By 24-April-2020, the cumulative Covid-19 confirmed cases in the Eastern Africa region was 1285 but was increasing at 8% per day which is too high. A best case scenario would be a 1% daily increase so that the curve can start to flatten and reach a peak by mid-May 2020.... Read More
It appears that every two weeks, the number of worldwide confirmed Covid-19 cases increases by one million people meaning that virtually every country is experiencing an increase. By end of April 2020, that global number will have exceeded 3000000 going by the statistical trend. Some patients recover (one-in-three), some pass... Read More
There was optimism that the Covid-19 pandemic would ease by end of March 2020 following measures implemented by countries worldwide. These measures included closure of international airports, lockdown of most non-essential movement of people, working from home and social distancing. In the same month of March 2020, China started to... Read More
The investor should not hurry to sell just because the price has fallen. However, selling remains an option. In regard to selected Ugandan equities, Uganda Clays appears to be an outlier with huge swings at both ends of the continuum. Nonetheless, lets pay attention to stocks that had consecutive decline... Read More
The green colored bars (Year-end 2015) show how the share price changed between end of 2014 and end of 2015. Bars to the right of the vertical PURPLE line (the 0% line) imply an increase in the stock price. Those to the left mean reduction in stock price. Most of... Read More
The Institute of Certified Public Accountants of Uganda (“ICPAU) was established in 1992 by an Act of Parliament, now the Accountants Act, 2013. The functions of the Institute, as prescribed by the Accountants Act, are: To regulate and maintain the standard of accountancy in Uganda. To prescribe and regulate the... Read More
What is the objective of IFRS9? The objective of the International Financial Reporting Standard (IFRS9) is to establish principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty... Read More
J. Samuel Richards & Associates – one of the approved Uganda tax agents for 2018 Quote from Uganda Revenue Authority (URA) official website (www.ura.go.ug) – “In its maiden vetting meeting, the Tax Agents Registration Committee (TARC) has approved 289 Tax Agents’ applications. Following the approval, the agents will effective January... Read More
Strategy is a cool word. People like to use it. It leaves a good impression with your audience when you talk about ‘strategy‘. But strategy is probably the most over and misused word in business. And we often have the impression that the more someone uses the word ‘strategy’ in a... Read More
Running a business brings a host of risks, which need to be managed effectively. The basic purpose of risk management is to help make sure that the organization is protected against internal risks such as credit risks, financing risks, legal risks, reputation risks and operational risks, as well as against... Read More