{UAH} Are Baganda and banyoro Capitalists Capitalists

There is need for Baganda and Banyoro capitalists - who have the capital to spear head internal and sustainable capital investment and development projects. Why is there no single Muganda who owns a private internal airline a chain of Nakummat, Uchumi or Virgin airlines is quite telling?

 

Currently the above group is so weak, very local in outlook and action i.e. Kwagalana group in Kampala. In fact there is no tangible investment they have kick started. Apart from Uganda Indians and Somalis; Sudhir, Owekitibwa Tobani, Mukwano, Lalani and Mandela who have far sighted programs, the rest are dead still struggling despite the gold on their soles.

 

There is a huge home appliance market into which these groups will only need to partner with International groups to bring industry home.

 

Although they can build railway lines i.e. Koboko – Kotido the Northern high speed railway – they still need government guidance on accumulation of capital by spotting business opportunities instead of spotting beautiful women and fancy cars all of which cost a fortune in copious consumption which drains their wealth.. The same group will be initiating commercial parks under joint ventures or equity.   

 

This where I am advising Kampala Government to start 22 municipal planning and request the above group to stake their money into such programs. In Uganda everywhere you invest there are returns and huge returns and those groups know it – but without the basic infrastructure it will be difficult to convene them to part with their money.

 

Bwanika

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Bwanika Nakyesawa Luwero

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