Opinion: Mbire’s Multiple Investment In Shares Shows Proof That Uganda’s Economy Has Potential Growth Prospects In Post COVID Era

Opinion: Mbire’s Multiple Investment In Shares Shows Proof That Uganda’s Economy Has Potential Growth Prospects In Post COVID Era

By Ben Ssebuguzi
There are some entrepreneurial unique attributes that tycoon Charles Mbire might be having which are good to take home amidst tepid house hold and business expectations about economic development due to the global economic outlook.
According to media reports,the Ugandan billionaire on Monday, August 22,2022 bolstered his stake in MTN Telecom by acquiring an additional 2,263,930 shares at a total cost Shs459,907,621 on the Uganda Security Exchange market making a significant activity of the day.
Prior to that, he had acquired a huge stake into Bank of Baroda through a single purchase of 23,529,400 worth billions of shillings.
However, here are the unique attributes which can be borrowed from Charles Mr. Mbire in order to be as successful as he is;
 Amidst global weaker economic growth escalated by geopolitical conflicts,the tycoon is able to master basic metrics and concepts of evaluating stocks and investing in stable companies like in MTN, which are listed on Uganda’s Stock Exchange Market.
Mr. Mbire, through his creativity and taking initiative, takes a proactive approach to risk by  diversifying his assets, through buying shares in great business entities like MTN at reasonable prices, which he later sells in future when they have appreciated in medium term.
Using his assertiveness and eagerness to learn, he has over time developed a clear idea of what to gain from a given situation and is constantly searching for new opportunities where others are seeing a dim picture or challenges.
In conclusion,with economic growth projected in the range of 4.5-5% supported by public investment, entrepreneurs like Mbire will always see opportunities where other people problems.
Ben Ssebuguzi is a certified Public Awareness  fellow of Public Opinion international.

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