How exchange rates affect business and how we secretly lose money.
So just last week a friend borrowed some money from me but this was a a friend from Kenya. So this person wanted KSHS 2,500 from me so I converted from UGX because that's what I had which came up to around UGX 80,000. Now here is where the drama comes in, at the time of paying me back. This person religiously sends me the kshs 2,500 they borrowed, and I transferred it back to UGX but I received UGX 67,500 on my phone.
Imagine how ironic that is for just a simple and plain transaction I lost a whole UGX 12,500 😂 exchange rates suck. That money just disappeared just like that I wonder who earned it.
Was it the telecom companies?
Was it the government? I don't even know all I know I lost it through exchange rate madness. And btw that 12,500 doesn't even have transaction charges or taxes just exchange rate nonsense
Did you know that despite his popularity in the Democratic Party, Zohran Mamdani can never run for President of the United States? Neither could the legendary Henry Kissinger, one of the most influential figures in American foreign policy.
The reason is simple: neither was a natural-born citizen of the United States.
In other words, countries place restrictions on who can occupy certain high offices, not because they dislike immigrants or dual nationals, but because they consider those offices uniquely tied to questions of sovereignty, allegiance, and national security.
Most arguments being advanced in defence of Prof. Muganga's nomination miss this critical point, albeit deliberately, and choose to ride the tribal horse. They know (or ought to know) very well that this is not merely a political debate. It is a legal question, and one grounded in constitutional principles that Uganda deliberately adopted after extensive national reflection. (Read CA debates).
Indeed, Uganda’s constitution provides for dual citizenship (but have you wondered why it took almost 20 years to realise it?). Article 15 permits Ugandans to retain citizenship of another country. However, Article 15(7) specifically empowers Parliament to prescribe offices that can’t be held by dual citizens. Parliament subsequently did exactly that, listing among the restricted offices the President, Vice President, Prime Minister, and Cabinet Ministers.
Certain positions at the apex of state power require undivided legal allegiance to the country. This is not unique to Uganda. Many countries impose restrictions in one form or another. Imagine having a minister who swore an oath of allegiance to a different/another country. What happens when the time to stand by that oath comes?
Those attempting to turn this into a tribal contest are avoiding the real issue. The question before us is not whether Prof. Muganga is accomplished, intelligent, or capable. It is whether he met the constitutional and statutory requirements for appointment to the office for which he had been nominated.
And lastly, what NUP is saying to Prof Muganga and others who were illegally passed today is that it’s not enough to write a letter stating that you renounce a certain country’s citizenship, the process has to be complete, there has to be evidence of acknowledgment or grant of renunciation from that country, the same way you don’t write a letter asking for citizenship and automatically become a citizen of country, there has to be evidence that you have been granted that citizenship.
Let banyarwanda be please. They earned their places wherever they are. They trekked from there ancestral lands came to buganda as nomadic pastoralists settled in buganda as squatters and worked for yo great grandparents while their children looked on. Your own great grandparents later gave them land to settle, intermarried and even gave them kiganda names that they later passed on to their children. So cut the crap. They are here to stay and they are Ugandans. Go and argue with your ancestors!!
So a Rwandese called me a tribalist for rejecting Dr. Muganga's appointment as a minister now I know what south Africans feels man 😂😂seeing someone prosper in your home country as you languish in poverty annoys the soul
Nuh. The great General Museveni knows how to deal with these f@@ls they can't bring their M23 nonsense to Uganda. Unless they wait until general is no longer around
Mr. Frank Gashumba is threatening to start an M23 war in Uganda because Muganga Lawrence was denied the Ministry of Internal Affairs. He’s probably revealing their secrets out of anger. It shows they’ve had this plan to overthrow the Gov’t all along.
@PoliceUg@mkainerugaba 👇
Oyo Dr. Muganga project ya Mr. Frank gashumba I feel it but I have no evidence why was he celebrating weeks before cabinet announcement? And why is he running to radio and TV to defend him?
Oyo Dr. Muganga project ya Mr. Frank gashumba I feel it but I have no evidence why was he celebrating weeks before cabinet announcement? And why is he running to radio and TV to defend him?
Apparently you can’t withdraw more than Ugx 50m from your personal account in a day! Yet here my dream was if I ever earn/hit a billion, to withdraw it. Take it home and see how it feels 😀😀. BOU munkoze bubi!