Bankers Journal - September - November 2018

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Welcome to the 5th edition of the Bankers Journal. The main feature of this edition is the debate around mobile money and why leaving the sector unregulated possesses a national security risk.

The largest telecoms in Uganda; MTN and Airtel control large amounts of money transacted as well as the internet and communications apparatus. These are core aspects of the Ugandan economy; if anything where to happen to MTN or Airtel, the amount of contagion on the banking sector and indeed the entire economy would be severe. Consequently, these firms should be listed locally to make them more accountable to the Ugandan public.

The same logic should apply to Absa Uganda and Centenary bank which are systematically important like Stanbic and dfcu which are already listed. These banks should be more transparent. We applaud Equity Bank for marking 10 years and Orient for marking 25 years and wish them both, a long and profitable existence. I hope that you enjoy this edition, even more than the ones before.

We look forward to reading and publishing your feedback.