Michael Wilkerson Archives

Valuable insights into credit financing to the informal sector as told by a man who has leased out 30,000 motorcycles, boat engines, cars, tractors and fridges to people previously thought to be too poor to afford them

Muhereza KyamuteteraCompany News Finance Industry & Analysis Q + As The Big StoryNovember 23, 2022November 23, 2022

From the look of things- it appears the pandemic set the business back a couple of years- how would you describe the path to recovery? It is fair to say…

Tugende closes pre-Series B funding raising US$10m in equity and debt transactions arranged by Verdant Capital

CEO ReporterNews & AnalysisOctober 11, 2022October 11, 2022

Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors,…

Who is who on Uganda’s e-trade association leadership

Nelson NambooleNews & AnalysisOctober 5, 2022October 5, 2022

On September 23, 2022, e-commerce firms in Uganda commissioned their umbrella, E-Trade and Startup Association of Uganda, in a bid to help them unlock the potential of e-commerce with one…

COVID-19: Asset financing firm Tugende cushions clients with over UGX575 million in cash grants; suspends late repayment penalties for 2 months

Muhereza KyamuteteraFinance The Big StoryApril 17, 2020April 17, 2020

In one of a kind move, Tugende, a Ugandan social enterprise that provides asset financing to informal sector entrepreneurs and MSMEs, has suspended, for two months, penalties on late repayments…

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