It's good to know that our ambassadors in the Diaspora are not only representing the pearl in a noble and commendable manner they are also significantly contributing to the growth of our infant economy through investments that are as beneficial as they are colossal.
Skimming through the papers today one particular story caught my eye, it was an article on the contributions the 'Kyeyos' make to sectors such as housing , education and health, the remittances the Cheri's and Emi's of this world make amount to a staggering 1 billion dollars annually.
This money is distributed down the food chain to the rest of us labourers through wages for various jobs that range from porters on a construction site to janitors in clinics and of course there are other specialised services like consultancies that provide professional advice on investments and capital finance as well as real estate and property.
So if I were the minister of state for trade and investment I would advise Ugandans living abroad not to invest their hard earned money in MTN shares as some have promised to do should that greedy multi nantional ever decide it needs to fill its already bursting belly.
I advise that they follow the trend and provide the much needed jobs for ordinary Ugandans by investing in housing or education, this way my cousin Bamujje who earns a pittance from growing tobacco in Mubende just might make the trip to Kampala for a better paying job.
But i think I see their point. It's easy to buy stocks and sit back and relax knowing you can sell any second you sense a profit, I know i would do the same after all who needs the cumbersome tasks of buying land to put up Muzigos for tenants who are only going to become a constant headache and there is also the risk of getting ripped of by a brother or uncle, I mean who can u trust with money these days. Of the 1bn I mentioned above about a quarter of that could have been lost in shoddy deals, ghost projects and outright theft.
So i guess its okay to make the Charles Mbiires, Noel Meirs and van Veens richer after all there's something in it for you, isn't there?