Bank of Uganda issued cybersecurity guidelines for supervised financial institutions (SFIs) that came into effect on 1st July 2024. In preparation to the launch of Summit Consulting Ltd’s Project Frontline 2024 that details the state of cybersecurity in Uganda, we will be publishing common methods and schemes hackers use to gain unauthorised access and compromise your security (confidentiality, integrity and availability of data) on a daily basis. If you use any digital device to access the Internet, take time to educate yourself. You will learn how hackers can break into any system and how you could easily become a victim of…
Value for money
Who in their right mind would spend over a billion Ugandan shillings on land just to hold? Someone called me saying, “I have a building in Hoima City I told him I wasn’t interested and added that I don’t have that kind of money to tie up in a building where even the best tenant can’t pay UGX 5 million net monthly. He then asked if I knew anyone who might need such a building, and I told him no. “Only folks who deal in real estate, buying and selling, should be approached, or those who don’t understand the value…
Beware, People Have Gone Mental
Last Saturday, I took my 4-year-old son to a nearby field to play football. A stranger joined us, being overly friendly to my son, cheering him on, giving him the ball, and encouraging him to score. He seemed like a decent person. But things took a turn. When he started trying to pick my son up and fly him through the air, I told him, “That’s not football.” He slowed down, but then he started asking questions about me, trying to get to know who I am. Eventually, he got my phone number. After disappearing for 5-8 minutes, he returned,…
The Story of an Aspiring Artist
There is a video of a man showcasing raw talent in the car parking basement. This man indeed is talented. As I watched, I remembered a story I read about an aspiring artist, Anna, who dreamed of having her artwork displayed in a prestigious gallery. Like this man, Anna was talented but didn’t have any connections in the art world. You know few people want to open doors for others. They want you to struggle on your own and grow naturally. Anna had a winning mindset. Instead of waiting for opportunities to find her, she always prepared and then looked…
Are Kenyans more hardworking than Ugandans? There is perceived exceptional work ethic Kenyans display over Ugandans, or any other nationality of the region for that matter, may be attributed to certain questions of economic, social, and historical contexts. Three such scenarios that justify the labelling of Kenyans as being hardworking compared to their fellow East Africans are: The performance is somehow average to be the leading within the East African region. Kenya ensures her economy is pegged on the following sectors; agriculture, manufacturing industries, offering services and lastly technology. With such an economic diversity, it for sure calls for a…
Ever Wondered How Vacations Can Boost Your Career?
In 2016, my wife and I committed to exploring a new country every year for vacation. This decision has been consistently upheld since then. In 2018, we chose Bangkok, Thailand as our holiday destination. At the time, I held a position as a board member at an international NGO in Uganda. Curious about the NGO’s presence in Thailand, I conducted online research and discovered their extensive operations there. With the chairman’s approval, I planned to visit their office during my trip. Before departure, I gathered information about key personnel, including the executive director and other directors. I reached out to…
