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Tag Archives: Business

South Korea agency boosts entrepreneurship in Uganda

Kampala, Uganda | Julius Businge | Data from the Global Entrepreneurship Monitor (GEM) indicates that 28% of Ugandan adults own or co-own a new business. It adds that 10% start new business and 60% of those that are started do not live to celebrate their first birthday. Experts in this field say …

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KCB sends customers to Japan-Tokyo for a business trip

Kampala, Uganda | Julius Businge | In a bid to support growth of business for its customers, KCB Bank Uganda has organised a business trip for its business club customers who will travel to Tokyo, Japan from the March 2-12, 2019. The 10 day tour of the city of Tokyo will expose …

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Stable DRC good for trade in West Nile, say leaders

  Arua, Uganda | THE INDEPENDENT | A peaceful, stable and thriving eastern Democratic Republic of Congo (DRC) would generate lots of dividends for Uganda. According to business leaders from West Nile, the region and Uganda in general will benefit a lot if stability and peace reigns in the DRC, …

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African SMEs get US$30million boost

Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) has signed an agreement with the African Guarantee Fund (AGF) for a US$30 million re-guarantee facility to support African small and medium-sized enterprises (SMEs) in the trade value chain to access funds for their activities. Gwen Mwaba, the director for …

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Shilling loans grow by 18.5 percent

Kampala, Uganda | THE INDEPENDENT | Credit in shillings to the private sector has grown significantly from about four percent to 18.5 percent in 2018, according to the Bank of Uganda. The executive director research and policy Adam Mugume says people are borrowing more shilling-denominated loans than dollar-denominated ones because of …

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