COVID19 has caused significant economic slowdown in the world economy at large and Uganda in particular.
The Uganda Ministry of Finance and Economic Development (MoFPED) estimates that restrictions on the movement and gathering of people and closure of borders, economic growth for FY2019/20 would decline to between 4.6 percent and 5.1 percent from 6.0 percent and over 3.3 million Ugandans would be pushed into poverty.
Therefore, beyond the response phase of the COVID19 pandemic, the most important phase for the microfinance space will be recovery of the microfinance institutions (MFIs) and SACCOs from the effects of the pandemic, and the social and economic rehabilitation of microfinance clients as well as building their resilience to withstand future shocks. The economic impacts of the pandemic on the MFIs and clients will depend on the severity of the crisis and the duration of Government’s interventions to contain the spread of the epidemic.
In response, AMFIU has organised a webinar to discuss Post Covid-19 Coping Mechanisms for microfinance Institutions and SACCOs. The discussions will focus on revamping microfinance businesses, case for digital transformation and available support from development partners towards microfinance services.
Date: 8th July 2020 Time 11:00AM – 1:00PM
Ms. Mona Muguma-Ssebuliba
Chief Operating Officer, aBi Finance
Dr. Henry Clarke Kisembo,(PhD Finance)
Chief Managing Partner, DALI
Mr. Jimmy Adiga
Chief Executive Officer, Brac Uganda Bank Ltd
Mr. John Bosco Abaho
General Manager, Rukiga SACCO
AMFIU President/ Executive Director.
Pride Microfinance Ltd (MDI)