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Botswana to stabilize trade imbalances with South Africa

Gaborone, Botswana | Xinhua | President Mokgweetsi Masisi of Botswana on Thursday said the southern African country continues to work tirelessly to improve exports to South Africa. Addressing the Botswana-South Africa Business Forum Roundtable held on the occasion of the 28th anniversary celebrations of the establishment of diplomatic relations between …

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Western Uganda youth advised on running profitable enterprises

Bushenyi, Uganda | THE INDEPENDENT | Timothy Musasizi Karubanga, an entrepreneur and Chief Executive of Tim Tech Consults, has called on youth in Greater Bushenyi district to embrace community service as a humble beginning to attaining success in business. Musasizi, an angel investor fellow also offered to finance at least five business …

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Uganda Development Bank prepares businesses for access to finance

  Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the country’s development finance institution’s Business Accelerator For Successful Entrepreneurship Program, conducted with …

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Banks to unveil Shs1tn export credit facility

It will boost manufacturing and bridge the funding gap to the sector that holds great potential for Uganda’s growth Kampala, Uganda | THE INDEPENDENT | Uganda’s commercial banks are planning to provide Shs1trillion in export credit facility to help local manufacturers boost their access to the regional markets. Sarah Arapta, …

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Shilling depreciation not easing soon: Experts

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling continues to depreciate against the US dollar as both local and external factors exert pressure on the local and other emerging currency markets. For more than a week, the shilling has just stayed short of touching the 3,900 level against the dollar, amidst …

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Housing Finance Bank targets Ugandans in diaspora

  Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has outlined several initiatives aimed at encouraging foreign direct investment from Ugandans living abroad, while still improving the livelihoods of the people at home. Peace K. Ayebazibwe, the Executive Director of Housing Finance Bank shared the bank’s vision on Thursday at …

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