There’s need to adapt our education system to present-day world complexity

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

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Uganda needs a boost in its tax base to fill the existing infrastructure gap

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

Living within your means for a better tomorrow.

Econsimplified

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 and it was centred around the use of money in economic growth and development on a micro (individual) level.

Very importantly though, it also encompassed how to make clean money that will last for years to come, in the process creating a lasting legacy, accompanied by progressive and sustainable micro economic development.

One of the guest speakers was Mr. Amos Wekesa, founder, Great Lakes Safaris ltd who also happens to be one of my mentors. He emphasised the importance of saving and living not only within, but also below our means.

He argued…

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A peek into the future of Uganda’s economy

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

It takes Faith to be an exceptional entrepreneur

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

Bureau to stop banks from attaching borrowers’ property

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 cost of innovation

The paramount doctrine of the economic and technological euphoria of recent decades has been that everything depends on innovation. It was understood that as desirable, and even when necessary, that we should go on and on from one technological innovation to the next, which would cause the economy to "grow" and make everything better and… Continue reading The cost of innovation

Why Africa should invest in digital technologies

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

Who is a social entrepreneur?

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?

The state of Economics today.

Econsimplified

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 varying views on this subject. Some say economics is a way of life, others say its a science that enables society to utilise scarce resources by making decisions based on individual preferences.

When asked, a colleague of mine just narrowed it down to being some complex subject having lots of incomprehensible jargon, that is apparently only meant for the “elite economist!” Well, I beg to defer. I believe that economics is meant for everybody. From the lady vending maize along the streets to the tycoon owning a number of shopping malls in town…

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