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Tag Archives: SMEs

EU to spend Shs 420bn on environmental friendly businesses

Kampala, Uganda | JULIUS BUSINGE |  The European Union plans to invest over Shs 420 billion in small and medium enterprises that are environmentally friendly in the coming few years, according to Cedric Merel, the head of corporation at the European Union office in Uganda. Merel was speaking on Sept. 05 at Sheraton Hotel …

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High loan processing fees hurting SME’s

Kampala,Uganda | THE INDEPENDENT | Small and Medium Enterprises in Uganda are restraining from accessing credit facilities due to high processing fees. This was revealed during a recent workshop organized by Enterprise Uganda in Kampala. “When you ask for a loan, they choose their own surveyors whom they pay by deducting …

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Online shopping boom

Listed enterprises record 50% increase in sales Nabukeera Plaza is a large building in downtown Kampala which is home to an extensive array of cubicle-sized shop where an army of traders peddle clothing, home appliances, personal care products, food and drinks and more. That description fits any of the numerous …

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Islamic banking presents new opportunities

Tropical Bank takes lead with more than 8000 customers interested in taking up Islamic banking services The Secretary General of the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI), Nuri Birtek says Uganda’s commercial banks and investors need to support small and medium …

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Incubators to the rescue

Currently, Africa has about six agribusiness incubators, two of which are in Uganda At just 27, Sam Turyatunga is the proprietor of Tursam Investments Ltd, the producers of Uhuru branded juices. In 2015, he was producing 15,000 litres of juice and had a turnover of $5,000 (Shs 17 million) per …

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UGANDA: 80% of economy informal, does not pay taxes

Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by the Uganda Revenue Authority (URA), was expected to pit the business …

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Expert advises SMEs

By Julius Businge Charles Ocici, the executive director for Enterprise Uganda has advised the young entrepreneurs to always postpone some projects in their businesses whenever economic factors like inflation and the exchange rate become unfavorable. Ocici was speaking to The Independent in an exclusive interview in Kampala on Dec. 14. …

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