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Becoming Golden: Cultivating Young Leaders for a Golden Future.

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  • Article 70: The 5 Jars Principle: A Faith-Centred Approach to Financial Stewardship

    Money is one of the earliest tools of independence most people encounter, yet it is rarely accompanied by wisdom on how to manage it well. For many young adults, income arrives before instruction, and financial decisions are made through trial, pressure, or imitation rather than intention. The result is often confusion, anxiety, debt, and a fractured relationship with money. The 5 Jars Principle offers a simple yet profound framework that restores clarity, discipline, and purpose to personal finance, while anchoring financial decisions in faith and values.

    At its heart, the 5 Jars Principle is not merely a budgeting method; it is a stewardship mindset. It teaches that money is not owned absolutely, but entrusted. This perspective shifts the focus from consumption to responsibility, from impulse to planning, and from scarcity to purpose. By assigning every portion of income a role before spending begins, individuals learn to lead their money rather than react to it.

    The principle is often taught using physical jars, especially for children and young adults, because it transforms an abstract concept into a visible, practical habit. Each jar represents a clear financial priority. As income is received, it is intentionally divided, reinforcing the idea that wise financial living is proactive, not accidental. Over time, this practice shapes character as much as it shapes bank balances.

    When applied consistently, the 5 Jars Principle nurtures financial maturity by integrating faith, generosity, growth, preparation, and enjoyment into one coherent system. It recognises that financial health is not achieved by focusing on one area alone, but by maintaining balance across all aspects of life.

    The five jars are introduced as follows.

    The first jar is the Tithe Jar, which represents putting God first. This jar is set aside before anything else, affirming that God is the source of all provision. By honouring God with the first portion of income, individuals cultivate gratitude, humility, and trust. Scripture reminds us, “Honor the LORD with your wealth, with the firstfruits of all your crops” (Proverbs 3:9), and further affirms that “a tithe of everything… belongs to the LORD” (Leviticus 27:30). Tithing is therefore not framed as loss, but as alignment — a declaration that faith governs financial decisions. This practice trains the heart to depend on God rather than money and establishes spiritual order in personal finances.

    The second jar is the Blessing Jar, dedicated to generosity towards others. This jar reflects the understanding that money is also a tool for compassion and community. Through intentional giving, individuals learn to look beyond themselves and recognise the needs around them. The Bible teaches, “Give, and it will be given to you” (Luke 6:38), and also assures us that “a generous person will prosper; whoever refreshes others will be refreshed” (Proverbs 11:25). Generosity builds empathy, strengthens relationships, and reminds us that wealth finds its highest purpose when it uplifts others. This jar guards against selfishness and nurtures a lifestyle of kindness and service.

    The third jar is the Investing Jar, which focuses on long-term growth. Here, individuals are encouraged to think beyond immediate needs and pleasures, and to plan for the future with wisdom and diligence. Scripture affirms this principle clearly: “The plans of the diligent lead surely to abundance” (Proverbs 21:5), and “whoever gathers money little by little makes it grow” (Proverbs 13:11). Investing teaches patience, discipline, and responsibility. Whether through education, entrepreneurship, or structured investments, this jar equips individuals to grow resources steadily and sustainably over time.

    The fourth jar is the Savings Jar, which prepares individuals for life’s uncertainties and opportunities. Saving is an expression of wisdom and foresight. The Bible uses the example of the ant to illustrate this truth: “Go to the ant, you sluggard; consider its ways and be wise” (Proverbs 6:6). It further states that “the wise store up choice food and olive oil” (Proverbs 21:20). By setting aside funds for emergencies or future needs, individuals avoid panic-driven decisions and unnecessary debt. This jar fosters peace of mind and reinforces the value of preparation.

    The fifth and final jar is the Spending Jar. After honouring God, giving generously, investing wisely, and saving intentionally, individuals are free to enjoy what remains responsibly. Scripture affirms that enjoyment, when rightly ordered, is part of God’s design: “There is nothing better for people than to enjoy their work… this is a gift from God” (Ecclesiastes 3:13). This jar acknowledges that balance matters — life is meant to be lived fully, not anxiously. By placing spending last, the system ensures that enjoyment does not undermine stewardship, but flows from it.

    What makes the 5 Jars Principle particularly effective is its simplicity. It is easy to understand, easy to teach, and easy to adapt to different income levels. More importantly, it works because it aligns behaviour with values. It removes ambiguity from financial decisions and replaces it with clarity. Every coin has a purpose, and every choice becomes intentional.

    For young adults especially, this framework lays a strong foundation. It encourages living within one’s means, avoiding unnecessary debt, building financial resilience, and developing a healthy relationship with money early in life. Over time, the jars may change in size as income grows, but the principles remain constant.

    Ultimately, the 5 Jars Principle reminds us that financial wisdom is not separate from spiritual life. How we manage money reflects what we value, what we trust, and what we prioritise. When finances are stewarded with intention and faith, they become a source of peace rather than pressure, and a means of purpose rather than anxiety.

    Wise stewardship is not about how much we earn, but how faithfully we manage what we receive.

    For further reading and additional perspectives on the 5 Jars Principle:

    The 5 Jars (part 6)

  • Article 69: Making Every Moment Count: Reflections on Time, Purpose, and Intentional Living.

    Time is one of the few resources every person is given equally, yet it is also the easiest to misuse. Once a moment passes, it cannot be retrieved, rewritten, or relived. Hours lost to frustration, seasons spent in worry, and years consumed by pressure or comparison often leave little to show for the effort. As life unfolds, many people begin to realize that being busy is not the same as being fulfilled, and activity does not always translate into progress.

    It is within this reality that the question becomes unavoidable: how are we truly spending our time? Are our days aligned with purpose, or are they quietly slipping away through habits and pursuits that add little value to our lives?

    These reflections form the foundation of a powerful teaching shared by Joyce Meyer, a globally respected Christian author, speaker, and Bible teacher. Known for her practical approach to faith and everyday life, Meyer has spent decades helping people understand how biblical principles apply to real-life challenges. Through her ministry and her program Enjoying Everyday Life, she consistently emphasizes intentional living, emotional health, and spiritual maturity.

    In her sermon “Ways We Waste Time,” Joyce Meyer confronts one of the most common yet overlooked struggles — investing energy in things that do not produce lasting fruit. She describes what she refers to as “dead works,” actions driven by human effort rather than divine guidance. These include trying to force outcomes, rushing ahead of God’s timing, or attempting to do what only God can do. While such efforts may appear productive on the surface, they often lead to exhaustion, frustration, and disappointment.

    A recurring theme in the teaching is the danger of striving in one’s own strength. Meyer explains that many people expend enormous effort trying to fix situations, change others, or even transform themselves without involving God. Whether it is in relationships, personal growth, or decision-making, this self-driven approach often results in conflict and burnout. True change, she emphasizes, begins in the heart — and only God can bring about lasting transformation.

    She also highlights how much time is wasted trying to control people and outcomes. From marriages and friendships to parenting and work environments, the desire to shape others according to personal expectations can quietly consume years of emotional energy. Rather than producing peace, it often breeds tension and resentment. Learning to love people where they are, rather than where we want them to be, becomes a powerful way to reclaim both time and joy.

    Another significant insight from Meyer’s message is the distinction between busyness and fruitfulness. A full schedule does not necessarily indicate a meaningful life. Many people use “I’m busy” as an excuse for neglecting rest, relationships, reflection, and spiritual growth. Yet God, Meyer reminds listeners, never called people to be busy — He called them to be fruitful. Living intentionally requires honest evaluation of priorities and the courage to say no to distractions that do not align with purpose.

    Throughout the sermon, Meyer consistently brings the listener back to responsibility. While faith is essential, passivity is not. Time must be stewarded deliberately. This includes examining motives, aligning actions with values, and being willing to disappoint people when necessary in order to remain faithful to what truly matters.

    Ultimately, the message is a call to wake up to the value of time and the responsibility that comes with it. Life was never meant to be a constant cycle of stress, striving, and survival. When time is invested wisely — guided by purpose, grounded in faith, and free from unnecessary pressure — it produces peace, fulfillment, and lasting impact.

    Joyce Meyer’s teaching reminds us that a life well lived is not measured by how busy we were, but by how intentionally we chose to live. By releasing control, aligning our efforts with God’s direction, and focusing on what truly matters, we can move toward a life marked not by regret, but by meaning and purpose.

    For the full sermon and more insights, watch here: https://youtu.be/qishIhOwSX0

  • Article 68: The Alone Advantage: Where Purpose Is Forged In Private.

    People are rewarded in public for what they practice in private.

    This insight is powerfully unpacked by Terry Savelle Foy, widely known as the “cheerleader of dreams,” on her YouTube channel where she shares practical, faith-based wisdom on purpose, discipline, and personal growth. In one of her teachings on The Alone Advantage, Terry explores how the unseen hours of life shape clarity, character, and long-term success.

    It is a simple truth, yet one that quietly governs the lives of those who grow, lead, and endure. Purpose is rarely discovered on a loud stage or in crowded rooms; it is uncovered in the unseen hours, when no one is watching and nothing is demanded except honesty, discipline, and attention.

    For many, being alone feels uncomfortable. Solitude exposes thoughts we would rather avoid and questions we would prefer not to answer. Yet it is precisely in this space that clarity is formed. The habits that shape extraordinary lives are often simple, repetitive, and unimpressive from the outside. They are the basics — practiced faithfully behind closed doors.

    The story of Kobe Bryant illustrates this principle powerfully. At the height of his career, already celebrated as one of the greatest basketball players in the world, he still arrived at training sessions before dawn. He spent long stretches repeating fundamental footwork and pivot drills — movements so basic they seemed unnecessary for someone of his stature. When asked why he focused on such simplicity, his answer was direct: mastery is born from never getting bored with the basics. Excellence, he understood, is sustained in private long before it is displayed in public.

    This same pattern appears across disciplines, faith, leadership, and personal growth. Transformation does not begin with applause; it begins with attention. It begins when one deliberately sets aside time to listen, to reflect, and to ask meaningful questions. In a world overflowing with noise and distraction, choosing solitude becomes a strategic advantage.

    For years, life can feel busy yet stagnant — full, but not fruitful. Without intentional private time, direction blurs and purpose weakens. It is often only when circumstances force stillness that growth finally begins. Solitude becomes the place where insecurity is confronted, past pain is acknowledged, and new vision is born.

    Scheduling time to be alone is not about doing nothing; it is about doing the most important work. It is in these moments that individuals begin to think deeply, journal honestly, pray intentionally, and listen attentively. Growth, success, and restoration all emerge from this quiet discipline. The most successful people understand that clarity comes before momentum, and clarity is cultivated in private.

    Preparation is another powerful outcome of the alone advantage. Opportunity rarely announces itself in advance. When it arrives, readiness determines whether it becomes a breakthrough or a missed moment. History is filled with stories of individuals who appeared “lucky” but were, in truth, prepared. They rehearsed, studied, practiced, and refined their skills long before anyone noticed.

    Preparation often looks foolish to others. Writing a book before a publisher calls. Practicing a craft without an audience. Saving small amounts of money consistently while others spend freely. Yet preparation time is never wasted time. When opportunity comes, it is already too late to prepare — the work must already be done.

    This principle applies equally to faith, leadership, finances, and personal discipline. Growth compounds quietly. Small, repeated actions accumulate into significant transformation. A daily investment of thirty minutes — to read, to plan, to learn, or to pray — can yield hours of progress each month. These private decisions shape public outcomes.

    Discipline, too, is forged in solitude. Waking up earlier, planning intentionally, and mastering daily routines may seem insignificant, but they form the structure upon which success rests. The battle of the bed is often the first test of self-leadership. Those who win it consistently gain time, clarity, and control over their direction.

    Success is not the result of grand gestures but of small commitments honored daily. Goals alone are not enough; commitments drive change. What one chooses to repeat becomes one’s reputation. Consistency behind the scenes determines credibility on the stage.

    Ultimately, the alone advantage is about alignment. It is where purpose becomes clear, character is refined, and readiness is built. Solitude sharpens vision and strengthens resolve. It prepares individuals not only for success, but for sustainability.

    What is practiced privately shapes what is revealed publicly. In the quiet hours, direction is found, discipline is developed, and destiny is prepared. Those who embrace solitude do not retreat from life — they prepare to lead it with clarity, confidence, and purpose.

    For more information, watch the video below: https://youtu.be/-oy71kWNljM

  • Article 67: Five Habits That Can Advance Your Life in Record Time.

    Five Habits That Can Advance Your Life in Record Time.

    Every once in a while, you encounter a message that reshapes the way you look at your daily life. On the Terry Savelle Foy YouTube channel, the speaker — Terry herself, widely known as the “cheerleader of dreams” delivers a practical yet deeply transformative teaching on the habits that changed her life. Her story, honesty, and clarity make the message stand out not just as inspiration, but as a true blueprint. Terry begins by highlighting something she learned from leadership expert John Maxwell: “The secret of your future is hidden in your daily routine.”

    It sounds simple, but it becomes powerful when you hear her own journey. She openly shares the painful chapters — trauma, insecurity, financial struggle, stagnation, and the years she drifted without vision. And yet, through a handful of daily, consistent habits, her entire life began to shift — spiritually, mentally, financially, and professionally.

    She insists that you cannot have a million-dollar dream with minimum-wage habits. But if you choose the right habits, even small ones, the compound effect can be extraordinary.

    Below are the five habits Terry teaches, drawn directly from her message and lived experience.

    1. Pray and Meditate

    Terry’s first habit is the practice of stillness with God — not rushed, not reactive, but intentional.

    Prayer is speaking to God; meditation is allowing Him space to speak back.

    She describes how this became the foundation for direction in her life. Her father taught her to take a journal into prayer, write whatever comes up, and practice recognizing the voice of God. Over time, those notes became her compass.

    A life worth living becomes a life worth recording. In prayer, clarity grows.

    2. Read

    Reading was the habit Terry resisted the most in her early years, yet it became one of the greatest catalysts for change. She explains how she went more than a decade without reading anything for growth and her life remained the same.

    The moment she disciplined herself to read even 20 minutes a day, her mindset began to expand. Opportunities followed. Her income rose. Confidence grew. Doors opened that she didn’t even know existed.

    As Jim Rohn famously said, “Work harder on yourself than you do on your job.”

    Reading is one of the simplest ways to do exactly that.

    3. Listen to Audio Messages Daily

    Instead of letting your car become a space for background noise, Terry advises turning it into a classroom. She explains how faith-building messages, sermons, and growth content transformed her thinking. Hearing truth again and again reshaped her imagination.

    This habit also introduced her to another principle: the company you keep matters.

    Some people pull you down.

    Some people elevate you.

    Your environment affects your dream more quietly than you realize.

    Listening every day gradually shifts your internal world until it starts influencing your external one.

    4. Write and Review Your Dreams

    No progress is possible without vision. Terry emphasizes the importance of clarity — not vague goals, but written, specific, visible dreams.

    She created a “dream book,” filled with pictures, goal statements, and faith declarations. Some of the dreams looked almost ridiculous at the beginning, yet years later, she found herself living them — standing on the very stages she had once pasted into her book.

    Whatever you continually place before your eyes eventually shapes the path you walk on.

    Clarity is not optional; it is spiritual obedience. The Bible itself says, “Write the vision; make it plain.”

    Terry’s story is simply a modern example of what that looks like in action.

    5. Exercise

    Of all the habits, this was the one she felt least excited about — yet it became a vital part of her routine. Not because of vanity, but because of discipline.

    She encourages starting small: even 20 minutes a day adds up to meaningful change. Movement shifts your energy, your focus, and your mood. And beyond physical activity, she stresses the power of confession — speaking life over your body, health, and discipline.

    Your words shape your outcomes.

    Your habits shape your strength.

    Your strength supports your purpose.

    Ultimately, Terry’s message is a reminder that success is not hidden in dramatic moments or rare opportunities, but in what you repeatedly do. Your routine is quietly deciding your future, whether you are paying attention or not.

    If you want a different life, you do not start with the dream — you start with the day.

    You start with five small actions that build into something extraordinary over time.

    And as Terry demonstrated through her own transformation, if you change your habits, you can change your whole life, sometimes faster than you ever imagined.

    For more information: https://youtu.be/z0D6sgPnPh0

  • Article 66: Financial Transformation for Women: Managing Personal Finances, Investment and Safety Nets

    Representatives of Powerhouse Investment Club who attended the event.

    Written by Adv. Brownie Ebal

    In today’s unpredictable world, financial transformation is more than just a goal—it is a necessity. For women, understanding and managing finances is key to building stability, independence, and a secure future. It begins with simple yet deliberate steps: gaining knowledge, saving, investing wisely, and establishing safety nets to protect against life’s uncertainties.

    Financial literacy, the skill and knowledge to manage money well, is the foundation. Surprisingly, 85% of financial success is based on behavior and attitude rather than income alone. This means prioritizing resources, cultivating savings habits, and adopting a healthy relationship with money. Yet the statistics are sobering only 1% of people save for retirement, 2% of Ugandans have UGX 10 million or more at any given time, and 8.3 million Ugandans struggle daily to secure their next meal. These realities highlight the urgent need for women to take control of their finances, not only for themselves but also for their families.

    Saving remains the first step toward transformation. An emergency fund—accessible and ready—can ease life’s unexpected burdens. Beyond saving, women must also focus on investments that create long-term value. Whether through agriculture, small businesses, or SACCOs, finding opportunities that align with market demands is essential. Skills and talents can also be monetized. Ask yourself: What am I good at, and how can I commercialize it? From baking to digital services, every ability holds the potential for income.

    However, financial stability extends beyond money. A woman’s overall well-being—mind, body, and spirit—plays a significant role. Health is non-negotiable. Regular medical check-ups such as annual pap smears, mammograms, and PSA screenings for men are critical for early detection of health issues. Proper rest, physical activity, and emotional balance form the foundation for resilience. Engaging with children, spending quality time with them, and guiding them with values helps build a financially responsible future generation. Involving children in physical activities and meaningful conversations equips them with the tools to thrive.

    Family dynamics and planning are equally vital. Concepts like the “5-Jar Approach,” used in Jewish households, teach the importance of dividing resources for savings, giving, spending, investing, and emergencies. Such habits, if passed down, ensure that financial responsibility becomes a family legacy.

    Financial transformation is about taking small but significant steps today—saving consistently, managing debt wisely, investing for the future, and planning for transitions, including retirement. It is about creating safety nets through insurance, long-term financial plans, and the discipline to stick to them.

    At its heart, the journey toward financial empowerment is deeply personal, yet its impact is far-reaching. Women who take control of their finances build not just their own futures but also resilient families and communities. By prioritizing our health, engaging with our loved ones, and managing our resources with intention, we can break cycles of financial hardship and pave the way for a brighter, more secure tomorrow.

    Financial transformation begins with you. The steps you take today will secure your future and light the path for generations to come.

    For more information on the Female Future Leadership Programme, kindly visit:

    https://fuemployers.org/female-future/

  • Article 65: CAPITAL MARKETS ROUND TABLE

    The final day of World Investors Week 2024 in Uganda culminated with profound insights under this year’s theme, “Tech-Enabled Financial Inclusion: Bringing Sustainable Finance and Investment Opportunities to Everyone.” Focused on expanding access to sustainable investments, the discussions highlighted how technology can bridge financial gaps, ensuring more Ugandans participate in capital markets and benefit from a more inclusive economy. With key speakers from government, financial institutions, and technology providers, the day offered a roadmap for sustainable growth, financial literacy, and investment opportunities.

    Government’s Role in Sustainable Growth and Financial Inclusion

    Uganda’s Minister of Finance outlined the government’s commitment to sustainable growth through the Medium-Term Budget Framework (MBF-4), emphasizing productivity, value addition, human capital development, private sector support, infrastructure, and governance. These pillars, the minister noted, will create a conducive environment for sustainable finance and investment.

    Insights from Listed Companies: Growth, Inclusion, and Scrutiny

    The first panel brought in representatives from listed companies, who discussed the transformative benefits of being publicly listed on the Uganda Securities Exchange (USE). Key advantages included increased visibility, strengthened governance through attracting independent directors, and internal capital growth. Panelists highlighted the importance of maintaining transparent records to leverage these benefits fully.

    One company, DFCU, illustrated how its listing has enhanced financial inclusion by enabling partnerships that support financial literacy programs, mobile banking applications, and broader access to services. The scrutiny from the Capital Markets Authority (CMA) and USE, while rigorous, has fostered a culture of growth and accountability, allowing companies to prioritize sustainability and investor returns.

    Sponsor Reflections: Educating and Empowering Investors

    Media partners SMART 24 and New Vision emphasized the critical role of investor education. SMART 24 stressed the importance of enabling Uganda’s private sector to drive GDP growth. New Vision echoed this by committing to responsible journalism through various formats—articles, podcasts, and talk shows-that aim to empower investors and foster a more informed public.

    The Deposit Protection Fund (DPF) also played a significant role in educating the audience on financial security. It urged Ugandans to update their account details regularly to ensure they remain protected under the fund’s guarantee in case of bank failures.

    Expanding Capital Markets through Knowledge and Accessibility

    Panelists underscored that financial inclusion in capital markets begins with knowledge. Limited financial literacy and income levels, influenced by skills shortages, remain significant barriers. Xeno, a local asset management firm, is addressing this challenge by offering a user-friendly platform that allows individuals to save and invest based on future financial goals. Serving 50% of Uganda’s population, Xeno exemplifies the power of accessible technology to boost financial inclusion.

    For investors, asset management offers numerous benefits, including diversified portfolios, improved cash flow management, and financial planning advice. While some fear that NSSF’s increasing role in the market could overshadow other unit trusts, panelists clarified that NSSF’s primary focus remains on retirement planning, leaving room for other funds to address diverse financial goals.

    AI and Technology as Catalysts for Financial Inclusion

    Nesta Paul Katende presented an insightful session on AI’s role in promoting financial inclusion and sustainable finance in emerging markets like Uganda. AI’s capacity to enhance access to credit, personalize financial products, and automate customer service can help overcome inclusion barriers. Beyond efficiency, AI in financial literacy and investor protection enables personalized learning and robust fraud detection systems.

    In capital markets, integrating AI tools allows financial intermediaries to broaden investment access, reach underserved communities, and promote inclusive and sustainable finance. This AI-driven transformation points to a future where technology not only optimizes finance but also fosters financial empowerment.

    The Importance of Sustainable Finance and Regulatory Support

    In a session on sustainable finance, experts discussed three key pillars:

    1. Environment – Managing natural resources sustainably to support business while conserving the environment.

    2. Social Impact – Ensuring business practices benefit society, promote workplace inclusivity, and enhance occupational safety.

    3. Governance – Promoting sustainable decision-making at the board level, with green bonds highlighted as a financing example.

    Stanbic Bank, represented by Mr. Ssemakulu, shared its commitment to financial sustainability through initiatives like training over 15,000 women. Regulators, such as the CMA, are shaping the sustainability agenda by incorporating Environmental, Social, and Governance (ESG) principles into their frameworks, aligning with Uganda’s National Development Plan and international goals.

    From a regulatory perspective, frameworks are being developed to protect investors, enforce compliance, and promote sustainable investments. Investors, in turn, can contribute to sustainability by advocating for policies and supporting projects that align with ESG principles.

    Government and CMA’s Role in Advancing Financial Inclusion

    The closing panel explored the role of government in promoting financial inclusion. CMA has prioritized public education as part of its program, with World Investors Week being one avenue to increase financial literacy. NSSF also emphasized financial inclusion as a core part of its social security mandate, encompassing contributions, investments, and benefits payouts.

    Efforts to reduce barriers to internet access were discussed, with suggestions including competition and reduced taxation to make internet more affordable. The panel also reinforced the importance of cultivating a saving culture, regardless of income levels, as a foundation for future investment.

    The discussions at World Investors Week 2024 underscored a collective vision for a more inclusive and sustainable financial future in Uganda. By embracing technology and building foundational knowledge, Uganda can unlock greater financial participation and investment opportunities for all citizens. The week highlighted that while capital is crucial, informed decision-making and a robust understanding of sustainable finance are essential for long-term growth. With technology as a driving force, Uganda is well-positioned to foster a financial landscape that empowers its people and meets global standards for inclusivity and sustainability.

    For more information on these investment opportunities, kindly visit these websites:

    https://www.use.or.ug/

    Protecting Your Investment

  • Article 64: Women In Investment Breakfast 2024

    Written by Adv. Brownie Ebal

    I attended the Women in Investment Breakfast 2024 in the capacity of Partner at Nuwajuna Associated Advocates (NAA), where I serve as Secretary of Powerhouse Investment Club and as Legal Affairs for Water Family Investment Club. Both clubs are startups with a combined portfolio of over 200 million shillings. The breakfast, held on October 23rd at Kampala’s Protea Hotel, was a highlight of the World Investor Week (WIW) 2024, which focused on the theme “Tech-Enabled Financial Inclusion: Bringing Sustainable Finance and Investment Opportunities to Everyone.”

    The event underscored the critical role of technology in expanding financial inclusion, particularly for women, and was organized by the Capital Markets Authority (CMA) and Uganda Securities Exchange (USE) as part of broader efforts to promote financial literacy. Ms. Jacintah Akino, Manager of Legal and Compliance at USE, opened the event with welcome remarks, emphasizing the importance of empowering women through financial education and inclusion.

    Ms. Renita Nabisubi, Non-Executive Director at USE, delivered an insightful presentation on technological advancements at the Uganda Securities Exchange, explaining how technology can offer women more opportunities to invest their savings in instruments that generate returns. She expressed hope that the week would provide women with practical insights into raising capital for their businesses, encouraging participants to ask critical questions. She concluded by stating, “Together, we can build stable financial systems where everyone thrives.”

    The keynote speech by Ms. Josephine Okui Ossiya, CEO of CMA, centered around the event’s theme, which she described as speaking to the heart of finance. She emphasized the importance of leveraging technology to ensure financial inclusion and pointed out that financial inclusion is more than just a goal; it is a catalyst for social and economic transformation. For women in particular, this intersection of potential and opportunity can lead to profound impacts. She quoted, “Educate a woman to educate the nation,” underscoring the far-reaching effects of women’s empowerment in finance. She concluded with a call to action, urging women to reflect on how they can deliberately create the impact they wish to see as they invest in different spaces.

    The first panel discussion focused on empowering women investors, exploring strategies for investment opportunities, raising capital, and overcoming challenges. Some of the challenges highlighted included low income, which affects women’s ability to invest, the burden of black tax, limited learning opportunities for women to qualify for leadership roles, procrastination, and the tendency to be risk averse.

    The panelists shared practical strategies for raising capital, emphasizing the importance of formalizing businesses, structuring them in a way that allows operations to continue even in the absence of the founder, and positioning businesses effectively by being able to confidently speak about them. Above all, the panel stressed the need for women to be intentional in their business and investment endeavors.

    In terms of technology, the discussion underscored how advancements have made it easier for women to engage in financial transactions even without cash on hand, with mobile money serving as a prime example of how technology is transforming access to finance and enabling more women to participate in the economy.

    Another key session explored investment success stories, featuring women at various stages of life who have successfully navigated the capital markets. Moderated by Lyn Tukei, the panel included representatives from institutions such as Britam, SBG, UAP, and Sanlam. These women shared personal stories and experiences, offering practical insights on how technology has played a pivotal role in shaping their investment journeys. They highlighted how technology has transformed the way they approach investing, making it more accessible and efficient.

    The panelists also emphasized the importance of cultivating a habit of saving as a foundation for investment. They encouraged women to start small, be consistent, and embrace the power of compounding. They highlighted the value of seeking expert advice to gather all necessary information, using technology to conduct thorough research, and avoiding becoming an enemy of progress by sharing valuable information with others. Additionally, they stressed the importance of focusing on long-term investments for sustainable growth.

    The event concluded with remarks from Ms. Irene Birungi, CEO of the Presidential CEO Forum, who reflected on the discussions of the day and called for continued efforts to promote tech- enabled financial inclusion for all, particularly women. The breakfast provided an invaluable platform for networking, knowledge sharing, and fostering connections among women investors, professionals, and regulators, further strengthening the collective push towards inclusive financial markets.

    In conclusion, the discussions highlighted the critical role of women in the investment landscape, emphasizing the importance of combining legal expertise with business acumen. As professionals in the legal field, we have a unique opportunity to empower ourselves and others to navigate investment opportunities effectively. By fostering financial literacy and collaboration, we can drive meaningful change and create sustainable ventures that positively impact us and our communities.

  • Article 63: Building success through partnerships: The Power of teamwork in businesses.

    Partnerships and teamwork have always been the backbone of successful businesses. While some may opt to go at it alone, the most sustainable ventures often thrive because of collaborative efforts. Whether you are part of a small team or leading a large organization, the value of working together cannot be understated.

    Consider the journey of Amari Voyages Limited, a tour company in Uganda, started by three directors. Each of them brings a unique contribution to the table-finances, customer service skills, soft skills, and expertise. By sharing knowledge and combining these strengths, the company is able to grow and adapt to the ever-changing market. Similarly, Rama Hair Salon operates with two key people: one manages the finances while the other has the technical skills to meet customer needs. Together, they have built a balanced operation, where each partner’s expertise is crucial to the business’s day-to-day success.

    A similar story can be seen at Tara Vintage Store, a clothing shop run by two people, each responsible for sourcing stock. Their combined efforts create a shared vision for the business that would be difficult to achieve solo. These examples demonstrate that when individuals come together with different strengths and perspectives, they create a foundation for growth and longevity in their ventures.

    Teamwork is much like a group of people coming together in a community to clean up a park or build a community center. When everyone works towards a common goal, ideas flow freely, and the collective effort leads to remarkable outcomes. In business, teamwork does not just benefit the company as a whole, but also fosters individual growth. People learn from one another, share skills, and develop new strategies for problem-solving.

    Whether your team consists of two or three members or operates within a larger organization, the headcount is secondary to the contributions each person makes. This collaborative spirit allows businesses to function efficiently, with each part of the team playing a critical role. In essence, the strength of a business lies not only in its product or service but in the people working behind it. When they work together, the business runs smoothly and effectively, with each team member contributing equally to its success.

    Ultimately, the strength of a business comes from the unity and collaboration of its people. A partnership or team effort does not just help meet goals; it allows the business to thrive in ways that would be impossible alone. Whether it is a small venture like Amari Voyages Limited or a larger organization, partnerships are crucial. When people bring their unique strengths together, they build something that lasts longer and reaches further than they could have individually. In the end, the success of any business lies in how well its people work together toward a common vision.

    To conclude, I would like to express my heartfelt gratitude to the teams at Amari Voyages Limited, Rama Hair Saloon, and Tara Vintage Store. Together, we have accomplished so much and laid a strong foundation for what we will continue to build in the future. Our journey is a testament to the power of collaboration and shared vision, and I could not be prouder of all we have achieved. As an African proverb wisely reminds us, “If you want to go fast, go alone. If you want to go far, go together.” I encourage young entrepreneurs and dreamers to embrace the power of working together. Partnerships and teamwork are not just about reaching goals but about creating something greater than the sum of its parts, something that lasts. Success is not a solo endeavor-it is a collective effort, and through it, we can go further than we ever imagined.

    For more information kindly visit:

    https://amarivoyages.co.ug/
    https://amarivoyages.co.ug/

  • Article 62: SHEEO Leadership Bootcamp 2024: Empowering Female Entrepreneurs in Doha.

    The Young Lawyers Symposium 2024, held from May 27th to 28th 2024 at the Fairway Hotel, marked a significant event in the legal calendar, bringing together aspiring legal professionals and seasoned practitioners for an enriching exchange of ideas and experiences. This annual symposium, a cornerstone event for young lawyers, aims to foster professional growth, networking, and the continuous development of legal expertise.

    Justice Geoffrey Kirabwire, Justice of the Court of Appeal, started the symposium with an inspiring keynote address.

    Under the theme “Advocacy and Excellence in Court – A Judge’s Perspective,” Justice Kiryabwire emphasised the paramount importance of legal ethics. He advised young lawyers to focus on being proficient in the law rather than relying on personal connections within the judiciary. He further encouraged specialisation in specific areas of law and the need to adapt to the evolving legal landscape. As the Master of Ceremonies, I had the honour of facilitating the proceedings, ensuring a seamless flow of discussions and interactions. On the first day, participants enjoyed engaging dialogues and insightful exchanges.

    The second day featured a keynote speech by James Ssebugenyi, a Partner at S & L Advocates, titled “A Lawyer’s Toolbox – The Essentials of a Market Savvy Practitioner.” Mr. Ssebugenyi provided invaluable insights into the skills and tools necessary for young lawyers to thrive in a competitive market. He stressed the importance of being tech-savvy, staying abreast of legal technology trends, and being adaptable to changing legal landscapes and regulations. Ms. Deepa Verma, a Partner at Verma & Partners, shared her perspective on the importance of choosing the right partner for a law firm. She highlighted that the alignment of partners with the firm’s mission and values is crucial to its success.

    The symposium concluded with an engaging panel discussion on sustainable legal practice. Mr Maxim Mutabingwa of Mutabingwa & Co. Advocates emphasised the principles of honesty and integrity as the bedrock of a trustworthy legal profession. He urged young lawyers to uphold these values in their practice.

    A highlight of the symposium was a group photo featuring the president of the Uganda Law Society, the CEO, and other distinguished panelists alongside enthusiastic young lawyers. This image symbolises the unity and shared commitment to advancing the legal profession in Uganda.

    I extend my heartfelt gratitude to everyone who contributed to the success of the symposium, including the organisers and all attendees. I look forward to more enriching experiences and invite everyone to be a part of this journey.

    For more information, kindly visit:

    https://uls.or.ug/
    Guest of Honour, First lady of Iceland delivering her speech

    Written by Adv. Brownie Ebal

    Edited by Kasi Editorial Services

    The Female Founders Initiative Global (FFIG), a nonprofit organization dedicated to economically empowering women worldwide, organized the transformative SHEEO Leadership Bootcamp in Doha, Qatar. This three-day event, held from May 9th to 11th 2024, was designed to equip female founders with the skills, resources, and opportunities necessary to excel in global markets.

    The boot camp offered an immersive experience with a dynamic array of activities. From engaging workshops and insightful panel discussions to interactive sessions and peer-to-peer mentoring, participants, myself included, gained exposure to a wealth of expertise and practical insights. These activities aimed to enhance our leadership skills and equip us with innovative entrepreneurial strategies.

    Guest of Honour with the 50 under 50 awardees

    5 Key takeaways from the leadership boot camp included:

    1.     Ensure you invest in your executive presence. Know how to dress, walk and talk. Be emotionally intelligent so you can learn when to say certain issues. Timing is key in getting what you want. First impressions matter and you are judged by your appearance 55% of the time.

    2.     For one to run a successful business, you need to set up systems in place and delegate tasks. Ensure you set boundaries with your employees to safe guard your ethics. As CEOs/ founders, your set boundaries will determine how people will treat you.

    3.     The skills you used to start your business are not the same skills needed to sustain it and grow it. For a business to grow, you need to have accurate records and you can only be sure of your finances by constantly engaging with the accounting team.

    4.     For your business to grow, you need to network endlessly. You are the Chief Marketing Officer of your business. Keep investing in your business and marketing it daily.

    5.     No one starts a business to remain a start-up forever, therefore if you are not growing, you need to do deep introspection and change how you are running your business.

    I enjoyed the Gala dinner, a prestigious event featuring the First Lady of Iceland, Eliza Reed, as the Guest of Honour.  She highlighted on the need for women leaders to create their own opportunities, she said:

    “When you are not invited to the table, create your own. Be so loud that they cannot ignore you.”

    This Gala dinner celebrated the achievements of female leaders and provided an excellent opportunity to network with key figures in female entrepreneurship.  As part of team building, we had the chance to partake in a desert safari with the First Lady of Iceland  and other attendees. This unique experience provided a relaxed setting for us to connect and share our insights, further enriching the bootcamp experience.

    The SHEEO Leadership Bootcamp was a prestigious gathering that highlighted key leadership figures and provided unparalleled networking opportunities with prominent individuals in the field of female entrepreneurship. It underscored Female Future Initiative Global’s commitment to empowering women and fostering a global community of transformative female leaders.

    For further information about FFIG, kindly visit their website:

    https://www.femalefoundersinitiative.com/

    Coach Majorie, the first lady of Ireland and Adv. Brownie Ebal at the desert safari
    President Rosheen delivering her speech at the Gala dinner.

  • Article 61: Young Lawyers Symposium 2024: A Convergence of Knowledge and Inspiration.

    The Young Lawyers Symposium 2024, held from May 27th to 28th 2024 at the Fairway Hotel, marked a significant event in the legal calendar, bringing together aspiring legal professionals and seasoned practitioners for an enriching exchange of ideas and experiences. This annual symposium, a cornerstone event for young lawyers, aims to foster professional growth, networking, and the continuous development of legal expertise.

    Justice Geoffrey Kirabwire, Justice of the Court of Appeal, started the symposium with an inspiring keynote address.

    Under the theme “Advocacy and Excellence in Court – A Judge’s Perspective,” Justice Kiryabwire emphasised the paramount importance of legal ethics. He advised young lawyers to focus on being proficient in the law rather than relying on personal connections within the judiciary. He further encouraged specialisation in specific areas of law and the need to adapt to the evolving legal landscape. As the Master of Ceremonies, I had the honour of facilitating the proceedings, ensuring a seamless flow of discussions and interactions. On the first day, participants enjoyed engaging dialogues and insightful exchanges.

    The second day featured a keynote speech by James Ssebugenyi, a Partner at S & L Advocates, titled “A Lawyer’s Toolbox – The Essentials of a Market Savvy Practitioner.” Mr. Ssebugenyi provided invaluable insights into the skills and tools necessary for young lawyers to thrive in a competitive market. He stressed the importance of being tech-savvy, staying abreast of legal technology trends, and being adaptable to changing legal landscapes and regulations. Ms. Deepa Verma, a Partner at Verma & Partners, shared her perspective on the importance of choosing the right partner for a law firm. She highlighted that the alignment of partners with the firm’s mission and values is crucial to its success.

    The symposium concluded with an engaging panel discussion on sustainable legal practice. Mr Maxim Mutabingwa of Mutabingwa & Co. Advocates emphasised the principles of honesty and integrity as the bedrock of a trustworthy legal profession. He urged young lawyers to uphold these values in their practice.

    A highlight of the symposium was a group photo featuring the president of the Uganda Law Society, the CEO, and other distinguished panelists alongside enthusiastic young lawyers. This image symbolises the unity and shared commitment to advancing the legal profession in Uganda.

    I extend my heartfelt gratitude to everyone who contributed to the success of the symposium, including the organisers and all attendees. I look forward to more enriching experiences and invite everyone to be a part of this journey.

    For more information, kindly visit:

    https://uls.or.ug/