It is so a bad state of affairs. Society is elevating people with money regardless how they got it. Many a clergy or imam, all of us look up to for ethical direction, give front seats in places of worship to folks who tithe in millions. There is no bother to establish the source of the offertory or preach against offering proceeds of fraud. To the fraudster, things are evened out when they share with the Church or Mosque proceeds of their crimes and they also get a ‘closer to the Creator’ status. A medical doctor who subjects his or…
Taxes, family finance and you
I come from Munteme village, Hoima district. In the early 1990’s, Munteme was like a ghost town. Old buildings with leaking roofs that had been left behind by the Indians following President Idd Amin’s mass expulsion of Ugandan Asians. With oil discovery in Hoima, a new sugar processing plant in Munteme village and the upgrading of Hoima-Kagadi road, the village is transforming rapidly. And thanks to government’s approval of Kikuube district in 2015, a total budget of Ugx. 16.5billion has been approved in the 2018/19 budget to operationalize the district. This has attracted many people to the real “oil district”.…
Ethics and integrity training – the new focus for well managed companies
Lack of ethics and integrity is the cause of all problems. As we speak now, someone in a company is stealing from it. ACFE.com estimates an average company loses about 5% of their annual revenue to fraud. No intervention on its own can stop fraud risk. CEOs don’t want to admit that fraudsters are always ahead of their controls. You cannot solve a problem you have not recognised. People will always steal as they can justify their actions and have the opportunity to do so without being caught. Focusing on ethics and integrity training is the best strategy today for…
Here is how to implement a national cyber defence system
It was reported earlier that USA has accused China of Cyber Stalking, something which China refuted in the strongest terms. How can countries avoid such in future? The extent of cyber challenges are rising every day. The use of cyber intelligence, cyber weaponry and cyber tactics in national security management are top agenda for any government. This is the future of national security. Sophisticated weaponry and defence systems are taking the largest share of the R&D budgets. The battlefield is no longer geographical. It is cyber or cloud based. As such, it causes insecurity to everyone globally. Is Uganda prepared…
Is your degree real? Can you support it
If you’ve anything you are selling, error on being practical. It is more effective than talking. Many people can make promises. They can argue and talk a lot. And can be wise after the fact. Very few people know what it takes to accomplish certain things. The ability to do is what makes all the difference. In March 2013, a young man aged about 25 years came to my office looking for a career in Computer Forensics. I was very impressed with his CV. He had a Masters in Computer Forensics. He told me he had studied in the US.…
You don’t have to hurry to accumulate wealth
There are things you are supposed to achieve after hard work over a long period of time of say five to 30 years. Things like wealth accumulation must be made systematically. That way, you establish a strong foundation to sustain your wealth. Don’t expect to become rich overnight. Whether you inherit or win a lottery, if you lack business acumen, it is unlikely that you can make better use of your new acquired wealth. Remember the case of bad black of Uganda? She got over US $5m and almost got mad. She had no idea of how to use the…
