Browsing by Author "Fabian, Mwosi"
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- ItemAre internal controls important in financial accountability? (Evidence from Lira District Local Government, Uganda)(International Journal of Financial, Accounting, and Management (IJFAM), 2022) Eton, Marus; Fabian, Mwosi; Benard, Patrick OgwelPurpose: The study examined the importance of internal control systems in financial accountability in Lira District Local Government, Uganda. Specifically, the study determined the importance of control activities, control environment, and monitoring of controls on financial accountability. Research methodology: A correlational design to establish the relationships between internal control systems and financial accountability, and regression analysis to explain the importance of internal controls on financial accountability were adopted. Results: Internal control systems account for 55.4% of the variations in financial accountability. Specifically, control environment and monitoring controls bear significant effects on financial accountability while control activities do not. Contribution: This is one of the original studies to assess Lira District Local Government. The study validates the contingent theory and extends its application in public administration. Limitations: The input of stakeholders from the community was ignored. Future researchers should consider investigating the role of community participation on the performance of district local governments in Uganda.
- ItemCash Budgeting and Organizational Performance of Private Firms in Uganda: A Case of Kabale District, Western Uganda(International Journal of Management and Commerce Innovations, 2018) Eton, Marus; Fabian, Mwosi; Benard, Patrick OgwelCash budgeting should ensure that organizational expenditures match planned cash flows. The study sought to examine the role of Cash budgeting in improving organizational performance of private business firms in Uganda. The study adopted a correlation, descriptive and analytical design, with both quantitative and qualitative approaches being used. Data was collected by use of questionnaires which was self administered. A sample of 115 was chosen, the findings indicated the correlation between cashing budgeting and organizational performance (r = .638) which showed a strong association between the two variables. In addition (Adjusted R Square = .402) indicated that cash budget in the institutions investigated influences about 40.2% of the entire organizational performance. The findings also indicate that cash budgeting stabilizes profitability levels, ensures that organizational expenditures are kept in line with planned cash flows, which also enhances the capacity to predict the likelihood of excess cash. The study recommended that business organizations should focus on profitability levels more than struggling to meet their financial obligations. Performing organizations should establish sound liquidity management practices and should endeavor to employ strategic plans in realizing organizational objectives.
- ItemCash Management and Financial Performance of Business Firms in Northern Uganda a Case of Lira District(The International Journal of Business Management and Technology, 2019) Eton, Marus; Gilbert, Uwonda; Fabian, Mwosi; Benard, Patrick Ogwel; Dennis, OboteThe study sought to establish the effect of cash management on financial performance of business entities in Lira district. A cross sectional study design was adopted and data was collected by use of structured and closed ended questionnaire. Business owners who took part in the study confirmed high abilities in managing cash receivable, holding inventories and properly generating sufficient cash for meeting immediate obligations. However, the study found that the aforementioned practices were not sustainable with time due to incompetence in forecasting receipts and payments. This led to a conclusion that cash management has an insignificant effect on financial performance. The study recommended that Business associations like Uganda Chamber of Commerce, Uganda Manufacturers Association, in addition to Ministry of Trade and Commerce should consider providing trainings on cash management to existing and upcoming entrepreneurs to support them in developing cash management and other necessary business skills. There is also need for business owners to consider hiring business experts who can use different statistical models to forecast business performance.
- ItemCo-operative and saving societies (SACCOS) and poverty reduction in Lango and Kigezi sub-regions of Uganda: A comparative empirical study(African Journal of Business Management, 2020) Eton, Marus; BC, Basheka; Fabian, MwosiThe paper examines the contributions of co-operative and saving societies in poverty reduction in Lango and Kigezi sub-region. The study adopted a comparative and cross-sectional survey design where bivariate and multivariate data analyses were used to analyze the data. Specifically, correlation and regression analysis were done to determine the relationship between financial contribution by savings and credit co-operative (SACCOS), saving culture and poverty reduction. The findings established that low-income households had inadequate access to cheap and affordable credit. In the two regions, the available credits offered by SACCOS were not cheap per say and the SACCOS offered credit at 10% per month, which translated into 120% per annum. The study reveals that microcredits create long-term indebtedness among the rural poor, and yet households are not competent in managing their finances. The saving culture in Kigezi sub-region is associated with political motivations and support from politicians. In contrast, in Lango sub-region, saving culture is associated with response to government programs that were aimed at reconstructing northern Uganda after the two decades of insurgency. The provision of more financial services would contribute to poverty reduction and training of households on the utilization of financial credit.
- ItemCommunity management and sustainability of Gravity water flow scheme in Uganda, A Case of Rubanda District.(International Journal of Social Science and Humanities Research, 2020) David, Otika; Fabian, Mwosi; Eton, Marus; Benard, Patrick Ogwel; Godfrey, BarigyeThe study investigated community management and sustainability of gravity water flow scheme in Rubanda district, Uganda. The study adopted a cross sectional survey and descriptive research design. A descriptive research design was helpful in establishing how community management is essential in ensuring sustainability of the gravity water flow schemes in Rubanda. Both quantitative and qualitative approaches were employed in collecting and analyzing data, which was collected in a snapshot interaction between the researcher and field respondents. The study applied convenient sampling technique to select water users and water committee members. The study established that Community management appeared very insignificant in contributing to sustainability of gravity flow schemes. Efforts to incorporate gender in sustainability have yielded almost nothing. The government does not have adequate staffing to provide repairs and maintenance of rural water , the communities are able to mobilize funds for repairs and maintenance of water facilities but are not good at attracting external funding. The study recommends that Government, through its water and sanitation department at the district level should consider employing technical staff in water management to provide standby services to rural water communities. Community leadership should consider involvement of women in water management, as they are the most important users of the water facilities. Government, NGOs and private sector should train communities in fundraising, proposal writing so as to attract external funding for supporting sustainability of water facilities.
- ItemCorporate governance and firm’s financial performance amongst private business enterprises in Uganda, a perspective from Lira City(African Journal of Business Management, 2021) Eton, Marus; Fabian, Mwosi; Arthur, Sunday; Sammy, Godfrey PoroThe study examined the effect of corporate governance on firm’s financial performance amongst private business enterprises in Uganda. The study used descriptive and survey design. A mixed method approach which involved both qualitative and quantitative techniques were also used. The study found out that corporate governance significantly influences the financial performance of hotels and manufacturing firms in Lira City and majority of the firms investigated performed on average financially. It was also established that firms whose boards demonstrate high integrity were likely to register positive changes in their financial performance than firms whose boards do not. The study also noted that board independence would propel the firm to grow to greater heights. The study recommends that hotel and manufacturing firm owners should exercise some discipline and leave boards to operate independently. This would allow the board to remain focused on the long-term goals of the firm. The hotel and manufacturing firm owners should be cautious in selecting board members lest they attract many that would increase the firm’s liabilities.
- ItemCurriculum Interpretation and Learners’ Attainment of Reading Skills in Uganda a Case of Selected Districts in Acholi Sub-Region(International Journal of Research and Innovation in Social Science, 2019) Sammy, Godfrey Poro; Eton, Marus; Andrew Peter Yiga; Julius, Caesar Enon; Fabian, MwosiThe study sought to assess the influence of curriculum interpretation on learners’ attainment of reading skills in Acholi Sub region, Uganda. The finding indicated a significant relationship between curriculum interpretation and attainment of learners’ reading skills. The study recommended a more coordinated approach to language policy implementation so that all learners can have the opportunity to learn to read first in their mother tongue and for reading to be beneficial and meaningful for them. Emphasizing instruction in local languages in government primary schools disadvantages learners when it comes to preparation for Primary Leaving Examinations. The government needs to streamline policy on thematic curriculum implementation so that all learners in Uganda are given equal opportunities when it comes to primary leaving examinations
- ItemThe effect of COVID-19 on financial inclusion in the Kigezi and Lango subregions in Uganda(Journal of the International Council for Small Business, 2022) Eton, Marus; Fabian, Mwosi; Mary, EjangThe year 2020 opened with tough policy measures to control the rapid spread of COVID-19. We sampled, explored, and analyzed the most recent studies that linked COVID-19 to business and finance. We identified two mitigations, which had strong effects on financial inclusion but had been neglected: lockdown and social distancing. We used lockdown and social distancing to conceptualize COVID-19, and developed two theoretical nexuses among COVID-19 and financial inclusion, and COVID- 19 and government policy interventions. We explored each of the nexuses. First, we described the extent of lockdown and social distancing, financial inclusion, and government policy interventions. Second, we compared these nexuses in both the Lango and Kigezi subregions, and explained the significance of the interventions. Third, we used beta coefficients to quantify the effects of COVID-19 on financial inclusion. We provide a solid foundation for compulsive online banking in developing countries.
- ItemExam and knowledge-based educations in Uganda: A comparison of concepts. A case of Lango sub region, Northern Uganda(International Journal of Multidisciplinary Research and Development, 2018) Eton, Rehema; Andrew Peter Yiga; Solomon Asiimwe Muchwa; Fabian, Mwosi; Eton, MarusThe argument that today’s graduates were more theoretical than practical has been dominating the educational sectors in the country. The study sought to investigate the role of Exam and Knowledge-based Education on students’ Professional Competence in tertiary institutions in Lango subregion, Northern Uganda. A sample of 111 respondents was chosen from the respondents and the response rate was 100%. The study found out that Learners and instructors view education as merely passing examinations. In this view, instructors teach only what is related to exams, leaving out the core concepts that would build on knowledge and life skills that are required in the world of work. Giving much attention to exams and the nature of examination has underscored the role of teaching, prompting many education stakeholders to engage in examination malpractice The study recommended that Universities and higher education institutions should collaborate with employers and curriculum developers to ensure that whichever knowledge and skills universities and higher education institutions provide are in direct line with what employers need from employees. National Council for higher Education (NCHE), the organ responsible for accreditation of university and other tertiary institutions’ academic programs should collaborate with stakeholders, particularly employers before approving institutions and university programs. It’s high time that universities and higher education institutions design programs that are demand-driven than academic-driven. National examination boards should stop recycling questions, a practice that has made students and learners to correctly hypothesize what is likely to appear in an external examination. Education institutions should shift from handouts that promote cram work to handouts that promote understanding.
- ItemFinancial accountability mechanisms in local governments in Uganda: a case of Kabale District Local Government(Academic Journals, 2021) Eton, Marus; Moses, Agaba; Abanis,Turyahebwa; Perpetua, Arinaitwe; Fabian, Mwosi; Bernard, Patrick OgwelThe purpose of the study is to present financial accountability mechanisms in local governments, with reference to Kabale district local government. A cross-sectional research design, which used both quantitative and qualitative approaches to collect and analyze data, was adopted. Both simple random and purposive sampling techniques were used to select 117 respondents from 174 subjects. Questionnaires and personal interviews were used to collect data from respondents. Frequencies and percentages were used to analyze quantitative data, while direct quotes from interviews conducted among key informants formed the basis for qualitative analysis. Quantitative analysis was aided by software for document analysis (SPSS V 20.0). The study found out that service delivery was the most commonly used financial accountability mechanism, followed by financial reporting, expenditure control and budget. The paper therefore, concluded that service delivery is the most used mechanism of financial accountability, though the district’s local budget seemed unclear on reflecting the priorities of the local people. This paper suggests that the local government should ensure that the district’s budget demonstrates community preference; salaries and wages should be paid in accordance with the district’s approved budget; expenditures on development should always be as per the approved budget, and the mode of financial reporting, particularly on liabilities should be standardized.
- ItemFinancial accountability mechanisms in local governments in Uganda: a case of Kabale District Local Government(Journal of Accounting and Taxation, 2021) Perpetua, Arinaitwe; Eton, Marus; Moses, Agaba; Abanis, Turyahebwa; Benard, Patrick Ogwel; Fabian, MwosiThe purpose of the study is to present financial accountability mechanisms in local governments, with reference to Kabale district local government. A cross-sectional research design, which used both quantitative and qualitative approaches to collect and analyze data, was adopted. Both simple random and purposive sampling techniques were used to select 117 respondents from 174 subjects. Questionnaires and personal interviews were used to collect data from respondents. Frequencies and percentages were used to analyze quantitative data, while direct quotes from interviews conducted among key informants formed the basis for qualitative analysis. Quantitative analysis was aided by software for document analysis (SPSS V 20.0). The study found out that service delivery was the most commonly used financial accountability mechanism, followed by financial reporting, expenditure control and budget. The paper therefore, concluded that service delivery is the most used mechanism of financial accountability, though the district’s local budget seemed unclear on reflecting the priorities of the local people. This paper suggests that the local government should ensure that the district’s budget demonstrates community preference; salaries and wages should be paid in accordance with the district’s approved budget; expenditures on development should always be as per the approved budget, and the mode of financial reporting, particularly on liabilities should be standardized.
- ItemFinancial Inclusion and Access to Higher Education An Empirical Study of Selected Districts in Eastern Uganda(European Journal of Business and Management, 2020) Eton, Marus; Sammy, Godfrey Poro; Denis, Sekiwu; Fabian, Mwosi; Francis Akena, AdyangaAccess to higher education has continuously been a challenge in Uganda. The research brought out the relationship between financial inclusion and access to higher education. Descriptive survey research design was adopted and the findings established that digital financing eases making deposits in banks, transacting via mobile money and switching from one bank to the other. Students find it easy to deposit tuition in the bank just as they find it easy to access money via mobile money. While financial inclusion makes financial services available in the economy, students, especially those from low-income families find difficulty accessing a wider range of these products, which hinders their access to higher education. The study also establishes that a good number of students fail to meet admission requirements. Since students from low-income families attend high schools of low quality, they have insufficient understanding of some subjects, and thus unable to join higher education. Online registration and payment, students’ decision not to join, peer influence, and rigidity of university programs; are deeply flawed to limit accessing higher education. However, financial services remain accessible to rich individuals who demonstrate ability to pay. The study recommends that the government of Uganda through the concerned ministry should review the implementation of their policies on Students loan scheme and district quota systems. The government should always publish the lists of students admitted to higher education institutions in popular media and newspapers to create awareness to those being admitted to particular institutions.
- ItemFinancial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda(International Journal of Advances in Scientific Research and Engineering, 2019) Eton, Marus; Gilbert, Uwonda; Fabian, Mwosi; Godfrey, Barigye; Benard, Patrick OgwelThe study was conducted to examine the role of financial inclusion in economic growth basing on selected districts from western Uganda. The researchers adopted a cross-sectional survey design and both quantitative and qualitative approaches were used in data collection and analysis. The study used simple random and purposive sampling techniques to select a total of 194 respondents. The findings revealed that financial inclusion is significant in supporting economic growth; it upholds equitable distribution of growth benefits, transforms peoples’ way of living, enhances capital creation and empowers people to go for financial services that are germane to their needs. The study indicated that Uganda’s population living below the poverty line is falling, which sounds precise in the context of national income but very unseemly in the context of household income. While there are indicators of reduced constraints to accessing to working capital, reduced constraints to accessing financial services, effective use of economic resources to produce goods and services, those in business do not see the efficacy by government agendas geared to supporting international trade or investment. The study, therefore, recommends that there is a need for the government to review and redesign her policies on international trade business and support for homegrown investments. There is a need for quantitative metrics to ascertain the extent to which household income is proportional to national income. Several papers have recommended government interventions in financial accessibility.
- ItemFinancial inclusion and the growth of small medium enterprises in Uganda: empirical evidence from selected districts in Lango sub-region(Journal of Innovation and Entrepreneurship, 2021) Eton, Marus; Fabian, Mwosi; Constant, Okello Obura; Abanis, Turyahebwa; Gilbert, UwondaThe growth and failure of small and medium enterprises has been a topic of discussions world over among policymakers and researchers. This study was guided by the following objectives: to examine the contributions of small medium enterprises (SMEs), to determine the challenges affecting small medium enterprises, to examine how financial inclusiveness supports the growth of small medium enterprises, and to establish the relationship between financial inclusion and growth of small medium enterprises. The study used a cross-sectional research design. Descriptive design was used and supplemented by inferential statistics. Correlation and regression analysis were adopted. The study revealed that financial inclusion is significant in supporting SME growth. The study further also revealed that the cost of acquiring and servicing financial services is high; there is also difficulty in using some of the financial services, and the way financial providers treat financial users, some lacked some degree of respect and dignity. The study recommends that financial providers should continue sensitizing the public on the available financial services beyond credit services, which are common and known. Digital financial service providers should encourage their clientele to use digitalized financial services which are cheap, secure, and risk averse. The cost of capital should also be reduced to encourage borrowing while SMEs should innovatively produce goods that can be competitive at both domestic and international markets.
- ItemFinancial Inclusion and Women Empowerment in Uganda A Case of Lango Sub Region, Northern Uganda(Economics, Commerce and Trade Management: An International Journal, 2018) Eton, Marus; Fabian, Mwosi; Benard, Patrick Ogwel; Charles Edaku; Dennis, OboteWomen empowerment has taken a center stage in the present development agenda. The study examines the role of financial inclusion in supporting women empowerment in Lango sub region, Northern Uganda. Using both purposive and simple random sampling a Sample of 126 respondents was selected with a response rate of 100% realized. The study found out that financial support appeared to be sparse, The regulations, supervision and monitoring of some of these firms was lacking, causing many women to lose their savings with such firms. The study therefore recommended that Government should establish buffers to serve as collateral security for women who intend to secure financial credit. Financial service providers should lower down the costs of operating accounts for the financial inclusiveness of women, particularly women from rural areas. Government should tighten monitoring, regulating and supervisory policies of financial service providers to restore public trust in financial institutions in Uganda. Financial services providers, government and other development partners should offer both formal and informal business education training.
- ItemFinancial inclusion: Is it a precursor to agricultural commercialization amongst smallholder farmers in Uganda? A comparative analysis between Lango and Buganda sub-regions(Journal of Economics and International Finance, 2021) Eton, Marus; Fabian, Mwosi; Mary, Ejang; Sammy, Godfrey PoroThis study examines the contributions of financial inclusion in supporting agricultural commercialization amongst smallholder farmers in Uganda in Lango and Buganda sub-regions. The researcher adopted a comparative study and cross-sectional survey design where descriptive, bivariate and multivariate data analysis was used. Chi square procedure was run to test the hypothesis that financial inclusion does not affect agricultural commercialization amongst smallholder farmers in Lango and Buganda sub-regions. Regression analysis was specifically used to predict the level of change in agricultural commercialization due to changes in financial inclusion. The study identified financial inclusion as one variable that can predict the success of agricultural commercialization, though it varies from one region to another. In Lango, efforts by government to increase financial access is a positive factor to agricultural commercialization while in Buganda, it is a negative factor. In Lango, land is communal and not individually owned. Therefore, smallholder farmers need to access finances to purchase land for commercial farming. In Buganda, however, land is freehold, which makes smallholder farmers to own chunks of land from their parents. The study has established some common factors that limit agricultural commercialization in both Lango and Buganda, that is, expensive equipment and fluctuating prices while poor infrastructure is no longer a big worry. This paper recommends that, financial service providers should revise their lending terms downwards to reach smallholder farmers, some of whom lack collateral security to pledge for credit. While the government takes credit for improving infrastructure, government, through her policy organs like ministry of agriculture, should provide buffer prices against price fluctuations.
- ItemFinancial Literacy, Cash Management and Business Growth in Kampala City Council Authority, Uganda(Economics, Commerce and Trade Management: An International Journal, 2018) Eton, Marus; Miria Nyangoma; Fabian, Mwosi; Benard, Patrick Ogwel; Barige Godfrey; Godfrey, BarigeThe study sought to establish the relationship between financial literacy, cash management and business growth in Kampala city council authority. The study design used was descriptive and correlation in nature. The study revealed a moderately high level of financial literacy, a moderate level of cash management and a moderately high level of business growth among the businesses investigated. Financial literacy confirmed in adequate knowledge on how to expand and capitalize money in addition to warranting a portion of their regular income saved in assets. It was noted that most businesses grow out of paying their debtors promptly, using loaned capital efficiently and perhaps cash planning practices. In the long run, most businesses end up into bankruptcy associated to using borrowed funds for improving standards of living. It is a common practice in Uganda for one to emerge as a promising investor, live a posh life and registered in bankruptcy within less than a decade of his business career. The study recommended that the Private Sector Uganda, Uganda Manufacturers’ Association, Uganda Chamber of Commerce; and other trade organizations should include training business men and women around the country on sound financial management. There is need to further sensitize the public and business owners in particular on the risks associated with borrowed capital. Business owners should further avoid running for credit because it is cheap and available. Business owners should always align their borrowed capital with business objectives lest they divert funds intended for business growth into improving their standards of living by spending lavishly.
- ItemFinancial Management Practices and Small- Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda(Annals of Management and Organization Research (AMOR, 2023-01-10) Eton, Marus; Fabian, Mwosi; Eliab, Byamukama MporaPurpose: The study's goal was to investigate how financial management practices impact small businesses' profitability. Research methodology: Descriptive and correlational research designs were used in the study. The study used a multi-regression analysis to estimate how financial management practices impact profitability. Results: The research showed that financial management strategies had a big effect on profitability. Management of working capital and cash has a substantial correlation with profitability, according to the evidence. The study suggests that in order to see improvements in their profitability levels, small businesses should establish strong financial management methods. Owners of small businesses must pay close attention to the dynamics of their working capital and cash management because these factors have a significant impact on their profitability levels. To balance operating costs and profitability, small firms should think about cost-cutting measures. Limitations: This study was only conducted within Kabale Municipality and future studies should be conducted in the entire region. Contribution: The study identified a trio of factors – operational expenses, microeconomic factors, and individual characteristics that constrain profitability
- ItemGlobalization and Its Implications on the Growth of Small Medium Enterprises (SMEs) in Western Uganda: A Case of Selected Districts in Western Uganda(International Journal of Research in Management, Economics and Commerce., 2019) Eton, Marus; Ayiga, Natal; Constant, Okello Obura; Fabian, Mwosi; Gilbert, UwondaGlobalization, characterized by greater economic, political and cultural integration and dependence, has been widely discussed and practiced in the last two decades. The study sought to investigate the implications of globalization on the growth of SMEs in western Uganda, Particularly how globalization affected the productivity and innovation of SMEs in western Uganda. The researcher adopted a cross sectional study design. The Data was collected by the use of structured and closed ended questionnaire. The findings revealed that businesses dealing in imported commodities are fast-growing and register tangible growth results compared to those dealing in locally manufactured commodities. Imported commodities seem not to suit the interests of most Ugandans, perhaps because some are not durable. The study further established that government finds it very difficult to control all the commodities that enter the Ugandan market. The study therefore recommends that Uganda Revenue Authority, under its Anti-Smuggling Unit, should ensure vigilance at border points to reduce the inflow of unauthorized commodities which flood Ugandan market. The Ministry of Trade, Commerce and Industry should step out to protect local firms against competition from foreign producers, particularly those dealing in similar products. Government should lower interest rates through her fiscal and monetary policies to allow SMEs access credit at affordable rates. There is also need to examine the extent to which Uganda’s membership to the East African Community boosts growth of SMEs since all the member countries have almost similar competitive economic advantages. Keywords: Globalization, growth, SMEs, Western Uganda
- ItemGovernment interventions in supporting SME growth in Lira district, northern Uganda(International Journal of Emerging Research & Development, 2018) Eton, Marus; Charles David Ebong; Fabian, Mwosi; Benard, Patrick OgwelPromoting economic growth without attendance to register business time, business education investment and non-gender based business growth is outrageous. The study sought to examine the role of Government interventions in supporting the growth of SME’s in Uganda a case of Lira District. Data were collected by use of the self-administered questionnaire in Erute counties and Lira Municipality. A sample of 167 respondents was chosen from the respondents and the response rate was 100%. Simple random sampling and stratified sampling was conducted. The study discovered that inadequacy of collateral security and struggle for financial resources come into view to limit the use and access to financial services. The finding indicates the correlations between entrepreneurship intervention and financial accessibility intervention (r = .628; p < .05) was relatively strong and statistically significant. The study recommended that Government should promote collateral security-free financial services to encourage entrepreneurs to access credit financing. The government organ charged with registration of business should promote online and decentralized registration. National budgets should prioritize investments in business education to promote business and entrepreneurship training. In addition, government and development partners should promote non-gender-based business growth to allow for participatory inclusiveness.