Kampala, Uganda | THE INDEPENDENT | Uganda Registration Services Bureau (URSB) is embarking on an ambitious mission to register more than 800,000 businesses in just three years across the country. URSB unveiled the mass business registration initiative to support the formalization of over 800,000 micro, small, and medium enterprises across …
Read More »URSB targets 870, 500 businesses
Kampala, Uganda | THE INDEPENDENT | Uganda Registration Services Bureau, the national business registry, has this morning launched its mass business registration campaign aimed at promoting formalization among entrepreneurs and small business owners. In a news release shared today, the bureau said this initiative seeks to simplify the registration process, raise …
Read More »South African businesses to support Uganda government attract FDI
The Bank of Uganda data shows that the value of the country’s exports to South Africa continues to grow albeit at a slow pace Kampala, Uganda | JULIUS BUSINGE | South African businesses in Uganda and key local institutions including MTN Uganda, Absa Bank Uganda, Sanlam, Nile Breweries Limited, Stanbic Uganda …
Read More »Why businesses that address social or environmental problems often struggle to survive
Research shows that for social enterprises to enhance their performance, network capability and strategic planning are key Kampala, Uganda | AGENCIES | Social enterprises are organisations that promote social or environmental issues as their core business. They are useful to societies in lots of ways. They can help solve social and …
Read More »Lenders advised on ‘workable’ women financing products
Kampala, Uganda | THE INDEPENDENT | Small and medium women entrepreneurs have asked the government and financial institutions to streamline financing models to suit the nature of their businesses. This follows a study on the impact of financing sources for women and how COVID-19 affected their livelihoods. The study, by the …
Read More »African businesses shifting towards new technologies in response to COVID-19 pandemic: UN report
Addis Ababa, Ethiopia | XINHUA | African businesses are shifting towards new technologies in response to the ongoing COVID-19 pandemic, according to a new report published by the United Nations Economic Commission for Africa (UNECA). The report, which was jointly published by the UNECA and the International Economics Consulting Ltd., …
Read More »Don’t use money-generating assets as collateral for bank loans – Expert
Kampala, Uganda | THE INDEPENDENT Businesses should desist from putting their main income generating assets as collateral to get loans from banks, an expert has said. Sarah Mbinji, an International Finance Corporation trainer, said on Wednesday that using your cash-cow asset as security to get a loan would be akin to …
Read More »UN chief highlights need for decent jobs to fuel COVID-19 recovery
Kampala, Uganda | XINHUA | United Nations Secretary-General Antonio Guterres on Wednesday highlighted the need for decent jobs to fuel the COVID-19 recovery. In a video message, the UN chief told heads of state and government and others attending a virtual meeting that they are essential to global efforts to “build …
Read More »Minister warns against reopening businesses still under lockdown
Kampala, Uganda | THE INDEPENDENT | The Minister for Security, Gen. Elly Tumwine has warned business owners against re-opening their shops that have never been cleared by government to re-open. He said as security, they can’t do anything to enforce the coronavirus (COVID-19) regulations if they don’t get cooperation from …
Read More »Team Europe to provide UGX 518Bn to support businesses battered by coronavirus
Kampala, Uganda | THE INDEPENDENT | Countries and organizations in Europe under their umbrella Team Europe have announced plans to provide 125 Million Euros (about Shillings 518 billion) in loans to support small and medium Ugandan enterprises to recover from coronavirus impact. In a statement issued on Monday, Team …
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