Whatever innovations in jazzy products that come, they must be in a context where people’s money is safe and people have confidence that it is safe”, Dr Simon Kagugube, Acting Managing Director of CERUDEB. [Note: This article was first published in Summit Business August 2009 issue.] The recent entry of many international banks into the Ugandan market has created stiff competition in the industry and brought in a wave of innovative products. Banks are increasingly looking for a competitive edge through innovation, cost-cutting, and mass marketing. Mustapha Bernabas Mugisa met with Dr. Simon Kagugube, the Acting Managing Director of Centenary…
From WhatsApp: Understand the principles of politics as already elaborated in the prince by Machiavelli
In politics you must understand that; Nobody has your interests. Everybody is chasing their interests. Dealing with politicians is like sleeping with tigers; you must always have your eyes wide open. In any Political equation, there’s always someone being used. If you can’t find one then it is you. Serving Politicians is like being a bandage on a wound. Once the wound is healed your usefulness ends. Politicians don’t recognize and reward value they recognize their own needs and you are only as useful as the lifespan of their need for you. In Politics never wail more than the bereaved.…
From WhatsApp: Why men die early? Ask no more…
Hello Everyone; Growing up, I noticed something very interesting: A lot of the men in my town who were in the formal economy and could rely on monthly income, died shortly after coming to retirement, normally between three and five years. Many of them, would have just semi-completed their building projects (not done but still habitable). The next thing is for them to finally invest some of their SSNIT cash into their wives’ business (normally groceries store). Unfortunately, a couple of them still pay fees of children (normally out of wedlock). They then suddenly die. The superstitious inclination of the…
#covid19 cases on a steady rise in Uganda: what next?
The confirmed #coronavirus confirmed cases in Uganda stand at 116 as of 10th May 2020. The good news is fifty-five (55) people have fully recovered. The good news is there are no #covid19 related death recorded. There has been a steady increase in the reported cases since lockdown was eased. This is worrying, as many people would like to go back to work. As indicated in Figures 1 and 2, there were 48 confirmed cases as of 3rd April 2020. The cases increased to 85 by 2nd May 2020. That was an increase by 37 new cases over 29 days,…
Best from WhatsApp: 100 years old industry of AVIATION
A very SAD day for a 100 years old industry of AVIATION Virgin fires more than 3,000 people including 600 Pilots. Virgin Australia files for Bankruptcy. Air Mauritius goes into Administration. South African Airways Bankrupt. Finnair returns 12 planes and lays off 2,400 people. YOUR grounds 22 planes and fires 4,100 people. Ryanair grounds 113 planes and gets rid of 900 pilots for the moment, 450 more in the coming months. Norwegian completely stops its long-haul activity!!! The 787s are returned to the lessors. SAS returns 14 planes and fires 520 pilots… The Scandinavian states are studying a plan to…
From WhatsApp: Bank of uganda will kill the ugandan economy after #coronavirus
Omongole Richard A farmer. Uganda ‘ s post coronavirus economic failings are going to come from the IMF/world bank supervised theoretical economist at Bank of Uganda. You borrow $ 491.5 million, then $151m will go to budget support and UDB. A whole $340m just for bank of Uganda to stabilize the exchange rate! Textbook economics based on purely western perceptions of how African economies should run. Most of the countries in the west have released billions and trillions of dollars directly to SMEs, manufacturers, agriculture, businesses, airlines, hotels etc to quickly revive their economies but we who are copying the…
