The world is closed for business thanks to #covid19. No one knows for sure when this coronavirus pandemic shall be subdued. Cases continue to rise by the day. As of this writing, there are 3,116,992 of which 217,183 have died, representing a 14.4% case mortality rate. This means, on average, for every 100 people infected with the coronavirus, 15 people die. The US has a 5.6% case mortality rate, which is below the global average at 14.4%. The best strategy to manage the virus is to test as many people as possible. The following are some of the lessons I…
#covid19: When can the world return to work?
As the WHO warns the world about the second wave of the coronavirus pandemic, many countries are still overwhelmed with the first wave. The world economy loses a lot in just a single day of lockdown. However, pre-mature lifting of the lockdown could bring a second wave of the infection. When it comes to covid19, it seems each world works alone. However, when it comes to trade, countries work together. How ironic! Each country has implemented internal preventative controls including stringent international border restrictions to reduce imported cases. But what is next? How can the world return to work, amid…
From WhatsApp: The Covid Pandemic: The journey towards resuscitating the economy of Uganda
PRESS RELEASE KAMPALA, UGANDA – As we continue to support all initiatives being outlined by both Government and the donor community in a bid to protect Ugandans from the effects of this pandemic, Private Sector Foundation Uganda (PSFU) has had discussions with various partners to devise measures on how the economy can be revived. The foundation has held numerous meetings with government, through the Ministry of Finance and the following intervention areas were proposed for Government consideration; Pay all domestic arrears to increase liquidity in the economy Domestic Tax: Deferment of Payroll Tax payments to ease business cash flows for…
The state of #covid19 in Uganda: My take on the President’s address
Kampala: 28th April 2020 – President Museveni made yet another Presidential Address on the state of #covid19. Below are the highlights. The coronavirus pandemic is real. To prevent the spread of the virus in Uganda, several measures were put in place nationwide. About 2,000 people who defied the directives have been arrested to date, thanks to the vigilance of the security forces. Coronavirus confirmed cases are 79 in Uganda. 52 Ugandans, and 27 foreigners, the majority of whom are Tanzanians at 13, and nine Kenyans. Now, the situation is under control. As of today, a total of 12,390 people tested…
How to formulate a #covid19 response and recovery strategy and work plan
Are you winning or losing to the coronavirus pandemic? The economy, businesses, and lives have been disrupted. Now is the time to put in place a response strategy to respond to the covid19 challenge. The good news is the covid19 risks are systematic – or general risks that affect all the businesses. Unlike unique or unsystematic risks that affect a sector or business, covid19 has affected all companies in equal measure. Covid19 happened suddenly. It is like an airplane that is moving normally and suddenly enters think clouds that cause turbulences, and all the passengers in the aeroplane hold on…
PRESS RELEASE: Summit Consulting appoints a new Director: Pius Babyesiza
KAMPALA – 1st May 2020. Summit Consulting Ltd, summitcl.com, a professional services firm offering proactive forensics and fraud management services, corporate strategy, and risk advisory and IT security services is pleased to announce the appointment of a new Director, Pius Babyesiza. Pius is a Chartered Accountant and Change Management Expert with more than 13 years of experience in finance, leadership, and fraud risk management. Pius started his career at Ernst & Young CPAs and his outstanding work has taken him to various companies in different sectors including agriculture, energy, manufacturing, and finance. Before joining Summit Consulting, he served as Chief…
