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Will marijuana be a major export crop for Uganda?

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By Staff Writer

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Marijuana has risen in popularity immensely all around the world in recent years.

With more countries and states moving to approve it as a medical substance, the stigma surrounding its usage has been vanishing. Additionally, studies into its long term effects and potential side issues have been improving as well.

This is partially due to the rise in popularity of products that contain CBD. CBD products have been sweeping the world by storm, as they have been snapped up by the health, wellbeing, beauty and sports industries with ease. CBD is incredibly useful, with a number of healthy benefits that users can expect to enjoy.

In terms of cannabis as a whole, there have been some recent developments in the industry that are worth knowing about. One of these is the recent debate surrounding Uganda and marijuana. Could it potentially end up being a major export crop for the country, and how could this happen? That’s what we’ll be looking at today.

Here at Big Eye, we’re incredibly passionate about bringing our audience the latest and greatest in this fascinating country. In this blog post, we’ll be going over everything that you need to know about Uganda and cannabis.

What does the EU have to do with this?

To start off with, let’s take a look at what the EU has to do with the marijuana movement in Uganda. As this Daily Monitor article points out, the EU approved Uganda’s movement to get involved with the marijuana industry. This means that cannabis growers in the region can get involved with the global market, which is fantastic.

Could marijuana be a major export crop for Uganda?

So, could marijuana be a major export crop for Uganda? The short answer is yes.

There is a huge demand for cannabis, CBD and hemp related products right now. As the worlds of medical cannabis and CBD grow, there will be even more demand for cannabis to be flown across the world to support the market.

Of course, there are certain issues that Uganda is going to need to overcome. As this article points out, Uganda is still going over some legal aspects with the cannabis movement. There are limitations being put on the cannabis industry by the government, which could affect who gets involved.

The government gave their reasons for this, saying that they wanted people who were already financially stable to get involved with growing cannabis. The representatives stated that this would mean people only grew it for medical purposes, and that this movement would help to stamp out any illicit behaviour.

Important things to remember as a cannabis user

In general, there are a few important things to remember as a cannabis user- especially if you’re in a place like Uganda where it is still relatively new.

One of the most important things is to make sure that you’re aware of local laws or legislation that might prohibit you from growing, owning or using cannabis products. Don’t get caught out by being unaware of your local practices.

It’s also important to make sure that you’re using cannabis and other products safely. Research whether it could affect existing medications that you might be taking, and make sure to look into the legitimacy of your supplier as well.

To sum up

As you can see, the marijuana industry is never without controversy.

The EU has backed Uganda’s marijuana efforts, however there is still some debate and discussion surrounding who can get involved with it within the country. There is still a lot of progress to be made, but it’s great to see that the marijuana industry is thriving in so many different parts of the world.

Above all, it’s vital that the cannabis industry in Uganda is heavily regulated, and that local people getting involved with it are treated fairly. Regulation and legislation can help to make sure that no illicit practices are taking place, and that the products that are being put out are safe to use.

It certainly will be fascinating to see where the cannabis industry ends up by the end of the year. Will more countries and states move to accept it? Will there be even more innovative uses of CBD and THC in the industry? Only time will tell. Take a look here to read more about some of the best CBD oils that are available on the market right now.

Looking to read more about the latest news and developments in Uganda? Want to read more blog posts like this? We’ve got you covered. Take a look at our full website here, to read more of our content. We’re constantly updating and developing our work, to help to keep our readers ahead of the curve.

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Will Uganda continue to be the world’s fittest country?

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By Staff Writer

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The health and fitness industries are booming right now.

More and more people across the world are starting to realize how important it is to stay in good shape, for themselves and for their future. Whether it’s with diets, trendy technology or superfoods, there are more ways than ever to stay in shape.

This is especially true when considering movements like veganism, or other health movements that have flipped the status quo. Nowadays, things that were once associated with healthiness – like red meat or excessive weightlifting, for example- have been pushed to the side in favor of truly beneficial things, like plant-based diets, mental health care and yoga.

Some countries have been noted as being healthier than others, which is interesting. It shows that different kinds of people value different kinds of healthy practices, and that some countries still have a lot of work to do when it comes to keeping their citizens healthy.

Today, we’re going to be taking a look at Uganda- which has been noted to be the world’s fittest country. Here at Big Eye, we’re incredibly proud of our country and the progress that it has made in the fitness world, so we wanted to take a look at this in more depth on our blog and examine how Uganda has come to be so healthy.

How is Uganda the world’s fittest country?

As stated in this BBC article, Uganda was noted as the world’s most physically active country by the World Health Organization. This study was incredibly in-depth, and it tracked the physical activity of local people across the country. The findings showed that roughly 95% of Ugandan people were in good shape and sufficiently fit, which is great to see.

Will this continue into 2020?

It’s likely that we will continue to observe Uganda as being one of the fittest countries in the world as we move into 2020. Unless a sudden surge of fitspiration takes over other countries, it’s likely that Uganda will continue to foster a healthy community.

After all, one of the main reasons why Uganda is so healthy is that fitness is integrated into people’s daily routines, as this article points out. Many people have to commute a long way by foot or do a fair bit of manual labour at work, which is one of the main reasons why people in Uganda are in such great shape.

Manual work is an important part of fitness in Uganda. As there are less mechanized solutions to manual labour in areas such as agriculture, there is more manual work to be done. This encourages a higher level of fitness within the community.

According to Kate Huber at NJGamblingFun, who spent a semester abroad in Kampala in college, “Another reason why Ugandan people are in such great shape is that there’s a growing community of joggers. Nowadays, there are big groups of people heading out on almost a daily basis to go jogging. It’s a great source of cardio, and it’s also fantastic for socializing as it is helping to build a community.”

Generally speaking, Uganda is in fantastic shape- and we’re sure to see this continuing into 2020. This impressive level of fitness doesn’t mean that we won’t see other countries following suit, either. As we move further into the year, we’re sure to see more and more countries making waves in their own communities with fitness.

To sum up

It seems that the rest of the world has a lot to learn from Uganda. There are plenty of countries all around the world who don’t even come close to this country’s physical fitness.

There are so many physically fit and healthy people in the country, and it’s inspiring to see how active the community is. Whether it’s people staying active by commuting to work or getting involved with local sports and classes, there are so many Ugandan people who are in incredible physical shape.

It’ll be fascinating to see where the fitness industry goes in 2020. With introductions of products like CBD and unique lifestyles like veganism, we’re sure to see some incredible innovations in this world as the year progresses. This article shows how many great fitness gifts and tools are available on the market right now.

Looking for a source of the latest Ugandan news? Want to stay up to date on the developments and stories shaping our culture? Big Eye is the best place to head to for Ugandan news, pop culture and blogs. Take a look here to read more of our content- if you enjoyed this blog post then we think you’ll love the others.

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Celebrity Gossip

Meet Volts MC, former Team Good Music singer

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By Reporter

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Singer Volts MC has striked back on the music scene with his new song Champion Bubbler whose video he released on March 3rd. The singer who was a former member of Pallaso’s Team Good Music says he left the music label because he wanted a label where he is being managed alone and that was how he joined Icon Music.

The Afro dancehall singer says he has four songs but the latest being Champion Bubbbler. He goes on to say that as he tries to make it to the top, he is currently getting lots of criticism for his music. “Different people are biased about musicians and another challenge is that since I am a student at Makerere University I sometimes fail to balance music with books but I try my level best” Volts MC says.

Volts who started doing music back then in Primary school at Kawempe Muslim says he used to listen to music in his free time and going on, he started composing a few lines although he never recorded in studio but after realizing he had the talent and her cousin Naira Ali was also doing well in music he had to follow his dream.

Volts MC dreams of working with Beenie Gunter and currently, he has songs such as Pressure Ya Muziki, Wotali and Dat Gyal. Champion bubbler is the song currently on promo.

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Celebrity Gossip

Pallaso returns home to heroic welcome

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Ugandan celebrated singer Pius Mayanja aka Pallaso yesterday returned he after weeks in South Africa where he went to perform on Valentine’s day and suffered a beating from a said xenophobic group. A seemingly happier Pallaso said “To the South Africans who beat me, I forgive you. I have scars on my heart, on my mind and in my body. I will make the ‘baby step’ towards change in Africa.”

Pallaso was picked by a convoy at the airport and drove woth it to the city ventre before heading to Kamwokya at Sky Lounge where he addressed press. Pallaso returned with Goodwill Malinga better known by his stage name Dr Malinga, South Africa record producer and musician as well as Music Executive, Thomani Mawarela. the two recorded a song aimed at spreading love, unity and forgiveness among us Africans.

The duo are headed to Uganda to promote the song and show that we are together as one and no hate can bring Africa down.

“The attack on Pallaso was not necessary and I would not want it to happen to another person. We don’t have to hate each other, instead lets support each other in all areas. We are Africans,” said Dr. Malinga.

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MTN reports strong financial results and CEO succession process underway

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MTN reports commercial momentum, strategic progress and strong financial results; CEO to step down next year, succession process underway

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MTN Group today announced an encouraging set of results for the year ended 31 December 2019 and that group president and CEO Rob Shuter would be stepping down from his role at the end of his contract in March 2021.

Commenting on the results, Shuter said:

“In 2019, the 25th anniversary of MTN Group, we delivered commercial momentum across our operations as well as great progress in our strategy and strong financial results, despite challenging trading conditions.

We added 18 million customers to reach a total of 251 million and increased our data users by 17 million to 95 million and our fintech customers by 7 million to 35 million. This growth is central to our belief that everyone deserves the benefits of a modern connected life. We also saw improvements in customer experience, network quality and market share across the group.

On the strategic front, we launched our instant messaging platform Ayoba, which is now live in 12 markets with two million monthly active users. We launched MoMo in South Africa and Afghanistan and received our super-agent licence in Nigeria, registering more than 100 000 agents by year-end. We also delivered R14 billion of asset realisations within the first 12 months of our programme and MTN Nigeria listed on the Nigeria Stock Exchange. We recorded progress on various regulatory issues, including the AGF tax matter in Nigeria. Relationships with stakeholders across our markets improved, and we reported our highest employee sustainable engagement score yet.

On the financial side, we delivered service revenue growth of 9,8% with an acceleration in the second half. Our EBITDA margin improved and reported headline earnings per share grew by 62%. Our network rollout brought a further 69 million people into 4G coverage whilst reducing capex intensity.  Improved cash flows during the year supported stable balance sheet ratios.”

Operating environment

This outcome was delivered against challenging macroeconomic conditions, particularly in South Africa, with muted economic activity and the rand weakening against the US dollar.

Financial performance

In constant currency terms, group service revenue increased by 9,8%* to R141,8 billion and earnings before interest, tax, depreciation and amortisation (EBITDA) expanded by 13,6% to R53,4 billion. The holding company leverage ratio improved to 2,2x, which is well within the group’s guidance range of 2,0 to 2,5x, and we reduced our capex intensity to 17,5% from 19,3%, indicating greater efficiency in deploying assets. Driven by the strong earnings performance, operating cashflow increased by 18% and the ROE increased from 11,5% in 2018 to 14,3% in 2019 on an IAS17 basis.

The group’s results were supported by double-digit growth in service revenue by both MTN Nigeria and MTN Ghana. The performance of MTN South Africa was impacted by economic pressure, new data usage rules and changes in recognition criteria for roaming revenue from Cell C due to delayed payments under the networking roaming agreement.

Management succession

MTN announced that the group president and CEO Rob Shuter will be stepping down from his role at the end of his contract in March 2021. The board thanks Rob for the contribution he has made, and continues to make, to MTN. The succession process will be concluded during the year, enabling a seamless handover.

MTN group chief technology and IT officer Charles Molapisi has been appointed to the group executive committee and the fixed contract of the group chief operations officer, Jens Schulte-Bockum, has been extended until 31 March 2022.

Looking ahead, Shuter says:

“We are well positioned for growth. Guided by our well-defined BRIGHT strategy, we are building our growth strategy on our digital operator model while optimising efficiencies, capex and cashflow.

Following data price reductions in South Africa and Nigeria in 2019, we expect price elasticity to improve data revenue growth in 2020, supported by expanded 4G coverage in Nigeria and across the group. We will continue to scale up our fintech and digital services as well as grow our enterprise and wholesale businesses.

We have maintained our service revenue, EBITDA margin, capex intensity and ROE targets and increased our asset disposal target by a further R25 billion over the medium term. We also now target a holding company leverage ratio at below 2x. We will use 2020 to implement our succession process and ensure a seamless handover to the new group president and CEO whilst maintaining our operational execution.

Inspired to harness the pioneering spirit that has built MTN over the last 25 years, we remain committed to delivering on our strategy in a more agile way in close collaboration with our many partners, with whom we are #GoodTogether.”

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