Opening a restaurant is a dream that many people share, but only a few are able to turn it into a successful reality. The restaurant industry is known for being...
Not every entrepreneur faces the same barriers. While some struggle to access financing, others—like Ian Clarke—have found ways to navigate the system and unlock new opportunities. After stepping away from...
For three decades, the mobile phone has been an evolving cornerstone of Uganda’s landscape, consistently defying obsolescence. Far from being a mere communication device, it has seamlessly integrated into the…
Diana Nabukenya Adeyemi, Co-founder and CEO of Richland Foods Ltd, is the trailblazing entrepreneur behind the Yo ‘Nyama brand — a fast-growing network of halal butchery kitchens in Uganda. Her...
The Capital Markets Authority (CMA) of Rwanda has welcomed seasoned Botswana financial markets guru, Thapelo Tsheole, as its new Chief Executive Officer (CEO) replacing Eric Bundugu who has been acting at the helm of CMA from 2018 since the exit of Robert Mathu in 2017. Mr Thapelo was appointed CEO a month ago, and he subsequently resigned his role as the head of the Botswana Stock Exchange, but had to wait a month to take up his new role. His departure from the Botswana Strock Exchange saw him lose his seat as the president of African Securities Exchanges Association (ASEA)…
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By Francis Wandera With the liberalisation of the Ugandan economy and the globalisation of firms, it’s becoming difficult for local businesses to keep and serve the same customers for a long. Today, many enterprises struggle to strike a balance between acquiring new customers and making the existing ones loyal to their products and services. To overcome this growing challenge and disruption from competition and start-ups across many industries, businesses need to recognise the essential role of Customer Value Management (CVM) in not only understanding their customers but also in driving a substantial customer base. According to Forbes, the ability to…
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Part of developing any business idea into a successful company is understanding the addressable market for it. The best ideas often have clear answers to the following questions: Who is the most likely to purchase from you with the least amount of convincing? Who’s already spending money on products like this and what are their defining qualities? To develop a deeper understand of who your business idea can serve, you can: 1.Use technology to conduct a competitive analysis of other businesses in the same space. This is the process of identifying and evaluating other companies providing similar solutions to your…
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You probably have a business idea or three rattling around in the back of your mind. Whether it’s monetizing a jewelry-making hobby or selling to a growing niche market, if you’re reading this, you’ve probably flirted with the idea of starting your own full-time business venture or side hustle. What’s often missing in the early stages of successful business development is the confidence that comes with knowing you have a great business idea—a solution that capitalizes on market conditions and will generate sustainable income. If you’re not fully sold on your business idea yet (or just have too many ideas…
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For long, many domestic or indigenous investors have argued that the reason they struggle is because only foreign investors and firms benefit from a slew of incentives from government. That appears to be far from the truth, according to Uganda Investment Authority (UIA) the chief investment promotion agency of the government For starters, UIA defines a domestic investor as “a citizen of the East African Community partner state; a company incorporated under the laws of an East African Community partner state in which the majority of the shares are held by a person who is a citizen of an East…
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Buying a house is a huge part of any person’s dreams. Choosing to buy or rent, though, is a major decision that affects your financial health, lifestyle, and personal goals. Whichever option you choose depends entirely on your lifestyle and financial situation. Both require a regular income (so you can afford the payments and associated costs) and may also require a certain degree of effort to maintain. But there are several differences that make renting and owning property distinctly different. Renting a property doesn’t come with all the responsibilities associated with homeownership and you have more flexibility, as you aren’t…
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If the thought of buying shares or investing in the stock market scares you, you are not alone. Individuals with very limited experience in investing in shares can be easily confused and even intimidated by all the technical jargon, terminology, commentary by financial experts, analysts, stockbrokers, and horror stories by other investors. Regardless of what you know or do not know about investing in shares, and what you have heard from other people who have invested in shares in the past or what you have read on social media, the reality is that investing in shares is a personal choice….
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Treasury bills are risk-free short term financial instruments for investment regularly issued to the public by Government through Bank of Uganda. The Investment Period for Treasury Bills is short term tenors of: 3 months (91days), 6 months (182 days) and 1 year (364 days). Any member of the public e.g individuals, companies, SACCOs, Investment Clubs, pension funds etc…) is eligible to invest in treasury bills through any commercial bank like Housing Finance Bank, Absa, Equity Bank, Stanbic Bank etc. The minimum amount needed to buy Treasury Bills/Bonds is UGX. 100,000 (One hundred thousand shillings only) and are issued in multiples…
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The Uganda Investment Authority (UIA), in collaboration with the State House and Ministry of Finance, will hold the inaugural Presidential Investor Conference on November 29. This unique and one-of-a-kind investor conference will see Uganda’s Chief Investment Promoter, President Kaguta Museveni, meet face-to-face with over 5,000 investors from across Uganda, at the Kololo Ceremonial Grounds in Kampala. The participating investors, ranging from small to big, are drawn from Commercial Agriculture and Value Addition; Manufacturing, Services; and Information and Communication Technology (ICT) sectors. At the conference, the president will not only interact directly with the Investors but also listen to them directly…
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Startups are the lifeblood of the global economy, driving innovation, creating jobs, and shaping the future of industries. They are the engines of growth and the catalysts for societal transformation. However, the journey of a startup is fraught with challenges and uncertainties. One of the most critical aspects of this journey is the ability to raise and use capital efficiently. Startups always raise funding. This is a fundamental truth in the world of entrepreneurship. The reasons for this are manifold. Firstly, startups need capital to transform their innovative ideas into viable products or services. They need funds to hire talent,…
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