Neo – liberalism is killing Uganda says Prof. Yash Tandon

By Edwin Muhumuza

Prof. Yash Tandon , a professed socialist has said a mix of maxism and socialism is key to solving Uganda’s economic and political challenges which he attributes to a well – engineered ploy by the west to keep Uganda poor. He made the remarks as he launched his book titled “Common People’s Uganda” .

The book is a Marxist-socialist manifesto that he presents to Uganda as a solution to the current socio-economic and political challenges especially the widening gap between the rich and the poor.According to Prof. Yash Tandon, Ugandans need a national dialogue uniting all political forces, through which, President Museveni should prepare to hand over power to the young generation.

He however, urges Ugandans not look at Museveni as the chief enemy, saying the enemy is neo-liberalism engineered by western institutions such as the International Monetary Fund (IMF), World Bank, World Trade Organisation (WTO) among others, which have captured Uganda specifically and Africa in general.

‘’Uganda Neoliberal policy makers in Uganda are in denial about two things. One is a reluctance to look at imperialism in the face, and acknowledge that the capitalist-imperialist system of production and wealth distribution is inherently and fundamentally flawed. And the second is that left to the so-called ‘free market’, the system not only divides people between the rich and the poor but further compounds this division over time because the market rewards the rich and penalises the poor.’’

A united Uganda, he argues is what is needed to fight western imperialism. He also argues that political leaders should unite to broach a socialist vision that works for ordinary Ugandans.

In attendance was the third deputy Katikiro, Apollo Makubuya, interim president Alliance For National Transformation ,Hon. Mugisha Muntu, Governor Bank Of Uganda Emmanuel Tumusiime Mutebile, Former Buganda premier Mulwanyamuli Ssemwogerere ,Uganda People’s Congress President Jimmy Akena, elder statesmen, civil society and the media. The launch was moderated by Makerere Uiversity Historian,Prof.Ndebesa Mwambustya.

Prof.Ezra Suruma, Chancellor ,Makerere University who gave the key note address agreed with Prof.Yash that indeed Uganda was facing an enemy or power that has been pressing Ugandans that must be addressed by everyone through contributions geared towards overcoming them other than opting for blame-game politics. He cautioned that, ’’when you dare to act there is a cost including loss of life’’

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UPC’s Jimmy Akena said it is going to take more work to restore what used to be the pride of Uganda economically because the foundations set by former president Milton Obote have been altered so much.

Alliance For National Transformation interim president Mugisha Muntu in his closing remarks noted that the challenges of Uganda are rooted in her politics and thus there has be general consensus across the board of all political actors to solve the question of how power is going to be transferred from one group to another in a democratic fashion and thereafter Ugandans can decide on what market system they want for themselves.

On the question of Patronage Politics, Prof.Yash notes that it is a trend not only in Uganda but a universal phenomenon especially in market oriented capitalist systems seeming to support the Cuban system with the argument that it was done in the national party’s democratic system. He adds that the world is approaching a system where the ‘’empire is collapsing’’ with regard to the EU-Brexit, nationalistic tendencies coupled with a gradual shift of power; industrial, political, economic to China where the Chinese Yen is likely to displace the US Dollar.

Tiwa Savage, Wizkid all at the UBA 70 years Celebration in Nigeria

By Edwin Muhumuza

United Bank for Africa (UBA) Plc celebrated 70 years of operations . The platinum anniversary was combined with the bank’s annual CEO awards ceremony as members of staff from all 23 countries of operations who had excelled over the past year were rewarded in the midst of thousands of guests.

The Chairman, UBA Plc, Mr. UBA Celebrates 70 years with CEO Awards gala, accompanied by his wife Dr. Awele, remarked that UBA remains a leading financial institution on the continent and hitting the 70th year mark was a laudable achievement.

He said, “It is a time to celebrate UBA’s rich heritage and legacy over 70 years and to tell everyone who has contributed to what UBA is today, that we appreciate all they have been doing and how they have ensured that the investment put into the bank over the past decades have paid off.”

The Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka, spoke about the banks’ achievements over the past 70 years and some of its objectives for the coming years, commending staff for their hard work and resilience that have contributed to UBA retaining its position as Africa’s top bank of choice.

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“Every year, it is our tradition to appreciate our people who have put in their very best and gone far and beyond the call of duty to deliver excellent services to our customers and this year is even more exciting as we celebrate 70 years of our existence.

From Uganda, Chief Dealer, Isaac Kasozi Iga scooped an Award of Excellence for his remarkable contribution as one of the main revenue contributors to the Group.

Chairman of Zenith bank, Jim Ovia ,commended the management and staff of the bank, adding that UBA remains one of the greatest banks in Sub Saharan Africa and is built to last. He congratulated all staff and shareholders noting that he should have bought UBA shares but it was not too late to do that.

In attendance at the epic night of activities, were royal fathers, captains of industry, political leaders, clients and friends of the bank. Some of the guests present were the Ooni of Ife, Oba Adeyeye, Enitan Ogunwusi; the Emir of Kano represented by the Sarkin Shanun of Kano, Alhaji Shehu Mohammed; Former and Present Governors of Cross Rivers State.Former Presidents Olusegun Obasanjo and Ibrahim Babaginda who could not attend the event sent in letters of congratulations to commend the bank on its landmark achievements.

At the celebrations, the story of UBA was depicted in the Tony Award winning Broadway musical of the Lion King. Serengeti depicts the story of the young cub who grew into a strong Lion, in spite of the odds, and empowered all the other animals in the jungle. Great performances by A-list artists such as ‘science students’ crooner, Olamide, Phyno,Patoranking, Dbanj and female sensation, Tiwa Savage entertained the audience of over 2500 guests. The surprise act which ended the night on a high, was the performance by award winning Nigerian artist, Wizkid.

Peter Mungoma appointed CEO of Capital Radio 2015 LTD

By Gloria Nakiyimba
Capital Radio 2015 Ltd has appointed Peter Jackson Mungoma as Chief Executive Officer with immediate effect.

The managing director Managing Director Capital Radio 2015 William Pike announced the appointment in a statement issued Wednesday.

“As CEO, Mungoma will be expected to grow the reputation, revenue and profitability of the business and to lead its digital transformation. Under his leadership, we expect Capital Radio to consolidate its dominant position as the leading English FM station in Uganda and Beat FM to continue its challenge to become the leading Luganda radio in the country” said William Pike

Speaking on the new appointment, Mungoma has promised to grow the station revenue and listener-ship
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“What this simply means is added responsibility to ensure that we are continuing to invest in the right infrastructure, continue to invest in the right systems, continue to invest most importantly in the right people that will continue to deliver a great radio station to our listeners across the country. So our commitment is that we’ll continue to work with our audiences, with our advertisers to ensure that Capital radio is consistently delivering the numbers they are looking for, for their businesses” he said.
Mungoma has been General Manager of Capital Radio for the past four years and has presided over consistent revenue growth and strong listener-ship ratings.

“ I would like to express my gratitude to the board of directors , the management and most especially to the staff of Capital Radio with whom we have worked diligently for the last four year to achieve many of these milestones” the CEO noted.

According to Mungoma more investment will be made in the digital platforms as the only Private national radio station ensures to have good foot prints country wide.
“Capital radio has been broadcasting in this market since 1994 so we are actually 25 years. We’ve got transmitters across the country, Beat fm has got a transmitter or in Masaka which gives it massive coverage across the central region. We are also available online on our website; we are available on Tunein, so you can be able to listen to Capital anywhere in the world as long as you have access to a smart phone”.

For the advertisers, Mungoma had this to say “we gonna ensure that we continue to provide a brand that they will be very comfortable to advertise their products on, a brand that resonates with their own brands, and a brand that continues to deliver the objectives that they have set for us”.

Mungoma first joined Capital radio in November 1998 and left in 2004 at a time he was the deputy Sales manager. He joined MultiChoice in 2004. He also worked with GTV, Zuku Tv and later rejoined Capital Radio in 2015

Uganda City traders abandon business for multi-million grasshopper trade

By Robert Segawa

Hundreds of trader’s in the city center have resorted to grasshopper trade until the season ends abandoned their normal businesses. This is because of the high sales of the grasshoppers whose season starts in the month of November up to December annually, however, there are times when the season ends in January.

It's Market day. A Grasshopper trader in Uganda
It’s Market day. A Grasshopper trader in Uganda

During this season grasshoppers, trackers come from up country with sucks of grasshoppers ferried in public vehicles who also abandoned the business of public transport and other saloon vehicles do the transportation.

It’s normally known the grasshoppers are got from Masaka area, however even other upcountry area’s like Hoima, Masindi, and Fortportal have also started tracking the insects.

Traders in Kampala’s market trading Grasshoppers / PHOTO By Robert Segawa for Capital FM Uganda

Areas, where they are transacted in huge numbers, include, Nsangi, Kyengera, Nateete and Katwe playground along Kampala Masaka road.

According to Kiseka Gerald, a known business trader says that early November a sack of grasshoppers were sold at 1.5 million, but due to the increase, the sack is currently costing 400,000 to 350,000. And retailers start from 1000.

He adds that those which are cleaned and ready to sale starts from 5000 a cup.

These grasshoppers are so delicious mostly to Baganda speaking tribe and others have also resorted to consuming them.

African Cities: Kampala to invest in Cable Car transportation.

Kampala Capital City authority is looking for 200 million US Dollars to embark on the project to introduce cable cars in a bid to decongest the city of traffic.

“We conducted a feasibility study for cable cars in Kampala and we discovered that it is viable and so we are looking for money to run a pilot project. We are actually very composed and we think it is something that can happen in Kampala”  KCCA spokes person Peter Kauju told Capital reporter.

 

Kampala Capital City authority is looking for 200 million US Dollars to embark on the project to introduce cable cars in a bid to decongest the city of traffic. “We conducted a feasibility study for cable cars in Kampala and we discovered that it is viable and so we are looking for money to run a pilot project. We are actually very composed and we think it is something that can happen in Kampala”  KCCA spokes person Peter Kauju told Capital reporter. uju says under the pilot project, cable cars will run from Bwaise in Kawempe division to the new taxi park in the city center. It’s against this backdrop that Kampala Capital City Authority is organizing an investors’ roundtable conference for September to devise ways to fund the project. “We are making preparations for an investors’ conference to see how we can come up with the financing method or possibility for this project to happen” Kauju said. Kauju says they have contacted several companies that can provide the service of installing cable cars in the city. Cable cars are popular tourist means of transport in the French city of Grenoble. These round gondola lifts with clear glass sides gives one a bird’s eye view of the city. They could be new tourist attractions in Kampala as tourists would have a clear view of the city on the seven hills from the sky. French POMA company ; who are experts in ropeway transport are have been in talks with the authorities in Kampala over a possibility of introducing cable cars in the city as the best solution to transportation without creating congestion. Medhi Caillis the commercial officer for Africa zone says using high technology, 5000 people can be transported per hour using cable transport system that is very fast in terms of speed. Depending on the size of the cabin and speed, the car can take between6-12 people every 10-15 seconds. The system once put in place it would not have any conflict with other traffic users since it is installed in space. According to Caillis, cable system can be installed within 12-18 months making it cheaper. The company cable cars are responsible for transporting 6.5 million passengers per hour in different cities where the company enjoys a worldwide presence. With a worldwide presence in more than 80 countries in western and Eastern Europe, Asia, Africa, South America, Australia and NewZealand, POMA produces 50 lifts every year accounting for a total of 8000 lifts in five continents. Some of the advantages of using cable cars are that they give a high level of passenger safety, they do not emit fumes, use clean electricity contributing little to air pollution, operate in a quiet manner saving the public from noise pollution and can serve challenging terrain. They require less time and money to implement. To have cable cars running little land is required and there is no need to excavate the ground. However, much as cable cars provide high quality transport experience, they don’t serve many passengers as a bus or a taxi would or better yet a train. A cable car service could be disrupted due to bad weather especially extreme winds since they are pulled by cables that are elevated from one tower to another. Reporter: Gloria Nakiyimba

Kampala Capital City authority is looking for 200 million US Dollars to embark on the project to introduce cable cars in a bid to decongest the city of traffic.

“We conducted a feasibility study for cable cars in Kampala and we discovered that it is viable and so we are looking for money to run a pilot project.

We are actually very composed and we think it is something that can happen in Kampala”  KCCA spokes person Peter Kauju told Capital reporter. uju says under the pilot project, cable cars will run from Bwaise in Kawempe division to the new taxi park in the city center.

It’s against this backdrop that Kampala Capital City Authority is organizing an investors’ roundtable conference for September to devise ways to fund the project.

“We are making preparations for an investors’ conference to see how we can come up with the financing method or possibility for this project to happen” Kauju said.

Kauju says they have contacted several companies that can provide the service of installing cable cars in the city.

Cable cars are popular tourist means of transport in the French city of Grenoble. These round gondola lifts with clear glass sides gives one a bird’s eye view of the city. They could be new tourist attractions in Kampala as tourists would have a clear view of the city on the seven hills from the sky.

French POMA company ; who are experts in ropeway transport are have been in talks with the authorities in Kampala over a possibility of introducing cable cars in the city as the best solution to transportation without creating congestion.

Medhi Caillis the commercial officer for Africa zone says using high technology, 5000 people can be transported per hour using cable transport system that is very fast in terms of speed. Depending on the size of the cabin and speed, the car can take between6-12 people every 10-15 seconds. The system once put in place it would not have any conflict with other traffic users since it is installed in space.

According to Caillis, cable system can be installed within 12-18 months making it cheaper. The company cable cars are responsible for transporting 6.5 million passengers per hour in different cities where the company enjoys a worldwide presence.

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With a worldwide presence in more than 80 countries in western and Eastern Europe, Asia, Africa, South America, Australia and NewZealand, POMA produces 50 lifts every year accounting for a total of 8000 lifts in five continents.

Some of the advantages of using cable cars are that they give a high level of passenger safety, they do not emit fumes, use clean electricity contributing little to air pollution, operate in a quiet manner saving the public from noise pollution and can serve challenging terrain. They require less time and money to implement.

To have cable cars running little land is required and there is no need to excavate the ground. However, much as cable cars provide high quality transport experience, they don’t serve many passengers as a bus or a taxi would or better yet a train. A cable car service could be disrupted due to bad weather especially extreme winds since they are pulled by cables that are elevated from one tower to another.

Reporter: Gloria Nakiyimba