Bankers Journal - July - September 2019

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Facebook has formally announced its entry into the banking industry through its new Libra payment system and cryptocurrency. The social media giants global reach with close to 2.2 billion users could revolutionize banking. The firm and its 27 partner companies and organizations have released a plan for a digital currency meant to bridge the gap between current digital offerings and the future of finance, we bring you some salient details of their plans.

In every issue of the magazine, we will be profiling Uganda’s most tech-savvy millennials and those in Generation Z. In this issue, we profile the 24-year-old Ofoyuru who is manufacturing smartphones and some S.6 vacists who have a technology holding company.

Unregulated financial institutions could damage confidence in Uganda’s entire financial system to Dr. Louis Kasekende, the Deputy Governor, Bank of Uganda. We bring you his opinion on that issue and more opinions from key opinion leaders. Also included in this issue are key insights from the CEOs of Barclays Bank and Bank of Baroda. We look forward to reading your feedback