Figure 1: CERUDEB’s jaws ratio year-on-year If you follow the developments in the banking sector, you could have noticed published financial reports by banks as 1st May 2020 approached. At Summit Consulting Ltd’s summitBI, we collect and publish the annual banking sector report.  Based on our analysis, 2019 was a year of mixed fortunate for banks, see Figure 2.  Seven banks made losses, two more compared to 2018. Keep in mind there was no coronavirus in financial 2019. Based on the published financial statements, the industry average cost to income ratio was 81.4%. That means for every Ugx. 100 made…

I have fond memories of my early life because I was brought up by a woman, my mother, who never tolerated laziness. Her favourite advice was always: “don’t feed the stomach before the brain. When the stomach is empty, it makes the brain think. When the stomach is full, it makes the brain to switch off.” By feeding the brain, she wanted us to read first before eating. She always encouraged the right behaviours (going to school and doing house chores) despite having not gone far in studies herself. Thank God she was educated, not trained. She knew what critical…

Preparation is important. However, starting is the secret to winning. Never wait to be 100% to start. I have seen people with ambitions to publish a book, only to spend over 10 years in research. Even when they complete, they never publish the book. Always worried about what the readers will think. Always judging themselves. There are always people having a bad day and will always take it on you. Once in a while, you will receive an email unsubscribing from your mailing list. For some folks with poor self-esteem and business focus, they become so discouraged and frustrated by…

Amazon analytics recommended to me a book titled “Mathematical mindsets. Unleashing the students’ potential through creative math”, based on my interest in the subject according to my purchase history. This book is a gem. I recommend you find a copy and read. You get insights to be open-minded. There are several methods to solve a math problem if you are open to learning. And no wonder math underpins all creative minds as it powers one’s brains with logic. We are taught that to solve the problem, first know the principle. That way, you can find so many more ways of…

  Times have changed. We now live in pandemic times. It started as Coronavirus, evolved into a pandemic, and now a keep a mask on your face virus. Now more than ever, people are the real asset that can make a break a company in times like these. Not finance. Not technology. Not lots of machinery. The most powerful tool that transforms organizations is people working as a team. The ability to have all people in their respective departments rowing the canoe in the same direction is the key differentiator between a successful organization and a mediocre one. Teamwork is…

A story is told that at the height of the space program, both Soviet and American Astronauts faced a big challenge. How to take notes when in space which has no gravity rendering the normal pens fail to work since the ink cannot flow. You can try to test it now with any pen in your hands. Try to place a paper on the wall, at a position higher than your head. Lift a pen and try to write on that paper overhead. At first, the ink will write. However, after two minutes, it will stop writing with consistency. That…