Endre Vestvik 🌍 @TheEndre
CEO and founder of Wild: On a mission to change the coffee industry. wild.coffee Kampala, Uganda Joined May 2009-
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My thoughts: 1. The tax on imported textiles is fair. Encourages Ugandan manufacturing. 2. Direct sale is good for the consumer. You can not demand to be protected from competition just so you can be a middleman. 4. The threshold is ok. 18% VAT is too high. Set it to 10%.
My thoughts: 1. The tax on imported textiles is fair. Encourages Ugandan manufacturing. 2. Direct sale is good for the consumer. You can not demand to be protected from competition just so you can be a middleman. 4. The threshold is ok. 18% VAT is too high. Set it to 10%.
Your singleminded chase of the abusers blinds you from seeing the real problem: 90% of the Ugandan economy is still informal. When you enter the formal economy, you still have to compete with the informal economy who can sell tax free. @URAuganda How do you suggest we compete?
Your singleminded chase of the abusers blinds you from seeing the real problem: 90% of the Ugandan economy is still informal. When you enter the formal economy, you still have to compete with the informal economy who can sell tax free. @URAuganda How do you suggest we compete?
Set the VAT to 10%. Ease the transition into the formal economy by lowering taxes. This will stimulate the economy and benefit businesses and consumers alike. Uganda can easily 5X its tax base. Tax revenue collected will be higher. Evasions less. #EFRIS
Leaving the vulnerable behind: One-half of the world’s 75 most vulnerable countries are facing a widening income gap with the wealthiest economies for the first time in this century. worldbank.org/en/news/press-… via @WorldBank
Looking forward!
I'm afraid there are many like these... Uganda is quickly becoming investor and business unfriendly.
I'm afraid there are many like these... Uganda is quickly becoming investor and business unfriendly.
That's it! I'm moving back to Norway. Wait. I forgot. I'm not a top earner....
That's it! I'm moving back to Norway. Wait. I forgot. I'm not a top earner....
Cupping new coffee samples in Rwenzori, Western Uganda, with our team and my son. Rwenzori (The Mountains of the Moon) has the potential to grow wonderful coffee, with its unique soils and climate. Hope you enjoy some nice coffee this weekend! 😊
Uganda has 2 million smallholder coffee farmers. Making Uganda second in the world in the number of coffee farmers.
How many of you guys are muslims only today, to enjoy the feast? (I know some...) 😄
Relax ssebo (sir), today is Eid! one of the guys on 7th Street called to me as I was jogging by, approaching the office. For some of us, it's another day of hustle. For the rest of you: Eid Mubarak!
Theory and reality...
I'm afraid this is what Uganda is now doing. Digging a grave for their people with the help of taxes.
I'm afraid this is what Uganda is now doing. Digging a grave for their people with the help of taxes.
Let's join forces and do this! 🏆
Good stuff.
@ponton_alex @rkabushenga What about "Ugandan Coffee - It's Wild!"
Made in Uganda! 🤩
This is shocking numbers. Huge drops like this shouldn't happen unless there are disasters like civil war causing it. So what happened? Where did these companies go? Wish URA would elaborate more on what has happened. This is an unbelievable disaster for Uganda.
This is shocking numbers. Huge drops like this shouldn't happen unless there are disasters like civil war causing it. So what happened? Where did these companies go? Wish URA would elaborate more on what has happened. This is an unbelievable disaster for Uganda.
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Africa will not grow with VC funding alone but we are not yet ready for that conversation. We have masked it with impact saying we can create impact and give above market rate returns. This was a major learning for me at Skoll. Impact and 10x return cannot co-exist! Am I wrong?
My Wish on My Birthday I conducted an investment readiness training in Zambia close to a year ago. It was my first one. After four days of training, it culminated in a pitch day in front of investors. The Zambian entrepreneurs there reminded me a lot of the folks I engage with…
Zoho also has an awesome origin story that I think should be a source of inspiration for African entrepreneurs. The company was bootstrapped, is still privately owned, and now does over $1 billion in annual revenue. It's grown into a global company with over 15,000 employees…
Zoho, a lesser-known Indian rival of Google and Microsoft in the enterprise software space, has been upping its presence in Africa as an affordable alternative restofworld.org/2024/zoho-goog…
Live longer. Africans' average life expectancy is now 64.38 years, six months longer than just two years ago (63.82 years in 2022). For the past few years, life expectancy has increased between 0.4% and 0.5% every year.
Best take on the EFRIS debate so far from @mkiboneka. This is hilarious (and accurate) ⬇️ youtube.com/watch?v=ROQQSd…
I went to buy #insurance today and found this piece of technology. My mom was a star at it in the 90's. She'd operate the big ones with her eyes closes.
@hallaboutafrica Kenya had a CJ (Mutunga) who said this was not necessary and even "africanized" the judges robes a little bit. The next CJ promptly returned these ugly things and took us back 10 million years.
Coz it honours a glorious colonial legacy? 🤔Cost of a judge's 2 wigs (full wig in pic + bench wig, handmade in Britain of horse hair) is US$5026. Nigeria has 94 Federal Judges, 21 Supreme Court Justices = US$464,255. Bailiffs must also wear wigs but theirs are cheaper.
Very few airport terminals are that neat in this region. Side eye to EBB. The Dar es Salaam SGR terminal. Tanzanians just being quiet (or mostly speaking to themselves since they use Swahili a lot) about what they are doing/intend to do is an interesting thing to see/witness.
CORRECTED: How EFRIS breaks the law. Exhibit A - Illegal restriction on cash basis accounting for small businesses. Katubeere kiliya.
Fellow Ugandans, especially the Bazzukulu, while meeting the traders on 19th April, 2024, they raised the issue of the computer gadget known as EFRIS. The traders pointed out that many of them are not well educated and cannot use that gadget which will necessitate them to hire…
Quote of the day: "You can either cry in the storm or dance in the rain" Perspective my friends, perspective...
Only one building in London is allowed to have a thatched roof — the Globe Theatre, where Shakespeare acted and plays like Hamlet were first performed. But this isn't the original Globe Theatre; that burned down 400 years ago. This one is less than 30 years old...
We can't use the Busega-Nsangi route. Mabira-Mbalala-Mukono-Nakawa route is beans. Jinja-Kayunga has a broken bridge. The Katonga bridge is a makeshift one and might give way if these rains are any indicator. Karuma is past its sell by date. Tanzanians: SGR ready.
Tanzania testing their SGR train, check the speed.. we couldn't afford the same or we got shortchanged?
15 years ago, I acquired my first Samsung in first year at Uni and later an iPhone I was so fascinated by the internet that I read half of the cases on ULII. I also got friends in Kenya, SA, UK, Canada & USA to send me the latest decisions. Till now, I read 20 cases every week.
#EFRIS: Some lessons from history: Of Kings, evil tax collectors and rebellious taxpayers!
My son left a gift in my work bag. Now I have to play "Hop Hop Hop like a Kangaroo" I hope they don't fire me.