On 1st May 2017, President Museveni was in Paliisa District for Labour Day celebrations. On the 2nd May 2017, he officially opened the ACOA 2017 Accountants’ conference at Speke Resort Munyonyo. If goods moved around the region with as much urgency as President Museveni, African economies would be reaping off. KunioMirukiya, the secretary general of World Customs Organisation Africa notes that “infrastructure and borders systems are key in facilitating movement of goods and people. Customs should coordinate border management, have one stop border post or a single window and more security by collaboration is what Africa should be looking at.”…
Insurers asked to embrace whistle blowing to curb fraud..
Mr. Mustapha Mugisa a fraud and forensic expert making a presentation on ‘Rethinking Insurance-Beyond Business as usual’, at the CEO’s Breakfast meeting last week at Serena Hotel, Kampala. Insurance companies have been asked to embrace anonymous whistle blowing to manage risks of fraud and offer enterprise risk solutions to their clients. This was echoed by Mr. Mustapha Mugisa, a fraud and forensic specialist at the 34th Chief Executive Officers’ breakfast meeting held at Serena Hotel. Mugisa said, “About 5 per cent of revenue collected by insurance companies is lost in fraud. Fraud activities are taking place in the minds of…
Women tipped on business
Women in business have been tipped on the crucial business skills to enable them realize maximum output from their enterprises. The tips were given at a meeting held on Friday at Protea Hotel in Kampala. Among the skills needed for success of a business, experts said are: self-evaluation to ascertain whether they are on the right track; learn and follow legal requirements; employ appropriate human resources; exploitation of digital platforms; value addition and marketing. This was during the MTN masters class of business women in Kampala, which attracted a big number of female entrepreneurs. Mustapha Mugisa, a governance expert at…
The future of PayTV
KweseTV, is the new kid on the block. It promises to redefine television in ways Africa has never experienced it. Owned and managed by the maverick African entrepreneur, Strive Masiyiwa, KweseTV has all it needs for unprecedented future success. In Uganda, Kwese entered the market with a statement. It bought WBS which had been placed on receivership thanks to tax compliance challenges and other unpaid liabilities the television was struggling with. Great entrepreneurs are always scanning for new opportunities and the next big thing. TV is one of such industries that has been hard to penetrate due to some barriers…
World Bank Uganda Office: why not partner and engage with the private sector in furthering good governance?
What are the motives of World Bank local country offices? Why is World Bank adamant when it comes to partnering and engaging with the private sector especially in issues of furthering the enterprise governance discussion? The Association of Certified Fraud Examiners, Uganda Chapter is organizing the 2nd annual anti-fraud and good governance conference with a theme: Winning Partnerships against the Fraud Risk in the Public Sector. Aware that nothing eats shareholder value like fraud, on 8th September 2016, we sent a partnership and attendance invitation letter. It is unfortunate that World Bank Uganda office turned down the invitation! How does…
Entebbe road: my near death experience
Suddenly, a loud bang in the bonnet swept through inside the car. The steering wheel became very hard to maneuver like that of a car whose Engine is off. Keep in mind I was cruising at 110km/hr, on the wheels behind the Subaru Impreza WRX STi Sport. I gathered all my energy and tried to keep the light car, now very hard car on the road. And finally it came to a stop. I am grateful I got out intact. Have you ever had a close call with death? It is times like these we reflect and appreciate the gift…
