Naipaul)
Art of War

Books that I seriously need to buy ( and hopefully read)

A long walk to freedom
A house for Mr. Biswas

Books I have been told that if I haven't read then I am semi literate

War and Peace ( oh lord!)
Heart of Darkness
Midnight's children (salman Rushdie)
100 years of solitude (Garcia Marquez)
A suitable boy(Vikram Seth)

Books that I cant be bothered to look for

Rich dad Poor dad
The monk who sold his ferrari

Buying land in Temangalo ( The NSSF way)

2008-09-06T17:44:00.005+03:00

Two weeks ago the story broke in the papers of a land deal that the NSSF was involved with that has the public shaking their heads in disbelief. It runs something like this:

Minister Amama Mbabazi has 400 acres (or so) of land to sell in Temangalo.
He asks the NSSF to buy it off him.
The NSSF, in their wisdom, realise its a serious case of conflict of interest, so they 'cleverly' advise Mbabazi to first sell the land to Mr. Amos Nzeyi (well connected business man and owner of the ugandan pepsi franchise) and they would then buy it off him.
Mr. Nzeyi, being the entrepreneur, adds another couple acres to the lot and then sells a total of 463 acres to the NSSF
Parliament sees red and demands an explanation!
Simple arithmetic shows that the land titles add up to a lower acreage than was purchased (414 to be exact).
The government valuer was avoided because he has 'frustrated' the NSSF before and so a private valuer was engaged and he put the value at 10 million Ug Shs more than two previous valuers.
The NSSF used an external lawyer to facilitate the deal ( they do have a whole legal department), only for it to be discovered that the same lawyer is also the minister Mbabazi's private lawyer!
And the bank (NBC) that handled the transaction on behalf of the NSSF has the minister and the chairman of the NSSF as shareholders.

Do we need to be rocket scientists to realise that something is not right! How much more can the public take of these blatant theft and influence peddling, SURELY!!

Or is is this the wake up call we needed, liberalisation of the pension sector!!!

Dare I say I told you so

2008-09-06T17:17:00.004+03:00

After a such long lay off, technical reasons, I am back to blogging and am determined to make a better meal of it, now that I have a jet powered laptop and a great internet connection.

So I cannot help but start off with with one of my favourite subjects and that is airlines. especially our beloved Air Uganda. Remeber her, that beautiful plane and all the optimism and hope of a land locked nation resting on her shoulders, everyone praying that she woould take on the big red machine (KQ) and win.

Well despite the deep pockets of the Aga Khan development fund and the management expertise of Meridiana airlines, the cracks have appeared and even grown into fault lines!!!

The 98% on time performance has gone to the dogs, delays lasting hours and even days are not uncommon. And the image has been shattered. Apparently they are down to one plane instead of two, what ever the reason, and what a mess they have left alot of people, including many who recommended to friends that this was the best option to Entebbe.

Air Uganda is so constrained that it has cut its flights from 2 to only one, in the evening.

Well in the real world patriotism can overcome delays, inefficiency and poor options only for a short while. Busy lives and un missable flight connections cannot allow us to patronise Air Uganda for much longer. And KQ is not standing still, they have finally acquired a replacement for the B737 that crashed in cameroon and shoould be back to full strength in a jiffy.

Are we about to watch another brave Ugandan David get devoured by the Big red Machine, I will close my eyes, the thought being to painful and the puch in the pocket too gut wrenching

Oh Lord! Not Again!!!

2008-03-19T14:55:00.003+03:00

First we were told Revolutionaries Live forever.Then he came and promoted a lieutenant to a major.Now we are told revolutionaries cannot retire, apparently term limits are not African.Honestly!!! Anyone who thinks we do not need presidential term limits in Africa needs a serious psychiatric evaluation, especially when you have thousands of sycophants cheering you on.

Battle of the Skies

2007-12-03T13:10:00.001+03:00

Well finally we have another David trying to take on Goliath. This time in the name of Air Uganda. We can only hold our breath and hope not to turn blue!

Air Uganda is a consortium that is made up of Aga Khan Development Network and the meridian airlines group from Italy. This is clearly a total departure form the amateurish attempts of the East African airlines and the VIA to take on Goliath (Kenya Airways). This is a well heeled, monied and managerialy experienced outfit, which they have to be because KQ takes no prisoners.

The Nairobi-Entebbe route is undoubtably one of the most profitable in the world, from an airlines point of view. And the most unbelievably expensive route if you are a passenger. After all its just a 45 minute hop, so why on earth do you have to pay $350 for a return ticket. You can almost get to Dubai with that and that is a 5 hour flight!!!!!!

The answer comes in one word, MONOPOLY. KQ is king on this route and if you dont like it catch the bus. They can afford to undercut competitors just top put them out of business and then raise the price again. They have doen that so many times.

Thats why Air Uganda is a different kettle of fish, its backers have deep pockets and are aware of the lurking dangers of this bare knucled fight. But they have public goodwill and they also have a KQ straining under the load of too many passengers and too few planes, they are victims of their own success and passenger service is going down hill, delays are a fact of every day life.

We thus can only look forward to having more compettition and hence better pricing on the Nbi-Ebb route.....afterall we do deserve it.

But then again, is a duopoly really a competitive environment. What stops these two chaps having a coffee break together and fixing the prices...........Yes it can happen, so we watch and wait.

Hitting the Uganda Stock Market For Six

2007-11-30T15:34:00.000+03:00

Well almost a year ago I made my first tentative steps investing on the USE. My target was Stanbic Uganda. And we all heard the rumours of who mught be the real shareholders of this patch of financial muscle......thats kabozi for anoher day.

Now the IPO was a roaring success as Ugandans and kenyans dived in head first and that includes myself. The price was an attractive UGX 70/-. Which in all honesty was a good deal indeed, considering the way the bank has been performing, paying dividends every year to shareholders for quite a while.

Now the price of the shares is UGX 205/-, that is almost 300% growth in value in about a year!! Am I pleased? Very much so. It has balanced out the lower returns my Kenyan shares have given, by a mile.

With my appetite whetted for more stock action I am eyeing a couple of shares in other Ugandan companies.

An MTN IPO would be a dream!!!

Research in the Bag

2007-09-13T15:49:00.000+03:00

I don't know if you saw this story in the papers 2 days ago, but if you didn't well I will give you a brief summary:

A bag with over 20 million Ug Shs was stolen from the official car of the Commander of Defence Forces, General Aronda Nyakairima. The money was for his 'Research' Project! And his body guards have been arrested and will soon be court martialled.

Its not the fact that the theft was attributed to indiscipline and not low pay in the Forces that left me gobsmacked, but that the fact that someone so high up the food chain would have to carry research money, in cash, in his car!!! That begs the question what is the research project and why is it not managed as part of the regular military administrative duties and pay outs made via the paymaster??

Was the research proposal reviewed and passed by an ethical committee??? But would anyone dare to reject the boss's proposal?

I can only amuse myself trying to imagine the good general himself haggling with his irritated and overworked'research' assistants out in the fields somewhere, and trying to beat a deadline.
Oh Yes: And the world Journal of Military Science is interested in the end result.

Or is there really a research project?? HAAAA!

But then again, this is the republic we are talking about....things are done differently.

Our History is Back

2007-02-09T21:40:00.000+03:00

Our history has come back to Haunt us. As always.

Forrest Whittaker just played, to much critical acclaim, Idi Amin in the movie 'The Last King Of Scotland' and to be honest I have decided not to watch it because I feel it it will just bring back all the painful memories that many of us carry.

The trauma of the years 1971-79 have left few families unscarred. We all have an unle Fred that nobody can quite tell you what happened to him., just that he died during 'Amin's time'. The wounds have not quite healed, but like the truly stoic people we are, we quietly brush it under the carpet and act like nothing ever happened. The onus is on the inquisitive to let sleeping dogs lie.

I remember the famous travel writer, Paul Theroux, comment that when he visited Makerere after many years he found all the students he met always asked him what stories they should write about in order to be successful. His answer was simple, 'write about your own lives, your history.'

And there is the paradox, our history is rich, and our stories numerous, but nobody is writing them. Trauma is not a reason not to talk about the gaps in our lives. If the jews had followed this line of thinking, would we ever have heard of the Holocaust?

So now someone else is doing the writing for us. I am sure 'The Last King Of Scotland' is great, but it is written from the perspective of a fictional scottish doctor in Uganda heading out into deepest, darkest Africa in order to find himself(or was that supposed to be Bob Astles?).

Try as we might we might, we cant shake this monkey off our backs, and now with Forrest Whittaker winning the Best Actor Golden Globe, the BAFTA's and a good bet for an Oscar for playing the role of Idi Amin, this will have the effect of invigourating the global image of Uganda being the place where that 'Man' was president........some people actually still think he is.

Its a stigma we dread, one we try to hide from, even when we travelling all the way in far off New Zealand. But that 'Man' is going nowhere, probably enjoying our discomfort, all from the comfort of his grave. Thats our history and we need to confront sooner or later..

Only on Nalubale!

2007-01-31T01:45:00.000+03:00

Only in Uganda!: free enterprise, private initiative, innovation and the insatiable desire to talk.

Stanbic Has Landed

2007-01-26T16:24:00.000+03:00

From a IPO priced at 70/- a share to one priced at 205/-, that is almost 300% investment growhth. Not many investment schemes can deliver that. And it is a well deserved pat on the backs of all long suffering sons and daughters of the soil.

I bought 20,00 shares, on the 2nd last day of the offer.......and boy am I smiling, wish I hads bought more, just did not think I would be allocated a bigger share.

Its great that a public holiday has dampened a bit of the euphoria, because the hard work of maintaining ones new found wealth, and more so keeping it growing, has begun. The stock market can be a ruthless place for the unweary, but with knowledge and research one can make a tidy profit.

International fund managers and other institutional investors who missed out on large block of shares will be buying up on the secondary market and this may drive up the price further, tthen it will decline to a lower level and stabilise.

Stanbic traded 4 billion shillings worth of shares on day one and now has a market capitalisation of $585 million!! This is second only to KQ and EABL on the USE. One must realise that Ugshs 203 for this share is peanuts for the kenyan investor, so expect greater demand and even higher prices when the USE merges with the nairobi Stock Exchange.

In other words: HOLD ON TO YOUR STANBIC SHARES!

A Kenyan Colony?

2007-01-21T20:57:00.000+03:00

I am sure many have read the article by Dr. Ian clarke that appeared in today's edition of the sunday Vision newspaper. He simply stated something that we all have noticed, but typically we mutter under our breath and look on.

The invasion of the kenyan professional manger on the Ugandan scene is a well established phenomenon and shows no sign of subsiding. The entire senior management of many multinantionals and subsidiaries of kenyan companies have all been hired almost exclusively from across the border.

This in itself is not a bad thing as they have capabilities that the 'locals' may not have. and for ther economy to grow it is always necessary to import migrant skilled labour from anywhere on the planet if necessary. But is there really that dire a shortage of skilled local labour??

What isn't okay is the fact that ugandan professionals in Kenyan do not enjoy the same upward mobility. Getting a work permit is an absolute nightmare , even for someone who has lived and worked in Kenya for 10 years. You are treated like you arrived just yesterday.

It is also a fact that there is a very obvious glass ceiling in many compnaies above which a non citizen can not be tolerated......ask the Ugandan pilots in KQ. Their stories are tragic, they are confined to flying only the oldest planes in the fleet, 737-200, and thus can only fly in East Africa. Advancement is non existant, even after 10 years of service.

The fact one manages to hold a work permit does not mean your spouse will have one too. In fact the odds are never. This also applies to foriegn wives of kenyan nationals too. The pressure is basically on you to change your citizenship.

So it is quite painful to see how welcoming and should I say naive Ugandans seem to be. We are not being treated as we treat others. Hasn't the time to put ourselves first come! The lack of patriotism and self worth is disturbingly present in our psyche.

Our leaders willingness to hand over everything, including the family silver to anyone, especially foreigners, with unbeleivable prejudice towards fellow ugandans, without as much as a second glance is a tragedy that we need to confront, sooner rather than later.

A new econmic beginning???

2007-01-18T16:41:00.000+03:00

The Stanbic IPO is now officially over and the returns are in. We all have got the shares we applied for and for many this is the birth of their stock portfolio. With it will come the ups and downs that the roller coaster ride called the stock market will bring.

But the upside is that it is also a new dawn in the way people save and grow their wealth. I need not go into the lousy interest rates that banks offer and the very high ones they charge when you go to borrow it back!! Now a new way of investing money other than the usual suspects: land, houses, bufundas and the very fashionable but rediculously named high schools.

Expect to see unit trusts or mutual funds showing up on the scene. Expect more companies to launch IPOs, no doubt impressed by the long queues of eager citizens, having dug up the money from a hole in the bottom of the garden and coming out to buy shares. These are truly exciting times.