Value |
Category |
ABBITRARY INCREASES IN THE LINCENSES FEES AND PENALITIES |
|
ABNITRARY INCREASE IN THE LICENSES |
|
ALOT OF FAKE MONEY IN CIRCULATION |
|
ASCUDA SYSTEM NETWORK |
|
ASYCUDA IS STILL A CHALLENGE AS IT AFFECTS NORMAL DAY TO DAY RUNNING OF BUSINESS |
|
ASYCUDA SYSTEM SOMETIMES IS OFF |
|
BLACK MARKET OPERATIONS INTERFERES WITH CLEAN BUSINESS OPERATIONS |
|
BUREAUCRACY |
|
BUSINESS CONGESTION AS A RESULT OS ASCUDA BEING SLOW AND SOMETIMES (ON AND OFF) WHEN NEEDED |
|
BUSSINES IS LOW |
|
CHANGING MARKET TECHNOLOGIES |
|
CHANGING MARKET TECHNOLOGIES. |
|
CLIENTS BRING IN WORK LATE YET THEY WANT IT IN THE SHORTEST TIME POSSIBLE |
|
COLLECTION OF LONG OUTSTANDING PREMIUMS IS MAJOR CHALLENGE |
|
COMPETITION |
|
COMPETITION FROM BANKS WITH VARIOUS BRANCHES SCATTERED IN THE SURBURBS OF KAMPALA. |
|
COMPETITION FROM FINANCIAL TECHNOLOGY COMPANIE, USE OF SOFTWARE TO PROVIDE FINANCIAL SERVICES |
|
COMPETITION FROM OTHER COMPANIES CHARGING MINIMUM RATES |
|
CONSUMER EXPECTATIONS CREATES PRESSURE AS BANKS FAIL TO DELIVER |
|
CORRUPTION |
|
CORRUPTION OF OFFICIALS |
|
COSTLY SERVICES |
|
Cargo from DRC are nolonger loaded in box bodies due to fear of weigh bridges hence end up carrying less. |
|
Changing customer needs. |
|
Changing methods of the taxation processes. |
|
Clearing and Forwarding only network ascuda world is very slow. |
|
Corruption and high inflation rates. |
|
Cost of services is too high and clients are not increasing their payments. |
|
Costly specialised training of employees including accomodation and air tickets (high inflation rates) |
|
DELAYED APPROVALS OF KEY INDUSTRY LAWS AND REGULATIONS BY GOVERNMENT EG THE PENSION LIBERATION BILL |
|
DELAYED REMATTANCE OF PREMIUMS BY INSURANCE BROKERS |
|
DOLLAR FLUCTUATION |
|
DOUBLE TAXATION FOR WITHHOLDING AND VAT TAXES |
|
FALL IN LENDING RATES |
|
FOREX FLUCTUATIONS |
|
FROUSTRATION FROM THE GOVERNMENT OWNED SERVICE PROVIDERS IE URA, UNBS,MUNICIPAL COUNCIL ETC |
|
GOVERNMENT INCREASE IN INVESTMENT IN THE ECONOMY TO BOOST BUSINESSTHAT IN TURN BOOSTS THE FINANCIAL INDUSTRY |
|
GOVERNMENT INCREASE IN INVESTMENT IN THE INDUSTRY |
|
HALF INFORMATION ABOUT THE TRANSACTIONS BY THE RECIEVER |
|
HIGH COMPETITION |
|
HIGH COST O EQUIPMENT |
|
HIGH COST OF ELECRICITY AND MANY LICENCES AND HIGH COSTS INVOLVED WHEN PROVIDING THE SERVICE |
|
HIGH COST OF ELECTRICITY |
|
HIGH COST OF LIVING SO CLIENTS HAVE LITTLE DISPOSABLE INCME FOR INSURANCE |
|
HIGH ENTRY RATRES/TRAVEL |
|
HIGH FUEL PRICE |
|
HIGH IMPAIRMENTS |
|
HIGH INTEREST RATES |
|
HIGH LEVEL OF CORRUPTION AND FRAUD BY GOVERNMENT,TOP OFFICIALS AND REGULATORY BODIES HAVE AFFECTED GROWTH OF FINANCIAL INSTITUTIONS. |
|
HIGH TAX RATES THAT MANIFEST INTO THE FINAL PRICES OF TELECOM SERVICES. |
|
HIGH TAXES |
|
HIGH WORK WITH LITTLE PAY |
|
HUMAN RESOURCE DEVELOPMENT |
|
High Exchange rates. |
|
High market led lending rates. |
|
High staff turnover as most default and escape |
|
High taxes imposed by the government. |
|
INCREASING CYBER FRAUD AND CRIME |
|
INFLATION IS STILL HIGH |
|
INFLATION PROBLEMS |
|
INTERMITTENT ELECTRICITY SUPPLY |
|
Inadequate security for transit goods from Mombasa to Kampala. |
|
LACK OF ALTERNATIVES AMONG URA SYSTEMS WHERE SYSTEM FAILURE CAUSE DELAYS. |
|
LACK OF GENERAL UNDERSTANDING OF INSURANCE AND BENEFITS THEREOF DEEM IT A LUXUARY IN THE FACE OF THE PUBLIC |
|
LACK OF INTEREST BY THE GOVERNMENT IN INSURING ITS ASSETS AND STAFF |
|
LACK OF LOCAL CAPACITY TO ABSORB INSURANCE RISKSEFFECTIVELY |
|
LACK OF SUPPORT BY LOCAL FIRMS FROM GOVERNMENT |
|
LACK OF UNIFORMITY OF VALUES FOR GOODS IMPORTED, DELAY OF SERVICES OFFERED BY URA |
|
LANGUAGE BARRIER |
|
LESS KNOWLEDGE ABOUT TAX RELATRED ISSUES AMONG CLIENTSSUCH AS WHT PAYEE AMONG OTHERS |
|
LIMITED BUDGET,LOCAL FIRMS ARE PAID LITTLE WHILE FOREIGN FIRMS ARE REWARDED WITH LARGE CONTRACTS |
|
LIMITED RESOURCES AND HIGH TAXES |
|
LOW PENETRATION IN THE MARKET I.E LACK OF AWARENESS OF INSURANCE BY THE PUBLIC |
|
LOW RESEARCH JOBS |
|
Low literacy levels among the population. |
|
Low uptake of insurance products by the public (negative attitude). |
|
MAJOR BLOWS ON INTERNATIONAL EMBARGO FROM US |
|
MAJOR DISTRIBUTORS ARE FOREIGN AND EXTEND BEST PRICES TO THEMSELVES |
|
MANY REGULATORS IN THE INDUSTRY I.E BOU, KCCA, FIA, URA |
|
NEGATIVE PERCEPTION ABOUT INSURANCE FROM PROSPECTIVE CLIENT |
|
NO CLEAR GUIDELINES |
|
NO INTERFACE WITH OFFICERS (DPC) DOCUMENT PROCESSING CENTER |
|
NO INTERFACE WITH URA OFFICERS |
|
OUR ECONOMY IS NOT DOING WELL SO THE PUBLIC IS TRYING TO REDUCE ON EXPENDITURE AND THE FIRM TO THINK ABOUT IS REDUCTION ON INSURANCE EXPENDITOR |
|
PENALITIES FROM URA AND VERY SLOW SYSTEM (ASCUDA) |
|
POLITICAL AND LEGAL BARRIERS |
|
POLITICAL CLIMATE OF KENYA HAS BEEN UNSTABLE AND SOUTH SUDAN |
|
POOR INTERFACE WITH OFFICERS OR NO INTERFACE AT ALL |
|
POOR POLICY |
|
POOR RECORD KEEPING BY CLIENTS ESPECIALLY SOURCE DOCUMENTS HINDERS QUICK ACCESS AND FINALIZATION OF REPORTS |
|
PROCESS OF CUSTOMS CLEARANCE IS LONG |
|
PROCESS OF GOVERNMENT REGISTRATION IS NOT EASY |
|
PRODUCTION, PACKAGING AND TRANSPORTATION, THE PROCESS TAKES LONG |
|
Premium payments always come late. |
|
REGULATORY RESTRICTIONS AND CONTROLS |
|
RESIDENTS- NON-VAT/UGANDA TAX REGISTERED ENTITIES AS THEY CANNOT CLAIM |
|
Road traffic especially in Jinja road which leads to delays in our service delivery. |
|
SLOW MOVEMENT OF CARGO BECAUSE OF POOR INFRASTRUCTURE |
|
SLOW NET WORK CREATES BUSINESS JAM AND HAS NEVER IMPROVED |
|
SMALL MARKET |
|
SOME CLIENTS DO NOT PAY PREMIUMS |
|
STIFF COMPETITION |
|
STILL COMPETITION IN BUSINESS |
|
Some times delays by revenue officers in verification process. |
|
TAX EDUCATION AND AWARENESS BY IMPORTERS IS VERY MINIMAL LEADING TO CONTRADICTING INFORMATION |
|
TAX EDUCATION AND AWARENESS BY IMPORTERS IS VERY MINIMAL LEADING TO CONTRADICTORY INFORMATION |
|
THE FLUCTUATING FOREIGN EXCHANGE MAKES FOREIGN DEALINGS UN PREDICTABLE. |
|
THE STATISTICS YOU NEED REQUIRES A LOT OF TIME TO PUT TOGETHER BECAUSE IT IS FOR TWO YEARS BACKWARDS AND AS YOU ARE AWARE OUR FILES ARE ALWAYS WITH ARA OR AUDITOR |
|
THERE ARE ALOT OF NON TARIFF BARRIERS WHICH INCREASE THE COST OF TRADE |
|
THERE IS UNSYNCHRONISED SYSTEM BETWEEN GOVERNMENT OFFICES IN REGARDS TO OBTAINING RELEVANT INFORMATION |
|
TNE NEW URA SYSTEM OF GIVING VALUES FROM ONE URA CENTRE NAKAWA IS TROUBLESOME YET THERE ARE MANY ENTRY POINTS |
|
TOO MUCH PENALITIES GIVEN BY URA IN EVERY MISTAKE MADE ON PROCESSING CENTRES |
|
TOO MUCH TAXES |
|
TURN AROUND TIME IS 20 DAYS BECAUSE OF CUSTOMS,UNRA AND UNBS AND OTHER GOVERNMENT AGENCIES. |
|
UN ETHICAL PRACTICES BY SOME PLAYERS IN THE INDUSTRY |
|
UNBS STILL A CHALLENGE AT THE AMOUNT OF TIME IT TAKES TO VERIFY THE GOODS (TESTING THE STANDARDS) |
|
UNDER VALUATION OF ACTUAL COSTS |
|
UNFAVOURABLE ECONOMIC ENVIRONMENT |
|
UNLICENSED DEALERS ON THE BLACK MARKET |
|
UNSTABLE MARKET CONDITIONS |
|
UNWILLINGNESS BY LOCAL FINA NCIAL INSTITUTIONS TO LEND THE CORPORATION, DESPITE DEMOSTRATION OF FINANCIAL SOUNDNESS. |
|
Un compromising UNRA Officials |
|
Unstable local currency against the US Dollar. |
|
Unstable transport costs due to inflation. |
|
VARIATION OF RATES IN THE MARKET |
|
Very high rent/cost of operation. |
|
WEIGH BRIDGES ARE SO STRICT AND THEREFORE WE UNDER LOAD CARGO ON BOX BODIES |
|
WITH HOLDING TAX PAYMENT ON IMPORTATION OF EQUIPMENT |
|
WITHHOLDING TAX CANNOT BE DEDUCTED FROM THE SALES PRICE IF YOU PAY ONLINE VIA CREDIT CARDS |
|
increasing and unstable commodity prices, corruption and preference of imported services as compared to domestic services. |
|
youth does not want to work at the prevailing market salary and lack of understanding statutory obligations |
|
Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.