Kampala, Uganda | THE INDEPENDENT | SafeBoda has today (March 26) launched a new business-focused transport solution aimed at helping companies streamline employee mobility, deliveries and expense management, as the Ugandan-founded ride-hailing firm expands deeper into enterprise services. The company said in a media release the newly introduced B2B platform …
Read More »FMO lends $20 million to I&M Bank for SMEs
Kampala, Uganda | THE INDEPENDENT | FMO, the Netherlands’ development bank, has extended a $20million senior unsecured facility to I&M Bank Uganda Limited to expand lending to small and medium-sized enterprises (SMEs), a segment widely seen as vital to Uganda’s economic growth but often constrained by limited access to finance. …
Read More »Equity Bank strengthens green finance with UGEFA accelerator training
Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has strengthened its internal capacity to attract new clients and mobilize green finance opportunities following an intensive training under the Uganda Green Enterprise Finance Accelerator (UGEFA). The three-day Green Loan Product Development Training, facilitated by UGEFA’s Green Finance Experts, brought together …
Read More »EACOP and IEC to strengthen national content and capacity of SMEs
Kampala, Uganda | THE INDEPENDENT | The East African Crude Oil Pipeline (EACOP) Ltd. has signed a Memorandum of Understanding (MoU) with the Industry Enhancement Centre (IEC) to reinforce their shared commitment to advancing National Content initiatives and enhancing the capacity of Ugandan Small and Medium-sized Enterprises (SMEs). The IEC …
Read More »Glovo Academy debut empowers Ugandan SMEs
Kampala, Uganda | THE INDEPENDENT | Glovo, one of the leading technology platforms operating in Europe, Central Asia, and Africa, has successfully held the first-ever Glovo Academy edition in Kampala, Uganda. Designed to empower local small and medium businesses, the program equips partners with essential operational, digital, and financial skills …
Read More »UDB graduates new cohort of SMEs under enterprise development program
Mbale, Uganda | THE INDEPENDENT | Uganda Development Bank Ltd (UDB), through its Enterprise Development Program (EDP), has graduated a new cohort of Small and Medium Enterprises (SMEs) in Mbale, equipping participants with critical business skills and investor-readiness knowledge to drive sustainable growth. Delivered in partnership with Makerere University Business …
Read More »French Embassy partners with Stanbic Business Incubator to train start-ups for green economy
Kampala, Uganda | THE INDEPENDENT | The Stanbic Business Incubator Limited (SBIL) has signed a new grant agreement with the Embassy of France in Uganda to finance the Green Tech Incubator and Accelerator for Entrepreneurship Program. The program, which targets the youth and women in the Kampala Metropolitan Area and the …
Read More »The Future of Ugandan SMEs: A banker’s perspective on bridging the financing gap
COMMENT | MOSES RUTAHIGWA | Small and Medium Enterprises (SMEs) are a vital part of Uganda’s economy, comprising 90% of the private sector, employing over 2.5 million people, and contributing 20% of the country’s GDP. They embody the grit and ingenuity that define Uganda’s entrepreneurial spirit. Yet, for long …
Read More »I&M Bank campaign puts SMEs in the fast lane with pickup truck financing
Kampala, Uganda | THE INDEPENDENT | I&M Bank’s Tukikube ne I&M Bank campaign is gaining traction among small and medium- sized enterprises (SMEs), less than two months after its launch, with entrepreneurs already tapping into the bank’s flexible asset financing solutions. On Tuesday, the bank handed over a brand-new Mitsubishi pickup truck …
Read More »The 2025 Equity Bank ‘Tupange Business ne Equity’ SMEs series launched in Kampala
Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has highlighted the importance of its mission to bring financial solutions and business support closer to Small and Medium Enterprises (SMEs) across the country by officially launching the 2025 Tupange Business ne Equity Nationwide Forum. The Tupange Business Ne Equity customer engagements, …
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