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Louis N. Kizito Profile
Louis N. Kizito

@LouisNkizito

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3,111
Following
706
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1,594
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5,739

Lawyer»finance»emerging trends»Need I say More

Kampala, Uganda
Joined June 2018
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@LouisNkizito
Louis N. Kizito
9 months
On Thursday, I discussed the legal issues in the Government bond/Securities market at @BOU_Official on #NbsMorningbreeze . A lot needs to be changed. @mildredtuhaise @nbstv @CmaUganda
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@LouisNkizito
Louis N. Kizito
2 years
In Uganda, we nolonger have journalists but "public relations" (PR) agents for the highest biders who can pay the highest price to make these PR agents to drive a certain narrative in mainstream media! This is my observation!
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@LouisNkizito
Louis N. Kizito
3 years
Join me this week on Monday 8:30am on @smart24tv as I enlightening the public about the IMF printed money called Special drawing Rights, approved by the IMF board of governors, that will be credited on the foreign reserve account of Bank of Uganda on 23rd August, 2021.
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@LouisNkizito
Louis N. Kizito
3 years
I was hosted on @ntvuganda morning show today to discuss how the recent International Monetary Fund printed (SDR) money will benefit the ordinary Ugandan. Uganda received 1.9 trillion free money from the IMF this week on Monday, which we don't have to refund at all #MorningAtNTV
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@LouisNkizito
Louis N. Kizito
1 year
The @Airtel_Ug Initial Public Offering prospectus is approved by Capital Markets Authority. But its completely unnecessary to also "approve" a "Transactional Adviser" of the issuer of Securities, what risk do you seek to mitigate with this. @CmaUganda is killing the markets
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@LouisNkizito
Louis N. Kizito
3 years
Secretary to the treasury @rggoobi you and your boys at @mofpedU & @BOU_Official are being non-transparent with @IMFNews Special drawing Rights (SDR). What are you hiding?
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@LouisNkizito
Louis N. Kizito
4 years
@SafeBoda (Guinness transporters limited) we need an apology from you for stealing our private data & selling it to American tech giant @Facebook servers at a fee. A new report released today implicates you. This is in breach of section 7 of the data protection Act, 2019
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@LouisNkizito
Louis N. Kizito
3 years
For the first time, I am on Putin's side! Someone should say "fuck you" to these hypocritical western countries that have been messing up our African lives over the centuries. They should know, we have had enough of their so called Post Bretton-Woods Global unfair world order
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@LouisNkizito
Louis N. Kizito
4 years
I kindly request @NITAUganda1 to explain to #tech startups, in unequivocal terms, the incentives behind getting a NITA-U certification & their routine audits. From a practical standpoint, this making the already capital intensive tech start ups even more capital intensive. Sad!
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@LouisNkizito
Louis N. Kizito
5 years
#Makerere My article in @DailyMonitor Much as @ProfNawangwe has turned from being a University vice-chancellor to a Resident University professor NRM cadre, he is a conduit of @WorldBank & @IMFNews polices. @KatereggaKj @RKirunda @MakGuild @bkabumba @ndagijerichie @I_Rugambwa
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@LouisNkizito
Louis N. Kizito
3 years
I like the way the @UmemeLtd managing director @MDofUmeme dodged my question yesterday! If the Umeme MD was a rugby 🏉 player he would be the best "side-stepper on the pitch." Instead of good corporate citizenship we should call it "corporate side stepping"
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@LouisNkizito
Louis N. Kizito
3 years
In this article, I illustrate how the International Monetary Fund is set to print money 🤑 by the end of August to give member counties' central banks as a #Covid19 package. @BOU_Official must account for how it spent the IMF printed money it got in 2009
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@LouisNkizito
Louis N. Kizito
3 years
📢 The IMF Board of Governors approved a historic US$650 bn #SDR allocation yesterday. This free printed IMF money coming to @BOU_Official reserves will be stolen, just like the one that came in 2009. Read my article in the link below to find out
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@LouisNkizito
Louis N. Kizito
1 year
40% of commercial Arbitration in the world is done in London. This Bitature V. Vantage scenario is not unique. People of different nationality in commercial contacts can choose a neutral Location for arbitration. Let me break down arbitration & its importance in a thread: 1/
@SimonKaggwaNjal
Simon Kaggwa Njala
1 year
Let’s elevate the Bitature saga to lessons & solutions. We need a thorough diagnosis though of what could have gone wrong especially with arbitration. Could the lenders have preferred London for neocolonial interests to further sink Bitature? I long for such debates.
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@LouisNkizito
Louis N. Kizito
2 years
I doubt I will ever submit free content to Uganda's mainstream newspapers! This article to @DailyMonitor on 4th October, 2021 was my last! The hustle is just not worth it! If I have anything to say from now on, it will be on my LinkedIn page!
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@LouisNkizito
Louis N. Kizito
10 months
Dear @nbstv , Again; @BOU_Official doesnt regulate securities markets. This is irregular. Issued gov’t securities are Assets owned by investors & should be held in custody systems & arrangements supervised by Capital Markets Authority. @CmaUganda . The bond market is too opaque /1
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@LouisNkizito
Louis N. Kizito
2 years
Why are @URAuganda guys collecting taxes from fund managers of Unit trusts, a form of collective investment Scheme, when section 21(t) of the Income Tax clearly exempts collective investment Schemes from taxes? This is the highest form of aggressive & frivolous tax collection!
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@LouisNkizito
Louis N. Kizito
3 years
Is it true that your mobile money will be confiscated by gov't if it remains redundant on your account for 9 months without a transaction? Join me this Thursday during the @rctkwest fellowship to know your new mobile rights under the new national payments systems Act, 2020
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@LouisNkizito
Louis N. Kizito
1 year
🤣🤣Just in case you missed it.. Bank of Uganda indeed operates an opaque bond market. Your mainstream media in Uganda will never interrogate such important but complex issues like "bond switches"
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@LouisNkizito
Louis N. Kizito
1 year
@mofpedU , streamlining the Virtual Assets industry will increase collection of withholding & Capital Gains Taxes. Many thanks @CEOEastAfrica for this article about the Capital Markets Authority (Amendment) Bill 2023. @CmaUganda , @rkabushenga , @kkalyegira
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@LouisNkizito
Louis N. Kizito
4 months
Last week, on ⁦ @nextradio_ug ⁩I explained that the money you put in the bank isnt your money! Legally, your accout balances are just mere promises to pay you money. You bank account doesnt play the role of a safe deposit box ⁦⁦ @DPFUganda ⁩ ⁦ @KakandeAlex ⁩.
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@LouisNkizito
Louis N. Kizito
3 years
......but why are commerical banks (Supervised Financial Institutions) continuing to charge "interest on interest" (compound interest), on rescheduled loans yet Bank of Uganda guidelines & laws regulating banks are against this? @ugbankers & @BOU_Official ?!
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@LouisNkizito
Louis N. Kizito
3 years
Dear good friend @irumanyika Lets hope we tech savvy lawyers shall not take you to court for violating the data protection & privacy Act as you attempt to fish our private data from 3rd party companies like @UmemeLtd & @nwscug . U will pay us those hard collected taxes in damages
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@LouisNkizito
Louis N. Kizito
3 years
But @mtnug you can't market your shares as a high dividend paying investment, while telling us at the same time that you are a high growth company where investors will benefit from listing gains over time by the share price going up.. Your narratives, just don't add up!!
@mtnug
MTN Uganda
3 years
#SBGSecurities CEO Joram Ongura; MTN Uganda will target in the medium term a dividend pay-out ratio of at least 60% of annual profits after tax. #MTNIPO #UgIshome
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@LouisNkizito
Louis N. Kizito
7 months
I received a call from a client representing a company seeking my legal advice on whether they could structure a #Bitcoin Exchange-traded fund (ETF) for the Ugandan market. I laughed at the client. In the link below, you can read my thoughts on the issue:
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@LouisNkizito
Louis N. Kizito
1 year
Ministry of finance, ( @mofpedU ) some times it better to accept what you don't know, instead of misguiding Parliament with unsound & invalid arguments regarding the Capital Markets Authority (Amendment) Bill 2022. @Parliament_Ug .
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@LouisNkizito
Louis N. Kizito
7 months
#startupfunding #VentureCapital #Taxation Join me tomorrow at 7pm on this @URAuganda X (twitter) space to understand the tax treatment of your start up business & its financing arrangements. Many thanks to #URA for this invitation. @IBbossa
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@LouisNkizito
Louis N. Kizito
4 years
1/2 In Jan 31st, 2018 @SafeBoda raised an additional $1,100,000 in its first venture capital (VC) finding round. What in VC financing we call a down round. If govt forces all Boda Bodas to join them after lock down, they will go for a series "B" funding round. That's the strategy
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@LouisNkizito
Louis N. Kizito
2 years
#IslamicBanking While I was hosted on @smart24tv , I indeed said that there is some kind of foul play going on against the take off Islamic banking in Uganda @ugbankers @BOU_Official @CmaUganda
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@LouisNkizito
Louis N. Kizito
4 years
#SpecialDrawingRights I hope my article in the @observerug today opens the eyes of African leaders to the reality that this global Monetary/financial system is rigged against us unfairly. @IMFNews @_AfricanUnion @BOU_Official @JamesGRickards
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@LouisNkizito
Louis N. Kizito
7 months
Buganda Road Chief Magistrates’ Court issued an arrest warrant against directors of a South African Fund, Vantage Mezzanine Fund for engaging in money lending without a license! These charges are misplaced, Vantage does something akin to private capital markets not money lending
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@LouisNkizito
Louis N. Kizito
3 years
Dear @mofpedU , @rggoobi , @MatiaK5 & @BOU_Official , the information in this screenshot from my LinkedIn page regarding the use of Special drawing Rights ( #SDR ) might be of importance to you. Too bad the Attorney General Kiwanuka Kiryowa blocked me on Twitter
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@LouisNkizito
Louis N. Kizito
3 years
Soft reminder; If you intended to offer any cryptocurrency related services, under our new amendment to the anti money laundering Act, 2013 you belong to the class of Virtual Assets Service Providers (VASP) that are supposed to put in place anti-money laundering measures
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@LouisNkizito
Louis N. Kizito
2 years
There is a trend I have noticed; most top law firms in town would rather recruit more young female lawyers than their male counter parts in junior positions. Why? Because the young male lawyers tend to be too ambitious and hard to manipulate! Efficiency can can take a backseat!
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@LouisNkizito
Louis N. Kizito
4 years
I wrote this article in the @DailyMonitor in 2018. It's Legal advice for Boda riders who will be forcefully conscripted into @SafeBoda after lockdown. Most venture capital funded start ups have Employee Share Options Schemes (ESOPs). You should demand that you are given ESOPs
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@LouisNkizito
Louis N. Kizito
1 year
@rggoobi do you still maintain your stand that Bank of Uganda doesn't need Gold as part of our foreign Reserve Assets? Assets in our reserves have counter-party risk! The Geopolitics is now just too uncertain for us to just have mostly U.S treasury securities as reserve assets
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@LouisNkizito
Louis N. Kizito
4 years
On the left is the supreme Court bench of the UK in the recent Gina Miller #Brexit case dressed like 21st century justices. On the right are Ugandans Judges dressed like 17th century English aristocrats, straight out of a Shakespearean play "The Comedy of Errors" Time to change
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@LouisNkizito
Louis N. Kizito
3 years
@CmaUganda , This is the most shallow definition of a venture capital (VC) fund I have seen anywhere on Earth. Most VC funds in the world are structured as "limited liability partnership."... But look at the "company" restriction in our capital Markets Authority Act??!!! Hmm....
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@LouisNkizito
Louis N. Kizito
3 years
Mr. @CyrilRamaphosa this is the wrong argument to make about Special Drawing Rights #SDR on behalf of we Africans. The @AfricanUnion should, instead, call for the amendment of the unfair IMF Articles of Agreement, with special emphasis on Article 17.
@CyrilRamaphosa
Cyril Ramaphosa 🇿🇦
3 years
As part of this international advocacy, the African Union continues to make the case for further International Monetary Fund Special Drawing Rights to be allocated to vulnerable countries to finance their post COVID-19 recovery.
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@LouisNkizito
Louis N. Kizito
1 year
My views on the operationalization of Islamic banking on @nbstv 9 O'clock news last night #IslamicBanking
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@LouisNkizito
Louis N. Kizito
2 years
This article reminds me of a famous senior lawyer that gave me a call last year to help him chase a deal from a cryptocurrency company in the "asset tokenization industry." In exchange he would give me lunch for week & 100k. This kamanyiro from our senior collegues should stop
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@LouisNkizito
Louis N. Kizito
4 years
@SwedeninUG stop funding research & innovation at @MakerereU untill the academics formulate a sustainable model of funding research so that access to funds does not depend on individual whims but on strength of ideas and national priorities. You are just enriching @ProfNawangwe
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@LouisNkizito
Louis N. Kizito
4 months
All depositors in this Bank with account balances in exess of sh. 10 million that won’t be compensated by the @DPFUganda , always remember that money (deposit) you put in the bank is not your money – it is an unsecured liability of an occasional insolvent financial institution 🙌🏽
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@LouisNkizito
Louis N. Kizito
1 year
@henrymusasizi1 get competent people at @mofpedU financial supervision directorate & Capital Markets Authority. These people are stagnating the growth of our Capital Markets. There is no serious technocrat that can give such "incompetent" advice to @Parliament_Ug below @rggoobi
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@LouisNkizito
Louis N. Kizito
2 years
Uganda was added onto the U.K money laundering red list in March. It wasn't until we incorporated a company in the U.K with 100% Ugandan directors to do "corporate inversion" by turning a Ugandan entity into a subsidiary after receiving Venture Capital, that I realized this 1/2
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@LouisNkizito
Louis N. Kizito
10 months
#PonziSchemes Every year, in this country, comes with its unique tailor made Ponzi scheme. I hope you survive the scheme that will be engineered for you in 2024
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@LouisNkizito
Louis N. Kizito
3 years
@Airtel_Ug lobby your holding company @airtelindia to revamp this #ZainAfrica challenge show! I used to watch it alot while in highschool. It greatly influenced my reading culture. Too bad by the time I reached University, the show had ended. There was no such platform for me.
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@LouisNkizito
Louis N. Kizito
1 year
Every time I read this response the @mofpedU financial supervision department wrote to @Parliament_Ug , as they were refusing to grant the Capital Markets Authority Bill 2023 a certificate of financial implication, I feel insulated. Get competent people at Ministry of Finance 1/2
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@LouisNkizito
Louis N. Kizito
2 years
Uganda legal market is just too small to accommodate all these "lawyers." The higher the number of law schools, the less the legal fees lawyers in the market "doing normal things" will charge clients; demand & supply logic. Time to think outside the box!
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@LouisNkizito
Louis N. Kizito
5 years
1/2 @KKariisa 's management style of his @nextmediaug demonstrates why very few businesses in Uganda celebrate even a 20 year anniversary before they go Burst. They unsustainable business model.
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@LouisNkizito
Louis N. Kizito
3 years
Chipper cash troubles! @chippercashapp
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@LouisNkizito
Louis N. Kizito
4 years
#DisasterCapitalism 1/2 Instead of agitating for tax reliefs for venture capital funded start ups, @SafeBoda has been lobbying behind the scenes to influence policy makers to make all boda-bodas operate under digital companies (like Safe Boda, Uber).
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@LouisNkizito
Louis N. Kizito
2 years
📌
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@LouisNkizito
Louis N. Kizito
3 years
As we speak, only 40,000 Ugandans have an SCD account to trade shares on @USEUganda , let's hope with this new partnership btn @mtnug & @USEUganda , the omuntu wa wansi will find it attractive to open an SCD ACCOUNT with MTN MoMo to start investing. I hope this succeeds, honestly!
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@LouisNkizito
Louis N. Kizito
5 years
#COVID19UG 😡As the country is in desperate need of resources for new ICU beds to fight #COVID2019 , @URAuganda thought that this was the right time to ask for a supplementary budget for URA top bosses to share Sh12.7bn as a bonus for a job welldone in the preceding Financial Year
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@LouisNkizito
Louis N. Kizito
4 years
What you are witnessing today on the streets of Kampala is a conscious decision of how a tired, aged & deeply entrenched regime chooses to survive! Sadly, this is NOT sustainable for the regime or country. Regimes that choose this method, normally tear down the country as leave
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@LouisNkizito
Louis N. Kizito
4 years
Agitating for a new monetary system that was favourable for Africa to compete more favorably Geo politically in trade is what made @David_Cameron and @SarcozyNikolas unite to get rid of Gaddafi in 2011, of course #Sarcozy had more selfish reasons. The Americans agreed #Petrol
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@LouisNkizito
Louis N. Kizito
4 years
@mofpedU kindly help us throw out this largely incompent @CmaUganda board, get better motivated people who actually know what they are doing @Parliament_Ug should amend the Capital markets Authority, Act to enable the Authority prosecute crimes related to Securities not the DPP
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@LouisNkizito
Louis N. Kizito
3 years
Kindly disregard this fake news statement by @ugbankers . The national payments systems Act, is not a bill, it's a law that was passed last year in September! Secondly, the "idle money" will still be taken to the consolidated fund. There is no clarification they are making here
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@LouisNkizito
Louis N. Kizito
4 years
Guys using @tiktok_us do u know u are signing away your precious privacy rights unknowingly? This lawsuit filed in a Californian court claims TikTok "clandestinely...vacuumed up & transferred to servers in China vast quantities of private & personally-identifiable user data".
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@LouisNkizito
Louis N. Kizito
3 years
@mtnug I am eagerly anticipating your prospectus for your proposed Intial Public Offering (IPO) so that I make a fundamental analysis of your shares myself! Hope you don't over value the price of shares!
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@LouisNkizito
Louis N. Kizito
4 years
1/3 My former commercial law professor @DavidBakibinga at @MakLawSchool has written a great paper on the legal implications of some the interventions of economic interventions govt should make. However, he has forgotten about making recommendations to avert Covid19 insolvencys
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@LouisNkizito
Louis N. Kizito
4 years
Those that were saying @Jumia_Group is failing, look at @Uber financials👇🏽 Be4 @Uber went IPO at a valuation of $75B, it reported an operating loss of $3B in 2018 after losing $4B in 2017. Drivers demanding higher pay, credit card processing fees & Driver incentives all drain it
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@LouisNkizito
Louis N. Kizito
5 years
@USEUganda That's the companies Act, if you want that segment to grow, through your regulator, @CmaUganda u should call for an ammendment to that section, relax Abit of it's hursh requirements... Borrow a leaf from from the U S legislation Tax Cuts and Jobs Act of 2017 if you want SME
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@LouisNkizito
Louis N. Kizito
5 years
1/2 April 2015, @newvisionwire ran a story where worker's money was used to facilitate trips of MPs abroad was that Prudential? @Parliament_Ug Let's not just use disaster Capitalism to push for Amendment of the @nssfug Act, Mr @Kalinaki I read your article in the @DailyMonitor
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@LouisNkizito
Louis N. Kizito
5 years
@CmaUganda tell guys to stay away from Binary options While binary options may be used in theoretical asset pricing, they are prone to fraud in their applications & hence banned by regulators in many jurisdictions. Manipulation of price data to cause customers to lose is common.
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@LouisNkizito
Louis N. Kizito
4 years
🙅🏽‍♂️Contact Tracing Apps?⚠️ If you haven't read the Shock doctrine, please do Am afraid tech companies are using #Covid19 as a new state of acception, as a shock doctrine. To make us suspend our principles & laws so that they might collect as much data about us as possible.
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@LouisNkizito
Louis N. Kizito
4 years
1/2 I wish these brainless LDUs knew that they are sacrificial lambs from a military strategic level. Normally, the president would release his elite SFC forces or the army. But he chose to dispatch LDUs so that its them & not his army that catches #COVID19UG
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@LouisNkizito
Louis N. Kizito
4 years
Arch. Bishop Lwanga should remember that it was the silence & "neutrality" encouraged by Pope Pius XII during the years of Adolf Hitler, that provided the best environment for Hitler to kill the 6 million jews Neutrality in the face of injustice is a silent way of encouraging it
@ntvuganda
NTV UGANDA
4 years
The Archbishop of Kampala, Dr Cyprian Kizito Lwanga has raised concern over the manner in which a number of priests have openly expressed support for certain candidates in the race for political positions in 2021. #NTVNews #UGDecides2021
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@LouisNkizito
Louis N. Kizito
4 years
The guys that won this year's #NobelPrizeInPhysics took the first ever picture of a black-hole last year, proving #AlbertEinstein 's general theory of relativity (1915). The theory predicted that the curvature of space-time becomes infinite in a black hole singularity!
@BBCWorld
BBC News (World)
4 years
Black hole breakthroughs win Nobel physics prize
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@LouisNkizito
Louis N. Kizito
4 years
After listening to the audio version of this VERY insightful book by @JamesGRickards , I think we young Africans in our 20s should advocate for a new monetary system that favours us. This dollar hegemony only favours those that borrow in their own currencies like the #UK , #US
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@LouisNkizito
Louis N. Kizito
3 years
@stanbicug looks like I am not the only one that's been complaining that the @mtnug prospectus isn't comprehensive enough & its misleading! Mainstream @nbstv , @ntv , @newvisionwire @DailyMonitor are all biased in their coverage of this IPO for fear of losing advertising revenues!
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@LouisNkizito
Louis N. Kizito
3 years
#SpecialDrawingRights (SDRs). If we had serious journalists in this country, not PR agents, they would be asking bank of Uganda what they used the printed money we got from IMF last year for? 15% of that money has been used and neither Parliament or anyone has an explanation!
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@LouisNkizito
Louis N. Kizito
5 years
This #Covid_19 thing should give @mtnug a perfect excuse to do a private placement instead of struggling to list its shares though a hectic IPO on a weak @USEUganda ... which IPO am sure will have a disastrous 2 year lock up perod for insiders, even worse than Cipla
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@LouisNkizito
Louis N. Kizito
6 months
@KakandeAlex ⁩ these structural deficiencies & legal inconsistencies in our bond market need to be addressed by @mofpedU ⁩, as soon as possible. This legal uncertainty has created high settlement risk in our bond market at ⁦ @BOU_Official ⁩! ⁦ @a_m_patrick
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@LouisNkizito
Louis N. Kizito
4 years
How could the @WHO trust a #chinese regime which has a reputation for suppression of information and lack of transparency? Why didn't #WHO conduct it's own independent investigation before misleading the world like this? Trillions of dollars wiped off Global GDP... Irresponsible
@WHO
World Health Organization (WHO)
5 years
Preliminary investigations conducted by the Chinese authorities have found no clear evidence of human-to-human transmission of the novel #coronavirus (2019-nCoV) identified in #Wuhan , #China 🇨🇳.
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@LouisNkizito
Louis N. Kizito
4 years
🤔As gov'ts elsewhere are easing the burden during #Covid_19 for small businesses through tax cuts & stimulus packages, in Uganda we are in our own world. President @KagutaMuseveni proposed new taxes for small businesses, which @Parliament_Ug subsequently passed with little noise
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@LouisNkizito
Louis N. Kizito
4 years
1/2 The Geopolitics Post-COVID-19 is going to be interesting. Supply Chains of the developed World that were heavily reliant on china will be diversified. But, for us Africa it will be time to absorb the inflation arising from the U.S @federalreserve printing of more dollars
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@LouisNkizito
Louis N. Kizito
4 years
1/2 Currency debasement?! It took 200 years for the U.S to create $825 billion of circulation, either paper or its electronic equivalent upto 2008. However, after the 2008 financial crisis through QE 1 & 2, the U.S @federalreserve has printed to $4 Trillion into circulation.
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@LouisNkizito
Louis N. Kizito
4 years
1/2 @BOU_Official what happens when those old notes that are supposed to be burned get stollen? And then u print additional notes to replace the old notes? INFLATION!!! @BOU_Official u seem to forget, eversince we left the gold standard, currency is a game of confidence.
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@LouisNkizito
Louis N. Kizito
4 years
1/2 The foreign exchange market is now the most liquid. 4 trillion is exchanged daily. The global financial banks that are profiting from currency derivative contracts, create & encourage volatility so that they make money. But what does this do to our small African Economies?
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@LouisNkizito
Louis N. Kizito
4 years
😡 @MatiaK5 @mofpedU & @URA_CG for once get Serious! we have local tech-startups, venture capital (VC) funded, like @ripplenami that design systems that you procured from this American company. @ripplenami is on seed round of VC funding, it hasnt even qualified for a down round.
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@LouisNkizito
Louis N. Kizito
4 years
Interestingly, President @KagutaMuseveni has got 3.5 Trillion shillings in "classified expenditures" so far in the supplementaries this year. But some how, the public has been diverted by the media & civil society to only look at only 10 billion shared by MPs. Who benefits?!
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@LouisNkizito
Louis N. Kizito
4 years
1/2 More than $300 million seized from Nigeria's former dictator Sani Abacha was finally returned to @Nigeria this week. It was stolen by Abacha in the 1990s before it was laundered through the U.S & hidden in a bank account in Jersey, a tax haven. lesson to @NRMOnline leaders.
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@LouisNkizito
Louis N. Kizito
5 years
#tech #startupLaw As General counsel @pixan_corp I am proud do deal with the Legalees for this new business model we are introducing in the Uganda market called "Mass_Customization" in the tech Business 👏🏼👏🏼 @NamuliBlazevic @Andela @RKirunda @idootaustin
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@LouisNkizito
Louis N. Kizito
4 years
I have just watched @SolomonSerwanjj 's investigative piece on the sh 455 UDB money. But the question on my mind is this; if a 1.9 trillion @IMFNews loan with stringent conditions could be miss-used, how about the non-conditional IMF printed money (SDRs) that's coming in August
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@LouisNkizito
Louis N. Kizito
4 years
#Covid19Insolvency @Parliament_Ug pass a law supplementing the insolvency Act, 2011 to put a moratorium on @URAuganda which might rush to put businesses in receivership shortly after @KagutaMuseveni opens the economy. Restrain @URA_CG as a preferential creditor for 7 months
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@LouisNkizito
Louis N. Kizito
2 years
Bank of Uganda needs to create an Unclaimed Financial Assets Authority, just like Kenya, to reunite people with their "unclaimed Financial Assets." Taking unclaimed mobile money to gov't coffers after 7 years is just "legalized theft" @BOU_Official @rggoobi @SimonKaggwaNjal
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@LouisNkizito
Louis N. Kizito
2 years
How exactly the U.S exported inflation to Uganda, I explain in the video below 👇
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@LouisNkizito
Louis N. Kizito
4 years
📌legal advice to those restructuring loans due to #Covid_19 According to the @BOU_Official guidelines, banks can't do the following; ➡️Banks can't restructure loans in such away that you pay much more than u were paying ➡️Compounding interest is illegal @stanbicug stop theft!
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@LouisNkizito
Louis N. Kizito
3 years
Why is the media giving hon. Nsereko's bill too much unnecessary attention? Whatever he is suggesting is covered in the Data Protection law, computer misuse Act, electronic transactions & signatures Act! I urge hon. Nsereko to do more reading @IsaacSsemakadde
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@LouisNkizito
Louis N. Kizito
4 years
1/2 True @Jumia_Group is facing challenges But the person that wrote this article doesn't know how Venture Capital works for tech starts ups. Tech startups list on the stock exchange @NYSE to do something called an exist strategy for Early investors.
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@LouisNkizito
Louis N. Kizito
4 years
Legally, you can't issue a patent on something naturally occurring like a Virus. However, you can patent a virus if it's man-made, or adulturated Apparently, @BillGates has been funding so much Research & Development in Africa & owns many patented viruses Whats the motive?!
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@LouisNkizito
Louis N. Kizito
4 years
Why are such sensitive bills that seek to ammend the constitution always brought by private Members? Conduits? I have argued before, BoU Act just needs to be amended to introduce a twin peaks model of financial regulation within @BOU_Official . I fear this ammendment is dangerous.
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@LouisNkizito
Louis N. Kizito
2 years
A certain genuine UK based investor doing a Private Equity deal sent me this email last year! I think Uganda is such a bad investment destination for genuine investors.🤦🏾‍♂️ @URAuganda @URSBHQ @mofpedU @rggoobi @Rwakakamba
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@LouisNkizito
Louis N. Kizito
3 years
I just attended this event organized by some British think tank; the @BBCNews journalist @JohnSimpsonNews that interviewed Muteesa 5 hours before his demise on November 21, 1969 still suspects upto now that he was murdered. No mainstream Uganda media has interviewed him @dfkm1970
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@LouisNkizito
Louis N. Kizito
4 years
1/2 The @WorldBank approved a $300 million to Uganda. $240 m of which is a credit finance & $60 m is a grant for refugee support. The reason the world bank gives grants for refugee projects is to make it easy for the companies to exploit the Congo with little resistance
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@LouisNkizito
Louis N. Kizito
4 years
One of my best members of @Parliament_Ug of all time @HusseinKyanjo said this in 2017 when he was with @SimonKaggwaNjal on @nbstv ... #FreeBizonto
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