In a successful family, the roles of each partner are crucial for maintaining harmony and well-being. The husband takes on the role of the Chairman. He presides over family meetings and discussions. His focus lies in the bigger picture—family development. This includes defining the sources of income, financial planning, and strategies to enhance and sustain the family’s lifestyle. The wife acts as the secretary during family meetings. She —keeps records of all meetings. Updates the chairman on key resolutions and matters arising. Safeguards the meeting minutes, which may cover various topics, including intimate matters like bedroom performance indicators and areas…

While there are undoubtedly accomplished Ugandans, the tendency to falter in cohesive collaboration often impedes progress which keeps success at a distance. In contrast, many Kenyan professionals excel in strategic global collaborations, networking, and teamwork, positioning Kenya as East Africa’s commercial capital and a regional tech hub. Frequently, Ugandans opt to work as employees in Nairobi, while Kenyans actively engage in entrepreneurial roles in Kampala, serving as founders or key executives. This discrepancy highlights the difference in approach between the two nations. In 2015, during my tenure as an active ethical hacker practitioner and certified EC-Council Instructor (C|EI), I was…

The saga of Entrepreneurs Financial Centre Uganda Limited (EFC Uganda Ltd), a microfinance deposit-taking institution (MDI), serves as a stark reminder of the imperative to fortify board structures and overall governance. In 2020, EFC defied expectations, delivering an impressive 19.6% return on equity, a surge of 2.3 times over 12 months despite the global economic downturn in Uganda. The institution also boasted a remarkable 55.1% year-on-year growth in assets, surging from Ugx. 56 billion in 2019 to Ugx. 87 billion in 2020, primarily driven by expanded lending to the informal private sector driven by the group lending credit model. Beneath…

Greetings from the Association of Certified Fraud Examiners, Uganda Chapter (ACFE Uganda Chapter). At the ACFE Africa Chapter Leaders meeting held on 17th May 2023 in South Africa, the ACFE Uganda Chapter was selected to host the ACFE Africa Year-End Networking Event which is scheduled to take place on 16th November 2023 with the theme: “Managing Fraud Risks through Collaborations.” This prestigious event will coincide with the Annual International Fraud Awareness Week that runs from 12th to 18th November 2023. As you may be aware, public and private sectors alike continue to suffer the negative effects of fraud and corruption…

Every business needs a product strategy. Before you define a product strategy, you must start with the customer. Who is your target customer and what does exceeding their expectations look like? You want to understand the needs of the customer today; in the medium term and long term, so that you examine products and services that meet the need.  This means you must be data savvy. You must conduct business intelligence as part of your strategy to identify the market dynamics and customer behaviours to craft products that meet emerging needs proactively. That said, in business, there is a golden…