Kampala, Uganda | THE INDEPENDENT | CFAO Uganda, an automotive company in Uganda has unveiled two vehicles – Toyota Belta and Toyota Rumion suited for small and medium enterprises looking to go about their daily activities. Unveiled on Nov.19 in Kampala, the new vehicles will be promoted through a …
Read More »UDB sets aside UGX 600Bn for SMEs in 2022
Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank plans to spend 612 billion Shillings on the promotion of Small and Medium Enterprises in the country, amidst new and evolving challenges facing the economy. This amount will be more than double the figure spent over the year 2021. The increase …
Read More »Integrating Tech in SMEs can boost their sustainability
COMMENT | NOELA BYUMA | Small and Medium Enterprises (SMEs) play a critical role in economic development by creating employment and tax-generating avenues for the population and governments. They form both forward and backward linkages for manufacturing and services. Across the global south, the Small and Medium Enterprises hold most of …
Read More »PAU, Stanbic Incubator to build capacity of SMEs in oil sector
Mentorship, access to finance and markets are on offer | THE INDEPENDENT | There are more opportunities that are being availed to small and medium enterprises as Uganda expects to have first oil in 2025. The Petroleum Authority of Uganda on Feb. 22 entered a partnership agreement with Stanbic Business …
Read More »SMEs complete business survival, recovery and continuity training
Kampala, Uganda | THE INDEPENDENT | A total of 60 decision-makers from 46 Small and Medium-sized Enterprises have graduated from the pandemic-response online Business Continuity and Survival Training that was organized by the Employment and Skills for Development in Africa Programme (E4D) in September 2020. The E4D programme is commissioned by …
Read More »SBIL: 700 SMEs awarded certificates in enterprise development
Kampala, Uganda | THE INDEPENDENT | Stanbic Business Incubator Limited (SBIL) has awarded 700 Small and Medium Enterprises (SMEs) with certificates in enterprise development, this, after three months of training in financial literacy, business planning, contracts and bid management. The participating SMEs were drawn from a wide range of …
Read More »CapitalSavvy, Monetix to support small businesses through technology
Kampala, Uganda | THE INDEPENDENT | There is an opportunity for small and medium enterprises to further access credit more efficiently, thanks to a newly established technological gateway to the European-based investors. This follows the launch of the partnership between CapitalSavvy, a Ugandan investment management and advisory firm and Monetix, a …
Read More »UDB launches unique solutions for women, youth and SMEs
Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank Ltd (UDBL), the country’s national Development Finance Institution, has today announced exclusive offers aimed at addressing the growth of the key sectors of youth, women and SMEs. In addition to credit offerings to these segments, UDB will introduce a Business Accelerator …
Read More »Green finance dialogue to focus on leveraging SMEs for Uganda’s green growth
Kampala, Uganda | THE INDEPENDENT | The Uganda Green Enterprise Finance Accelerator (UGEFA) will be hosting the second annual Green Finance Dialogue Forum at the Kampala Sheraton Hotel on Thursday. The forum will bring together 100 financiers, policy makers, enterprise support organizations and green businesses to explore pathways for expanding access …
Read More »How SMEs can tap into oil and gas as first oil nears
Local firms need to enhance their capital base and strengthen corporate governance to benefit from the nascent sector Kampala, Uganda | JULIUS BUSINGE | Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and …
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