Are you an unemployed engineering graduate looking to build your skills and gain hands-on experience?
Look no further than the UIPE Graduate Training Program!
Apply here: https://t.co/Z6dUxibcpA
Deadline: 30th September 2024
Don’t miss out on this opportunity!
#UIPEUpdates
You and I can choose what we will do each day. We choose our thoughts, words, attitudes, and behaviors. We cannot always choose what our circumstances will be, but we can choose how we will respond to them. #JoyceQuote
From hiking to running, Julius Wejuli has risen to the challenge and is prepared to push his limits in his first 50km race at The Great Escarpment Ultra Run 2024 in Hoima this 27th July 2024
You’ve got this! 💪🏾
@ActivateUgandaL@julwej
Meet Jessica Namuli, the first child rescued and taken into the @watoto family in 1994. Found at 18 months, Jessica has grown into a strong woman!
#CommunityCare#Watoto40
My name is Raymond Kisekka, I was born on 25th December. Unfortunately, the circumstances around my birth were not pleasant. Shortly after my mom gave birth to me, she wrapped me in a cloth and dumped me in a rubbish pit.
The next morning a care taker found me, and rushed to the authorities for help.
By the grace of God, I was rescued by Watoto and given a new life. I found a new family with a loving and caring mother and siblings.
Above all, I was introduced to the saving knowledge of our Lord, Jesus Christ in whom I found my identity and my purpose in life.
1 Samuel 2:8 says, “He raises the poor from the dust and lifts the needy from the ash heap; he seats them with princes and makes them inherit a throne of honor.
This is exactly what God has done in my life.
Right now, I boldly stand to testify of the good things that God has done. I’m currently completing my National Certificate in Information Technology at Hope Vocational Technical institute (HTVI) where I lead the students body as the Guild President. I also serve as a worship leader at Watoto Church.
I’m grateful for Watoto and my sponsors who have supported me from when I was a baby to date. I know that my best days are ahead of me.
Join us as we celebrate 30 years of Watoto ChildCare Ministries on Fri 21 June, 6pm at Watoto Church Downtown.
The Power of compounding. A Ugx 300K investment path to Ugx 700 Million Nest.
Many of you have asked to compute and show you the path of investment in the Treasury bonds using small amounts like UGX 300K. In this article I show you the incredible power of compounding and staying true to an investment goal for the longest time post.
If you're 25 years old, with the ability to save UGX 300K per month, investing in bonds and committing to this investment for a year could yield great results. This commitment would result in a total investment of UGX 3.6 million in principal. Within the first year, you are expected to earn a minimum of UGX 270K in coupon income.
Yield of the 10-year bond for the last 5 years consistently being above 14% and projected to remain so in the next 10 years. (For the past 10 years, The 10 year bonds have offered coupon rates above 14% and it’s anticipated to continue to be the same for the next 10 years, so this has factored into the projections)
For a Young person, time is your greatest asset to Maximize Investment compounding. Play the Long-term game. So, invest like you will need that Money 20- 30 Years from now, invest like you are investing for your Grand kids.
Furthermore, if you're younger, you still have a substantial amount of time left to make such investments. My advice would be to invest primarily in long-term bonds lasting 10 years or more, offering high coupon rates and only charging 10% Withholding Tax (WHT). (Bonds of 10 years plus offer the highest coupons and charge the lowest tax, thus giving you an opportunity to maximize return. a 14.375% 10 Year bond has 10% tax thus giving u an annual yield of around 12.9%. a 15 year Bond with 16% coupon at 10% tax gives you 14.4% net return)
Alternatively, if you desire more accessible funds (Liquidity and emergency Investment goals), invest in a Unit Trust like the Old Mutual Investment Group Umbrella Trust fund. For the past decade, this fund has yielded an average return to it’s investors of about 11% per annum.
If you dedicated yourself to investing that 300K monthly in the Old Mutual Umbrella Fund, you'd have invested a total of UGX 3.6 million by the first year and would have earned a total of UGX 211K in that same year.
UAP Umbrella Trust Fund has consistently provided an average of 11% since inception.
Assuming you begin your investment journey on your 25th birthday, by the time you're 26, you'll have UGX 3.87 million in the Bond or UGX 3.81 million in a Unit trust.
To build a robust portfolio in treasury bonds, reinvest all the coupon payouts. Likewise, in a Unit trust, avoid withdrawing the funds prematurely. Continuing this investment habit, by your 27th birthday, you'll have UGX 8.2 million in bonds and UGX 8 million in your Old Mutual Umbrella Fund account.
The choice between bonds and Unit Trusts often boils down to your liquidity needs. If liquidity is a critical factor for you, Unit trusts are a superior choice, as you can access your money within 24 hours from most Unit Trust funds in Uganda. Conversely, if your main goal is to maximize returns, you'll be better served by investments in Treasury bonds as those above 10 years might even help you make as high as 14% per annum in returns.
By your 30th birthday, following five years of steady UGX 300K monthly investment, you'll have UGX 25 million in bonds or UGX 23 million in a Unit trust account. It's the starting time to think about diversification, perhaps buying your first piece of land.
Suppose you decide against withdrawing any funds and continue investing past the age of 30. By the time you reach 40, you'll see significant growth in your investment, with close to UGX 150 million in bonds and about UGX 133 million in a Unit trust account. This would bring you an income of over 1 million per month from either investment of Unit Trusts or Treasury Bonds. That’s 1 UGX Million per month in passive income.
When you hit 50, your investment portfolio would be substantial, boasting close to UGX 700 million in bonds and UGX 500 million in a Unit trust, supplemented with a monthly income of about UGX 6 million and UGX 4.5 million, respectively.
This is the power of compounding while Investing in the capital markets; a testament to the astonishing results a disciplined investment approach can yield.
Happy Investing Everyone.
Alex Kakande
Fourteen years ago today, I signed the Affordable Care Act into law.
Afterwards, one Republican member of the House called the ACA the “most dangerous piece of legislation ever passed in Congress.” Another predicted the country would “never recover from it.”
But then something else happened: it actually worked.
2024
As the year ends, my prayer for us all is that, we shall be determined to love the Creator and we don’t need to be perfect
That we shall be determined to have hearts of gratitude
That we shall be determined to be gritty, fall 10 times but still get up
Are you a parent looking for the best way to have your child enjoy their vacation?
The Vacationer coding class is the place where learning and fun meet.
Register the Candidate here: https://t.co/OzWn88a7qm.
Starting 13th Nov till 26th Jan 2024.
#CodeCamp#P7Vacationers
Let me be your personal shopper in China 🇨🇳 . If you need any product from China for personal use or for resale, send me a DM or an email to [email protected] .
My services will cost you from 50 usd.
I serve clients across East Africa.
At the Kabalega Industrial Park (KIP), we have over 8.9 square kilometers of space available for investors under Heavy Industrial, Light Industrial, Commercial, Residential, Agro, and Civic zones deliberately designed to create industrial synergies within the park.
Under Heavy Industries, the Park will accommodate:
🔻Petrochemical plants.
🔻Polymer Plants.
🔻Fertilizer Complex.
🔻Bonded Warehouse Free Trade Zone.
In the Business Park zone, the Park will accommodate:
🔻Warehouse development and distribution including Cold Chain/Cold rooms.
🔻Retail Shops, supermarkets, salons, hardware stores, general merchandise.
🔻A market square for vendors of foodstuffs.
🔻Events and Entertainment facilities, Restaurants, Hotels, motels, cinemas, Tourism marketing, Conferencing facilities, Health, and Sports centers, Banks and ATMs, ICT equipment stores, CT business outsourcing, call-center businesses, manufacturing of ICT components, etc.
The Agri-zone of the Park will accommodate agro-based industries such as packaging for export and local consumption of fruits and vegetables, milk products, meat, and fish.
The Estate area will accommodate:
🔻Health Centre IV clinics, drug stores, and Pharmacies.
🔻Primary Schools & Secondary Schools.
🔻Technology Campus Library.
🔻Low Density Housing.
🔻High Density Housing.
At full operation, the Park is expected to create 35,000 job opportunities.
What's in a name?
Biyinzika Poultry International Ltd (BPIL) is a separate & distinct entity from the troubled Biyinzika Enterprises Limited (BEL)
Local names are good for local brands but lack of distinctiveness in common words & #business names can cause public confusion #IP