Dear PayPal, In 2013, Uganda finally passed the anti-money laundering law, in addition to several laws to promote financial inclusion and good business. In fact, Uganda’s banking system is adequately regulated by Bank of Uganda, and meets all the requirements of IMF and World Bank. It is unfortunate that in 2014, PayPal won’t allow Ugandan entreprenuers and businesses to receive money via their PayPal accounts! Consider my personal case: I have complied with all PayPal requirements on my account. Why has PayPal still failed to enable people in Uganda to receive money via PayPal? Why can’t PayPal, at worst, do this…
Innovation vs creativity: Is Sales force more innovative than Google?
A lot has been said about innovation and creativity that both terms are now confused even to the World’s most super search engine. A Google search of “top three innovative companies in the world” and “top three creative companies in the world” brings results that are almost an exact match, implying lack of clarity in the differences between the two terms. Salesforce is ranked #1 on Forbes list of The World’s Most Innovative Companies. The ranking is based on The Innovation Premium – which Forbes defines as “the measure of how much investors have bid up the stock price of a company above the value of…
Who is your business partner? Test your knowledge
Who is the leader in Telecommunication innovation in Uganda? You got it right? MTN Uganda Who is the most innovative revenue authority in East Africa, and one of the top five in Africa? Again, you got it right. Uganda Revenue Authority. Who is most innovative healthcare provider in Uganda? You’re spot on again: Infectious Diseases Institute Who is the best known brand in banking? You’re brilliant, Stanbic Bank. Who is the leading utility provider in Uganda? Great, Umeme Ltd. And who does MTN Uganda, Uganda Revenue Authority, IDI, Stanbic Bank and Umeme chose as a consulting partner for fraud, forensic…
Are you spending within your means? costs vs high income
On 12th March 2010, Alex Biribonwa attended one of our Unlock Your Potential entrepreneurs’ forums. He invited us to his business offices to advice on business growth. He was dealing in selling wall construction materials of all types. He had a high turnover of about US $50,000 monthly. However, his cost structure was about US $36,000 excluding the factory rental costs which he often paid 12 months in advance. His business, although with high turnover, was not increasing his net worth. He was just surviving with no clear strategy to turning the business around. Write this down: High income is…
Useful information about the Uganda’s students loan scheme
I have received several requests to provide information about students’ loan scheme. The most recent enquiry came from Okiring. It is reproduced below: Hi, I am OKIRING JOHN MICHAEL (NURSING OFFICER) working at Mbale Municipal council, How can one process for this loan scheme and does it apply to upgrading students also? My email[xxxxxx][at]gmail.comBest regards JOHN Okiring, for an answer to your enquiry, please read to the end. At the bottom of this email, find the Students Loan Scheme brochures and Frequently Asked Questions about the scheme. Ensure you read everything carefully. Let me first make this clear: I am not an…
Daily news briefs for Uganda| 22nd April 2014| South Sudan rebels slaughter over 200 & more
The United Nation’s peacekeeping mission in South Sudan (UNMISS) has said more than 200 civilians have been killed and over 400 wounded in a main mosque in Southern Sudan. They also reported of massacres in a church, hospital and an abandoned UN World Food Program (WFP) compound. According to the AFP, South Sudan’s army has been fighting rebels loyal to sacked vice-president Riek Machar after the insurgents launched a renewed offensive targeting key oil fields. The conflict has also taken on an ethnic dimension, pitting President Salva Kiir’s Dinka tribe against militia forces from Mr Machar’s Nuer people. Fighting broke…
