The cost of doing business in Uganda remains high although it is slowly declining. The World Bank’s annual ‘Doing Business report 2018: Reforming to Create Jobs’ released late last year indicates that Uganda dropped seven places to 122 in the rankings out of 190 economies, compared to 115 out of
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Uganda’s richest man Sudhir Ruparelia is set to expand his investments in the growth and exportation of flowers and vegetables. Sources told Business Focus that on Saturday Sudhir visited Baale village in Kayunga District where he is set to “acquire about 9 square miles of land” to expand his floriculture
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KCB Bank Uganda has sponsored local entrepreneurs for an international trip to Germany and Turkey in an effort to support growth of the SME sector in the country. The bank will be sending 30 of its business club members for a 10-day business trip that will see the SMEs network
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You may think you have it all as an entrepreneur just because you have a business plan that seems to be working. You have sourced the capital and are in the midst of accelerating your product or service to the next level — and perhaps making a tidy sum. But
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By Aloysious Kasoma Makerere University Lecturer and Budget and Financing expert Barbra Katende has advised women doing business to up their game by branding their businesses well. Katende, a mentor made the remarks on Wednesday as chief guest at the dfcu Women in Business (WiB) Financial Literacy workshop held at
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On March8, 2018, Uganda will join the rest of the world to celebrate the International Women’s Day. This day brings into perspective the issue of women emancipation that has been prominent in President Yoweri Museveni’s 32 years in power. While women have generally been empowered, a few occupy top executive
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The call for applications for the 8th Orange Social Venture Prize in Africa and the Middle East opened Wednesday and will run through 31 May 2018, under the “Orange Social Venture Prize”. This prize, awarded by Orange, rewards innovative projects based on Information and Communication Technologies (ICT) which improve the
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The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) Friday entered into a re- guarantee transaction of an amount of up to USD 74 million (Shs269.3bn) with GuarantCo, to increase its guarantee capacity for SME financing. SMEs have a large and growing impact on GDP in emerging markets and
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In partnership with Google, Mara Corporation Limited (MC) is set to release the Mara X for the African market in the second quarter of 2018. The Mara X will be a one-of-a-kind high-quality, smartphone. Mara Corporation Limited is owned by Ashish J Thakkar, one of the richest Ugandans. The Mara
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Last year, Uganda Development Bank Limited (UDB) in partnership with the Resilient Africa Network (RAN Lab) rolled out the UDB i-Growth Accelerator Program focusing on supporting commercialization of local start-ups and stimulating a culture of innovation in Uganda so as to make a remarkable contribution to the country’s social economic
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