I am not an expert with PhD but my hands on experience and knowledge counts. No level of regulation will fix the bad ai attitude except education. @claudeai is failing because of naive and paranoia individual who never talk to users
Today, I have signed the following bills into law:
1. THE VALUE ADDED TAX (AMENDMENT) ACT, 2025.
2. THE STAMP DUTY (AMENDMENT) ACT, 2025.
3. THE EXCISE DUTY (AMENDMENT) (No.2) ACT, 2025.
4. THE TAX PROCEDURES CODE (AMENDMENT) ACT, 2025.
5. THE SUPPLEMENTARY APPROPRIATION ACT, 2025.
6. THE HIDES AND SKINS (EXPORT DUTY).
7. (AMENDMENT) ACT, 2025.
8. THE EXTERNAL TRADE (AMENDMENT) ACT, 2025.
9. THE APPROPRIATION ACT, 2025.
@ekiggundu@BbegMedia If I want to ride your surf I will say money laundering but I want to pretend I am native and say this is a gig she wants to earn from. It’s basically easier with her name as an insurance of money to be earned
A plan for Renters to fire Landlords while creating 1200 homes per year for themselves!
By Livingstone Mukasa
I loved two things about growing up in the slums of Katwe Kinyoro: It was close to the city center, so I could walk anywhere in the city and not have to pay for transport. Secondly, I loved looking at UCB Towers (currently Charm Towers) as I brushed my teeth in the morning. It gave me hope that someday I would escape the slum and make economic progress.
In the last five years, I have tried to propose solutions for affordable housing and investing in real estate. Some of these proposals have produced innovative solutions like Seguku Hill Apartments, while others have hardly gained any traction. Reflecting on this journey, I have concluded that my perspective has been focused on home ownership and helping people make sound real estate investments. While this is not problematic per se, it limits the proposed solutions to the top 5% of the population and does little to address housing affordability for most working Ugandans.
It’s interesting to note that cities that have made progress on affordable housing address the problem from the workers’ perspective. If you work in Kampala, it pays to stay as close to the city as possible. Hence the slums of Katanga, Kivulu, Kibuli, and Katwe Kinyoro, to mention but a few. However, home ownership will probably take you far away from the city and you possibly can't commute daily. As the country grows, we need to replace these slums with decent high-rise buildings, provide necessary utilities like water and power, and are affordable to the average Kampala worker. The problem is that the government lacks the resources to help solve this problem, and the cost of capital needed is too high for individual developers.
I recently decided to look at the problem from a renter’s point of view. The renter wants a clean property that can provide two rooms with water and power for about UGX 300,000 to UGX 500,000 per month. To build such a home would cost UGX 70 million, but with scale, it can drop as low as UGX 50 million per unit. Therefore, if scale is the key factor, what if lots of renters come together to build and own their rentals as a group? What if they could buy up chunks of land in the likes of Kivulu and Kibuli and build high-rise, high-density apartments? They would not only be the best tenants for themselves, but they would also make money as shareholders and create generational wealth in the process!
Interestingly, the team at Four One Financial Services has been building tools and technology to organize such a movement since 2016 when we built Mazima Retirement Plan. This could mean asking those that rent in Kampala to do something no one has ever asked them to do: WORK TOGETHER TO BUILD AND OWN HOMES THEY RENT. Suppose we create the Uganda Rental Owners Association (UROA) with the target of mobilizing 100,000 renters to become members. Each member may then pay a monthly contribution of a minimum of UGX 50,000 (1 Rental Credit). The rental credit can be used as advanced rent or a down payment on the rental and can be liquidated per terms and conditions. The rental credit may also earn interest from rental income once the units are occupied.
From here, the numbers would look like this: 100,000 people contributing UGX 50,000 per month would mean they would collect UGX 5 billion per month and UGX 60 billion in one year. This would be enough to build 1,200 HOMES. If we do this for 10 years, we should be able to construct more than 10,000 homes and lots of millionaires in the process. IMAGINE THAT!
This would create untold wealth in our communities, create new investors and shareholders, and improve the level of planning for our cities.
Do you think this dream is achievable? I would love to hear from you in comment below.
Contact Details: WhatsApp +256772459167 or Email: [email protected]
Don’t Build A House to Sleep in if you’re below 40.
In other words Don’t Waste 100M to Solve a 500K Problem.
When I talked about Building rentals yesterday, a lot of you were quick to throw all insults and calling me all sorts of nonsense without actually understanding where I was coming from. But for today, I want you to hear me out on this.
As a young man, why are you building a house to sleep in at 27? Or at 35? Why?????????? Renting while you build your capital is absolutely Very Okay.
Africans have prioritised sleeping and having houses as a sign of respect and prestige at the expense of financial independence. I mean you are building simply to have a place you call yours???? Honestly speaking you need to habor more reasons than just that.
I’m not saying that having a house is bad. No. A house can give you a sense of security, belonging and safety but it shouldn’t be at the expense of everything else that elevates you financially as a Man. Okay as a woman too😜😜😜😜
Below 40 years, this is your most prime time. You’re energetic, you have the time and patience to deal with a lot of things. Unless you have more than enough to build and be able to start up a business, please don’t do it.
Instead use that money to build up something that will in turn give you money to help you build your house. DO NOT BUILD YOUR HOUSE USING HARD EARNED MONEY. Use profits to buy things that you love including building a house (I got that from my friend Diana Kristensen Mpagi)
When you build a house to sleep in, YOU ARE BURYING MONEY. It never gives you back profits. NEVER. Ofcourse I know houses that we sleep in are not supposed to give us profits but what if we set up things that give us returns? Wouldn’t it be a better option?
With 100M, you can make profits not less than 3M a month if well invested and be able to pay off your rent while accumulating more money.
Even if you got a one time deal. Invest that money wisely. Don’t just burry it Mbu building a house to sleep in. Let it help you build a reputable business.
I know times are hard and one would argue and say what if the business fails. ? Well what if the house gets carried away by rains? What if it gets swept away by floods? What if they con you? What if what if🙄🙄🙄
It’s very unfortunate that our government has made young people believe that no business can thrive in Uganda just because of a few that have collapsed. Well I am here to tell you that there are not as many options available for making money as working hard and investing in businesses.
What is more important is finding the right business, working with the right people, and following the best business practices.
Some even say what if I die early? Where will I leave my kids and wife? Well what if you don’t die early? 😂😂😂😂😂😂😂😂😂😂 Don’t always look at life from the negative perspective. Have a great view of things.
I am also cognizant of the fact that it’s your money and I have absolutely nothing I can do to tell you what you do with it BUT, it hurts to see a lot of us making mistakes.
I have personally done these and that’s why I care to share with whoever cares to listen.
It’s absolutely your choice to do whatever you want and it’s my responsibility to remind you to always look at the other options.
Just for the record; I’m not a Motivational speaker so don’t use it on me lol😂😂😂😂😂😂
I have come to believe that some of the most peaceful people in the world today are those who aren’t on social media, especially the spaces filled with negativity. Their peace is even greater when they nurture a close relationship with God.
Perhaps it’s time for someone to create a social media platform dedicated to positivity, personal growth, Godly principles and life lessons, a space that actively promotes constructive dialogue. Imagine a platform equipped with AI to detect and instantly eliminate lies, misinformation, and hate speech, ensuring a safe, uplifting environment for all. My intentions of being here on Twitter were to share knowledge, experience and skills, motivate, inspire greatness but the fights, the deception, the negativity, the toxic talks, the baggage people share, the insults, the reputation damage here are not worth it. We can use our time better. So I am officially off Twitter (X) , please do not look for me from this platform. Kindly note that this has been my personal account and not any official account of any institution.
@URAuganda , it seems like your #IT team might be missing some logs. I reported a problem, and just 2 minutes later, the website went offline. Can’t you see that you might have accidentally DDoSed yourselves?
So I created a @gmail account at 10:30am @UEDCLTD switched off electricity at 10:45am. I try to login at 11:15am and @gmail says the email doesn’t exist. Tell me that Ugandan problems are isolated and I will laugh at you