Create A Wall Of Fame At The Entrance Foyer Of Church House

By Chris Mwesigye Bishaka

The Archbishop of the Church of Uganda Rt. Rev. Kaziimba Mugalu, has called on over 1,000,000 Anglican believers to contribute 60,000/= UGX each so that the church can pay off 60b loan it owes to Equity Bank the founders of the multi billion church house.

However the author feels that, instead of compelling believers to contribute cash, creating a wall of fame can be a better pragmatic strategy. Below is how he proposes to do it.

Let me break it down further for the COU commissioners.

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STEP 1: register Church House as a limited liability company.

STEP 2: divide it into 2 million shares.

STEP 3: let the Church Commissioners and dioceses retain 1 million shares.

Artistic Impression of Church House Kampala

STEP 4: sell 50% of the company comprising 1 million shares at Sh.70,000 for a single share. Ensure no single investor buys more than 25%.

STEP 5: raise Sh.70 billion and use part of the money to pay off the bank loan.

STEP 6: give dividends to shareholders at the end of the year from profits made.

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Chris Kato

Uganda Today is a source of analytical, hard and entertaining news for audiences of all categories in Uganda and internationally. Uganda Today cut its teeth in Ugandan media industry with its print copies hitting the streets in October 2014. We are heavily indebted to all our publics and stakeholders who support our cause in one way or the other. To comment on our stories, or share any news or pertinent information, please follow us on: Facebook: Uganda Today Twitter: @ugtodaynews WhatsApp:+256 702 239 337 Email: Website:

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