Arise Kollections manufactures and distributes high-end leather and textile fashion accessories such as handbags, footwear, jewellery, and hand-woven items to several foreign and local markets. Mrs. Kitumba’s luck came in 2012 when she met Ms Susan Muhwezi, former Uganda AGOA Country Head. She admits that her success under AGOA was born out of a merger that involved two companies; Sseko Designs LLC (USA) with Noonday Collection- the former being American, and the latter being Ugandan. This merger enabled it to become a majority Ugandan female-owned independent company. However, after the exit of Sseko Designs as a majority shareholder in 2022; Netunze rebranded…
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As Uganda comes to terms with the suspension by the World Bank of any future lending to the country over its recent passing of the Anti-Homosexuality Act (AHA) and what that could mean to a number of Bank-funded infrastructure and social service projects, another victim of the expected international pushback is the country’s currency- the Uganda Shilling. The Shilling which has, unlike its regional peers been resilient against the US dollar for much of 2023, opening the week at a strong UGX3600 on Wednesday 09th 2023 lost more than UGX40 in a single day’s trading, closing at an average of…
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