Damali Ssali has been appointed as the new Country Director for Global Alliance for Improved Nutrition (GAIN) in Uganda. GAIN is a Swiss-based foundation launched at the United Nations in 2002 to tackle malnutrition by working with governments, businesses and civil society. Damali is a bold and visionary leader with over 18 years of executive-level experience at the intersection of financial services, trade facilitation, private sector development, and innovation in Africa. As GAIN’s new Country Director in Uganda, she brings a unique combination of strategic insight, global expertise, and deep commitment to inclusive development. Her professional journey began in the…
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By Roy Ronald Tumwizere Every third Saturday in May, the world raises a glass to one of the most storied and enduring spirits in history: whisky. World Whisky Day is…
In Africa’s fast-growing business landscape, securing funding is both an opportunity and a challenge. For entrepreneurs looking to scale their businesses, two major financing paths stand out: Private Credit and Venture Capital (VC)….
By Kenneth Kawuki The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organizations. It is key to note that the procurement function in companies accounts for about 60% of the approved organizational budgets. Previously, the procurement function primarily revolved around negotiating the lowest price for goods and services. This process often began with budgeting and planning, an order from a department to source specific items and ended with the delivery of the goods or service. In between, there were bid invitations, bid assessments, and eventual communication of…
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Legitimate Money Lenders have urged the government to closely monitor economic activity during the Christmas season while re-opening dialogue on lending rates. Through the Money Lenders Association of Uganda (MLAU), comprising legitimate, ethical money lenders registered with the Uganda Microfinance Regulatory Authority (UMRA), the money lenders have called for the Government and economists to reconsider the policy capping lending rates. Legal Notice No. 21 of 2024 under the Tier 4 Microfinance Institutions and Money Lenders Act, Cap 61 issued by the Ministry of Finance, Planning and Economic Development Minister Hon. Matia Kasaija, recently capped the minimum interest money lenders can…
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Two key words have taken the corporate world by storm; Sustainability and ESG (Environment Social Governance). Many organizations globally are working towards attaining sustainability certifications by implementing environmentally friendly practices as well as ensuring they have airtight corporate governance structures by engaging in, sponsoring and supporting activities and initiatives that positively impact the societies and communities they are in. While the Environment and Governance pillars have taken center-stage, the Social pillar has been marginalized. It entails human rights, ethical labour standards, equity, diversity, philanthropy and most importantly gender equality. In the past, businesses focused on the provision of goods and…
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By Doreen A. Muhangazi In today’s rapidly evolving business landscape worldwide, the caliber of Human Capital in any given organization has become pivotal to its success. Collectively, Human Capital refers to the set of skills, knowledge and experience possessed by the Organization’s workforce, and these have since emerged as the number key driver for competitive advantage in any industry or sector. With increased automation, companies can no longer give lip service to the centrality of people to their businesses and eventual success or not. Therefore, effective management and development of Human Capital “people” are foundational to building a resilient organisation…
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dfcu Bank has been unveiled as one of the key financial institutions that will champion and implement the GROW project across Uganda. GROW stands for Generating Growth Opportunities and Productivity for Women Enterprises. The announcement was made at an event hosted by the Private Sector Foundation Uganda (PSFU) to officially launch the initiative. The Vice President of Uganda, H.E. Jessica Alupo officiated over the event which was attended by multiple ministers, members of parliament, development organisation partners and female business owners. The GROW Project, funded by the World Bank, and implemented by the Ministry of Gender, Labour and Social Development…
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On a trip to any supermarket in Kampala, one will be met with aisles of snacks with the label Sumz. From crisps to chocolate cookies or roasted ground nuts, Sumz has it all. A true Ugandan business success story, Sumz is also a staple for school-going children who stock Sumz products as part of their grub. Recently, the company started exporting its products to Uganda’s neighbours including DRC, in a ceremony that was flagged off by Uganda’s state minister of Finance for Investment and Privatization, Evelyn Anite. Sumz, the brainchild of Denis Ngabirano and his wife, has blossomed into one…
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