How is Bank of Uganda helping SMEs access affordable financing for agriculture?

The Covid-19 Business Info Hub is gathering useful information to help you understand what funding opportunities exist to help SMEs during this pandemic. Here is what you need to know about Bank of Uganda’s (BOU) Agriculture Credit Facility (ACF).

 What is the BOU ACF?

The ACF was set up by the Government of Uganda (GoU) in partnership with Commercial Banks, Uganda Development Bank Ltd (UDBL), Micro Deposit Taking Institutions (MDIs) and Credit Institutions with the main objective of promoting commercialization of agriculture through the provision of medium and long term financing to projects in agriculture, agro-processing, modernization and mechanization.

What sort of projects are eligible for this facility?

Projects that require the acquisition of agricultural machinery and post-harvest handling equipment, storage facilities, agricultural inputs, biological assets for restocking the farm, agro-processing facilities, purchase of grain, and any other agricultural and agro-processing related activities.

Projects requiring working capital for operating expenses will be considered provided this component does not exceed 20% of the total project cost for each eligible borrower. These costs may include wages for hired farm labour, overhead costs like utilities and installation costs, and hiring of specialized machinery for farming activities, among others.

What are the loan terms and requirements?

Loan amounts are determined on the basis of assessment and appraisal of project costs and genuine credit needs in accordance with the lending policy of the commercial bank and the ACF Memorandum of Understanding. Loans are designated in Ugandan shillings and disbursed by commercial banks. Key terms include:

  • The maximum loan amount to a single borrower is up to Shs.2.1billion, however this amount can be increased up to Shs.5billion on a case-by-case basis. The maximum loan amount to an eligible borrower for biological assets shall not exceed UGX 80 million and shall not be used for financing working capital for purchase of land, forestry, refinancing existing loan facilities and trading in agricultural commodities with the exception of grain (see below).
  • There is no designated minimum loan amount to the final beneficiary, but BOU can only reimburse a minimum of Shs 10million to the commercial banks.
  • Loan terms will be between 6 months and 8 years with a maximum grace period of up to 3 years.

The interest rate to the final borrower is up to a maximum of 12% per annum.

  • Loan processing fees should not exceed 0.5% of the total loan amount. Any legal documentation and registration costs are borne by the borrower.
  • Collateral requirements include machinery and equipment financed by the loan, and any other marketable securities provided by the borrower/final beneficiary. The commercial bank may seek additional security based on their evaluation of the risk profile of the project being financed.

What are the conditions for loans for grain trading?

Loans are available for working capital and capital expenditure related to grain trading with the following conditions:

  • The maximum financeable amount to a single borrower will be UGX 10 billion, and the GoU contribution shall be 50 percent of the eligible amount.
  • The maximum tenure of a loan for working capital for an eligible project under the grain facility shall be 24 months from the date of disbursement to the borrower.
  • The maximum tenure of a loan for capital expenditure for an eligible project under the grain facility shall be 8 years from the date of disbursement to the borrower with a maximum grace period of 3 years.
  • The applicable interest rate for loans advanced to finance grain trading under the scheme shall be a maximum of 15% per annum.
  • The applicable interest rate for loans advanced to finance capital expenditure under the scheme shall be a maximum of 12% per annum.

What is the procedure of accessing the ACF Loan Facilities?

The client forwards his/her loan application to any commercial bank of his/her choice that is part of the Participating Financial Institutions (PFIs) for the ACF facility. The bank will then advise on the terms under the ACF facility. A detailed bankable project proposal/feasibility report may be required by the PFI (depending on the loan amount applied for).

Issues to do with the security/collateral will be negotiated with the client’s bank and not with BOU. If the loan application meets the requirements of the ACF, then the bank will forward the application to BOU on behalf of the client for approval. BoU then reviews the application for compliance in accordance with the guidelines governing the administration of the scheme and on approval by BoU, the bank will disburse the funds to the client and request BoU for a re-imbursement.

For more information, contact Bank of Uganda (BOU).

Website: https://www.bou.or.ug/bou/bouwebsite/ACF/ Head office: Plot 37/45 Kampala Road, P.O.Box 7120, Kampala, Uganda. Telephone numbers: +256-414-258-441/6 +256-414-258-060/9 Email: info@bou.or.ug

 

Bbanka ya Uganda enkulu eyambye etya SMEs ezenyigira mu by’obulimi n’obulunzi okusobola okufuna okuyambibwako mu by’ensimbi?

Omukutu gwa Covid-19 Business Info Hub guli mu kukungaanya amawulire ag’omugaso okukuyamba osobole okutegeera amakubo agaliwo, SMEs mwe zisobola okuyita okusobola okuyambibwako mu by’ensimbi. Bino byoteekeddwa okumanya ku nkola Bbanka ya Uganda enkulu gye yassaawo okuyamba ku beenyigira mu mulimu guno eyitibwa Agriculture Credit Facility (ACF)

 

Enkola ya Bbanka ya Uganda enkulu eyitibwa ACF etegeeza ki?

 

Enkola ya ACF yateekebwawo Gavumenti ya Uganda ng’ekolaganira wamu ne zi bbanka z’eby’obusuubuzi (commercial banks) bbanka y’eby’enkulaakulana (Uganda Development Bank Ltd), ebitongole ebitonotono ebiterekera abantu ensimbi (MDIs) wamu n’ebitongole ebirala ebiwola ssente. Ekigendererwa ekikulu mu ACF kwe kutumbula eby’obulimi n’obulunzi ng’omulimu oguvaamu ssente nga bayita mu kuteeka ssente mu zi pulojekiti z’eby’obulimi, okwongera omutindo ku bikunguddwa, ennima ey’omulembe nga kwotadde n’enkola y’okukozesa ebyuma.

Pulojekiti nnabaki ezikkirizibwa okwenyigira mu nkola eno?

Pulojekiti zonna ezirina obwetaavu bw’ebyuma ebikozesebwa mu kulima wamu n’ebyo ebikozesebwa oluvannyuma lw’amakungula, abeetaaga aw’okutereka ebikunguddwa, okuzzaawo ebimera ebirala, ebikozesebwa mu kwongera omutindo ku bintu byabwe, okugula ensigo n’ebirala ebigwa ku kkowe eryo.

Pulojekiti ezirina obwetaavu bwa ssente ez’okuddukanya emirimu gya bulijjo ziggya kuweebwa omukisa kasita zibeera nga omutemwa gwe zeetaaga tegusussa bitundu 20% ku muwendo gwonna awamu gwe zikozesa. Muno muzingiramu okusasula abakozi, okusasulira ebikozesebwa ebirala, okupangisa ebyuma nga kyetaagisizza n’ebirala ebigwa ku kkowe  eryo.

Biki ebyetaagisa omuntu okusobola okwewola?

Omuwendo oguwolebwa omuntu yenna gusinziira ku kupimaapima wamu n’okukakasa obwetaavu bw’ensimbi obutuufu omulimu ogwo bwe guba gulina okusinziira ku nkola ya bbanka ssekinnoomu wamu n’entegeeragana yaayo ne ACF. Amabanja gano gawolebwa mu ssente za Uganda era nga gayisibwa mu bbanka ez’eby’obusuubuzi.

Obukwakkulizo obw’enkizo buzingiramu buno wammanga;

  • Ekinene ennyo omuntu asobolola okwewola shs. obuwumbi 2.1, wabula ssente zino zisobola okulinnyisibwa okusinziira ku busobozi bw’omuntu ssekinnoomu.

Oyo ayagala okwewola ssente ez’okuteeka mu birime ebikulira ebbanga eggwanvuko, tajja kusussanga shs. bukadde 80 era nga zino ziba tezikkirizibwa kukozesebwa mu kuddukanya mirimu gya bulijjo omuli okugula ettaka, eby’ebibira, okusasula ebbanja ekkadde oba okukozesebwa mu kusuubula ebirime ebirala ng’oggyeko eby’empeke. (wekkaanye bino wammanga)

  • Omuntu asobola okwewola ssente zonna z’asobola-twali kkomo ku butono bwazo naye yo bbanka enkulu ekitono ennyo ky’esobola okuwa bbanka z’obusuubuzi ziri shs. obukadde 10.
  • Amabanja gano gajja kumalanga ebbanga eriri wakati w’emyezi 6 okutuuka ku myaka munaana (8) era ng’omuntu aba asobola okuweebwa akalembereza akatasussa myaka esatu (3).
  • Ekinene ennyo omwewozi ajja kiggyibwangako amagoba ga bitundu 12% buli mwaka
  • Ebisale ebikola mu kuteekateeka ebbanja tebiisukkenga butundutundu 0.5% obw’omuwendo gwonna awamu. Ebisale eby’etaagisa okuteekateeka ebiwandiika mu mateeka wamu n’okwewandiisa byonna biba bisasulwa oyo ayagala okwewola.
  • Omusingo gujja kuba nga guzingiramu ebyuma ebiba biguliddwa ku ssente z’ebbanja, n’ebintu ebirala byonna eyeewoze by’aba ataddeyo kasita biba nga bitundika. Bbanka esobola okusaba ebintu ebirala ebikweyimirira ng’esinziira ku ngeri gy’eba erabyemu obulabe obuyinza okwolekera pulojekiti eteekebwamu ssente.

Bukwakkulizo ki obuliwo eri oyo ayagala okwewola ssente ezikozesebwa mu busuubuzi  ebirime eby’empeke?

Osobola okwewola ssente ezikozesebwa mu kuddukanya emirimu egya bulijjo wamu n’abetaaga ez’okugula ebintu ebikozesebwa mu busuubuzi bw’ebirime eby’empeke era obukwakkulizo bwe buno wammanga;

  • Ekinene ennyo, omuntu omu aba asobola okuweebwa obuwumbi 10, era nga gavumenti ejja kuteekangako ebitundu 50% ku muwendo ogunaaba gwetaagisizza.
  • Omuntu eyeewoze ssente ez’okukozesa mu kuddukanya emirimu egya bulijjo mu pulojekiti y’ebirime eby’empeke, ebbanja lino liba limala ekinene ennyo emyezi 24 okuva ku lunaku ssente ezo lwe zimuweebwa.
  • Omuntu eyeewoze ssente ez’okugula ebikozesebwa okugeza ebyuma mu pulojekiti egwa mu ttuluba ly’obusuubuzi bw’ebirime eby’empeke, ebbanja lino lijja kumalanga ekinene ennyo emyaka 8 okuva ku lunaku ssente lwe zimuweereddwa era aweebwa akalembereza akaweza ekinene ennyo emyaka esatu (3).
  • Amagoba aganaggyibwanga ku muntu eyeewoze ssente ez’okuddukanya emirimu gya pulojekiti egya bulijjo ekinene ennyo gajja kubeera ku bitundu 15% buli mwaka.
  • Amagoba aganaggyibwanga ku muntu eyeewoze ssente ez’okugula ebikozesebwa go gajja kubeera ku bitundu 12% buli mwaka ekinene ennyo.

Biki ebigobererwa okusobola okwewola ssente eziri ku nkola ya ACF?

Omuntu yenna alina obwetaavu bw’okwewola ateekayo okusabakwe ng’ayita mu bbanka y’eby’obusuubuzi gy’aba asiimye kasita ebeera nga y’emu kwezo ez’enyigira mu nkola ya ACF (Participating Financial Institutions – PFIs). Bbanka yo oluvannyuma ejja kukunnyonnyola amateeka agagobererwa mu nkola ya ACF. Bbanka yo era eyinza okwetaaga ekiwandiiko ekinnyonnyola obulungi pulojekiti gy’oyagala okukola n’engeri gy’osuubira okugifunamu (kino kijja kusinziira ku muwendo gwa ssente omuntu gwabeera asabye)

Eby’omusingo oba ebikweyimirira bijja kuteesebwanga era mutegeeragane ne bbanka yo so ssi na bbanka enkulu. Ssinga okusabakwo kunaaba kutuukagana n’eby’etaago bya ACF, olwo bbanka yo ejja kukuweereza mu bbanka enkulu kusobole okukakasibwa. Bbanka enkulu ejja kuyitanga mu kusaba kuno erabe oba kutuukagana bulungi n’okulungamizibwa okwassibwawo ku nzirukanya y’enkola eno. Ssinga okusabakwo kunaabanga kukakasiddwa bbanka enkulu, olwo bbanka yo ejja kukuwa ssente era yo esabe bbanka enkulu okuweebwa endala.

Okumanya ebisingawo, tuukurira bbanka ya Uganda enkulu ku ndagiriro eno;

Website: https://www.bou.or.ug/bou/bouwebsite/ACF/ Head office: Plot 37/45 Kampala Road, P.O.Box 7120, Kampala, Uganda.

Essimu:  +256-414-258-441/6 +256-414-258-060/9 Email: info@bou.or.ug


Which online tools should I consider using to communicate with customers and suppliers during COVID-19?

Many businesses have been affected by various restrictions put in place to contain the spread of COVID-19, and as a result, meetings with clients, employees, and suppliers have become difficult to hold physically. Instead, businesses will have to adopt new ways of effectively “meeting” and keeping in touch – both internally (employees) and externally (clients, suppliers, etc.).

The COVID-19 Business Info Hub spoke to Johannes Mager, Digital Ambassador for the German Agency for International Cooperation (GIZ) in Kampala, to understand which online tools business owners should consider implementing.

What online meeting tools are available?

 There are two categories to consider: audio conferencing and video conferencing. Audio conferencing is the most widely accessible version of hosting an online meeting, while video conferencing allows internet users to connect via audio and video from a personal computer or smartphone. The below table offers information on a number of options available in the market:

Bukodyo ki bwennyinza okukozeseza ku mutimbagano okusobola okusigala nga twogerezeganya n’abaguzi bange wamu n’abo abandeetera ebintu bye nkozesa mu kiseera kya sennyiga omukambwe?

Emirimu mingi gikoseddwa olw’obukwakkulizo obwenjawulo obuzze bussibwawo okugezaako okuziyiza okusaasaana kw’ekirwadde kya Covid-19. Olw’embeera eno, kyafuukira ddala kizibu okutegeka enkiiko mu buntu ez’abaguzi, abakozi wamu n’abo abaleeta ebintu ebikozesebwa. N’olwekyo, abasuubuzi bateekeddwa okuyiga engeri empya mwe basobola okuyita okutegeka enkiiko kibayambe okusigala nga bakwatagana bo ng’ab’omunda (abakozi) ko n’ab’ebweru (abaguzi, abaleeta ebikozesebwa n’abalala).

Omukutu gwa Covid-19 Business Info Hub gw’ayogerako ne Johanes Mager ng’ono y’akiikirira ekibiina ky’eggwanga lya Buyonaani ekivunaanyizibwa ku nkolagana n’amawanga amalala ki Germany Agency for International Cooperation (GIZ) mu by’emitimbagano e Kampala okusobola okutegeera obukodyo bw’omutimbagano abasuubuzi bwe bayinza okussa mu nkola.

Waliwo bukodyo ki obuyinza okukozesebwa ku mutimbagano?

Waliwo engeri bbiri omuntu z’ayinza okutunuulira; esooka yey’okwogerezeganya mu maloboozi gokka ate ey’okubiri yo omuntu aba asobola okuwulira amaloboozi ng’eno alaba n’ebifaananyi.

Okwogerezeganya mu maloboozi ye ngeri esinga okubeera ng’ekozesebwa mu kuteekateeka enkiiko z’okumutimbagano ate ku luuyi olulala enkola erimu okulaga ebifaananyi yo omuntu abeera yeetaaga ekyuma ki kalimagezi (computer) oba essimu esobola okugenda ku mutimbagano (smart phone)

Olukangaga luno wammanga lukuwa engeri ez’enjawulo eziriwo ku katale mu kiseera kino.


How to Assess Your Business Risk (Risk Assessment Tool)

Assessing Your Business Risk

The International Labour Organization (ILO) has developed a Self-Assessment Tool that is designed to help small and medium-sized enterprises (SMEs) during the COVID-19 crisis. The COVID-19 Business Info Hub has adapted the tool for use in Uganda.

The goal of the tool is to help SMEs like you to assess the level of risk and vulnerability of your business by looking at four key aspects of your business called the “4Ps” by the ILO:

People

How are your workers and their families affected by COVID-19?

Processes

How are the everyday operations of your business affected?

Profits

To what extent is your income and revenue affected?

Partnerships

How is the environment around your business affected by COVID?


How business automation has enabled SMEs to stay afloat during COVID-19

The COVID-19 Business Info Hub spoke with Francis Otim, CEO of Smart Business Intelligence LTD, to understand why business owners should automate their businesses and understand lessons from SMEs that have effectively used his company’s MYAccounts™ tool to thrive during the pandemic.

What challenges does business automation solve for SMEs?

Business automation can help solve a number of challenges faced by SMEs, especially control, financing and compliance. One major challenge, given that most SMEs use a pen and paper to manage business records, is delayed reporting and analysis of business performance. Similarly, this form of recordkeeping makes managing tax payments difficult, and a lack of affordable quality support in the market from professional accountants compounds this. As a result, SMEs face challenges in accessing financial products and services, which affects how businesses are able to survive challenging times and grow during business as usual.

In what ways can business automation assist businesses in the face of COVID-19?

Automation of business processes and procedures is critical for SMEs. The MYAccounts™ solution is designed to transform SME operations by generating quality data to enable businesses to make data-driven decisions to accelerate business survival, growth, and excellence. Automation enables businesses to have better control and visibility over operations. Automation reduces barriers to accessing financial services (such as microcredit, microinsurance) and alternative financing as information reduces the risk for providers associated with lending, which in turn also lowers the cost of capital for businesses.

What is your experience in the business of automation? Take us through the practical journey of business automation.

Smart Business Intelligence LTD has been working in this space for the last twelve years, and MYAccounts™ is a solution that entails a short but comprehensive three-stage, three-day implementation process. First, we work to understand your current business operations to plan how best to set up your system; then, we build customized comprehensive mobile data collection and real-time reporting apps for your business; and finally, we test and deploy. Thereafter, we provide support. The outcome of this process is a 90% increase in business visibility, control, and reporting; significant improvements in business resource optimization; an increase in the number and quality of key business decisions; enhanced regulatory compliance (e.g with URA and KCCA); and finally, improved outcomes related to accessing formal financial products and services. Businesses are transformed by adopting a data culture.

What are the costs associated with the MYAccounts™ solution?

MYAccounts™ is essentially a highly efficient virtual accountant. It automates data entry, reconciliation, and reporting without increasing your HR costs. The breakdown of costs associated with implementing and operationalizing the solution follows:

  • Software UGX 150,000 per month ( for up to 10 users; ongoing cost)
  • Training UGX 150,000 (1-time cost)
  • Set up UGX 100,000 (1-time cost)

To achieve the same outcomes, a business would typically pay a minimum salary cost of UGX 1,000,000 per month (net of PAYE). System costs in the market today (for the level of functionality we provide) will average at USD 500 (UGX 1,900,000) per user. Importantly, MYAccounts™ works on mobile devices with both online and offline access, effectively reducing hardware costs.

What outcomes have you seen from businesses using MYAccounts™ successfully? What lessons are there for other businesses?

To date, MYAccounts™ has engaged with over 3,000 SMEs throughout Uganda and the region. Testimonials from those that have automated are many, and the pandemic has resulted in a dramatic increase in demand for business automation services. Our solutions have helped our clients maintain visibility and control over operations regardless of the new operational restrictions placed on businesses due to the pandemic. With real time access to business reports and analytics, our clients have been able to continue making data-based decisions as they their build their strategic and operational responses to the economic crisis.

Client Testimonial: ‘MYAccounts™ has been fantastic in this COVID time because it has helped us maintain visibility over business operations and use data to make necessary changes to optimize business operations. Demand planning to avoid over stocking or understocking is automated across our wide product range. Our stock control and monitoring is now automated so manual checks are now done online for easy variance tracking. After introducing the system, we were able to identify inefficiencies and immediately restructured to a more efficient operating model. We are able to monitor our customer activity including credit and payments all using MYAccounts™ Technology.’ Jackson Were. Managing Director, Jalyz Investments Limited. Authorized distributor for UGACHICK Limited in Kawempe division. More testimonials here https://youtu.be/u9VzSb1797U

For more information:

Smart Business Intelligence, EMAIL ADDRESS info@sbintell.com  Contact: 0791 180294 facebook.com/sbintell, twitter.com/myaccountsug

Linkedin: https://www.linkedin.com/showcase/myaccounts-africa/

Engeri embeera y’okukwasaganya emirimu mu nkola ya “ebintu byekola byokka” (Business Automation) gy’eyambyemu amakolero amatonotono (SMEs) okusigala nga gatinta mu kiseera kya ssennyiga omukambwe.

Omukutu gwa Covid-19 Business Info Hub gwayogerako ne Francis Otim ng’ono ye mutandisi wa Smart Business Intelligence Ltd okusobola okutegeera ensonga lwaki abasuubuzi basaanidde okukwasaganya emirimu gyabwe mu mbeera y’okuba ng’ebintu byekola byokka wamu n’okuyigira ku SMEs ezisobodde okukozesa enkola ya MYAccounts eyaziweebwa ekitongole ekyo ne zisobola okusigala nga zitinta mu kiseera kya nnawookeera wa covid-19.

Kusoomoozebwa kwa nnabaki amakolero amatonotono kwe gasobola okuvvuunuka ssinga gaba gakozesa enkola y’ebintu byekola byokka mu kuddukanya emirimu gyago?

Enkola eno esobola okuyamba amakolero amatonotono okuvvuunuka okusoomoozebwa kungi naddala okusobola okufuga emirimu, eby’ensimbi wamu n’okutuukiriza obuvunaanyizibwa bwago. Olw’okubanga SMEs ezisinga zikozesa bwiino na mpapula okukola ebiwandiika byazo, zisanga okusoomoozebwa kwa maanyi mu kugezaako okwekenneenya n’okumanya engeri ebintu bwe bitambula oba bweba ekoze mu kiseera ekigere. Mu ngeri y’emu, enkola eno ebintu by’okusasula emisolo ebifuula bizibu ddala olw’okuba nti ababalirizi b’ebitabo abalungi babeera ba bbeeyi nnyo.  Olw’embeera eyo SMEs zisanga okusoomoozebwa mu kugezaako okufuna okuyambibwa mu by’ensimbi ekiziremesa okuvvuunuka ebizibu eby’enjawulo era ne zikugirwa okukulaakulana.

Okuddukanyiza emirimu mu mbeera ya Ebintu byekola byokka kuyinza kutya okuyamba abasuubuzi mu kaseera ka Ssennyiga omukambwe?

Okukwasaganya emirimu mu mbeera y’ebintu okubeera nga byekola byokka kya mugaso nnyo eri amakolero amatonotono. Enkola ya MYAccounts yakolebwa ng’esobola okukyusa engeri SME gye zikwasaganya ebintu kubanga yo ekukungaanyiza wamu bwino yenna akwata ku mirimu gyo n’osobola okusalawo ku bintu eby’omugaso ng’olina kw’osinziira ekiyinza okuyamba okukulaakulanya emirimu gyo. Enkola eno eyamba abasuubuzi okubeera nga emirimu gyabwe bagirina mu ttaano kubanga buli kikolebwa aba asobola okukyetegereza obulungi.

Enkola eno ekendeeza ku miziziko egibeerawo mu kufuna okuyambibwako mu by’ensimbi okugenza mu kwewola wamu ne Yinsuwa olw’okuba nga ababikolako babeera bwino yenna bamulabako ne kibakendeereza ku katyabaga era nga kino kiyamba SMEs okukendeeza ku ssente e ziteekebwa mu kuddukanya emirimu.

Enkola eno ey’ebintu okwekola byokka ogisanze otya? Tunnyonnyole engeri ebintu bino gye bitambula.

Smart Business Intelligence Ltd  y’akamala emyaka 12 ng’eweereza ate nga yo enkola ya MYAccounts erina emitendera 3 emimpi naye nga migazi ddala, okugiteekateeka kyo kitwala ennaku ssatu. Okusookera ddala, tusooka ne tutegeera engeri gy’obeera okwasaganyamu emirimu gyo n’etuyamba okuba nga tukuzimbira ekintu nga kigya mu mbeera eyo. Eky’okubiri, tukuzimbira ze tuyita zi APP ezizo nga zisobola okukungaanya bwino yenna akwata ku biki ebikoleddwa mu mirimu gyo wamu n’okukulaga obudde obutuufu ebintu mwe bikoleddwa. Ekisembayo kuba kugezesa awo ne tukiteeka mu nkola. Oluvannyuma tusigala tukuwa obuyambi bwonna bw’oba weetaaze. Ebiva mu nkola eno kwe kuba nti weeyongera ebitundu 90% okubeera ng’olaba era n’okumanya buli kigenda mu maasa mu mirimu gyo, okunyweza bizinesi yo ate nga n’okukola alipoota kuba kwangu nnyo. Okulongoosa mu ngeri ebintu gye bikwasaganyizibwamu, okweyongera mu kukola okusalawo okutuufu, kiyamba ku kugoberera wamu n’okugondera amateeka (okugeza aga URA, KCCA n’ebirala) so nga n’okusobola okufuna obuyambi mu by’ensimbi kiba kyangu. Bizinesi zirongooka ssinga z’ettanira enkola eya bwino.

Emiwendo gy’enkola ya MYAccountsTM gyo giyimiridde gitya?

Enkola ya MYAccounts esobolera ddala bulungi okubalirira ebitabo. Ebintu ebiyingizibwa bigendamu byokka, ne byebala byokka ate ne alipoota ne zeekola zokka nga tewali bwetaavu bwa kusasulira mukozi mulala nti abikole. Emiwendo egy’etaagibwa okuteekateeka enkola eno wamu n’okugissa mu nkola giyimiridde bwe giti:

  • Soft ware UGX 150,000 buli mwezi (okutuuka ku bakozesa 10, zisigala zisasulwa)
  • Okutendekebwa UGX 150,000 (zisasulwa omulundi gumu)
  • Okugikuteera ko UGX 100,000 (zisasulwa omulundi gumu)

Okusobola okufuna ekyefaananyiriza kye tukola, omusuubuzi yandibadde asasula omusaala gwa UGX 1000,000 buli mwezi. Ate okusinziira ku bintu nga bwe biyimiridde ku katale mu kiseera kino, kye tukola kiba kisasulirwa USD 500 (UGX 1,900,000) omwezi buli mukozesa.

Eky’omuwendo kiri nti MYAccounts asobola okukolera ku buuma obw’omungala nga essimu ekiyamba okukendeeza ku ssente ezandikozeseddwa okugula ebyuma bi kalimagezi ebinene.

Bizinesi ezisobodde okukozesezza enkola ya MYAccounts zifunyemu ki? Abasuubuzi abalala bo bayiga mu ki?

We twogerera, MYAccounts etuukiridde SMEs ezisoba mu 3,000 okwetooloola eggwanga wamu n’ebitundu ebituliraanye. Obujulizi okuva mu basuubuuzi abakozesa enkola eno bungi ate ekirwadde bwe kyabalukawo, obwetaavu bw’okukozesa enkola y’ebintu okwekola byokka ne bweyongerera ddala. Enkola zaffe ziyambye abazikozesa okusigala nga basobola okumanya ebifa mu mirimu gyabwe wamu n’okufuga engeri gye gitambulamu newankubadde nga waali wassibwawo obukwakkulizo obupya obulina okugobererwa abasuubuuzi olw’okubalukawo kw’ekirwadde kya covid-19.

Olw’okuba basobola okwekenneenya buli kigenda mu maaso mu mirimu gy’abwe mu budde, abakozesa enkola zaffe baasigala bagenda mu maaso n’okukola okusalawo okwetaagisa n’okubeera nga bayiiya engeri gye bayinza okwekwasaganya mu kaseera ng’ebyenfuna biziringitana.

Obujulizi obwaweebwa omu ku bakozesa enkola eno;  ‘MYAccounts etubeeredde ya kabi nnyo mu kiseera kya ssennyiga omukambwe kubanga etuyambye okusigala nga tumanya buli kigenda mu maaso mu mirimu gyaffe wamu n’okukola enkyukakyuka bwe kiba kyetaagisizza. Etuyambye okumanya biki bye tuba twetaaga okusuubula mu kiseera ekyo gattako okwekkenneenya bye tulinawo wamu n’okubibala. Ssinga wabaawo ebitakwatagana kiba kyangu nnyo okukizuula kubanga ebintu byebala byokka mu nkola eno.

Bwe twatandika okukozesa enkola eno, twasobola okuzuula ebyali bitatambula bulungi era mu bwangu ddala ne tukyusa enkola zaffe ebintu ne bitereera. Tusobola okugoberera enneeyisa y’abaguzi baffe; abo be tuba tubanja n’ensasula byonna nga tukozesa tekinologiya wa MYAccounts’. Jackson Were Managing Director wa Jalyz Investments Limited – Bano nga bavunaanyizibwa okubunyisa enkoko za UGACHICK Limited mu Kawempe division.

Obujulizi obulala busange wano https://youtu.be/u9VzSb1797U

 

Okumanya ebisingawo:

Smart Business Intelligence, EMAIL ADDRESS info@sbintell.com  Essimu: 0791 180294 facebook.com/sbintell, twitter.com/myaccountsug

Linkedin: https://www.linkedin.com/showcase/myaccounts-africa/

 

 


Government Measures Issued to Provide Liquidity to Private Firms

President Yoweri Museveni delivered the fifth and last State of the Nation Address (SONA) of the 10th Parliament on 4th June on a wide range of topics including the COVID-19 pandemic and proposals for an economic stimulus package to support economic recovery.

 

The Minister of Finance, Planning and Economic Development on the 11th June during the reading of the National Budget for FY 2020/2021 reiterated the proposals made by the President during the SONA on concrete measures to provide liquidity to private firms that have been affected by the COVID-19 lockdown.

Here is what you need to know:

  • Corporations including small and medium sized enterprises (SMEs) may delay payment of corporate tax or presumptive tax for taxes due between April and June 2020 and for tourism, manufacturing, horticulture, and floriculture until September 2020;
  • Pay-As-You Earn (PAYE) tax may also be deferred by those sectors most affected until September 2020;
  • Interest on tax arrears has been waived;
  • The government will provide support to water and electricity utilities in order to ensure continued supply of these essential services to consumers during the period of April to June 2020;
  • Government will expedite payment of outstanding VAT refunds;
  • Government will make payments on domestic arrears for goods supplied to the government by the private sector;
  • Through the Bank of Uganda, a special liquidity facility to rescue businesses not able to meet operational costs due to low demand or reduced production due to COVID-19 will be created.
  • To ensure that imported goods meet the required health and safety standards, the government has rolled out the use of digital tax stamps in order to reduce importation fraud, under-declaration and to ease customs handling.
  • The government has smoothened volatility in the foreign exchange market arising from global financial markets by injecting more foreign reserves into the Central Bank.

Specific information will be forthcoming related to the implementation of these measures.

Other measures announced include:

  • Capitalization of Uganda Development Corporation with Ug shs 100 billion to enable the government to invest in strategic areas;
  • Boosting funding of Uganda Industrial Research Institute (UIRI) in FY 2020/21 to continue with innovation, research, and incubation of business start-ups;
  • Securing funding for the development of Kampala Industrial Business Park at Namanve and for power transmission and substations for Mbale, Kapeeka, Bweyogerere, Kasese, Soroti, Luzira, Jinja and Mbarara industrial parks; and
  • Providing additional Ug shs 300 billion immediately to boost agricultural production and productivity for seedlings, fertilizers, irrigation, storage facilities and value addition.

Other useful announcements by the President include:

  • Government will not allow landlords to evict tenants on account of not paying rent, although discussions remain underway on this topic; and
  • Food distribution to vulnerable people will continue until the end of the pandemic.

REFERENCE:

  • National budget frame work paper FY 2020-21-0(1)
  • State of the nation address 04th June 2020 by the President of Uganda HE YK.Museveni.
  • National Budget speech FY 2020-21 on 11th June 2020 by Minister of Finance ,Hon Matia Kasaijja


(EVENT) Attend the Canton Fair Virtually

Stanbic Bank Uganda encourages all businesses in Uganda who buy overseas to attend this exciting virtual trade fair!

China Import and Export Fair, also known as Canton Fair, was established in 1957. It is held every spring and autumn in Guangzhou, China. Canton Fair is a comprehensive international trading event with the longest history, the largest scale, the most complete exhibit variety, the largest buyer attendance, the broadest distribution of buyers’ source country, and the greatest business turnover in China. Up to the 126th session (63 years), the accumulated export volume has amounted to about USD 1.4126 trillion and the total number of overseas buyers has reached 8.99 million. Now, the 127th Canton Fair has been held online from June 15 to June 24. It is the first online exhibition in 63 years. There are 50 exhibition areas for 16 categories of commodities, and an online foreign trade platform is set up to provide promotion, procurement, online communications, and other services.

Why the Canton Fair

  • High level – China Import and Export Fair, also known as Canton Fair, is co-hosted by the Ministry of Commerce of PRC and the People’s Government of Guangdong Province and organized by China Foreign Trade Centre.
  • Longest history – Canton Fair is established in 1957, held every spring and autumn in Guangzhou.
  • Comprehensive – China. Canton Fair is a comprehensive international trading event with the largest scale, the most complete exhibit variety. There are 50 exhibition areas for 16 categories of commodities in the ongoing 127th Canton Fair.
  • Productive – Up to the 126th session, the accumulated export volume has amounted to about USD 1.4126 trillion and the total number of overseas buyers has reached 8.99 million.
  • Easy connect – The 127th Canton Fair has been held online from today to June 24. It is the first online exhibition in 63 years.
  • See friends – with this digital platform, you could easily find your old friends and meet new partners online.
  • Latest technology – The platform provides various innovative functions like “live stream”, “instant communication”, “ face to face meeting” to give a fresh experience.

Why the Canton Fair

The future is coming, let’s start embracing the “New Normal” and have our own digital opportunity now.

  1. You can register and attend the Canton Fair as Oversea Buyer on the below official linkage. https://buyer.cantonfair.org.cn/en/register/selectiveId?invitationCode=05390000- 00b9-5254-3f0b-08d80df609c5 New users can register by filling personal and company information.
  2. After login, you can search interested exhibitor or exhibit on the homepage. Enter company name or booth number to find your old partner. You can submit sourcing request of a specific exhibit directly or go to Supply & Demand Hall to do so and the system will match exhibits for you. You can also schedule an appointment with an exhibitor to talk in a face-to-face video meeting.
  3. Click “Exhibitor on Live” to watch exhibitors’ live streaming, subscribe to it and replay. Buyers can invite friends to register and attend by sending exclusive “i-Invite” link in the Buyer Service Platform.
  4. Come experiencing the innovative integration of China’s oldest trade fair and the latest Internet technology.

Want video instruction? Click: https://www.cantonfair.org.cn/en/news/article/5ee4b7a106206f3fec4a6833


I cannot sustain the same level of staff employment during COVID-19. What is the government’s position on this, and how can I make the right decision for my business and my employees?

The Ministry of Gender Labor and Social Development (MOGLSD) issued a statement on the effects of COVID-19 and employment. The address touched on issues to do with labor relations between employers and employees. 

Here is what you need to know:

The Minister of Gender, Labor and Social Development, Hon. Frank Tumwebaze, convened a tripartite meeting including government, workers (represented by the National Organization of Trade Unions and the Central Organization of Free Trade Unions), and employers (represented by the Federation of Uganda Employers). Participants addressed and agreed upon a number of issues regarding the effects of COVID-19 on employment. The meeting indicated that given the COVID-19 pandemic is a temporary occurrence, the situation calls for patience and mutual understanding between and among workers and employers, not-withstanding legal obligations.  Accordingly, the Tripartite Meeting agreed on measures and guidance as follows: 

  • Where possible, employees should be encouraged to work from home to reduce overcrowding at the workplace but also as a measure aimed at decreasing overhead costs at the workplace; 
  • Employees should be encouraged to take pending annual leave where possible;
  • Employers are encouraged, to the extent possible, not to terminate employees, which will make resuming operations a challenge and poses an additional cost to employers in the form of payment of terminal benefits. v) Sectors not affected adversely by the COVID-19 pandemic like manufacturing, food processing and others should not arbitrarily cut staff wages or lay off staff. 

In the event that termination is inevitable, 

  • Employers and employees are encouraged to negotiate/renegotiate wages before considering lay-offs; 
  • Employers should strictly adhere to the law (Sections 58, 65 and 81 of the Employment Act, 2006, as well as Regulation 44 (a) and (b) of the Employment Regulations, 2011);
  • Employers should try as much as possible to take care of the basic needs (e.g. food) for the workers they lay-off. 
  • Employers must provide information on the number of workers whose employment relationships have been affected or are likely to be affected during the COVID-19 pandemic, which will be used by the government for policy advice and planning.

For its part, MOGLSD is engaged in a number of activities aimed at supporting employers and employees in navigating the challenges posed by the pandemic. These include: 

  • Tasking the COVID-19 National Taskforce with devising a means of targeting and prioritizing the most vulnerable categories of workers who have been laid off or terminated to benefit from food being distributed;
  • Addressing on a case-by-case basis complaints raised by part-time workers and other workers who by the time of the COVID 19 lockdown, had no contracts and were sent home without payment of what was due to them as at the time of the lockdown; and
  • Planning for a Rapid Assessment on the effects of COVID-19 on labour, employment, and productivity, resulting in the development of a Labour Market Risk Management Plan. 

The Tripartite Meeting also agreed to contact Parliament to expedite the process of considering the amendment of the NSSF Act as one of the instruments to address the social security needs of the contributors.

For further information contact: The Ministry of Gender, Labor and Social Development; www.mglsd.go.ug, Email: ps@mglsd.go.ug, Tel: 0414347854/0414347855, the National Organization of Trade Unions, (NOTU); www.notu.or.ug, Tel: 0414256295, the Central Organization of Free Trade Unions, (COFTU), and Federation of Uganda Employers, (FUE) www.fuemployers.org,   Tel +256 392 777 410, Email: info@fuemployers.org 

Minisitule y’ekikula ky’abantu n’abakozi yayisa ekiwandiiko ku bizibu byetufunye mu biseera bya COVID-19 n’emirimu. Ekiwandiiko kyaali kinnyonnyola ebikwaata kunkolagana wakati w’omukozi n’omukozesa.

Bino byolina okumanya:

Minisita w’ekikula ky’abantu emirimu n’enkulakulana y’abantu Hon. Frank Tumwebaze yategeka olukungana wakati wa gavumenti, abakozi (nga bakiikirirwa National Organization of Trade Unions and the Central Organization of Free Trade Union), abakozesa (nga bakiikirirwa ekibiina ekigatta abakozesa). Abateesa ne bakkaanya kubintu ebiwerako ebikwaata ku COVID-19 n’emirimu. Olukiiko lwakkaanya nti olwokuba COVID-19 aliwa kaseera buseera, walina okubaawo obuguminkiriza n’okutegeeragana wakati wabakozi n’abakozesa nga bwebakimanya nti waliwo amateeka agafuga enkolagana yaabwe

Bino byebimu kubyebakkanyaako

  • Wekisoboka, abakozi bakolere awaka okweewala omujjuzo mubifo gyetukolera naye ate era nga kkubo mwetuyinza okuyita okukendeeza kunsasaanya mubifo gyetukolera
  • Abakozi bagambibwe okutwaala leave zaabwe zebandibadde batwaala mu mwaka
  • Abakozesa baasabibwa nti bwekiba kisoboka tebandiwummuzza bakozi kubanga ate emirimu bwejinaddamu ate omukozesa ajja kuyita mukusoomozebwakungi n’okukozesa ensimbi nnyingi mukusasula akasiimo kabakozi beyawumuza.
  • Emirimu egitaakosebwa nnyo mu covid-19 nga amakolero, n’amaloongooseza g’emmere tebandiwummuzza bakozi.

Bwekiba nti okuwummuza abakozi tekyeewarika,

  • Abakozi n’abakozesa balina okuteesa ku nsonga y’omusaala nga tebannabasalako
  • Abakozesa balina okugoberera amateeka, Sections 58, 65 and 81 of the Employment Act, 2006, as well as Regulation 44 (a) and (b) of the Employment Regulations, 2011);
  • Abakozesa balina okulaba nti bakola kunsonga y’ebikozesebwa mubulamu bwabakozi nga emmere nga tebannaba kuyimiriza bakozi
  • Abakozesa balina okufuna ebikwaata ku bakozi baabwe nga ennamba y’abakozi nga emirimu gyaabwe gikoseddwa mu biseera bino ebya COVID-1. Bino bigenda kukozesebwa ebitongole bya gavumenti mukuteekerateekera abantu

MOGLSD nga yyo yeenyigidde mu bintu bingi ebiyamba abakozi n’abakozesa okuyita mumbeera eno. Mubyo mulimu

  • Okusaba COVID-19 National Task Force okulaba nga bayamba abantu abasing okuba mu mbeera eno okubanti beebasooka okufuna ku mmere egabibwa.
  • Okukola ku nsonga ssekinnoomu ezikwaata ku nsonga z’abakozi abatalina ndagano nebabayimiriza ku mirimu nga tebabasasudde nsimbi zaabwe zebaali babanja nga ekizibu tekinagwawo
  • Okuteekateeka ngeri ki gyebagenda okudduukiriramu ku bakozi obakoseddwa nga bafiiriddwa emirimu, nga tebakyaakola bulungi

Olukiiko luno era lwakkiriza okutuukirira palamenti okwanguyiriza ennongoosereza mutteeka lya NSSF sente abakozi zeebeeterekera zisobole okubayamba mubiseera nga bino

Okumanya ebisingawo tuukirira: The Ministry of Gender, Labor and Social Development; www.mglsd.go.ug, Email: ps@mglsd.go.ug, Essimu: 0414347854/0414347855, National Organization of Trade Unions, (NOTU); www.notu.or.ug, Essimu : 0414256295, Central Organization of Free Trade Unions, (COFTU), ne Federation of Uganda Employers, (FUE) www.fuemployers.org,   Essimu +256 392 777 410, Email: info@fuemployers.org


How can Xente help entrepreneurs take their businesses online during COVID-19?

The COVID-19 Business Info Hub spoke with Allan Rwakatungu, Partner at Xente, to understand how businesses can digitalize.

How important is it for business owners to take their businesses online during COVID-19 and what are some practical ways to do that?

It’s important to register your business online especially during COVID-19; it’s so much easier and more convenient to trade or transact online as the majority of customers cannot come to you to buy and may not use cash for payment during this pandemic. We advise those that have not thought about it to start immediately.

What is the process for taking a business online?

– Identify the digital platform you want to use to sell your product (e.g., Jumia, Safe Boda, Xente)

– Download the appropriate app (Xente is available on the App store)

– Upload your products and prices

– Market your products using social media platforms 

How do business owners get paid? 

Platforms pay weekly, daily or monthly. At Xente we are working on paying our customers as quickly as we can, and in the future, we shall be providing credit to people depending on their sales volume for them to buy inventory.

We have heard that over 600 companies have gone online during COVID-19. What has Xente’s experience been?

Most businesses realized that going online is a necessity for today; for example, at Xente, we realized a rise in the number of companies registering. This increase came mainly from those with whom we had already initiated the process but who had not yet completed it; we saw them coming back on board. During this period, we have added 50 businesses and now have a large pipeline. We are reaching out to partners for help and are working with the Innovation Village to quicken the process of on-boarding, training, etc. 

We heard that Xente is planning to offer free digitizing services to businesses. Can you tell us about that? What has Xente’s experience been so far with this?

When COVID-19 started, many businesses went into difficulty, and only businesses operating online would survive. For companies that are “Buy Uganda Build Uganda” we are on-boarding them for free. Innovation Village joined us to quicken the digitization process. 

What is the process of onboarding onto Xente and what concerns are there around cyber security?

As a business, Xente digitizes a business’ sales. We consider tangible products and not services. We have a discussion with businesses and identify their products and prices and talk to business owners to onboard them onto Xente. Previously, the process was a bit manual, but now we are automating it such that business owners can even do it themselves online. We also digitize the payments, so there is no physical cash handling. 

What are some of the costs business owners can expect with starting e-Commerce activities? At this time, when businesses are already facing difficulties, what are the benefits?

The direct costs of e-commerce are actually low. In other countries, there is a listing fee for onboarding, but this is not the case in Uganda yet. At Xente, we onboard business owners for free. 

Costs include commissions on sales to the digital platform / service provider (usually 6% to 20% of sales), marketing costs from digital advertising on Facebook and other channels, phone, computer, and internet, and training of staff on order fulfillment. Despite these costs, operating online, an entrepreneur incurs one-tenth of the cost one would incur while operating a normal business.

SMEs need visibility online to generate leads. How does Xente advise entrepreneurs to achieve this?

Entrepreneurs should educate themselves on the tools that are out there. The most basic tool is Facebook, so list products and prices on Facebook and WhatsApp. This can be done under “Status.” Platforms like Xente, Jumia, and Safe Boda are also useful for promotion. Businesses may not need a separate website at the start. I believe in starting small and in the most effective way.

How can SMEs contact Xente for support?

SMEs can reach Xente via email at sellers@xente.co and via the web at www.xente.co/sellers. On the site, there is a registration form that business owners can fill out to start the onboarding process. We have a consumer app and a seller app that are in development and will be out in a few weeks.

Entabiro ya bizinensi mu biseera bino ebya COVID-19 yayogeddeko ne Allan Rwakatungu, owa XENTE okutegeera ngeri ki bizinensi gyeziyinza okukozesa omutimbagano. Twaabuuzizza aba Xente okugabana naffe kungeri bannanyini bizinensi gyebayinza okuteeka emirimu gyaabwe ku mutimbagano.

Kiyambaki bannannyini bizinensi okuteeka byebakola ku mutimbagano mukaseera kano aka COVID-19 era tulage engeri ezilabwaako mwebaynza okuyita okukola kino

Kikulu okuwandiisa bizinensi yo kumutimbagano mu kaseera ka COVID-19. Kirungi okuteeka eby’amaguzi byo ku mutimbagano kubanga abantu naddala ba kasitomaabo tebasobola kujja wotundira okusubula oba tebakyaayagala kukozesa nnyo sente nkalu nga basasula olw’ekirwadde. Tuwa abo bonna abatannatandika amagezi bakirowoozeeko mubwangu ddala.

Mitendera ki egiyitibwaamu okuteeka bizinensi ku mutimbagano?

– Zuula omukutu gyoyagala okukozesa okutundirako eby’amaguzi byo (nga; Jumia, Safe Boda, Xente)

– Omukutu guno gufune oguteeke ku ssimu yo (Xente kweeri ku App store)

– Teekako eby’amaguziibyo

– Tandika okulanga ebyamaguziibyo ku mikutu gya social media

Kati nannyini bintu asasulwa atya?

Emikutu gino gisasula buli week, buli lunaku oba buli mweezi. Ku Xente, tukola kukyookusasula ba kasitoma baffe mangu ddala nga bwekisoboka. Mumaaso awo tujja kuba tugaba n’amabanja okusinziira ku bungi bw’ebintu byatunda basobole okuddayo basuubule.

Tutegeddeko nti amakampuni agasoba mu 600 gamaze okweyunga kumutimbagano, ku Xente kibadde kitya?

Bizinensi nnyingi zikizudde nti okugenda ku mutimbagano kyekiriwo olwa leero. Okugeza ku Xente, tukilabye nti omuwendo gw’amakampuni agewaandiisa gweyongedde. Kino kizzeewo olw’amakampuni amanji agaali gatandise kunteekateeka eno naye negatamaliriza. Twaatandika okulaba nga bajja okutweegattako. Mukiseera kino tugasseeko kampuni 50 ate naabalala bangi bali mu nteekateeka. Tugezaako n’okwoogera ne banywanyi baffe abalala okutuyambako era tukolagana ne innovation village okwanguyaako ku kutendeka abantu.

Twawulirako nti Xente etegeka okuteeka bizinensi ku mutimbagano ku bweereere. Oyinza okututangaaza ku nsonga eno? Bbyo bitambudde bitya kati wano wetuli?

COVID-19 bweyajja, bizinensi nnyingi zaafuna obuzibu era ezo zokka ezaali zikolera kumutimbagano zeezaasobola okusigala nga zikola. Kampuni eziri ku mulamwa gwokugula n’okukozesa ebintu ebikolebwa wano, tuziteekako ku bweereere. Aba innovation village baatweegattako okwanguya enteekateeka eno.

Tuyita mumitendera ki okweegatta ku Xente era omuntu yeewala atya ababbi b’okumitimbagano?

Nga bizinensi, Xente eteeka ebitundibwa ku mutimbagano. Tukola ku bintu ebikalu soosi obuweereza. Tuwayaamu ne bizinensi netuzuula oby’amaguzi byaabwe n’emiwendo olwo netusaba ba nnannyini okweegatta ku Xente. Okusooka, twabikolanga nabantu naye kati ebyuuma byeekola byokka era kati bannannyini bizinensi basobola n’okukyeekolera bokka ku mutimbagano. Ensasula nayo eri kumutimbagano, teri kukwaata ku nsimbi.

Kyeetaagisa sente meka bannannyini bizinensi zebasasula okweegatta ku mutimbano? Mukiseera kino nga bizinensi  ziri mu bizibu, bafunamuuki?

Ebisale by’okukolera bizinensi ku mutimbagano biri wansi nnyo. Mu mawanga amalala, waliwo olukalala lw’ensimbi ezilina okusasulwa okusobola okweeyunga ku mutimbagano naye kino mu Uganda tekinnatuuka. Ku Xente, bannannyini bizinensi tubateerako bweereere. Mubisale byebalina okusasula mulimu, commission ku byotunze, wakati wa (6% ne 20%), sente z’okulanga ku facebook n’emikutu emilala, ku masimu, computer, ne kumutimbagano. Okutendeka abakozi. Nga ojjeeko ebisale bino, okuddukanya emirimu gyo ku mutimbagano, omuntu akozesa sente ebitundu 1/10 kusente zeyandibadde okozesa nga okola bizinensi mungeri eyabulijjo.

Bizinensi entono zeetaaga okulabibwa ku mutimbagano okusobola okufuna bakasitoma. Bannanyini bizinensi, Xente ebawa magezi ki okusobola okutuuka ku kino?

Bannanyini bizinensi balina okweyigiriza ku bikozesebwa ebyeetaagisa. Ekisinga obwangu ye Facebook. Teeka byotunda n’emiwendo gyaabyo ku facebook ne ku whatsapp. Bino osobola okubiteeka ku status yo, emikutu nga Xente, Jumia, ne Safe boda najo milungi mukulanga. Oyinza obuteetaaga website nga otandika. Nzikiririza mukutandika akatono naye nga katambula.

Kati bizinensi zino entono zifuna zitya obuyambi bwammwe?

Ku email sellers@xente.co ne ku website yaffe www.xente.co.sellers . ku maka gaffe waliwo ffoomu kweweewaandiisiza okutandika enteekateeka y’okweeyunga ku mukutu. Tuli app yabagula ne app endala eyabatunda zetukolako era zijja kuba ziwedde mu sabbiiti ntono.


I have rent arrears. How can I negotiate with my landlord?

If you have rent arrears, you are not alone. This is a very sensitive discussion, which recently got the attention of the President, who during his 13th address on the COVID-19 pandemic asked landlords to allow tenants to defer/postpone and reschedule payment of their monthly rental fees to when business resumes. Following the Presidential directive, some landlords have accepted the President’s request to reschedule the payment of rental fees but have declined to write off the arrears occasioned by the ongoing lockdown in the country due to their own responsibilities, which include property tax and ground rent due to government.

For their part, traders have raised fears that arrears might accumulate if the lockdown is not lifted to allow them open shops and make sales to clear debts. Kampala City Traders Association (KACITA) Chairperson Evarist Kayondo said the only way to save traders amid the COVID-19 crisis is to write off the collection of rental arrears. Enabling traders to resume operations on a fresh payment schedule would allow those that might otherwise close shop permanently to remain open. KACITA recently sought the Prime Ministers intervention on rent accumulated during lockdown, insisting that government pay part of rent owed by businesses through the government stabilization fund, and to declare the situation a force majeure and the three-month COVID-19 lockdown as a loss to the economy.

Discussions are ongoing between KACITA, landlords, and the government.

What solutions are available for me?

  • Negotiate with your landlord for terms of postponement of your rent arrears to an acceptable time period. Make sure to have these terms legally supported and recorded.
  • Reach out to your umbrella tenant organization if available and work with other government agencies such as the Ministry of Kampala and Kampala Capital City Authority to follow the proper guidelines in place and to ensure that your position is aligned with the agreement that will likely be negotiated by government between tenants and landlords.

Contact KCCA at: www.kcca.go.ug, Tel: 0800990000/0204660000. Email: info@kcca.go.ug

Bwebaba bakubanja ez’ennyumba, toli wekka. Ensonga eno nkulu ddala era n’omukulembeze w’eggwanga yamutuuseeko. Mukwoogera okw’omulundi ogwa 13 ku nsonga za COVID-19, yasaba ba nnannyini mayumba bakkirize abapangisababwe bongezeeyo ebbanga mwebanaasasulira sente zino okutuusa nga emirimu jizzeemu. Abamu baawulira ekiragiro kya president nebakkiriza ekiteeso kino naye baganye okufuluma ekiwandiiko ekisonyiwa abapangisa ababdde batasasula mu biseera bya COVID-19 nga bagamba nti nabo balina obuvunanyizibwa bwebalina okutuukiriza nga emisolo gya gavumenti

Ku ludda lwaabwe, abasuubuzi balaze okutya sente ziyiinza okweeyongera singa omuggalo tegujjibwaawo mangu basobole okuggula amaduuka ggabwe. Sentebe wa KASITA omwami Everist Kayondo yagamba nti engeri yokka egenda okuyamba abapangisa kwekubasonyiwa sente zebabanjibwa. Okusasula sente z’obupangisa nga alimudduuka eppya, kiyamba emirimu emitonotono ejandibadde jifa okuddamu okugulawo. KASITA era yayogerako ne katikkiro wa Uganda kunsonga ya ssente z’obupangisa ezitaasasulwa nga bagamba nti gavumenti yyo yaandisasudde sente zabantu bano nga bayita mu stabilization fund era ekiseera kino bakilangirire nga ekikola ekivudde ku mbeera y’obutonde n’omuggalo guno ogumaze emyeeki 03 bagambe nti gubadde gwa loosi. Enteeseganya zigenda mmaaso wakati wa KACITA, ba landloodi negavumeti

Kati biki byensobola okukola?

– Teesa ne nnannyini nnyumba okuweeyo ebbanga mwoyinza okusasulira ebbanja ekkadde. Laba nti byonna bwookola biri mu tteeka era biwandiikibwa

– Nonya ekitongere oba ekibiina ekigatta abapangisa olwo mukolaginire wamu mutuuse eddobozi lyammwe ku bitongole nga ebyobulamu, KCCA ogoberere bulungi ennambika era weekuumire mukumanya kubiki ebiyinza okuteesebwaako kunkolagana wakati wa bannyini mayumba n’abapangisa. Tuukirira KCCA: kcca.go.ug, essimu: 0800990000/0204660000. Email: info@kcca.go.ug


 (WEBINAR) Re-opening in a Post COVID-19 Environment: Practical Solutions for SMEs 

CLICK HERE TO WATCH THE WEBINAR

Please note that the webinar will not be accessible until 4:00pm on Tuesday, June 16th


Re-opening in a Post COVID-19 Environment:

Practical Solutions for SMEs 


 

The COVID-19 Business Info Hub is launching a webinar series to provide practical advice and solutions for small and medium enterprises (SMEs) through engaging discussions with expert panelists. The first session, Re-opening in a Post COVID-19 Environment: Practical Solutions for SMEs will be held on Tuesday, June 16th at 4.00 pm. The webinar will provide SMEs and industry stakeholders an opportunity to discuss the ”new normal” and share practical solutions that can help the sector in this time of crisis. 

Panelists include Gideon BadagawaExecutive Director of the Private Sector Foundation Uganda (PSFU)Daniel BirungiExecutive Director of Uganda Manufacturers Association (UMA), and Hope Sharon KwiyocwinySales and Marketing Manager of HMH Rainbow Limited, YO KUKU. The session will be facilitated by Tony OtoaExecutive Director of Stanbic Bank Business Incubator, and hosted on Blue Jeans. The session is open to ALL, irrespective of the financial institution you bank with!

The webinar comes at a critical time. Uganda has been on lockdown following the COVID-19 pandemic for close to three months, resulting in a myriad of challenges for SMEs, including disruptions in the supply chain, income loss, and changing work environments. A socio-economic impact assessment of COVID-19 on the formal sector and SMEs by the United Nations Capital Development Fund (UNCDF) conducted in April 2020 reveals that 85 percent of all businesses anticipatefinancial distress after three months of lockdown. The expectation of loss is at least 90 percent across companies of all sizes.

The plight of SMEs during COVID-19 poses significant challenges to the Ugandan economy. As the engine of growth for economic development, innovation, and wealth creation, SMEs employ over 2.5 million people in Uganda and account for approximately 90 percent of the entire private sector, generating over 80 percent of the manufacturing output that contributes 20 percent of the gross domestic product (GDP).

With this in mind, Stanbic Bank Uganda has deliberately prioritized efforts to support the SME sector in their time of need. In partnership with ConsumerCentrix, Stanbic Bank Uganda has launched the COVID-19 Business Info Hub – a website dedicated to providing useful, practical information on key interventions including business training, useful government directives and industry interviews to enable SMEs to stay afloat during COVID-19. 

We look forward to engaging with you on this relevant discussion towards practical solutions for SMEs. 

For desktop users please click on this link: https://bluejeans.com/268588245 to join the webinar which will automatically take you into the webinar through the Blue Jeans application. We recommend using Blue Jeans on your desktop for a superior and simpler user experience (this line may or may not be necessary to add).

If you are not able to join through desktop, here is how to join the meeting using your mobile phone:

You’ve been invited as a guest to attend a Blue Jeans video meeting. To join from your Android or iOS phone (or tablet), follow the instructions below (you do not need to sign up for your own BlueJeans account.):

First download the BlueJeans app, directly from Google Play or Apple store (these links also found at bluejeans.com/downloads), or

  1. Click the meeting URL link from your calendar invite
  2. Click “Join with the app”
  3. Click to install the BlueJeans app
  4. Press Install, from the Google Play or Apple app site
  5. The BlueJeans app is now installed on your phone

Then to join the meeting

  1. Click the meeting URL link from your calendar invite
  2. Click “Join with the app”
  3. With the blue jeans app, already installed, you’ll arrive in a page where you can enter your name or disable your video (if you choose). Press the green “Join Meeting” button.
  4. Click OK If you are asked to allow BlueJeans to access your microphone or camera, or push notifications:

-If your wifi signal is “spotty” (i.e. your audio and/or video images are not good):

-move to an area with a stronger signal, closer to your wifi access point

-swipe the whole button upwards to switch into low bandwidth mode- your camera will be turned off and you will not see any participants- this preserves the limited bandwidth for audio only (you will see screen shares, if they are shown)

-and to improve your audio further, wear earbuds, especially if using android

Etiquette

Attendees will “raise their hand” if they want to interact live in the meeting (be able to speak and be seen): Click the hand, then click “Send Request” to interact live (the Moderator will then review your request). If approved, you’ll receive a confirmation. Unless you are asking a question, please keep your audio to mute throughout the duration of the webinar.

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