Ship your grain across the sea; after many days you may receive a return. Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land. If clouds are full of water, they pour rain on the earth. Whether a tree falls to the south or to the north,… Continue reading Invest in seven ventures, yes, in eight
Headline inflation is a measure of the total inflation within an economy, including commodities like food and energy prices, (e.g oil and gas), which can easily (spontaneously) rise in case of a sustained increase in general price levels of goods and services. Statistics from the Uganda Bureau of Statistics (UBOS) indicate that Uganda's annual headline… Continue reading The reason behind a rise in Uganda’s Headline Inflation
Harvard's Centre for International Development recently released its latest global growth projections, which lists Uganda as one of the economies to grow fastest by 2026. The report noted that with the fall in oil prices, growth leadership has shifted towards, more diversified economies like Uganda. Uganda is expected to grow by 7.9% annually until 2026… Continue reading Is agriculture benefiting from Uganda’s economic growth?
LAST weekend I found a way of combining roast meat, drinks and a discussion about plastic recycling with an interesting fellow called Frank Morris Matovu, at Zone 7’s Shisanyama (a whole other story of its own). Frank is an architect, an artist, an avid reader, a curator and a collector of old books. I first… Continue reading Memories of what Mulago Hospital was meant to be and what it has become
The complexity of our present-day trouble suggests as never before that we need to change our present concept of education. Education is not properly an industry, and its proper use is not to serve industries, either by job-training or by industry subsidised research. Its proper use is to enable citizens to live lives that are… Continue reading There’s need to adapt our education system to present-day world complexity
In the recently concluded meeting of East African Community (EAC) heads of state held in Kampala, Uganda, bureaucracy was identified as one of the biggest hurdles to infrastructure development within the region. During the meeting, discussions centered around improving electricity generation, linking regional roads, and investment in information and communications technology if the region is… Continue reading Uganda needs a boost in its tax base to fill the existing infrastructure gap
Do you have core values on which to anchor your decision-making? If yes, what are they? If no, what do you base on when making decisions? I came across an interesting article in the Harvard Business Review which prompted me to ask myself the above questions. I've decided to share this article with you. I… Continue reading How defining-moments form your character
“There are too many of us and we are all too far apart.” ― Kurt Vonnegut I’m writing these words knowing that people from all over the world are going to read them. People of all ages, ethnic and cultural backgrounds, of different religious beliefs. Most of them, I’ll never get a chance to meet.… Continue reading Too far apart…
Urban farming involves cultivating, processing, and distributing food in or around a town or city. https://en.m.wikipedia.org/wiki/Urban_agriculture This type of farming involves growing fruits, vegetables and rearing animals on small and well-planned plots of land. According to the latest statistics from Kampala Capital City Authority (KCCA), an estimated 80,000 households are currently engaging in urban farming.… Continue reading Urban farming: An opportunity for the unemployed youth
Based on the data released by Uganda Bureau of Statistics (UBOS), economic growth is projected to average about 6.3 percent over the next five years. This growth is mostly being attributed to a rise in public investments, increasing growth in consumption, and improved agricultural productivity, which is largely tied to favorable and consistent weather conditions.… Continue reading A peek into the future of Uganda’s economy
The first time I inadvertently explored the intersection between entrepreneurship and Faith was when I had to choose between my Christian-biblical principles and losing a business opportunity. I was left in a dilemma, one that am yet to fully comprehend. Anyway, before I reduce Christianity to a series of start-up buzzwords, let me take a… Continue reading It takes Faith to be an exceptional entrepreneur
A good number of people have lost their property to banks because of failure to fully understand the terms of payment, not until it's too late. This failure has not only affected the borrower, but also banks in terms of Non-Performing Loans. (These result when borrowers aren't able to pay back their loans within the… Continue reading Bureau to stop banks from attaching borrowers’ property
The number of people leaving rural areas for city suburbs is increasing by the day. Most believe that the "pastures are greener" on the other side, with chances of accessing better healthcare, education, and job opportunities. This has resulted in an influx of the city suburbs and an imbalance in demand for food vis-a-vis its… Continue reading Investments in rural farms will ensure future cities are fed
Africa represents about seven percent of the world's internet users, and 37 percent of those are in the Common Market for Eastern and Southern Africa (COMESA) region. With those statistics, the continent is yet to reach a desirable level of digital connectivity. That said, benefits being enjoyed currently in spite of the limited access to… Continue reading Why Africa should invest in digital technologies
Private Sector Foundation Uganda (PSFU), on behalf of Ministry of Finance is implementing a skills development facility (SDF) project to boost internship programs in vocational training institutions. The project will provide grants to companies that are active in agribusiness, construction, and manufacturing such that they are able to take on more students for internship programs.… Continue reading PSFU to boost internship programs in Uganda
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One of the newest figures to emerge on the world stage in recent years is the social entrepreneur. This is usually someone who burns with desire to make a positive impact on the world, but believes that the best way of doing it is, as the saying goes, not by giving poor people fish and… Continue reading Who is a social entrepreneur?
Every market is driven by different factors, some play very big roles in the subsequent transactions, while others aren't as significant. In today's article, I point out how the factors of demand and supply complement each other in this, the job market. Like in any other market, the employment industry is affected by factors of… Continue reading How does demand and supply affect your employment?
Over the years, technical and vocational institutes have carried a negative stigma in our society. This is because most people are so caught up in the formal school setting. Vocational institutes are looked at as a dead-end option for underachieving students. So, it's hardly an alternative for the average Ugandan household. However, given the recent… Continue reading Technical Institutions: An alternative to create employers.
In today's dynamic job market, the need to have a unique skill(s) cannot be emphasized enough. New work models are cropping up like freelancing, where employees don't have to necessarily sit at a desk to work for an organization. Within many companies, teams are learning to be agiler, to work with distributed and remote workers,… Continue reading Do you have the skills to keep your job?
NEW DELHI: Over 60 per cent of marketers in India believe new-age technologies are going to impact their workplace practices and consider it the next big disruptor in the industry, a new report said on Thursday. According to a global report by software major Adobe that involved more than 5,000 creative and marketing professionals across… via… Continue reading Impact of Artificial Intelligence being felt globally
In today's article, I put into perspective the recent move by the Central Bank of Uganda of reducing the CBR in order to jumpstart the economy. Enjoy the read... Over the past months, Uganda's economy has experienced a massive slowdown in its growth. A number of events have played a significant role in this economic… Continue reading Will a reduction in the CBR jumpstart Uganda’s economy?
The homerun obstacle race was scheduled for 27th May 2017 and I was so looking forward to it. Unfortunately, a few days prior to the race I got sick and started second guessing my participation. This race was meant to demonstrate the challenges that refugees face while fleeing their home countries, usually in small families.… Continue reading The Homerun: If you’re willing, then it’s possible.
I usually take walks along the streets of Kampala everyday after work. Last Friday proved to be one of a kind, mostly because I was accompanied by an enchanting and brilliant young lady. Momentarily, a conversation ensued between us in which I got fully immersed. Just across the street, there sat an able bodied man… Continue reading Development starts from within us.
Putting things off is the biggest waste of life. It snatches away each day as it comes, and denies us the present by promising the future. The greatest obstacle to living is expectancy, which hangs upon tomorrow and loses today. You are arranging what lies in fortune's control, and abandoning what lies in yours. What… Continue reading Dare to live today!
I am always fascinated by the prospect of discovering a new definition of economics and its role in shaping the dynamics of our society. Some of you are probably still caught up in a maze of figuring out what this phenomenon called "Economics" actually is. A number of people perceive it differently and so have… Continue reading The state of Economics today.
We need to strengthen research for efficiently produced healthy food, while ensuring the availability of food at affordable prices. Finding out things like how much and how long it costs to produce a given crop, the available market say in a given region go a long way in ensuring that there's efficiency in production. With… Continue reading Relevant research is important for prosperity of the agricultural sector.
According to the International Telecommunications Union, it's estimated that about 3.5 billion people, almost half the world's population will be online by next year. Of these people, about 2 billion will be from developing countries including 89 million from the least developed countries in the world. In a recent article published by Prosper Magazine, the… Continue reading Are you making productive use of your mobile phone, social media, and internet?
Today, I was priviledged to attend a conference with the theme Power, Sex, and Money, the emphasis being on Money. Majority, if not all of the people in attendance were quite youthful, with some of them being university students and others recently starting out in their careers. The discussion of the day was quite interesting… Continue reading Living within your means for a better tomorrow.
As trees grow, they help to stop climate change by removing carbondioxide from the air, storing the carbondioxide in the leaves and soil, as well as releasing oxygen into the atmosphere. Trees provide many benefits to us every day, they offer cooling shades, attract birds and wildlife, purify our air, prevent soil erosion, clean our… Continue reading Planting trees: A huge leap towards fighting climate change.
Food waste contributes greatly to world hunger. One solution includes placing a greater emphasis on post-harvest food preservation methods such as solar refridgeration, intelligent packaging and creating a world food preservation center. Charles. L. Wilson, Ph.D Thanks for reading, until next time...
Drought normally hits crops at the flowering and seed stages, which is critical in determining the size of a crop's harvest. Therefore, we need to look beyond the traditional food crops that we have become accustomed to, and start growing those that can withstand harsh weather conditions. According to Science Daily, lead researcher Dr. Kai… Continue reading Drought resistant crops are the way to go.
"There are ways for students to adapt their academic pursuits to compete with an increasingly automated workforce, by learning to be creative thinkers who improvise in ways that computers cannot." Business Insider We ought to capitalize on those soft skills that no machine or computer can offer. Thanks for reading, until next time...
After completing campus (University studies), the dream of every graduate is to get a job and apply the knowledge that we have amassed. We spend sleepless nights perfecting our CVs, making numerous job applications, and then dropping them off one office at a time. Finally, when that lucky break manifests and we get a job,… Continue reading Artificial Intelligence: Reality of a jobless future.
The theory behind Crane Bank's takeover by DFCU Bank.
Hey there, my name is James Lubwa and I have recently completed my B.Sc in Quantitative Economics. I am currently living in Kampala, Uganda. My passion for Economics and the love to write have sparked an immeasurable desire to start this blog. I intend to write about Economic issues in my locality and those around… Continue reading First blog post
Making the most of the opportunities within a struggling economy.
Photo from http://www.dispatch.ug
OVER the years, I’ve picked up this highly useful fact from various successful Asian and Asian-Ugandan businessmen operating happily in Uganda: EVERY time there is a political or national event, they pay close attention to what the speech-makers are saying.
When it’s the President, they pay extra-special heed to the details of what he says and they thereafter follow up by making additional inquiries and investigations with the relevant offices.
One of them told me this as he was explaining why his father had invested in the first level of successful industry back in 1988, after two years of closely following this new NRM/A government all the way from London, in the United Kingdom. The young man himself was showing me round an investment project of his own that had built on his father’s success but fed off the plans the government kept announcing and dropping hints…
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The homerun obstacle race was scheduled for 27th May 2017 and I was so looking forward to it. Unfortunately, a few days prior to the race I got sick and started second guessing my participation. This race was meant to demonstrate the challenges that refugees face while fleeing their home countries, usually in small families. Some of the challenges included delays in the documentation, language barrier, tiresome routes, hostile and unfamiliar cultures. Manoeuvring through barbed wire fences, climbing over walls, crawling through muddy fields were also simulated.
The day before the race, just after deciding not to participate, I got a pep-talk from a close friend who successfully convinced me to change my mind. However, there was one problem, I didn’t have a family to run with. “Hey James, am looking for a team, can I join yours?” a colleague asked me. “Hey, I don’t have one, but we could…
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Hope is like the sun, which, as we journey toward it, casts the shadow of our burden behind us. Only in the darkness can you see the stars. When you have lost hope, you have lost everything. And when you think all is lost, when all is dire and bleak, there is always hope.
Thanks for reading, until next time…
According to the International Telecommunications Union, it’s estimated that about 3.5 billion people, almost half the world’s population will be online by next year.
Of these people, about 2 billion will be from developing countries including 89 million from the least developed countries in the world.
In a recent article published by ProsperMagazine, the following was quoted;
The evolution of mobile phones has not only revolutionalised the way people communicate, but it has also shaped the way people do business all over the world.
Many people are increasingly investing in online businesses which are growing every successive day.
This implies that the number of opportunities that you could tap into are only limited by your digital skills and knowledge.
Do you have the necessary skills required to make productive use of your mobile phone, social media, and the internet?
What are you doing about it?
Thanks for reading…
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