Tag Archives: business

Only the Senseless can abuse Kabushenga


Any one that has left the comfort of their urban dwellings and gone to their rural settings to effect any form of society betterment has always faced suspicion largely emanating from the established thinkers in the villages. They start off with rumor mills about how you want to stand for a Parliamentary position. Everywhere you pass, they make statements like; How can he come to spend money and time here without expecting anything from us? Before you know it, the established politicians start fighting imaginary wars with you and on and on.

Lately, Mr. Robert Kabushenga’s outbursts over the economic situation are being perceived with negativity by the very people who should be buoying him forward. You will forgive me but I might use some fairly strong language just to fully express my disgust.

The man came out to fight the planned Coffee Monopoly, he has been prominently sharing his challenges as he ventures into the business world, he is now also eloquently dissecting the awful economic situation we are in and all I read on Social Media are the usual I Know it All dimwits criticising him.

Despite claiming to be elite, how different are they from the rural folk I talked about at the start? A section of people seem to think they are the custodians of poverty, brokeness and the like and expect no one else to associate with it.

Some of the sentiments I have come across:

– How does he earn 37 Million per month for 14 years and he claims to be broke?
– Kabushenga wants to come out so Museveni can give him a job
– He used to be a very proud man while at the New Vision
– Is he really broke or he is just trying to talk for the poor?

At this juncture, I urge you to listen to the song BanaKampala Nga Boogera by Alex Mukulu. It is on Youtube just in case you don’t have it.

The fact that many are reacting to his outbursts clearly shows that the message he is putting across is sinking in effectively.

For long, many have talked about the downturn in the economic activity and as usual they were relegated to having interests in the country’s leadership. Now here comes someone whose experience in communication is worthy of global appeal, instead of latching onto him and using him as the voice for the voiceless, we want to use his background of privilege to gloss over his efforts. I would love to know the witchdoctor’s portion they drank.

I am very certain most of those trashing his effort have never even successfully run a roadside vegetable stall but they speak like they know it all.

Kabushenga earned good money. True!!! Did he waste it? As far as I know, NO!!!! He is not a fool, his upbringing was good enough to prepare him for the lean times. Many only got to know him when he reached the helm of The New Vision. I clearly recall him driving a Corsa at the time he was heading the media house and only much later, did I see him in a Prado. So, do not think he wasted money like the way some of you are doing thinking you will be employed forever. His coffee investment is testimony enough.

Being broke is relative but it still remains brokeness just like being rich is relative too. A person with 50 million Shillings will perceive himself as rich so is another of 5 Billion Shillings. The same applies to being broke. To one, being broke is failure to get food to eat, another, failure to pay rent or school fees, another, failure to travel by air to Nairobi, or even buy a bottle of Chivas Regal XV (don’t ask me how I know this one).

Then there are the claims of him wanting to appeal to the eye of the President. This too is nonsense. Does it waterdown his arguments about our plight? If he ends up being called closer to Entebbe so be it. He will have done his part already as far as highlighting what is making lives miserable at the bottom of the pyramid.

On Twitter, I came across a veiled message that even a 10 year old can tell who it was in reference to. This eminent Professor is someone I got to know and interact with since around 2005. I feel letdown by the way his reasoning seems to be degenerating progressively. To quote:
What goes around comes around. A CEO lived large & during COVID-19 cut salaries of other staff & was axed. Now is into growing tomatoes. She is now a champion of we are broke, we can’t afford life. Really? I have watched her on TV & read her posts on twitter. Come [calm] down, it will be well

Without doubt, this eminent professor was referring to Kabushenga. Why choose to dwell on someone’s job as opposed to the issue at hand?

People are broke. Does he want to only see people in tattered clothes complaining about the hard times? By the way, serious brains can sense trouble from far off. People like Kabushenga are not going to wait for the inevitable to happen before they make an effort to take corrective action.

There was a time when a rich person was called Khashoggi and it was from the fact that the richest man at that time of the 70s was Adnan Khashoggi (Sorry for those of you who were sperms at that time, modern day lifestyles have made you very ignorant of many things). When he divorced his wife Soraya Khashoggi, she walked away with loads of cash and I mean mind boggling sums. Today, a woman that had access to 17 mansions she called home, lives in a 400 pound dingy residence somewhere in London.

I now ask, do you want Kabushenga to get to that point before he can be deemed fit to fight for the cause of impoverishment?

For you that is pointing that finger at Kabushenga, remember the three fingers pointing back at you are reminding you that you are destined where he is.

The crux of the matter is that the Government needs to do something to address the economic hardships that have come up. The rate of return on investment is very low for those into legit business and I mean, paying all relevant taxes, meeting salary expectations of workers among other things. Operating on a bank loan is currently suicidal and without access to such capital, company growth slows down naturally.

This brother of ours in case you did not know used most of his 37 Million Shs monthly income to set up a now Multi Billion coffee farm that still needs more to get where he wants it to be. A slow economy is only going to kill his plans.

Once I was with a colleague that runs a Recruitment firm. A call came through and the person on the other end was someone who had lost their job in a well publicised corporate battle. The boss took the day. However, this person was sounding so desperate yet the salary bracket they enjoyed was phenomenal. This individual went ahead to mention three other colleagues (all high profile) that were in the same boat.

What does this mean, Kabushenga is not in a unique spot. What he is going through or has gone through is a baptism of fire that many forced to leave the corporate world go through.

You too, it’s a matter of time before you get to know the cost of newspapers, airtime, data, fuel or medical treatment. You’re being pampered like a teletubby perhaps but as sure as night follows day, you will cross to the other side of the river and start singing a new song.

Allow the learned man, Counsel Robert Kabushenga to be.

James Wire
Twitter @wirejames
wirejames.com

Financial Literacy crucial for Children


I will never forget the time when still in primary school my elder brother told dad that he wanted to wash the cars of the neighbors as a way of earning some money. To say that Dad’s response was negative is an understatement. These were the early 80s and in most families, the notion was that exposure to money would spoil a child. All a child had to do was to read hard, pass and start earning money after university. Huh!!!

Then came the time we finished school and had to fend for ourselves. I am sure even you reading this has done some really nasty mistakes with your finances when you begun earning. Mistakes that make you suspect that you were probably facing a moment of temporary insanity. Things that should be simple like budgeting and saving sound like Greek to many adults out there. The problem boils down to Financial illiteracy/literacy.

Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. (Wikipedia)

The habits of children around money are set by 7 years of age according to Researchers David Whitebread and Sue Bingham of the University of Cambridge. What does this mean? Parents have to get an early start teaching the children concepts like thriftiness (carefulness, restraint, caution) and delayed gratification.

To avoid a repeat of what we went through trying to become financially literate, we need to put alot of effort in the young children we are raising. Below, I share with you some of the foundational skills they need, you could add onto these;

Responsibility. A child should be able to take on certain duties in the home like mopping their bedroom, washing clothes, cleaning the table, washing plates, clearing the compound among others. This has a linkage with the level of responsibility they are likely to show with their finances.

Spending Decisions. Allowing children to make simple decisions in this regard while scaling them up as they grow will reduce on your need to decide for them when grown up. Financial decisions are some of the most impactful decisions in our lives.

How to Spend. One of the first lessons I teach my children below 6 years is the identification of money. They should be able to identify currency as well as differentiate the denominations. This is followed by them understanding the meaning of Expensive and Cheap.

What is Money and How do we get it. We take things for granted that people must know what money is, however it is crucial that the children get to know what it is and it’s characteristics, top of which is that it is a finite resource. It will not always be there at your disposal. This goes hand in hand with helping them learn how we get money. There are various activities in the home that you could engage them in and pay for their labor in return. It could be washing the carpets of the car, looking after the chicken, compound sweeping or even engaging in a home business.

Delayed Gratification. This is the ability to postpone an immediate gain in favor of greater and later reward. Often times, parents make the mistake of dashing to meet the demands of their children just to make them happy. However, it is important for the children also to appreciate that good things come to those who wait.
When our son was in Primary Three, eight years old, he wanted we the parents to buy him a bicycle. Indeed it was a good thing to get it for him. While we could afford it, we sat him down and told him to consider buying it himself. After thinking through, he came up with the idea of saving his school break time money and that is when we gave him a target to raise at least 50% of the cost of the bicycle and we would top up the remainder. The young man got so determined that he saved and within three months was able to acquire his bicycle. Ever since, he never bothers to ask us for money when he wants to buy something.

Responsibility for Money. A child should be able to know how much money they have spent, earned, are planning to use for future needs among other things. This takes us back to the element of responsibility we talked about earlier. They basically learn how to be accountable.

Saving. This is one element that lacks in many African settings and is taking root in the developed world through the credit driven lifestyle being promoted. Saving money is a precursor to investment. The earlier a child gets to learn how to save implies that the earlier one can introduce them to the concept of multiplying their money (investment). There are times when my son lends me money and even asks for interest. He is so strict that he even keeps records.

Banking. The older they get, introduce them to banking. Help them get a bank account that they can manage and use to save and spend the money they own. This should be an upgrade from the use of the savings box at home.

Wants and Needs. Get them to understand the difference between Wants and Needs. A need is something that is very vital for your very existence or well being like a house, clothing, transport, school fees etc while a want is something that is unnecessary but desired like having Pay TV subscription, Purchasing sweets or ice cream among others. The clear list of needs and wants is determined by numerous factors among which social status and economic positioning come into play.

These are just some of the skills crucial for imparting in the young ones to help ready them for a whole life ahead dictated by finances and making financial decisions. What, do you add onto this list?

James Wire
Business and Technology Consultant
Twitter:
@wirejames
Blog: https://wirejames.com
TikTok: https://www.tiktok.com/@wirejames/