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Tag Archives: SMEs

SMEs tipped to invest more in long term capital

  Long-term capital ensures long-life for the business Kampala, Uganda | THE INDEPENDENT | Financial experts have blamed the collapse of many companies over the last one year to the kind of capital that most of them use to run their activities. According to the Capital Markets Authority-CMA, the most common …

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Lenders advised on ‘workable’ women financing products

Kampala, Uganda | THE INDEPENDENT |  Small and medium women entrepreneurs have asked the government and financial institutions to streamline financing models to suit the nature of their businesses. This follows a study on the impact of financing sources for women and how COVID-19 affected their livelihoods. The study, by the …

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Corruption, bureaucracy and politics failing emyooga

  Beneficiaries claim Emyooga funds are hard to obtain due to bureaucracy, corruption and alleged unavailability of the money Kampala, Uganda | THE INDEPENDENT | Small scale entrepreneurs have decried the corruption involved in the process of accessing government rescue packages especially Emyooga. Emyooga is a presidential initiative on wealth and job …

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Rescue packages not working – SMES

Kampala, Uganda |  THE INDEPENDENT | The rescue package that was announced by governments around the world to help Small Scale Enterprises-SMEs to recover from the effects of the global COVID-19 pandemic is yet to have a tangible impact on the sector.  The pandemic compelled governments to shut down their economies …

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Tony Elumelu Foundation 2021 TEF Entrepreneurship Programme Application Opens

Kampala, Uganda | THE INDEPENDENT | Africa’s philanthropist, Tony Elumelu Foundation, has opened its applications for a new entrepreneurship training. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges arising …

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UN says private sector key to realize sustainability agenda in Africa

Nairobi, Kenya | Xinhua | African governments should leverage capital, technology and manpower from industry to hasten realization of sustainability agenda and pandemic recovery in the continent, a senior UN official said on Thursday. Amina J. Mohammed, UN Deputy secretary-general, said that targeted investments from Africa’s indigenous businesses are required to …

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