But just as employers bear a social responsibility for their employees, banks bear a social responsibility for savers and for society as a whole. Reforms must be targeted at internalising this social responsibility in business strategies so that what is collectively optimal is selected by profit-maximising business units.
However, remittances have not played a major role beyond supporting household welfare yet the Ugandan Diaspora could play in enhancing and enabling FDI into Uganda. The Ugandan Diaspora community have the potential to invest in its own right, but also has the knowledge, expertise and experience that could be deployed in enabling private sector investment.