Features

DO YOU REALISE THAT EVERY PROJECT IN UGANDA IS ON LOAN? 

President Museveni while launching a fire fighter
By Our Correspondent
ENTEBE EXPRESS HIGHWAY: The four lane 51Km road is the world’s most expensive road with a total cost of UGX:1.19 trillion making UGX:23 billion per km.  Of the UGX:1.19 trillion cost, 875 billion was a loan from Exim Bank of China. The road is private in a way that every vehicle apart from those with Gov’t number plates will be paying a road toll. No motorcycle, bicycle and pedestrians will be allowed after a one year grace period. It means that the poor taxpayer will pay for this road but they will never use it. Citizens are denied their rights.
NEW MULAGO HOSPITAL: The hospital cost the tax payer UGX:250billion all in loans but the same hospital was made private at its launch. For example: Consultation fee is 50,000, normal delivery is UGX.890000 and all other services at the facility are private. This means that the common Uganda will not enjoy the services of their taxes. Who will help the common man?
ISIMBA POWER DAM: The 183.2MegaWatts project cost the taxpayer Us dollars 567.7M, $482M of the total cost being a loan from Exim Bank and to be paid in 25yrs at 2% interest. Actually after its launch it was found out that the constructor was still demanding over 350 billion and even the bridge connecting to the dam had not been constructed yet it was part of the project and all the money had been released.
LUBOWA SPECIALISED HOSPITAL. The hospital which was to be constructed by an investor cost the taxpayer UGX:600billion in loan. Imagine borrowing a loan and give it to an investor, add him tax holiday, give him free land, subsidized electricity and water plus other offers to construct a hospital and run it until he recovers his capital then he hands it over to the government! MPs tried to tour the site and General Elly Tumwine deployed UPDF which stopped them. A wise citizen used a drone camera and it was realized that mafias are just rearing chicken inside. Nothing like a hospital.
UGANDA AIRLINE REVIVAL: By the time of privatizing the airline, it had 12 passenger jets including 2 Boeng aircrafts and had an air cargo branch with about 5 jets. Later on in 2019 the airline was revived with 2 Bombardier jets and government only has 1% of the shares yet it financed the project 100% on loan.
ENTEBE AIRPORT EXPANSION: The US dollars 200M project was funded by the Chinese Exim Bank on 2% interest and Lake Victoria was given to the bank as security. This is one reason why fishermen on the lake are dying everyday because UPDF was deployed to protect the interests of the money lender. The Chinese now use the lake for fishing and sand mining.
BUJAGALI POWER PROJECT: The 250 Megawatts power plant cost the common man US dollars 862M all as loan from International Finance Corporation, African Development Fund, European Investment Bank, German Investment Corporation, KfW, PROPARCO of France, French Development Agency, Netherlands Development Finance Company, Absa Group Limited, BNP Paribas, Nedbank and Standard Chartered Bank.
KARUMA POWER PROJECT: The 600 Megawatts power dam has cost tax payer the tax payer US dollars 1.7B, $1.435B of the total cost being a loan from Exim Bank of China. The loan to be paid in 20yrs since 2018.
Uganda sells electricity to Neighboring countries but the price per unit of electricity is cheaper in the importing countries compared to the source. Is this economics or something else? And Kenya which buys power from Uganda has reached at 65% of rural urban electrification yet Uganda the source is at less that 25%.
AKII BUA STADIUM: The stadium which was supposed to be constructed in Lira District in recognition of Uganda’s Olympic medalist Akii Bua cost the taxpayer UGX 650M but guess what! they constructed a pig’s shed and levelled the ground zig-zag and work was complete. Now the government has awarded the same stadium to Chinese firm for reconstruction and other funds are going to be released for double work.
NILE BRIDGE JINJA: The 525m bridge cost the taxpayer US dollars 125. Of these 80% was a loan from the government of Japan. Actually within 3 weeks of its launch the bridge had started developing cracks.
NAADS: The programme which was lauched in 2001 costed taxpayer trillions of Shillings. NAADS is well remembered for distribution of Cassava stems as seedlings and decayed beans and maize seeds to farmers as Capital(Entandikwa). After it was publicly discovered that the project was only enriching the rich Museven shifted it to UPDF and named it Operation Wealth Creation headed By his brother Salim Saleh. The purpose of putting it under UPDF was to avoid accountability. No Ugandan peasant has ever been elevated out of poverty through this project. All the factories in Kapeka that have been constructed using this UGx.1 trillion project annually are owned by individuals.
BOTTLE IRRIGATION. This project cost tax payer over UG: 3.7billion and it died at its launch. It is on this Project that President Museven earned himself the name Bosco.
MAAMA ESTERI KOKUNDEKA MEMORIAL SCHOOL. This is the only school in Uganda that President Museveni has ever constructed from Foundation in 35yrs. The school which is located in Rushozi, Kashari, Mbarara District was constructed as a memorial of his late mother Esteri Kokundeka. The school runs from Primary to S.4 but secondary section has no UNEB Centre Number up to now since it was opened around 2010. The other school which President Museveni constructed is in Tanzania and he was appreciating them for supporting him during the 1979 liberation war. The school is near Kyezimbeire at Kikagati in Isingiro District.
SOROTI FRUIT FACTORY: The factory which was constructed in 2014 by Government of Uganda in Partnership with the Korean International Cooperation Agency has never produced even a single litre of juice as of now.