ASPxHyperLink         ASPxHyperLink        ASPxHyperLink           Date: søndag, 21 april, 2019
  PRESS RELEASE  23, JANUARY 2019                                   

                                     

  President Museveni meets MTN's Group President and CEO Rob Shuter (L) and senior manager Dominic Kumalo (R)

   during a meeting on the sidelines of the World Economic Forum in Davos, Switzerland on Wed Jan 23, 2019. PP

 

President Yoweri Museveni has said government and business leaders must have a win-win formula devoid of exploitation of the local people to avoid grievances between locals and foreign investors.

“We had issues of people cheating our taxes and under declaring calls. We bought our own machines and were able to see all this. It is important that you float shares on the local stock exchange to allow for local ownership now that the license has been renewed,” he said.

The President was today meeting the MTN Group Chief Executive Officer Rob Shuter at the sidelines of the ongoing World Economic Forum in Davos, Switzerland.

The President was particularly irked by the fact that telecom firms are milking vulnerable Ugandans by not adding value to their products but instead extending ‘talking’ services that have lead to severe leakage of the country’s forex.

‘Pay attention to this issue. IT penetration in Africa can end up being a problem. If you are providing a service for people to just talk without creating wealth. Telecommunications then get dollars which they take out, leaking even the little money that the country earns from its exports. You should foresee these trade deficits. More locally owned companies should be allowed to earn money so that most of it remains here,” he said.

The President reiterated government’s commitment to ban foreign betting companies, which he says have accumulated a lot of money that is taken out of the country because of governments open policy.

“We should find smart ways of handling this and ensure that at least 70% including taxes stay in the country so that its not a point of grievances between locals and foreigners,” he said.

The President said the issue of local ownership and taxes needs to be resolved by all the operators. He said telecom companies have made it easy to pull money from the rural areas and the crucial point is how to share it with the locals.

Mr. Shuter said Uganda has only 5% share holding in MTN and that they are in the process of negotiating about disposing shares to NSSF. He acknowledged that disguised calls that led to less taxes are a shared problem and that his company was committed to resolving this and complying with the laws of Uganda. He said they were open to any investigations to resolve the issues raised and thanked government for renewing their license.

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President Museveni (L) shares a light moment with South African President Cyril Ramaphosa (2nd R) during a breakfast meeting on shaping Africa's Agenda at the World Economic Forum in Davos, Switzerland on Wed Jan 23
President Museveni chats with Prof. Klaus Schwab, founder and executive chairman of the World Economic Forum during a meeting on the sidelines of the Forum in Davos, Switzerland on Wednesday Jan 23, 2019 as  Natasha
President Museveni chats with Prof. Klaus Schwab, the founder and executive chairman of the World Economic Forum. This was during a meeting on the sidelines of the World Economic Forum in Davos, Switzerland on Wedne
President Museveni meets Winnie Byanyima the Executive Director of Oxfam International. The meeting was held on the sideline of the World Economic Forum in Davos, Switzerland on Wed Jan 23, 2019.
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Don’t use a universal dimension approach to shape Africa’s future – President

January 23, 2019

 

DAVOS, SWITZERLAND: President Yoweri Museveni has said a universal dimension approach should not be used to shape Africa’s future adding that such a concept may have worked in the 1950s when the universal emphasis was on education which helped countries such as South Korea to develop and transform, but added that many other countries did not succeed.

“Lets take the example of artificial intelligence where electronics replace the brain. The brain commands the centre of the body but must also take control of the body. Artificial intelligence alone without infrastructure development such as railway, electricity etc cannot be useful. Congo alone has a lot of electronic goods but if they cant produce goods or services how can that help,” he said.

The President was today speaking during a breakfast roundtable organized by the Africa Strategy Group comprising of politicians, academicians, business people etc, under the theme “Shaping Africa’s agenda in the Global Context” held at the Hotel Grischa Monta in Davos, Switzerland at the sidelines of the World Economic Forum. The roundtable was moderated by the Executive Director of OXFAM Winnie Byanyima who said governments should be accountable to their people, prioritise public services, and economic sectors, new technologies and tax systems that bring the maximum benefit to society as a whole.

The President acknowledged that Africa is rising partly because of governments not being hostile to the private sector.

“Part of our lagging behind was the attitude governments had against the private sector, now that has changed. The people excited about artificial intelligence are those who already have developed infrastructure and a developed human resource,” he said.

The President told the roundtable that was also attended by Rwanda President Paul Kagame, the outgoing AU Chair, South Africa’s Cyril Ramaphosa, Tunisia’s President Beji Caid Essebsi, former Prime minister of the United Kingdom Tony Blair etc, that Africa needs to overcome ten main bottlenecks including infrastructure development such as roads, rail and electricity, human resource development, market integration etc to lower costs of doing business and attract investments.

The President said the continent also needs to deal with the issue of economic and political integration for credible bargaining units in addition to an educated human resource.        #END# 


Museveni, OXFAM discuss poverty alleviation, regional peace

January 23, 2019

 

DAVOS, SWITZERLAND:  President Yoweri Museveni has said building strong internal middle class systems pushes for great dynamism for goods and services that build strong integration blocks and ultimately improve economic development and transformation.

The President was today meeting the OXFAM INTERNATION Executive Director Winnie Nyanyima who paid a courtesy call on him at Hotel Grischa Monta, in Davos.

The two leaders are in Davos to attend the World Economic Forum that brings together world leaders, academicians, researchers and business community. This years Forum is being held under the theme, Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution.”

The President said they can’t bring jobs that come with industrialization if they don’t have the basic infrastructure such as roads, railway, electricity, education etc in place.

“If machines take over jobs of humans, no problem as long as we are part of it. If we talk of business, we must be able to produce and consume. The danger is if we are buying and not producing. We must seriously deal with the issue of economic and political integration for credible bargaining units in addition to education. Others will wake up or collapse with this,” he said.

The President was responding to concerns by the OXFAM Executive director that efforts made my EAC heads of government in building the EAC bloc seem to be crumbling.

The President said with peace and stability in the region, countries will be able to build a strong middle class that pushes for integration for goods and services.

Byanyima agreed with the President that some technologies associated with the forth industrial Revolutions such as artificial intelligence associated with improved productivity and incomes may be a challenge in countries with no infrastructure such as roads, electricity, railway etc to bring the cost of doing business down.

The two leaders also discussed the situation in South Sudan, Burundi and the DR Congo and sustainable ways of ensuring peace and development for the most vulnerable.

Winnie Byanyima is a recognized expert on women's rights. She is a former director Gender and Development programmes, United Nations Development Programme and the African Union Commission. She was also a member of Parliament for ten years in Uganda and is founder, Forum for Women in Democracy (FOWODE), which champions women's equal participation in decision-making in Uganda.

                          #END# 

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