Many people have brilliant business ideas that never materialise due to limited funding. Quite often, these lack collateral and other key requirements to obtain a bank loan. However, besides banking, there are many alternative sources of financing your business. Business Focus brings you the top nine (9) alternative sources of
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Stanbic Bank Uganda (SBU) is set to recruit 1,000 agents as Ugandan banks ready themselves to embrace a new model of banking-agency (agent) banking, Business Focus has established. This was revealed by Patrick Mweheire, the SBU Chief Executive Officer at the side-lines of a press conference to announce the bank’s
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By Peter Abaanabasazi Women are increasingly taking on business and managing them successfully. And while many civil servants and salaried people tend to believe that they cannot survive outside formal employment, Grace Koojo Akiiki, a resident of Kikwatamingo in Mparo division, Hoima Municipality has proved otherwise. Grace, the wife to
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The Tony Elumelu Foundation (TEF) has announced 1,000 African upcoming entrepreneurs who are set to receive seed capital worth US$10,000 (about Shs35m) each. These entrepreneurs are the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme. In a March 22, 2017 statement sent to Business Focus, 74 Ugandan entrepreneurs
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Johnson Basangwa, a resident of Bukwenge, Kamuli Municipal Town in Kamuli district is a true testimony of saying ‘start small and grow big’. Having started with 500 chickens in 2007, now he operates a poultry farm – JEKA – where he now owns 20,000 chickens which on average lay 200
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In PART I published earlier, we unveiled 15 unexploited opportunities in Uganda’s trade sector recommended by Uganda Investment Authority. Some ideas can pay back investment money in three months and a profit margin for some ideas is over 90%. In PART II, we bring you more business start-ups that can
Read MoreUnited Nations Development Programme (UNDP) is now accepting applications for the ‘Uganda Training on Environment, Community, Health and Safety’, Business Focus has established. The trainings will be delivered on a regional basis with Entebbe (Central), Kasese (West), Mbale (East) and Gulu (North) being the training hubs, UNDP Uganda office said
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At 30 years of age, it is quite unbelievable for one to quit a job paying him or her Shs30m per month to venture into business-without guarantee of success given the high risks associated with business in Uganda and the high levels of unemployment. However, Maxima Nsimenta, 30, a graduate
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The US embassy in Kampala is inviting Ugandan youths with business ideas to apply for a business training opportunity scheduled for March 17-18, 2017. In a public notice, the embassy says the youths aged between 18 and 30 with “a business or social enterprise idea” are encouraged to apply and
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MTN Uganda has launched Women in Business Awards 2017. The awards are meant to honour women especially those engaged in small to medium business. This comes at a time when the world gears to celebrate International Women’s Day scheduled for March8, 2017. According to MTN, these awards celebrate the achievements
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