Browsing by Author "Gilbert, Uwonda"

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    Cash 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, Obote
    The 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.
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    Financial 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 Ogwel
    The 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.
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    Financial 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, Uwonda
    The 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.
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    Globalization 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, Uwonda
    Globalization, 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