Financial Responsibility and Risk Management: Experts Advise Public and Business Community
During a recent financial awareness event, key experts emphasized responsible financial practices to promote security and stability. Wasswa Hannington encouraged the public to thoroughly understand the financial institutions they engage with and recommended the responsible use of digital financial services, including handling currency notes with care to maintain cleanliness and neatness.
Bonny Okello, from the Insurance Regulatory Authority, highlighted the expanded role of banks authorized to sell insurance services, urging farmers to take advantage of agriculture insurance to mitigate climate-related risks.
Additionally, to promote financial hygiene, Bank of Uganda staff exchanged torn or damaged currency notes for new ones at the event’s close. This initiative underlines the importance of responsible money handling and risk prevention in Uganda’s evolving financial landscape.
