Value |
Category |
8UNSTABLE INTEREST RATES HAVE AN IMPACT ON THE BUSINESS |
|
ASYCUDA WAS A CHALLENGE BUT NOW ITS A BIT OKEY |
|
BUSINESS IS VERY SLOW |
|
CHANGING GOVERNMENT POLICIES |
|
CHANGING SYSTEM FOR ASSESSING TAX COLLECTION |
|
COMPETITION |
|
COMPETITION IN CLEARING AND FORWARDING |
|
COMPETITION IS STIFF |
|
CONSTANT FRACTUATIONS OF EXCHANGE RATES |
|
CUSTOMER ADOPTION TO TECHNOLOGY IS QUITE LOW |
|
CUSTOMISE THE INFORMATION TO THE SPECFIC REQUIREMENT BY UBOS |
|
Counter feit losses |
|
Customs procedures at the border slows down the fast movement and clearance of goods (exports). |
|
DEFAULTING OF ACCOUNTING FEES BY CLIENTS |
|
DELAYED PAYMENTS |
|
DELAYED REMITTANCES |
|
DELAYS AT IMMIGRATION AND CLEARANCE IN THE NEIGHBOURING COUNTRIES STILL A CHALLENGE |
|
DELAYS IN PAYMENT OF INVOICES |
|
DELAYS IN PROJECT IMPLEMENTATION |
|
Difficulty in selling the insurance services to the public due to their low disposable incomes. |
|
EVER CHANGING TECHNOLOGY THAT NEEDS UPGRADES THAT ARE COSTLY. THIS ENABLING REGUME THESE UPGRADES TO PROVIDE QUALITY SERVICES. |
|
EXCHANGE RATE DEPRECIATION OF SHILLINGS |
|
EXCHANGE RATE FLUCTUATIONS |
|
FAKE IDENTIFICATIONS |
|
FLACTUATING FUEL PRICES |
|
FLACTUATING INTEREST RATES HAVE SOME INFLUENCE AND IMPACT ON BUSINESS |
|
FLUACTUATIONS IN FOREIGN CURRENCY VS UGANDA SHILLINGS |
|
FLUCTUATING PRICES OF FOREIGN CURRENCY |
|
FOREIGN COMPANIES HAVE INCENTIVES TO OUTWRESTLE BUSINESS FROM LOCALS |
|
FOREIGN CURRENCY RATE FLUCTUATION |
|
FOREIGN EXCHANGE FLUCTUATION |
|
FOREIGN EXCHANGE FLUCTUATIONS ARISING FROM WEAK CURRENCY |
|
FOREIGN EXCHANGE RATE FLUCTUATION |
|
FOREIGN EXCHANGE RATE FRACTUATIONS |
|
FOREX EXCHANGE FLUCTUATIONS |
|
Failure of customs network. |
|
Flactuating interest rates |
|
Fluctuating transport rates. |
|
Government policy does not favour clearing agents in Uganda especially the exports. |
|
HIGH COMPETITION |
|
HIGH COMPETITION IN THE MARKET |
|
HIGH COST OF FUNDING |
|
HIGH COSTS OF DOING BUSINESS IN TERMS OF TAXES |
|
HIGH EXCHANG RATE,HIGH FINANCIAL EXPENSE IN TERMS OF INTEREST |
|
HIGH EXCHANGE RARES |
|
HIGH INTEREST RATES ON BORROWED FUNDS |
|
HIGH LEVEL OF CORRUPTION |
|
HIGH TAX RATES ON IMPORTS |
|
HIGH TAXATION |
|
HIGH TAXATION; VAT, STAMP DUTY, TRAINING LEVY MAKES INSURANCE EXPENSIVE ESPECIALLY FOR NON-RESIDENTS |
|
HIGH TAXES |
|
HIGH TAXES CHARGED ON THESE SERVICES |
|
HIGH TAXES ON COMMISION EARNED FROM THE SERVICES. |
|
HIGH TAXES ON IMPORTATION OF TELE COM EQUIPMENT |
|
HIGH TAXES ON IMPORTS |
|
HIGH VAT WHICH IS LODGE ON THE PREMIUM |
|
High inflation and exchange rates. |
|
High taxes. |
|
INCLUSION OF VAT IN GOVERNMENT PREMIUM. THIS MAKES INSURANCE EXPENSIVE |
|
INCREASE OF COSTS TO ABC DUE TO TAXES |
|
INCREASE OF FOREX RATES HAVE IMPACTED ON THE OPERATIONS OF THE BANK |
|
INCREASING COMPETITION FROM FINANCIAL TECHNOLOGY COMPANIES |
|
INCREASING COMPETITION FROM NEW AND EXISTING PLAYERS |
|
INFLATION |
|
INTERNAL CONNECTIVITY FAILURE BY SERVICE PROVIDERS |
|
INTERNET CONNECTIVITY FAILURES BY THE SERVICE PROVIDERS |
|
Inadequate knowledge and skills in life insurance sales and management. |
|
Inconsistent variations in the exchange rate. |
|
Increasing business volumes. |
|
Increasing competition. |
|
Insurance has limitation of geographical jurisdiction and therefore export of services is mainly by fronting. |
|
Introduction of VAT and high stamp duty on insurance services. |
|
KCCA HARRASMENT OVER TRADING LICENCE YET BOU ALREADY ISSUES FOREX BUREAU TRADING LICENCES |
|
LACK OF AWARENESS ABOUT INSURANCE |
|
LACK OF FINANCIAL CAPACITY TO UNDERTAKE BIG PROJECTS |
|
LACK OF INCENTIVES |
|
LACK OF LOW COST FINANCE |
|
LACK OF WORKING CAPITAL,THE INDUSTRY IS CAPITAL INTENSIVE AND YET THE CORPORATION HAS NOT RECIEVED FUNDING FROM THE GOVERNMENT IN THE LAS 20 YEARS |
|
LAPSES IN REGULATION CONTROL WHEREBY THE INDUSTRY IS CROWDED BY SACCOS, MDIS THAT ARE NOT REGULATED |
|
LAPSES IN REGULATIONS |
|
LESS FINANCIAL SKILLS AND KNOWLEDGE AMONG THE CLIENTS |
|
LONG AND PROLONGED PROCUREMENT PERIOD E.G PAY,ENT PROCESS AND VERIFICATION |
|
LOW CREDIT APPETITE |
|
LOW INSURANCE UPTAKES ESPECIALLY FOR AFEW MOTOR CLASSES |
|
LOW LEVELS OF INSURANCE PENETRATIONS |
|
LOW PENETRATION LEVELS OF INSURANCE IN THE ECONOMY |
|
LOW REQUESTS FOR PROPORSALS |
|
LOW TAKE UP RATE DUE TO LOW AWRENANCE BY THE PUBLIC |
|
Lack of skilled manpower. |
|
Loading Kenyan trucks in Uganda normally disappear with the cargo whenever they reach Kenya. |
|
Local currency depreciation against the US Dollar has great effects to the business. |
|
MOVING TARGET PROBLEMS, THE CLIENT MIGHT CHANGE THEIR MIND AFTER A PRODUCT/SERVICE HAS BEEN DELIVERED |
|
NEWLY RECRUITED PROGRAMMERS DO NOT HAVE ANY KNOWLEDGE ABOUT ACCOUNTING |
|
NO SYSTEMATIC STANDARDS IN PLACE |
|
NON TARIFF BARRIER CAUSING DELAYS ON MOVEMENT OF CARGO |
|
NONE |
|
NOT APPLICABLE |
|
OVER TAXATION BY URA, THAT LEAD TO RELOCATION OF IMPORTERS |
|
OVERTAXATION BY GOVERNMENT THAT LEADS TO BRIBES |
|
PIRACY OF SERVICES OFFERED AND ENFORCEMENT MEASURES NOT PROHIBITIVE |
|
PIRACY OF SERVICES OFFERED AND ENFORCEMENT MEASURES NOT PROHIBITIVE. |
|
POOR INFRASTRUCTURES |
|
PRICE UNDERCUTTING BY SOME INDUSTRY PLAYERS LEADING TO UNFAIR COMPETITION |
|
PRICE UNDERCUTTING LEADING TO UNFAIR COMPETITION IN THE MARKET |
|
Perishables which may require specific days to the destination, some times delays due to poor road networks. |
|
Public ignorance regarding the products offered by the insurance industry. |
|
RE BRANDING DUE TO LOSS OF CUSTOMERS |
|
REDUCED INCOME DUE TO HIGH COMPETITION |
|
REGULATORY DECISIONS THAT DO NOT FAVOR SOME CLIENTS |
|
REGULATORY PRESSURE WITH LARGE PART OF BUDGET SPENT ON BEING CMPLIANT |
|
SECURITY PROBLEM FOR TRANSIT MONEY |
|
SETTLEMENT IN FOREX BY MONEYGRAM IN MOST CASES CAUSING LOSSES |
|
SHORTAGE OF SKILLED STAFF |
|
STIFF COMPETITION |
|
STIFF COMPETITION FROM MOBILE MONEY TRANSFERS |
|
SYSTEM CHANGES(CUSTOMS PROCEDURES)AND INTERFACEAMONG COUNTRIES. |
|
SYSTEM INTERFACE AMONG THE COUNTRIES |
|
Slow speeds of data links |
|
TARIFF BARRIERS |
|
TAXATION |
|
TAXES ARE HIGH |
|
TAXES HAVE STILL REMAINED HIGH |
|
TAXES IN UGANDA ARE TOO HIGH COMPARED TO OTHER COUNTRIES |
|
THE BIGGEST CHALLENGE IS CORESPONDENTS ALAWAYS DELAYS ESPECIALLY IN USA. |
|
THE BOOKLET IS LENGTHY WE SUGGEST THAT YOU USE OUR EMAILS SINCE YOU HAVE THEM BECAUSE IT IS EASIER |
|
THE BUREAUCRATIC NATURE OF DIFFERENT ORGANISATIONS AND MINISTRIES |
|
THERE IS THE ASYCUDA CHALLENGE |
|
THERE WASN'T MUCH BUSINESS IN 2016 BECAUSE OUR OPERATIONS WERE SUSPENDED BY URA |
|
TOO MANY PROCESSES |
|
TOO MUCH GOES ON TAXES |
|
TOO MUCH INFORMATION NEEDED DURING PROCUREMENT |
|
The URA network is always on and off which delays the process. |
|
UGANDA BEING LAND LOCKED COUNTRY, FACES ALOT OF PROBLEMS IN ORDER TO GET ACCESS AO THE SEA |
|
UNSTABLE FOREIGN EXCHANGE RATES |
|
URA ASCUDA SYSTEM IS STILL A CHALLENGE WITH INTERMITTENT NETWORK AND MIGRATION INTO SINGLE CUSTOMS UNION |
|
URA CHARGES IN THE TAX REGIMES WITHOUT DUE CONSULTATION LEADING TO CUSTOMERS HAVING CASH FLOW PROBLEMS |
|
URA INTERNET CONNECTIONS ARE ON AND OFF |
|
URA ISSUES CHARGES IN THE TAX REGIMES WITHOUT DUE CONSULTATION LEADING TO CASH FLOW PROBLEMS TO IMPORTERS |
|
URA PENALTIES AND HIGH TAXES LEAD MANY OF OUR CLIENTS TO RELOCATE |
|
URA Taxes are unfavourable because it is high and levied without prior notification |
|
URA network system is always a problem. |
|
URA released documents sometimes take long because their system is slow especially at the border points. |
|
URA'S ASCUDA NETWORK IS STILL SLOW AND CONGESTS BUSINESS |
|
URA'S INTERNET CONNECTION ON AND OFF |
|
URA'S INTERNET SYSTEMS NOT VERY EFFICIENT MOST TIMES (OFF AND ON) |
|
Unstable trends of the rates. |
|
VERY COMPETITIVE AND LOW PENETRATION MARKET |
|
VOLATILE ENVIRONMENT(FOREX FLUCTUATIONS & EMERGENCY IN CUSTOMERS DEMANDS) |
|
Volatile exchange rates contributing to losses |
|
WE DONT GET MUCH WORK FROM GOVERNMENT AND THEIR PAYMENT IS ALWAYS DELAYED |
|
WE LAG BEHIND DUE TO POOR SALES IN THE CONSTRUCTION SECTOR |
|
WEATHER CHANGES |
|
WITH HOLDING TAX CHARGED ON IMPORTS |
|
WORKING CAPITAL |
|
fluctuation in exchange rates |
|
high interests rates and shilling depreciation. this increases the costs of funds in the market and also impacts on ability to lend/borrow. |
|
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.