Tag Archives: SMEs

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 …

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 …

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 …

  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 …

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 …