How mother stabbed own five kids, killed two
One of the family’s close friends intimated to Police detectives that recently, Namayo had learnt that her husband was cohabiting with another woman, and when she asked him about the matter, he reportedly conceded, allegedly sparking a bitter row between the couple. It was after that Namayo allegedly stabbed two of her own children to death, inflicting severe injuries on three others, who were rushed to Nsambya Hospital in critical condition.
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We reserve the best chairs for them at weddings, give them the pulpit to motivate the church, and celebrate them online as ultimate success stories. Yet behind the glossy image of most of Kampala's wealthy men is a disturbing truth.
You are crammed in a taxi on Jinja Road at rush hour, and beside you glides a black Land Cruiser V8. Do not envy it. Many of those cars are owned by banks, fitted with trackers. The man inside may be sweating under the air conditioner, fuel light blinking, seats technically belonging to Equity Bank, with a recovery agent trailing him on a boda.
In this city, maintaining status is a full-time job of hiding debt. Look inside elite clubs. Many men sipping single malt are deep in the red, ticking toward collapse. Buildings across Kampala survive on a final court order. Once the patron falls, the whole structure crumbles. Many V8s in jam have empty tanks because the owner used his last money to bribe a bailiff to avoid impounding.
Consider the ex-MP who owned every spot in Ntinda. While in office, cash poured funding car washes and keeping a girlfriend in a furnished flat in Naalya with a new Hyundai. Then the ballot box at 5pm took the title away. Now his wallet is dead, his fuel station credit blocked over bounced cheques, and his lover wakes to an empty fridge, rent arrears, and only Umeme notifications. The humble campus boyfriend she rejected for lacking ambition has built rentals in Kira, married a peaceful woman, and sleeps soundly.
In the mansions of Muyenga and Buziga, homes feel like prisons. On a three-million shilling imported mattress, husband and wife lie back-to-back, clutching separate pillows. Outside, the guard snores peacefully on a thin, flattened foam mattress and will father six healthy children while the tycoon on his orthopedic bed battles blood pressure and visits fertility clinics.
When the banks finally take over, children raised in tinted cars are dumped into a harsh reality they were never prepared for.
We sacrifice our youth for image, only to earn money when our bodies are broken. The old tycoon can buy a resort, but his knees are gone and his diet is water and half a slice of bread.
At his funeral, ministers in sharp suits give dramatic speeches under big tents while cows roast. But the veiled widow in front is panicking she doesn't know which accounts will be frozen on Monday or which titles are fake. Families rush to State House to beg protection from auctioneers. Banks don't wait for burial; they advertise the mansion in Saturday papers before the grave dries, sometimes while the owner is still on oxygen.
Meanwhile, the boda rider balancing beer crates in the rain, debt-free and laughing at TikTok, sleeps better.
✍🏼 Deox T
A young man named Simon Kato says he in 2015 lent a woman Shs4.8m. When he later asked her to repay it, she invited him to her house to collect the money.
When he arrived, she asked him to wait while she went to fetch it from her bedroom. She returned with her clothes torn, her breasts exposed, and raised an alarm, screaming that he had tried to kill her.
Simon was arrested, charged with attempted murder, and remanded. Witnesses were staged against him. He was tried, convicted and sentenced to 15 years in prison.
He served 10 years and 6 months in Nakasongola Prison. When he was finally released, he found that both his parents had died, his family’s former home in Lubigi had been demolished by NEMA, and the woman who had falsely accused him had sold her property and disappeared.
Uganda is a deeply wicked society, from ordinary individuals to institutions.
How do people live with themselves after this kind of cruelty? How do they sleep at night?
Obubinja obuteega bannauganda abatambulira ku boda boda, naddala mu budde obwekiro, oba nga bwakakya, bweyongera buli olukya mu ggwanga.
@Mrssebugwawo#NBSAmasengejje#NBSUpdates
BORROW 5M, PAY BACK18M: THE LOAN TRAP IN KAMPALA
A colleague came to my office last week. She needed help reading her loan papers.
A money lender offered her "a quick loan of 6 Million shillings at 28%".
She assumed 28% total for 24 months. Simple. Fair.
She was wrong.
Here is what the contract actually said:
What she signed for: 6,000,000/=
What she received: 5,000,000/=
They deducted 1,000,000/= upfront and called it "fees".
Monthly repayment: 599,350/=
599,350 x 24 months = 14,384,400/=
Tracking and admin fee: 150,000/= per month
150,000 x 24 months = 3,600,000/=
TOTAL SHE WILL PAY IN 24 MONTHS: 17,984,400/=
For money she actually used: 5,000,000/=
That is not 28%.
That is 28% per month, charged every month for 2 years.
In other words, she will pay back almost 4 times what she took home.
Most people don’t fail because they are careless. They fail because the terms are designed so you won’t do the math. No one reads the fine print when rent is due tomorrow.
Please. Before you sign:
1. Ask "Is this 28% per year or per month?"
2. Ask "What will I receive in hand vs what am I signing for?"
3. Add up all fees + installments x months. That is your real cost.
4. Walk away if they rush you or say "don’t worry, just sign".
Debt should help you, not own you.
For context: how cheap is "cheap money" in the Western world?
To show how different it can be:
United States and Europe: A personal bank loan or credit union loan for someone with decent credit is usually 6% to 12% APR per year. A mortgage is often 5% to 7% per year.
Example: Borrow $10,000 at 8% APR for 2 years.
You pay back about $11,060 total. That is $1,060 in interest.
In my colleague’s case, borrowing the equivalent of about $1,350 and paying back about $4,850 in 2 years.
The difference is regulation, competition, and credit reporting. Banks there lend at annual rates, not monthly flat rates, and they are required by law to disclose the true APR so you can compare.
We don’t have that same protection here, so we have to protect each other.
Lately more informed people are getting employed than unexposed ones. The world is radically changing to new normal.
Most apartments are locked and youth just move out to go and spend. House is now money making spot.
@lulanzeashirafu No wonder @realDonaldTrump said Africa is a shitty continent.
A whole convoy in one of the poorest country in Africa yet it got resources
@MarkMwesiga@AAgather And you come to Africa.fellow Black Africans treat you the same, even worse. I wish Africans knew the marginalization, racism, and segregation on a black person in a white man's country.