The saga of Entrepreneurs Financial Centre Uganda Limited (EFC Uganda Ltd), a microfinance deposit-taking institution (MDI), serves as a stark reminder of the imperative to fortify board structures and overall governance. In 2020, EFC defied expectations, delivering an impressive 19.6% return on equity, a surge of 2.3 times over 12 months despite the global economic downturn in Uganda. The institution also boasted a remarkable 55.1% year-on-year growth in assets, surging from Ugx. 56 billion in 2019 to Ugx. 87 billion in 2020, primarily driven by expanded lending to the informal private sector driven by the group lending credit model. Beneath…
Request for participation in the Association of Certified Fraud Examiners (ACFE) Africa Year-End Networking Event on 16th November 2023 at Speke Resort Hotel, Munyonyo
Greetings from the Association of Certified Fraud Examiners, Uganda Chapter (ACFE Uganda Chapter). At the ACFE Africa Chapter Leaders meeting held on 17th May 2023 in South Africa, the ACFE Uganda Chapter was selected to host the ACFE Africa Year-End Networking Event which is scheduled to take place on 16th November 2023 with the theme: “Managing Fraud Risks through Collaborations.” This prestigious event will coincide with the Annual International Fraud Awareness Week that runs from 12th to 18th November 2023. As you may be aware, public and private sectors alike continue to suffer the negative effects of fraud and corruption…
What does product strategy entail?
Every business needs a product strategy. Before you define a product strategy, you must start with the customer. Who is your target customer and what does exceeding their expectations look like? You want to understand the needs of the customer today; in the medium term and long term, so that you examine products and services that meet the need. This means you must be data savvy. You must conduct business intelligence as part of your strategy to identify the market dynamics and customer behaviours to craft products that meet emerging needs proactively. That said, in business, there is a golden…
The future of ACFE, Uganda Chapter, 2023 & beyond
Dear Reader, ACFE, Uganda Chapter 2027 strategy is built around three pillars: Proactive membership engagement and management – to leverage the power of together as one. Strong partnerships with the private sector and government, CFE brand visibility through events, training and publishing to optimize the power of strategic partnerships. Sustainable operations (ESG) and good chapter management through transparent reporting, to leverage the power of purpose. Each of the above pillars has clearly stated targets aligned to the balanced scorecard. We will prioritize the use of technology, member mobilization and social networks to promote the CFE to make it the qualification…
Tool 82 of 104 is always express your gratitude
#Mindspark with Mr Strategy “This made Jesus say, ‘Were not all ten made clean? The other nine, where are they? It seems that no one has come back to give praise to God, except this foreigner.’” The times we are living are not easy. Each one of you reading this must be thankful for being alive. I am happy that you make time to come to Church to thank God for the blessings of life and livelihood. But do you extend a helping hand to your less fortunate neighbours and or relatives?Each one of us is climbing a hill with…
The kadogo’s and the fall of Munteme village
Boom. Boom. We had a very loud bang. It was way back in 1985. I was a small boy of about 6 years, but the events are vivid in my permanent memory. The NRA rebels were slowly consolidating positions, and about to take over the government. In Munteme village, Hoima district, the guerrillas had taken over the Nyamakeisa valley. Had dug ditches, and set camp. It was a strategic location. The second group has taken over the hilltop. Our village had been tactically taken over by the guerrillas These guys were strategic. They started giving us security. And became helpful…
