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Uganda’s banking sector looks brighter

FILE PHOTO: Fabian Kasi, the managing director, Centenary Bank and also chairman for Uganda Bankers Association

What advice would you give to someone looking at becoming a managing director or CEO in a business entity?

It is important to prepare for the role and one way to achieve this is through continuous learning. You also need to develop good leadership skills. As a CEO, you will be managing people from different backgrounds with different mind-sets, skills, behaviours, attitudes, among others. Therefore, you need the skills to be able create a convergence that allows for synergy of all individuals into one team and make them achieve the goals of the organisation.

What is your management philosophy?

All-inclusive decision making in a conducive environment, although sometimes instructive management may be applied where the situation demands so.

Lastly, most often, banks are good indicators of the performance of the economy. What is your assessment of the performance of the economy?

The economy is performing as per plan. An average growth rate of about 5 per cent looks good compared to growth rate of the Sub-Sahara Africa. I think the economy will achieve some of its targets as set in National Development Plan1, despite of the delays in implementing some of the government infrastructure projects like the Standard Gauge Railway, Dams, roads, and the Oil Pipeline. The only teething issues now are the depreciating shilling and increasing fuel prices that might negatively affect the achievement of the targets set.

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