Kampala, Uganda | THE INDEPENDENT | Leaders in the banking industry say that they have failed to identify people who qualify for the government’s COVID-19 relief fund meant for small and medium enterprises. It comes a few days after the Bank of Uganda revealed that only Shillings 6 billion out of …
Read More »Dfcu Bank to empower more 1,000 SMEs through ADC Business Accelerator Program
Kampala, Uganda | THE INDEPENDENT | Dfcu Bank’s Agribusiness Development Centre and Rabo Foundation have partnered with GOPA Worldwide consultants to implement two consecutive cohorts of the Business Accelerator Program (BAP). The initiative which is in line with the national program of Enhancing the Competitiveness of Small and Medium Enterprises (ECOS) …
Read More »SMEs should focus on adding value to agro products that have proved health benefits
Kampala, Uganda | THE INDEPENDENT | Small and Medium size businesses in agro processing have been advised to focus on products such as Hibiscus that have a competitive advantage because of their health benefits to an increasingly sedentary population. Speaking at the launch of Hibiscus Tea Bags processed by Rena Industries, …
Read More »CFAO Motors unveils vehicles for SMEs
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 …
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