Understanding the impact of a weak Uganda shilling What does a weak US $ against the Uganda shilling mean for; The growth of Uganda’s tourism industry The growth of our economy? Disclaimer: this article is too simplified ideal for a beginner. Around December 2013, the US $ exchange rate against the Uganda shilling went the wrong way for the US $. Around June 2013, (one unit of US dollar) US $1 was being bought at Ugx. 2,700. This meant that the US $ was very strong (one needed 2,700 Uganda shillings to buy just one dollar!) As time went…
Top 5 hi-tech frauds that awed me in 2013| unclassified
Below is a countdown of the cyber frauds that proved fraudsters are always a step ahead of the good guys. Unfortunately many top honchos still live in self-denial. Average leaders place blame, exceptional leaders take it. When it comes to fixing the fraud problem, exceptional leaders will have to confront the problem head on through acknowledging it and addressing it in unconventional way. Before we consider the fraud strategies that work in Uganda, let’s do a countdown of the top five frauds that happened in 2013. Fraud case highlights · Kshs 15.6 million lost in an internet banking scam…
Top five challenges your small business must fix in 2014
In 2013, I am proud to have worked with MTN Business to empower small and medium sized business in capacity building and skills development. This one of the top projects I am proud of. MTN sponsored the training of over 200 entrepreneurs in Northern and Western Uganda regions. The training covered critical topics for business success – – internal controls, working capital management, strategic planning, bank reconciliations, using MTN cloud business solutions, taxation and compliance and sustainability. During one of the the presentations, I asked participants “what are your top 5 challenges that keep you up at night?” Below is…