Njuki Moments
Tuesday, June 26, 2012
There is life after death;and sometimes death thereafter
Thursday, May 17, 2012
Uganda at 50: The more things change the more they stay the same
In October this year, Uganda will be 50 years old. Her beauty un -diminished the girl has a story to tell. Having grown and retarded almost in equal measure we examine what has made the 50 years worthwhile and what we would rather forget as a country.
Beauty and tourism:
The thing with natural beauty is that you don’t earn it; it is natural and is simply bestowed on one by God. So was the case of Uganda. Sadly because no wars are fought to win beauty not many people and countries in this case put in that much effort to maintain or grow that beauty.
In 1908 Sir Winston Churchill, then Colonial Secretary of the United Kingdom, in his book My African Journey, detailing his visits to British colonies said this about Uganda.
“My journey is at an end, the tale is told, and the reader who has followed so faithfully so far has a right to ask what message I bring back. It can be stated in three words: “Concentrate on Uganda”.
But it is alive by itself. It is vital, and in my view, in spite of its insects and its diseases, it ought in the course of time to become the most prosperous of all our East and Central African possessions, and perhaps the “financial driving wheel of all this part of the world”.
My counsel plainly is: Concentrate upon Uganda! Nowhere else in Africa will a little money go so far. Nowhere else will the results be more brilliant, more substantial or more rapidly realized.
Uganda is from end to end a ‘beautiful garden’ where ‘staple food’ of the people grows almost without labour. Does it not sound like a paradise on earth? It is the Pearl of Africa.
Now compare this with the lonely planet magazine’s description of the same country 104 years later.
‘Uganda is Africa condensed, with the best of everything the continent has to offer packed into one small but stunning destination. Uganda is home to the highest mountain range in Africa, the Mountains of the Moon in the Rwenzori National Park. It is the source of the mighty Nile, and around Jinja offers the best white-water rafting in the world. It has the highest concentration of primates on earth, including the majestic mountain gorilla, one of the rarest animals on the planet. Head to Bwindi Impenetrable National Park for a chance to get close to these great apes.
On top of all this, the scenery is so striking that it looks like an oil painting, the beautiful national parks see far fewer visitors than in neighboring Kenya and Tanzania, and the capital, Kampala, is safer and friendlier than most in Africa.’
Sadly, Uganda is yet to ‘become the most prosperous of all our East and Central African possessions, ‘or even the ‘financial driving wheel of all this part of the world’. A typical case of failing to turn blessings into assets.
Even with ‘other people’s’ discovery of the pearl gifted by nature, not much has been curved out of this for its children. Majority of Uganda’s continue to slave away in unproductive gardens scratching the surface of the earth with hand hoes for food and economic survival instead of putting to use the easily available tourism potential.
Like is the case with most natural beauties there develops a sense of entitlement, working against the beauty instead of for. Uganda has not been able to lead its East African neighbors as Winston predicted and sputtering efforts are still the only response government is giving to this huge potential despite being the leading exchange earner for the country by its very nature.
Amos Wekesa, president of Uganda Tourism Association cites poor marketing strategies, poor infrastructure and lack of political support as the major setbacks in developing the tourism sector.
He says that although Uganda is blessed with some of the most breathtaking sites in Africa, and that tourism creates more jobs than many other sector, the little political support accorded to the sectors has seen Uganda play catch-up to counterparts like Kenya.
“How come that with all our natural endowments, other African countries like our neighboring Kenya are doing far better than us in brand imaging?” Wekesa asked.
However the tourism players seem to have acquired an un-failing fighting spirit. They have designed a campaign which will seek to boost Uganda’s tourism once the proposed 7 Wonders National Program takes center stage. The campaign will also boost Uganda's revenue earnings with figures estimated at over $2.5b each year.
The initiative designed by Amos Wekesa Masaba a tourism investor and President Uganda Tourism Association is supported by the Private Sector Foundation Uganda (PSFU).
“The campaign shall involve asking Ugandans within and abroad to choose Uganda’s 7 wonders. The selection of the 7 wonders will start with President, Cabinet, and Parliament before it rolls out across the country,” he said recently.
A World Bank program implemented by PSFU has approved funding for the initial survey of the tourism attractions amongst tourism stakeholders to choose the best 30 natural wonders out of which the whole nation will choose the top 7 wonders of Uganda.
The features will be identified from across the whole country with selections spread across flora, fauna, national parks and forests. Others will include rivers, mountains, rocks, historical, religious and anthropological sites.
Gideon Badaggawa the chief executive PSFU says the campaign is a boost towards improving competitiveness in the Ugandan tourism industry. ‘Uganda’s scenic, unique and rich tourism potential has gone unnoticed over years,” he said.
Despite the tourism potential, Uganda receives a small number of tourists averaging around 500,000 a year.
Wekesa is optimistic revenues will double once the numbers of tourists rise. “What we need is market for our products and what would be better that attracting 2m people each year with a potential of each at least $2500 (Shs7m) while in Uganda,’ he mused.
Unlike other East African countries that invested much in tourism last year (Kenya-$23m, Tanzania $10m, Rwanda $5m) Uganda only invested $300,000 earning a paltry $650m.Yet unlike the other states, Uganda still stands out because it has the highest density of primates (gorillas, chimps, baboons).
According to the National development plan which was rolled out two years ago by President Museveni seeking to get Uganda into the middle income bracket by 2017,there is still work to be done. The plan whose goal is that on average, every Ugandan earns at least Shs1.8 million ($900)per year, details tourism as a key growth sector. However the plan is yet to move away from what is – just a plan.
Hopefully, the next fifty years will find Uganda much wiser, more competitive and fitting into what Churchill saw 104 year ago realized as a regional power house, only 154 year late but on course.
This article first appeared in The CEO Magazine
May 2012.
Saturday, January 21, 2012
Want to hunt? Go ahead -head hunt.
I was my own sole employee for a few years.
I had even launched two new product lines to the market. No jokes. Seriously-I just like the line...launched two product lines to the market-eggs and packed chicken. Then Faith happened. Not Faith the virtue. No. Faith, the person. She was my first employee and as a result she introduced me to the world of head hunting.
You see when you start a business unless you are the genius type, which I am not, you will get to a point when the business outgrows you. At that point, you will constantly you struggle to learn new skills and you will constantly fire fight to get things right-on time.
That is what happened to me the first day my new product line was launched. I told you I love that line. It was that bright day when the receiving clerk at the supermarket asked me to differentiate between a thigh and a breast-of a chicken. I know I needed someone better than me in this area.
When you realize you need better skills the urge is normally to go back to school do a course or something. You will rarely find that useful. By the time you complete the course your business will be far back than you left it, especially if it is the type where you play a key role and your presence is needed daily. There are people out there who have done what you want done for a while. This is how Faith came into the picture. She came highly recommended and she had the experience from a multinational company to boot.
Problem was, I didn't think I could afford her. Business skills coming to the fore, I negotiated not her salary-I didn't know how much she was worth and my deeper fear was whether I would be able to accommodate her skills fully-whether my small business would generate enough challenging work for her.so when we spoke, I negotiated for time. Half her time in a day. I let her be the boss. Come in here early morning and you can go do something else. Come back in the evening and finish up for this fee. She accepted. With time I would ask her to train someone else to work in her absence so skill transfer can take place. When you have an arrangement such as this with lee-way either side you can’t go wrong.
With time Faith agreed to work more time and even gave me insights never thought needed. Don't die under the load. Ask someone with experience to help. Give them the convenience of choosing the terms-at first it will guide you well on how to proceed. Use them well and build a team. You will be surprised just how beneficial such a deal can be in the long run. They tend to look at this young outfit as their baby and well-steered you will achieve much more than if you had engaged another rookie so you can still be the most knowledgeable on the team.
Being smart is measured by how well you manage people who are smarter than you. Learn the skill and if you are in the service industry, outsourcing pretty manners and some faces goes along way.
Saturday, January 7, 2012
Mind your business
Not many entrepreneurs are known for their depth of knowledge from formal school. That is if we get talking diplomas and degrees. However, one thing you may observe is that no one can pass for a fool or uneducated if you may. If you have experienced some form of success in creating and running a business, you have far too much education, and experience than you get credit for. Why?
Because that is just the way of business, it is a game that requires tack and skill, and experience and speed and if you are winning, you certainly are doing something right. Money is fluid and requires careful handling. When you succeed in so doing, you have what it takes to win in the rest of the world’s challenges.
But most importantly, what entrepreneurship requires of you is knowledge of your business, attention to detail and questioning even that which seems obvious. You need to mind your business, and getting information before and after you start is important. Learning never ceases.
When God said, 'My people are destroyed from lack of knowledge'(Hosea 4:6) take it that he had you in mind. A lot of entrepreneurship graves litter the horizon. Cause of death? Lack of information and insufficient care to own business. Let us share some examples.
In March 2008, I found myself in a long line of investors who wanted a slice of the Safaricom IPO shares. Safaricom one of the most profitable telecom businesses in the region was listing on the Nairobi Stock Exchange. The Kenyan government was offering 25% of its stake in the company. Talking money, the IPO was offering 10 billion shares priced at 5 Kenyan shillings a share(Ush 150), which implies a value of KES200 billion ($3 billion). As expected there was this whole lot of promotion for the Initial Public Offer, and everyone imagined themselves owning part of that juicy offer. Catch was, you had to subscribe for the shares in Kenyan shillings plus opening up a CDS account and brokerage fees, all for small percentages, it seemed.
A lot people lined up converted their cash and went in for the kill. If you spoke to some people queuing up-like I did, the strategy was to get their allocation and sell immediately on the opening day hoping the price would appreciate as had the KenGen shares two years before. As luck would have it, the IPO was oversubscribed, meaning not many people got all the shares they had subscribed for, they therefore had to go through the money losing and heavily stressing process of reconverting their money at obnoxious rates some months later. At the end of the day, the banks and agents had made the money and so had Safaricom. Not many speculators came out smiling, because to add to their troubles the share price dipped on opening. Now some people had taken loans hoping to cash in and pay back.
Now, specialists and consultants are important in business but you remain their boss, meaning they are meant to refine your thinking not stop it. Eventually it is your money and therefore you should take the last decision depending on your independent analysis.
For this particular example, anyone who has played the markets should have told you that you invest for the long run, which makes more sense so you should be prepared before you go in. But if you miss the analysis you go down.
I can imagine God up there looking on in wonder, tugging at his white beard, calling Jesus, 'Hey son, come here and observe earthly beings making a fool of themselves' and probably wondering how to help all out. Sadly for you, if you miss making your own analysis, Angel Gabriel doesn’t deliver messages here like he did before. So you are on your own. Key point is: invest in doing your own studying and no matter what the experts say, if the deal doesn’t make sense to you don’t go in. You would rather be sad for missing an opportunity than taking it and crying for losing even more money.
The same would go for Ugandans who have taken up online trading and playing the global markets. Truthfully, it is a viable business opportunity but one needs to invest in knowledge so you know how the money is made. It is foolhardy, in my opinion, to save up and deposit all your money with a consultant’s company and simply expect monthly pay outs without knowing how the business runs. Invest in knowledge. In short even when you employ experts to manage your money, mind your business.
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