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Mobile money is the backbone of Uganda’s everyday economy. With over 30 million registered accounts and trillions of shillings transacted every month, mobile money powers how Ugandans pay, trade, and support one another. Much of this activity peaks on weekends. Across the country, Saturdays and Sundays record some of the highest transaction volumes, driven by market days, travel, social functions, remittances, and informal trade. For mobile money agents in taxi parks, trading centres, and neighbourhood kiosks, weekends are often the most profitable days of the week. Yet they have also been the most frustrating. When demand is highest, access to…
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Centenary Bank, the largest commercial microfinance bank in Uganda, joined women entrepreneurs, policymakers, and development partners at the annual Women Enterprise Conference with a shared goal of bridging the financial and economic…
Housing Finance Bank received two prestigious national awards in recognition of its pivotal role in strengthening Uganda’s economic resilience. The Bank was honored by Bank of Uganda with the Agricultural…
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Entrepreneurs have been advised that an important part of doing business is being compliant in regards to the relevant regulatory rules in place. Speaking during a panel discussion under the theme, ‘Compliance and why many Ugandan MSMEs fail to seize lucrative business opportunities,’ Catherine Poran, the Chief Executive of the Stanbic Business Incubator Limited said, “The first reason why most Ugandan businesses fail is failure to adhere to compliance. Most businesses are not compliant with the laws. When you are doing business, do it the right way. Compliance means that you are doing business the right way. And that is…
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The Private Sector Foundation Uganda (PSFU), in partnership with Mastercard Foundation and The African Management Institute (AMI) this week, hosted a meeting for stakeholders in Uganda’s Business Development Services (BDS) ecosystem aimed at enhancing the capacity and quality of BDS offered to Micro, Small & Medium Enterprises (MSMEs). The event brought together leaders and innovators from the BDS ecosystem, focusing on fortifying the capabilities of BDS providers to catalyse the growth of MSMEs in the country. Addressing stakeholders, Stephen Asiimwe, the CEO of PSFU, emphasised the vital role of MSMEs as the backbone of Uganda’s economy, while highlighting the pivotal…
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