Faith and business are not opposites. In this address to the Richfaith Finance Seminar I explain how an entrepreneur combines what God put inside him with the season outside him, why our milk plant gave its margin back to farmers, and why I worry less about artificial intelligence and more about authentic intelligence. Attention is a currency.
Know this and find peace! There are some supervisors who behave like shareholders, leading by terror, intrigue and selfishness, forgetting the exit is open for all, no matter your rank, and the former "subordinates" might become your new business partners, customers, even your bosses on exit of one entity! @hudson_mugweri@regesa@martinodongo85@hmuzira
The defending Jico League Gala Shield champions, @Lxg04, return to action this Saturday as they lock horns with Nvuyo FC on Match Day 5.
Expect a thrilling contest packed with quality football, intensity, and moments of brilliance. โฝ๐ฅ
#JicoLeague
@FabrizioRomano@Dan_Sheldon_ the host nation legally promises @FIFAcom they will let all qualified teams play, but still make it incredibly difficult for that country's fans,players technical staff, journalists to get visas and enter the country,. 2026 @FIFAWorldCup is officially a meme
Ugandaโs record-breaking Shs 84.39 trillion budget for FY 2026/27, read today by Finance Minister Hon. Henry Musasizi, focuses heavily on pushing the country out of Least Developed Country (LDC) status through a theme of โFull Monetization of the Economyโ.
While the budget includes major funds for wealth-creation programs and social sectors, the common Ugandan will face tight economic realities due to an aggressive domestic tax collection target and massive debt-servicing obligations.
Key Budget Highlights (FY 2026/27):
1. Total Resource Envelope: A historic Shs 84.39 trillion, marking a significant increase from previous years.
2. Economic Growth Target: GDP growth is ambitiously projected to reach 10.4%, expanding the economy to an estimated $80.8 billion.
3. The Debt Burden: Over Shs 33.2 trillion (nearly 40% of the entire budget) is strictly swallowed up by debt servicing and statutory obligations.
4. Domestic Financing: The Uganda Revenue Authority (URA) is tasked with collecting Shs 44.5 trillion, requiring an extra Shs 7.3 trillion expansion from the populace.
5. Oil Cash Inflow: For the first time, Uganda is incorporating Shs 1.44 trillion in direct petroleum revenues into the budget framework.
Major Sector Allocations:
1. Security & Governance: Shs 10.21 trillion.
2. Transport & Infrastructure: Shs 8.79 trillion (prioritizing the Standard Gauge Railway and oil pipelines).
3. Education & Sports: Shs 6.66 trillion (partially upgrading stadiums for AFCON 2027).
4. Health Sector: Shs 5.23 trillion.
5. Digital Growth: Shs 1.14 trillion.
Impact on the Life of a Common Ugandan:
The Positive Impacts (Opportunities):
1. Access to 'Soft' Capital: The government continues to pump trillions into wealth-creation funds like the Parish Development Model (PDM), Emyooga, and youth/women revolving funds. This gives grass-roots traders, farmers, and youths access to low-interest capital away from predatory money lenders.
2. Creatives & Artistes Boost: A specialized Shs 33 billion revolving fund has been created to support local musicians, artists, and the creative industry to turn talent into profitable jobs.
3. Stable Basics: The Ministry maintaining a tight monetary policy keeps inflation low (hovering around 3%). This protects the "wananchi" from sudden spikes in the prices of household necessities like soap, sugar, and food.
4. Infrastructure Jobs: Massive investments in sports infrastructure for AFCON 2027 and the Standard Gauge Railway mean temporal labor and service-supply jobs for local construction workers.
The Negative Impacts (Squeezes):
1. Aggressive Tax Squeeze: Since over half of the massive budget must be raised internally, the common Ugandan will feel the heavy hand of the URA through tighter tax administration, stricter electronic receipt enforcement, and adjusted excise laws.
2. Reduced Public Services: Because 40% of the money goes directly to repaying national debts, less "free money" is left over for expanding direct public service delivery. Local government clinics, public school facilities, and village roads might see slower upgrades.
3. Credit Crunch for Small Businesses: To close the funding gap, the government is borrowing heavily from the local market (Shs 11.97 trillion in domestic borrowing). This can cause commercial banks to lend to the government rather than the public, making it harder and more expensive for an ordinary shopkeeper to get a commercial bank loan. @rggoobi@mofpedU@regesa@hudson_mugweri@anderlukson@JudeBkenya@RadioOneFM90@AkabooziFm@DailyMonitor@nbstv@ntvuganda@GovUganda@henrymusasizi1@BKyakuheir40001