By Our Reporter
The Chief Executive Officer, Dfcu Bank, Mathias Katamba has urged Ugandans to adopt the use of digital banking to ease the way they do businesses and go about their daily lives.
Katamba said while 90% of adult Ugandans are prepared and ready to learn the use of new technologies, 3 quarters still prefer to use cash.
“Technology, in particular digital banking improves financial inclusion and allows businesses to build a financial background that will allow them to have easy access to credit. Ugandans must adopt digital banking if the economy is going to move forward,” he said.
Katamba was making a presentation on ‘leveraging technology for financial inclusion’ at the 10th annual CEO Summit held in Kampala on Thursday
This year’s forum held under the theme “How Corporate East Africa Can Claim the 21st Century,” provided the stage for debate on how to drive growth in an unpredictable economic environment.
The Guinness Nigeria PLC Managing Director, Baker Magunda made a key note address focused on the topic; “Business Growth in a Volatile Economy: Facts Vs Myths”.
Mr. Magunda told attendees who included key business stakeholders, industry and thought leaders, that for a transitional economy like Uganda to grow, CEOs should be willing to not only be competitive but also build from the grass roots
“Lift as you rise,” he said.
He then went ahead to talk about the complexities and disruptions that influence business growth in divergent cultures like Uganda. He noted that issues of urbanization, technology and environmental change play a key role in how people work and live in a said economy, adding that businesses with smart and flexible options are likely to win in 2019 and the outer years.
Among those in attendance were State Minister for Finance and Planning Hon. David Bahati and Standard Chartered Bank chairman Dr.Robin Kibuuka, Barclays Bank Executive Director and CEO, Micheal Segawa, IMF Resident Representative Clara Mira, as well as dfcu Managing Director Mathias Katamba, Tullow Oil Managing Director Jimmy Mugerewa and Prof. Maggie Kigozi, among others.
The forum, first held in 2009 is a platform, which was created to stimulate an open dialogue between the participants, forming healthy debates and creative thinking opportunities that can be adopted in creating favourable conditions for businesses to thrive in diverse and volatile economies.
The platform combines a unique blend of brilliant minds from multiple disciplines unpacking critical issues and exploring practical options and possibilities to foster a healthy business space especially in the public-private sector.