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Tag Archives: SMEs

Smaller companies urged to use affordable accountants

Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) has advised smaller companies that cannot afford to hire expensive audit firms to prepare their accounts to make use of the cheaper auditors that the institute has certified. Stephen Ineget, the chairman of the Financial Reporting …

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More people left banking halls for digital platforms – Stanbic

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has said more of its customers are leaving the banking halls, choosing to do most of their transactions either online or through banking agents. Stanbic Bank Chief Executive Patrick Mweheire says that more than 80 per cent of their transactions, during the …

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Afreximbank encourages factoring to ease access to financing for SMEs

Kampala, Uganda | Isaac Khisa  | African multilateral lender, African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Factoring is a financial transaction …

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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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SME’s need partners, not just banks

Kampala, Uganda | ISAAC KHISA | Micro, Small and Medium Enterprises are the engines of many economies including Uganda and therefore need bank’s help to thrive and grow, according to Prof. Chris Ogbechie, a strategic management don at Lagos Business School and former Chairman of the Nigerian-based Diamond Bank Plc. Prof …

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Bank of Africa tips SMEs

Kampala, Uganda | THE INDEPENDENT | Bank of Africa’s Managing Director, Arthur Isiko, has tipped Small and Medium Enterprises (SMEs) on access to finance as a key aspect for business growth. Isiko was speaking at a business forum hosted by the Bank at Tick Hotel in Kawempe, a Kampala suburb on …

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