Kampala, Uganda | THE INDEPENDENT | At an event held recently in Kampala, a total of 28 women Agribusiness entrepreneurs graduated from the first cohort Business Accelerator Program (BAP) implemented by Agribusiness Development Centre and powered by dfcu Limited and Rabo Foundation. Launched last year, the Business Accelerator Program’s objective is …
Read More »African Start-up League to empower young entrepreneurs with a US$1 million-dollar prize
Kampala, Uganda | Patricia Akankwatsa | With Africa hitting the 1.3 billion population mark, Africa Start-up League (ASL) has launched a challenge they hope will unlock the potential for start-ups to meet this market demand. The competition will commence on February 8, 2023 and is open to young entrepreneurs across the continent with …
Read More »HEALTH TECH: 9 startups transforming healthcare in Africa
From Ethiopia to South Africa, health tech entrepreneurs are developing solutions to make quality medical care accessible and affordable throughout the continent. Nairobi, Kenya | BIRD AGENCY | While African healthcare technology is still nascent when assessing it against global trends, significant progress has been made in the industry. In …
Read More »‘Uganda’s start-up entrepreneurs have a positive mindset but need technical support’
Kampala, Uganda | THE INDEPENDENT | Uganda’s young start-up entrepreneurs have a positive mindset but need technical and education skills support to realize their full dreams, according to Joao Rei, a host and mentor of the Estonian-based Garage 48, a startup hackathon series turning ideas into working prototypes. Joao, who spoke …
Read More »Uganda to waive taxes on foreign venture funds
Kampala, Uganda | THE INDEPENDENT | At least 930 billion Shillings is available for possible lending as cheap long-term capital for small and medium enterprises from the Collective Investment Schemes, CIS, according to the Capital Market Authority. This is the value of the assets under management, which have grown from just …
Read More »UDB offers simpler credit terms for women entrepreneurs
Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank has developed a special financing program for women entrepreneurs, in response to concerns that most of the women cannot afford the terms and conditions generally set by the industry for capital. This is part of the bank’s measures aimed at rebuilding …
Read More »UDB to finance 2 million women entrepreneurs with micro loans
UDB has signed a memorandum of understanding with the Uganda Women Entrepreneurs Association Ltd under which beneficiaries will get between 50 and 100 million shillings in loans Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank has offered to help 2 million women in business access financing at more affordable cost …
Read More »UWEAL seeks UGX 25Bn for an incubation centre
Kampala, Uganda | THE INDEPENDENT | The Uganda Women Entrepreneurs Association Limited-UWEAL has launched a fundraising drive of 25 billion shillings to construct an incubation facility to help boost women’s businesses in Uganda. Barbara Ofwono Buyondo, the chairperson UWEAL says that the facility will be constructed at Namanve Industrial Park on …
Read More »Entrepreneurs reaping big from Jumia’s e-commerce initiative
Kampala, Uganda | Julius Businge | The rise of e-commerce in the past few years is benefiting budding entrepreneurs as consumers are finding it easy to do shopping by merely clicking the button of their internet enabled devices. One of the entrepreneurs interviewed for this story, Joachim Mumbere has turned his shop …
Read More »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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