5. Not knowing what others are not doing

Making bad copies of someone else’s idea is the main challenge in Africa,” says Stephen Rwangyezi, the founding executive director of Ndere Centre says.  He says many people in business startups want to do what others have done yet an entrepreneur is supposed to create and execute new ideas.

The Ugandan shilling surrendered ground for most of the trading sessions during the week  ending Feb.22 threatening to breach the 2700 resistance level against the US dollar, according to Stephen Kaboyo, managing director at Alpha Capital Partners.

“What started as a marginal weakening picked steam mid week as panic buying set in,” Kaboyo said, adding the depreciation was mainly on account of a strong rebound in demand from importers particularly oil sector as all eyes were set on the Kenya elections.

The Uganda Revenue Authority (URA) has posted sh28.64bn as surplus in January; giving confidence to the revenue body that it would hit its target for this financial year.

According to a press release released on Feb. 21, net revenue collections for January 2013 were sh620.54bn against a target of sh591.90bn, posting a surplus of sh28.64bn. However, compared to January 2012, gross revenue collections increased by 21.61% (sh110.28bn).