Nelson Agaba

CPA|Finance & Tax Consultant|CPA Tutor. Co-Founder of Value Associate Consult|Farmer

[Rasmulan @mrrasmulan]

Patron: “We’ll also give you a 95% raise—just don’t leave!”

Employee: “Sorry, it’s too late now.”

Lesson for Leaders:
Employees don’t leave just because of money—they leave when they feel undervalued or unappreciated.

Retaining good employees isn’t just about increasing their salaries; it requires appreciation, growth opportunities, and proactive leadership.

Take good care of your best employees—before they decide to leave you.

[Dr. Kasenene @drkasenene]

My advice to young people

1. Respect your parents
2. Get married young - from 21yrs
3. Have children early - from 21 yrs
4. Have many children - 5-6+
5. Learn your mother tongue
6. Maintain your culture
7. Avoid junk food
8. Exercise regularly
9. Be grateful
10. Put God first

[Dr. Kasenene @drkasenene]

Let’s make 2025 the healthiest year ever.

Here are 12 powerful things that can transform your health—if you commit to them with deliberate effort.

1. Eat your last meal by 8.00pm. Preferably between 6.00pm and 7.00pm

Try not to eat anything after 8.00pm except water.

🧵

[FIFA World Cup @FIFAWorldCup]

🇺🇬 Denis Omedi’s goal has been nominated for the FIFA Puskas Award 2024. Voting is now open!

#TheBest

[Nelson Agaba @NellyAgaba]

@kalyango_mahir @AKasingye The statement, "Next Time try to edit your posts before you Post", is also grammatically incorrect. Be humble!

[Nelson Agaba @NellyAgaba]

@emeka_ug Happiest birthday, @emeka_ug

[Uganda Revenue Authority @URAuganda]

Exciting Career Opportunities!

URA is seeking to recruit persons with proven integrity that are innovative, professional and patriotic to join the Taxman’s family in the following fields;

Are you the one for us?

➡️Shoot your shot here: https://t.co/rGsUoSvEMR

Full details in the poster below.

#FfeBanno
#FfeBanno

[Muhumuza Livingston @LivingMuhumuza]

After successfully completing my LLB, I paid a visit to my mother in Buhweju . Since 2020, I had never returned home, and the mission was to go home and make my mother know that his son was not in Kampala joking on streets. Thanks to my parents, who have pushed me this far.

[Nelson Agaba @NellyAgaba]

@AnitaKomukama Happiest birthday, Anita. Many more returns 🙏

[Nelson Agaba @NellyAgaba]

@bbstvug BBS, this is not true and very misleading information, you only explained output VAT, where's the input? @URAuganda, please organize VAT sensitization sessions to the media.

[Kakande Alex @KakandeAlex]

Unit Trust Fund Manager Performance Review.

Just published, enjoy this lengthy assessment of the Unit Trust Performances in Uganda.

Direct to your email.

[Nelson Agaba @NellyAgaba]

@KakandeAlex The return quoted say 11% is annual but accrues daily depending on the performance, 11%/365 days gives you the daily rate. The return for public holidays and weekends is summed up and indicated together with that of the next working day.

[Nelson Agaba @NellyAgaba]

Here's to wish you a new year filled with Value in all aspects. To a fruitful year ahead🥂

[Nelson Agaba @NellyAgaba]

Here's to wish you a new year filled with Value in all aspects. To a fruitful year ahead🥂

[Value Associate Consult @ConsultValue]

File your income tax returns and make payments before the due date. @ConsultValue is here to support your tax compliance journey.

[Kakande Alex @KakandeAlex]

From 34 billion sale to 1.6 Trillion Company.: The Meteoric Rise of Stanbic Bank Uganda

No wonder President Museveni Regrets the selling of Uganda Commercial Bank 22 years ago for just 34 Billion. The powerful story of Stanbic Bank Uganda transformation.

The journey of the @stanbicug came to life when the Ugandan government made a move to sell the then “Uganda Commercial Bank” to a prominent South African Bank for a seemingly modest sum of UGX 34 billion in 2001 (UGX 434 billion in today’s money). This exchange now appears minuscule compared to the trillions of Shillings it generates today, and the government, having not retained a single share, remains bereft of its share in it, wondering who advised them on this deal.

Embracing its transformation from a national bank into a systematically essential financial pillar, Stanbic Bank has victoriously written its story of success over the years. Its growth story sees an income exceeding a trillion in level and a yearly profit surge of over UGX 300 billion. Given its sizeable market presence, it contributes significantly to shareholder value thanks to outstanding leadership witnessed from Ugandan captains steering its helm with great determination and focus.

Take for instance Anne Jjuko, who has been at the forefront since 2020, after succeeding Patrick Meheirwe. She, in her very first three years, catapulted the company's Market Cap from UGX 1.3 trillion at the initial part of 2020 to an impressive UGX 1.6 trillion by the end of November 2023.

One cannot underestimate the rise of Stanbic Bank Uganda into an indomitable powerhouse. Within just a 15-year span, it multiplied its total revenue over 364 times! In 2008, the bank made a total revenue of around UGX 223 Billion. Fast forward to 2022, the figure hit an astonishing UGX 1 trillion, projecting the revenue to surpass UGX 1.2 trillion in 2023 alone – a proclamation of the invincibility of the bank's efficiency. No other Bank is coming close.

What can I say?, Stanbic Bank is akin to a perpetual money-making machine. Over the past six years, it has consistently amassed profits averaging more than UGX 250 billion after taxes. Taking 2022 alone as an example, the bank generated an astounding UGX 357 billion in profits. This level of financial triumph isn't just a one-off event. They aim to replicate, if not surpass, this success in 2023. The continuous value generation of this magnitude makes Stanbic Bank a stalwart force that powerfully impacts the Uganda Securities Exchange and makes a desired stock for every investor on the Stock Market.

When it comes to pleasing shareholders, the tale of Stanbic Bank is inspiring. It has paid dividends in 13 out of the last 15 years, with 2022 seeing a dividend payment of over 184 billion UGX (3.6 UGX per share), which is a remarkable feat. Its retained earnings of over UGX 1.5 trillion crowns it as a leading player on the Uganda Stock Market.

Stanbic Bank doesn't merely excel at generating profits, it has shown an eminent proficiency in creating substantial wealth for its shareholders. One key indicator of this is the surge in Earnings Per Share (EPS). The EPS, which reflects the portion of a company's profit allocated to each share of common stock, has catapulted from a humble UGX 1.53 in 2008 to a staggering UGX 6.98 in 2022.

This remarkable increase in the EPS bears testimony not only to the bank's profitability but also renders each stock more valuable, thereby rewarding shareholders. The EPS is a critical metric for investors as it provides direct insight into the profitability of an organisation and can significantly influence their investment decisions.

Furthermore, the bank's Return on Equity (ROE) in 2022 was an impressive 21.6%, marking an upsurge of more than 100 basis points from the previous year. This is yet another critical financial indicator that measures the ability of a company to generate profits from its shareholders' equity investments, thus highlighting Stanbic Bank's potent capacity to deliver superior returns and value to its investors.

The transformation of Stanbic Bank into a mega cash cow is a testament to prudence and strategic planning and a true loss to the Ugandan Government and it’s old advisors. It has now become the jewel in the crown for its investors and a dream investment for potential investors desiring a slice of this prosperous entity. Interested to learn further about this successful turnaround? Stay tuned for Part-2!

[Joel JAFFER Aita @aitajoel]

11 THINGS YOU SHOULD DO IN YOUR 20s AND EARLY 30s SO THAT YOU ARE NOT ANGRY WITH RICH PEOPLE IN YOUR 40s!!

1. FOCUS ON EARNING
“In today’s economic environment you cannot save your way to millionaire status,” writes Grant Cardone, who went from broke and in debt at 21 to self-made millionaire by 30. “The first step is to focus on increasing your income in increments and repeating that.

2. DEVELOP MULTIPLE STREAMS OF INCOME
One way to earn more is to increase your streams of income. In author Thomas C. Corley’s five-year study of self-made millionaires he found that many of them develop multiple streams of income: 65% had three streams, 45% had four streams, and 29% had five or more streams.
These additional streams include real-estate rentals, stock market investments, and part-ownership in a side business.
“Three streams of income seems to be the magic number for the self-made millionaires in my Rich Habits study, but the more income streams you can create in life, the more secure will your financial house be,” he writes.

3. SAVE TO INVEST, DON'T SAVE TO SAVE
Writes Cardone:
“The only reason to save money is to invest it. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.”
Investing is not as complicated or daunting as we make it out to be.

Treasury Bills and Bonds, Unit Trusts etc are some good areas to put your money away.

The key to consistently setting aside money is to make it automatic. That way, you’ll never even see the money you’re contributing and you’ll learn to live without it.

4. BE DECISIVE
“Avoid decision fatigue,” writes Tucker Hughes, who became a millionaire by 22. “Attention is a finite daily resource and can be a bottleneck on productivity. No matter the mental stamina developed over time, there is always going to be a threshold where you break down and your remaining efforts for the day become sub-optimal.

“Conserve your mental power by making easily reversible decisions as quickly as possible and aggressively planning recurring actions so you can execute simple tasks on autopilot. I know what I am wearing to work and eating for breakfast each day next week. Do you?”

Hughes isn’t the only one who believes in developing decisiveness. After studying over 500 millionaires, journalist and author Napoleon Hill found that they all shared this quality.
“Analysis of several hundred people who had accumulated fortunes well beyond the million dollar mark disclosed the fact that every one of them had the habit of reaching decisions promptly,” Hill wrote in his 1937 personal-finance classic “Think and Grow Rich.”

5. DON'T SHOW OFF - SHOW UP
“I didn’t buy my first luxury watch or luxury car until my businesses and investments were producing multiple secure flows of income,” writes Cardone. “I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy.”
Need inspiration to save more and spend less? Read up on tips and strategies from regular people who saved enough of their incomes to retire before 40.

6. CHANGE YOUR MINDSET ABOUT MONEY
“Getting rich begins with the way you think and what you believe about making money,” self-made millionaire Steve Siebold explains.

At the end of the day, “The secret has always been the same: thinking,” he emphasizes. While the masses believe becoming wealthy is out of their control, rich people know that making money is really an inside job.”

7. INVEST IN YOURSELF
“The safest investment I’ve ever made is in my future,” writes Hughes. “Read at least 30 minutes a day, listen to relevant podcasts while driving and seek out mentors vigorously. You don’t just need to be a master in your field, you need to be a well-rounded genius capable of talking about any subject whether it is financial, political or sports related. Consume knowledge like air and put your pursuit of learning above all else.”

Many modern-day successful and wealthy people are voracious readers. Take Warren Buffett, for example, who estimates that 80% of his working day is dedicated to reading.

8. DITCH THE STEADY PAYCHECK
Rich people are typically self-employed and determine the size of their own paycheck, Siebold writes: “It’s not that there aren’t world-class performers who punch a time clock for a paycheck, but for most this is the slowest path to prosperity, promoted as the safest. The great ones know self-employment is the fastest road to wealth.”

While the world-class continue starting businesses and building fortunes, average people settle for steady paychecks and miss out on the opportunity to accumulate great wealth.
“The masses almost guarantee themselves a life of financial mediocrity by staying in a job with a modest salary and yearly pay raises,” Siebold says.

9. SET GOALS AND VISUALIZE ACHIEVING THEM
If you want to make more money, you have to have a clear goal and then a specific plan for how to achieve that goal. Money won’t just appear — you have to work at it.

Rich people choose to commit to attaining wealth. It takes focus, courage, knowledge, and a lot of effort, self-made millionaire T. Harv Eker emphasizes, and it’s possible if you have precise goals and a clear vision: “The number one reason most people don’t get what they want is that they don’t know what they want. Rich people are totally clear that they want wealth.”

10. START HANGING WITH PEOPLE YOU ADMIRE
Andrew Carnegie, who started with nothing before becoming the richest man in the US, credits all of his riches to one principle: the Master Mind.

The idea is to surround yourself with talented people who share your vision, because the alignment of several smart and creative minds is exponentially more powerful than just one.

Plus, we become like the people we associate with, which is why the rich tend to associate with others who are rich.

“In most cases, your net worth mirrors the level of your closest friends,” explains Siebold. “Exposure to people who are more successful than you are has the potential to expand your thinking and catapult your income. The reality is, millionaires think differently from the middle class about money, and there’s much to be gained by being in their presence.”

11. SHOOT FOR 1 BILLION DEAL NOT 10 MILLION DEAL
“The single biggest financial mistake I’ve made was not thinking big enough,” writes Cardone. “I encourage you to go for more than a billion. There is no shortage of money on this planet, only a shortage of people thinking big enough.”

[ICPAU @ICPAU1]

The 2024 Examinations Calendar📅❕❕

#ICPAUExams

[Livingstone Mukasa @MukasaMulya]

7 investing mistakes to avoid.

1. Relying on debt.
Just because you can access a bank loan or a top-up does not mean you should take it. If you can't put up 30% of your money, don't borrow to invest.

2. Buying Rumors.
If you don’t have sufficient information and sound reliable numbers do not put in your money.

3. Timing the  the market.
Markets globally have embarrassed many for ages. Even our little produce markets in Uganda burns people’s fingers regularly. The best thing to do is to invest for long term and ride the ups and the downs.

4. Overestimating your abilities and potential.
Just understand who you are what you want and where you want to go.

5. Not having money to invest.
You have to have money for you to make money. Start by saving a part of your income regularly so you can join the investors' table.

6. Missing the big picture.
Learn to make educated guesses (also called bets). if you don’t have the big picture, you be clueless as an investor.

7. Thinking the market will move one way.
Just as you gladly accept gains when they come, prepare to accept losses if they appear. And this does not make you less of an investor. You may suffer loss but don't miss the lesson . Take a deep breath and look for  your next investing  opportunity to try again.

[CPA Derick Nkajja @ICPAUCEO]

Tips that go unsaid and yet very vital once you get to the examinations room.
Follow them and you will notice the difference.