The UTL Saga: The state salvages the debt to resurrect the Walking Dead

This Mango has gone through a lot. A former state company sold to Libyan investors and after the Libyan credit started to fail. The Ugandan Telecom Company (UTL) or Mango started to suffer too. The Telecom have been so hard hit that three years ago the state had to take it over.

There been so many twists and turns, where the company have been rumoured and speculations. Even the Minister and owners was speculated to moved to a shell company in Mauritius. Therefore, today’s sudden windfall and paying off debts. Is only bailing out a sinking ship and hoping it still doesn’t sink.

The UGX 45.6 Billions to the TDB (Eastern & Southern Trade & Development Bank). With this payment of this debt. The state is initially taking over UTL. This as they plans to make the UTL attractive to investors again. Mango haven’t been viable for years…

The Libyan Post ditched in March 2017 and since then it has struggled. The Libyans said the Government of Uganda needed to figure out a transformation plan for the UTL. It has clearly taken three years to figure this out. That nobody wanted to takeover the loans of a company, which haven’t invested in Telecommunications in years. Where the changes of mobile data, 3G and 4G networks for smartphones. The UTL haven’t had the funds or the ability to change with the times.

UTL is struggling because the state haven’t been able to save it before now. The regime needed over three years to figure this out. This with the steady leadership of Evelyn Anite, Frank Tumwebaze and Gen. Kahinda Otafiire interfering all at different times. While they have all done their part … it still took the Committee until now to secure payment for the debts. This should have been resolved earlier, if they intended to make it viable business.

In 2017, Anite even wanted all Ugandans for Patriotic reasons should have one UTL line. Maybe, she thinks everyone has a Airtel, MTN and could have UTL sim-cards in their phones. As the usual person should have at least double or dual sim-cards.

This all been a long lasting saga, which shouldn’t take this long. It is a fledging company. A former state corporation privatized and sold for scraps to Libya investors. Who earned on it in the good times, but ditched it when it got hot. Because, it been years since the UTL been viable and been a commodity.

This Mango is rotten. The Mango tree isn’t yielding any fruits anymore. This is a Walking Dead Enterprise. A Telecom who has no traction and is only throwing good money for bad investments. The money could have been burned in a street or thrown down a storm-drain, and it would still have more sense then investing it here.

UTL is being saved, but was it worth saving? Does it have any assets or financial liabilities worth mentioning? The competitors are miles ahead and the UTL needs huge investments to be in the same arena. Do they think another investor will spend money like a drunk uncle in a market, which is already filled with big companies. Who has small margins and higher taxes.

Therefore, the ones doing it … has to be regime “friendly” and willing to throw away good money for a bad investment. Peace.

Opinion: Reminiscing about Maj. Gen. Kazini [and will Museveni launch a “new breed” of military entrepreneurialism in North Kivu?]

This isn’t a far fetched, ancient history and such. Many of the men behind the ills of the past is still lingering around. They are in the chambers of powers, having titles and being called “honourable”. These men used their opportunities in the past to earn fortunes on the misery of others. They created massive networks, supported local militias and forged companies to ensure wealth. These was Generals, High Ranking Officials and Associates of the President Yoweri Kaguta Museveni.

This they did across the Democratic Republic of Congo. These men in question was Gen. Salim Selah, Gen. Kahinda Otafiire and Maj. Gen. James Kazini. They we’re all participating in the plundering, the looting and the illicit resource flight from the DRC to Uganda. They ensured the military presence and their allies could extract, steal and operate illegal businesses to profit out of. That was all done with the blessing of the “High Above” in Kampala.

Today, I started to reminiscing about Maj. Gen. James Kazini, the late General who was killed by his girlfriend in 2009. That was year after the war in the DRC ended. The man who had together with various of factions, barriers to market and usage of force made it possible to enrich himself on the conflict. He together with Gen. Salim Selah secured companies like Victoria Group. Victoria Group even had as one of their shareholders being Gen. Muhoozi Kainerubaga. That’s why this enterprise was supported, all from the top!

The Uganda People’s Defence Force (UPDF) used the power they had in the region to exploit the mineral resource and re-export it. Like selling diamonds, gold and coffee as Ugandan, but it origins was from the DRC.

Therefore, knowing all this, as the news of the Cabinet Meeting in Entebbe on Monday this week. Which stated building road-network in the North Kivu Province. I cannot help to think, that it’s not only a wet-dream for road-scandal with tenders, lost funds and ghosts. Also with the history of the UPDF. The history of men like Maj. Gen. Kazini. There could be people willing to profit from the sins of the past again. Especially, profitable mineral resources as cobalt and others, which happens to be in North Kivu.

So, if Uganda National Roads Authority (UNRA) is building the roads in North Kivu. Then, the President and his team will come excuses that the UPDF need a battalion to ensure the safety of contractors and engineers. While, the same army will also configure ways to participate in more military entrepreneurialism in the province. That would be a way to kick-back and make it profitable.

That the UPDF and UNRA would do this wouldn’t be shocking. There is to much resources and possible exploits for them to not grab it. Even if it is a illicit business and illegal. Still, to this day the Ugandan government is exploiting Congolese gold as they are minting it at the Gold Refinery in Entebbe. Which is why, I am thinking there is more plans ahead in North Kivu.

They are not just going there to tarmac some roads and build a bridge or two. No, they are not compensation for the past hurt and looting. No, these men are finding a new way to exploit and profit of the situation. This is the same government that has used Kisoro as a base and supported para-military groups in the DRC. The same government that was a safe-haven for M-23 soldiers. Therefore, I have little trust of the goodwill…

Until proven otherwise. Peace.

Otafiire caught on audiotape trying to bribe Kahonda aide (Have the Audio-tape in question)

“Now this Kahinda Otafiire, he tries to bribe the campaign manager of his opponent with 7 million, not knowing that his opponent has been given 500 million by Kuteesa and Janet to defeat him and bump him off the political stage” (TVO, 2016).

Bill Supplement No. 6. 17th April 2015 – Uganda Parliament – The Constitution (Amendment) Bill 2015