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dfcu Bank has revamped its *USSD 240# platform, making banking easier, faster, and more inclusive for Ugandans. With no need for smartphones, internet, or airtime, customers can check balances, transfer…
By Laura Bahemuka In Uganda’s economic landscape, Micro, Small, and Medium Enterprises (MSMEs) are the engine that drives productivity, jobs, and innovation. But ask any Ugandan SME entrepreneur, and they’ll…
Seasoned Banker and former Equity Bank Executive Director for Public and Social Investments, Elizabeth Mwerinde Kasedde has been appointed to lead commercial banking operations at EcoBank. Ms. Mwerinde took to her LinkedIn account today to share the news of her executive appointment. Ecobank is a pan-African banking conglomerate which opened its doors to Uganda in 2009, with banking operations in 33 African countries. Ms Mwerinde is an experienced senior banker with a rich career spanning over 26 years, primarily within the banking sector, encompassing corporate, commercial and international finance. Mwerinde kicked off her career in 1998 as Manager of Trade…
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The Chief Executive of the Stanbic Uganda Holdings Limited (SUHL), Francis Karuhanga has officially flagged off two innovative programs aimed at supporting businesses access finance, fostering economic growth within Uganda’s dynamic SME sector. Dubbed the Stanbic Accelerator Program (SAP) and the Supplier Development Program (SDP), unveiled today, the two are under the implementation of the Stanbic Business Incubator Limited (SBIL), a subsidiary of SUHL. “Each year, we inject about UGX 2 billion into the Incubator. The programs mark a significant milestone in SBIL’s commitment to empowering entrepreneurs and small business owners across the country,” Karuhanga said. He added that the…
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Tell us about the SME sector in Uganda? The SME sector in Uganda is basically clients who are involved in the day to day running of businesses, local businesses in and around the country. They cut across various sectors. The sectors are oil & gas, manufacturing, trade and commerce, educational sector, the NGOs, and also people involved in infrastructure. Also, not forgetting clients in agriculture and agribusiness. SME stands for small and medium enterprises. What we mean by small is those enterprises who are mainly beginning businesses. They have left the startup stage but are in business between six months…
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