Son, father, husband and brother. A sinner saved by grace. May the son of David have mercy on me all the days of my life. Jeremiah 30:9 and Psalm 62: 9.
I BOUGHT GOU BONDS AND LEARNT MY LESSON (S).
Open Letter to Mr. Alex Kakande (
@KakandeAlex
)
Whereas the recipients of Paulโs letters at Corinth, Ephesus etc. may not have sent back written responses, I guess I will write on open letter to you regarding the gospel of bonds (
Random thoughts today evening as I left church. So I came to Kla in 2003 for Uni. It's now 21 years later. The 35 year old taxi tout that dropped me off in Banda is now 56 & retired, probably. The 45 year old Hall Warden who gave me a room key is now 66 & retired, may be!
1/n
Within the next 5 or 8 years alot of us will cross the 40 or 30 year mark. We must think of life beyond.Younger people will occupy spaces.They have the energy& competence. We won't be the stars forever. We all need to learn & prepare to be on the sidelines. It's coming soon. ๐ค๐๏ธ
This is what they teach in Management school. A leader must be the face of the organisation in times of crisis. You have to give it to
@UNRA_ED
for being at the frontline with
@UNRA_UG
team as they repair damaged section on the road.
@MoWT_Uganda
@MonicaAzubaNte
@Kabugo_
You & Mr Kitaka write from the deep wells of experience. I love the writing style too. In my 20s friday nights were for Jazz night at campus, Mateos then AngeNoir or silk. Today they are for Sabbath preps & heritage singers on replay. Hahaha. Life does go on. God is gracious. ๐
So yesterday I learnt something. From one of those Webinars all over the place. ๐ค. Well, If you lend Ugx 200m to your government, through a 10 year Treasury Bond at 14%, they will pay you Ugx 12.5 million as interest every six months. That is net of the 10% withholding tax. Eh!
A 2-bedroom apartment in Najera will cost you Ugx200m. For 3 bedrooms you will pay Ugx 250m. Roughly!
If you are able to make a down payment of Ugx 50m & take 15-year mortgage for the rest of the money (150m), you will need to pay Ugx 2.45m monthly to service the mortgage/loan.
Oh. And 2004 (20 years ago) if you told me that Club Silk would close shop & Ange Noir wouldn't do Campus Night, I would have called you crazy. It's like someone saying there won't be CJs in 2044!
20 years is a long time indeed. Alot happens & changes. Let's wait and see. n/n
At your job, in business, in marriage, relationship, friendships etc and the whole journey of life, may God hold your hand and lead you every step of the way. ๐๐๐
Psalms 73:23 NKJV
Nevertheless I am continually with You; You hold me by my right hand.
If you want to know how to save, plan & invest in a financially stable future, join my
#360Mentor
session on Monday with .
@AekoOngodia
, MD of XENO. Follow the Tweets at 9 am & Spaces at 7 pm on
@_360Mentor
HydroPower Projects are one of a kind. It is where you find a buffet of all engineering courses: dam engineering, hydraulics, concrete technology, electro&hydro mechanical engineering, roads and bridge engineering, earthworks etc.
@JaneRuth_Aceng
417 confirmed cases.
287 currently admitted plus the 72 recoveries, that's a total of 359.
So where are the rest ? 417 minus 359 leaves us with 58 cases unaccounted for!! Are they quaratined but not admitted? Or did some test positive and couldn't be tracked down? ๐คญ๐ค๐คญ๐คญ
My thought process on this.
1) Can Ugx 50m build a house to earn you 550K a month?
2) Probably 90% of your NSSF balance is in bonds. How diversified are you?
3) Could oil fields in Buliisa be the biggest guarantee for bonds?
4) Can real estate compound at 14% per annum?
๐
@KzytoFrancis
Yesterday evening I was listening to a guy who got his stuff auctioned many times, was once Ksh7m in debt, attempted suicide thrice BUT is now neighbours with official residence of Deputy President of Kenya. It is not over until it is over. The future is unknown to us all.
The grand mother of all traffic jam is on Jinja Road today. All the way from Lugazi to Kireka. The next 6 hours are for eating maize, scratching heads and running down phone batteries. Eh eh.
Emotooka tezitambula..๐ข๐
Did you know, Isimba Hydro Power Project is located in two villages, two sub-counties and two districts? Nampanyi Village, Nampanyi Parish, Busana Sub-County of Kayunga District and then Bugumira Village, Kisozi Sub-County of Kamuli District.
@UegclOfficial
@uetcl
@ERA_Uganda
Dorothy Kisaka (ED KCCA) inaugural speech.
๐๐
Allow me to leave you with a scripture from Judeo Christianity attributed to Jesus Christ in the book of Matthew 17:20. It is a one sentence that says:
โIf you have faith, nothing shall be impossible to youโ For God and My Country.
@rkabushenga
Pour them in matooke fingers and convert the dinner to katogo. That katogo is nice with some burnt portions. She will manage. ๐๐๐
@TheMutaD
If your funding package includes a loan from an International Lender, you may lose the loan facility. Your lenders take cultural heritage matters seriously as per IFC performance standards.
For perspective, that's bigger than Stanbic Bank's loan book at end of December 2021! And it's the bank's biggest asset. And it's the biggest bank in Uganda.
Ugx 2.45m per month is quite a tall order for your typical corporate employee or even small business owner! That's why we may to psychologically prepare our minds to a future of long term debt or strong financial discpline, and probably staying in Nakwero, Busiika & Zirobwe!
@MarkRuhindi
I once blasted a development bank on their annual financial report. The "quack analysis" was put on Facebook & on a blog. 5 yrs later i was in their board room sitting a job interview. The irony wasn't lost on me. Life is unpredictable! Now I am a coward. Hahahaha
@Hashim11
African dad kawedemu. Hehehe. I have had to tame my mind. I parent in future tense. So I see today's 10 yr- old as a 25 yr-old of 2039. So I engage like I am engaging future adults who could easily tell me to shut up in the middle of a conversation. ๐คฃ
In the back ground is the control building of the power house of Isimba (183MW) Hydro Power Project. The Rockfill embankment dam on the side is also prim and proper. ๐๐๐ช
Well, the bond Investor can use the bond as security to acquire a loan.
Eh! So the bond gets him/her the apartment in 10 years & she/he keeps both!
The big boys continue to eat the big steak ๐ฅฉ. It's indeed true what they say. Wealth always concentrates in a small club!
๐ง๐คญ
Then there is the generation of our children. Well if you are 30, your child will probably need their own place to rent in 20 or 25 years. So they will have to go through the same mortgage cycle or keep staying with you for some time in Nakwero & Zirobwe. ๐๏ธ
The Ugandan dream!๐คญ
@GraceYuhi
@Dartte_45
Hehehe. By the way, if I hadn't exited goat farming, I would probably be in Luzira for physically assaulting a farm worker. ๐๐ .
Let my brother put the 4.8m into a unit trust. He will get a 40K per month & atleast 8 hours of sleep per night. ๐ค.
@qataharraymond
@MinofHealthUG
The pandemic seems to be gathering pace. Yesterday's admitted cases were 287. Today's admitted cases are 303. That's an addition of only 16 cases. So out of 40 new cases, only 16 have been admitted. The other 24 are either quaratined or hiding or asymptomatic/stable. ๐ค๐คญ๐ค๐คญ๐ค๐คญ
So, my friends ask me why i sell Life Insurance. I would never sell something i don't believe in. And i have two reasons why I believe in Life Insurance. One is the math/numbers the other is the story line/ the logic. I will start with the math. 1/n
Folks, pray for one another. Pray for those who can't pray for themselves. Pray for folks that have lost loved ones.
Pray for folks suffering with grief.
Pray, Pray and Pray without ceasing.
๐๐
1 Thessalonians 5:17, 25 NKJV
pray without ceasing, Brethren, pray for us.
#ICanConfirm
Isimba Hydro Power Project has one of the longest Earth Rock Fill Dams in Uganda. It is 1.6Km long. That is the length of 16 football pitches, goal post to goal post. An earthrockfill dam is a structure made of earth, rocks & filters to retain water.
@UegclOfficial
I think it's you
@kasyate
that explained the law of averages. If I eat 7 slices of akaduuka bread & my wife eats 1 slice, on average each of us has eaten 4 slices of bread! ๐ง๐คญ๐
The 50 year old bank branch manager that signed my account opening forms is now 71 & surely left the bank. The 40 year old lady who run the University canteen is now 61 & probably retired. In under 20 years I am in the next generation of retirees. Eh. ๐
2/n
There is consortium/ joint venture (that won the tender) & the Special Purpose Vehicle (Bujagali Energy Limited) that eventually built & operates the plant. The consortium (that bids for the project) naturally gives birth to the SPV for project development. Not unusual. No? ๐ค
MPs probe how Bujagali company won multi-billion contract before it was even registered. The Shs 2m company, Bujagali Energy Ltd won a govt contract in 2004 yet it was registered in 2005. It even attracted a govt cash injection of $20m (about Shs 77bn)
Our Bakiga brothers have this maxim - "Rukundo Egumeho", which means Let love (kindness, patience, empathy, unity etc) abound more&more.
May there be love in our relationships, marriages, business endeavours, work places etc. ๐๐
Hebrews 13:1 KJV
Let brotherly love continue.
@qataharraymond
I saw one of them on the shareholders register in DFCU Annual Report 2023. They were indeed free market ideologues & capitalists in practice! ๐ซก
The cross that was precast at Calvary, is the best and safest structure for life's cross-overs.
Walk towards the saviour Jesus Christ and stay in grace.
๐
@KakandeAlex
@BOU_Official
Let them try
@housingfinanceU
and look for an amiable gentleman called Wilson Maiyo. He even responds to WhatsApp messages. I won't mention the bank that ignored me because I wanted to buy a bond of only Ugx 200K. Go where you are loved & treasured. ๐ฐ HFB hasn't disappointed.
@MRSMuruguu
@MwangoCapital
Pr. Elizabeth Mokoro tells a story of a reknown Professor of Economics that went through a similar situation but came out better across the valley. The College of Economics helped him. The wife had left.
The testimony is here. Pick it up from minute 11:35
Watching this Officer of
@PoliceUg
debating Gender Based Violence on
@ntvuganda
as hosted by
@anandutu
. Uuummmhh. The officer is quite articulate and all swagged up.๐๐๐
On Mr. Kabushenga, Bobi Wine and all matters retirement.
The biggest story in corporate Uganda this week is the early retirement of Mr. Kabushenga, CEO Vision Group. When I was young & "wise" I would "probe" why his early retirement didn't twitch our local bourse. ๐ค
@MwangoCapital
@BloombergAfrica
Old man of the Chiefs Clan
@cobbo3
, what is happening? Have free markets struggled to recover from the covid flue?
One day some one will get an iPhone for 10 kgs of Ankole ghee. Hahahha
That's over Ugx 2m per month!
It's unlikely that an apartment of Ugx 200m in Najera will fetch you rent of Ugx 2m per month!
But probably the guy who can afford to invest in a 10 year bond can actually use the interest to pay for mortgage on the Najera apartment.
How?
@bkabumba
@mtnug
@wimMTNUG
WELL DONE. I see even Human Rights and Peace are in the background. All will be well. Again, both of you (Dr Kabumba and CEO MTN) have demonstrated strong leadership. Leaders must show up when contradictions and challenges emerge. Well done. ๐๐๐โ
The Left Embankment Dam at Isimba HPP curves beautifully behind the Control Building making it a sight to behold. Isimba HPP itself is racing to its final turn on the project cycle as it gears up for commissioning. Well done to
@UegclOfficial
@energyministry
@ERA_Uganda
@uetcl
@qataharraymond
Ugx 250 million will probably earn you or the seller Ugx 2 million per month in a unit trust (UAP, ICEA, Sanlam, Xeno etc).
๐ค๐ค.
Option 2 is to buy 50ร100 in Nabusugwe or Nakwero at Ugx 50 million, and start the long & torturous journey to home construction & ownership.
The best place to look is 12 years ago in Athens, Greece. The story is best told in the BBC podcast "Inside the IMF".
No lender will ever allow subsidies (for energy and food or transport etc) when they have lent you money for budget support!
Hustlers will indeed hustle. ๐คซ
The content they wonโt want you to see. When we refused to implement consumer subsidies on fuel and other goods since we knew subsidies are bad economics - neither efficient at targeting the intended beneficiaries nor sustainable - media criticized us.
Isimba Hydro Project shall have capacity of 183MW(Megawatts).A Megawatt is one million watts.A watt is a unit of power.A bulb may be rated 100watts, a fridge may be rated 800watts. So Isimba can power 1million bulbs & 100,000 fridges. Yes?
@UegclOfficial
@ERA_Uganda
@UmemeLtd
Five years ago, together with colleagues
@LeoAfricaInst
we highlighted the need for climate resilient infrastructure in cities.
The damaged roads in Kampala (worsened by heavy rains) point to the need for climate resilience on public infrastructure.
We may appear smart & stable. But we are not. We may look like we have all our cards well arranged. But we are broken.
Let's approach Jesus the saviour that knows it all & sees it all. ๐
Psalms 69:5 NKJV
O God, You know my foolishness; And my sins are not hidden from You.
@Muzaphalk
Lesson
#1
. A 10 year life insurance policy with
@PrudentialUG
can be a good move to financing education for children.
Lesson
#2
. Ugx 200,000 invested in a unit trust like
@XenoUganda
every month will allow you to sleep for atleast 8 hours every night when you are 40 years old.
Arguably the most convincing case on why we need to live and plan our lives in cycles of 10 years.
Buy that treasury bond. Do that masters. Start that home construction. Open up that endowment fund with
@PrudentialUG
. Get started. Years do run by so fast. ๐๐ซก
Oh boy, Oh boy! The Pondo Princess, Daughter of Bizana and Soldier of the Revolution has flipped the script on Madiba legacy upside down! What a woman! What a figure! RIP Winnie Nomzamo Madikizela Mandela.
#WinnieMadikizelaMandela
#WinnieMandelaFuneral
Things can look pleasant when actually the situation is bad.
May we be true to ourselves. ๐
2 Kings 2:19 NKJV
Then the men of the city said to Elisha, โPlease notice, the situation of this city is pleasant, as my Lord sees; but the water is bad, and the ground barren.โ
Oh yeah!
What a man! I remember when I walked from Kyambogo to Capital Radio to pick complimentary tickets (for Ange or Silk) from him ๐ค๐. What a generation! Alex, Karitas, Roger M, Allan M, Christine M!
This Tuesday in a special edition of
#360Mentor
on
@_360Mentor
at 7.30 pm, I will pay tribute to Ugandaโs biggest radio personality of all time. I first saw Alex Ndaula 40 years ago at a dance in high school. We later became good friends. So log on & celebrate his life with us
An incident involving a transformer in a residential area as reported to
@UmemeLtd
under References M3597598 and M3597162 has been rectified in less than 12 hours. Not bad at all. Thanks Umeme on this one, well done.
@ERA_Uganda
@MoWT_Uganda
Bujagaliโs commissioning in 2012 allowed the government to retire more than 100 megawatts of diesel power plants and made it possible to nearly eliminate government subsidies to the electricity sector.(Source: IFC: Published 8 March 2018)
@UegclOfficial
@ERA_Uganda
@UmemeLtd
@PathyKlinn
The Road Design Manual: Vol. I Geometric Design issued by the Ministry of Works and Transport has the answers. Speed is a key parameter in the geometrical design of the road. Beyond certain speed limits, your life insurance provider is restless. ๐ซก๐
A section of Isimba's earth-rockfill dam on the right bank. The dam has a total length of 1.6Km and maximum dam height of 25 metres. In the background, the mighty River Niles enters and emerges from the Hydro Power Plant structures. Excellent stuff.
@UegclOfficial
@MoWT_Uganda
@qataharraymond
Lesson: even with leafy diplomatic neighbourhoods, prime real estate markets & large infrastructure projects - for most people elections boil down to the questions on the cost of education, electricity,prices of beans & washing soap, access to affordable housing & health care.
That's approximately USD 4,500 for the two nights. That translates to average of USD 282 per person every night. Now that is a good deal for the target market. The story is always in the details. ๐คญ๐ค
The trouble with online feuds is that they stick & bite later in life. In 2013 or there abouts I wrote a scathing blog on a bank's financials. 6 years later I was in their board room sitting a job interview. I lost on merit (๐คฃ) but the irony wasn't lost on me.
๐
Happy Sabbath.
@qataharraymond
I think there is a formula for this. Interest Rate = Risk free rate + Risk Premium.
Risk free rate is usually the interest on a 365 day treasury bill. That's around 7% here I think. I guess 10% is the risk premium.
@pottodanny
please advise. Am I close to the answer?
@nikita_helene
I guess they are saying they are being underpaid for value created. I do work which we invoice for Ugx 385,000,000 but you give me Ugx 850,000. Hehehhe
"Hire people who see themselves as absolute CEOs in their positions. These people create a high sense of ownership & will deliver results. " - Mr. Brian Ssennoga, Lead Coach Kampala Leadership Hub.
@SBILIncubator
@nssfug
@Comrade_Otoa
For success in our jobs & business transactions (whether big or SMEs), political offices etc we need the kindness and favour of fellow people including officers, managers, executives, board members etc.
It is people,people & people.
๐
Happy Sabbath.
Nehemiah 1:11 NLT๐
I have finally got my copy of Martin Aliker's book, The Bell is Ringing. It was swiftly delivered by
@MR_TWINO
of
@TTPAfrica
. Excellent job Alexander. Well done.
@KakandeAlex
@CentenaryBank
One needs atleast 10 hrs of YouTube videos before diving into bonds. It's the guys at
@housingfinanceU
that I know had/have a portal for trading in bonds. You can see the bond price, face value, coupon payment schedule etc. Not sure if it still works.
Inspired by the national bird of Uganda - The Crested Crane, the proposed SGR Kampala East Station in Namanve will be a symbol of our beauty & serenity as we seek to transform Uganda thru an affordable & reliable transport system. Pre-constrn works are continuing.
#SGRDesigns
@JackleneArinda
The sword of betrayal is sharpened on the stone of friendship & close relationship. In the absence of that, betrayal would never hurt. ๐คญ