Uganda Development Bank Limited (UDBL) has announced five strategic sectors to enhance their target of achieving the 2nd Development Plan. Speaking at the breakfast meeting held at the Hotel Africana on Thursday, Patricia Ojangole, the UDBL CEO said that the bank has approved Shs70bn to finance key economic sectors. “UBDL
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dfcu Bank, in partnership with Enterprise Uganda, on Tuesday announced that it will hold 12 business clinics for its Small and Medium Enterprise (SME) customers. The announcement was made during a press briefing which also doubled as the first training session at Mackinnon Suites. The clinics will be held over
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You’ll never get rich working for someone else, or so they say. Many feel the risky, adventurous life of an entrepreneur is the surefire pathway of becoming a millionaire but what if you're happier and more comfortable working for a boss who pays for your medical insurance? According to some
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More than a quarter of the world's population now uses Facebook every month, the social network says. "As of this morning, the Facebook community is now officially two billion people," founder and chief executive Mark Zuckerberg posted. The milestone comes just 13 years after the network was founded by Mr
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By Godfrey Kenneth Gobba The concept of investing our money in financial assets like Stocks, Treasury Bills and Government Bonds is still very foreign to many of us and remains subject to public skepticism. Historically, the only assets we knew were land and houses, but here are three reasons why
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Small and Medium Enterprises (SMEs) will blossom once agency banking takes root in Uganda, Equity Bank Uganda Executive Director, Anthony Kituuka has said. He revealed this while addressing members of over 40 Investment Clubs at a Cocktail event held on Thursday at the Protea Hotel, Kampala. The event was aimed
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After graduating with a Bachelor’s Degree in Social Work and Social Administration from Uganda Christian University, Mukono, her husband lieutenant David Gumizamu wanted her to get a formal job. However, she was determined to start her own business. Today, Francisca Kamazi, a resident of Ryashana I, Kashenyi ward in Ishaka-Bushenyi
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Tens of farmers in Rongai sub-county are counting losses after their livestock died minutes after grazing on suspected poisonous plants. According to The Standard, the more than 50 animals including cows, goats and sheep are said to have died in a span of two days after consuming the plants at
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Many start-ups fail to grow due to limited capital. And many that seek to expand using bank loans don’t qualify because they lack security. However, in developed countries, small private businesses have expanded using equity funding and venture capital. Equity financing is the process of raising capital through the sale
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By Katusiime Kellen Nakumatt’s financial troubles appear to have deepened last month with cash-flow problems delaying payment of salaries for more than two weeks. Kenya’s largest retail chain, which runs the highest number of outlets in East Africa, had by Monday not paid 1,555 employees their May salaries and had
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