Minister Musasizi:  Indigenous Banks Have a Pivotal Role to Play in the Tenfold Growth Strategy

By Wilfred Arinda Nshekantebirwe When Mr Julius Kakeeto, the Managing Director of Pearl Bank, walked into a meeting with Finance Minister Henry Musasizi on Thursday morning, he carried with him numbers that tell a story about what an indigenous bank, given the right conditions, can do for a country trying to remake its economy. Five million Ugandans brought into the money economy. Thirty-one thousand, six hundred and forty-two jobs created across the country. Fifty-eight branches reaching deep into districts where the large commercial banks rarely venture. A mobile wallet called Wendi with 2.4 million subscribers, many of them people who