After months of posting attacks on Rwanda’s economy with smear that it is about to collapse, David Murunganwa aka Himbara is now facing ridicule as Rwanda just raised $620 Million on the Euro bond market. Despite all the funds from Museveni and Rujugiro, Himbara failed to dent investor’s confidence in Rwanda. The paid troll is now busy writing and asking what Rwanda plans to do with it raised capital.
In fact, the Euro bond was a big success, oversubscribed by $1.6 billion meaning more wanted to invest in the bond. Himbara’s anthem that prior Euro bonds were about to mature is not longer valid either as the proceeds of the bond will be used partly to retire Rwanda’s existing Eurobond. Nervously, Himbara now awaits for the next project, and speculates widely.
His sponsors, Museveni and Rujugiro, must be thinking of asking for a refund. If Rwanda raised such a capital, it simply means that the smear campaign failed and was of no consequence. With Billions lost to corruption every year , investors simply gave up on investing in Uganda.
Instead of fixing his corruption ravaged economy, Museveni preferred to sponsor smear against Rwanda unaware that his trolls would have no impact on market forces. Well, Himbara failed; $1.6 Billion had faith in the Rwanda’s economy on just the Euro Bond market. Whether Rwanda builds a vaccine factory or invests in another innovative industry; Himbara, Museveni and Rujugiro can only watch with envy.