Edgar Okitoi III

643 posts

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Edgar Okitoi III

Edgar Okitoi III

@egokitoi

🥀🦆🩵

Kampala, Uganda Katılım Nisan 2023
3.2K Takip Edilen992 Takipçiler
Herman Tuhairwe
Herman Tuhairwe@htuhairwe·
@egokitoi kesho? now watching 22 adults chase a round piece of leather in north london
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Edgar Okitoi III
Edgar Okitoi III@egokitoi·
Sovereignty Bill went to a vote today. I ran it through two of history’s greatest moral philosophers. To Bentham, the math doesn’t work and to Kant, the principle is impermissible. Two men who agreed on nothing in my view agree on this. Your thoughts? open.substack.com/pub/edgarokito…
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Edgar Okitoi III
Edgar Okitoi III@egokitoi·
The Supreme Court of Uganda reminded Uganda’s finance lessors of a principle they should never have forgotten. “Nemo dat quod non habet.” Tried to put down my thoughts. Link below open.substack.com/pub/edgarokito…
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Edgar Okitoi III
Edgar Okitoi III@egokitoi·
Kenya just banned debt shaming, mandated affordability checks, and made algorithms legally accountable. The Silicon Savannah just grew up. Uganda is next, whether the Bank of Uganda leads or the market forces it. open.substack.com/pub/edgarokito…
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Edgar Okitoi III
Edgar Okitoi III@egokitoi·
When a company buys back its own shares, it’s in my view saying, “You’re underpricing us.” Centum just wrapped a 3-year buyback programme on the NSE and the numbers reveal a lot about liquidity, shareholder behaviour, and capital strategy in East Africa. open.substack.com/pub/edgarokito…
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Edgar Okitoi III
Edgar Okitoi III@egokitoi·
Goodwill is not residual, it is as Lord McNaghten put it in IRC v Muller and Co's Margerine Limited AC 217 at 223, “the attractive force which brings in customers.” Built over years, destroyed in a letter and now finally priced by an Ugandan court. Amazing decision
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Edgar Okitoi III
Edgar Okitoi III@egokitoi·
The court didn’t take the full figure though saying 20 years was too aggressive, NBL owned the brand and Goodwill fluctuates with competition and market conditions. The court applied 5 years of projected continuity instead and the final award was UGX 1,117,687,085.
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Edgar Okitoi III
Edgar Okitoi III@egokitoi·
UGX 100 million. That’s what a High Court thought 19 years of exclusive distribution, two warehouses, a fleet of vehicles, and a UGX 2.5 billion facility was worth in goodwill. @MuwemaLaw disagreed and so did the Court of Appeal. open.substack.com/pub/edgarokito…
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Slower Investor
Slower Investor@gemfinderaf·
@SilverKayondo Making banking and FDI 'foreign agent' work? Capital doesn't argue with hostile regulation. It just leaves. We know all about those big leakages in these markets.
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