They are Cooked!!

Umeme: Concession ended, no viable pivot left. Posta Uganda: Digital mail and couriers make it extinct. BAT Uganda: Anti-smoking laws and illicit trade wipe it out. New Vision: Print dies under digital onslaught. Uganda Clays: Advanced materials replace clay products. Nile Breweries: Health shifts end mass beer demand. Roofings Group: Cheap imports and composites undercut steel. Kakira Sugar: Climate hits and sugar alternatives kill it. QCIL: Global pharma floods out local makers. dfcu: Fintech apps render traditional banks obsolete.

As UBOS prepares to publish October inflation figures, and exchange rate gone for weekend rest, my reminder is, UGANDA’S INFLATION HIT THREE-YEAR RECORD HIGH AT 4.6%/YR RECORDED FOR SEPTEMBER 2026. #InflationUganda

Several people are starting to claim the BOU action is not working (as things seem getting worse). Like I wrote, the action was on excess money, and correct (as I emphasized), as the only means with respect to internal monetary policy to balance external disequilibrium. Otherwise, there are things that monetary policy cannot do as many people seem to think.

My first time to own a computer was at Makerere university, I joined it so green. I left Makerere a Medical doctor, writing software and building Startups, also acquired political skills, analytical skills, and much more. We used to say, Makerere is a hill of endless possibilities and it's true. You can become so much than just acquiring a degree. Still the more I acquired so much from the University, the deeper I realised how further I would've gone if the university was at the best of its glory like it used to be. Even after realising how much I never acquired from Makerere due to it's declining potential, there's no place in Uganda or East Africa where I would've been exposed to all the knowledge, the skilling and the resources like I was at Muk. When we say the university needs to be revamped, don't be deceived that it's supposed to be revamped to national standards, even at it's worst performance, Muk is the greatest University in East Africa. That's why I felt so angry seeing people comparing Makerere to local universities. Even the university socials celebrated Muk being ranked number one in East Africa for another time in a row!!!! This is an embarrassment. It would've been news if it wasn't. Nothing Special about Muk!! I would've said this is one of the dumbest statement I have read this year but it's also important to enlighten those who lack exposure. 1. Makerere has the biggest laboratories in the country in Microbiology, immunology, agriculture, biochemistry, food science, engineering etc that if you're doing research, you would gain so much. 2. Makerere is the only university that receives internet directly from NBI and the only that gets more than 2.4gbps that if I'm doing research and need direct access to super fast internet, Makerere is your go to. 3. The Alumni network, Makerere has an Alumnus in every company in this country. Name it and I will tell you it's alumnus. Not doing cleaning but top office. This goes even beyond Uganda. Also something the university hasn't explored to it's roots. 4. Global Networks, Muk has connections to Microsoft, Google, MIT, Berkeley, KOICA, Bill and Melinda Foundation, IDI, MaRCCI, The Carnegie Corporation of New York, Rockefeller Foundation etc. This is one of the reasons why many lecturers join Muk to tap into this global network. Though end up not doing much of lecturing but if you had so much education, you would realise an affiliation to Muk is enough to propell you to global networks. Many have raised money through this affiliation. 5. Makerere has the highest concentration of brains in this country, that's why many government policies have a citation of professors and lecturers from there. 6. Makerere admissions are only given to the cream of the country. This means, it has the highest concentration of the best students of this country. This even should be a concern because we expect a lot from them. 7. If you want to study Nano technology, Makerere has the only laboratory in Uganda, Muk also extends to being the only place with some of the rarest micro organisms in the banker for research. 8. Makerere has raised so much money in research than all East African universities combined. Many more. Muk is so special that when you get to know how special it is, you feel so bad that it's not exploiting it's true potential. I can talk about all things that make Muk special but will need the whole day. As an alumnus, I will tell you that walking through the gates of Makerere, you see so much that you get heart broken that it's not utilized to it's fullest. For example, I started building Startups when I was at the university, Makerere has all this network of alumni, a very special network but cannot build a VC valley to fund Startups straight from dorm rooms. Some will say there's incubation hubs but that's for small universities, Muk has potential to have a fully fledged VC base.

I'm Hiring! Paralegal – Legal & Corporate Affairs Can be based in Uganda, Kenya, or anywhere! I am seeking an experienced, detail-oriented, and highly motivated Paralegal/Lawyer to join our administrative and legal operations team supporting our U.S.-based construction, real estate development, and affiliated businesses. This position will work directly with executive management, our existing administrative team, and outside legal counsel in the United States. The primary focus will be supporting litigation, legal research, contract administration, corporate matters, and legal document management. We are looking for someone who can think like a businessperson while approaching issues from a legal perspective, independently research issues, organize complex information, manage multiple legal matters, and proactively complete assignments without constant supervision. Knowledge of U.S. law is not required, but you'll be expected to figure it out through independent research. Key Responsibilities: * Assist with litigation matters, including discovery, document collection, organization, and preparation of legal records. * Maintain litigation files, legal calendars, deadlines, case summaries, and matter tracking systems. * Coordinate with outside attorneys to collect information, prepare documentation, and respond to legal requests. * Utilize Microsoft 365, SharePoint, Purview eDisovery, and other technology platforms to improve the efficiency and organization of legal activities. * Organize and analyze large volumes of electronic documents, emails, financial records, and other information relevant to legal matters. * Prepare written summaries, chronologies, reports, and documentation for executive management and outside counsel. * Assist with reviewing, organizing, and preparing contracts, agreements, legal correspondence, and other legal documents. * Assist with corporate governance, entity filings, licensing, compliance, and maintaining corporate records. Qualifications: * Bachelor of Laws (LL.B.) or equivalent legal qualification strongly preferred. * At least 3 years of experience working in a legal, paralegal, litigation support, or corporate legal environment. * EXCELLENT oral and written communication skills in English, including professional legal writing. * Strong legal research, analytical, and problem-solving abilities. * Extremely strong organizational skills and attention to detail. * Must be proficient in Microsoft Word, Excel, Outlook, Teams, and other Microsoft Office applications, including Copilot and Purview eDiscovery. * Must be extraordinarily proficient in ChatGPT (including ChatGPT Work). * Ability to independently research unfamiliar legal subjects and learn new procedures and technology. * Experience with litigation, contracts, corporate law, real estate, or construction law is a plus. * Experience with U.S. legal matters is a plus, but NOT required. * Must demonstrate discretion, professionalism, and strict confidentiality. * Proactive, can-do attitude with the ability to manage multiple assignments and meet deadlines. * Ability to access reliable, high-quality internet. Additional Information: * This position is remote and open to qualified candidates based in Uganda, Kenya, or other locations outside the United States. * The engagement is intended to be a full-time (40-60 hours/week) independent professional services arrangement, subject to applicable laws and the final written agreement. * Must be available during U.S. Eastern Time business hours, generally 8:00 AM to 5:00 PM, with an anticipated service commitment of approximately 40-60 hours per week. Occasional additional availability may be required based on business needs and mutually agreed arrangements. * International contractors will be required to provide appropriate U.S. tax documentation before payment, including a completed IRS Form W-8BEN for eligible foreign individuals or Form W-8BEN-E for qualifying foreign entities, as applicable. * Services are expected to be performed remotely from outside the United States. Any proposed performance of services while physically present in the United States must be disclosed and approved in advance, as different tax and legal requirements may apply. * Contractors will be responsible for their own applicable local taxes, benefits, registrations, and statutory obligations, subject to applicable law. * Must provide your own computer, reliable internet connection, and communication equipment (microphone/headphones/etc.). * This engagement requires substantial professional availability and commitment. Outside employment or business activities that create conflicts of interest, compromise confidentiality, or interfere with agreed service commitments are not permitted. * This position provides an opportunity to gain significant experience working with U.S. legal matters, corporate operations, and construction-related litigation, but does NOT guarantee or imply any visa-related actions for the United States. * The successful candidate must be capable of working independently, taking initiative, and completing assignments with minimal supervision. Submit the following to: applications@keareyconstruction.com * Email with the subject line: Paralegal – YOUR NAME CV / Resume * Email explaining your legal experience, why you are interested in the position, and your experience working with international or U.S.-based organizations. * Your compensation requirements in your local currency (UGX, KES, or other applicable local currency – NOT USD). * Brief description of your legal research experience, including the types of legal matters you have worked on and your level of responsibility. * Why you want to work with me. Opportunity is there. Take it. #HIRINGNOW #hiring #Paralegal #LegalJobs #UgandaJobs #KenyaJobs #RemoteJobs Please repost!

this is not an answer to the question “why does power go off when it rains”? it’s an answer to “how does the system work”? but then it exposes how terrible the system is. nearly every grid in the world runs on SCADA but modern ones add FLSIR to identify and isolate faulty areas so others automatically get rerouted and restored. but you’re telling me they have physical patrol run around kyanja and surrounding areas to figure out the point of the issue? same way the british left it in 1962?

People are understandably frustrated by what appears to be an overnight collapse in electricity service delivery following the transition from UMEME to UEDCL (@UEDCLTD). However, many are overlooking a fundamental reality. UMEME was a private company operating under a commercial model. Its survival depended on efficiency, revenue collection, customer satisfaction, and profitability. UEDCL is a government-owned entity. The incentives are fundamentally different. Even before taking over the main distribution network, UEDCL was already responsible for electricity distribution in many of Uganda's most remote and challenging areas with small hydroelectric dams to generate power. Districts such as Kanungu were under its management while UMEME concentrated on the main grid and major commercial centres. Yet even then, service delivery in many remote areas were a persistent challenge. What many people fail to appreciate is that organisations inherit institutional cultures. Certain attitudes that become entrenched within public institutions do not disappear simply because a larger mandate has been handed over. In many government entities, efficiency is often not the determining factor between success and failure. Salaries will be paid, offices will remain open, and operations will continue regardless of whether performance improves or stagnates. Consequently, efficiency becomes an aspiration rather than an imperative. Many public agencies proclaim a commitment to customer service while displaying little urgency when service actually deteriorates. Ugandas experience this reality daily. Delayed responses, weak accountability, and a lack of urgency have become familiar characteristics across numerous government institutions that interact directly with the public. Another challenge is the corrosive effect of patronage and nepotism. With recruitment influenced by connections rather than competence, organisations become vulnerable to the gradual infiltration of individuals who occupy positions without possessing the practical capability to deliver results. Competence is not measured by certificates, diplomas, or degrees hanging on a wall. Competence is measured by performance, initiative, problem-solving ability, and the capacity to deliver outcomes under pressure. There is also a frequently overlooked factor: organisational chemistry. Successful service delivery depends not only on individual competence but also on teamwork, trust, discipline, and camaraderie. A few weak links, internal divisions, poor supervision, or a lack of shared purpose can compromise the effectiveness of an entire organisation. When that happens, even technically qualified personnel can find themselves operating within a dysfunctional system. Can UEDCL adopt and sustain the performance culture of at lease UMEME (which had its own challenges) that private operators are compelled to maintain. Infrastructure can be transferred overnight. Vehicles, offices, substations, and networks can all be handed over. But a culture of efficiency, accountability, urgency, and customer focus cannot be transferred through a handover document. Ultimately we do not care whether the electricity distributor is public or private. We care whether the lights stay on, faults are repaired promptly, and service is reliable. Ownership is irrelevant to the consumer. Performance is everything.

I thought I could share a few of my track record relating to public policy. In 2024, I estimated a model that predicted the UGX/USD exchange rate to reach 1:4048 in 2026. In 2025, I predicted in an article that inflation would in the medium term remain below the BOU’s 5% target. I am still optimistic that inflation will not go past 5% in 2026. In September 2025, while speaking to the Youth Lenz Africa’s X space, I warned that a nominal growth target would be achieved by increasing government spending, which come at the cost of National debt and its obligations and a higher tax burden. Since late 2025, November data, I’ve consistently measured money supply growth and warned that the high growth of money would not reconcile with a 5% inflation target. In January 2026, while speaking to the monetary podcast based in UK, I warned that the growth money then would fuel macroeconomic stability. In February 2026, I advised the BOU to raise the CBR. The bank did not. In March 2026, I refuted a number of claims on X and NBS, that money supply was under control by top economists. In May 2026, I advised the BOU to raise the CBR. The bank did not. In June 2026, in a video, I expressed my concern that the consequence of excess money growth would arrive in terms of inflation in 2027. You might as well call me ‘the early warning system’ of Uganda’s economy.

ANNOUNCEMENT: Free Kidney and Liver Tests now available in Kyanamukaaka Town Council. The main Health Facility now offers liver and renal function tests free of charge. The laboratory has received an immuno-chemistry machine. It will significantly improve the capacity of the laboratory to conduct investigations supporting the assessment of renal and liver function and other biochemical parameters. Likewise the Theatre is fully functional.

10 marks 🙌🙌🙌

Original engine and gearbox. Just sorted minor leakage from rubber seal. Normal wear and tear.

I built a free map of every drainage channel in Kampala. Tap any drain: see why it floods, what drains into it, where it's water goes. Zoom in for a satellite view. Can be used to report floods and queue maintenance work. Check your area: gavacharles.github.io/kampal…

That is 0% (or even -%) true. The rate does not directly add to retail interest rate, although it influences retail rates with a lag and margin.

Thanks Brother 😎 I’m so humbled for His Majesty’s confidence in me and my team. It’s an honour to continue serving our people and contribute to the preservation, and enrichment of our culture and civilization as Tooro and Batooro.

Uganda got US$22M of the US$4.1B African startups raised in 2025. What a founder can fix before the next round: paying customers first, a record people will vouch for, and debt priced on proof. 7 charts, 25 sources.

Panic mode activated at the @BOU_Official. The Bank of Uganda has finally raised the CBR from 9.75% to 12%, and further raised the Cash Reserve Requirement from 11% to 13%. Should the Bank of Uganda officials listened to my advice? 🧵

In case you missed to read this, provides a good context to why the Bank Uganda has decided to take monetary tightening as the better course of actions.

#UgandaWatch: MAJOR MONEY SUPPLY UPDATE. Since November 2026 data, I have calculated Uganda’s money supply growing well above the productive capacity of Uganda. M3 money supply has averaged 18.1% since November 2026. The annual growth in August stood at 18.8%, well above Okware’s Optimal Growth Rate (OGR) of about 12.4%/yr deemed necessary for sustainable growth, employment and inflation. In the last five months to August, the overall annualized growth in money supply is measured at 29.5%. In 2026 alone (until august - available data), the cumulative increase in money supply is 92.9%. And in the 10 months ending August, the combined total annual growth in money supply is measured at a giant of 119.1%. History is unambiguous, money growth figures of such heights are followed by a similar magnitude of macroeconomic stability.

Fellow Economists, and Ugandans, We are experiencing another period, like the one during and after the COVID-19 inflation, when economists cannot provide a uniform, satisfactory explanation for the events unfolding in the Ugandan economy. Unfortunately, the strong orthodoxy around the exchange rate has kept my coherent explanation unpopular. Nonetheless, this is intended to provide a coherent and logical explanation of the cause, not the symptoms, of the recent exchange rate depreciation.  The most important point to note, amid the confusion, is that exchange rate instability must be seen as a symptom of the underlying economic structure. In a floating system, exchange rates may fluctuate, but they will be highly stable if basic economic conditions are stable. Therefore, it is important to distinguish causes from mere symptoms if we hope for a right and sustainable remedy. The cause, not the symptoms, of the recent exchange rate depreciation is excess money supply. In my monthly money supply update, published across all my social media pages, I warned that since November 2025, Uganda’s money supply had been growing above the trend level and that this would be associated with macroeconomic instability. In March 2026, I was prompted to refute, with data, claims by other senior economists that the money supply was well managed. I must emphasize that I was on the right side of the issue, and Bank of Uganda has since adopted monetary tightening. Since November 2026, money supply growth has averaged 18.1% year over year, well above Okware’s Optimal Growth Rate (OGR) of about 11.4%. Growth in the M3 money supply relative to an economy’s productive capacity is the key driver of nominal spending, asset prices, inflation, and related external imbalances. Excess money growth first boosts asset markets and wealth, as we can all observe in the recent capital market boom, and then raises spending. Because Uganda is an open economy, this spending tends to increase imports and put downward pressure on the shilling. A few people may brush off my synopsis by lazily arguing that there is no ‘one-size-fits-all’ explanation for the recent exchange-rate depreciation. They will most likely cite the import surge, the short-run association between crude oil prices and the exchange rate, the Sovereignty bill, the Middle East crisis, and so on. I have explained in a previous post why the Sovereignty bill cannot, on logic, facts, and good economics, account for the recent depreciation. Now, I would like to clarify the import surge and the link between crude oil prices and the exchange rate. To begin with, a question is: why are Ugandan companies and households able to import more than they did before? What is the reason behind this behavior? The answer, as I have highlighted above, is that excess money supply has increased the net wealth of both Ugandan companies and households, enabling them to spend more on imports. The main point is that the surge in imports in recent months, which is being used or may be used to explain the depreciation, is a consequence of excess money supply. On the other hand, some people may look at the link between crude oil prices and the UGX/USD exchange rate and assume a cause-and-effect relationship. That would add to the list of already damaging misdiagnoses among economists and the public. That relationship is helpful in the short run, not as a cause but as confirmation that, in the short run, backed by excess liquidity, companies and households will not make choices based on relative prices and will continue to purchase crude oil at ever-rising prices. The relationship weakens and becomes misleading in the long run as excess money balances iron out. As the BOU convenes an MPC meeting in a panic, the most important question is: which tools are at its disposal? I emphasize that, with respect to internal policies, the stock of money, broadly defined, is a critical tool for maintaining external equilibrium.