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The difference between a gorgeous wretched girl and an unattractive poor one is that the former can easily land a very liquid suitor to change her destiny. That is precisely what happened to UTL last month when it signed a ‘code sharing agreement’with telecom giant Vodafone.

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In 2010, when Airtel announced entry in the Uganda’s Telecom market, MTN sent their then Marketing Manager, Isaac Nsereko, to India on a fact finding mission. His role was to undertake a competitiveness analysis on Airtel

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Emerging from the muddled Celtel brand, Airtel continues to dream big with long-term vision of being a market leader in at least one East African country. With Safaricom in free rise in Kenya, their best bet would be Uganda. The question is: can Airtel really pull it off? 

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The ability to keep operating costs below the belt is critical to the success of financial institutions. The cost to income ratio is such critical measure in assessing profitability. Being a listed company, Stanbic is under pressure to perform. While Stanbic Bank remains the biggest bank, it is struggling with high opex (operating costs) which are eating into their profits. For example, cost to income ratio hit an all-time high 67% in 2010, 47.2% in 2011 and 40% in 2012.

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Crane bank has got into partnership with the European Investment Bank (EIB) to make accessibility for affordable credit for expansion available to the small and medium sized firms. Through this partnership, the EIB released Euros 28m (Shs 94bn) to Crane bank for onward lending to local businesses.

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Japheth Katto is the new Chairman of the Board of Stanbic Bank Uganda Limited. Mr. Katto is a consultant in corporate governance, capital markets, pensions and leadership development. He was until the end of 2013 the CEO of Capital Markets Authority (CMA) Uganda for 16 years.

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Fast growing British-American Investments Company (Britam), has brought majority shares in, Real Insurance with operations in Tanzania, Malawi and Mozambique for $15.74 million.

Britam has grown tremendously from a small home based service insurance company to the leading diversified financial services provider in the region, with an asset base of over Kshs 55 billion, as at June 30, 2014.

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In the words of John Robert Wooden, the famous former American basketball player and coach, “Ability may get you to the top, but it takes character to stay there.” It certainly is not by mistake but by certain intricate design that Jubilee insurance has topped the insurance charts yet again.

The Insurance Regulatory Authority (IRA) has released results for the year 2013 showing higher-than-projected sector growth due to impressive economic growth and declining lending rates.

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The insurance sector saw great success in 2013 as more Ugandans began appreciating their need. Insurance premiums hit Ugx 435bn in the year 2013, a growth of 24% largely attributed to improved economic conditions with lower inflation and commercial bank interest rates.

The average lending rates declined to 22.7% at the end of September 2013 from highs of 27% in March 2012, boosting trade, investment and spending power during the year. The sector benefited from this growth.

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Small things mean a lot. The lack of financial literacy and good grasp of the concept of wealth is a big challenge to your personal financial independence and the economy at large. Even well educated people seem to lack basic wealth creation strategies. Below are some insights to unlock your wealth creation opportunities. 

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Contrary to popular belief, you don’t have to work hard to get to the top. You need a career strategy by investing in the right skills (assuming you already have the minimum technical qualifications like a bachelor’s degree).

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There are things you are supposed to achieve after hard work over a long period of time of say five to 30 years. Things like wealth accumulation must be made systematically. That way, you establish a strong foundation to sustain your wealth. 

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Everyone has two natures. One wants us to advance, the other wants us to pull back. The one we cultivate and decide upon determines whom we become.

Luckily, with the right kind of training, every individual could be a success. Though, it’s not in your best interest to wait and expect others to assist you on the road there.

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“Tack and diplomacy are all about skill and sensitivity in dealing with others, particularity with difficult people and tricky situations. Understanding other people emphasizing with the way they think and fee is essential to effective relationships,” said Olivia Kirtley, president of the International Federation of Accountants (IFAC) and a director of several public companies.

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Barbara Ofwono Buyondo, the proprietor of Victorious Schools is overall winner of MTN Women in Business SME CEO of the year 2015. The judges were impressed by her prepositions to grow her business from one small outfit to the current chain of Victorious schools.

Ms Barbara together with Lindsay Handler, the owner of Fenix International and Kainembabazi Sabiiti the Country manager of Amadeus Travel Company received  a work trip to South Africa to meet the biggest SME and learn from them, MTN office Wi-Fi for six months, $10,000 from the Y’ello Rose program, CUG activation and free subscription for six months, five MTN Fixed lines ,and one year hosting at Mutundwe data center from MTN Uganda.

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