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The Innovation Village in partnership with Mastercard Foundation’s Young Africa Works program, has announced a nationwide program to strengthen success of youth start-ups in Uganda. The program dubbed, ‘Business Foundations - Start Your Startup’ will provide foundational knowledge, skills, and tools required for one to start their business, or increase the chances of

Start Up Financing: Should It Be Debt Or Equity Financing?

BusinessFocus Reporter February 9, 2021February 9, 20210

By Hassan Kitenda,CAIA Starting your own business can be a direful but gratifying process. While designing a great business plan is critical for founders, financing is one of the most important elements a company needs to succeed. Financing is needed to start a business and ramp it up to profitability.

Entrepreneurship News

Young Innovators At Universities Asked To Protect Their Creations To Reap Benefits

BusinessFocus Reporter February 2, 2021February 2, 20210

An image of the low-cost ventilator prototype developed by Makerere University to aid in the treatment of patients with COVID-19. Intellectual property (IP) protection has been deemed critical for protecting Uganda’s proprietary designs, processes, and inventions that, if leaked to competitors or made public, could ruin the country's market advantage

Entrepreneurship

Billionaires’ List: Africa’s Richest People 2021 As Ranked By Forbes

BusinessFocus Reporter January 29, 2021January 29, 20210

From left: Nicky Oppenheimer of South Africa, Aliko Dangote of Nigeria and Nassef Sawiris of Egypt In Africa—as elsewhere in the world—the wealthiest have come through the pandemic just fine. The continent’s 18 billionaires are worth an average $4.1 billion, 12% more than a year ago, driven in part by

Entrepreneurship ICT

The Innovation Village Partners With CIT To Provide Tech Trainings To Low-income Earners

BusinessFocus Reporter January 25, 2021January 25, 20210

The Innovation Village has signed a Memorandum of Understanding with CODEIT Institute of Technology The Innovation Village has signed a Memorandum of Understanding with CODEIT Institute of Technology (CIT) to provide software development training to technologists in Uganda. The training targets students seeking to improve their skills and a software

Entrepreneurship

COVID RECOVERY: Tony Elumelu Foundation Opens Applications For 2021 Entrepreneurship Programme

BusinessFocus Reporter January 4, 2021January 4, 20210

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, has opened applications on its TEFConnect digital platform (www.tefconnect.com) for the entrepreneurship program of 2021. Applications for TEF 2021 went live on January, 1, 2021. This year’s intervention prioritises the economic recovery of small and medium scale

Entrepreneurship News

Fancy Noor’s Restaurant Opens At Kingdom Kampala Mall

BusinessFocus Reporter January 1, 2021January 1, 20212

Tycoon Sudhir (2nd Left) officially launching Noor's Restaurant located at Kingdom Kampala Mall City businessman Dr Sudhir Ruparelia has urged Ugandans to stay safe and look after themselves from Corona virus pandemic as they enter new year 2021. Dr Sudhir Ruparelia made the remarks while officiating at the opening of Noor's Restaurant

Opportunities

How Ugandan Nasa scientist Catherine Nakalembe uses satellites to boost farming

BusinessFocus Reporter December 29, 2020December 29, 20200

As a keen badminton player Ugandan Catherine Nakalembe wanted to study sport science at university but a failure to get the required grades for a government grant set her on a path that led her to Nasa and winning a prestigious food research prize, writes the BBC's Patience Atuhaire. When

Banking Success Story

Absa Bank Uganda Wins Best Banking Group Brand & Best CSR Bank Of The Year Awards

Taddewo William Senyonyi December 24, 2020December 24, 20200

Mumba Kalifungwa, Absa Bank Uganda MD (L) and Harriette Kasirye, Head of Marketing & Corporate Relations, pose with the certificates received by the bank. Absa Bank Uganda has been named the Banking Group Brand of the Year (Uganda) and Best CSR Bank (Uganda) 2020 by the Global Banking & Finance

Entrepreneurship News

The Innovation Village Partners With Facebook To Prepare SMEs For COVID-19 Resilience & Recovery

BusinessFocus Reporter December 10, 2020December 10, 20200

The Innovation Village through Upskill in partnership with Facebook has today launched the Boost with Facebook webinar series. The Webinar that will go on for three days under the theme ‘Leveraging digital platforms for Covid-19 SME recovery’ seeks to share skills and knowledge to help small businesses build resilience to