Absa has reacted swiftly to the COVID-19 pandemic by designing, offering and implementing smart solutions and offering significant financial respite during these times. COMMENT | Vimal Kumar | When a crisis of the magnitude of Covid-19 strikes, it is our role as a responsible lender to put forward various immediate and …
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Kampala, Uganda | THE INDEPENDENT | Former Agriculture Minister Dr Victoria Ssekitoleko has called for a development arm in key government agencies responsible for skilling SMEs. Speaking during a post-budget e-conference held on Tuesday, Ssekitoleko said Uganda Registration Services Bureau (URSB), Uganda National Bureau of Standards (UNBS) and Uganda Revenue …
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OPINION | Thomas Yieke | Prosperity should always be at the heart of any initiative geared towards driving economic growth and development. According to Uganda Investment Authority (UIA), SMEs are the engine of growth for economic development, innovation, and wealth creation in Uganda. The SMEs are spread across all sectors …
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Kampala, Uganda | Julius Businge | The Federation of SMEs Uganda has urged the government to continue undertaking emergency measures to slow down the spread of the virus. The measures in question include; limiting people’s movements, conducting mass testing and rigorous tracing. In particular, through John Walugembe, the body said in …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has revealed the first fruits of its Business Incubator Programme, two years after its establishment to mentor Small and Medium Enterprises in the country. The three months long Business Development Programme places selected Small and Medium Enterprises under intensive training in …
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Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda has tipped 200 small and medium enterprises (SMEs) to tap the numerous business opportunities available in the oil and gas sector at the midstream stage. The enterprises specializing in construction, engineering and ICT were told to position themselves to …
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Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) has advised smaller companies that cannot afford to hire expensive audit firms to prepare their accounts to make use of the cheaper auditors that the institute has certified. Stephen Ineget, the chairman of the Financial Reporting …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has said more of its customers are leaving the banking halls, choosing to do most of their transactions either online or through banking agents. Stanbic Bank Chief Executive Patrick Mweheire says that more than 80 per cent of their transactions, during the …
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Govt plans to boost economy by earmarking Shs 600 Billion in the next financial year specifically to capitalize banks and financial institutions COMMENT | Caroline Kainomugisha | When the financial market is characterized by low financial inclusion, high-interest rates and therefore low investments and growth in the economy, one of the …
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Kampala, Uganda | Isaac Khisa | African multilateral lender, African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Factoring is a financial transaction …
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