Minister Kasaija tabled a Shs 72.1 trillion budget with revenue targets of Shs 37.2 trillion, a record 60% to be self-financed. The rest? Borrowed or begged. Projected GDP is Shs 254.2 trillion (USD 66.1 billion) for FY2025/26, up from Shs 226.3 trillion this year. The cheer? A 7.0% growth estimate. The caution? That optimism is riding on shaky assumptions– oil dreams not yet materialised, global price volatility, regional unrest, and donor fatigue. The structural deficit, 7.6% of GDP, remains huge. We are witnessing a classic case of what Economists refer to as “fiscal drift” — a budget that grows but…
Happy New Week! What foundation are you laying?
It’s six months to the end of 2024 already. Time flies indeed! How are you building your success foundation? I recently read a story about a Chinese bamboo tree, and it changed the way I look at things especially when laying the foundation for future success. It will change yours too. A one Jackson went on an experiential tour and saw a huge beautiful bamboo forest. As he was led around the forest by the host, Jackson admired the farm. He asked for guidance on how to start a farm like that. He saw tall bamboo trees and was amazed…
Assume you are ABFS’s CEO, which of the following strategy proposal cover letters would interest you most?
Strategy Proposal Cover Letter A Dear Sir, I am writing to express our eagerness to provide strategy formulation services for AB Financial Services (ABFS). With a proven track record in the financial services sector, Summit Consulting Ltd is well-equipped to contribute valuable insights and innovative strategies to enhance ABFS’s competitive position. Our approach involves a meticulous analysis of market dynamics, competitor landscapes, and internal capabilities, ensuring a tailored strategy aligned with ABFS’s vision and objectives. We prioritize transparency, open communication, and a results-oriented mindset to foster a collaborative partnership. We would appreciate the opportunity to discuss our strategy formulation services…
How to nurture the innovative spirit?
Many leaders ask: how do we nurture the spirit of innovation to stay a step ahead of the competition? When Micheline, one of the leading global tyre manufacturers, wanted to stay relevant and create customer loyalty, it asked: how do we create a great travel experience while deepening customer engagement. The answer was effective execution of the idea of publishing authoritative a travel guide, with detailed information about car tyre repair centres, mechanics locations, good restaurants, and other directions of where to find what. With the invention of mobile phones and the yellow book, the Micheline travel guide started losing…
Understanding cybersecurity and computer forensics
Security is a human right. It gives you peace of mind to focus and thrive. Everyone feels safer at their home. This is because of a special feeling of being in control of the environment. You are so familiar with your home and neighbourhood that you feel safe and confident. Depending on your income level, at home, you have implemented basic physical security in terms of access control. In addition to the doors on each room in your house, you have implemented burglar proof in all windows and doors. And that is not enough, you have a tall perimeter wall,…
The future belongs to actionTEAM, the tool for effective collaborators
When people and devices are connected seamlessly, they achieve great things. People who work as lone wolves may achieve success, but it may not be to their full potential. There is power in collaboration. That is why at Summit Consulting Ltd we asked: 1) How do you create accountability for effective strategy execution? 2) As a busy executive, how do you monitor progress against the set (balanced) scorecard targets company-wide? 3) How do you empower each of your over 50+ staff to have clarity of their roles in the journey of business growth? How do you improve staff effectiveness and…
