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Tag Archives: SMEs

High business collapse trailing Uganda’s economy

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 …

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How to boost cross-border financing solutions in Africa

Kampala, Uganda | Isaac Khisa | How can African countries boost cross-border financing solutions on the continent? This was the main issue discussed during the Pan-African e-conference hosted by the United Capital PLC, a Nigerian-based financial and investment Services Company, on Friday. Peter Ashade, the Group CEO at United Capital Plc. …

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Agriculturist calls for development arm to support young businesses

Kampala, Uganda | THE INDEPENDENT | Former Agriculture Minister Dr Victoria Ssekitoleko has called for a development arm in key government agencies responsible for skilling SMEs. Speaking during a post-budget e-conference held on Tuesday, Ssekitoleko said Uganda Registration Services Bureau (URSB), Uganda National Bureau of Standards (UNBS) and Uganda Revenue …

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Empowering SMEs key to increasing development

OPINION | Thomas Yieke |  Prosperity should always be at the heart of any initiative geared towards driving economic growth and development. According to Uganda Investment Authority (UIA), SMEs are the engine of growth for economic development, innovation, and wealth creation in Uganda. The SMEs are spread across all sectors …

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Coronavirus fight: SME body urges government to maintain strict measures

Kampala, Uganda | Julius Businge | The Federation of SMEs Uganda has urged the government to continue undertaking emergency measures to slow down the spread of the virus. The measures in question include; limiting people’s movements, conducting mass testing and rigorous tracing. In particular, through John Walugembe, the body said in …

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Stanbic Bank reveals first fruits of business incubators

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has revealed the first fruits of its Business Incubator Programme, two years after its establishment to mentor Small and Medium Enterprises in the country. The three months long Business Development Programme places selected Small and Medium Enterprises under intensive training in …

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Petroleum Authority tips 200 SMEs on oil and gas jobs

Kampala, Uganda | THE INDEPENDENT  | The Petroleum Authority of Uganda has tipped 200 small and medium enterprises (SMEs) to tap the numerous business opportunities available in the oil and gas sector at the midstream stage. The enterprises specializing in construction, engineering and ICT were told to position themselves to …

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