The year 2013 had its ups and downs. I would say it was a really tough , but well lived and survived year for many. It is now history but will fondly remain in the memories of the Ugandan business fraternity for it robbed us  of one of the greatest entrepreneur, industrialist and businessman of all time Dr. James Mulwana (RIP). Nonetheless, his legacy will live for years given the fact that the businesses he left did not die with him as it has been and is still the norm with many Ugandan businesses.

At least for now, his businesses are still up and running professionally thanks for his braveness in involving his wife and children in the day to day running of his business empire. The chain of successful businesses he built includes Nice House of Plastics, Uganda Batteries Limited, Nsimbe Estates Limited, Jesa Dairy Farm, as well as Jesa Investments Limited a commercial propertyTadewwo-2 development  entity. Mulwana’s businesses are still competitive and continue to win various awards.

May his soul Rest in Eternal Peace. A way from Mulwana tribute, the New Year 2014 is here and it comes with fresh opportunities as well as challenges. How prepared you are as an individual, family, company/ institution to capture these opportunities and handle the challenges will greatly determine your financial success in 2014. Notably, as the Ugandan economy continues to recover from the 2011-2012 crisis, it’s not yet party time as experts warn of an impending inflation from 2016 election fever.

We’ll also still need prayers that the weather is favourable to boost agricultural production and that external factors too are favourable in order to have a better 2014. For  Bank of Uganda, nothing is expected but to keep inflation within its targets of 5%. But to achieve this, all economic and political units must remain focused and productive.

Once inflation is contained, business and economic growth will be assured. Given the continued signs of recovery, it is an opportunity for both local and international investors to invest in Uganda. The various  investment opportunities worth investing in are well covered in this very edition. We at The CEO Magazine, we say, a happy, fruitful and prosperous 2014 to you all our esteemed readers, advertisers and partners.

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