Tag Archives: SMEs

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 …

Many have attempted to apply for the funds but failed to get it Kampala, Uganda | JULIUS BUSINGE | Lilian Alinda is the proprietor for a two-year old company, Moment Fashions & Films Limited located in Kayunga along Gayaza Road. When government announced a total national lockdown in March last …

  Beneficiaries claim Emyooga funds are hard to obtain due to bureaucracy, corruption and alleged unavailability of the money Kampala, Uganda | THE INDEPENDENT | Small scale entrepreneurs have decried the corruption involved in the process of accessing government rescue packages especially Emyooga. Emyooga is a presidential initiative on wealth and job …

Kampala, Uganda | THE INDEPENDENT | Private sector leaders and financiers are calling for a review of the government stimulus package announced mid last year saying the measures were not well informed and are not bearing the expected fruit. The government announced more than 1 trillion Shillings in stimulus cash in …

Kampala, Uganda |  THE INDEPENDENT | The rescue package that was announced by governments around the world to help Small Scale Enterprises-SMEs to recover from the effects of the global COVID-19 pandemic is yet to have a tangible impact on the sector.  The pandemic compelled governments to shut down their economies …

Kampala, Uganda | THE INDEPENDENT | Africa’s philanthropist, Tony Elumelu Foundation, has opened its applications for a new entrepreneurship training. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges arising …

Nairobi, Kenya | Xinhua | African governments should leverage capital, technology and manpower from industry to hasten realization of sustainability agenda and pandemic recovery in the continent, a senior UN official said on Thursday. Amina J. Mohammed, UN Deputy secretary-general, said that targeted investments from Africa’s indigenous businesses are required to …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has partnered with the United Nations and other funding agencies to create an enterprise fund that will provide low-cost financing for informal sector businesses to enable them recover from the impact of the COVID-19 pandemic. Dubbed the Economic Enterprise Restart fund (EERF), it will aim to …

Kampala, Uganda | Julius Businge | Absa Bank Uganda and International Finance Corporation, a member of the World Bank Group, have partnered to train over 300 Ugandan small and medium-sized enterprises to help them assess business risks, adapt their business models, and navigate the difficult operating environment caused by COVID-19 pandemic. …

Kampala, Uganda | THE INDEPENDENT | Knowledge gaps and the high costs of doing business remain a major hindrance to Uganda’s economic growth as most business enterprises started in the country do not survive beyond their first birthday. Ronnie Mulongo, manager Private Sector Foundation Uganda (PSFU) says that some entrepreneurs lack …