Thursday, July 3, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Agilitee founder, Dr Lamba speaks on Artificial Intelligence and the global economy in 2023

by OUR REPORTER | UG STANDARD
22/12/2022
in News, TECH
Reading Time: 5 mins read
A A
0
Share on FacebookShare on Twitter
Dr. Mandla Lamba, the founder and Chief Executive at Agilitee Limited (PHOTO/Courtesy)
Dr. Mandla Lamba, the founder and Chief Executive at Agilitee Limited (PHOTO/Courtesy)

Dr. Mandla Lamba is an African Billionaire who is the richest person in South Africa and the second richest man in Africa with a net worth of $18. billion, this is after Aliko Dangote who is worth $19.1 billion.

He came to prominence through the rise of his GreenTech & AI business known as Agilitee.

Related posts

Hon. Kasolo nominated for NRM Vice Chairperson, Buganda Region

03/07/2025
176
The accused persons in court today.

Vandalism of Electricity Equipments: 17 charged with terrorism

02/07/2025
193

Looming unemployment: Farmers, Residents in shock as NEMA boss orders the demolition of multi million chicken farm

30/06/2025
306
Suspects in court on Monday.

Mpigi District boss, District Service Commission Members Charged over illegalities in Job offers

30/06/2025
163

Agilitee is the first Electric Vehicles Manufacturer and GreenTech Company in Africa and the first black owned in the world.

Agilitee became a public company on the 1st of September 2022 with a total issued share capital of 1 billion shares and Lamba owns 900 million shares that represent 90% of Agilitee and the company is currently raising a total of $2 billion by selling 10% of Agilitee at $20 a share.

But what many don’t know is that Lamba is a market analyst whose love for the financial markets started in 2007 when he founded Verityhurst, a Private Equity Firm that invests in publicly traded companies in South Africa and abroad. Verityhurst invests on balance sheet and does not accept third party capital as it purely invests its own money.

Over the past 15 years since Verityhurst was formed, the firm has invested in companies that are listed on the Johannesburg Stock Exchange such as, DRD Gold, MTN, Accelerate Property Fund, Prosus, Sasol just to name a few and these are companies where the firm held very minority interests. Verityhurst also held significant investments in other companies where it also had influence on strategy at board level, those companies are Labat Africa Ltd, Pembury Lifestyle Group and Visual International Holdings which are also listed on the Johannesburg Stock Exchange. During Covid 19, Verityhurst poured millions into Pembury Lifestyle Group and Visual International Holdings as interest free loans to save these companies from collapse.

At the time Visual International Holdings was suspended from trading by the Johannesburg Stock Exchange for failure to submit audited accounts on time and Verityhurst came in and saved the day by providing R6 Million interest free loan to help the company pay its auditors, other creditors and get a new audit of its books until the Johannesburg Stock Exchange was satisfied to uplift the suspension of VIS and the company still trades on the Johannesburg Stock Exchange this day.

In the same year of 2020, Verityhurst saved another JSE listed company Pembury Lifestyle Group from liquidation, saved over 200 teachers jobs and even a month ago in November 2022 Verityhurst signed an almost $2 million interest free loan with the company that will assist the company to clean its balance sheet and at the right time the loan will be converted into shares.

Through structuring and engineering these financial transactions and investments, Lamba learned the art of investing with a great flair of market analysis which helped him know when to buy shares, when to hold and when to exit investments.

In 2019 he started providing market analysis on his social media platforms until it attracted the SABC and he was called to SABC TV News Channel 404 to provide market analysis with both local and global focus. This is where on the 28th of June 2019 Dr Lamba predicted the 2020 Market Crash and global recession and advised people to start selling their positions as his Verityhurst was also doing. Verityhurst exited all its investments by December 2019 and the markets crashed two months later, that was 20 February 2020 when the markets crash.

His market analysis has been so precise that the SABC’s largest radio station with almost 8 million listners gave Dr Lamba a feature on a program called 1223 Cafe with Siya Mhlongo and Selbyonce Mkhize and the feature was called Umnotho Wezwe (World Economy) and this became the first time that there was a dedicated feature for financial markets in vernacular particularly in Zulu. SABC is where he made a lot of predictions that included the global recession and a global market crash that happened in 2020.

He started of 2021 with predictions of a global recession again, but this one he said will be a global economic reset that will usher the planet to a New World Order that will be driven by the Green Revolution and Artificial Intelligence.

WARNING FOR THIS FESTIVE SEASON

Dr Lamba says people should be frugal this festive season and ensure to spend less as he believes that the world is headed for the biggest economic depression in human history. He says because the nature of this one is to introduce a New World Order that will lead to the end of many industries and wipe away around 2 billion jobs globally.

He says that this week as companies are closing, many of them will be retrenching a lot of people to a degree that when the markets crash in 2023 more jobs will be lost and never be recovered. He is warning everyone to learn more about the green revolution and Artificial Intelligence and up-skill themselves in areas where humans will do better than AI.

Dr Mandla Lamba says, “The rise of AI will introduce us to a job market where there’s no lack of jobs but a scarcity of skills to an extent that companies will end up deploying AI because humans won’t be to do most jobs. Most things will get automated but I see that Africans are relaxing and not bothered because they believe that the degrees they have will save them when in all truth and honesty 70% of the qualifications people have will be irrelevant in the New World Order and most people even the highly respected and most skilled today will be relying on government grants.

Those who will survive this will be either those who up-skill or those who will start solution oriented businesses that can solve the problems of the future, but we are heading into a world where around 70% of the world population will be unemployed. After this looming global market crash we will be ushered into this New World as the global economies recover, the markets will take 36 months to recover after the crash which means there’s not much time left for humans to adapt to the new settings of the world.

I am sharing this information because I believe that this is the only time where Africa has a chance to build immunity against this chaos because, because historically, Africa has always been the greatest victim of market crashes, economic recessions and depressions because our people don’t listen and choose to be stubborn and later suffer from something they could’ve prepared for because this will be not stopped by anyone, it is happening and it is final.

Those who will listen to me and take heed of this will be safe. The global recession has already started but once it deeps to a depression markets will crash in a crazy way. So those who are getting bonuses this festive season, don’t go buy things you don’t need but find something you can put your money into and generate a passive income that won’t rely on you working to get it, because soon you will be without a job and won’t find any so it is important to understand that even saving money won’t help you this time around because you will spend it and finish it abd still no job. What happens if you were saving money and your income stops because you lost your job and then you have to start spending those savings until there’s nothing left. It’s time to wake up Africa.

It is time Africans wake up and realize that, the time pretend and look rich is over, it is time build immunity against the poverty that will be brought by this looming global economic depression.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: About Agilitee LimitedAgilitee At LastAgilitee founder Mandla LambaFeatured

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
305

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
618
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
1k
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
496
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4364 shares
    Share 1746 Tweet 1091
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    3936 shares
    Share 1574 Tweet 984
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2661 shares
    Share 1064 Tweet 665
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3322 shares
    Share 1348 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1783 shares
    Share 713 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1650 shares
    Share 660 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

Hon. Kasolo nominated for NRM Vice Chairperson, Buganda Region

03/07/2025
Sandra Nabakka, Day Light Solar Energies

Day Light Solar Energies selected for The Safe Water Accelerator 2025

03/07/2025
George William Kiyingi, PostBank's Head of Agent Banking and Fintech Distribution, highlights how the Wendi digital wallet has surpassed UGX 1 trillion in PDM disbursements

Wendi Digital Wallet surpasses UGX 1 Trillion in PDM disbursements

03/07/2025
Mr. Richard Baguma addressing participants.

Government urged to prioritize Health sector in SDG 3

03/07/2025

Kakuru pledges to amplify voices of entrepreneurs after historic nomination

02/07/2025
Sheila Agaba (centre), the Business Manager at the Stanbic Business Incubator Limited, posing for a photo with other stakeholders at the event

Stanbic partners with GIZ to support women in green businesses in Uganda, Kenya and Tanzania

02/07/2025

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

02/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Hon. Kasolo nominated for NRM Vice Chairperson, Buganda Region
  • Day Light Solar Energies selected for The Safe Water Accelerator 2025
  • Wendi Digital Wallet surpasses UGX 1 Trillion in PDM disbursements
  • Government urged to prioritize Health sector in SDG 3
  • Kakuru pledges to amplify voices of entrepreneurs after historic nomination
  • Stanbic partners with GIZ to support women in green businesses in Uganda, Kenya and Tanzania

OpED

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

Why de-register a Motor Vehicle in Uganda: and Consequences of Non-Compliance

Challenges of taxing law firms in Uganda

SHEILA ABOTH: Maternal healthcare must be everyone’s business because it takes a village

DARIUS NIWAHA KISHAHO: Securing Health After Retirement: Why a Post-Retirement Medical Cover is a Necessity, Not a Luxury

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d