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
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.
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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
Yesterday, I came across a very interesting article in the Daily Monitor Newspaper regarding peoples' spending habits. I found it related to my previous article titled "Living within our means for a better tomorrow" and was therefore prompted to share it with you this day. The phrase, "Failing to make ends meet" is common in… Continue reading Poor spending habits: A major cause of the vicious cycle of borrowing.