DOCSLIB.ORG

Analysis of Bank of Uganda Regulatory and Legal Framework Governing Commercial Banks in Uganda

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

ANALYSIS OF BANK OF UGANDA REGULATORY AND LEGAL FRAMEWORK GOVERNING COMMERCIAL BANKS IN UGANDA. BY OKWAREJOB REG NO 1153-01024-02735 UHAIRWE 0 A REPORT SUBMITTED TO THE FACULTY OF LAW IN FULFILLMENT OF THE REQUIREMENTS FOR THE A WARD OF A BACHELLOR IN LAW OF KAMPALA INTERNATIONAL UNIVERSITY JUNE, 2019 DECLARATION I, Okware Job, declare that this dissertation is a work of my own, except where due acknowledgment is made in the text. It has not been presented at any in stitution of Higher Signature ........... ......................... nate it.§.[~.(~~ OKWAREJOB APPROVAL I certify that I have supervised and read this study and in my opinion it conforms to acceptable standard of scholarly presentation and is fully adequate in scope and quality as dissertation in partial fulfillment for the award of degree of Bachelor of Lavv of Kampala International ~i:i::::::~~~ -- ......... Date ... -~- 1.?./.~1 .......... MR. RUTARO ROBERT MUHAIRWE Supervisor ii DEDICATION My dedication of this work is first of all to the Almighty Lord who enabled me pass all the endeavors since I began year one in August 2015. I also dedicate it to my supervisor, lecturers and the whole faculty of law for their efforts Not forgetting my parents, brothers, sisters and friends who have been there for when I needed their support in my academia iii ACKNOWLEGEMENT My heartfelt gratitude goes to my supervisor whose support and advice enabled me to accomplish this research successfully. I also thank the management of Bank of Uganda for giving me necessary information regarding this research and may the Almighty bless them accordingly My special gratitude goes to my parents, George Atukuru and Aidah Atukuru not forgetting my beloved girl friend Muwanguzi Justine for the moral, tender love, financial and spiritual support. A vote of thanks also goes to my friends Nsenga A lisen, Benjamin Mulingoki, Okumu, Adiama Joseph among others with whom I have been with through the academic struggle for the entire course, God bless you all I fully acknowledge the guidance and suppoti gtven to me by supervtsor MR. RUTARO ROBERT MUHAIR WE who was and is still an inspiration and a mentor to me May God Almighty bless you all abundantly iv LIST OF ACRONYMS BOU Bank of Uganda BT Business Today CBL Crane Bank Limited CEO Chief Executive Officer BE Bills of Exchange CRB Credit Reference Bureau E-Banking Electronic Banking or Internet Banking EFT Electronic Fund Transfer E-Commerce Electronic Commerce UCBL Uganda Commercial Bank Limited UBA Uganda Bankers Association MFPED Ministry of Finance, Planning and Economic Development FSAP Finance Sector Assessment Programme IMF International Monetary Fund GOP Gross Domestic Product NPL Non-Performing Loan PCA Penal Code Act ucc Uniform Commercial Code RTGS Real Time Gross Settlement UIA Uganda Investment Authority BE Bills of Exchange FIA Financial Institution Act ~ '~ CO SASE Committee on Commissi(~ls Statutory Authorities and State Enterprise ~~ NGOs Non-Governmental Organizations \{ WB World Bank v LIST OF STATUTES 1 Constitution of Uganda 1995 as amended (as at 5 h February 20 18) Ant-Corruption Act Bank of Uganda Act, Cap 51 of 1993 Bank of Uganda Act No. 5 OF 1969 Banking Act Cap 88/1969 Insolvency Act 2011 Bankruptcy Act Cap 7 I Bills of Exchange Act Cap 68 Companies Act, No. I of 20 12 Financial Institution Act Cap 54 Income Tax Act Cap 254 Land Act, Cap 227 as amended Penal Code Act Cap 120 vi LIST OF AUTHORITIES (CASE LAWS) I. Fredrick J.K Zabwe Vs. Orient Bank & Others SCCA No.4 of2006 2. Lank ford State Bank Com'r-Vs. first National Bank of Lawton 1919 OK 216; 75.159,183 3. London Joint Stock Bank V. Macmillan and Arthur ( 1918) I K.B ITO. 4. Stanbic Bank (U) Ltd Vs Uganda Crocs Ltd (Civil Appeal No.4 of 2004) [2005] UGSC !6 1 (17 h August 2005) 4. Lund V. Commonwealth (1961 ).The Reading Standard 21 October. 5. United States of America V. Nasser NtegeSsebagala (1998) Unreported. vii OBJECTIVES To examine the law and institutional frame work in commercial banking in Uganda with the view of finding out how adequately Bank of Uganda manage the affairs of commercial banks in a bid to protect public funds from being misappropriated. To determine the efficacy of the present banking rules and regulations with the mm of identifying the weakness in the legal frame work that may call for amendment. To identify the legal and non-legal challenges facing the banking sector in Uganda with a view of determining how such challenges can be solved. viii Table of Contents DECLARATION ............................................................................................................................. i APPROVAL .................................................................................................................................. ii DEDICATION ............................................................................................................................... iii ACKNOWLEGEMENT ............................................................................................................. iv LIST OF ACRONYMS ................................................................................................................... v LIST OF STATUTES .................................................................................................................... vi LIST OF AUTHORITIES (CASE LAWS) .................................................................................. vii OBJECTIVES .............................................................................................................................. viii ABSRACT .................................................................................................................................... xii CHAPTER ONE .............................................................................................................................. I GENERAL INTRODUCTION ....................................................................................................... 1 1.0 INTRODUCTION ..................................................................................................................... 1 1.1 HISTORY OF BANKING ........................................................................................................ 2 l.l.IPeriod before Independence to 1980s . ................................................................................. 3 1.1.2 The Period after 1980s to Present. .................................................................................... 5 1.1.3 Regulatory Changes from 20 I 0 to Present. ............................................................................ 6 1.1.4 Background of Bank of Uganda ............................................................................................. 8 1.2 STATEMENT OF THE PROBLEM ......................................................................................... 9 1.3 OBJECTIVES OF THE STUDY ............................................................................................. IO 1.4 JUSTIFICATION FOR TI-lE RESEARCI-1 ............................................................................. 10 1.5 METHODOLOGY .................................................................................................................. 11 1.6 1-IYPOTHESIS ......................................................................................................................... 12 1.7 SCOPE OF THE STUDY ....................................................................................................... 12 1.8 SIGNIFICANCE OF TI-lE STUDY ....................................................................................... 13 ix 1.10 LITERATURE REVIEW ......................... ............................................................................. 13 CHAPTER TWO ................. ...... ............ ........................................................................................ 16 THE LEGAL FRAMEWORK GOVERNING COMMERCIAL BANKS ................................... 16 2.0. EVOLUTION OF COMMERCIAL BANK LAWS .................. ................... ......................... 16 2.1 THE -LAW RELATING TO COMMERCIAL BANKS IN UGANDA ................................. 17 2.1.1. The 1995 Constitution of Uganda ......... ........................................................................ ....... 19 2.1.2 The B ills of Exchange Act Cap 68 .................................................................................. ..... 20 2.1.3 The Financial Institutions Act ..................... ............ ......................................... .................... 22 2.1.4 The Bank of Uganda Act Cap.51 ........................................................................ ............. ..... 24 2.2 CRITIQUE OF THE LEGAL FRAMEWORK ....................................................................... 25 CHAPTER THREE .... .. ................................................................................................................. 30 THE INSTITUTIONAL FRAMEWORK FOR THE MANAGEMENT OF COMMERCIAL BANKS ........ ............................ .... .......... .............................. ....................................... ................... 30 3.1 THE BANK OF UGANDA ............................. ..................................... ............... .................... 30 3.2 THE UGANDA BANKERS INSTITUTE ............. ............ ...................... ............................... 39 3.3 THE MINISTRY OF FINANCE ................................................. ............................................41
Recommended publications
  • Elite Strategies and Contested Dominance in Kampala

    Elite Strategies and Contested Dominance in Kampala

    ESID Working Paper No. 146 Carrot, stick and statute: Elite strategies and contested dominance in Kampala Nansozi K. Muwanga1, Paul I. Mukwaya2 and Tom Goodfellow3 June 2020 1 Department of Political Science and Public Administration, Makerere University, Kampala, Uganda. Email correspondence: [email protected] 2 Department of Geography, Geo-informatics and Climatic Sciences, Makerere University, Kampala, Uganda. Email correspondence: [email protected]. 3 Department of Urban Studies and Planning, University of Sheffield, UK Email correspondence: [email protected] ISBN: 978-1-912593-56-9 email: [email protected] Effective States and Inclusive Development Research Centre (ESID) Global Development Institute, School of Environment, Education and Development, The University of Manchester, Oxford Road, Manchester M13 9PL, UK www.effective-states.org Carrot, stick and statute: Elite strategies and contested dominance in Kampala. Abstract Although Yoweri Museveni’s National Resistance Movement (NRM) has dominated Uganda’s political scene for over three decades, the capital Kampala refuses to submit to the NRM’s grip. As opposition activism in the city has become increasingly explosive, the ruling elite has developed a widening range of strategies to try and win urban support and constrain opposition. In this paper, we subject the NRM’s strategies over the decade 2010-2020 to close scrutiny. We explore elite strategies pursued both from the ‘top down’, through legal and administrative manoeuvres and a ramping up of violent coercion, and from the ‘bottom up’, through attempts to build support among urban youth and infiltrate organisations in the urban informal transport sector. Although this evolving suite of strategies and tactics has met with some success in specific places and times, opposition has constantly resurfaced.
  • Public Notice

    Public Notice

    PUBLIC NOTICE PROVISIONAL LIST OF TAXPAYERS EXEMPTED FROM 6% WITHHOLDING TAX FOR JANUARY – JUNE 2016 Section 119 (5) (f) (ii) of the Income Tax Act, Cap. 340 Uganda Revenue Authority hereby notifies the public that the list of taxpayers below, having satisfactorily fulfilled the requirements for this facility; will be exempted from 6% withholding tax for the period 1st January 2016 to 30th June 2016 PROVISIONAL WITHHOLDING TAX LIST FOR THE PERIOD JANUARY - JUNE 2016 SN TIN TAXPAYER NAME 1 1000380928 3R AGRO INDUSTRIES LIMITED 2 1000049868 3-Z FOUNDATION (U) LTD 3 1000024265 ABC CAPITAL BANK LIMITED 4 1000033223 AFRICA POLYSACK INDUSTRIES LIMITED 5 1000482081 AFRICAN FIELD EPIDEMIOLOGY NETWORK LTD 6 1000134272 AFRICAN FINE COFFEES ASSOCIATION 7 1000034607 AFRICAN QUEEN LIMITED 8 1000025846 APPLIANCE WORLD LIMITED 9 1000317043 BALYA STINT HARDWARE LIMITED 10 1000025663 BANK OF AFRICA - UGANDA LTD 11 1000025701 BANK OF BARODA (U) LIMITED 12 1000028435 BANK OF UGANDA 13 1000027755 BARCLAYS BANK (U) LTD. BAYLOR COLLEGE OF MEDICINE CHILDRENS FOUNDATION 14 1000098610 UGANDA 15 1000026105 BIDCO UGANDA LIMITED 16 1000026050 BOLLORE AFRICA LOGISTICS UGANDA LIMITED 17 1000038228 BRITISH AIRWAYS 18 1000124037 BYANSI FISHERIES LTD 19 1000024548 CENTENARY RURAL DEVELOPMENT BANK LIMITED 20 1000024303 CENTURY BOTTLING CO. LTD. 21 1001017514 CHILDREN AT RISK ACTION NETWORK 22 1000691587 CHIMPANZEE SANCTUARY & WILDLIFE 23 1000028566 CITIBANK UGANDA LIMITED 24 1000026312 CITY OIL (U) LIMITED 25 1000024410 CIVICON LIMITED 26 1000023516 CIVIL AVIATION AUTHORITY
  • Has the Privatization of Uganda Commercial Bank Increased Competition and Extended Outreach of Formal Banking in Uganda?” Abstract

    Has the Privatization of Uganda Commercial Bank Increased Competition and Extended Outreach of Formal Banking in Uganda?” Abstract

    DEPARTMENT OF ECONOMICS Uppsala University Bachelor’s Thesis Authors: Oscar Karlsson & Erik Malmgren Supervisor: Ranjula Bali Swain Spring 2008 “Has the Privatization of Uganda Commercial Bank Increased Competition and Extended Outreach of Formal Banking in Uganda?” Abstract: Financial sector development can reduce poverty and promote economic growth by extending access to financial services in developing countries. Traditionally, banking in Sub-Saharan Africa has been conducted by state-owned banks. Although, evidence has shown that severe government involvement in the banking sector has proved to cause low profitability and inefficiency. During 2001, Uganda Commercial Bank, the dominant provider of banking experienced financial problems; as a result, the government had to privatize the bank. The aim of this thesis is therefore to investigate if the privatization prevented the banking sector from collapse and if it made the sector more competitive and outreaching. The main conclusion is that the privatization strongly prevented the banking sector from collapse. Since privatization, competition has increased sufficiently in urban areas of Uganda while rural areas have not experienced any significant increase in competition. Finally, we conclude that the outreach of banking has increased somewhat since the privatization, but it is still relatively poor. Key Words: Sub-Saharan Africa, Uganda, Financial Development, Financial Structure, Access to Finance, Banking, Bank Competition, Bank Privatization, Outreach of Banking 2 Abbreviations Mentioned
  • Presents Children of Uganda Tuesday, April 25Th 10Am

    Presents Children of Uganda Tuesday, April 25Th 10Am

    Presents Children of Uganda Tuesday, April 25th 10am and noon, Concert Hall Study Guides are also available on our website at www.fineartscenter.com - select Performances Plus! from Educational Programs, then select Resource room. The Fine Arts Center wishes to acknowledge MassMutual Financial Group for its important role in making these educational materials and programs available to the youth in our region. About this Guide The Children of Uganda 2006 Education Guide is intended to enhance the experience of students and teachers attending performances and activities integral to Children of Uganda’s 2006 national tour. This guide is not comprehensive. Please use the information here in conjunction with other materials that meet curricular standards of your local community in such subjects as history, geography, current af- fairs, arts & culture, etc. Unless otherwise credited, all photos reproduced in this guide © Vicky Leland. The Children of Uganda 2006 tour is supported, in part, with a generous grant from the Monua Janah Memorial Foundation, in memory of Ms. Monua Janah who was deeply touched by the Children of Uganda, and sought to help them, and children everywhere, in her life. © 2006 Uganda Children’s Charity Foundation. All rights reserved. Permissions to copy this Education Guide are granted only to presenters of Children of Uganda’s 2006 national tour. For other permissions and uses of this guide (in whole or in part), contact Uganda Children’s Charity Foundation PO Box 140963 Dallas TX 75214 Tel (214) 824-0661 [email protected] www.childrenofuganda.org 2| Children of Uganda Education Guide 2006 The Performance at a glance With pulsing rhythms, quicksilver movements, powerful drums, and bold songs of cele- bration and remembrance, Children of Uganda performs programs of East African music and dance with commanding skill and an awesome richness of human spirit.
  • Absa Bank 22

    Absa Bank 22

    Uganda Bankers’ Association Annual Report 2020 Promoting Partnerships Transforming Banking Uganda Bankers’ Association Annual Report 3 Content About Uganda 6 Bankers' Association UBA Structure and 9 Governance UBA Member 10 Bank CEOs 15 UBA Executive Committee 2020 16 UBA Secretariat Management Team UBA Committee 17 Representatives 2020 Content Message from the 20 UBA Chairman Message from the 40 Executive Director UBA Activities 42 2020 CSR & UBA Member 62 Bank Activities Financial Statements for the Year Ended 31 70 December 2020 5 About Uganda Bankers' Association Commercial 25 banks Development 02 Banks Tier 2 & 3 Financial 09 Institutions ganda Bankers’ Association (UBA) is a membership based organization for financial institutions licensed and supervised by Bank of Uganda. Established in 1981, UBA is currently made up of 25 commercial banks, 2 development Banks (Uganda Development Bank and East African Development Bank) and 9 Tier 2 & Tier 3 Financial Institutions (FINCA, Pride Microfinance Limited, Post Bank, Top Finance , Yako Microfinance, UGAFODE, UEFC, Brac Uganda Bank and Mercantile Credit Bank). 6 • Promote and represent the interests of the The UBA’s member banks, • Develop and maintain a code of ethics and best banking practices among its mandate membership. • Encourage & undertake high quality policy is to; development initiatives and research on the banking sector, including trends, key issues & drivers impacting on or influencing the industry and national development processes therein through partnerships in banking & finance, in collaboration with other agencies (local, regional, international including academia) and research networks to generate new and original policy insights. • Develop and deliver advocacy strategies to influence relevant stakeholders and achieve policy changes at industry and national level.
  • Annual Report

    Annual Report

    2017/18 ANNUAL REPORT RESILIENCE AND RECOVERY ABOUT US New Vision Printing & Publishing Company Limited started business in March 1986. It is a multimedia business housing newspapers, magazines, internet publishing, televisions, radios, commercial printing, advertising and distribution services. The Company is listed on the Uganda Securities Exchange. Our Vision A globally respected African media powerhouse that advances society Mission To be a market-focused, performance-driven organisation, managed on global standards of operational and financial efficiency Values • Honesty • Innovation • Fairness • Courage • Excellence • Zero tolerance to corruption • Social responsibility 2 VISION GROUP ANNUAL REPORT 2017/18 INTRODUCTION This is the Annual Report of New Vision Printing & Publishing Company Limited trading as Vision Group for the year ended June 30, 2018. This Annual Report includes financial and non-financial information. It sets out the Company’s strategy, financial, operational, governance, social and environmental performance. The Annual Report also contains the risks and opportunities affecting the Company. The purpose of producing an Annual Report is to give the shareholders an annual view of how the Company has performed and what the Board is striving to do on behalf of the shareholders. 1 TABLE OF contENT Notice of Annual General Meeting 4 Company Profile 5 Business Review 15 Board of Directors 19 Chairperson’s Statement 21 Executive Committee 26 CEO’s Statement 27 Corporate Governance Statement 31 Shareholder Information 42 Proxy Card 47 Sustainability Report 50 Accolades 80 Financial Statements 82 2 VISION GROUP ANNUAL REPORT 2017/18 LIST OF AcronYMS AGM - Annual General Meeting Annual Report - An annual report is a comprehensive report on a company’s activities including the financial performance throughout the year.
  • Do Not Bank on Us! Taking Stock of Transparency and Accountability During Crises in Uganda: the Case of Crane Bank Collapse

    Do Not Bank on Us! Taking Stock of Transparency and Accountability During Crises in Uganda: the Case of Crane Bank Collapse

    PROCEEDINGS OF THE INTERNATIONAL CRISIS AND RISK COMMUNICATIONS CONFERENCE MARCH 11-13, 2019, ORLANDO FL, USA Do not bank on us! Taking stock of transparency and accountability during crises in Uganda: the case of Crane Bank collapse Angella Napakol Uganda Christian University Mukono, Uganda Ann Mugunga Hong Kong Baptist University Hong Kong Abstract: This study examined transparency and accountability as bridges to the interpretative and sense making capabilities of the public following the collapse of Crane Bank, Uganda. Content and critical discourse analysis methods were used to: investigate the nature of communication, the information shared; review honesty and responsibility in communication, and also analyze how accountability and transparency are constructed during crisis situations in the South. Assessment of 120 newspaper articles showed that both Crane Bank and Bank of Uganda mainly left it to the media to create and give meaning to stakeholders. Initial communication from both institutions was delayed and subsequent communication was made in a casual, vague and dismissive manner. Transparency and accountability either as information disclosure, responsibility or mutual understanding to translate into sense making for the audience were grossly undermined. Most of the shared information was not aligned to the interpretive capabilities of audiences; and there was no effort to create a good image or influence the audience. The research underscores the importance of transparency and accountability as essential for creating trust in leadership and management, in order to better manage crisis and risk situations. Keywords — Accountability, crisis, sense making, sense giving, transparency ———————————————————————————————————— SUGGESTED CITATION: Napakol, A., & Mugunga, A. (2019). Do not bank on us! Taking stock of transparency and accountability during crises in Uganda: the case of Crane Bank collapse.
  • Banking Sector Liberalisation in Uganda Process, Results and Policy Options

    Banking Sector Liberalisation in Uganda Process, Results and Policy Options

    Banking Sector Liberalisation in Uganda Process, Results and Policy Options Research report Editors: Madhyam & SOMO December 2010 Banking Sector Liberalisation in Uganda Process, Results and Policy Options Research report By: Lawrence Bategeka & Luka Jovita Okumu (Economic Policy Research Centre, Uganda) Editors: Kavaljit Singh (Madhyam), Myriam Vander Stichele (SOMO) December 2010 SOMO is an independent research organisation. In 1973, SOMO was founded to provide civil society organizations with knowledge on the structure and organisation of multinationals by conducting independent research. SOMO has built up considerable expertise in among others the following areas: corporate accountability, financial and trade regulation and the position of developing countries regarding the financial industry and trade agreements. Furthermore, SOMO has built up knowledge of many different business fields by conducting sector studies. 2 Banking Sector Liberalisation in Uganda Process, Results and Policy Options Colophon Banking Sector Liberalisation in Uganda: Process, Results and Policy Options Research report December 2010 Authors: Lawrence Bategeka and Luka Jovita Okumu (EPRC) Editors: Kavaljit Singh (Madhyam) and Myriam Vander Stichele (SOMO) Layout design: Annelies Vlasblom ISBN: 978-90-71284-76-2 Financed by: This publication has been produced with the financial assistance of the Dutch Ministry of Foreign Affairs. The contents of this publication are the sole responsibility of SOMO and the authors, and can under no circumstances be regarded as reflecting the position of the Dutch Ministry of Foreign Affairs. Published by: Stichting Onderzoek Multinationale Ondernemingen Centre for Research on Multinational Corporations Sarphatistraat 30 1018 GL Amsterdam The Netherlands Tel: + 31 (20) 6391291 Fax: + 31 (20) 6391321 E-mail: [email protected] Website: www.somo.nl Madhyam 142 Maitri Apartments, Plot No.
  • Uganda Country Strategy Paper 2017-2021

    Uganda Country Strategy Paper 2017-2021

    AFRICAN DEVELOPMENT BANK GROUP UGANDA COUNTRY STRATEGY PAPER 2017-2021 RDGE/COUG June 2017 TABLE OF CONTENTS EXECUTIVE SUMMARY ................................................................................................................. iii I. INTRODUCTION ............................................................................................................................. 1 II. THE COUNTRY CONTEXT ......................................................................................................... 1 2.1 Political Context ......................................................................................................................................... 1 2.2 Economic Context ...................................................................................................................................... 2 2.3 Social development and Cross-cutting Issues……………………………………………………………….. .............................................. 5 III. STRATEGIC OPTIONS, PORTFOLIO PERFORMANCE AND LESSONS ........................ 7 3.1 Country Strategic Framework .................................................................................................................. 7 3.2 Aid Coordination and Harmonization ...................................................................................................... 8 3.3 Country Challenges & Weaknesses and Opportunities and Strengths ................................................. 8 3.5 Key Findings of the CSP 2011-16 Country Portfolio Performance Review (CPPR) .........................
  • Nozzom Newsletter Issue

    Nozzom Newsletter Issue

    NOZZOM NEWSLETTER ISSUE #29 - December 2017 Moving… Foreword Contents Welcome to our new issue of Nozzom, where we share with you our events and projects as well as our future plans and outlook on happenings and opportunities. Maturity does not necessarily come with age, but with experience. As is the case with sentient beings, organizations have a lifecycle in 04 which they themselves experience various stages of learning, developing, adapting, and striving towards being better. With maturity comes NOZZOM NEWSLETTER ISSUE #29 responsibility: the responsibility to look inwards, at the way business is done and how it can develop itself to improve; and outwards, at how Agility in ENAL the organization can support and further contribute to the development of the society in which it finds itself. Chairman Recognizing where we are currently at, Giza Systems’ goal is to self-develop, learn from our experiences, and mature as a whole, with reference Shehab ElNawawi to our business and our community alike. We are entering a ‘regeneration’ phase that surpasses adapting to our surroundings. Quintessentially, it is about striving to do better and be better. Managing Editor Just a few highlights on what you can expect in this issue of Nozzom: Lara Shawky New Leaps • Giza Systems Implements 50,000 Smart Meters in North Cairo Zone in Saudi 15 • Fire Alarm and Detection Systems Implementation in Al Masah Capital Complex, New Cairo Internatinal Convention and Exhibition Center, Mzizima Tower Complex, Meliá Hotels International Creative & Art Director
  • An Analysis of the Effectiveness of Central Bank in Regulating the Banking Sector in Uganda

    An Analysis of the Effectiveness of Central Bank in Regulating the Banking Sector in Uganda

    AN ANALYSIS OF THE EFFECTIVENESS OF CENTRAL BANK IN REGULATING THE BANKING SECTOR IN UGANDA BY NATUMANYA MEDRINE LLB/43807 /143/D U A RESEARCH REPORT PRESENTED TO THE SCHOOL OF LAW IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE A WARD OF BACHELORS DEGREE IN LAW OF KAMPALA INTERNATIONAL UNIVERSITY. SEPTEMBER, 2018 DECLARATION I Natumanya Medrine declare that this research report is my original work and to the best ·of my knowledge, it has never been presented elsewhere in any university or institution of learning for approval. ~ Signed .. .~~ - · · · Date _.l.q .. (. ..l.9.. (.. .?.-o '-2 NATUMANYA MEDRINE LLB/43807 /143/D U APPROVAL I, the undersigned certify that I have read and hereby recommend for acceptance by Kampala International University a research report titled, "An analysis of the effectiveness of Central Bank in regulating the banking sector in Uganda". Signed Date ..... ..t., .. ( . J.~~ MR. SEWAYA M'Qi(AMUD (SUPERVISOR) ii DEDICATION I dedicate this piece of work to the Almighty God, my Lovely parents Mrs. Joan Natuhwera Tukundane. and Mr. Tukundane Julius Nkora. iii ACKNOWLEDGEMENT I extend a vote of thanks to a number of people who unreservedly contributed towards the accomplishment of this research work. I also would like to acknowledge the assistance and role played by the following personalities to the successful completion of this study. I cannot say exactly how grateful I am to my supervisor, Mr. Sewaya Muhamud, his guidance in this study was beyond measure. Thank you also for providing me with professional advice, encouragement and your time that has spurred me to success.
  • Manufacturing Transformation: Comparative Studies of Industrial Development in Africa and Emerging Asia

    Manufacturing Transformation: Comparative Studies of Industrial Development in Africa and Emerging Asia

    OUP CORRECTED PROOF – FINAL, 31/5/2016, SPi Manufacturing Transformation OUP CORRECTED PROOF – FINAL, 31/5/2016, SPi UNU World Institute for Development Economics Research (UNU-WIDER) was established by the United Nations University as its first research and training centre and started work in Helsinki, Finland, in 1985. The mandate of the institute is to undertake applied research and policy analysis on structural changes affecting developing and transitional economies, to provide a forum for the advocacy of policies leading to robust, equitable, and environmentally sustainable growth, and to promote capacity strengthening and training in the field of economic and social policy-making. Its work is carried out by staff researchers and visiting scholars in Helsinki and via networks of collaborating scholars and institutions around the world. United Nations University World Institute for Development Economics Research (UNU-WIDER) Katajanokanlaituri 6B, 00160 Helsinki, Finland www.wider.unu.edu OUP CORRECTED PROOF – FINAL, 31/5/2016, SPi Manufacturing Transformation Comparative Studies of Industrial Development in Africa and Emerging Asia Edited by Carol Newman, John Page, John Rand, Abebe Shimeles, Måns Söderbom, and Finn Tarp A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER) 1 OUP UNCORRECTED PROOF – REVISES, 6/6/2016, SPi 3 Great Clarendon Street, Oxford, OX2 6DP, United Kingdom Oxford University Press is a department of the University of Oxford. It furthers the University’s objective of excellence in research, scholarship, and education by publishing worldwide. Oxford is a registered trade mark of Oxford University Press in the UK and in certain other countries.