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The 7th CPA Economic Forum is here

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This year marks the 7th edition of the CPA Economic Forum, a platform for accountants, economists, civil society leaders, and the general public to contribute to the national economic development plan by suggesting policy recommendations to the Ministry of Finance, Planning and Economic Development.

Previous policy recommendations were in the areas of tax reforms, the revival of the Uganda airlines with keen interest on management, the student’s loan system under the national education finance board, infrastructure and agriculture policies.

Entebbe Kampala expressway (Source: Google Pictures)

All these policies were debated by some of Uganda’s most experienced advisors and thought leaders with an eye for the socio-economic impact of Uganda’s population.

The theme for the 7th CPA Economic Forum suggests; Transformation for Social-Economic empowerment!

It is a theme broad enough to be covered in over 9 segmented topical discussions to inform policy recommendations. Www.tradigeconomic.com says GDP Growth Rate in Uganda averaged 1.40 percent from 2008 until 2018, reaching an all-time high of 4.30 percent in the third quarter of 2012 and a record low of -2.40 percent in the fourth quarter of 2013. The Forum aims to disseminate the growth trend and colligate it to social-economic development and how it can empower nationals in all sectors.

Topical discussions include; Building a Robust Agricultural Sector, Revisiting Uganda’s 2019/20 National Budget, Infrastructure Development: Creating Opportunities, Transforming our Education System, Labour Mobility, Socio-Economic Implications of Gambling and Betting, Urban Planning, Opportunities & Challenges, Structural Bottlenecks to Uganda’s Economy, and Digital Technology: Building an Inclusive Trustworthy and Sustainable Digital Society.

The New Uganda Airlines Planes at Entebbe International Airport

For inquiries, write to us via events@icpau.co.ug or call 0393 262 333

Keep up-to-date with all developments about the 7th CPA Economic Forum on our social media platforms under the #7thCPAEconForum hashtag

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“PwC issues Brexit warning in audits” -economia

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In its standard audit opinion PwC has cautioned that “because not all future events or conditions can be predicted, this statement is not a guarantee as to the company’s ability to continue as a going concern”. 

It adds that, “For example, the terms on which the United Kingdom may withdraw from the European Union, which is currently due to occur on 29 March 2019” 

This follows a similar move made by PwC’s Big Four rival KPMG earlier this month

There is now just over a month for a deal or an extension period on Article 50 to be agreed, or the UK will crash out of the EU with significant economic consequences. Frustration from businesses of all sizes is growing over the lack of progress in negotiations. 

A survey last week from Deloitte revealed that UK CFOs have adopted their most defensive mix of balance sheet strategies in nine years. Risk appetite has fallen to its lowest since 2009 when the financial crisis was at its worst.

Meanwhile, the British Chambers of Commerce has slammed the government for leaving businesses “hung out to dry” by ignoring legitimate questions on a what happens in the event of a no deal Brexit.

It is the latest Big Four firm to warn its audit clients that it cannot predict the repercussions of Brexit.

This article was first published in the economia.

economia

Accountants Should Embrace Blockchain Technology

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Accountants Should Embrace Blockchain Technology

By Leah A. Onyango

Blockchain technology is tipped to be a gamechanger in many sectors. Accounting is no exception.

Mr. Noah Baalessanvu, the Chairperson and Founder National Information Security Advisory Group while making a presentation at a CPA Economic Forum said:  “Accountants should embrace blockchain techinology in order to remain relevant in the market.”

Blockchain, also known as the technology of trust, is a distributed ledger that is open to anyone and everyone on the network. It should be revisable, trainable and human led.  

Blockchain can be used in supply chain management, digital identity, voting, healthcare, fundraising and intellectual property.

He added that the 4th inndustrial revolution will be driven by blockchain technology and crypto currencies. Blockchain technology, cryto currencies  and the internet have contributed to making the world a global village. Over 51.9% of the world’s population have acess to the internet.

Blockchain technology is one of the most searched topics online. It is a decentralised system which operates as seen below.

Blockchain ensures greater transperency, enhanced security, improved traceability, increased efficiency and speed and reduced costs as some of the benefits of blockchain technologies. It will also help eliminate money laundering and corruption in the economy because it can be traced.

For Uganda to have an inclusive and sustainable digital economy, accountants need to build trustworthy systems and platforms through training, sensitisation on block chain products and development and automation in order to solve the world problems.

ICPAU Sponsors the 2019 Mathematics Contest. Encourages students to embrace math as a way of life

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“Mathematics is no longer about figures alone. It is a way of life”. It’s through math that people are able to: appreciate the time factor; make sound business decisions; plan for their families, and make savings and investigates. It is through math that government contractors are able to build durable roads, railway lines, bridges and dams.

These and many are some of the highlights from the speeches made during the 2019 Mathematics Contest and Teachers Conference organized by the Uganda Mathematics Society UMS), held at Makerere University from 26-27 July 2019. The annual event sponsored by the Institute of Certified Public Accountants of Uganda (ICPAU) since last year attracted over 6000 students, up from 4000 last year; categorized under, Primary, Secondary, Tertiary and University.

In her speech, Mrs Julian Namale Muweesi applauded the Uganda Mathematics Society (UMS) for organizing a good and transparent event over the years. She noted that the contest was an opportunity to inculcate into the students the love and principles of math at an early age. “If it was not for the opportunity I got during my formative years to appreciate math, I would not be where I am now”. I, therefore, encourage all students gathered here today to love math, as it is a way of life” Muweesi said.

She was grateful to UMS for ensuring a transparent selection process for the winners. “As ICPAU, we are not disappointed with the whole process of selecting winners”. Mrs Muweesi said. “The selection system is very tight and transparent. I am told that a son of the UMS President participated but never made it to the top. In some societies, this would be an abomination, but it has happened here” she added.

On behalf of ICPAU, she promised to continue sponsoring the Annual Mathematics contest, as not only a way of instilling skills but also as a fulfilment of the ICPAU mandate facilitating a quality education process in Uganda.

Mr Benson Banda, the Director of the National Science Center of Zambia who delivered the keynote address during the teachers’ Conference on Friday, 27 at the College of Business and Management Sciences (CoBMS) commended UMS for their efforts at inculcating mathematics principles at an early age. He noted that mathematics teaches people to be ethical and transparent which are virtues needed to succeed in life.

Mr Akash Patel from Thomas J. Rusk Middle School United States was ecstatic. “I have travelled across the globe, but not in so many countries I have interfaced with students able to solve complex problems without the use of a calculator”. He noted. Also, the fact that students travelled as far as Arua to take part in the contest was in itself a manifestation that Uganda got talent.

Mrs Babie Itungo Kyagulanyi, a businesswoman, and the Chief Guest during the event encouraged students to stay in school. She noted that it is only through education that a bright future is guaranteed.

Gomba Junior School’s Camila Asanda was crowned Miss Mathematics 2019. Some of the other winners included Global Junior’s Oyini Alpha, who emerged the best mathematician in the Primary category in Uganda.

The contest also saw Roster Nagujja of Mt. St. Mary’s Namagunga and Promise Pretty Martha of Sir Apollo Nakasero win the day’s secondary and primary quiz contests respectively.

7th CPA Economic Forum: News in Pictures Edition 2

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Over 400 participants attended the 7th CPA Economic Forum, at Imperial Resort Beach Hotel, Entebbe, 17-19 July 2019
With Forum Sponsor, Capital Markets Authority. 3rd Left is CMA ED Mr. Keith Kalyegira
Forum Session in progess
Forum session in progress
Corporate Exercises
Dinner set up
The lighter side of the Forum: L-R, ICPAU’s Head of Human Capital, Ms. Eve Womala and Head of Engagement, Mrs. Julian N. Muweesi
Afrigo Band provided entertainment on Day 2
ICPAU President, CPA Frederick Kibbedi (Centre) showcasing best dance moves
Afrigo Band
Afrigo Band
Ms. Bernadette Ssanyu, Manager, Architectural Services at KCCA. Ms. Ssanyu delivered a presentation on the challenges and Opportunities of Urban Planning
Free Health services at the Economic Forum, in partnership with Entebbe Hospital
ICPAU’s John Linonn Sengendo (Communications Officer), at the health camp
Eng. Dr. Harrison Mutikanga, CEO of UEGCL presented on Infrastructure Development
Dr. Joseph Muvawala, ED of the National Planning Authority was the Keynote Speaker. He presented on Transformation for socio-economic empowerment
CPA Patrick Ayota, Deputy MD of NSSF presented on sustainable health financing in Uganda
A light moment with the keynote speaker. Left is ICPAU past President, CPA Joseph Baliddawa
Sponsors’ Branding
Dr. Muvawala was handed a certificate in honour of his presentation. Right is ICPAU Vice President, CPA Ruth Doreen Mutebe
Eng. Dr. Ben Manyindo, ED of UNBS delivered a presentation on Quality Management of Consumer Products in Uganda
Dr. Martin Lwanga, Dean of the Faculty of Business & Administration at Uganda Christian University presented on socio-economic implications of gambling & betting
Mr. Vianney Luggya, Manager – Public Affairs at the Civil Aviation Authority. CAA was among the official sponsors of the Economic Forum
Musician Irene Ntale thrilled the delegates at the Economic Forum
Dancing with Irene Ntale
Participants enjoyed the evening session with Ms. Ntale
Engaging her fans – Ms. Irene Ntale
ICPAU President, CPA Frederick Kibbedi at the health camp
Tr. Mpamire was present in class
Tr. Mpamire
The Dinner venue. Imperial Resort Beach Hotel, Entebbe
Dr. Fred Muhumuza presented on the implications of the 2019/20 Uganda National Budget

Health Insurance Scheme: Operating Expenses should Remain a Preserve of Government – NSSF

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CPA Patrick Ayota, Deputy MD, NSSF

By Noor Nakato

In June 2019, Cabinet approved a National Health Insurance Scheme that will require all adult Ugandans in formal employment to contribute 4% of their wages to the scheme before accessing health services. Employers will be required to contribute 1% of each employee’s wage to the scheme.

During the 7th CPA Economic Forum, CPA Patrick Ayota – Deputy Managing Director, NSSF Uganda, provided insights on sustainable health financing in Uganda.

He proposed what he termed as a ‘cheaper and more effective’ alternative to the proposed National Health Insurance Scheme to improve and strengthen the health sector and see to it that most Ugandans living in rural areas can access affordable and quality healthcare.

Ayota recommended that the proposal be funded by a 2% assessment on formal wages: with 1% coming from the employee and 1% from the employer, and a minimum of 1% of proposed minimum wage from the informal sector. The Fund would start with all Ugandans issued with National Identity cards by NIRA.

According to CPA Ayota, the 4% price is too high for individuals who may not be beneficiaries. Rather than focusing on financing medical cost on a per service basis, strengthening the public healthcare delivery system is much cheaper, and more effective in providing decent care to Ugandans.

Uganda’s healthcare infrastructure system is characterized by lack of functional basic equipment, lack of diagnostic equipment in most referral facilities, and poorly maintained medical equipment due to lack of funds and technical expertise.

He therefore proposes that a new fund be established and be earmarked for the sole purpose of establishment, expansion, and maintenance of the healthcare capital infrastructure, which would include buildings (administration, wards and residences), equipment and furniture and related personnel training. Further, he proposed that the wages and salaries, administration and other operating expenses of the healthcare sector should remain the responsibility of the central government rather than be covered by the fund.

CPA Ayota added that it is important that all Ugandans cost share in the provision of health services.

The accountancy fraternity welcomed the proposals as opposed to the National Health Insurance Scheme (NHIS) Bill, 2019.

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KCCA Seeking Partnerships with Private Sector, for City Development

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Ms. Bernadette Ssanyu, Manager for Architectural Services at KCCA

The Kampala Capital City Authority (KCCA) is seeking partnerships with private sector institutions in the execution of city development projects.

While delivering a presentation on the opportunities and challenges of urban planning at the 7th CPA Economic Forum, Ms. Bernadette Ssanyu (KCCA Manager for Architectural Services) said that there are opportunities for the private sector, in provision of transportation services, waste management, housing, urban farming, activation of economic hubs, among others.

She emphasized the need for agriculture to be incorporated into urbanisation.

“We have trucks bringing food into the city centre, and these are coming from as far as Mbale, Rukungiri, among other districts,” said Ms. Ssanyu. Food should come from within. We need private sector to boost investment in urban farming,” she added.

55% of the world’s population lives in urban areas. By 2050, an estimated 68% of the world’s population will be living in urban areas, and Asia and Africa will be the highest contributors. In Uganda, 68% of the urban population are in the Greater Kampala Metropolitan Area.

The influx of people in urban areas is due to more employment opportunities, quest for higher incomes, better access to goods and services (education, healthcare, housing, social and cultural integration), convenience of trade, ability to Specialise, and increased returns to scale, among other factors.

However, the urbanisation challenges for Kampala are several. The city is not organized in productive ways. There are structural, regulatory and institutional constraints that hinder productivity and prevent specialization and trade. For instance, the complex land tenure system which reduces access to land for investment, a dysfunctional land market, weak regulation of the transport industry coupled with no new public transport investments, decentralised urban administration, insufficient urban management capacity, mistrust between the public and the institutions, and lack of funds.

Ms. Ssanyu reassured delegates at the Economic Forum that KCCA has planned several interventions to address the aforementioned bottlenecks. These include; regional physical development plans, paving urban roads to reduce traffic congestion, creation of co-work spaces for small and micro enterprises to help create more employment opportunities in the centre, and digitised street naming and house numbering.

The Authority will also construct non-motorised transport corridors in Kampala, to simplify mobility for the proportion of the population that cannot afford to pay for transportation services.

“The non-motorised transport corridors will help the larger part of the population that cannot afford transportation, to access services in within the city. They will also provide alternatives for Ugandans who prefer to walk, as a form of exercise,” said Ms. Ssanyu.

The 3-day 7th CPA Economic Forum which is being held at Imperial Resort Beach Hotel, Entebbe, closes today, 19 July 2019. It is organised annually, by the Institute of Certified Public Accountants of Uganda (ICPAU), as one of the avenues through which accountants advise government on financial matters and the economy.

The Forum is sponsored by the Capital Markets Authority, Civil Aviation Authority, the National Social Security Fund, National Water and Sewerage Corporation, PKF Uganda and Goldgate Certified Public Accountants.

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7th CPA Economic Forum: News in Pictures Edition 1

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CPA Sandra Batte was the MC on Day 1 of the Forum
L-R: ICPAU CEO, CPA Derick Nkajja and ICPAU President, CPA Frederick Kibbedi
ICPAU Council members, L-R: CPA Stephen Ineget & CPA Constant Mayende
ICPAU Council members, with Keynote Speaker, Dr. Joseph Muvawala (ED National Planning Authority) and sponsors, NWSC, NSSF, Glodgate CPA
ICPAU past Presidents, L-R: CPA Joseph Baliddawa (2007 – 2010) and CPA David Opiokello (2001 – 2004)
Kanji Band (Angela Kalule) provided entertainment on Day 1 of the Forum
NSSF is one of the official sponsors of the Economic Forum
Participants at the Forum
Welcoming delegates on Day 1. Right is ICPAU’s Cones Biine
CPA Dan Badebye (Chairman of the CPA SACCO) making a submission, during the Forum
ICPAU staff L-R: John Linonn Sengendo (Communications Officer), CPA Charles Lutimba (Manager – Standards & Technical Support) & Mr. Godfrey Neema (Manager – Stakeholder Engagement)
NWSC is an official sponsor of the 7th CPA Economic Forum
Tr. Mpamire was in attendance on Day 1

Uganda National Budget Sending Wrong Signals – Dr. Muhumuza

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Dr. Fred Muhumuza, Lecturer, Makerere University

The 2019/20 Uganda national budget is sending wrong signals to the market, Dr. Fred Muhumuza, a lecturer at Makerere University has said.

Stockpiling of funds and fiscal indiscipline have affected competitiveness which has forced people to invest in non-tradables like real estate, trees, security firms and treasury bills and this has affected job creation.   

Dr. Fred Muhumuza was discussing the implications of Uganda’s 2019/20 National Budget at the 7th CPA Economic Forum, jointly with Ms. Patronella Namubiru, an Associate Tax Director at Deloitte and Touche.

National budgets should contribute towards the economy, through both quantitative measures (such as growth, jobs, among others) and qualitative measures (such as social development and better performance of markets).

Uganda’s 2019/20 national budget plans to spend Shs. 40 Trillion; Shs. 10.6 trillion on debt repayment and Shs. 6.4 on Works and Transport.

However, the challenge for Uganda is that, despite the existence of planning, the mode and manner of implementation is weak.

Uganda’s budgeting process is characterized by growing deficit, growing debt, fiscal indiscipline, political interference and disorientation, and excessive skewing towards capital development and public administration. This has had significant impact on competitiveness of the economy and external sector.

The relatively high interest rates in Uganda, in the range of 19-23 percent, over the last 20 – 25 years have caused sector inefficiencies.

Uganda’s economy has not created sufficient and quality paying jobs partly due to the high population growth rate, limited business opportunities, and technological disruptions.

Progress made in infrastructure has been quite substantial but is yet to fully impact the economy in anticipated ways due to additional constraints on the private sector that include: high cost of credit, low demand, high cost of tariffs, and structural bias that favors imports. Although critical for sustainable growth and inclusive development, infrastructure development has limited impact on inclusive growth rates in Uganda.

Price stability has been a success but at a high cost of interest payments that continue to create a need for capitalization of the Central Bank.

The Economic Forum is a three-day annual convention of accountants aimed to discuss and drive policy recommendations for Uganda’s growth and development. The theme for this year’s Forum is Transformation for Socio-Economic Empowerment.

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Gambling and Sports Betting in Uganda: A Sorry Tale

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Dr. Martin Lwanga, Dean of Faculty of Business & Administration, Uganda Christian University

Kiwuwa is a betting addict who is about to gamble his life away. He has been gambling since he was 19. But the urge intensified when he got a job as a pump attendant, at 23 years. At first, all seemed well as he would win some and lose some. But soon his luck run out. Kiwuwa became an addicted gambler and his employers soon lost trust in him. Kiwuwa has since depleted his household properties through gambling away with a hope that he will replace them after winning a huge bet.

Such is the sorry tale of many youth in Uganda. Research shows that majority of Ugandans in gambling are the youth.

Because Uganda is a young nation, with 55% of the population aged below 18 years, gambling is a major concern. Those who gamble spend about 12% of their monthly income on gambling activities. This means that they have less for their household, since they prioritise betting over saving and providing basic needs. Approximately 27% of those who bet on sports do it on a daily basis. Gambling has led to loss of school fees, poor academic performance, alcohol and drug abuse, risky sexual behavior and crime.

While delivering a presentation on the socio-economic impact of gambling and sports betting in Uganda, during the 7th CPA Economic Forum, Dr. Martin Lwanga, the Dean of the faculty of Business and administration at Uganda Christian University said many young people are involved in gambling because of high rates of youth unemployment and high levels of rural urban migration (47% of sports betting outlets are located in Kampala).

To address the gambling monster, Dr. Lwanga recommends investing in agriculture through increased funding and investment in infrastructure, skilling the youth through focus on vocational education, revising the education curriculum to increase ICT training, taxing the vice, strengthening regulation and mind-set change through promoting a sense of nationhood and eliminating the culture of quick bucks.

“If we are going to integrate young people in our society, we must promote physical education, entrepreneurship and a sense of nationhood,” said Dr. Lwanga.

He also emphasized the need for focus on the boy child. “In this country we emphasize the girl child so much and we have forgotten the boy child. We need to parent our sons,” he noted.

The Economic Forum is organised annually, by the Institute of Certified Public Accountants of Uganda (ICPAU), as one of the avenues through which accountants gather views and advise government on financial matters and the economy. The agreed policies are forwarded to the Ministry for Finance, Planning and Economic Development, for consideration in national policy formulation.

Sponsored by the Capital Markets Authority, the Civil Aviation Authority, the National Social Security Fund, National Water and Sewerage Corporation, PKF Uganda and Goldgate Certified Public Accountants, the 7th Forum is being held at the Imperial Resort Beach Hotel, Entebbe, from 17-19 July 2019.

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Uganda Electricity Generation Company to Diversify Energy Generation

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Eng. Dr. Harrison Mutikanga

By Leah A. Onyango

The Uganda Electricity Generation Company Limited (UEGCL) will diversify energy generation and develop new energy sites, as one of the strategies to achieve the projected electricity demand by 2040, Eng. Dr. Harrison Mutikanga, the Chief Executive Officer of the company has said.

Dr. Eng. Mutikanga was delivering a presentation on Creating Opportunities from Infrastructure Development, at the 7th CPA Economic Forum.

Other strategies that UEGCL will employ are: investment in research and innovation, public and private partnerships to reduce the infrastructure financing gap, listing on the capital markets, matching project lifetime (investment) with financing tenure, concessionary financing, and hedging against price and exchange rate escalations.

The above strategies will help address the challenges to infrastructure development, which include: large capital investment required (USD 51 Billion is required to realise 17,000MW), bureaucratic funding guidelines and conditionalities that make funding mobilisation difficult, aging and deteriorating assets, proposed mergers and policy shift that are likely to disrupt progress, stringent procurement guidelines that technically disqualify local companies, and inadequate capacity for local contractors and human resources.

As per Vision 2040, the government expects 80% of the population to access an equivalent of 3668 (Kwh) of electricity. UEGCL projects per capita consumption of electricity at 41,738kwh (71%) by 2040.

At present, over 30 million people in Uganda have no access to electricity. On a positive note, however, some power projects like Isimba, Kiira and Nakibaale hydro power plant (HPP) with 183, 200 and 180 MW have already been commissioned.

The Karuma HPP in Kiryandongo when completed will generate up to 600MW of electricity and the opportunities after completion will include; increased tax revenue from private operators and electricity sold, jobs for locally employed staff and service providers e.g. security, food and  cleaning. He added that, the project employs about 87% Ugandans and 13% Chinese nationals. UEGCL plans to conduct corporate social responsibility activities like construction of Masindi UPDF Barracks Health Centre, Dicunyi Health Centre, Amanji Primary School and Karuma Trading Centre among others.

Other projects that are underway include Nyagak, Muzizi, Okulecere, Agbinika and Maziba HPP which are located in Zombo, Kibale/Kigadi, Arua, Yumbe and Kabale respectively.

Infrastructure development is a fundamental force to power socio-economic transformation.Infrastructure includes; transportation, communication, sewage, water and electric systems among others. The Uganda National Roads Authority, Civil Aviation Authority, National Water and Sewerage Cooperation, Uganda Railways, the Government of Uganda and Uganda Electricity Generation Company Limited (UEGCL) are the key institutions that are championing Infrastructure development in Uganda.

First world countries have invested huge resources in electricity infrastructure. In, Norway, for every five million people, there is capacity installation of 33,000 megawatts (MW) per capital gross domestic product (GDP), an equivalent of USD 61,414 per capita consumption. Uganda’s electricity installation capacity is 50% lower than Tanzania and Kenya.

Uganda’s Vision 2040, developed by the National Planning Authority is “a transformed Ugandan Society from a Peasant Economy to a Modern and Prosperous Country within 30 years”.

The 7th CPA Economic Forum is a three day residential conference hosted by the Institute of Certified Public Accountants of Uganda from 17 – 19 July 2019, at Imperial Resort Beach Hotel, Entebbe. It attracts over 450 Accountants and other policy makers to discuss and share ideas affecting the economy and make policy recommendations to the Ministry of Finance Planning and Economic Development.

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Socio-Economic Empowerment through Agriculture: Farmers Advised to Organise themselves in Cooperatives

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Prof. Moses Tenywa

By Leah A. Onyango

Prof. Moses Tenywa has advised farmers to switch to more integrative models, such as organising themselves in cooperatives, if they are to achieve socio-economic empowerment.

“Farmers should organise themselves in cooperatives, to create effective demand, reduce risks and increase access to credit facilities,” said Prof. Tenywa.

The Director – Makerere University Agricultural Research Institute, Kabanyolo was speaking at the 7th CPA Economic Forum.

Agriculture is an important sector of Uganda’s economy. It employs over 80% of the population and contributes to the Gross Domestic Product by over 23%. Many are small holder farmers who are engaged in food and industrial crops, forestry, fishing, livestock, and horticulture.

However, uncompetitive prices in the market, less profits, low productivity, price fluctuations, land degradation, weak government policy, poor linkages, limited access to timely knowledge and negative impact on climate change are some of the factors hindering creation of a robust agricultural sector in Uganda.

Prof. Tenywa emphasized that farmers should switch from subsistence to commercial farming, as this will lead to creation of jobs, increased income and strengthening of food and nutrition in the economy. According to Prof. Tenywa, the agricultural sector should enable the Ugandan population to earn between USD 1000 – 1200.

He added that, integration of social capital by forming SACCOS and cooperatives, agricultural extension systems, sustainable policies, technology issues, market inclusion for both inputs and outputs, protection of natural resources, agricultural insurance and infrastructure need to be strengthened in order to achieve a robust agricultural sector.

Through public and private partnerships with the Ministry of Water and Environment, Ministry of Education and Sports, and the Ministry of Agriculture Animal Industry and Fisheries the government is equipping farmers with skills and knowledge with emphasis on non-formal education, ICT facilitated learning, business plan development and the savings culture.

The 7th CPA Economic Forum is an event organised by the Institute of Certified Public Accountants of Uganda. Scheduled for; 17-19 July 2019 at Imperial Resort Beach Hotel, Entebbe. Over 450 Accountants and other Professionals have converged to discuss and share thoughts on  issues affecting Uganda’s growth and development, under the theme, transformation for socio-economic empowerment. Policy recommendations from the Forum will be forwarded to the Ministry of Finance, Planning and Economic Development, for National policy formulation.

The Forum is sponsored by the Capital Markets Authority, the Civil Aviation Authority, the National Social Security Fund, National Water and Sewerage Corporation, PKF Uganda and Goldgate Certified Public Accountants.

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