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Tag Archives: SMEs

Absa unveils mobile payement solution for SMEs

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has unveiled the Absa Mobi Tap functionality, which allows Micro, Small, and Medium-Sized Enterprises to use their smartphones as Point-of-Sale machines. The functionality was unveiled during a launch event held at the National Theatre and will enable small businesses to accept card-based …

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Absa Bank tips SMEs on financial literacy

Kampala, Uganda | THE INDEPENDENT | A total of 300 SMEs in Masaka, Mbarara, and Fort Portal have received training in entrepreneurship and financial literacy from Absa Bank Uganda, in partnership with Enterprise Uganda. The training programme saw the SMEs get taken through modules such as business leadership and corporate governance, …

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MTN MoMo Payment boosts SMEs

Kampala, Uganda | ISAAC KHISA | A little more than five years ago, Small and Medium Enterprises had limited options to receive payments from customers and businesses. They relied on cash and sometimes on cheques or bank transfers, methods that were deemed inconvenient. But this has since changed, thanks to the …

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Dfcu Bank to empower more 1,000 SMEs through ADC Business Accelerator Program

Kampala, Uganda | THE INDEPENDENT | Dfcu Bank’s Agribusiness Development Centre and Rabo Foundation have partnered with GOPA Worldwide consultants to implement two consecutive cohorts of the Business Accelerator Program (BAP). The initiative which is in line with the national program of Enhancing the Competitiveness of Small and Medium Enterprises (ECOS) …

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CFAO Motors unveils vehicles for SMEs

  Kampala, Uganda | THE INDEPENDENT | CFAO Uganda, an automotive company in Uganda has unveiled two vehicles – Toyota Belta and Toyota Rumion suited for small and medium enterprises looking to go about their daily activities. Unveiled on Nov.19 in Kampala, the new vehicles will be promoted through a …

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UDB sets aside UGX 600Bn for SMEs in 2022

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank plans to spend 612 billion Shillings on the promotion of Small and Medium Enterprises in the country, amidst new and evolving challenges facing the economy. This amount will be more than double the figure spent over the year 2021. The increase …

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