To error is human. So is Mathew Kanyamunyu. But it takes a confident good man to acknowledge their ommissions and commissions by seeking forgiveness. When you are driving a fantastic car, with a beautiful girlfriend in your company, and a handgun to boot, one may easily become intoxicated with superficial power. There is always that urge to get people who do not know you, to know you there and then. In many cases, it could be fatal. And that is how Mathew Kanyamunyu found himself in a case that is not easy to reverse or get away from. Human…
Uganda’s banking sector highlights
While Uganda’s financial sector grew in size with assets growing by more than 14.3%, the sector performance declined significantly with more financial institutions reported as undercapitalized, lower asset quality, increased number of loss-making banks, and lower return on investment. Below are a few sector highlights: There was a new entrant in the banking sector, Afriland First Bank from Cameroon, the bank that believes in creating a lasting impact on customers, through a pact, one client at a time. Capital Adequacy dropped significantly Capital Adequacy measures the solvency of the banks. Basel III Guidelines recommend a capital adequacy ratio of not…
