Opinion: Mwenda’s life shouldn’t be in focus, there are so many other important political questions unanswered right now in Uganda!

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I find it weird that the Facebook posts on Facebook are addressing the sexual preferences of Independent Magazine editor and owner Andew Mwenda, the man who has gone from a lone voice for the citizens to suddenly sounding like a regime imposter. Still, that is a another discussion than what has been on the web of late. Whatever sort of love-life he has is in my opinion his business, unless he marries and get wedded to the daughters of President Museveni or related to his kin. If so, than he is part of the Movement elite and the discussion of his “free” mind would be more in question, than it is already is after the revelations of late about his economic transgression with Rwandan Government and other questionable clientele.

Still, the bum-fun and the dirty dozen is the questions that are trying to figure out, instead of discussion needed political transgression that needs to be addressed, as of all of sudden in Masaka where there only green area that is saved the Masaka Golf Club, but the rest of land is grabbed by rich Chinese investors in haste that seems more like a heist than a power move from the buyers of the land. As they have sealed of land for banking business without proper titles or informed the other Central Government and not even the Local Government; the Local Council seems also boggled as much as the Masaka Golf Club who even written a letter to Central Government on the 27th December.

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This is interesting enough as the trial and imprisoned soldiers that came from the UPDF garrison in the AMISOM mission, that has already leaked pictures of torture where the fellow who are alleged for selling weapons and ammunition to Al-Shabaab warlords that the AMISOM mission tries to squash and get rid of, apparently have been mistreated by their own before a trial and proof of evidence. Soldiers and men who are serving the military and one apparent wrong to selling equipment while being on tour; still, the reason for these activities is that the UPDF and Ugandan Government haven’t paid steady salaries and the hungry fighting soldiers has to get funds to sustain themselves. Even stealing and selling ammunition to the ones they are trying to fight. That shows how wrong the systematic eating of the Central Government towards their own, how forgotten and how the mismanagement of funds from African Union and United Nation in the AMISOM army. They even torture their own who has done the last resort to pay themselves as the soldiers needs to eat food and send their family needed funds. That is why they signed up in the first place, not because all of them loves to shoot-to-kill. We already has seen during the years that the Ugandan Garrisons has sold gasoline and other equipment to sustain themselves, so that the soldiers goes to these extend says something about the arranged maladministration from the top to the bottom of the food-chain.

These two cases alone should be put on blast, more than the Mwenda’s troubles and that he cannot keep his house in order. That the land-grabbing happens as rampant that the commercial golf-course in Masaka reacts by the Chinese land-grab should put the fear in the locals and the ones who feels that the state shouldn’t just move people and take away land for a simple dime without consideration of the Local Council and Local Government, because the Central Government really needs funds. That is evident with the recent case of soon starting to print own monies that even the Bank of Uganda, fearing the inflation and devalued currency that could make the hyper-inflation as pure case for Uganda. So that President Museveni can follow the suits and shades of President Robert Mugabe who made it possible in 2007-2008. So the 50,000 note wouldn’t be biggest anymore after the start of printing. The Ugandan Citizens might have use 300,000 to buy a hand of tomatoes at the market and pay for a short ride on a boda-boda 100,000 instead of the about for instance 3,000 now. So the biggest note from the Central Government of Museveni will be after the deal is sealed is 500,000 or even a 1,000,000. That is if his business partners are lucky and get their hands in the cookie-jar while the citizens will struggle more to pay for ordinary products. That is the worst case scenario, but not far away from the regulated funds and monies in the market might be juked and fixed to the moment of brilliance of Museveni instead of technocrats that can keep the inflation at bay.

Still, people are more worried if the Mwenda has a gay-lover or more, if he has a girlfriend or even if has land overseas, as the editor is that special and needs to be discussed in this matter. Like Tamale Mirundi needs to explain how he orders tires to his taxis, buses and how make his wife happy. Instead of us hearing and understanding their machine mouths of ignorance, brilliance or nonsense depending on their day.

We should be worried of the debate, the level of what is important when the national dialogue goes on this while we haven’t gotten answers for the apparent violation of movement and religious activity as the Police Force and the other Security Organizations went into the Nakasero Mosque in the middle of the night without any pre-warning and raided the holy-house on non-existent intelligence during the Christmas Season.

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We are not to may days ago since the UPDF and Special Force Command burned the Bukihari Royal Palace in Kasese. The Kasese clashes and the deaths of several guards, police officers and soldiers during the bloody days of November 2016; this together with the aftermath where the Ombusinga bwa Rwenzuururu Charles Wesley Mumbere are lingering on treason charge at Luzira Prison while the state and security organization isn’t delivering any profile or case worth talking about. But they could pull the trigger and delete the existence of Royal Guards, kids and other bystanders as the UPDF, UPF and Special Force Command had no issues killing hundreds of people during 48 hours.

Still, a month after this we have no answers, a silent President Museveni who couldn’t care less about the killed and slaughtered citizens in Kasese and in the sub-counties close to Royal Palace. This done without precautions and done with purpose to unsettle the area and also keep people afraid of the Central Government as they can go in with all weapons and guns on civilians without any warrant. Just like they did at the Nakasero Mosque, we will see more of this as the NRM Regime doesn’t care about the loss of life and the viable aftermath after the violence. They are trying to shade over the deaths and move-on. Like they families of the dead can get a new father or mother. They just vanished in the middle of no time and without any charges except the bullets from security organizations from the NRM regime.

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When we have all of this, as much as we have a Parliament who are just thinking about themselves and not the public, why can I say that because the MPs are more important that the rest of the ordinary paying citizens who pays taxes on their salaries; something the MPs in Uganda doesn’t have to care about. While that is happening after all the newly created districts and new levels of MPs the old Parliament in Kampala is to small and doesn’t have enough facilities to the loyalist of Museveni. They need bigger space and that cost, so they can divert funds to fix the building and chambers to be filled with all of them, even if they are not always there and instead fixing suits, fixing fresh posh cars and other casual business. Like a MP who we’re caught during December that he wanted to pay over 1,5 million shillings for a three-some with two female Makererere Students while their University we’re closed. The disgraced MP has not answered after the leaked conversation came unto the web. Still, that discussion is more interesting than the bumping movements of Mwenda.

People shouldn’t dance easy just because these men are Honourable, they are MPs because they are “elected” by the people and they are paying for their existence. Still, they are fist eating without any courtesy and now their workplace get upgraded, while schools are falling apart, teachers payments are inadequate and they even has small farms to feed themselves; while the same teachers are seeing ghosts being paid to secure the local government needed funds to their post cars. Still, the MPs let them walk because the allocations are happening slow and never as much as the budget. They claim there trouble in the system, but not the people who are doing this to eat of it in the Central Government so that the ones in districts has less or nothing to eat off. That is the current state and in this state the MPs decided they doesn’t deserve to pay tax and secondly deserves a better working condition. This is disgraceful to all the diligent civil servants who doesn’t get their salary on time or getting needed funds to keep their buildings, schools and police station that are falling apart.

This is the reality of Steady progress, the proof that the Yellow Movement is a poof, it’s a created manufactured design to divert attention while the President is having a splendid time. Let you forget the torture, the mismanagement and the greed of the MPs. While the system are led by a party where the NRM EC Dr. Tanga Odoi has also been going unpaid and even Justine Kasule Lumumba had to go public and tell that the Movement we’re broke. So dope the Party running the country, the steady progress has let their men and woman go without payments for 6 months. As fresh funds has dwindled. NRM are like Central Government very broke and out of bound with reality. They are spending stupid and not caring about the consequences. Therefore the solution in the silence to print own currency together with a company that is inter-connected with the Museveni clan; that is double payment for the Executive while the citizens pays to pay for their money. A brilliant idea, but also a way of certify the inflation, if they are actually going through with this arrangement.

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Still, people care more about the donuts that Mwenda is eating. So beautiful way of spending Christmas season discussing the dumping grounds of a editor, instead of torture, ghost-salaries, land-grab or Parliamentary Mismanagement where the systemic idiocrasy of Museveni gets into the same speed as Lewis Hamilton on the Formula 1 race track in Dubai. That speed is so fast we cannot follow all of the curves as the track is burning after the wheels leave stains on the tarmac.

The same is happening with real news when the Editor is in focus for his love-life and not all of these government acts. The Ugandan President Museveni should be happy his family and elite can run their Wild West show and let a egocentric writer get all the attention. Still, the people and citizen should react to the UPDF; question the acts of Kasese and not forget together with all the other current events. Peace! 

Burundi: “Gabriel Rufyri réagit au #Budget2017: “L’Olucome demande au peuple du Burundi de demander à nshingamateka de supprimer les surtaxes” (22.12.2016)

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Opinion: Polarization will be the key protocol to follow in 2017!

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No matter if it is local politics, if it international or trade, the most important backbone to policies in the next year will be polarization. That is not Polar Bears dancing on the dwindling ice, if so the U.S. TV station would have better ratings. No, this is the importance of local and national industries, while stressing ignorance towards immigration and imports to add more GDP value and also stop inflation. A balance that is hard to carry as the trust in local currency and local production doesn’t change overnight. That has to happen with steady policies and ability to trade products and create market for the ones that we’re in the past produced far away.

Definition of polarization

1:  the action of polarizing or state of being or becoming polarized: as

a (1) :  the action or process of affecting radiation and especially light so that the vibrations of the wave assume a definite form (2) :  the state of radiation affected by this process

b :  an increase in the resistance of an electrolytic cell often caused by the deposition of gas on one or both electrodes” (…) “2 a :  division into two opposites b :  concentration about opposing extremes of groups or interests formerly ranged on a continuum” (Merriam-Webster – Polarization, link: https://www.merriam-webster.com/dictionary/polarization).

We are dividing ourselves while the world is into more conflicts that need assistance and securities to secure peace. There internal conflicts in Burundi, Democratic Republic of Congo, Ethiopia, South Sudan, Somalia, Afghanistan, Yemen and Syria. Where the conflict is bloody, where people are detained for the political affiliation, where innocent dies in the streets and where guns are imported to silence the ones who is not succumbing to the regimes who hold power.

We are living in a time where opposition victors doesn’t get into power, because the leaders of old are not allowing and keeping power by the gun, are using the police force and army to monitor the opposition and even rigs the election to secure the “validation” of their rule. This has happen in many Republics and Nations this year and proves that progress of governance and accountability is dying, like innocence and justice is impartial and only for the elites. The rest of us just have to be lucky to see just systems and laws for the common folk.

Like Adama Barrow is the President-Elect in Gambia, Jean Ping should have become the President in Gabon, Dr. Kizza Besigye in Uganda and Moise Katumbi should have risen to power in DRC if there we’re any justice and transition of Power in the Republic. But the big-man and long ruling Presidents of these nations doesn’t give-in or leave office. They continue to stay without any fear or without any mercy as the monarchs they acts of. Instead keep polarising the political elites and societies with paying the elites and silencing the ones who stand in their path. Also, by forging alliances with nations to make sure justice doesn’t prevail in their path.

While these tragedies are appearing in front of our eyes in our times, the borders and the helping hands are not appearing, the funds and allocations of necessary funds to the refugee camps, the direct food aid and agents of humanitarian actions are not sufficient. The reality of these missing steps should boggle our mind and should freeze our hearts out, as the news of burning convoys into Aleppo, lack of food into refugee camps in Adjumani in Uganda and the lacking rations of food in refugee camps in Tanzania. These should all be a reminder of the fate we have put our world in. The steps of lost grace and mercy on the weakest of humanity, where hospitals and humanitarians are put in the lines of bullets and grenades in between the battlefield as the soldiers fight for keeping merciless tyrants to stay in power.

While the superpowers are claiming the fight for justice, the innocent dies, the towns are battlefields and turns into dust, the graves are not cleared and the lives are lost in vain. This while UN cannot impose arms-embargoes or create a possible cease-fire to get civilians into safety, this while Italian and Greece authorities are working and trying to find ways to impose fleeing civilians on Turkey, because the rich European states fears that fleeing civilians could be terrorists. The humanity and just behaviour is dying while the states are flogging their responsibility to the ones in need.

We can question ourselves if this is right, if we can sleep knowing the indebtedness we have in riches. In the time of peace in our states, where we have possible houses and shelter for the ones fleeing possible genocides and acts against humanity; Europe impose stricter rules on immigration and Brexit proves the fear of Polish and other ethnic groups as they want to secure their borders as key argument to stop being an EU Member State.

We can wonder why the world has come to this that polarization of between ourselves the ones who see the innocent die and the ones who want to keep their own by any means. That the own nationals are going against each other and seeing it as only fit, instead of thinking for instance for a hot minute, what if the war came to our shores and to our homes, wouldn’t we flee? Wouldn’t we do what we could to leave our wealth, our riches to save our own?

Why shouldn’t the Syrians and all other who are in conflicts leave grenades, tanks and bombs, would we live on the streets with daily shooting and killing if we had an option to flee? Would we stay and risk everyday our lives to get a loaf of bread? I doubt that. We would travel to safety and to places where we could resettle and rehash the future of ourselves and our kids. If not we would be risking ourselves and the future of our kin. That is because it’s natural.

Still, the Europeans and citizens of fellow states don’t see it this way with fear-mongering politics and internal polarization of demagoguery, which is out of proportion. This will continue as these conflicts leads to more hurt and damage of lives, where more shelter and more merciless killings to stay in power, where more rigging of elections and more police-states are controlling the civil society. Where the states are more totalitarian and the power controlled by a little elite, while the average citizens are struggling, they will seek fortunes other places instead of in their birth-nations. Just as we would do if our destiny we’re in the limbo, if our homes were shacks and our sockets could electrocute us.

So the world of 2017, will be inflicted with the unfinished business of past, like all years has been, with as much uncertainty as the start of 2016, but with new issues and new struggles, with new people behind bars because of political affiliation, more families lost loved ones because of demonstrations, more people fleeing as the machetes and burning villages for land-grabbing, foreign investors taking land while locals cannot get deeds, as the central government are getting needed funds to supply the army with equipment and salaries, civil servants are left behind with reunification and it is happening so many places. Nobody confess nobody impose on it or even sanction this. We should question the economic challenges and the way they allocate funds, especially when many of these states get based government loans from the IMF and World Bank to basically could function; together with the reasonable taxation they can be able get from their citizens.

We shouldn’t silent on the merciless acts of men, we shouldn’t be ignorant of the world of oppression and fear, as the grand masters of our times are destroying and depleting lands for fortunes, as the multi-national companies see only profits and not see the populations they are forcing into unjust working conditions to trade resources into high profits abroad. These acts shouldn’t be forgotten, as industries and the trade are made for the international companies to gain and not all locals, therefore the polarization are created in these, create more havoc and even more injustice, as the unfair world we live in doesn’t give hands to ones in need. The rich can get it all, while the poor is lucky if they have enough for a jerry-can to buy water. That isn’t justice, that isn’t right when others are only drinking imported expensive French Water.         

We should questions the systems and revise them for more balanced between the rich and poor, for more functioning United Nations, for more diplomatic efforts and for stronger laws that cannot make Presidents into Emperors! The reality is that 2017 will start where 2016 and that is not in positive looks into the future, because the powers we have, the armies and police are targeting fellow citizens who deserves better. We all deserve better and we all should know better. Peace.

Opinion: MPs now become tax-exempt is just another way of being unaccountable!

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It is just one of them days where the madness continues at amp speed, where the government officials continue to eat off and sponge of the plate of the citizens. Where the concern for their own behalf counter their constituency and even their own conscience. With that in mind here is ill-spirited news from the National Assembly, the 10th Parliament of Uganda:

“This is after President Yoweri Museveni assented to the Income Tax Amendment Bill 2016. The Speaker of Parliament, Rebecca Kadaga told a plenary sitting on December 21, 2016 that the President signed the law on November 19th, which in essence means that their allowances on mileage and constituency allowances, sitting allowances for committee sessions, town running allowances, basic pay and car purchase allowances, will be exempted from taxes” (Parliamentary Watch, 22.12.2016).

Already as it happens, it is no surprise, none should be thinking that this could appear before the moon and sun, even the doubting stars would not dance of joy. They are just all where they, where are before and will be so after. Still, the constituency of these Members of Parliament, the people of Uganda should not accept this robbery, this negligent concern for their hard-earned taxed monies that been accumulated with vigour from the Uganda Revenue Authority.

This vicious attempt of eating of the spoils, the grandeur of greed while the people both in parties, in businesses and even civil servants doesn’t get paid on time. Banks are collapsing and businesses bailed out, still in this economic climate the wealth and richness are now beholden the men and woman who represent the ones paying the tax. It is amazing that a person earning little or nearly nothing pays VAT on products or on Airtime that become levied to pay for the tax-exemption of the MPs. Together with the ordinary paid tax on working hours and such. Still, the people representing the tax-base and the ones taxed are tax-exempt. Is not extraordinary, that the ones that leaders and representative does not have to pay tax and does not need to behold accountable for the work they do as representatives while they are serving the public.

We can question their moral integrity, the moral fabric of this design and act as they scrupulous extend their wealth on the cost of the population. The reach of malice and bravado that can only been seen as vicious attempt to allow thieving and become unaccountable. They are not ordinary citizens and not even careful law-abiding when it does not matter if they pay tax on their earned salaries.

The outcome of this matter is clear, they do not need to be accountable or even caring about transparency about their wages, their allowance and extra funds are exempt, and they can go by the merry, be jolly with the colleagues, and be sure that people won’t find out their real allowance or credible income. Since they are not really in need of filling that into the tax office or correct their income statement, since for reason number one: they are not levied any tax against in the near future. The law permits them to keep this in dark, the new forms of shady agreement and paid suits will be high flying and this while the proclaimed the URA has tried to put the memo: “have collected more money than ever before”. Still they have not counted in the estimated income or the current inflation to why the amounts of shillings collected has increased!

With that in mind if the collection and disrespect for paying tax will rise in the near, it is understandable as the disgraced MPs are sponging with no concern for their constituents, not on paper and not with concern for their pockets. They are only caring about their own pockets, not the pockets are clearing their checks and balances by the end of the month. The allowances and salaries are now secured as much as their growing wealth as well.

This is disrespecting the law-abiding citizens who themselves pay their levied taxes and are responsible, everyone who contribute their hard earned currency to the plate for common good, that common good is not to be sponged on the individuals who represent the ones who pay. They are supposed to share it to generate a working government with institutions who servers the public and the people. As well securing salaries to teachers, doctors and civil servants, which is the MPs as well, but not for them to become wealthy.

These MPs, this President Museveni has forgotten the basics, he has forgotten policies and what makes a grand state, he has forgotten and it has dwindled in his power-grabbing ways. The thieving starts from him and ends with him, his sign and signature on a damaging bill that creates a vacuum between the citizens and the representatives in Parliament.

President Museveni has forgotten due-diligence and even self-respect as all he wants to do is eat and let his loyal elite eat; so they will vote for his bills instead of concerning them with the people, the citizens who they represent. They can pay for their cars, their houses and salaries, but the MPs do not need to be accountable or even pay tax for it. Because the honourable, the elite, these Members of Parliament think they deserve to be grander and wealthier than the ones they represent. In addition, how wrong they are, because they are supposed to understand and make the citizens life better and their needs for better future. Now they are only concern with their own. That is not a good look, it is a bad one and it is self-inflicted. Peace.

URA Public Notice on Kenya Commercial Bank (21.12.2016)

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Uganda: CSBAG statement on the Income Tax (Amendment) Act 2016 (21.12.2016)

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Zimbabwe: Export Incentive Scheme and the Availability of Cash to the Banking Public (19.12.2016)

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Kabila’s silent coup is happening right now!

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RDC Kikaya said: “The only pressure to which Kabila can yield is that of the people, and today the people are not exerting pressure.”

With the soldiers in the streets of the major towns in the Democratic Republic of Congo, as well as the police abducting and detaining civil activists of LUCHA and #Telema who are planning demonstrations against the regime in Beni, Goma, Bukavu, Kisangani, Lubumbashi and Kinshasa.

The sections of major towns we’re already filled with road-blocks and soldiers put in important roundabouts before the 19th December. Therefore the Police and Army we’re preparing for the worst and we’re ready to fire if needed be. They had the mambas; this was done with the jeeps and the Armoured Personnel Carrier (APC) that we’re stationed in significant areas.

Together with the social media shutdown where the citizens are supposed to use VPN instead of normal internet connections to get airtime as the central government has planned to silence WhatsApp, Facebook, and Twitter and so on. Because of this the M7 Media house has even decided to take vacation today until 5th January 2017. That because of the silencing of the media and even fear for the opposition would react to the overstaying of President Kabila.

Today alone 11 Rassemblement opposition figures we’re arrested in Goma. Total activists arrested in Goma during the day we’re 41!  In Kinshasa the UDPS party offices we’re besieged. The University of Kinshasa #UniKin has also been besieged as the students are silenced and stopped from demonstrating.

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Eastern city of Kalemie we’re a place we’re heavy deployment of security forces from the morning. In Butembo there we’re worse incidents we’re 15 MONUSCO soldier, 20 FARDC soldiers, 10 Police Officers and 4 civilians all lost their lives today.

Even Opposition leader Franck Diongo was also arrested today. Proves what the authorities are doing now.

The media blackout has become really sure, not only on the social media but the proof of this is with the M7 Media house, but there are report of total silence and fear from the government towards the ones reporting on the siege of the country.

With all of the security operatives and the security organization in the streets, collecting and arresting the opposition, seems like President Kabila is ready for another mandate and another term where the ones who is not part of his team and his elite will be behind bars. The arrest and the detained opposition proves that the coup d’état is on the way.

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The coup is in the details, where the Police and soldiers together with massive guns are putting people into submission, to put people into fear and silencing the ones who wants another leadership and another executive of the Republic. The Third Republic we’re built around transition and President Kabila, but not for him to rule for life, the peaceful transition is in danger now as the dialogue has been there to make opposition busy.

#Telema and the decision to wanting change in the Republic seems to get civil activist behind bars, as they civil disobedience and demonstrations are not allowed, the blockade and the clear indicated security operatives proves the proof of tensions that are created with extending this mandate.

President Kabila is trying a silent coup d’état in the Third Republic, the republic who came from two elected terms, after a questionable election in 2011, now in 2016 he is trying to skip an election and continue to be in power. This is just another way of transition as he went for a few years from 2001 to 2006 without any election and now he wants the same for himself.

5 years he could walk in power without anything other than kingmakers and foreign influencers who wanted a smooth process to secure the Kinshasa government and the exported resources. This has happen without question and rapidly by all means. So, some of the government who ushered him into power might still want him there, even as the United States and European Union is now condemning the authority of Kabila. Secondly the Rwandan and Ugandan counterparts are not saying anything on the matter; they are indifferent as long as the minerals are exported through the back-channels there. Zimbabwe’s government we’re also important in the decision of Third Republic President Kabila.

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We cannot see that President Kabila wants to stepdown as he orders the army and police offers to detain, arrest opposition and civilians. Filimbi, Rassemblement, LUCHA and other activists are taken into prison because they want their just change. Justice and rule of law is now not a priority for the republic. The one thing that matters is that Kabila is ruling the nation no matter what the cost.

The cost is freedom, liberty and a torn not worth piece of paper constitution as long as President Joseph Kabila continues to rule over his mandate. The decisions to use Security Organizations to silence his people are the proof of the coup from the Central Government.

Now we are here, the Kabila government will now coup d’état itself into power, with the cost of its own people, because of the lucrative agreements and businesses kept by the state and sanctioned by the state. Kabila has no plans to stepdown and let anybody else rule. Even if it would be his official third term, we all know it would be his fourth as the transitional period should count as one!

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The Kabila Government is now stealing the nation, thieving the republic and taking the citizens for granted. Certainly the Republic and citizens deserves better, but a coup happens because somebody wants to take power, not get or give power. The power is now in hands of people, but the army and police can only be designated for a while, not for too long because that will create fatigue. The initial outcome is that the citizens become prisoners.

With the soldiers and police in the streets are part of the coup, they are keeping the citizens as prisoners in their homes and in the valleys, the streets are not safe because if you demonstrate then you could get hurt or in prison. The Kabila government makes all citizens criminals, because one man to stay in power. That is not healthy, that is not right and the people should react. The world shouldn’t only sanction the men with frozen bank accounts and not allowed to travel to the U.S. and the European Union countries.

The republic should have arms embargo and should lose donor aid, Kabila should feel the pinch of international community, his closest businessmen and the ones in his elite be hurt by the multi-national organizations and bilateral agreements that the republic has. Republic of Congo is not owned by Kabila, still he acts they deserve him on the throne.

Kabila is staring his coup d’état with the Police and Army, the world should care because right now President Kabila is on the way on the world’s biggest heist. The heist is stealing the Congolese government and all the possibilities that come with it. Peace.

Zimbabwe: Secrecy and doubt around the Bond Notes as Barclays Bank in are separating currencies in their branches, as there are lacking trust in the currency!

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We should worry when details and documents proving that Barclays Branches are having forms that are made for both Bond Notes/Coins Deposit. The Barclays are issuing the numbers of the bank and the address of the bank. The other issue is that the Bond Notes are accounted on the value of coins deposit or another currency. Not the value itself on the Bond Notes. The Bond Notes are valued together with another currency, if it is South African Rand and United States of Dollar.

The Worry with seeing the form that Barclays Limited Zimbabwe has created this form where they are valuing the Bond Notes and also separating it. This is happening as the Republic already is lacking enough of the Bond Notes. Some are even questioning if this is the first start of a parallel economy and so you know what that means: “Parallel economy, based on the black money or unaccounted money” (Your Article Library).

So the values might be turned or changed as transactions have become more costly in Zimbabwe as well:

The value of transactions processed on Zimbabwe’s National Payment System (NPS) increased from $1,2 billion to $1,5 billion as the volume of transactions went up by 13 percent in the week the Reserve Bank of Zimbabwe (RBZ) introduced bond notes, a report by the central bank has shown” (…) “The RBZ has said it will release a total of $75 million worth of bond notes by the end of this year.” (Zimbabwe Mail, 2016).

With the cash-shortage and the promised delivery together with the volume of transactions in Zimbabwe proves the Reserve Bank of Zimbabwe wasn’t ready, neither we’re the Hon. Patrick Chinamasa has to keep up his promises and deliver a grand policy to revitalize the economy.

The RBZ has increased the rate of printing with the latest batch of notes worth $7million being delivered at Harare International Airport in the last few days a Ukranean Jet. But the development will worsen the plight of safari operators who have already experienced a 25 % slump in business this year” (ZimEye, 2016).

Since the Tourist doesn’t trust the currency, neither does the locals as the government and finance ministry are keeping the secrecy around the production and cost of the currency doesn’t add to the faith in the Zimbabwean Bond Notes, as the draconian state tries to silence the #NoBondNotes and #Tajamuka are getting real. The batches worth $7million of Bond Notes haven’t done what they we’re supposed to do, as they cannot even create trust between the citizens and the financial institution.

The Comment from the Independent are clear on the Bond Notes: “Government domestic debt — which stood at US$3,7 billion as at October 2016 — is clearly unsustainable. In a normal economy, Treasury Bills (TBs) are a useful short-term instrument for raising funds via open market operations. But in Zimbabwe’s case, TBs have not been deployed prudently. In fact, TBs are a ticking time bomb. Long before bond notes spooked the market, the authorities were churning out TBs which, to all intents and purposes, were effectively a local currency by another name” (The Zimbabwe Independent Editor, 2016).

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So when the Government has this massive debt and delivers a little bunch of currency that isn’t trusted because of secrecy, the reality is also that the Zanu-PF haven’t really tried to be honest about their approach on the Bond Notes. They seem like a giant loan from the Afreximbank who borrow the funds so the Finance Minister Chinamasa could afford to chip the monies on the public. So the public and citizens are in the paying for the added debt for a currency, which isn’t valued by anybody. Even the banks operating in Zimbabwe is making ready for a parallel economy with the Bond Notes. As we can question as the Barclays of Zimbabwe has separated the foreign currency and the new note.

In July 2016 the Afreximbank:

“The RBZ has said the bond notes, which will trade a ratio of 1:1 with the greenback, are backed by a $200million Afreximbank bond facility, from which they derive their name” (New Ziana, 2016).

So now the first batch was $7million worth out of the proposed $200million loans used to put the Bond Notes to the citizens of Zimbabwe, which I have proposed from the get-go is added in the debt into the hands of the citizens as they get indebted with the notes and also with the surging government spending.

There aren’t clear indications that the bond notes will add anything positives, as even the banks are now showing resistance and proving their little faith in the currency. Not only the citizens, but also tourists, visitors of Zimbabwe don’t even trust it.

Like this example:

“The informal traders lament that they are slowly losing faith in the new currency as it has been posing a myriad challenges towards their business, which is solely hinged on imported wares” (…) “The flea market traders import various wares from neighbouring Mozambique, mostly second hand clothes and shoes” (…) “Murayirwa further added that it becomes a challenge since the Mozambican Bureau de Change only cross rates US$ against Meticals” (…) “This is an unnecessary headache. Bond notes are going to kill our business. This business is supporting close to 1,000 breadwinners. Most of the people here were formerly employed by the major industries that closed and they had no choice but to come here to support their families. Yes we understand that government is trying to solve cash challenges in the country, but they are doing so at the expense of thousands of other families whose businesses are in jeopardy now,” said Murayirwa” (Nehenda Radio, 2016)

The Zimbabwean citizens struggle with paying and exchanging monies to importing things to sell at the markets, as proven with this example. The small-scale entrepreneurs who are important at markets to sell needed products at a decent price; they cannot do so if their currency isn’t valued. Therefore the trust of the Bond Notes is lower than when they we’re introduced.

The reasons are the secrecy and the uncertainty of the effects on the market as it was unleashed to the people. Still close to a month after the release there isn’t any proof of any good coming out of the currency, other than surely some unknown Zanu-PF cronies earning fortunes on it! Peace.

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Reference:

Nehenda Radio  – ‘Traders decry loss of business because of bond notes’ (15.12.2016) link: http://nehandaradio.com/2016/12/15/traders-decry-loss-business-bond-notes/#sthash.cEnubUzE.dpuf

New Ziana – ‘Afreximbank to state position on bond notes’ (01.07.2016) link: http://www.herald.co.zw/afreximbank-to-state-position-on-bond-notes/

Your Article Library – ‘What is the Meaning of the Parallel Economy?’ link: http://www.yourarticlelibrary.com/economics/what-is-the-meaning-of-the-parallel-economy/2720/

The Zimbabwe Independent Editor – ‘Govt’s budget a non-starter’ (16.12.2016) link: https://www.theindependent.co.zw/2016/12/16/govts-budget-non-starter/

ZimEye – ‘Secret Bond Note Printing Accelerates’ (16.12.2016) link: https://www.zimeye.net/secret-bond-note-printing-accelerates/

Zimbabwe Mail – ‘Value of financial transactions up 23pct following bond notes injection’ (15.12.2016) link: http://thezimbabwemail.com/banking-finance-34021-value-of-financial-transactions-up-23pct-following-bond-notes-injection.html

RSA: Court Ruling that Eskom can continue with the Request for Proposal (RFP) for the 9,6GW Nuclear Station (13.12.2016)

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