'In life, very few things really matter..'
Uganda
Joined May 2012
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Politics without principles
Wealth without work
Pleasure without conscience
Knowledge without character
Commerce without morality
Science without humanity
Worship without sacrifice
Mahatma Ghandi
the Real Uganda 🇺🇬 commercial community!
this is the price-level economics. matters the most.
all else is speculation!
salut to our resilient entrepreneurs!
Daudi I. Wangolo retweeted
In 1996, refining earned 6–8% on capital. The cost of capital? 12%.
By conventional financial logic, you don't build a refinery.
Reliance built Jamnagar anyway.
Today, it is the world's largest single-site refining complex.
But the real achievement wasn't scale. It was rewriting the economics of refining.
Three decisions made the difference:
→ Capital efficiency: Built in ~36 months, at a reported 30–50% lower capital cost than comparable projects.
→ Feedstock flexibility: Engineered to process difficult, discounted crude. Over 240 crude grades processed.
→ Vertical integration: Turning crude into fuels, petrochemicals and polyester, capturing value across the chain.
The payoff? At Jamnagar's scale, every additional $1 per barrel in gross refining margin represents ~$500 million annually at full utilisation.
Scale multiplies good economics. It never repairs bad ones.
In 2017, reflecting on the ambition of young Indians, Mukesh Ambani remarked:
"If I had the same infectious enthusiasm that this generation has, Reliance would be ten times bigger."
That captures something profound about his vision: the belief that the next generation can build far beyond what already exists.
The question for India's next generation of entrepreneurs isn't:
How big can we build?
It's what can we build today whose advantages will keep compounding for decades?
My latest article explores The Jamnagar Playbook and the strategy behind one of India's greatest industrial achievements.
#IndustrialStrategy #Reliance #Entrepreneurship #MukeshAmbani #Reliance
The Jamnagar Playbook: How Reliance Rewrote the Economics of Refining linkedin.com/pulse/jamnagar-… via @LinkedIn
Ominous! Bon allez!
I have just informed my colleagues that I will step down as @ECB President on 7 February 2027.
It has been a source of great pride to serve this institution.
I thank all of those who have supported me on this journey over the past seven years.
the pay out is #1 in a million!
88% of VC-backed founders get $0 at exit.
Wharton + Zurich study of 157k startups and 248k founders (1987–2025).
Not “most startups fail.” Even when the company exits, liquidation preferences and founder churn wipe people out. Top 1% take 79% of everything.
The equity lottery is rigged harder than people admit.
a war not worth fighting! it's all a speculative move at the moment!
Uganda is tapping its nearly $7 billion in reserves to lessen the blow of a plunging shilling, which is the world’s second-worst-performing currency this month after Iraq’s dinar. bloomberg.com/news/articles/…
Uganda is at the frontier of case management regarding Ebola, the funding remains trapped in 'soundbites' and committee pronouncements
@WHO
African countries affected by the 2026 Ebola outbreak
1. 🇨🇩 DR Congo: 9,704 cases, 4,687 deaths
2. 🇺🇬 Uganda: 20 cases, 2 deaths
3. 🇰🇪 Kenya: 9 cases, 2 deaths
4. 🇳🇬 Nigeria: 1 case
Uganda successfully contained its outbreak and was declared Ebola-free in August. DR Congo remains the epicentre, while Kenya and Nigeria have reported imported infections.
Source: WHO / Africa CDC, October 2026.
designing for economies that thrive in this setting
the whole modernist/urban craze is a competitive disadvantage
🌍 20 Least urbanized countries in Africa (2026) — Village Life Dominates
•🇲🇼 Malawi — 17.6%
•🇳🇪Niger — 18.4%
•🇸🇸South Sudan — 21.7%
•🇪🇹Ethiopia — 24.1%
•🇧🇮Burundi — 25.7%
•🇸🇿Eswatini — 26.7%
•🇹🇩Chad — 27.6%
•🇧🇫Burkina Faso — 28.9%
•🇷🇼Rwanda — 30.9%
•🇺🇬Uganda — 31.9%
•🇲🇱Mali — 32.2%
•🇰🇪Kenya — 32.2%
•🇲🇬Madagascar — 32.9%
•🇰🇲Comoros — 33.9%
•🇪🇷Eritrea — 34.5%
•🇸🇩Sudan — 34.9%
•🇹🇿Tanzania — 36.9%
•🇲🇿Mozambique — 37.2%
•🇬🇳Guinea — 38.5%
•🇲🇺Mauritius — 39.0%
Source: (WorldStats / World Bank)
Daudi I. Wangolo retweeted
🌍 20 Least urbanized countries in Africa (2026) — Village Life Dominates
•🇲🇼 Malawi — 17.6%
•🇳🇪Niger — 18.4%
•🇸🇸South Sudan — 21.7%
•🇪🇹Ethiopia — 24.1%
•🇧🇮Burundi — 25.7%
•🇸🇿Eswatini — 26.7%
•🇹🇩Chad — 27.6%
•🇧🇫Burkina Faso — 28.9%
•🇷🇼Rwanda — 30.9%
•🇺🇬Uganda — 31.9%
•🇲🇱Mali — 32.2%
•🇰🇪Kenya — 32.2%
•🇲🇬Madagascar — 32.9%
•🇰🇲Comoros — 33.9%
•🇪🇷Eritrea — 34.5%
•🇸🇩Sudan — 34.9%
•🇹🇿Tanzania — 36.9%
•🇲🇿Mozambique — 37.2%
•🇬🇳Guinea — 38.5%
•🇲🇺Mauritius — 39.0%
Source: (WorldStats / World Bank)
of consequence: 1) Winston Churchill, 2) Margaret Thatcher; 3)Tony Blair; 4) Gordon Brown
Last 20 Prime Ministers of the United Kingdom 🇬🇧
1. 🇬🇧 Winston Churchill (1940–1945)
2. 🇬🇧 Clement Attlee (1945–1951)
3. 🇬🇧 Winston Churchill (1951–1955)
4. 🇬🇧 Anthony Eden (1955–1957)
5. 🇬🇧 Harold Macmillan (1957–1963)
6. 🇬🇧 Alec Douglas-Home (1963–1964)
7. 🇬🇧 Harold Wilson (1964–1970)
8. 🇬🇧 Edward Heath (1970–1974)
9. 🇬🇧 Harold Wilson (1974–1976)
10. 🇬🇧 James Callaghan (1976–1979)
11. 🇬🇧 Margaret Thatcher (1979–1990)
12. 🇬🇧 John Major (1990–1997)
13. 🇬🇧 Tony Blair (1997–2007)
14. 🇬🇧 Gordon Brown (2007–2010)
15. 🇬🇧 David Cameron (2010–2016)
16. 🇬🇧 Theresa May (2016–2019)
17. 🇬🇧 Boris Johnson (2019–2022)
18. 🇬🇧 Liz Truss (2022)
19. 🇬🇧 Rishi Sunak (2022–2024)
20. 🇬🇧 Keir Starmer (2024–Present)
📊 Source: Wikipedia.
I am waiting for this to boil over!
more pros than cons for the deal, in my opinion
the Kenyan 'activist-legalistic psyce' will not agree!
Did State Corporations buy shares in Kenya Pipeline IPO to hold them for Aliko Dangote? If this is proven directly or through circumstantial evidence, it will violate every applicable provision of the Constitution, Statutes & established law. State institutions cannot be proxies for individuals. As over Kshs. 42B of public money was involved, Kenyans deserve the whole truth. In the US, the judicial system has developed the law called “facading”, where companies & its Directors are held criminally liable for financial engineering & manipulating the capital markets.
the real dragon 🐉 in the room for debt sustainability in Africa is the sovereign debt sustainability! the adverse effects:
1. fx scarcity to address import (fuel especially) dependence
2. imported inflation
3. scarcity or no private sector credit
#ART @WorldBankGroup #INSOL
well - the second order effects don't delay!
actions = consequences
oh, Uganda 🇺🇬
US places 11 African countries on highest Level 4 'Do Not Travel' advisory list amid rising security threats africa.businessinsider.com/l…
