Skip to main content

CONGRATULATIONS ON YOUR GRADUATION, ITS NOW TIME TO WORK….


Thousands of students will be graduating from their respective universities in coming days and months.


Makerere, our country’s oldest university will kick off its ceremonies on January 15th and the other universities will follow.

The graduates have already had a taste of the real life, having finished their studies mid last year and tried to get employed.

Many know by now that the world can be harsh and unforgiving. I hope many are tightening their belts in readiness for the struggle ahead. Some may have decided to kick the tin down the road bycontinuing with school. And others may have given up altogether.

My prayer is that there are more of the first and less of the last kind.

In talking to young people, I find that what is needed is a reorientation of their minds – a mindset change. Let me share with you certain facts to help manage their expectations of the world and how they can fulfil their potential in our context.

First of all, the world owes you nothing. It was here before you. It has seen more brilliant or hopeless people than you are, right now. It can very well do without you.

Harsh? Yes! But it’s a truth we need to internalise. You might be the hottest kid in your class, in the country. Regardless, you are entering a stage in life where practical results are everything regardless of what you did at school.

All you have learnt at school will be turned this way and that, revised or even rejected by the real world.

Think of it as a reset.

Regardless of what course you have done, the biggest skill you must make sure you leave the university with, is the ability to learn and to learn continuously.

This is important, even critical and will be the difference between whether you survive or not, or better still, whether you thrive in the years ahead of you.

The world is changing at a faster and faster pace and to keep up or stay one step ahead of these changes, your ability to learn continuously will hold you in good stead.

As a businessman who has started from the ground, I have had to learn to grow from selling sugar as a teenager to currently overseeing businesses that range from retail outlets to power generation plants to hotels to real estate developments.

They say the knowledge that has gotten you to where you are is not the same knowledge that will take you to the next level.

And I am not talking about upgrading your academic credentials only.

You need to set upon an independent program of learning about the world around you -- how it came to be the way it is and where it is going. This self-initiated quest for knowledge will come by reading
books, exploring the internet and through regular interaction with mentors.

The world demands that you become an insatiable knowledge sponge.

If this is the only thing you take away from this, my work will have been done.

As a final thought, you are young the world is literally at your feet.

You have the advantage of time. Use it well, make every day count. One important thing you will need to learn is financial literacy. This will not only help you spend your money wisely but will eventually lead to having your money work for you, which is the ultimate goal of financial literacy.

In this regard I urge you to Google -compounding, which Albert Einstein called the eighth wonder of the world. Put very basically it is building on what you have, be it knowledge or relationships ormoney. Whether you will be financially secure in your older years will depend on whether compounding works for you or against you.

One of the smartest things you can do for your future well-being is to understand and employ compounding to your benefit. The sooner you start the better.

And my very last word is that you are lucky to be alive and well, in this country, at this time. The potential of this country is largely unexploited, which means that you will be getting in at the ground floor of whatever you do. Don’t be distracted by tales of how moving to this country or the other will be better for you. The action is all here.

There is a price to pay to unlock this potential. Bucketful’s of sweat and copious amounts of faith will be needed. From my experience I can promise you that if you stick the course there will be a pot of
gold at the end of the rainbow.

Congratulations to our graduates. Celebrate your success. But not for too long, because there is work to be done.

Comments

Popular posts from this blog

BEWARE OF THE CON MAN

I read with a mixture of horror and sympathy for the victims of the latest Ponzi scheme gone bad in town. Last week a company, Global Cryptocurrencies Ltd, collapsed and along with it went billions of shillings, by police estimates, of their clients’ money. The company working out of an obscure office on Namirembe road, managed to rope in all manner of clients with the promise of magical returns – 40% a week! I have been in business for most of my life, if I could be guaranteed 40% week I would sell everything I own and jump in with both feet. Or maybe not. And this is why. They say if anything is too good to be true, it is. If you can get an annual return of 40% on your investment you will be doing extremely well. So if you put in a million shillings in your business and walk away at the end of the year with sh400,000 after taxes you have found a good thing, and I would like to be your friend. I have seen my share of scam artists and con men. Below are my fast an

GIVE OUR TRAFFIC POLICE A CHANCE

Last week during an investor interaction   Kampala Capital City Authority (KCCA) officials called on police to stop overriding traffic lights while directing traffic. KCCA argues that the traffic lights are large investment and it makes no sense for police to countermand them. In a classic case of “The importance of the river was not known till it dried up” on Friday the traffic police desisted from directing cars at the traffic lights leading to the worst traffic snarl-up in the city’s history. People were stuck in traffic jams around the city for hours and long into the night. Maybe it was the unhappy coincidence of the traditional Friday traffic and pre-Christmas excitement but without the traffic police directing traffic it was a mess. They made their point. It of course points to the bigger issue of a revamping of Kampala’s road network, which has remained   largely the same since independence but with an exponential increase in cars in the last three decades.

LOCAL CONTENT IS NOT A DONE DEAL, WE NEED TO DO MORE

This year’s “Oil & Gas Convention & Regional Logistics Expo2017” has just concluded after three days of discussion, exploration and soul searching. First oil in Uganda is expected by 2020 and this Expo among other efforts are targeted at getting our local businessmen ready to take advantage of this historical development. At the risk of sounding like a broken record, the discovery and eventual exploitation of our oil resource is one of those once in a generation events, that can transform this nation, not only on a macro level but also in our individual lives. For starters at least $20b will be spent over the next three years in infrastructure development and other things that will ensure we are ready to pipe and refine our oil. During the exploration phase about $3b was spent by the international oil companies, with on three in every ten dollars being retained here. That was an exploration phase and one hopes that we have learnt enough from that period to

REAL ESTATE DEVELOPMENT CAN BE KEY IN OUR TRANSFORMATION

I have been around long enough to see real estate development, or maldevelopment, lead to the sprawl that is Kampala today. From atop the Skyz Hotel in Naguru, one can see as far as Mukono to the east, Entebbe to the South and Bombo to the north. At night the lights from traffic, streetlights and from residences makes it a sight to behold. But we were here in 1986 when Kampala’s outer limits were Kibuye roundabout, Rubaga, Wandegeya, Ntinda and Nakawa. The NRM did the smart thing and removed restrictions – rent controls, on real estate and spawned a real estate boom that has led to the dramatic expansion of the capital city’s boundaries to what they are today. During the same period the government’s National Housing & Construction Company (NHCC) has not kept pace with private developers, be they individuals or companies developing a few dozen units. "Official statistics suggest that there is a 550,000 deficit of acceptable quality housing in Uganda of

OUR HISTORICAL SITES SHOULD NOT GO UNATTENDED TO

Recently I was at Makerere University to attend a wedding ceremony. I hadn’t been on the university’s grounds in a while. I was shocked at how run down Mary Stuart and Lumumba Halls were. They are in need of serious work. These thoughts were reawakened with the recent launch of the coffee table book “Beyond the Reeds and Bricks” promoted by the tourism ministry, the cross cultural foundation of Uganda and the European Union Delegation. The book which is aimed at the protection of historical sites and buildings in Kampala, Entebbe and Jinja, is a moving collection of pictures of buildings and sites we know, but probably take for granted when we pass them as we go about our business. "Entebe za Mugula in Entebbe, Mackay’s Cave, the post office in Entebbe, the Stanbic Bank Branch in Jinja, Hamu Mukasa’s house in Mengo, the main building at Makerere , the Bahai Temple, Kibuli mosque and many other sites have pride of place among the 60 pictures in this book, which is

ARE WE HELPLESS TO DO ANYTHING ABOUT THE CARNAGE ON OUR ROADS?

Recently there was a horrific crash between a passenger bus and sand laden Isuzu truck on the Masaka-Kampala highway. To look at the pictures of the aftermath it is a miracle that only two were killed and 20 injured in the accident, which it is reported was a head-on collision between the two vehicles. We don’t go a week without news of a major accident on our trunk roads. I suspect that a combination of poorly maintained vehicles, improperly trained or inexperienced drivers, driving at break neck speeds are to blame. "A few months ago, there was a suggestion that the new paved roads were not properly designed and therefore causing the accidents, but I think that is a case of poor workmen blaming their tools.... If one was to buy this argument, what about the argument that we had fewer accidents when our roads were pot holed and it would take whole days travelling journeys that now take a few hours? So, we should we go back to our potholed roads? "Accord