World leaders seem to have accepted the new reality: coronavirus is here to stay just like HIV/AIDS and the earlier we learn to live with it and not without it the better. Today 6th June 2020, the total number of confirmed coronavirus cases stands at 557. A total of 319 are under admission. No death has been reported as yet in Uganda. Despite the increasing number of confirmed cases, governments have continued to ease the lockdown restrictions. As of today, many of the businesses have been allowed to re-open; including manufacturing companies, markets, retail shops, and cars – both private…
The changing role of a Chief Finance Officer
If Legal is a key pillar of corporate governance in any institution, Finance is the Ring Beam that holds the entire structure together. Yet, many finance officers continue to occupy the seats at the edges of the high table, instead of centre stage. This has not only alienated the finance function as a support role, instead of a mission-critical one that is given all the resources -in terms of skills and tools – it requires to transform the business or enterprise. In this era of VUCAP – volatile, uncertain, complex, ambiguous, and pandemic, the role of the finance department under…
George Floyd: the man who ignited a revolution with “I can’t breathe” last words
It is never too late to make a difference. After 46 years on earth, the world got to George Floyd in 2020 following his untimely death in the hands of a one, Derek Chauvin, the man who continued to increase pressure on George Floyd’s neck as the victim begged for breath for 8 minutes and 26 seconds. And who would have imagined that a mere black American, a bouncer, would become the face of a revolution and activism against racial injustices not only in America but globally? George Floyd memorial was held on 4th June 2020. It featured great speakers…
Why we are poor? The other dimension of poverty
The difference between the poor and the rich countries is not the age of the country, the color of the people, their size, or even height. This can be shown by countries like India and Egypt that are more than two thousand years old and are poor. On the other hand, Botswana, Canada, and Australia, that one hundred years ago were inexpressive, today are developed countries and are rich. The difference between poor and rich does not reside in the available natural resources. Japan has a limited territory, 80% mountainous, inadequate for agriculture and cattle raising, but is among the top…
Here is how to transform your internal audit department
Are you adding value as an internal auditor or you are just ticking and bashing and getting lost in the paperwork? In these pandemic times, you must claim your place at the highest table of decision making by providing consulting and advisory insights that transform your audit clients. To read the complete presentation we made to the Government of Uganda Internal auditors, under the auspices of the Internal Auditor General, Internal auditors have a place at the highest level of decision making – the audit committee of the board as they report directly to the board (functionally – internal audit…
Do the work, book 1 of week 1 of June 2020
It is ALMOST the second half of 2020. Time is flying Now is the time to reflect on your achievements in the first half of the year. It has been a tough one. The coronavirus pandemic has given many people reasons to lag behind their targets. Do not be one of them. Do work. Remember, the pandemic affected everyone and your peers and competitors alike. In business, we call it systematic or general risk. You have no excuse. Since January 2020, I have shared one book per week. This week, I recommend you read “Do the work”, by Steven Pressfield.…
