In 2018 Financial Sector Deepening (FSD) Uganda contracted FCL to assess the existing skills gaps within the middle and high level management in Uganda’s Banking sector. The growth of many Financial Service Providers had been affected by lack of appropriate skills within the sector. In conducting the assignment FCL took on the following activities:
- Determined the demand for and distribution of requisite skills among the banks at the two management levels
- Explored the benefits and risks related to staff movement at the two levels
- Examined relevant international best practices on how financial sector skills had been developed across the industry (in developed and or transitional countries) and their applicability to Uganda.
- Identified means by which staff capacity could be improved on a sustainable basis, thereby avoiding the “poaching” mentality within the banks.
FCL assessed the existing gaps the management levels in the banking sector and made suitable recommendations that would raise the level of skills among middle and high-level management in Uganda’s Banking sector hence fostering the growth of Financial Service Providers in Uganda.