Role of trust in prosperity

Why many Ugandans are stuck in poverty and unemployment even in the face of opportunities

THE LAST WORD | Andrew M. Mwenda | I have lately been arguing in this column that one of the most important drivers of prosperity is human capital. The better the human capital the higher the chances for an individual or nation to become prosperous. Economists use average number of years spent in school by a given population as a proxy for levels of human capital development. I see human capital much more broadly to include possession of marketable skills, labour productivity, shared mentalities such as work ethics and most importantly, trust within the society.

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Bobi Wine’s Kyarenga concert

Why Uganda (like other African countries) keeps rotating around the same roundabout

THE LAST WORD | ANDREW M. MWENDA | Last weekend, Kyadondo East Member of Parliament (MP), Robert Kyagulanyi aka Bobi Wine, held a “mega” Kyarenga (it’s too much) concert at his One Love Beach in Busabala near Kampala. Drovees of Ugandans flocked there to watch their new messiah sing his new song, “Tuliyambala engule” (we shall wear the crown). It is a song promising to liberate Uganda from the “dictatorship” of President Yoweri Museveni.

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The destiny of nations

Why some nations prosper and others stagnate and what we cannot do about it 

THE LAST WORD | Andrew M. Mwenda | The International Monetary Fund (IMF) has 187 countries in its list of nations whose Gross Domestic Product (GDP) it captures. Of these, 39 are listed as “Advanced Countries” (AC) and only five of them – Singapore, Japan, South Korea, Taiwan and Hong Kong are none European. Taiwan and Hong Kong areprovinces of China and Singapore is 76% ethnic Chinese. All the other AC countries are European and its offshoots in North America (the United States and Canada), and Oceania (Australia and New Zealand) – plus Israel in the Middle East. That means only three ethnic groups – Chinese, Japanese and Koreas from one cluster of this globe, East Asia, have made the transition that Europeans made.

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Chasing the wind

Why the belief that Ugandans are angry because youth lack jobs and other economic opportunities is mistaken

Last week, President Yoweri Museveni inaugurated a $600 million fertilizer and aluminum plant in Tororo. A few days before, he had opened a new $150 million bridge over the River Nile in Jinja. And a few days earlier he had been to Kapeka where he opened a Chinese ceramics factory that will produce 40,000 square meters of floor and wall tiles per day. Even a few days before that he visited the $2 billion Karuma hydro electricity project that will produce 600MW of electricity.

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