Keith Jefferis, the Senior Advisor to the Botswana Ministry of Finance and Economic Development, says operational costs in Uganda account for 60% of the expenses of banks compared 40% in other countries, and this contributes to the high lending rates in Uganda.
Eng. David Luyimbazi, the Deputy Executive Director of KCCA, says this partnership is to focus on solving major challenges facing the city including building urban resilience in slums/informal settlements and integrating the informal economy.
According to the Central Bank Quarterly Financial Stability Review report, the Banking Sector remained adequately capitalized to absorb emerging shocks and that the capital increase was largely boosted by an improvement in aggregate profitability.
Speaking to the leaders this afternoon shortly before the commissioning at Manafwa district headquarters, Museveni asked the roads users to desist from smuggling, saying that when goods are smuggled government does not get taxes to construct roads like the one he commissioned today.
Sam Wakoko the chairperson of the group says he has failed to mobilize members to pay 10,000 each as some of them are telling him they do not have anything to feed their families, forcing them to quit. He says this problem affects other groups as well.