Keith Jefferis

Keith is Managing Director of Econsult Botswana, a consultancy firm working on a wide range of economic and related issues in Botswana and elsewhere in sub-Saharan Africa. 

Content by Keith Jefferis
  • Publication - Project Report

    Exploring the determinants of interest rate spreads in the Uganda banking system

    Interest spreads in Uganda have been persistently high over the last two decades. This paper aims to complement the literature by investigating the determinants of interest rate spreads in Uganda, following the period after the adoption of Inflation Targeting, using three different approaches: First, a cross country comparison with regional peers; Second, a...

    10 Jul 2020 | Keith Jefferis, Elizabeth Kasekende, Doreen Rubatsimbira , Nicole Ntungire

  • Publication - Policy Brief

    The determinants of interest rate spreads in the Uganda banking system: Results from a new analysis of banking system data

    There have long been concerns about high-interest rates charged by banks in Uganda and wide spreads between deposit and lending rates. This makes it difficult for firms to borrow for the productive investment that is required to achieve high rates of economic growth. This study investigates the determinants of interest rate spreads in the Uganda banking system, using...

    13 Mar 2020 | Keith Jefferis, Elizabeth Kasekende, Nicole Ntungire, Doreen Rubatsimbira

  • Project

    Exploring interest rate spreads and bank profitability in Uganda

    Following Uganda’s financial reforms and liberalisation in the early 1990s, the banking system was characterised by high-interest rates, wide intermediation spreads, and substantial bank profitability. Over the last seven years (since mid-2011), the average lending rate in Uganda has exceeded 20%, while implicit deposit rates have averaged 13% over the same period....

    2 Dec 2019 | Keith Jefferis

  • Project

    Exchange rate options for South Sudan

    The exchange rate has become an increasingly important economic issue in South Sudan in recent years, but particularly so during the current year. For many people, the South Sudanese Pound (SSP) has been increasingly weak and volatile, manifested in a sharply depreciating parallel exchange rate. This has been accompanied by an increasingly severe shortage of dollars,...

    11 Jan 2016 | Keith Jefferis

  • Blog post

    Moving from a fixed to a floating exchange rate: The case of the South Sudanese Pound

    The Government’s decision to peg its new currency, the South Sudan Pound (SSP) to the US dollar, was largely intended to protect against oil price volatility. Amidst falling oil prices and the outbreak of civil war, the Government rapidly depleted its USD reserves and spurred the emergence of a currency black market. This blog argues that the decision taken to float the...

    17 Dec 2015 | Keith Jefferis, Astrid Haas

  • Publication - Policy note

    Exchange rate reform in South Sudan

    The exchange rate has become an increasingly important economic issue in South Sudan in recent years, but particularly so during the current year. For many people, the South Sudanese Pound (SSP) has been increasingly weak and volatile, manifested in a sharply depreciating parallel exchange rate. This has been accompanied by an increasingly severe shortage of...

    15 Dec 2015 | Keith Jefferis

  • Publication - Policy Brief

    Macroeconomic Management in a Mineral-Rich Economy (Policy Brief)

    1 Sep 2014 | Keith Jefferis

  • Multimedia Item - Video

    Video: Africa Growth Forum 2013 - Dr Keith Jefferis

    12 Mar 2014