Mbiire’s multiple investments in shares shows Uganda has good growth prospects in the post covid era

There are some entrepreneurial unique attributes that tycoon Charles Mbiire might be having which are good to take home amidst tepid household 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 by acquiring an additional 2,263,930 shares at a total cost of 459,907,621 on the Uganda Security Exchange market making a significant activity of the day. Prior to that, he had acquired a huge stake in the Bank of Baroda through a single purchase of 23,529,400 worth billions.

Here are the unique attributes which can be borrowed from Charles Mr.Mbiire.

1. Amidst global weaker growth escalated by geopolitical conflicts, the tycoon is able to master basic metrics and concepts of evaluating stocks and investing in MTN.
2. Mr. Mbire through his creativity and taking initiative takes a proactive approach to risk by diversifying his Assets, he buys shares in great businesses like MTN at reasonable prices to sell in the future when they have appreciated in the medium term.
3. Using his assertiveness and eagerness to learn, Mbire has a clear idea of what to gain from a situation and constantly searching for new opportunities when others are seeing a dim picture.

In conclusion, with economic growth projected in the range of 4.5-5% supported by public investment, entrepreneurs will always see opportunities in problems.

The author; Ben Ssebuguzi is socio-economic commentator and a certified Public Awareness fellow of Public Opinion international.