It has been a big stumbling block to the country’s competitiveness. The long awaited anti-money laundering bill was finally passed by Parliament of Uganda in August 2013 and now awaits presidential assent to become law. The Anti-Money Laundering law is aimed at combating corruption, drug trafficking and terrorism financing through criminalizing money laundering activities. As one banker lamented in 2010, “Bank of Uganda, through the Financial Institutions Act 2004, has been requiring us to undertake a thorough background check on customers through know-your-customers rules, flag suspicious transactions and report them as well as categorize customers based on risk assessment on…
Are you an effective leader?
So you’re a new leader, what next? How you begin your leadership career is critical to your long-term success as a leader. If you’ve the right common sense, life skills and technical knowledge (right qualifications) to set the right tone, you will have the right foundation to last a lifetime. If you don’t, you are highly likely to fail in delivering your company to profitability. What do you think is the number one cause of business failure? Why are many businesses failing? The number one thing is not something you may think. In 1997, I was one of the students…
Are you an effective leader?
So you’re a new leader, what next? How you begin your leadership career is critical to your long-term success as a leader. If you’ve the right common sense, life skills and technical knowledge (right qualifications) to set the right tone, you will have the right foundation to last a lifetime. If you don’t, you are highly likely to fail in delivering your company to profitability. What do you think is the number one cause of business failure? Why are many businesses failing? The number one thing is not something you may think. In 1997, I was one of the students…
Legal issues in mobile money transactions in Uganda: challenges and next steps
Presentation by Mustapha B. Mugisa, at Uganda Law Society (ULS) Continuing Legal Education (CLE) seminar on 2nd October 2013, at Golf Course Hotel. To download my presentation, click here. The growth of mobile money in Uganda, and EA in general is phenomenal. This growth is expected to continue. The success of mobile money is due to its inclusiveness – ability to reach and tap into the rural population. With about 80% of Ugandans said to be living in rural areas, of which 50% own a mobile phones. It is easier to access mobile money services compared to banking services, especially…