Bishop Barham University College
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- ItemInformation and Communication Technology Adoption and the Growth of Small Medium Enterprises in Uganda: Empirical Evidence from Kampala City Council Authority(International Journal of Academic Research in Business and Social Sciences, 2019-09-19) Eton, Marus; Okello-Obura, Constant; Mwosi, Fabian; Ogwel, Bernard Patrick; Ejang, Mary; Ongia, FrancisThe study used cross sectional study design and data were collected from business owners operating within the divisions of Kampala Capital City Authority. The study found out that the level of ICT adoption in Kampala Capital City Authority was moderate. ICT adoption was mostly marked with establishment of separate IT department, use of bulk SMS, printers, scanners and photocopiers. Specialized ICT skills, regular updates and outsourcing of ICT functions appeared to be a key challenge business face in ICT adoption. The findings however, indicated that growth of SMEs is a conglomeration, of which adoption of ICT is a microcosm. The study recommends that Government of Uganda through Ministry of Science Technology and Innovation and Ministry of Finance Planning and Economic Development should consider promoting ICT business growth by sponsoring business software development, and distributing the same at subsidized costs. Training institutions should strengthen the ICT training programs by aligning them to the required job demands as dictated in the field of business. Government should also promote the application and adoption of ICT e-business by slashing the exorbitant taxes charged on the use of these products. Government should stimulate entrepreneurship development training to curb the shortfalls in staff competence, individual job creation and profitability skills.
- 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 (ijasre), 2019-10-10) Marus, Eton; Uwonda, Gilbert; Barigye, Godfrey; Ogwel, Patrick BernardThe 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.
- 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, 2020-08-14) Eton, Marus; Basheka, Benon C.; Mwosi, FabianThe 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.
- 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, 2020-11-17) Marus, Eton; Mwosi, Fabian; Ejang, Mary; Poro, Sammy GodfreyThis 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 Accountability Mechanisms in Local Governments in Uganda: a case of Kabale District Local Government(Journal of Accounting and Taxation, 2021-04-20) Arinaitwe, Perpetua; Eton, Marus; Agaba, Moses; Turyehebwa, Abanis; Ogwel, Bernard Patrick; Mwosi, FabianThe 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.
- ItemCorporate Governance and Firm’s Financial Performance amongst Private Business Enterprises in Uganda, a Perspective from Lira City(African Journal of Business Management, 2021-08-27) Marus, Eton; Mwosi, Fabian; Sunday, Arthur; Poro, Sammy GodfreyThe 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.
- 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, 2021-10-23) Marus, Eton; Mwosi, Fabian; Okello-Obura, Constant; Turyehebwa, Abanis; Uwonda, GilbertThe 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.