This week, I’m pressing record on something I’ve wanted to build for a long time. A YouTube channel where I turn difficult topics into lessons students can actually enjoy and understand.
No hype. Just me, my knowledge, and a camera.
Day 1 starts tomorrow or next.
If you see this journey, support it. Let’s see how far we can take it.
Hello Doctors on X, my brother has developed this skin rash🥹. Could this be ringworm, or could it be a sign of HIV? Please help us understand what it might be. 🙏🏾
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A new trading competition is live on @xomarket
It’s called Pulse PnL Panache (PPP), and it gives traders two weeks to compete on BTC 5-minute Up/Down markets.
Here’s what you need to know
I was in Kigali last week and I will tell you for free that their taxi game is miles ahead of ours.
Yego, their version of Uber, says over 800 cars on its platform are less than 5 years old. Most are electric or hybrid. The likes of BYD, Geely, even the new Toyota bZ3X.
Imagine getting into a taxi with cold AC, no rattling sounds and nothing smelling like the last 10 people who sat in it.
Now think about the last special hire you took in Kampala here. Most likely a 20-year-old Vitz, Wish or a Premio with a cracked, dusty dashboard and no AC. Then the driver asks for a ka extra 10k because the trip is longer than he expected.
Why are we still driving around in such old cars?
I don't think Ugandans are just attached to old cars. Rwanda has made it easier to bring in and own newer ones.
In 2020, Rwanda imported just 19 electric cars. By 2024, that number was over 200, plus more than 3,700 hybrids in one year. They also have banks offering loans specifically for electric cars and fully electric vehicles have benefited from import duty and VAT exemptions.
Uganda removed import duty on electric cars too, but only 17 fully electric cars came in that year. Then our beloved @URAuganda changed its mind and the 25% duty came back.
I've said before that buying an electric car can be painful when it's time to sell it. You and I might worry about losing money on resale.
A taxi driver has a different problem to solve. If that car is doing 300km every day, the fuel savings could make a huge difference to the business. Of course, the purchase price, charging costs and battery life still matter.
So why aren't we seeing more of this in Kampala?
I doubt the drivers would complain about spending less on fuel. Passengers certainly wouldn't complain about getting into cleaner, newer cars.
We need to make it easier for people to buy and run these cars. Kigali seems to have figured out something we haven't.
Anyway, when did you last take a special hire in Kampala? Was it actually in good condition or did you just accept your fate?
Professor Obiora Okonkwo, Chairman and CEO, of United Nigeria Airlines attended the Pinnacle Club event... some people gave 100 Million Naira .... but when it got to his turn, he said something every business person should learn. He said "I've looked around the room and I can see the banks we are owing so I whispered the amount we will give to the organisers." He announced AIR TICKETS as giveaways.
That's a BUSINESS SCHOOL.
That's the difference between a wealthy business person and a rich hustler.
If you are OWING INVESTORS, LENDERS OR EVEN OWING THE TAX MAN, do not announce big amounts in charity. It places you at a higher level over your contemporaries in the financial world...
The people who control the financial sector avoid SOCIAL DISPLAY OF PHILANTHROPY. Even when they give, they do so through ESTABLISHED PHILANTHROPIC SYSTEMS.