The Bank is therefore required to conduct monetary policy with utmost deliberation so that financial institutions’ profit base would not be impaired for a protracted period, or that their resilience to the risk of a rise in interest rates would not decline noticeably.
It is also one of the reasons why foreign owned companies are more successful than many domestically owned companies. To be successful on a sustainable basis, Ugandan entrepreneurs must learn from the success of James Mulwana and adopt a modern professional approach to the management of their businesses. I would now like to turn to the overall business environment in Uganda.