Mumba Kenneth Kalifungwa is the Managing Director at Absa Bank Uganda. He is a Chartered Accountant with over 20 years of experience in both the private and public sectors across the African continent. He is passionate about growing talented leaders and achieving results.
Take care of your health and/or invest in insurance. If the pandemic has taught us anything, it’s that your entire savings and investments (your life’s work) can be wiped out by a single medical emergency. Diversify your savings and investments. This presents some shields against the depletion of savings or business losses in one option and the disillusionment that comes with it. There are various options available beyond keeping your money in a single savings account. Look out for unit trusts, voluntary pension funds and the like. Learn to manage inherited wealth. Inheriting property, stocks, cash etc. doesn’t mean you…
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For many of us, 2022 seemed like the year we had been hoping for. We were going to put the pandemic behind us and find some sort of return to normalcy. Unfortunately, if the past two to three years have taught us anything, it is that we must be highly adaptable to volatility and uncertainty. According to data from the Ministry of Finance, the Ugandan economy grew by 4.7% in 2022, while both the Purchase Managers Index (PMI) and Business Tendency Index remained above the 50-mark threshold signalling optimism and improvement in economic conditions. On the supply side, services and…
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