Still, he has said he won’t work with the Chinese.
Magufool can spin as many dreams as he wants, but he needs lenders and investors. The problem is that he has a reputation for treachery, pettiness and deceit. A look at the way he behaves towards the EAC confirms that image.
And where is that pipeline today?
spear:
That Hoima oil pipeline build decision has been pushed to 2022. Tz will not want their citizens to know and Ug is studying that report before it responds. Stanbic Bank SA was tasked in getting financiers for the same but 2 years later no one has signed to it. The reason is clear, investors are weary of megafools and his overnight decrees that are law in Tz. The sovereign insurance guarantees quotes needed for such large infrastructure projects are high. They are being asked to pay an insurance premium of 30% of the cost of the project. This is because of the new term called magafuli scalp. Anyone investing in Tz has to factor possible nationalization of their projects or contract disputes with megafools who is the state and courts in one. That 30% insurance quote takes away ROI on the investment. So nobody want to risk their $2 billion in a risky venture. What also surprises me was that since 2015 to present when they shifted to Dar, they haven’t even done the paperwork. What were they doing all those 4 years. They launched the project on both ends but in Dec 2018 that’s when they sat down to agree on technical and financial agreements. That is when Total and China oil said arbitration must be in London not Tanzania. Simply because everyone know in Tz megafools is the law. No court will rule against him. M7 flew Total MD to Kampala in May to intervene and some of us were expecting announcements after that meeting in State House Ug. Its a big deal for him to leave Paris and travel to meet head of state in a country of Total operations. They had their meeting and went back silently. That silence is very loud. M7 is now going to his third elections talking about Uganda oil without a drop in the international market.
Wasn’t the oil pipeline supposed to end at Bagamoyo port? I believe this how Kiwete had it set up. Now Magufuli blew that up.
system
June 16, 2019, 9:44am
25
spear:
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So when he goes to Tz that’s is where his interests are? Well he has already been here lakini we didn’t shout to the roof tops like you Tz. We are also not chest thumping that Mombasa port handles all cargo going to Eastern Congo for decades. Yaani its not even guess work. Lastly we can never compete in talking and bravado with Tz, they win in that department hands down. Lakini doing is the hardest bit there while we constantly do our part. Watch out for SGR phase 2A Nairobi-Naivasha-Narok launch in August. You will know what M7 has to say about the road corridor from Ug to Kisangani in DRC. You will know the agreements between President Tshesekedi and Kagame on Goma-Bukavu on Rwanda border and the wider East Congo using the current road corridor. Lastly you will hear about the upgrade of the current Meter gauge railway from Naivasha to Gulu in North Ug. You will finally hear about China plans for all these northern corridor roads, Meter gauge and SGR corridor from Kenya, Ug, Tz and East DRC. We are not just talking, its something being used right now. What is to be agreed and signed is what will be upgraded and how they will all be interlinked. Its not theories and wishes.
Uzi huu umeletwa na Mkenya Mwenzako, Vipi unaanza kushambulia watz?
system
June 16, 2019, 9:44am
26
You know nothing boy, Just like many of your fellow Kenyans.
spear:
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So when he goes to Tz that’s is where his interests are? Well he has already been here lakini we didn’t shout to the roof tops like you Tz. We are also not chest thumping that Mombasa port handles all cargo going to Eastern Congo for decades. Yaani its not even guess work. Lastly we can never compete in talking and bravado with Tz, they win in that department hands down. Lakini doing is the hardest bit there while we constantly do our part. Watch out for SGR phase 2A Nairobi-Naivasha-Narok launch in August. You will know what M7 has to say about the road corridor from Ug to Kisangani in DRC. You will know the agreements between President Tshesekedi and Kagame on Goma-Bukavu on Rwanda border and the wider East Congo using the current road corridor. Lastly you will hear about the upgrade of the current Meter gauge railway from Naivasha to Gulu in North Ug. You will finally hear about China plans for all these northern corridor roads, Meter gauge and SGR corridor from Kenya, Ug, Tz and East DRC. We are not just talking, its something being used right now. What is to be agreed and signed is what will be upgraded and how they will all be interlinked. Its not theories and wishes.
I strongly believe the bigger picture for all these projects is the trillion dollar BRI ,(Belt Road Initiative).
spear
June 17, 2019, 6:51am
29
True, in 2005 Chinese government officials invited all African envoys into a meeting to showcase their BRI plans. Nobody knew that such plans even existed. China plans 100 years ahead broken down to decades and 25 yrs plans. In their figures and projections Africa will be the next China only bigger and more prosperous. Same population only the land mass is bigger however its controlled by the west who still take all its resources for processing abroad. China proposed to develop all its infrastructure to match China. Ports, airports, roads, railways, telecommunications, power etc. That will enable trade, commerce and movement of goods and services. It will speed up industrialization in Africa. China exports 5 million jobs annually to other Asia countries like Philippines, Vietnam, Indonesia etc. This is because its industrialization is making its workforce wages to rise as it specializes. Those small jobs are leaving China to other countries and they want to shift that to Africa. In a few decades those industries will grow to bigger industries just like it did for China. The biggest losers will be the west if Africa progresses and that is why BRI if fought a lot.