🚨 Éderson has agreed personal terms with Manchester United and paused all talks wirh other clubs since last week.
Atalanta and Man United have been in talks over €45m package deal for weeks. 🇧🇷
It’s up to Man United whether they want to proceed with the deal or not, and when.
🚨🔴 Matthijs de Ligt to Manchester United, here we go! Bayern accept Man United condition to include add-ons.
€45m fixed fee, €5m add-ons and also payment spread over three years.
Matthijs to sign five year deal plus one year option… as soon as authorized to travel.
Long post.
The Economic Transformation of Busoga During the Pre-Colonial and Colonial Eras
During the pre-colonial era, the people of Busoga faced significant challenges that reshaped their social and economic landscape. Traditional lands were abandoned, and established state structures vanished as clans and chiefdoms were devastated by famine and epidemics.
This led to a wave of migration, with people bringing the traditions and cultures of other lands to Busoga. In search of security, many settled in urban and peri-urban areas such as Jinja, Iganga, Kamuli, Kaliro, and Bugiri, spurring population growth.
From the 1920s to the 1970s, Jinja, the capital of Busoga, rose to economic prominence. This transformation was driven by the thriving cotton industry, the completion of the Uganda Railway, and the construction of the Owen Falls Dam. Jinja evolved into an agri-industrial hub, with factories, cottage industries, and well-developed infrastructure attracting a diverse workforce from rural Busoga and beyond, including Asian families. This influx of people necessitated improvements in services such as piped water, electricity, roads, hospitals, and schools.
Farmers in the region benefited from assured markets in the growing towns, encouraging them to cultivate both cash and food crops like cotton, coffee, bananas, potatoes, cassava, fruits, and vegetables. This shift from subsistence farming to economic production elevated the standard of living and boosted the kingdom's revenue, facilitating further infrastructural development.
By the time Uganda gained independence in 1962, Busoga had become one of the most prosperous regions in the country. Jinja was a powerhouse, hosting 70 percent of Uganda's industries and the Nalubaale Power Station (Owen Falls Dam), which supplied electricity to Uganda, Kenya, and Tanzania. The town was also home to a significant Asian population, whose entrepreneurial spirit helped establish Jinja as one of East Africa's leading commercial centers.
This historical evolution underscores the resilience and adaptability of the people of Busoga, who transformed their region into an economic stronghold through strategic migration, agricultural innovation, and industrial growth
📸 courtesy
#tribe56
🚨🔴 EXCLUSIVE: Joshua Zirkzee to Manchester United, here we go!
Man United will NOT trigger the clause but pay slightly above €40m with better payment terms, in three years.
Zirkzee signs until June 2029 with option for further season.
First signing of INEOS new era. 🇳🇱
Myofascial Pain Syndrome (MPS):
a chronic pain,in which pressure on sensitive points in muscles (trigger points) causes muscle pain & sometimes in seemingly unrelated body parts. In fibromyalgia,in contrast to MPS,pain is not just in particular areas & NOT include trigger points.
⚪️🏆 Real Madrid win La Liga for the 36th time in their history!
Fantastic season by Carlo Ancelotti’s team with Champions League semi final to follow on Wednesday.
The rich are underserved in East Africa. Yes, I said it!
There are around 15,000-dollar millionaires in East Africa. Those include the very rich (i.e. Sudhir) and I suspect this number excludes all the folks who have perfected the art of hiding their money. Our Kikuubo entrepreneurs are good at this. I'd argue that we are looking at a much larger number. Add to this the aspirational rich segment between $50k and $1M and you are looking at a sizable market. Yes with $50k of wealth in Kampala or income, you can ball.
Based on Forbes, if you add up the private wealth of High-Net-Worth Individuals (the millionaires) in Kenya, Uganda, and Tanzania, you are looking at a pool of wealth of around USD 80 Billion. This number is growing fast.
Let’s be real here. Being rich in Dubai, Cape Town or New York is great. You have multiple options to spend or invest your money. We are talking of multiple high-end restaurants, mind-blowing clubs, access to international capital markets to make your money work for you and the list goes on.
Being rich in Kampala has its perks (i.e. you can pretty much outsource all of the menial tasks of your life, the nightlife has its charms and the green of some neighborhoods makes you feel like you are in Hawaii).
That being said, you have limited places to spend or invest your money as a “rich person". After you have gone through Mezo Noir on Friday, Molecule on Saturday, and spent the day at Serena on Sunday, you have pretty much capped 50% of the high-roller options. You can change your car every year but I am sure it gets old fast. Hence, you end up building rentals and traveling to Dubai…
This is not a jab at Kampala, Nairobi or Kigali. My goal is to highlight the opportunity at play here. The rich are underserved. How do we capitalize on that?
"If you solve rich people's problems, you get to charge rich people prices." - Alex Hormozi
I am sure opportunities go beyond opening high-end restaurants or bars. That’s the easy path.
Perhaps looking at the following problems could inspire you:
- Getting genuine luxury items at a fair price is hard
- Quality playgrounds and activities for kids are missing
- Service providers (plumbers, carpenters, cleaners, tailors) are a pain even for the rich
- Investing your money outside of Real Estate is limited
- Asset protection and tax optimization are at their infancy. Many rich people just dodge rather than optimize within the legal construct.
The need to go for affordability, the bottom of the pyramid, and the mass market are all valid tactics and areas of focus for some products and segments but there is more to this.
We put a lot of burden on African entrepreneurs by almost exclusively tagging funding to companies that solve deep societal problems. It's great but it does skew the parameters of success compared to other regions...
In the West, we ask our entrepreneurs to serve underserved markets well and build great companies. Full stop.
It doesn't matter if that means solutions for rich people. Have no shame and help the rich...
That's it for today.
Source: https://t.co/RrIkagKYBs
That’s it for today.
There’s barely an engineer in Uganda who writes.
Guys have spent years in academia but no book😅
Guys have spent years in the field but no book.
Why’s that the case? Could it be how we are taught?
There’s need for an Ugandan context to many topics…