In conclusion, I want to congratulate the Nation Media Group’s Board of Directors, the Management and staff for this monumental achievement today and also recognize the following parties who were very important to ensuring this transaction was concluded professionally and in good time: The Transaction Advisor African Alliance Uganda, The Legal Advisors in Uganda Sebalu & Lule, The Legal Advisors in Kenya Iseme, Kamau, Maema Advocates and finally The Reporting Accountants PriceWaterhouseCoopers.
Much of the work on this has been carried out by the IMF and indeed by Maurice Obstfeld himself, so Maurice should correct me if I am wrong, but essentially liberalized capital flows should go hand in hand with functioning judicial systems including well enforced property rights, developed and well regulated financial systems as well as stability-oriented macroeconomic policies.