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Six signals that your startup could be the next Google

Martin Zwilling

By Martin Zwilling

I tell entrepreneurs that Google was an “exception” to all the investment and startup rules, but I’ve always wondered what it takes to be an exception. Since every business is built by unique individuals, I’m totally convinced that exceptional people are the key to an exceptional company.

To check out the Google founders, and because I still see so many business plans that are modeled after Google (more search engines, and more billion dollar growth models), I had to take a look at the classic book about them a while back, called “Inside Larry & Sergey’s Brain,” by Richard L. Brandt. It didn’t disappoint me.

This book was not sanctioned by Larry Pageand Sergey Brin, so it’s not a love story. All the controversy is highlighted, but the message still seems to be that these guys were and are exceptional in their efforts to build a company. Here are some lessons from the book that all entrepreneurs should wish they could emulate:

Independently outstanding, but complementary founders. Larry is the primary thinker about the company’s future direction, and still weighs in heavily on key hiring decisions. Sergey, a mathematical wizard, is the arbiter of Google’s technological approach. Both have a deep sense of moral values and ethics, and work well together.

Unique business tactics. Technology alone does not make a great company. Business tactics do. Google developed the most profitable form of advertising anyone had ever seen, ads selected real-time based on search terms. They focused on small advertisers looking for bargains. The model was a perfect fit for the Internet Age.

Survived phenomenal early growth. In 2003, just four years old, sales hit $1.5 billion, profit was $100 million, and it had taken over some 80 percent of the world’s search queries. Google now employs about twenty thousand people. Most founders don’t survive this kind of growth and change, but Larry and Sergey are still a well-balanced machine, with a net worth of over $50 billion each.

Leaders loved and hated at the same time. Larry and Sergey have been wickedly clever. They break the mold. They challenge old industries and make a lot of enemies. They’re ruthless businessmen. Yet through it all, they’re idealists, believers in the power of the Internet to make the world a better place.

Founders surround themselves with the best people. Early on, they were able to get money from the likes of Andy Bechtolsheim and John Doerr. They convinced Eric Schmidt to take the reins with them for growth as interim CEO and Executive Chairman for years, and had Dr. Larry Brilliant to set up the philanthropic arm. Amazing.

Continue to think big. According to the book, both founders continue to think big. Some of their ideas are as flighty as space travel; others are as grounded as the DNA that makes them who they are. No one proclaims to know where its leaders will take Google and Alphabet next, but everyone expects more great things.

Even the pros should probably pay attention here, to sharpen their game and to improve the accuracy of their assessments about people in general, as well as Google’s motivations and intentions. I think Larry and Sergey have shown a relentless focus on innovation that puts them miles ahead of competitors on all fronts.

I challenge each of you, as you reflect on your own vision and entrepreneurial plans, to take a lesson from Larry and Sergey. Do you have the intestinal fortitude to walk away rather than be “corrupted by financial interests,” or to ignore conventional wisdom and follow your own instincts?

If so, then you too may be the exception that even the best and the brightest will line up to support. This world needs more exceptional people. Act like one and you too may be one.

The writer is a veteran startup mentor, executive, blogger, author, tech professional, professor, and investor. Published on Forbes, Entrepreneur, Inc, Huffington Post.

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Corporate Taxation in the global economy

Christine Lagarde

By Christine Lagarde

The public perception that some large multinational companies pay little tax has led to political demands for urgent action.

It is not difficult to see why.

Let me highlight three reasons why a new approach to international corporate taxation is urgent.

First, the ease with which multinationals seem able to avoid tax, and the three-decade long decline in corporate tax rates, undermines faith in the fairness of the overall tax system.

Second, the current situation is especially harmful to low-income countries, depriving them of much-needed revenue to help them achieve higher economic growth, reduce poverty, and meet the 2030 Sustainable Development Goals.

Advanced economies have long shaped international corporate tax rules, without considering how they would affect low-income countries.

The International Monetary Fund (IMF) analysis shows, for example, that non-OECD countries lose about US$200 billion in revenue per year, or about 1.3 percent of GDP, due to companies shifting profits to low-tax locations.

These countries need a seat at the table. The Platform for Collaboration on Tax, a joint effort by the IMF, World Bank, OECD and the UN is helping on this front.

Third, an impetus for rethinking international corporate taxation stems from the rise of highly profitable, technology-driven, digital-heavy business models.

These business models rely heavily on intangible assets, such as patents or software that are hard to value.

They also demonstrate that assuming a link between income and profits and physical presence has become outdated.

This in turn has sparked fairness concerns. Countries with many users or consumers of digital services find themselves with little or no tax revenue from these companies. Why? Because they have no physical presence there.

So, we clearly need a fundamental rethink of international taxation.

Yet this means countries must work together. Making progress requires coordination among all, and in the right direction.

New IMF research analyzes various options in the context of three key criteria: better addressing profit-shifting and tax competition; overcoming the legal and administrative obstacles to reform; and ensuring full recognition of the interests of emerging and developing countries.

The current international corporate tax architecture is fundamentally out of date. By rethinking the existing system and addressing the root causes of its weakness, all countries can benefit, including low-income nations.

The writer is the President of IMF

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Works Ministry to take over East African Civil Aviation Academy in Soroti

East African Civil Aviation Academy.

Cabinet yesterday approved the proposal by the Ministry of Works and Transport for the government of Uganda to take over the ownership of the East African Civil Aviation Academy (EACAA), Soroti.

According the government Spokesperson who doubles as the Executive Director of the Uganda Media Centre, Ofwono Opondo, the benefits of the takeover will enable the country:

Train commercial Pilots and Aircraft maintenance Engineers for the Uganda Peoples’ Defence Air Forces, Uganda Police Air Wing , the Executive (Presidential) Jet, commercial and general aviation as well as feeding into the newly revived Uganda Airline; maximize the benefits from investments made by Government of Uganda at EACAA since 1977; save the country colossal sums of foreign exchange which would be used for training pilots and Aircrafts Maintenance Engineers abroad/overseas;

And strengthen the Civil Aviation Authority (CAA) as well as promote Uganda’s image and credibility as a centre of excellence in the aviation industry.

Cabinet also approved the guidelines for the negotiation of loan and grants by the government which will provide for: Secure financing on affordable terms; ensure that Loans and Grants are negotiated and closed with affordable rates and better terms and conditions and avoid unnecessary risk to Government and to resolve foreseen implementation related issues.

Also approved was the transformation the Presidential Initiative on Banana Industrial Development Project (PIBID) into the Banana Industrial Research and Development Centre (BIRDC) for industrial application as a successor body with a legal mandate as detailed in the BIRDC’s Strategic Plan for FY 2019/2020 to 2023/2024. The transformation will: Provide Leadership in Research and Development over the banana theme; generate competitive agribusiness models for rural transformation and commercialization; unpack and transfer appropriate technologies to entrepreneurs across the sector.

Cabinet further approved the National Climate Change Bill, 2018. The bill will; provide a legal frame work for enforcing climate change adaptation actions through which Uganda will be able to make adjustments in natural or human systems in response to actual or expected impacts of climate change in a manner that will reduce harm or exploit potential opportunities and enable Uganda pursue its voluntary mitigation targets of reducing national greenhouse gas emissions.

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Tanzania President rewards Taifa Stars players with plots of land after Afcon qualification

President Magufuli and the team.

Tanzania President John Pombe Magufuli has awarded each Taifa Stars player with a piece of land in appreciation for qualification to the 2019 Africa Cup of Nations in Egypt.

The Taifa Stars beat cross-border rivals Uganda 3-0 in Dar es Salaam in an encounter on Sunday to qualify for the Africa Cup of Nations finals for the first time in 39 years.

Saimon Happygod Msuva, Erasto Nyoni and Aggrey Morris scored for the hosts at the Taifa National Stadium.

After the historic win, the team met the President at the State House on Monday, who has awarded them with a piece of land each in Dodoma.

“I didn’t have a plan to call the team to State House because they lost to Lesotho, a small country. On the Matchday, I opted to watch the game from home as I was afraid, we would be embarrassed again. But all the pain is gone now after the win over Uganda,” Magufuli is quoted by ITV Tanzania.

“These players have impressed me, and I think they deserve a reward. I am going to award them on behalf of the whole nation. The playing unit will get a piece of land in Dodoma where they will build their houses.

“Qualifying for Afcon is just the beginning of the fight, all the Tanzanians are happy and I would like to congratulate them for the support and patriotism which they showed during the match.”

Tanzania finished second in Group with eight points from six matches. The side is managed by former Nigeria international Emmanuel Amuneke.

Four countries from East Africa; Kenya, Uganda, Tanzania and Burundi have all qualified for the tournament which will be played in Egypt from 21 June to 19 July 2019.

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52 South Sudanese to benefit from Africa entrepreneurship programme

TEF PROGRAMME 2019

By Julius N. Uma

March 22, 2019 (ABUJA/JUBA) – 52 South Sudanese are among the 3,050 African entrepreneurs selected to join the fifth cycle of Tony Elumelu Foundation (TEF) $100million entrepreneurship programme.

This year, TEF said in a statement, over 216,000 applications were received, a rise from last year’s 151,000. Also nearly 90,000 were submitted by female entrepreneurs, an increase of 45 per cent, illustrating the foundation’s strategy to achieve greater gender balance.

The selected entrepreneurs will each receive non- refundable $5,000 of seed capital, access to mentors, and a 12-week business training programme, directly focused on the needs of African entrepreneurs.

“Every year, we face an almost impossible task – to select 1,000 entrepreneurs, from the hundreds of thousands that apply. Our entrepreneurs are hungry to effect change. We know we are only scratching the surface, we see the depth of entrepreneurial talent, that all of us – government, business indeed African society, must harness to transform our economies and livelihoods,” TEF founder, Tony O. Elumelu, said during Friday’s announcement of the winners.

He added, “We must rally together to empower them and accelerate the change we want on the continent”.
Ifeyinwa Ugochukwu, TEF’s incoming CEO said the foundation entrepreneurship programme has so far successfully empowered 7,520 entrepreneurs in the first five years of the 10-year programme.
Meanwhile, Aisha Buhari, the wife of the Nigerian President commended the programme’s impact on the continent, charging the selected entrepreneurs to contribute to Africa’s advancement.

“Indeed, I am confident that these Tony Elumelu entrepreneurs will inspire deep confidence and be of immense value not just to Nigeria but to the entire continent,” she said.
Founded by African investor and philanthropist, Tony O. Elumelu, TEF is the leading African philanthropy committed to empowering African entrepreneurs. The foundation is reportedly guided by the philosophy, Africapitalism, which proposes that the private sector holds the key to unlocking the sustainable development of Africa.

The Foundation’s growing list of partners include, the International Committee of the Red Cross (ICRC), the United Nations Development Programme (UNDP), the Federal Republic of Benin (Seme City), the Anambra State Government, Indorama, the Government of Botswana and African Development Bank (AfDB).
Since its inception in 2015, at least 7,520 entrepreneurs have been empowered by the foundation, with support from its partners.

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General Court Martial remands Kitatta to Luzira prison amid protests

Abdu Kitata in the dock

The chairman of General Court Martial, Lt Gen Andrew Gutti, has ordered for transfer of the embattled patron of Boda-Boda 2010, Abdullah Kitatta to Luzira maximum prison over allegations that the facility was putting his life in danger.

His transfer followed a request made by army’s prosecutor Capt. Samuel Masereka who informed court that it’s now safe to remand Kitatta to Luzira prison as his case is coming to an end.

Capt. Masereka revealed that Kitatta was transferred to military detention facility following previous attempt on his life however, said that he will be safe since security has been boosted at Luzira prison.

Kitatta’s lawyer Shaban Sanywa argued the decision to transfer his client without guaranteeing him safety saying Kitatta was transferred form Luzira prison for his safety.

He objected to the transfer of his client however, Court chairman insisted and remanded him to Luzira till April 8, 2019 when his will came up for hearing.

Conversely, prosecution closed its case after three of their witnesses declined to testify against Kitatta. The witnesses included; Sargent Allan Matsiko, one of Kitatta’s bodyguards, Private Kenneth Okello who was reportedly in charge of the Armory where the said guns were obtained and the Manager of Vine Hotel where Kitatta was allegedly nabbed from.

Speaking journalist Sanywa said his client would be safe if he was remained in military detention facility other than any other facility.

Kitatta was in January arrested by a joint force of Uganda People’s Defence Forces (UPDF) and Internal Security Organization (ISO) and is currently facing five counts including failure to protect war material and being in unlawful possession of military stores contrary to the UPDF Act.

His co-accused include Sowali Ngobi, Amon Twinomujuni, Joel Kibirige, Matia Ssenfuka, Hassan Ssebata and Johnson Kayondo. The others are Hassan Ssengoba, Sunday Ssemwogerere, John Ssebandeke, Hussein Mugema, Fred Bwanika and Ibrahim Sekajja.

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Magogo despises Cranes performance against Tanzania amid match-fixing claims

Moses Magogo

The President of Federation of Uganda Football Associations (FUFA), Moses Magogo has expressed his disappointment over Uganda cranes’ defeat against the Taifa stars of Tanzania in the last game of 2019 Afcon qualifiers.

Coming into the game, Uganda had already qualified for Afcon but was humiliated 3-0 with goals from Saimon Happygod Msuva, Erasto Nyoni and Aggrey Morris at the Taifa National Stadium.

The result left many Ugandan football fans on social media saying the match was allegedly fixed to help neighbours Tanzania qualify for the Africa Cup of Nations for the first time in 39 years.

But Eng. Moses Magogo took his disappointment on his Facebook account saying FUFA ought to understand why cranes team was beaten when all allowances and outstanding bonuses were fully paid before the match.

“This is the worst result of the Uganda Cranes in my administration. No one can feel more disappointed than me. As administration, we provided everything the technical team and players wanted.” Eng. Magogo wrote.

“The coach asked for a camp in Egypt, we provided it. Bonuses of 2500 USD per player for the win and 1500 USD for a 0-0 draw were announced before the match of Tanzania,” reads part of the statement.

Magogo said he will listen to any explanation why it is not the coach and the team responsible for this dismal performance but the FUFA President and/or the administration.

“We are as football fans are hurt by the bad results. We are also football fans sometimes in disagreement with the decisions of the coaches but we support them because they are the most technical. Now is the time for the coaches to explain their selections and tactics but not before the match.” He said.

He said FUFA will wait for the technical explanations from the technical team of the match. “Now is the time for the coaches to explain their selections and tactics but not before the match. We will wait for the technical explanations from the technical team of the match. It is Our Game, It is Our Country” He concluded.

This is the first time East Africa will be represented at Afcon by four nations; Uganda, Tanzania, Burundi and Kenya. The tournament will be played from 21 June to 19 July in Egypt.

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Uganda marks World TB day

Tuberculosis

Uganda has joined the rest of the world to commemorate World TB day aimed at raising public awareness about the devastating health, social and economic consequences of Tuberculosis (TB) and to step up efforts to end the global TB epidemic.

The date marks the day in 1882 when Dr Robert Koch announced that he had discovered the bacterium that causes TB, which opened the way towards diagnosing and curing this disease.

According to minister of health Jane Ruth Acheng, Uganda is one of the 22 high TB burden countries in the world however said, it’s the responsibility of every to prevent the spread of TB

Recently, World Health Organization (WHO) launched a joint initiative dubbed ‘Find, Treat, All, End TB’ with the aim of accelerating the TB response and ensuring access to care, in line with WHO’s overall drive towards Universal Health Coverage.

She said the day avails opportunity to reflect on the advances that have been made in recent years but also on what remains to be done to end the scourge of TB in Uganda, Africa and the rest of world.

“TB remains the world’s deadliest infectious killer. Each day, nearly 4500 people lose their lives to TB and close to 30,000 people fall ill with this preventable and curable disease,”

The day was marked in Ruhama Sub County in Ntungamo district under the theme ‘It’s time for Uganda to End Tuberculosis. It starts with me’.

“Ending TB means 10 or less cases per 100,000 population. Currently, TB prevalence stands at 201/100,000 however Stigma remains a big impairment to TB health care seeking in Uganda,” she said.

Global efforts to combat TB have saved an estimated 54 million lives since the year 2000 and reduced the TB mortality rate by 42 per cent.

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Kagame accuses Uganda of non-tariff barriers, says politics affecting integration

Rwanda President Paul Kagame.

Rwandan President Paul Kagame on Monday accused Uganda of erecting non-tariff barriers to trade in the region, which he said are detrimental to integration.

Responding to a question by CCN Correspondent Ellen Giokos, at the African CEO Forum in Kigali on whether the closure of the Gatuna border point was impacting economic integration in the East African Community, Kagame referred to past incidents in which Ugandan authorities allegedly held goods in transit over unclear reasons.

“Mineral containers from Kigali to Mombasa were held in Uganda for five months…Kenyans who bought milk from Rwanda had containers held in Uganda for days until tens of thousands of litres were spoilt. Politics is behind this rather than anything else,” he said.

Last year, Ugandan authorities impounded two trucks belonging to Mineral Supply Africa transporting 40 tonnes of tantalum and tin valued at about $750,000 while on their way to Mombasa, claiming that the transporters were using forged tracking certificates.

The trucks were later cleared and allowed to continue their journey to Mombasa after three months.

Kagame also told the delegates, among them Congolese President Felix Tshisekedi and Ethiopia’s Sahle-Work Zewde, that Uganda had imprisoned hundreds of Rwandans and denying them consular services.

“We have our people imprisoned in Uganda in places that are not known. We have brought this up with Uganda for the past two years and are getting nowhere,” he said.

“We have three border points that connect us with Uganda and it is only one that is not working at full capacity, it is at 20, 30 per cent because of construction works, and we hope that it in the next few weeks it should be working.”

Rwanda has also accused Uganda of supporting rebel groups and dissidents opposed to the Rwandan government.

Rwanda has barred its citizens from crossing into Uganda, citing possible arrest, torture and deportation.

But President Yoweri Museveni in a letter to the Rwandan leader last week, denied the claims.

On its part, Uganda says that Rwanda is the one that imposed trade barriers, affecting the flow of goods in a key transport channel that runs from Mombasa through Uganda, serving both countries and others such as Burundi, Eastern Congo and South Sudan.

“What is wrong is for Rwandan agents to try to operate behind the government of Uganda. I get a lot of stories, but I will never raise them unless I have confirmed them,” President Museveni said in his letter to President Kagame.

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Police to hold a memorial service for Christine Alalo

AMISOM Deputy Police commissioner, Christine Alalo perished aboard the Ethiopian plane.

Police has announced that it will tomorrow hold a memorial service for the Commissioner of police, Christine Alalo, who perished in the Ethiopian Airlines flight on Sunday, March 10.

Police Commissioner Christine Alalo was aboard Ethiopian Airlines flight ET302 from Addis Ababa to Nairobi which crashed a few minutes after taking-off from Bole International Airport on Sunday.

The memorial service will be held at All Saint’s Cathedral Nakasero where police officers will gather to pray for the fallen officer.

According to police Spokesperson Fred Enanga, police dispatched a team of professionals with the deceased children to Ethiopia in a bid to help in identification process of its fallen hero who died in a plane crash. He said the team returned last Wednesday without the body nor and the ashes of the heroine.

“The process of getting Alalo’s remains may take up six month since officials of Ethiopian government officials are conducting DNA test from blood sample obtained from deceased’s relatives,” said Mr. Enanga.

He said upon the identification process and establishing of Alalo’s remains, her family, and relatives will be informed about burial arrangements.

Today police officers and other mourners are expected to gather at the Alalo’s home in Seeta where they will sign a condole

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