I will begin by thanking the Board and members of the Institute for arranging the AGM and for their choice of theme: “Uganda’s financial sector at 50; Achievements, Challenges and Expectations for the future” which is clearly very pertinent for everyone involved in the sector.
In keeping with this theme, I want to share with you my thoughts on what I believe are the most pressing challenges facing the financial services industry in Uganda today. These are challenges which must be confronted if the industry is to contribute fully to our efforts to transform the structure of the economy and move it towards middle income status.