Bank Financial Risk Managers in the past 12 years have been the busiest bunch recovering from the aftermath of the financial crisis of 2007-2008. These particular effects have brought about the adoption of more robust and prudent credit risk models such as the prominent International Financial Reporting Standards 9 (IFRS9) that was fully adopted in Uganda in 2018. However, these models are not cover enough when the economy is threatened to collapse in the shortest time possible. Download the Whitepaper on How COVID-19 liquidity shock could collapse the local financial system While this lockdown has not restricted banks from carrying out…
Why COVID-19 poses a bigger threat to existence of SME’s than the Financial Crisis of 2007-08
In 2008, a top investment bank the Lehman’s Brothers along with a number of financial managers and institutions collapsed following depreciation in the subprime mortgage market of the United States consequently leading to an international banking crisis. A number of top firms sought bailout to survive this crisis. Download a White Paper on Why COVID-19 poses a bigger threat to the existence of SME’s While this crisis threatened the world financial system as analysts speculated a consequent collapse, there was still coverage being provided by a number of sectors. The liquidity bubble was mainly a problem of financial service providers. Contrary…
#Covid19: Traditional Marriage Advise a Threat to Home Working
The times have changed, but traditional ssengas and marriage counsellors have remained old school which now threatens to kill careers and businesses. #covid19 has helped fast track the world in technology adoption by a year or two by promoting mobile penetration, internet penetration, and adoption of digital channels in service delivery. Online studies, virtual meetings, and home working / remote working have suddenly spiked. Top events organized by membership bodies like the annual anti-fraud conference shall this year be held virtually. And the fees for the conference have not changed. This means hotels shall lose money, but teleconferencing technology companies,…
A time for leaders to emerge
Leaders emerge during tough times, so goes the saying. All businesses and economies are facing a tough enemy with a loaded gun ready to fire. #covid19 is that enemy. No time to negotiate. You must follow the enemy’s instructions else you perish. And the instruction is #socialdistancing to reduce many cases of people infected with the virus so as not to overwhelm the health systems. The stay at home and economy lockdown orders are aimed at reducing the spread. But when will all this end and business resumes back to normal. Only if the cure is found or the vaccine,…
From WhatsApp: Covid19 pandemic is here with some for sometime
I think the thing most people don’t understand is that the lockdown is in place to slow the progression of the disease, NOT to eradicate it by the end of May. I think people are missing the point because they naively think the govt will somehow get rid of it so life goes back to normal. These are people who have ignored the global reality since January. This is the dangerous delusional thinking that Johnny, Themba and Susan come lately’s are applying in their assessment of the situation when advocating we should stop the lockdown because they are literally only…
