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 …
Read More »SME body wants government to establish compensation fund for businesses that get hit by catastrophes
Kampala, Uganda | THE INDEPENDENT | The Federation of Small and Medium Sized Enterprises – Uganda has asked the government to establish what it calls a ‘compensation fund’ to support businesses that get hit. Speaking to journalists on Nov.21 at the federation’s offices in Ntinda, Kampala, John Walugembe, the executive director, …
Read More »UDB to finance 2 million women entrepreneurs with micro loans
UDB has signed a memorandum of understanding with the Uganda Women Entrepreneurs Association Ltd under which beneficiaries will get between 50 and 100 million shillings in loans Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has offered to help 2 million women in business access financing at more affordable cost …
Read More »IFC to promote mobile digital loans in East Africa to support SMEs
IFC is working with stakeholders across the East Africa region to extend credit information system to cover the digital mobile lenders Nairobi, Kenya | Xinhua | The International Finance Corporation (IFC) said on Thursday it plans to promote the uptake of mobile digital loans in East Africa in order to boost …
Read More »Uganda lifts ban on travelers from India
Kampala, Uganda | THE INDEPENDENT | The Ministry of Health (MOH) has lifted the travel ban on travelers from India. Health Minister Dr Jane Ruth Aceng told a news conference on Friday that the country has now been placed under category 2, down from category 1 countries, implying that travellers …
Read More »UDB projects to lift 200,000 out of poverty by next year
Kampala, Uganda | THE INDEPENDENT | The second wave of the COVID-19 pandemic in Uganda has led to record infections and an increasing number of deaths compared to the previous one, which calls for adjustments in the approach to containing it. The government’s response with new restrictions on movement and gatherings …
Read More »SMEs should open up to financial service providers to beat COVID-19
Samuel Ocanya is the head of financial inclusion at Letshego Uganda, a microfinance company that offers SME, mortgage and education loans among other lending products. He spoke to Julius Businge on how small and medium enterprises can overcome the COVID-19 crisis. Most businesses have reported a drop in revenue and …
Read More »SMEs tipped to invest more in long term capital
Long-term capital ensures long-life for the business Kampala, Uganda | THE INDEPENDENT | Financial experts have blamed the collapse of many companies over the last one year to the kind of capital that most of them use to run their activities. According to the Capital Markets Authority-CMA, the most common …
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