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…

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…

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…

It is that time of the year where everyone spends like crazy. You need to remember that 2014 is coming and the period from January to March is always a tough one especially if you are a salaried employee with undiversified revenue sources. As you spend, remember you will need to pay rent (for office or home), school fees (for your kids or dependents) and transport (to and fro work), in addition to a plethora of other costs. Many times, your expenses in Dec can easily be contained. One of the rules is not to buy new clothes in December,…

If there is any country that is at the forefront of excellence and advancement, it is Rwanda. The country is doing right all the things that matter for unprecedented economic growth through empowering the locals. A few examples: Students in a classroom in one of the remote places in Rwanda. Imagine how good and competitive these kids will be in 10 years! Infrastructure Rwanda’s infrastructure is slated to become the best in Africa, if not yet already. Every time I visit this small country, there is always a new spectacular. The road network, quality of the infrastructure, the cleanliness of…

This is good for all those concerned about efficiency in schools. If you are a teacher or a head teacher or an owner of a school or institute, you already know how difficult it is to manage a school, especially staffing. During the MTN Business Training for SMEs in Mbarara, one of the participants requested for guidance on how to manage a school, especially, the ideal number of teachers to have. The participant, the Chairman and Founder of a secondary school in Mbarara, gave the following statistics: School population: 1,300 pupils Number of classes: Ordinary and Advanced levels. O level…