“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” – Ernest Hemingway
There are someone who doesn’t listen to advise, even when it is well written and with shown data to President Yoweri Kaguta Museveni in October 2016, as there was reports and even made deals at the State House on the 7th October 2016. As the meetings was already ensuring and securing the deals between the Government and the printing company Veridos GmBh. By that time the Veridos company had delivered their commitments to print currency in Uganda. Also a comprehensive business plan that envisioned the proposed joint venture between Veridos and the government.
Now it is the 10th October 2018. Surely for many or plenty, this sort of an agreement is forgotten. Again, today at Entebbe State House, the deals was sealed.
As the Chimps Reports stated: “In the meeting that took place at State House Entebbe on Thursday afternoon, President Museveni noted that this new venture would save Uganda a lot of money that it has been spending on printing documents from abroad. “There was hemorrhage of resources that was unjustified. Money was going out to print currency notes for a long time. About US$25 million was spent each year to create Ugandan currency,” he said” (Kyatusiimire, 2018).
He is saying this without saying the cost of what sort of agreement the government has with company they are already using. As the lack of openness is shown from the state. That is why in 2016, the documents leaked and today, they just came on a government friendly web-paper.
“Interestingly, Mr Museveni, who thanked the German company for its joint cooperation, criticized government officials for “taking too long” to act on such “crucial matters that affect the country.” He added that licensing bodies must not “over price working licenses for investors because it cripples investment and discourages potential investors. “These things of taking two years to deliberate on such matters must stop. Why did you spend two years discussing something that was so obvious?” he wondered” (Kyatusiimire, 2018).
That wasn’t obvious to the Governor of Bank of Uganda Prof. Emmanuel Tumusiime-Mutebile or the Minister for the Ministry of Finance, Planning Economic Development Matia Kasaija, who both was skeptical, not only because isn’t a company who is known for producing currency, secondly the costs are likely to be more, than what they have today and last the possibility for more forgery. All of this data was scrapped, as Bosco had decided himself.
So for some weird reason, Bosco want to take a bad deal, which his experts has said is a bad deal. He complains that his experts has made it takes this, because they didn’t have faith in the project. All been done at the State House, as it was started in 2016 and rewinds again in 2018. What value has the Governor of the BoU and Finance Minister, when their words are meaningless towards Bosco?
Someone please tell me, because I got nothing. Peace.
Sharon Kyatusiimire – ‘BREAKING: Uganda to Print its Own Money Locally’ 04.10.2018 link: https://chimpreports.com/breaking-uganda-to-print-its-own-money-locally/
“My people are going to learn the principles of democracy the dictates of truth and the teachings of science. Superstition must go. Let them worship as they will, every man can follow his own conscience provided it does not interfere with sane reason or bid him act against the liberty of his fellow men.” – Mustafa Kemal Atatürk
The incumbent President Abdulla Yameen have really shown his true colour as he took power in the Maldives. He used the military to evict and control the courts and also the Supreme Court. He used all methods to get people to under siege and under his wings. If didn’t follow that, you better seek refugee or even go into exile. Like so many opposition figures and families did in Colombo, Sri Lanka. Now, after yesterdays poll and today’s announced results, the drive and oppressive behaviour might stop.
“Maldivian Democratic Party candidate MP Hon Ibrahim Mohamed Solih, wins the Maldives Presidential Elections, with 134,616 votes. Of 262,135 eligible voters, 233,877 voters cast their votes at the 472 ballot boxes. This is a voter turnout of 89.22 percent” (Maldives MFA, 24.09.2018).
This is positive, hopefully the ones who has fled to safety and out of danger. Can return and start over, instead of living and awaiting, as the new presidency arrives and hopefully secure the future. People are today celebrating that the Coup of 7th February 2012 has been answered, as the leadership of that time, was sent into exile, this being Mohamed Nasheed (Maldivian Democratic Party)and Mohamed Waheed Hassan Manik (Gaumee Ithihaad Party). This is redemption, as they hope that the Joint Presidential Candidate Solih, can establish normalcy after the years of harsh control from Yameen and his party Progressive Party of Maldives (PPM).
Therefore, today is for some the end of the coup d’état and a fresh beginning after 2421 days of waiting for a democratic elected leadership not evolving around the big-man and paranoia of Yameen.
Today, I live in hope for the Maldives, after plenty of dark days, oppression from the state and state aggression against their leaders and their principals. Today, we can hope for a better tomorrow. As the people have someone who represent them and hopefully will restore normalcy. Will ensure the National Assembly, the Supreme Court and the true justice. Not just to his peers and his allies, but to all Maldivians.
Some says it is a power shift from Beijing to New Delhi, whatever it is, it is hope, because the public has shown the courage and the will to overthrow someone who ruled without concern of anyone else than himself. That has to be remembered, that have to be the key thing out of this today.
There are reports of MPs and other political prisoners release at the Criminal Courts in Male, today, however, that is yet to be verified right now. But there is a bunch of innocent people behind bars, because of need of being there, as the previous President needed them there. To keep a grip of power and try to centralize it more. Peace.
On 16 July, the Foreign Affairs Council adopted a framework for targeted restrictive measures against persons and entities responsible for undermining the rule of law or obstructing an inclusive political solution in the Maldives as well as persons and entities responsible for serious human rights violations. This decision makes it possible, if the situation does not improve, to impose a travel ban and an asset freeze on relevant individuals and entities.
This decision is a direct follow up to the Foreign Affairs Council conclusions of 26 February 2018 on the Maldives. The Council considered that the situation was not in accordance with the principles of democratic rule and separation of powers, and indicated it may consider targeted measures if the situation did not improve.
In its conclusions, the Council called on the government of the Maldives to engage with the leaders of the opposition in a genuine dialogue that paves the way for credible, transparent and inclusive Presidential elections.