Last week, the International Swaps and Derivatives Association (ISDA) launched the ISDA 2020 interbank offering rates (IBORs) protocol (the protocol), which is designed to assist derivative market participants with their IBOR plans. For purposes of context, IBORS are reference rates/benchmarks used in financial transactions to determine amounts payable by the parties to those financial transactions,...Read More
Internet Image Recently, the Commercial Court of Uganda in the case of Ham Enterprises Limited & 2 Others vs Diamond Trust Bank (Uganda) Limited & Another, Miscellaneous Application No. 654 of 2020 (the Ruling) held that a foreign bank must obtain a license/approval from the Bank of Uganda (the Ugandan Central Bank) prior to directly...Read More
The world woke up to news of the death of American jurist and associate Justice of the US Supreme Court, Ruth Bader Ginsburg on Friday, 18th September 2020. She had been battling a recurrence of pancreatic cancer. She was 87 at the time of her demise, but according to medical advice, the strong treatment (chemotherapy)...Read More
“Resilience is not a characteristic gifted to some individuals and not others. The key here is that resilience is not a passive quality, but an active process. How we approach life, and everything it can throw at us, has a massive impact on our experience.” Barry Winbolt It is now July 2020, and most economies...Read More
Post-COVID19 opportunities. Image Source: Google Images “The future is already here- it’s just not very evenly distributed.” William Gibson We are in the middle of a global pandemic at the moment, probably the biggest crisis of our time in terms of both magnitude and impact. The entire global village is under lockdown, and we have...Read More
Silver Kayondo at Volkswagen Two weeks ago, I visited Volkswagen’s “Transparent Factory” in Dresden, an 800-year city in east of Germany famous for its arts and craftsmanship. The factory is named so because it is made of transparent glass for the public to see what is happening inside- hence embodying the concept of “open innovation”....Read More
Last week, I was in the German cities of Berlin and Dresden interacting with innovators, incubation hubs, accelerators, professionals, policy makers, corporate entities and private sector bodies such as the German-Africa Business Association, the Mittelstand Alliance Africa and the German Startups Association. The visit and dialogues were coordinated by the Konrad Adenauer Stiftung, a German...Read More
At the time of writing this article, I am seated at “The Innovation Village” in Kampala after just having a conversation with Vusi Thembekwayo, an acclaimed business mogul, global speaker and venture capitalist. A son of the African soil, Vusi is the CEO of MyGrowthFund, an African focused venture capital fund. The nuance of his...Read More
At the time of writing this blog, I am at the GSMA Africa Mobile360 conference being held at the Kigali Convention Centre in Rwanda. It has been a very busy day of intense activity and conversations on matters relating to “the Rise of the Digital Citizen”- persons utilizing connected technology platforms, devices, networks and systems...Read More
A few weeks ago, the Uganda Stock Exchange (USE) confirmed it had received formal approval from the regulatory body, the Capital Markets Authority (CMA) to operate a demutualised stock exchange. This means that the ownership of the Exchange has been separated from the trading rights of its members, the stock brokers. The shareholding in the...Read More
