Invest in seven ventures, yes, in eight

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

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here are some of the opportunities that were in this year’s State of the Nation address #EconomicsUG

Making the most of the opportunities within a struggling economy.

scare-a-hero

Museveni State of the Nation from www.dispatch.ug.jpg 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: If you’re willing, then it’s possible.

Econsimplified

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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Are you making productive use of your mobile phone, social media, and internet?

Econsimplified

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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How defining-moments form your character

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

Integrity: A virtue essential for personal and national economic development.

Econsimplified

Yesterday, I was part of a marketplace convention held in Kampala, Uganda. This convention brings together Christians from different walks of life to discuss and share their experience in the marketplace.

Individuals who have been working for more than 10 years or so are given a platform to share their stories and experiences.

They narrate some of the hurdles encountered over the years, as well as the crucial lessons learnt in the process.

Some of the corporate companies represented included Renault motor company, Insurance Company of East Africa (ICEA), and Capital Markets Authority Uganda.

This convention is aimed at empowering christians with knowledge and skills required to prosper and leave a mark in whichever field they encounter.

It also offers an opportunity for people to interact, network, and make connections in the job market.

Mrs. Angela Kirabwire, Capital Markets Authority Uganda, took to the stage and put the theme of…

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Proud, but never satisfied

How do you respond to the victories and failures that come along the journey of your life? Are you proud of your accomplishments? And, is it possible to be proud yet remain humble?…

Cristian Mihai

“Be humble for you are made of earth. Be noble for you are made of stars.”

Serbian Proverb

Proud, but never satisfied. One of those phrases that sound so smart. One of those phrases that get thrown around so much that they have become cliche. It is easy to dismiss such a phrase as nonsense.

But the unarguable truth about cliches is that they’re true. So, so true.

Proud, but never satisfied.

Proud? Why?

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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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