Day: August 13, 2019

Grow your business with summitASSURE’s UYP practical business training

The Ugandan economy is supported by SMEs contributing about 90% of the private sector production. SMEs are the prime source of new jobs and play a crucial role in income generation especially for the poor. Unlock Your Potential (UYP) is a practical training programme for owners and managers of small and medium enterprises who want …

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External Audit of information and communication technology systems of Supervised Financial Institutions (SFIs)

On July 10, 2019, Bank of Uganda issued Instruction Circular ‘EDS.306.2 as a follow-up to circular Ref: EDS.306.2 dated July 13, 2017, with respect to the subject matter. All SFIs are required to conduct an external audit of their ICT Systems. And that an SFI may identify and engage any firm from the list of …

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Bank fraud in East Africa, how to prevent this ever-present danger, part 1

No system is unhackable. That is the hackers’ credo. And it is accurate. There is no security system that cannot be breached. The catchphrase these days is “military-grade” encryption. The truth is, the military-grade security system is managed by human beings! It goes without saying that what one human being can do. Another can do …

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