Browsing by Author "Uwonda, Gilbert"

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    Cash Flow Management and Sustainability of Small Medium Enterprises (SMEs) in Northern Uganda
    (International Journal of Social Science and Economics Invention (IJSSEI), 2015-08) Uwonda, Gilbert; Okello, Nelson
    In Uganda SMEs are viewed as seedbeds for growth of new firms and vehicles for poverty reduction. Deterioration in growth and failures in SMEs have been linked to poor cash flow management, This study sought to examine how cash flow management influences sustainability SMEs in Northern Uganda. The research adapted a cross sectional study. A sample of 120- SMEs was selected using stratified sampling. Self administered questionnaires, designed for this study, were filled in by SME managers and the data analyzed using frequency tables, custom tables, Correlation Analysis and Multiple Logistic Regression. The study revealed limited application of cash flow management by SMEs in Northern Uganda, especially cash flow projection; tax planning; budgetary control and interpreting financial statements. As a result the study noted that most SMEs had declining levels of long-term solvency and growth. Finally the study
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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, 2019-08) Eton, Marus; Uwonda, Gilbert; Mwosi, Fabian; Ogwel, Bernard Patrick; Obote, Dennis
    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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    Effectiveness of commercial forestry policy in contributing to the promotion of sustainable household income in Northern Uganda
    (Global Advanced Research Journal of Management and Business Studies, 2013-09) Uwonda, Gilbert; Bedijo, Geoffrey
    This study aimed at examining the effectiveness of commercial forestry policy in contributing to the promotion of sustainable household income and analyzing the factors that affect implementation of the current Commercial Forestry Policy in Northern Uganda. Although Commercial Forestry Policy and supportive laws exist for the development of commercial forestry, which together with other socioeconomic activities, mainly agriculture, could improve socio-economic conditions of households in this area with vast arable land, the population has remained largely poor with most of the land unutilized. A cross-sectional survey design was used. Questionnaires and key informant interviews were employed to collect data from opinion leaders at the local community level, local government leaders and personnel, private tree farmers, National Forestry Authority staff, Non Governmental Organizations' staff involved in forestry activities and forest produce entrepreneurs. The data was analyzed by measuring the frequencies of occurrence of sets of responses and Pearson’s correlation analysis The findings revealed that commercial forestry is effective in contributing to the promotion of sustainable household income but there has been, inadequate public awareness, lack of seeds/planting stocks and funds The study recommended that continuous awareness creation be conducted and assistance in terms of inputs be extended to this community to encourage commercial forestry and improve household income
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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 (ijasre), 2019-10) Eton, Marus; Uwonda, Gilbert; Mwosi, Fabian; Barigye, Godfrey; Ogwel, Patrick Bernard
    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
    (Journal of Innovation and Entrepreneurship, 2021) Eton, Marus; Mwosi, Fabian; Okello-Obura, Constant; Turyehebwa, Abanis; Uwonda, Gilbert
    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.