This lady is requesting for money from p'ple who go to renew their National IDs. She has agents around the site,you first pay them 20K mbu to generate for you a code from @NIRA_Ug Portal, when you generate it yourself, she frustrates you&doesn't work on you till you pay.@NIRA_ED
Cedric is fighting for his life in the ICU. He needs a heart transplant to survive, and time is running out. Please consider donating or sharing to help him get this second chance. https://t.co/xthYxkikwO.
Psalm 46:1. God’s with you my friend Cedric. You’re in my prayers.
*UMEME Buyback: Why Are We Rushing to the Bankers’ Table When Ugandans Are Holding the Chequebook?*
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The government wants to re-acquire UMEME. Price tag: UGX 700 billion. Financing plan? A loan from a commercial bank. But wait—just days ago, Ugandans lined up to lend over *UGX 1 trillion* to the state in a treasury bond auction. Oversubscribed. *Voluntarily*.
*So why bypass the people?*
Commercial bank loans are like payday advances—short-term, high-interest, and unforgiving. Treasury bonds, on the other hand, are *patient capital*. Long tenors. Predictable rates. No midnight calls from the bank manager.
When government borrows from a bank, entrepreneurs get squeezed. Credit dries up. Interest rates spike. The private sector chokes. But when government issues bonds, *the people get a stake in the state*. Pension funds, insurance firms, SACCOs, even the boda guy with a savings account—they all get a piece of the action.
And let’s talk transparency. Bank loans are brokered behind curtains. Treasury bonds? Auctioned in public. Regulated by Bank of Uganda. Scrutinized by Parliament. No shadowy handshakes, no fine print in font size 5.
Also, let’s not pretend forex risk is a footnote. That bank loan is in dollars. If the shilling sneezes, the repayment figure balloons. Bonds? Denominated in Uganda Shillings. Homegrown. Immune to Wall Street’s coughs.
And here’s the kicker: every bond payment goes back to Ugandans. Interest becomes school fees, capital, rent, lunch money. It circulates within. That’s economic patriotism.
So why feed a single bank when the whole country is ready to invest?
The UMEME buyout isn’t just a transaction. It’s a test. Of vision. Of sovereignty. Of whether we believe in our people enough to let them *own the infrastructure they depend on*.
Ugandans are not just consumers of electricity. They can be co-investors in the grid.
Let me even drink more coffee.
Last night, I texted a friend to crack a joke with, he couldnt respond with the same energy, then he mentioned that he was at Cancer Ward at Mulago, with a patient not too good. I headed there, I had seen the patient slightly over a month ago and looked stable. This time the...
Rules of thumb for Wealth Creation
By Livingstone Mukasa.
If you have followed my submissions this week you realize I have been writing about wealth creation and management. I want to conclude by suggesting a few rules of thumb;
1. Time in the market beats timing the market, always! Play the long game.
2. Hoarding cash is a losing game. 10% per year is better than 0% per year (if you don’t invest and remain with cash- you may even end up consuming it).
3. The banker is not your friend. Beware of the investments they propose or deals they bring your way.
4. Have something to sell. You can't claim there is no money when you don’t have anything to sell!
5. Don’t drive or sleep in your wealth unless you are worth a couple of billions. Remember we generally exclude your house from your net worth.
6. Your Net worth is how much assets you have minus how much debts/liabilities you have. It should be growing every year.
7. In Uganda, the hardest Net worth to build is your first UGX 100M. After here, things can begin to accelerate. Focus on that 100M.
8. “Ekisa kitta n’enge etta” goes a Luganda saying. Don’t die from being so nice to others that you live nothing for yourself.
9. You have a responsibility to leave the world a better place than you found it. This includes leaving wealth to your children and not debts.
10. Don’t be guilty of not trying to be the best that you can be.
Thank you for following. Catch you next week. Enjoy your weekend.
I have not looked at Real Estate as much as @KakandeAlex or @jrkyanda but here are the questions I would ask if I were to seriously build a view on the sector. I use land and Real Estate interchangeably below.
Is land a better store of value if currency depreciates heavily? Considering the ability to charge rent and sell in USD, you have an intrinsic hedge. Does it matter if the currency collapses?
Is land a better store of value if the government defaults? UG is B rated I think so definitely a possibility.
Is the capital appreciation potential higher than bonds? Real Estate is all about scarcity and there is a shortage of houses for one of the fastest growing population in the world...At the same time long duration bonds offer interesting upside from rate compression.
Is it fair to look at prices over a 5 years cycle like a few examples you shared considering COVID, global Real Estate slowdown, etc? How far back can we look at?
Are the 19%+ bank rates here to stay? If you think those will compress and banks will finally start lending to the broader population, this is likely a massive driver of price appreciation...
Are there pockets of value where the upside story is more likely to materialise? I remember looking at plots in Forest Village Bukasa at 70M 8 years ago that just traded at 400m.
Are estates a fool's trap as you heavily depend on the speed of development of other owners?
How have comparable markets fared during corruption crackdowns? Clearly a driver people mention. How material is it beyond the anecdotal...
Uganda is the 8th biggest coffee producer globally, the 2nd biggest in Africa behind Ethiopia, and the Number 1 coffee exporter in Africa 🌍
Yet too often I attend events here in Uganda where the coffee being served is not Ugandan coffee! ☕️
PAY LESS TAXES.
How the best (Traders and Fund Managers) get away with paying less taxes, protecting their capital and creating substantial wealth.
And the exact methods for you to use (kept secret from 99% of Traders): 🧵
Collaborated with @niki_poojary