Hello Everyone; Growing up, I noticed something very interesting: A lot of the men in my town who were in the formal economy and could rely on monthly income, died shortly after coming to retirement, normally between three and five years. Many of them, would have just semi-completed their building projects (not done but still habitable). The next thing is for them to finally invest some of their SSNIT cash into their wives’ business (normally groceries store). Unfortunately, a couple of them still pay fees of children (normally out of wedlock). They then suddenly die. The superstitious inclination of the…

Call me insensitive if you wish. But I gotta say this. You cannot shut down an economy because of a disease that kills less than 3% of persons who contract it. These are stats from countries with ageing populations, unlike us. Save for Italy with a fatality rate of over 10%. But let us face it, the median age in Italy is 46, compared to Uganda at 15. I would be considered a young person if I was in Italy at my ‘ripe old’ age of 43. Even when Aids afflicted almost 25% of the adult population in Uganda with…

How much of the profits do banks reinvest in the economy? Which bank is the most efficient? Why would banks making profits suddenly go belly up? The summitBI® Banking Report 2019 (summitBIR19) (based on the published FY 2018 annual reports by banks as required by section 26 of the Financial Institutions Act, 2016 provides answers to all these questions. The report reflects that international banks control more than 75% of the banking sector, thereby exposing the economy to high risks of capital flight. This risk manifests in terms of increased dependency on foreign service providers for services that would otherwise…

Are you too good to be great? “You will be the same person 5 years from now except for two things: the books you read and the people you meet.” Who said that powerful statement? When it comes to leadership, which books are you reading? Get a copy of Mustapha B Mugisa’s new book on corporate governance and transform. The book provides practical insights for your career and leadership growth. In the next paragraph, find a review of the book by Paul Busharizi, as published on Amazon, How-Board-Become-Fantastic-Director-ebook, to appreciate the what value you could be missing. “Starting a business is…

In today’s VUCA (volatile, uncertain, complex and ambiguous) world driven by the Internet of Things, Robotics, Artificial Intelligence, Machine Learning, and BigData, you need a powerful solution to gain real-time insights to stay ahead of your business. So, which data analytics tools should you invest in and why? By the time you read the last paragraph of this article, you will have information to make the right choice, save money by investing in the right audit and financial data analytics tool. Who needs analytics? Anyone with responsibilities for decision making. To be competitive, all staff at the manager level and…