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UDB offers simpler credit terms for women entrepreneurs

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank has developed a special financing program for women entrepreneurs, in response to concerns that most of the women cannot afford the terms and conditions generally set by the industry for capital. This is part of the bank’s measures aimed at rebuilding …

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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 …

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UWEAL seeks UGX 25Bn for an incubation centre

Kampala, Uganda | THE INDEPENDENT | The Uganda Women Entrepreneurs Association Limited-UWEAL has launched a fundraising drive of 25 billion shillings to construct an incubation facility to help boost women’s businesses in Uganda. Barbara Ofwono Buyondo, the chairperson UWEAL says that the facility will be constructed at Namanve Industrial Park on …

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Corruption, bureaucracy and politics failing emyooga

  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 …

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Jumia creates jobs for young entrepreneurs

Kampala, Uganda | Julius Businge | As coronavirus restrictions continue to bite the economy, e-commerce firm, Jumia, is creating job opportunities for the youth to make money and transform their lives on its platform. Since 2018, the company came up with Uganda’s JForce program. The program is Jumia’s pioneer sales consultants …

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Bridging education gaps can uplift African women entrepreneurs

Addis Ababa, Ethiopia | Xinhua | Educational attainment gaps have limited the success of women-owned businesses in Africa, according to a report newly published by the United Nations Economic Commission for Africa (UNECA). The “Women’s Entrepreneurship Report” studied data from tens of thousands of African entrepreneurs and firms to establish links …

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Spanish delivery firm Glovo out to conquer the world

Barcelona, Spain | AFP | With an ambitious 27-year-old boss and a growing army of computer engineers, Spanish start-up Glovo is chasing international growth by expanding beyond food deliveries, despite criticism of the working conditions of its drivers. Four years ago Oscar Pierre quit his first job at Airbus, Europe’s largest …

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Government promises support for Tony Elumelu entrepreneurs

Kampala, Uganda | Julius Businge | Beneficiaries of Tony Elumelu Foundation (TEF) have received good news from Uganda’s Prime Minister Ruhakana Rugunda. Rugunda who met the entrepreneurs recently at his office in Kampala led by United Bank for Africa management team discussed a possible partnership with the government of Uganda. The partnership …

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