April 24, 2024

Business Detect

Uganda Latest Business News, Investments , Opinion and Sports


2 min read


By Obedgiu Samuel

The World Bank approved a transaction of $ 300 million recently to Ugandan Government. A total of $ 240 million of the transaction was given a credit finance and $ 60 million was a grant meant for refugee supports. The reason as to why the World Bank always gives grants for refugee projects , is to make it easier for International companies to exploit the Democratic Republic of Congo with little local Resistance.

Uganda’s Open and welcoming refugee policy, is very vital and an advantage for all the global mining interests in the Democratic Republic of Congo that the World Bank purposefully serves. When warlords and blood diamond barons clear people mostly forcefully off their lands to serve their selfish interests of stealing or looting minerals, the people from the conflicted neighborhood run to Uganda and are settled.

General Yoweri Kaguta Museveni’s reckless “Open door policies” for refugee, is breeding a problem that will default the future and in a long run is going to create serious conflicts in the near future, that will arise out of resources scarcity challenges. Too many people entering freely into Uganda to compete with the natives (Citizens) for the little available resources. These policies do not benefit the country, but World Bank’s interests and General Yoweri Kaguta Museveni’s family who hide their corrupted money in tax heaven.

The truth of the matter is that The International Monetary Fund (IMF) is funded through quotas. It’s biggest contributors are;- United States of America, Japan, China and Germany. It raises up to about $ 675 billion in a quota. However, you need to know that the World Bank raises money by issuing bonds to global investors and these institutions DON’T give FREE money, Don’t be deceived.

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