Uganda Investment Authority

Engeri ekitongole ki Uganda Investment Authority (UIA) gye kiyambamu abakyala abasuubuzi okubeerawo mu kiseera kya nnawookeera wa Covid-19

Engeri ekitongole ki Uganda Investment Authority (UIA) gye kiyambamu abakyala abasuubuzi okubeerawo mu kiseera kya nnawookeera wa Covid-19

Omukutu gwa Covid-19 Business Info Hub gwayogerako ne Winnie Lawoko-Olwe ono nga y’akulira amakolero wamu n’eby’obusuubuzi ebitonotono (SMEs) ku Uganda Investment Authority (ekitongole ekivunaanyizibwa ku by’okusiga ensimbi mu ggwanga) nga twagala okumanya engeri ekitongole kino gye kiyambyemu abakyala abasuubuzi okuyita mu nnawookeera.

Ernest Wasake: Tukusaba weeyanjule era otubuulire ne ky’okola ku Uganda Investment Authority

Winnie Lawoko-Olwe:  Nze Winnie Lawoko-Olwe era nga nze nkulira obukolero wamu n’eby’obusuubuzi ebitonotono ku Uganda Investment Authority.

Ernest Wasake: Omukutu gwa Covid-19 Business Info Hub gutunuulidde okussa essira ku ngeri abakyala abasuubuzi gye basobodde si kubeerawo bubeezi wabula n’okuyitimuka mu kiseera kya nnawookeera. Tubuulire ku bikukwatako era ne ky’okola ku Uganda Investment Authority (UIA). Osobodde otya okubeerawo wamu n’okuyitimuka ku kiseera ky’olumbulege?

Winnie Lawoko-Olwe: Covid-19 yajja ng’ekyewuunyisa eri buli muntu. Ate olw’embeera y’amateeka n’ebiragiro ebyassibwawo okugobererwa mu kiseera kino, kyali kyetaagisa okulowooza okw’amangu wamu n’okukyusa enkola embagirawo.  Nga UIA, twatandikirawo okukola okunoonyereza era bizinesi eziwera nga 385 ze zaagezesebwa nga 30% zaali SMEs. Ate ku 30% ezo, 32% zaali za bakyala.

Tukimanyi bulungi nti eby’enfuna bya SME mu Uganda bitambulira nnyo ku nsimbi enkalu. Ekirwadde kyakosa abakyala abasinga era ne bafuna okusoomoozebwa ku ngera gye batemaatemamu ssente ez’okuddukanya emirimu wamu n’ez’okulabirira amaka gaabwe.

Mu kupimaapima, kyazuulibwa nti bizinesi zaali zinyigiriziddwa nnyo era nga zeetaaga okwongerwamu ku ssente. Era kyazuulibwa nti walina okubaawo ekikolebwa okusobozesa bizinesi zino okukyusa enkola zaazo okuva mu kutunda ebintu obutereevu ku nguudo badde mu nkola ey’okuweerezeganya ssente ku ssimu, okuzimba enjegere ezituusa ebintu ku bantu wamu n’okukola ebintu ebyo abaguzi bye basinga okwetaaga.

Mu nkola eya “Rising Woman campaign”, UIA etunuulira engeri gye tuyinza okutwalamu bizinesi z’abakyala ku mutendera oguddako-ogw’okukolera ku mutimbagano nga muno mulimu okunoonya akatale wamu  n’okusasulira ku byuma mu kifo kya ssente enkalu. Kaakano okutendekebwa kugenda mu maaso era nga tusuubira okuvaayo n’enkola entuufu mu mbeera y’okukwasaganyiza emirimu ku mutimbagano.

Ernest Wasake: Investment authority eyambye etya obukolero n’eby’obusuubuzi ebitonotono mu kiseera kya nnawookeera.

Winnie Lawoko-Olwe: Mu kiseera kino ekya nnawookeera, ekimu ku bisoomooza eby’amaanyi bye tulina kwe kuba nti amateeka agassibwawo okugobererwa (SOPs) gassa ekkomo ku muwendo gw’abantu be tusobola okuyamba. Mu kitundu ky’obulwadde ekyasooka, amateeka gaali gatukkiriza okuyamba abantu abatasukka 10 ne kitulemesa okutuuka ku balala. Olw’obukwakkulizo obwo, UIA etandise enkola ey’okutendeka abakulembeze b’ebibiina by’abakyala nga bano bwe baddayo ne basomesa bannaabwe ebyo ebiba bibayigiriziddwa. Okutendekebwa nakwo kukendeezeddwa okuva ku kubayigiriza okutondawo wamu n’okuddukanya emirimu ne kudda ku ngeri y’okunoonyamu obutale. Tutunuulidde engeri y’okuddukanyiza emirimu ku mutimbagano era n’okukozesa ebyuma bi kalimagezi.

Ernest Wasake: Olinawo obujulizi obwa bizinesi eziyitimuse mu kiseera kya nnawookeera era kiki kye tuyinza okuziyigirako?

Winnie Lawoko-Olwe: Bwe kiri, tulinawo zi bizinesi eziyitimuse era ezo zisobodde n’okwegatta ku nkola ey’okuddukanyiza emirimu ku mutimbagano. Tulina abakyala banji abakola eddagala eritta obuwuka (sanitayiza) wamu n’emmere era nga kaakano beeyunga ku mukutu gwa Zimba mart (mukutu oguli ku mutimbagano nga gwatondebwawo ekitongole kya Zimba Women). Ka ngambe nti Zimba Women kye kimu ku bitongole bye tusuubira nti bijja kuyamba nnyo abakyala okubatwala ku mutendera oguddako kubanga  kyatandikibwa bakyala abategeera obulungi embeera  z’omukyala wamu okusoomoozebwa kwonna abakyala kwe basisinkana.

Ekibinja eky’okubiri kye tukola nakyo kiyitibwa “Business and Professional women” ab’ettabi lya Kampala era nga bano batuukirira ebibiina by’abakyala eby’enjawulo n’okubayamba okuzuula ekiseera ekituufu we basobolera okutunda ebyamaguzi byabwe ku mutimbagano.

Ernest Wasake: Kiki ekiyinza okukolebwa okwongera ku muwendo gw’abakyala abenyigira mu by’obusuubuzi mu Uganda?

Winnie Lawoko-Olwe: okusobola okwongera ku muwendo gw’abakyala abenyigira mu by’obusuubuzi mu Uganda, tulina okusooka okuzuula ebintu eby’enjawulo ebisobola okukolebwa tusobole okwewala embeera y’abakyala abanji okwenyigira mu kintu ekimu. Njagala njogere ku bintu ebikulu bisatu abakyala bye batera okusisinkana: Ekisooka, basobola batya okutema empenda ezinaabasobozesa okukula, eky’okubiri okuyiga engeri gye basobola okuteekamu ekitono nga baddukanya emirimu gyabwe, eky’okusatu kwe kufuna okuyambibwakomu by’ensimbi mu ngeri esoboka era etunuulira obusobozi bw’omuntu obw’omunda.

Nkimanyi nti enkola ya Stanbic Bank eya Business Incubator ekoze bulungi mu kukwasaganya ebintu ebyo, naye bwemba omukyala omusuubuzi abeera e Busia, nnaalaga wa okufuna okumanyisibwa okwo? Wano nze nsuubira nti we wali ekinyusi – okufuna omukutu ogugatta eggwanga lyonna, nga buli mukyala wonna waali asobola okufuna okumanyisibwa kwonna kwe yeetaaze ng’anyiga bunyizi peesa n’asobola okuzuula abantu b’ayinza okukolagana nabo. N’ekisembayo be bantu be tulabirako – kino kitegeeza nti tutunuulira abakyala abatuuse ku buwanguzi mu bintu eby’enjawulo ne bafuuka eby’okulabirako wamu n’okukulembera bannaabwe.

Ekirala, ndowooza nti waliwo omuwaatwa mu mbeera y’okuteekawo ssente ez’enjawulo okuyambako abakyala aba SMEs. Bwe twogera ku nkola y’emyooga eriwo ensanji zino(enkola ey’okweggya mu bwavu), kyetaagisa omuntu okweyunga ku kibinja so ng’ate oba tosobola kweyungako nga SME. Nga SME, kyetaagisa n’oba ng’osobola okugenda awantu wonna ne bakupimaapima nga basinziira ku busobozi bwo, akatale k’olina wamu n’engeri gy’ogenda okuyitamu okusobola okubikozesa obulungi. N’olwekyo nze nsuubira nti ebyo bye bintu eby’enkizo ffe nga Uganda Investment Authority bye tusaana okussaako essira tulabe nga tubitereeza.

Ernest Wasake: Ng’omuntu, magezi ki g’oyinza okuwa omukyala okumuyambako okwekulaakulanya?

Winnie Lawoko-Olwe: Ng’omuntu, nnyambyeko Vantage Communication ne Zimba women ku ngeri gye basobola okukulaakulanya buzinesi zaabwe okusinziira ku mbeera. Ebitongole byombi bikola ebintu ebirungi era byasobola okutuukiriza obukwakkulizo obwetaagisa mu kuteekateeka embeera eddukanyizibwamu emirimu. Amagezi wano gali nti; ggwe musuubuzi, bizinesi ogimanyi era omanyi ne ky’ogyetaaga mu.  Ddamu olowooze kungeri gy’oyinza okugaziyaamu bizinesi yo. Osobola okugigaziya okutuuka ku mutendera kw’ogyetaaga ku lulwo? Bw’oba osobola, awo ky’okola kijja kusigala nga kintu kya njawulo ekigulwa abantu abatonotono so ng’ate abakyetaaga bayinza okuba nga banji. Ekikulu kye tutunuulira kiri nti; manya obusobozi bwo we buli era obunywerereko. Eky’okubiri, tunuulira ebikolebwa. Bwoba oleeseyo ekyenjawulo, oyiyiizzayo engeri ey’enjawulo gy’onoyitamu okufuna akatale? Kiki kye weetaaga okukola? Olina kitunzi? Weetaaga omuntu anaakukwasaganyiza eby’enfuna? Bw’oba omaze okwekkaanya emitendera gino emikulu mu bizinesi, awo obeera ojja kusobola okuzuula omuntu omutuufu anaakuyambako mu kugiddukanya. Bwoba tolinaayo muntu yenna ow’omunda, olwo obeera onookikwasaganya otya? Ekyo kitegeeza nti ogenda kuwandiikayo abakozi. Ebintu by’okola osobola okubissaako omuwendo? Bw’oba omaze okubiwa omuwendo, bigwanidde okussibwa ku katale?

Nze ndowooza nti waliwo ebintu bibiri abasuubuzi bye beetaaga okumanya. Ng’omusuubuzi, olina ekigendererwa, olabye omuwaatwa era okimanyi nti akatale keetaavu. Ekyo nno kya mugaso. Naye mu mbeera y’okugaziya ebintu byo, n’okutwala bizinesi yo ku katale weetaaga okwekkaanya emitendera egyo. Olina okulaba nga ky’okola kye kimu leero, enkya n’olunaku olunaddako. Kino kitegeeza nti engeri gy’okolamu ebintu byo eri ku mutindo, kino kikuyambako mu kufuna akatale kubanga ky’otunda kiba kya njawulo.

 

 

 

How the Uganda Investment Authority (UIA) is helping women entrepreneurs outlast the pandemic

The Covid-19 Business Info Hub spoke with Winnie Lawoko-Olwe, Director of SMEs at the Uganda Investment Authority to learn how the Uganda Investment Authority is helping women entrepreneurs through the pandemic.

Ernest Wasake: Would you kindly introduce yourself and what you do at the Uganda Investment Authority?

 Winnie Lawoko-Olwe:  My name is Winnie Lawoko-Olwe and I am the Director of SMEs at the Uganda Investment Authority.

Ernest Wasake: The COVID-19 Business Info Hub is looking to focus on how women entrepreneurs have been able not only to survive, but to thrive during the pandemic. Tell us about yourself, and your role at Uganda Investment Authority (UIA). How have you been able to survive and thrive during this pandemic?

Winnie Lawoko-Olwe: COVID-19 came as a major surprise to everybody. And because of the nature of the Standard Operating Procedures and the activities around the pandemic, it required fast thinking and fast adaptation. As UIA, we immediately conducted research that where a total of about 385 businesses were interviewed. And of these interviewed, about 30 percent were SMEs, and of those 30 percent, we were able to interview 32 percent specifically women.

We know very well that the SME economy of Uganda is a very much a cash economy. The pandemic affected most women and challenged how they balanced finances for the businesses and finances for their families.

The assessment found that the businesses are distressed and needed additional money. The assessment also found that a intervention was needed to help businesses change their models from the direct channel of selling off the street to the effective use of mobile money, networks to deliver your business, and developing business products to what clients need the most.

Under the Rising Woman campaign, Investment Authority is looking at how we can take the women’s businesses into a next level of digitization in terms of marketing their products, in terms of effectively using mobile payments as opposed to cash payments. And we are running trainings in six areas for the newly developed digitization product for the campaign. We are going to be able to come up with a clear product rollout in terms of digitizing and e-commerce adaptation

Ernest Wasake: How has the Investment Authority supported the SME sector during the pandemic?

Winnie Lawoko-Olwe: In this period of the pandemic, one of the major challenges is that our Standard Operating Procedures (SOPs) have limitations on number of people that we can support. During the first part of the pandemic, our programs were supporting about a maximum of 10 people, thereby limiting outreach numbers. Given these limitations, UIA has started delivering capacity building programs that allow a few leaders from women organizations to be taken through the program and to pass on the lessons to other women. The training currently has narrowed down from entrepreneurial development to marketing and access to markets training programs. We are looking at digitization of business processes and we are also looking at using ICTs.

Ernest Wasake: Do you have testimonies of businesses that have thrived during the pandemic and what lessons can be learned from them?

Winnie Lawoko-Olwe: Yes, we have had businesses that have thrived so far.  Businesses that have thrived have been able to place themselves into the e-commerce platform. We have a number of ladies who are doing sanitizers and foodstuffs that are currently registered on the Zimba Mart (an online e-commerce platform created by ZimbaWomen) I must say that Zimba  Women is one of those women-in-tech initiatives that we think will help and support to take women to the next level, because it is owned by women that can easily understand the dynamics of women and the challenges that women are having. The second group that we work closely with is the Business and Professional Women of Kampala branch who actually access the women groups, identified which is the most appropriate time to be able to help them to sell their products online.

Ernest Wasake: What can be done to increase the level of women entrepreneurship in Uganda?

 Winnie Lawoko-Olwe: To increase the participation and the overall input from women entrepreneurs in Uganda means that we need to be able to identify the supporters or service providers in specific areas so that women activities and growth activities are not duplicated. I want to talk about the three key things that women face: The first is access to effective networks that allow them to grow within different areas of growth.  The second is linkage for growth in terms of the value chain. The third is affordable financing that looks at one’s internal competitiveness.

I know that the Stanbic Bank Incubator Platform is doing quite a bit in terms of getting those value chains together. But I think that if I’m a woman entrepreneur sitting in Busia, where do I go to get that information? And that’s where I think the most important opportunity is – to have a national portal, where every woman can access information where she is able to click networks and be able to access networks that she can work with. And last but not least, is the mentorship for growth – that means that we are looking at women who have excelled within those specific areas, to inspire and lead other women.

Also, I think there’s a missing gap, in terms of specific funds for SME women. If you talk today about the Emyooga(poverty eradication program) which is easily accessible, it requires one to be in a group to access the funds and yet, as an SME you’re not going to join a group. As an SME you need to be identified as a specific business that can walk into any place and is assessed based on your internal competitiveness, the ready market that you have for your product and the support systems that you need to be able to effectively utilize them. So I think those are the key things that we as Uganda Investment Authority are strongly pushing to address through interventions.

Ernest Wasake: What advise have you given to a woman entrepreneur on a personal level to help them grow.

Winnie Lawoko-Olwe: OK. On a personal level, I have supported Vantage Communication and Zimba Women. And this is specifically in terms of growing their business and looking at the environment. Both companies have fantastic products and they met the challenges in terms of setting up processes and procedures to manage the internal environment. And the advice here is: you are the entrepreneur, you know the business, you know what you want out of it. But take yourself back and think of growing this business scalability. Can you scale the business to the level you want working as an individual? And if you can, then it’s going to remain a niche product for a few people. And yet the demand for the product is great. The concept that we went through was one, assess your strengths and concentrate on this strength.

Secondly, look at the operatives. If you are taking this unique project out, you have any unique selling proposition. But in order for this proposition to be delivered, what are the steps you need? Do you need a marketing person? Do you need somebody to actually install, you know the uptake? And do you need somebody to do your finances? If you’re able to look at those critical business steps within the business, then it will help you to identify who internally would be the best person to manage it. If you do not have somebody internally, how would you then be able to take that? And that means you are recruiting. Are you able to price the product? Once you price the product, is it right for the market to be able to take it to the market?

I think from this learning perspective, there are two things that entrepreneurs need to know. As an entrepreneur, you do have a drive. You’ve seen the gap. You know that the market needs it. And that’s very important. But in terms of scalability of your product, in terms of taking your business to the market, you then need to look at those critical procedures, internal procedures that will allow you to take the product to the market. And the product will be the same today, tomorrow and the next day. That means there’s a standard of procedure. It’s a unique selling proposition and it’s a unique product that is going out to the market.


Stanbic Business Incubator

Stanbic Business Incubator yeegasse ne UTB okusomesa obukolero n’eby’obusuubuzi ebitonotono (SMEs) eziri mu ttabi ly’eby’obulambuzi ebikwata ku nzirukanya y’eby’enfuna

Ekiwandiiko ekyafulumizibwa

Kampala, Uganda: Museenene 4, 2020. Stanbic Bank Business Incubator etadde omukono ku ndagaano y’okutegeeragana ne Uganda Tourism Board – UTB (Ekitongole ekikwasaganya eby’obulambuzi mu ggwanga) okubeera nga basomesa obukolero n’eby’obusuubuzi ebitonotono-SMES ezenyigira mu by’obulambuzi enzirukanya y’eby’enfuna okusobola okukakasa nti zikulaakulana wamu n’okuwangaala.

Enkolagana eno ereesewo omukisa ogw’enjawulo ebitongole bino byombi we binaasinziira okutondawo wamu n’okussa mu nkola enteekateeka eziwerako ku kusomesa n’okuyigiriza abantu enzirukanya y’eby’enfuna mu kutodawo ebitongole, ekinaatuyamba okufuna abasuubuzi ab’enyigira mu by’obulambuzi abalungi ddala.

Okusinziira ku ndagaano eyo, Stanbic Business Incubator ejja kuwaayo ebintu nga; abawi b’amagezi abakugu, abayambako mu bukulembeze, ebikozesebwa mu office wamu n’okutendekebwa eri abo abaagala okutandika wamu ne SMEs ezenyigira mu by’obulambuzi kibayambe okukulaakulanya wamu n’okubeezawo bizinesi zaabwe.

Bwe yabadde ayogera ku mukolo ogw’okussa emikono ku ndagaano eno, akulira Stanbic Business Incubator Mwami Tony Okao Otoa yagambye nti ebbanguliro lino lya kukunganya ssente ezinaakozesebwa mu  mirimu gy’okubangula abaagala okutandika wamu ne SMEs ezeenyigira mu by’obulambuzi ezinaaba zisomesebwa.

“Stanbic Business Incubator ejja kuteekawo embeera esobozesa okutondawo enkola y’okukuuma ebiwandiiko nga bakozesa ebyuma bi kalimagezi, enzirukanya ya bizinesi wamu n’enkola eyitibwamu okwekebera eneekozesebwa SMEs n’abantu abalala abaneenyigira mu by’obulambuzi,” bwatyo Mwami Otoa bwe yagambye. Yayongeddeko nti bajja kutegeka emisomo eginaabaamu okuyigira awamu, okugabana abantu ab’enjawulo bye bayiseemu wamu n’okutendeka abapya, SMEs wamu n’abamaze okubangulwa nga basinziira ku bwetaavu. Okutendekebwa kuno kujja kwetooloolera ku buyiiya obupya mu tekinologiya wamu n’engeri gy’osobola okukulaakulanya bizinesi.”

Akulira UTB Muky. Lilly Ajarova yakakasizza nti ekigendererwa mu kino kwe kulaba nti bagenda mu maaso n’okukulaakulanya eby’obulambuzi mu Uganda. “Ekitundu ku mulimu guno kyesigamizibwa ku bwannannyini obwa ssekinnoomu, kino kitufuula okuba nga tukakatibwako ffe nga UTB okusomesa wamu n’okumanyisa abantu ebintu ebiriwo ebiyinza okutuyamba mu kutuukiriza ebiruubirirwa byaffe. Tulindiridde n’essanyu ebintu ebyewuunyisa bye tusuubira okuva mu nkolagana eno,” bwatyo Muky. Ajarova bwe yagambye.

 

Yannyonnyodde nti nga tuyita mu kwegatta wakati wa UTB ne Stanbic Business Incubator, enkolagana zijja kukolebwa ezinaayamba mu kutondawo wamu n’okubeezawo bisinesi ezenyigira mu by’obulambuzi nga tuyita mu kuzigunjawo, okutendekebwa wamu n’okubunyisa amawulire ageetaagisa. Yayongeddeko nti kino kijja kwongera okulabirira wamu n’okunyweza obwa sseruganda obuliwo kaakano ate n’obunaabaawo mu biseera eby’omumaaso wamu n’emigaso egibulimu.

“Bw’otunuulira embeera eriwo kati n’engeri nnawookeera wa Covid-19 gy’akosezzaamu eby’obulambuzi mu Uganda n’ebitundu ebirala, enkolagana eno esuubirwa okuyamba ennyo bizinesi eziri mu ttabi lino okugunjaawo enkola empya ezinaayamba okutwala eby’obulambuzi mu maaso,” bwatyo Muky Ajarova bwe yayongeddeko.

Yakinogaanyizza nti endagaano eno egenda kufuuka eky’okulabirako eri ebitongole ebirala nabyo ebisuubirwa okutandikawo enkolagana ezenjawulo. Yannyonnyodde nti guno gugenda kuba omumuli ogunaddamu okumulisa eggwanga naddala mu kiseera ekinajja oluvannyuma lwa nnawookeera wa ssennyiga omukambwe.

 

Ebikwata ku Stanbic Business Incubator

Stanbic Business Incubator kitongole kya bwannannyini ekyakkirizibwa mu mateeka ga Uganda era nga kyawandiisibwa ku nnamba 8002000141657 nga ne ofiisi yabwe eri ku kibanja nnamba 5 Kololo Lower Terrace. P.O.Box 7131, Kampala Uganda.

 

Stanbic Business Incubator yatandikawo mu 2018 ng’enkola Stanbic Bank gye yagunjawo okuyamba wamu n’okuteekateeka SMEs nga zeetegekera okuyingira olwokaano lw’okuddukanya emirimu. Ebbanguliro lino lyakatendeka obukolero obutonotono obusoba mu 660 ate n’abantu abasoba mu 1,746.

Bino wammanga bye bimu ku ebyo Business Incubator by’eyigiriza abantu

  • Okutondawo bizinesi
  • Okutendeka wamu n’okulabirira ebiba bikolebwa
  • Okuteekawo ensinsinkano wakati w’abantu ab’enjawulo, okukubaganya ebirowoozo okwawamu era n’okutuukirira ba kafulu mu bintu eby’enjawulo.
  • Okusomesa wamu n’okulungamya abasuubuzi oluvannyuma lw’okutendekebwa
  • Batondawo amakubo agayitibwamu okufuna obutale wamu n’ensimbi

Okumanya ebisingawo, batuukirire ku – incubator@stanbic.com

Ebikwata ku Uganda Tourism Board

Uganda Tourism Board kitongole kya gavument ekiri wansi w’etteeka ly’eby’obulambuzi 2008 nga kyaweebwa obuvunaanyizibwa bw’okutumbula Uganda ng’ekifo ky’eby’obulambuzi eri bannansi wamu n’abagwira; kikakatibwako okulabirira eby’obulambuzi mu ggwanga.

Stanbic Business Incubator partners with UTB to offer financial literacy to SMEs in the tourism sector

Press Release

Kampala, Uganda: November 4th, 2020.   The Stanbic Business Incubator has signed a Memorandum of Understanding with the Uganda Tourism Board (UTB) to provide financial literacy support to Start-ups and SMEs in the tourism sector to ensure development and sustainability of the businesses.

This partnership brings a unique platform for both entities to jointly develop and implement a series of financial literacy programmes on enterprise development and national content to produce competent, financially solid and skilled entrepreneurs in the tourism sector.

According to the MoU, the Stanbic Business Incubator will provide resources such as expert advisors, mentors, administrative support, office equipment and training for Start-ups and SMEs in the tourism sector and contribute to the development and sustainability of their businesses.

Speaking at the MoU signing, the Stanbic Business Incubator Executive Director Mr. Tony Okao Otoa said the incubator will mobilize the funds to facilitate incubation activities, for start-ups and SMEs on the tourism business incubation programmes.

“The Stanbic Business Incubator will provide an enabling environment for the development of ICT-based solutions for record keeping, business management and performance testing on tourism businesses for wider use and application by SMEs and actors in Tourism,” Mr. Otoa said, adding that “We shall organize and facilitate a joint learning, experience sharing and training sessions for start-ups, SMEs and incubates based on enterprise needs. The training shall be centered to technological innovation, enterprise and business development.”

The UTB Chief Executive Officer, Ms. Lilly Ajarova, emphasized that the goal is to continuously develop and grow the tourism industry of Uganda. “Part of this effort is dependent on our private sector, making it imperative that we at UTB create awareness for the available tools that can help in achieving our mutual objectives. We greatly look forward to the amazing things to come out of this partnership,” Ms. Ajarova said.

She explained that through the UTB and Stanbic Business Incubator partnership, collaborations will be formed that will go a long way in contributing to the development and sustainability of the businesses in the Tourism sector through enterprise development, training and information dissemination. This, she added, will further nurture and cement all mutual present and future relationships and benefits.

“Given the current times and the immense impact on the Covid-19 pandemic on the Tourism sector in Uganda and beyond, this relationship is well placed to help businesses in the sector create new and existing methods to collectively re-start and drive tourism forward,” Ms. Ajarova added.

She observed that the MOU is set to create a strong platform for cooperation and cross-cutting partnerships between entities in different sectors. This, she explained, is bound to help light the spark that will re-ignite the nation, especially in the post COVD-19 era.

 

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About Stanbic Business Incubator Limited

The Stanbic Business Incubator is a private company duly incorporated under the Laws of the Republic of Uganda with registration number 80020001471657 whose registered office is at Plot 5 Kololo lower terrace P.O. Box 7131, Kampala, Uganda.

The Stanbic Business Incubator started in 2018 as an initiative of Stanbic Bank to support and nurture SMEs to prepare for and harness business and growth opportunities. The Incubator has so far trained over 660 Small and Medium Enterprise and 1,746 entrepreneurs.

The Business Incubator provides an enabling environment for entrepreneurs through the following programmes:

  • Business Development Services.
  • Training and follow-up support interventions.
  • Networking Events focus group discussions and access to subject matter experts.
  • Mentoring and coaching of entrepreneurs after formal training
  • Provide avenues for accessing markets and sourcing of funds

For more information contact – incubator@stanbic.com

About Uganda Tourism Board

The Uganda Tourism Board is a Government institution mandated under the Uganda Tourism Act, 2008 to promote Uganda as a preferred destination for both domestic and foreign tourists; enforce and monitor standards in the tourism sector.


Business owners

Enkola ya Stanbic Business Incubator esobozesa abakyala abasuubuzi okumalayo obusobozi bwabwe nga ba nnannyini bizinesi

Huddah Tamale si mupya mu kukyusa mu bizinesi. Bwe yatandika bizinesi ye mu 2015, yalowooza nti ajja kufuna ssente mu kutunda kkeeki. Okusobola okusikiriza abaguzi abapya, yatandika okubaweerako amajaani g’obutonde. Wabula, amangu ddala yakizuula nti amajaani ge gaali  gasinga okumucamuukiriza. Bwe yategeera ky’asinga okwagala, yakyusa enteekateeka ze n’asalawo okwemalira mu kutunda amajaani.

Omuggalo gwa COVID-19 bwe gwatandika, Tamale yeesanga nga yeetaaga okukyusa mu bizinesi ye eya Nash Royal Teanate. Mu nkola eya tonsemberera, yali alina okwesigama ennyo ku nkola ey’okunoonyeza akatale ku mutimbagano. Kya mukisa nti yali amaze okufuna obukugu obw’enjawulo ng’ayita mu Stanbic Business Incubator.

We twogerera, mu nteekateeka za bizinesi ye yateekamu n’engeri gy’ayinza okutundira ebintu ku mutimbagano ate n’afuba okwekuumirako ekimuyambyeko okuyita mu nnawookeera. Eri abakyala abasuubuzi abali mu kulwanagana n’embeera, akkaatiriza obulungi obuli mu kukolera ku mutimbagano. “bw’oba teweekuumira ku mutimbagano olwaleero, kyenkana obeera nga atali mu bizinesi” bwatyo bwe yalabudde.

Abakyala abasuubuzi mu Uganda wamu n’ensi yonna okutwalira awamu babadde balina okusisinkana enkyukakyuka ey’omuggundu mu nkola y’emirimu olw’okuba nti ate babadde balina okulabirira abaana oluvannyuma lw’amasomero okuggalwawo. Ne mu mbeera eya bulijjo abakyala abasuubuzi basisinkana emiziziko egimanyiddwa mingi era egibalemesa okumalayo obusobozi bwabwe. Abaami bo kibabeerera kyangu okufuna amawulire amatuufu, okutendekebwa wamu n’okulungamizibwa ku ngeri gye bayinza okukwataganamu n’ebitongole ebiyamba ku by’ensimbi n’okukola enteekateeka ennungamu kwe batambuliza bizinesi zaabwe.

Ng’eyita mu nkola eziyamba okukulaakulanya bizinesi, okutendekebwa, okuzimba enjegere wamu n’okuwa amagezi, Stanbic Bizinesi Incubator etondawo embeera esobozesa abasuubuzi okukuuma wamu n’okukuza bizinesi zaabwe. Enkola eno era ewa abagyetabyemu omukisa ogw’okusisinkana ba kafulu mu bintu eby’enjawulo wamu n’okufuna obutale nga kwotadde n’okuyambibwa mu by’ensimbi. Okwegatta mu nkola ya Stanbic Bizinesi Incubator, abakyala abasuubuzi kibasobozesa okufuna emikisa ate oluusi gye batandifunye.

“Abakyala abasuubuzi kya muwendo nnyo eri eggwanga lyaffe. Nga tusinziira ku misomo egitegekeddwa, tukizudde nti abakyala bakola kya maanyi ku ngeri ebitongole gye biddukanyizibwamu wamu n’engeri ebitongole gye biyimirizibwawo okumala ebbanga eddene. Okwewaayo kwaffe eri okuyamba abakyala naddala abasuubuzi kye kimu bintu bye tutasobola kusuula muguluka. Okumala ebbanga eddene, twasalawo okuba n’enteekateeka ey’enjawulo eri abakyala abasuubuzi okubasobozesa okwetaba wamu n’okuganyulwa mu kutendekebwa okutegekebwa. N’olwekyo okwewayo kwaffe tekugendererwamu kuyamba muntu omu; wabula abakyala bangi babadde kitundu ku lugero luno naddala bwe kyamala okuzuulwa nti omuggalo gwa covid gwali gugenda kukosa bizinesi nnyinji okumala ebbanga ggwanvu. “Twekakasa nti tusobola okukolagana n’abakyala abasuubuzi bangi ne tubasobozesa okutuukiriza ebirooto byabwe” Bwatyo Tony Otoa akulembera Stanbic Business Incubator Limited bwe yagambye.

Bwe yawulira ku nkola ya bizinesi incubator okuva ku mukwano gwe, Rachel Lubega yali amaze emyaka 18 ng’addukanya bizinesi eteekateeka emikolo, Quality Management Services LTD era nga y’omu ku bannyini yo. Naye wadde nga yali abadde mu bizinesi okumala ebbanga ddene, yali akkiriza nti wakyaliwo obusobozi bw’okugikulaakulanya. “nnawulira nga nkyamuukiridde kubanga njagala nnyo okuyiga, okufuna okutendekebwa wamu n’okufuna obukugu obupya” bwatyo bwe yagambye.

Ng’ekitundu ku kutendekebwa, yeegatta ku kibinja ky’abakola obuweereza obwo abalala era nga muno mwalimu ne b’avuganya nabo. Bwe baatandika okuzimba enjegere wamu n’okubeera awamu, yatandika okutunuulira abamuvuganya ng’abantu b’asobola okukola nabo emirimu. “Twatandika n’okufunira awamu emirimu. Kyali kiyitirivu okusobola okugunjaawo enkolagana ey’engeri eyo n’abatuvuganya.” Bwatyo bwe yayongerako.

Teyakoma ku kutondawo mikisa gya kufuna mirimu gyokka ng’ayita mu kuzimba enjegere, yeeyongera n’okukuguka mu kwekkaanya eby’enfuna, okukuuma ebitabo wamu n’okunoonyeza akatale ku mutimbagano. Ku lw’obulungi bw’omulimu gwe, bye yali ayize naye yasalawo okubisomesa abakozi be.

Okufaananako nga Tamale, Lubega naye yazuula omugaso ogw’enjawulo mu misomo egiyigiriza okunoonyeza akatale ku mutimbagano. “Mu kiseera ekyo twali tulina website naye nga tekozesebwa kiryawo. Naye kati mmanyi omugaso gw’okubeera ne website ekola.” Yayongeddeko nti okussa mu nkola obukodyo bw’okuddukanyiza emirimu ku mutimbagano wamu n’okwekuumirako kikoze enjawulo ya maanyi nnyo mu bizinesi ye mu kiseera kya nnawookeera.

Nga zi bizinesi okwetooloola eggwanga zikyusa mu nkola zaazo, ne Stanbic Bizinesi Incubator tesigadde mabega. “Tubadde tuteekeddwa okuddamu okulowooza ku nkola yaffe era bwe tutyo ne twesulubabba enkola y’okusomeseza mu bibiina ne tutandika okuteeka emisomo gyaffe ku mutimbagano,” Otoa bwatyo bwe yagambye. Yayongeddeko nti enkola eno yawadde abasuubuzi essuubi olw’engeri gye balina obwetaavu okumanya ku bintu eby’enjawulo omuli okuddukanya eby’enfuna, obukulembeze n’ebirala ebisobola okuyamba bizinesi okuyimirirawo mu kiseera ng’eby’enfuna bigootaanye.

Abeetabyemu nakati basobola okuzimba enkolagana mu bbanguliro newankubadde nga basomera ku mutimbagano.

“Beeyanjula ku ntandikwa ya buli musomo era ne baweebwa n’omukisa okunnyonnyola ebikwata ku bizinesi zaabwe, bannyonnyolagana bye bayiseemu era ne bawangana endagiriro,” bwatyo Nadia Ayaa bwe yagambe, ono y’akwanaganya enkola ya Stanbic Business Incubator Limited.

Okukyusa enkola okuva ku kutuula mu kibiina okudda mu kusomera ku mutimbagano kwongera okuyambako abakyala abasuubuzi olwokuba kibanguyiza ku kutemaatema obudde obw’okutuukiriza obuvunaanyizibwa bw’awaka ate n’eby’emirimu. Mu kifo ky’okugenda mu kibiina, basobola okwetaba mu kutendekebwa nga basinziira mu maka gaabwe oba mu ofiisi.

 

Okumanya ebisingawo ku Stanbic Business Incubator Limited, kuba ku ssimu

0312 226 700

 

 

 

The Stanbic Business Incubator enables women entrepreneurs to reach their full potential as business owners

Photos by Blaire Davis Mugume

Hudah Tamale is no stranger to pivoting. When she began her business in 2015, she thought she could make money selling cakes. To attract new customers, she started offering herbal teas as a marketing strategy. However, she soon found herself becoming more excited over her tea products. After recognizing where her true passion lay, she shifted her business strategy and started focusing entirely on selling tea.

When the COVID-19 lockdown began, Tamale found herself needing to pivot her business, Nash Royal Tea, again. With social distancing measures in place, she needed to rely more heavily on digital marketing strategies. Luckily, she had already learned many of the skills that she would need through the Stanbic Business Incubator.

Today, she has a digital marketing strategy incorporated into her business plans and maintains an active online presence that has helped her through the pandemic. For women entrepreneurs struggling, she stresses the importance of digitizing. “If you don’t have an online presence right now, you are almost nonexistent in business right now,” she warned.

Women entrepreneurs in Uganda and worldwide have had to face a rapidly changing business environment while still taking care of their children full-time once the schools closed. Even in regular times, women entrepreneurs face well-documented barriers that prevent them from reaching their full potential. Men are more likely to have the right information, training, and guidance to inform their dealings with financial institutions and plan effectively for their businesses in the long-term.

Through business development services, training, networking events, and mentoring, the Stanbic Business Incubator offers an enabling ecosystem for entrepreneurs to protect and grow their businesses. The incubator also provides participants with opportunities to engage with subject matter experts and access markets and finance. By joining the Stanbic Business Incubator, women entrepreneurs can take advantage of opportunities that they may have not otherwise had.

“Women entrepreneurs are a great resource to this country from our training we have come to realize that women play a very vital role in how enterprises are run and how enterprises are actually sustained over long period of time. Our commitment to the support of women especially the women entrepreneurs is one that we cannot deviate from. we have for a long time decided to have quota set for women entrepreneurs to be able to see them participate and enjoy the benefits of our training program. our commitment therefore is not a one of one off intervention. Many women have been part of this whole story especially after the realization that the lockdown or covid was going to impact on many businesses for a long time. we’re certain that we can be very much in partnership with a lot of women entrepreneurs to scale them to fir their dreams.”  said Tony Otoa, Executive Director, Stanbic Business Incubator Limited.

Meet Rachel Lubega

When she heard about the incubator from a friend, Rachel Lubega had already co-owned her corporate event business, Quality Management Services LTD, for 18 years. However, despite the longevity of her business, she believed she still had room to grow. “I felt excited because I love learning, getting training, and gaining new skills,” she said.

As part of the training, she joined a cohort of service providers that included some of her competitors. Through networking and personal bonding, she began to see her competition as potential business partner. “We even were able to get business together. It was great having to create that kind of relationship with our competitors,” she added.

Not only was she able to create business opportunities through networking, but she became more adept at auditing, bookkeeping, and digital marketing. To the benefit of her business, she transferred many of these new skills she was learning to her employees.

Like Tamale, Lubega found particular value in the seminars on digital marketing. “At the time, we had the website, but it wasn’t very active. But now I know the importance of having an active website.” She added that implementing digital strategies and maintaining a web presence has made a beneficial difference for her business during the pandemic.

As businesses across Uganda adjust to the “new normal”, so has the Stanbic Business Incubator. “We have had to rethink our program, going away from the typical classroom lecture mode into online tutorials and lectures,” said Otoa in a recent interview. He added that the shift made entrepreneurs hopeful because of a shared need for information on financial management, governance, and other issues critical to business survival in an economic downturn.

Participants are still able to network at the Incubator even though the classes are online.

“They introduce themselves at the start of every session and are given provision to state what each of their businesses is about, share experiences, and share their contact information with other participants,” said Nadia Ayaa, Program Coordinator, Stanbic Business Incubator Limited.

The switch from a classroom setting to online tutorials also creates more flexibility for women entrepreneurs, who often balance household responsibilities and business ventures. Instead of going to a classroom, they can access the training at the comfort of their home or office.

For more information about the Stanbic Business Incubator Limited, please call
0312 226 700


supporting businesses

Engeri SHONA gy’eyambamu zi bizinesi mu buvanjuba bwa Africa okuyita mu nnawookeera wa covid 19

Omukutu gwa COVID-19 Business Info Hub gwayogerako ne SHONA nga kino kitongole ekiyambako abasuubuzi okubayigiriza engeri gye bayinza okukulaakulanyamu emirimu gyabwe mu buvanjuba bwa Africa, okusobola okutegeera engeri gye kiyambamu eby’obusuubuzi mu kitundu.

Bino bye weetaaga okumanya:

SHONA kitongole ekiyamba okuwa amagezi wamu n’okutendekebwa okusobozesa amakolero wamu n’eby’obusuubuzi ebitonotono okukulaakulana mu by’ennyingiza y’esimbi  okusobola okukola amagoba. Ekigendererwa kyabwe ekikulu kwe kulaba nga bazimba eby’obusuubuzi obwa ssekinnoomu mu buvanjuba bwa Africa ebyegombesa.

SHONA ennyonnyola nti emirimu gino gigasiza wamu abantu mu bitundu mwe gikolerwa omuli abaguzi, abakozi, ba nnyini gyo, abayambako mu nzirukanya yagyo n’ekitundu kyonna okutwalira awamu.

Okuva mu 2014, SHONA ekoze ne zi bizinesi ezisoba mu kyenda mu ssatu (93) era ne basobodde okutondawo emirimu egisoba mu 1,700 wamu n’okukungaanya ensimbi eziwera obukadde 33 obwa ddoola (eza Uganda ezisoba mu buwumbi 123.1) eza “kapito”, baweerezza abaguzi abasoba mu 470,000 wamu n’okuwayo omusolo ogusukka mu bukadde bwa ddoola 10 eri eby’enfuna by’obuvanja bwa Africa.

Wetwogerera kati, SHONA ezze etegeka emisomo egy’enjawulo ng’esinziira ku bwetaavu okusobozesa abasuubuzi okuvvuunuka emirerembe egyaleetebwa Covid-19. Egisinze okwettanirwa mulimu enzirukanya y’eby’enfuna, okunoonyeza akatale ku mutimbagano wamu n’engeri y’okutumbula omuwendo gw’ebintu ebitundibwa. Omuntu asobola okwetaba mu misomo gino ku kasente akatono ennyo nga n’oluusi giba gya bwereere.

Mu kiseera kino, omusomo oguyigiriza enzirukanya y’eby’enfuna gusomesebwa ku bwereere, engeri y’okunoonyeza akatale ku mutimbagano gwa UGX 100,000, oguyigiriza engeri y’okutumbulamu omuwendo gw’ebitundibwa gwa 200,000 ate nga bagaba ne sikaala eri bizinesi ezimu.

Ng’oggyeko okutegeka emisomo, SHONA era erambika bulungi emikisa egiriwo abasuubuzi mwe basobola okuyita okusobola okufuna ensimbi ezikozesebwa. Obwetaavu bwa ssente kye kimu ku bintu ebisinga okussibwako essira mu bizinesi ate bwe kyatuuse mu kiseera kya nnawookeera wa COVID-19 kyayitiridde, na bwekityo olukalala lw’ebintu ebiyinza okukozesebwa weeruli era luzzibwa buggya buli kiseera.

Olwokuba bategeera ebizibu amakolera n’eby’obusuubuzi ebitonono bye bayitamu n’engeri gye byeyongedde mu kiseera kya nnawookeera, SHONA ekubiriza zi bizinensi okufaayo ennyo okukuuma abakozi baazo, okutegeera ebizibu bye zoolekedde wamu n’okufaayo ku ngeri gye bakwasaganya emiziziko mu nnyingiza y’ensimbi mu kiseera kino. SHONA era ewa amagezi ku bintu by’oyinza okukola okusobola okuzza obuggya bizinesi yo embagirawo.

Okumanya ebisingawo, weereza email ku: dopio@shona.co

Okubatuukirira

Basangibwa ku  Plot 8, Suna II Road, Ntinda, Kampala

Essimu: +256791052406

Email: dopio@shona.co

 

 

How SHONA is supporting businesses in East Africa to weather the pandemic

The COVID-19 Business Info Hub spoke with SHONA, an East African Business Development Services company, to understand how they are supporting businesses in the region. Here is what you need to know:

SHONA provides business advisory services and training to help SMEs grow revenues and become profitable. Their goal is to build a thriving East African private sector driven by good businesses. SHONA defines these businesses as those that positively benefit society, including customers, employees, owners, value-chain partners and the community in which they are based. Since 2014, SHONA has worked with over ninety three businesses that together have created over 1,700 jobs, raised $33 million (over 123.1 billion Uganda shillings) in capital, served more than 470,000 customers, and contributed over $10 million in taxes to East African economies.

To date, SHONA has run multiple courses on a demand basis to support businesses to survive and recover from the impact of Covid-19.  The most popular include Financial Management (Cash Management Cycle, Managing Cash Flows & an Intro to Funding), Digital Marketing (Growing online clientele), and Boosting Sales (Recovering revenue lost because of Covid-19). There are opportunities to participate at low or no cost. The Financial Management course is currently being offered for free, Digital Marketing is offered at a cost of UGX 100,000, and Boosting Sales is available at a cost of UGX 200,000 with the option of a free scholarship to select businesses.

In addition to its course offerings, SHONA has also curated a list of funding opportunities available for entrepreneurs. The need for cash for liquidity has always been high up on the priority list for businesses, and this need has increased significantly since the COVID-19 pandemic. A list of resources, which is updated continuously, is available HERE.

Understanding the existing struggles faced by SMEs and how these have been exacerbated by the pandemic, SHONA urges businesses to focus on protecting employees, understanding business risks, and managing cash flow disruptions during this time. SHONA offers resources on business continuity and managing your cash in a crisis and rebuilding and reviving your business after a crisis.  SHONA also provides tailored advisory services supporting businesses in developing business recovery strategies and plans that can be immediately operationalized. For more information, email: dopio@shona.co

How to get in touch

Address: Plot 8, Suna II Road, Ntinda, Kampala.

Tel: +256791052406

Email: dopio@shona.co

 


Ekitongole ki African Resilience Initiative for Entrepreneurs kiyamba ku bakyala abasuubuzi.

Ekitongole kya African Resilience Initiative for Entrepreneurs (ARIE) nga kino kiyamba ku basuubuzi okusigala nga bagumu mu mbeera yonna; mu kaseera kano kiri mu kufuba okulaba nga kiyamba abasuubuzi nga kiyita mu nkola ey’okubawola amabanja agataliiko magoba era nga essira basinze kuliteeka ku bakyala.

ARIE kye ki?

ARIE kitongole kya Bafirika era nga kyewaddeyo okubeera nga kiyamba abasuubuzi Abafirika 300 – 70% bajja kuba bakyala – nga kibawa obuyambi mu by’ensimbi wamu n’amagezi g’ekikugu nga kw’otadde n’okubeera omukutu abasuubuzi mwe banaayita okusobola okukwatagana ne ba musiga nsimbi.

Enkola eno yatandikibwawo aba Entrepreneurial Solutions Partners (ESPartners) nga bakolaganira wamu ne US African Development Foundation (USADF), oluvannyuma lw’okukizuula nti abakyala abasuubuzi ekirwadde kya Covid-19 kibakosezza bya nsusso. Okusoomoozebwa kwe batera okusisinkana mu mbeera ya bulijjo omuli eby’ensimbi, amagezi g’ekikugu, obutale wamu n’amawulire agakwata ku bintu eby’enjawulo kweyongeredde ddala olw’akatuubagiro akaliwo era nga beetaaga obuyambi obw’enjawulo okusobola okuzza obuggya emirimu gyabwe olw’ekirwadde.

Amakolero n’eby’obusuubuzi ebitonotono (SMES) birinawo emikisa gya nnabaki?

ARIE egenda kuyamba abasuubuzi okuva mu mawanga musanvu (Uganda, Ghana, Ivory Coast, Kenya, Nigeria, Rwanda ne Senegal) era ng’egenda kuyamba abo abali mu busuubuzi bw’ebirime, ab’amakolero, amasannyalaze n’ebisobola okuzzibwa obuggya wamu n’abakola obuweereza obw’omugaso eri obulamu.

SMEs ezinaaba zirondeddwawo zijja kuba n’omukisa ogw’okufuna ssente eziwera 150,000 USD (Shs. 540,000,000) buli emu. Ssente zino zijja kubaweebwa ng’ebbanja okutali magoba okusobola okukakasa nti ebasuubuzi balina ssente eziddukanya emirimu gyabwe egya bulijjo wamu n’okwekuumira ku mutindo newankubadde ng’ekirwadde weekiri.

ARIE buli musuubuzi ejja kumuwa omuwi w’amagezi okusobola okubayamba okwekenneenya wamu n’okuddamu okulowooza ku ngeri gye baddukanyamu emirimu basobole okukakasa nti gitambula bulungi. Bajja kuba nga basobola okutuukirira abakugu abanaabayambako okumanyiira wamu n’okuyita mu mbeera y’eby’enfuna gye tulimu kati.

Ekisembayo, ARIE gugenda kuba nga gwe mukutu SMEs mwe zinaayita okufuna emikisa gyonna eginaatondebwawo oluvannyuma lw’okuteekawo  eby’obusuubuzi eby’awamu okwetooloola ssemazinga wa Africa yenna – (African Continental Free Trade Area)

Egenda kuyunga SMEs mu Africa ku ba musiga nsimbi wamu n’okubatonderawo emikutu mwe banaayita okugaziya emirimu gyabwe kibongere embavu ez’okusuubula nga bayita ku buli nsalo.

Omukutu gwa ARIE gugenda kubeera nga lye kkunganyizo ly’ebintu ebyenjawulo nga muno muzingiramu okufuna obutale, okwezimba ng’abantu wamu n’okwekuumira ku mutindo.

 

Nteekayo ntya okusaba kwange?

Okusaba kugenda kubeerawo okuva nga 24 Muwakanya (August) okutuuka nga 25 Mutunda (September) 2020, SMEs ezikyagadde zisobola okukyalira omukutu https://bit.ly/ARIE2020 okuteekayo okusaba kwazo.

 

Okumanya ebisingawo, tuukirira

Entrepreneurial Solutions Partners (ESPartners)

Website: www.espartners.co

Email: info@espartners.co or arie@espartners.co

Essimu: +225 224 142 49

 

 

African Resilience Initiative for Entrepreneurs offers support for women entrepreneurs

The African Resilience Initiative for Entrepreneurs (ARIE) is currently working to support businesses through a zero-interest loan program with a strong focus on women entrepreneurs.

 What is ARIE?

ARIE is a Pan-African initiative committed to supporting 300 African entrepreneurs – 70% of whom will be women – by providing financial and technical assistance as well as a platform for networking that aims to connect entrepreneurs to potential investors. The initiative was started by Entrepreneurial Solutions Partners (ESPartners) in partnership with the US African Development Foundation (USADF), recognizing that women entrepreneurs have been disproportionately affected by the COVID-19 pandemic. Challenges they normally face in access to finance, skills building support, markets, and information have been exacerbated by the crisis, and they need additional support to reinvent their businesses following the pandemic.

 

What specific opportunities are available for SMEs?

ARIE will support entrepreneurs from seven countries (Uganda, Ghana, Ivory Coast, Kenya, Nigeria, Rwanda and Senegal) and from among the agri-business, manufacturing, energy and renewables, and essential services sectors. Selected SMEs will have the opportunity to receive up to 150,000 USD (Shs 540,000,000) per firm. The funds will be disbursed as an interest-free loan to ensure businesses have the working capital they need to maintain operations and scale despite the pandemic.

 

ARIE will assign each entrepreneur to a business advisor that will support them in diagnosing and rethinking their strategy and operational efficiencies. They will then have access to a team of experts that will help them adapt to and navigate the present economic reality.

Finally, the ARIE platform will help SMEs harness opportunities unleashed by the establishment of an African Continental Free Trade Area. It will connect African SMEs to potential investors and the networks they require to expand their geographical coverage, thus enhancing their capacity to trade across borders. The ARIE platform will also be a repository on a wide range of topics, including access to markets, building human capacity, and scaling.

How do I apply?

Applications will be available from 24th August through 25th September 2020. Interested SMEs should visit https://bit.ly/ARIE2020 to apply.

For more information, contact:

Entrepreneurial Solutions Partners (ESPartners)

Website: www.espartners.co

Email: info@espartners.co or arie@espartners.co

Tel: +225 224 142 49

 


Abavubuka wamu n'amakolero amatonotono (SMEs) baganyuddwa mu nkola y'ekitongole ekigatta bannamakolero mu ggwanga (Uganda Manufacturers Association) ey'okubayigiriza obukugu mu bintu eby'enjawulo

Omukutu gwa Covid-19 Business Info Hub gwayogerako ne Gilbert Kibekityo ng’ono avunaanyizibwa ku nkola ey’okuyigiriza abavubuka obukugu mu bintu eby’enjawulo ng’eno yateekebwawo ekitongole ekigatta bannamakolero ekya Uganda Manufacturers Association (UMA) okusobola okweyongera okutegeera ebikwata ku nkola eno wamu n’okumanya engeri gy’egasaamu abavubuka wamu n’amakolero amatonotono. 

Ebbula ly’emirimu mu Uganda liri ku bitundu 9.2% ate nga mu bavubuka abali wakati w’emyaka 18 – 30, ebitundu 13.3% be balera engalo. Nga beesigama ku mbeera eyo, UMA yagunjaawo enkola ey’okuyigiriza abavubuka obukugu mu bintu eby’enjawulo okubasobozesa okufuna emirimu wano mu ggwanga wamu ne mu mawanga ag’ebweru.

Nga bayita mu nkola eno, UMA esobodde okutendeka abayizi abawerera ddala 5,502 (64.04% balenzi ate 38.96% bawala), ku bano, abayizi 3,445 baamala okuteekebwa mu bitongole eby’enjawulo okwongera okutendekebwa nga n’ebintu bwe babiraba wamu n’okubikwatirako ddala.

Abayizi bano baalondebwa era ne basembebwa zi ssettendekero (University) mwenda era nga bassibwa mu bitongole eby’enjawulo okumala ebbanga lya myezi 3 okutuuka ku myezi 6. Ebitundu 92% ku bitongole ebyenyigira mu nkola eno bikakasa nti abavubuka abatendekeddwa baba balungi ku mirimu bw’ogeraageranya n’abalala.

Kutendekebwa kwa nnabaki okubeera mu nkola eno?

Enkola eno ewa abavubuka okutendekebwa mu bintu ebiringa ebyangungu omuli okuwandiika alipoota, eby’empuliziganya, okukolera awamu, okugonjoola ebizibu, obukujjukujju wamu n’obuyiiya, obukugu mu kutandikawo emirimu, eby’obulamu n’okwekuuma nga kw’otadde n’obukugu mu kuteekateeka ebintu eby’enjawulo.

Abayizi bano oluvannyuma batwalibwa mu makolero ag’enjawulo okwongera okutendekebwa wamu n’okuyigirizibwa obukugu ng’ebintu babikwatirako ddala omuli enkozesa y’ebyuma bi kalimagezi, eby’obulimu , n’ebirala.

Okutendekebwa kuno kukolebwa ku zi ssettendekero omuli, Kyambogo University(KYU), Makerere University (MUK), Busitema University (BU), Gulu University (GU), Mbarara University of Science and Technology (MUST), Lira University (LU), Muni University (MU), Uganda Management Institute (UMI) wamu ne Makerere University Business School (MUBS)

Abavubuka bakola batya  okwewandiisa mu nkola eno?

Abayizi abaakatikkirwa okuva mu zi ssettendekero ezo omwenda ezimenyeddwa waggulu wamu n’abo abali mu mwaka gwabwe ogusembayo bakubirizibwa okusaba okwegatta mu nkola eno nga bayita eri omukwanaganya w’emirimu ku ssettendekero yaabwe. Oluvannyuma bajja kuweebwa empapula ezibakkiriza okuva mu UMA era nga mu kaseera kano we bajja okufunira endagiriro y’okumutimbagano we banaayita okwegatta ku nkola eno.

Okutendebwa kukolebwa ku zi ssettendekero zaabwe era oluvannyuma abavubuka UMA n’egenda ng’ebagaba mu bitongole eby’enjawulo by’ekolagana nabyo ng’esinziira ku buli omu kye yasoma wamu n’obukugu bw’aba afunye mu kutendekebwa. Bw’emala okubagaba, UMA efaayo okulondoola abayizi bano okusobola okwetegereza engeri gye batambuzaamu emirimu.

SMEs zisobola zitya okukwatagana n’abavubuka bano mu ngeri y’okugezesebwa oba okufuna abo abamaze okutikkirwa be bandyagadde okuwa emirimu?

SMES ezirina obwetaavu ziba zirina okukolagana ne UMA butereevu nga ziyita ku ndagiririo eyo wammanga, ekitongole kiba kirina okunnyonnyola ekika ky’obukugu kye beetaaga awo UMA n’eronda mu bayizi abaatendekebwa era n’ebaweereza ebitongole bino okusinziira ku bwetaavu bwabyo.

Abavubuka abaagadde enkola eno basobola okutuukirira UMA ku ndagiriro eno;

Uganda Manufacturers Association

P.O Box 6966, Lugogo Show Grounds, Kampala

Essimu: +256 414 221 034/287615

Website: www.uma.or.ug or Project Website: www.intership.uma.or.ug

The COVID-19 Business Info Hub spoke with Gilbert Kibekityo of the Uganda Manufacturers Association’s (UMA) Skilling Program to understand more about the program and how both youth and SMEs can benefit. 

Uganda’s national unemployment rate stands at 9.2% with the youth unemployment rate those aged 18-30 years standing at 13.3%. The skilling program was designed by UMA to equip youth with skillsets for both national and international employment.

Under the program, UMA has managed to train a total of 5,502 students (64.04% male and 38.96% female), of which a total of 3,445 were placed in different companies for practical skills acquisition. These interns were selected and recommended by nine universities and receive company placement for a period of between 3 and 6 months. 92% of companies involved in the program confirmed that the youth trained under this program are more employable compared to others.

What kind of training does the program offer?

The program provides an induction training for soft skills like report writing, communication, teamwork, problem-solving, creativity and innovation, entrepreneurship development, occupational health and safety, and organization skills. Trainees are later placed into industry for technical and hands on skills acquisition in IT, engineering, agriculture, or other fields. Training sessions are carried out at universities, which include Kyambogo University (KYU), Makerere University (Mak), Busitema University (BU), Gulu University (GU), Mbarara University of Science and Technology (MUST), Lira University (LU), Muni University (MU), Uganda Management Institute (UMI), and Makerere University Business School (MUBS).

How can youth enroll in the program?

Recent graduates from the nine universities mentioned above or students in their final year are encouraged to apply for the program through the liaison officer at the universities. After that, they may obtain nomination forms from UMA, at which point they will be provided with login credentials to log in to the web portal.

Training takes place at the individual universities, after which youth are placed by the UMA placement team in the respective partner companies depending on the courses they studied and the skills acquired during the program. After placement, UMA conducts on the ground monitoring to understand the progress trainees.

How can SMEs engage these youth for internships or access graduates they may be interested in hiring long-term?

Interested SMEs should engage UMA directly via the contact information below, after which companies will send information about the skillsets they are looking for. UMA selects candidates from their database of inducted interns and sends to these companies accordingly.

 

Contact information for interested youth

 

Uganda Manufacturers Association

P.O Box 6966, Lugogo Show Grounds, Kampala

Tel: +256 414 221 034/287615

Website: www.uma.or.ug or Project Website: www.intership.uma.or.ug


financing, SMEs, UDB

Gavumenti erangiridde enteekateeka z’okudduukirira abantu mu by’enfuna oluvannyuma lwa ssennyiga omukambwe ng’eyita mu Bbanka y’ebyenkulaakulana (Uganda Development Bank – UDB)

Ng’ekitundu ku nteekateeka z’okukakasa nti eby’enfuna by’eggwanga bibbulukuka okuva mu nnawookeera wa  ssennyiga omukambwe, omukulembeze w’eggwanga yatadde akawumbi 1.045 UGX mu bbanka y’eby’enkulaakulana (UDB) n’ekigendererwa eky’okuwola abantu abalina obwetaavu amabanja ku magoba amatonotono. Muno muzingiramu ab’eby’amakolero, eby’obulimi, n’abasuubuzi ssekinnoomu kibasobozese okukola ebyetaago by’obulamu  wamu n’ebyamaguzi ebisobola okudda mu kifo ky’ebyo ebyali bireetebwa okuva ebweru w’eggwanga nga kwotadde n’okutumbula ebyo ebitundibwa ebweru w’eggwanga.

Uganda Development Bank kitongole kya gavumenti ekyaweebwa obuvunaanyizibwa bw’okuteeka ssente mu by’obusuubuzi ebigwa mu matabi g’eby’enkulaakulana ag’enkizo. Bino bye weetaaga okumanya ku nteekateeka eno.

Bintu bya kika ki era buweereza nnabaki UDB bw’egenda okuwa abantu?

UDB egaba obuweereza obw’eby’ensimbi wamu n’obwo obutali bwa nsimbi; muno mulimu okuwola amabanja agaliko emisingo egy’ebintu ebikalu, okugula emigabo mu bitongole eby’enjawulo,  okubiteekamu ssente wamu n’okuwola ebibiina by’abalimi. Ate ku luuyi olulala, obuweereza obutali bwa bya nsimbi UDB bw’egaba mulimu okuwa abantu amagezi mu by’obusuubuzi wamu n’okubayambako mu kuteekateeka zi pulojekiti.

Makolero ga nnabaki agagenda okusooka okuweebwa omukisa gw’okuteekebwamu ssente za UDB?

  • Amakolero ag’eby’okulya n’eby’okunywa, ag’engoye, amaliba, agakuba ebintu ku mpapula, abakola ebikozesebwa mu kupakira wamu n’okusabika ebyamaguzi, embaawo, ebibajje, ebizimbisibwa, eddagala ery’abantu n’ery’ebisolo wamu n’eby’amasannyalaze.
  • Ebikozesebwa mu malwaliro nga muno muzingiramu ebyuma wamu n’eby’okwekuumisa ebirala.
  • Abakola ebyetaago wamu n’obuweereza obw’omugaso mu bulamu nga muno mulimu n’eby’obulimi.

Amakolero amalala gajja kuweebwa omukisa okusinziira ku kkolero ssekinnoomu nga bwe linaaba lifaanana.

Pulojekiti za nnabaki ezigwanidde okuteekwamu ssente za UDB?

UDB yeesigamizza enkola wamu n’emirimu gyayo ku nteekateeka ya gavumenti ku by’enkulaakulana era ng’essira balitadde ku matabi g’eby’enkulaakulana ag’enkizo omuli eby’obulimi n’obulunzi, okwongera omutindo ku birime wamu ne ku makolero agakola ebyetaago n’obuweereza obw’omugaso mu bulamu nga kw’otadde n’okutumbula ebitundibwa ebweru w’eggwanga.

Ssente zijja kuweebwa abo abeetaaga okufuna ebiteekebwa mu malimiro, okufuna ebyuma ebikozesebwa, ennima ey’omulembe, ebika by’ensolo wamu n’ebirime ebirungi, amakungula wamu n’engeri ennungi ey’okukwatamu ebiba bikunguddwa.

Ssente ez’okuteekebwa mu kwongera omutindo ku birime zigenda kukozesebwa mu kugula ebyuma, okuzimba amaterekero amanene wamu ne ssente ezikozesebwa ku kuddukanya emirimu gya bulijjo.

 

Mateeka ki agalina okugobererwa?

Gano ge mateeka agagenda okugobererwa abanaaweebwa ssente za UDB

  • Ebbanja ettono ennyo lijja kuba lya bukadde 100 UGX ate eddene ennyo lijja kusinziira ku kkomo lya bbanka ssekinnoomu.
  • Okusasula amagoba ga bitundu 12% buli mwaka era amabanja gajja kubeera mu ssente za Uganda.
  • Ebbanja lisobola okumala ekiseera kya myaka egiwerera ddala 15 be ddu.
  • Osobola okuweebwa akalembereza okutuuka ku myaka esatu (3)

Mitendera ki omuntu gy’alina okutuukiriza okusobola okuweebwa ssente?

Okusobola okuweebwa omukisa, bizinesi erina okuba ng’egwa mu limu ku matabi agaanokoddwayo waggulu, nga yawandiisibwa mu Uganda ate nga ya banna Uganda. Pulojekiti endala ziyinza okuweebwa omukisa ssinga ziba zirina enkizo mu kukulaakulanya eby’enfuna by’eggwanga wadde nga tezigwa mu kkowe eryo waggulu.

Ekirala, omusingo oba okuwaayo omugabo kuyinza okwetaagisa okusinziira ku pulojekiti ez’enjawulo wamu n’obuzibu bwe ziyinza okusisinkana. Bizinesi zisobola okuba nga zitandika butandisi naye nga zirina obusobozi bw’okuteekawo enjawulo mu by’enkulaakula oba ezo ezibaddewo naye nga zandyagadde okugaziwa.

Bannannyini bizinesi bateekeddwa okulaga nti pulojekiti gye basabirako ssente esobola okuyimirirawo era bateekeddwa n’okulaga emirimu gyabwe engeri  gye giyambamu oba okukosa embeera z’abantu wamu n’eby’enfuna byabye. Wasobola okuteekebwawo obukwakkulizo obulala bwonna nga bwe kiyinza okwetaagisa.

Amateeka gonna n’ebiwandiiko ebyetaagisa bisangibwa ku mukutu guno: https://docs.google.com/forms/d/e/1FAIpQLScver8O_hfPNGrSCKGpFGzbv6np8WFUgfBEY7_apqUvzp3VuQ/viewform.

Osobola okuteekayo okusaba kwo ng’oyita ku mutimbagano oba okufuna empapula okuva ku Ofiisi yaabwe enkulu ku Rwenzori Towers oba ku ttabi lya Post Bank lyonna erikuliraanye. Okusobola okukakasa obusobozi bwo, oyinza okusabibwa ebiwandiiko ebirala wamu n’okubuuzibwa ebibuuzo ebyenjawulo.

Endagiriro;

Uganda Development Bank (UDB)

Plot 6 Nakasero Road, 1st Floor, Wing B, Rwenzori Towers

P.O BOX 7210, Kampala, Uganda

Essimu: 0414355509/0414355550

Website: www.udbl.co.ug

Email: clientrelations@udbl.co.ug.

As part of the strategy to ensure that the economy recovers from the COVID-19 pandemic, the President of Uganda allocated UGX 1.045 Billion to Uganda Development Bank (UDB) to offer low-interest financing to manufacturing, agribusiness, and other private sector firms to support the production of essential goods and goods for import substitution and export promotion. Uganda Development Bank is a government-owned institution with a mandate to finance enterprises in key growth sectors of the economy. Here is what you need to know about the financing program.

What products and services will UDB offer?

UDB offers financial and non-financial products and services, including asset financing, equity investment, short- and long-term financing, and farmer group lending models. Non-financial services include business advisory services and project preparation.

What are the key priority industries that will be considered for financing by UDB?

  • Food & beverages, textile clothing, hides and skins, paper printing, packaging and publishing & wrapping materials, timber, wood works& furniture manufacturing, construction material, pharmaceutical, human/animal drugs, and electrical
  • Medical equipment and products including machinery, ventilators, personal protective equipment/PPE
  • Production of essential goods and services including agricultural production

Other industries will be considered on a case by case basis.

What kinds of projects are eligible for financing by UDB?

UDB has aligned its operations with the National Development Plan, with specific interventions in key major sectors including agriculture, agro-Industrialization/agro-processing, and manufacturing aimed at the production of essential goods and services for export promotion. Funding will go towards acquisition of farm inputs, acquisition of farm mechanized equipment, improving farming methods, breeds, crop, livestock and harvest and post-harvest handling management. Agro-processing funding will cater to purchase of agro-processing equipment for value addition, construction of warehouses, plants and machinery, and working capital financing.

What are the terms?

Financing will be offered with the following terms:

  • Loan minimum of UGX 100 million with the maximum dependent upon the bank’s limit
  • An interest rate of 12% per annum for borrowing in UGX
  • Loan term of up to 15 years
  • Grace period of up to 3 years

What are the criteria to qualify for financing?

To qualify, a business must operate within the sectors listed above, be registered in Uganda, and be owned by Ugandans. Exceptions may be considered for strategic projects that have a developmental impact on the economy. In addition, collateral and/or an equity contribution by the owner may be required, depending on the specific project and associated risk. Businesses can be either startups with a high potential for development impact or existing businesses seeking expansion. Owners must demonstrate the feasibility of the business and project for which financing is being requested. Businesses should also demonstrate social-economic and viability. Other criteria may apply.

All terms and required documents are available here: https://docs.google.com/forms/d/e/1FAIpQLScver8O_hfPNGrSCKGpFGzbv6np8WFUgfBEY7_apqUvzp3VuQ/viewform.Applications may be downloaded and submitted online, or hard copies may be obtained at UDB’s Head Office at Rwenzori Towers or any post bank branch near you. More documentation or follow-up questions may be asked of you as part of the appraisal process.

Contact Information

Uganda Development Bank (UDB)

Plot 6 Nakasero Road, 1st Floor, Wing B, Rwenzori Towers

P.O BOX 7210, Kampala, Uganda

Telephone: 0414355509/0414355550

Website: www.udbl.co.ug

Email: clientrelations@udbl.co.ug.


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.

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:


Okupima akatyabaga emirimu gyo mwe giri

Okupima akatyabaga emirimu gyo mwe giri

Ekibiina ekigatta abakozi mu nsi yonna ekya International Labour Organization (ILO) kigunjizzawo enkola y’okwekebera , okuyamba amakolero amatonotono okumanya butya bwe gayimiridde mu kiseera kino ekya ssennyiga omukambwe.

Omukutu gwa Covid 19 Business Info Hub gwateeseteese obukodyo obugenda okukozesebwa mu Uganda.

Ebigendererwa by’enkola eno kwe kuyamba amakolero amatonotono ng’eriryo okusobola okuzuula oba gali mu katyabaga olw’ekirwadde kino. Enkola eno etunuulira ennyingo nnya eziba ez’omugaso ennyo mu nzirukanya y’emirimu ezituumiddwa 4Ps okusinziira ku kibiina kino ekya ILO:

People

Abakozi n’ab’omu maka gaabwe bakoseddwa batya ekirwadde kya senyiga omukambwe?

Processes

Yo engeri gy’oddukanyamu emirimu gyo egya buli lunaku ekoseddwa etya?

Profits

Ate byo eby’enfuna mu mirimu gyo bikoseddwa kyenkana ki?

Partnerships

Byo ebintu n’embeera eyeetoolodde w’okolera ekoseddwa etya ekirwadde kino ekyaa senyiga omukambwe?


Bbanka enkulu eya Uganda emabegako katono yakendeeza ku magoba kw’ewolera zi bbanka endala eziri mu ggwanga (Central Bank Rate).

Abaffe CBR kyeki era okugikendeeza kitegeeza ki eri emirimu gyange?

Central Bank Rate (CBR) ge magoba bbanka ya Uganda enkulu (Bank of Uganda) kwewolera zi bbanka endala eziri mu ggwanga. Ssinga amagoba gano gongezebwa, kino kiba kigendererwamu okukendeeza ku muwendo ogutwalibwa wamu n’okuziyiza ensimbi z’eggwanga okunaabuuka. Ku luuyi olulala ssinga gakendeezebwa, ekiba kiruubirirwa kwe kwongera ku muwendo ogutwalibwa okusobola okutumbula emirimu wamu n’ebyenfuna by’eggwanga.

Bye weetaaga okumanya

  • Nnawookeera wa ssennyiga omukambwe akyagendera ddala mu maaso n’okukosa eby’enfuna by’eggwanga. Okusinziira ku bikunganyizibwa bbanka ya Uganda enkulu okupima embeera y’ebyenfuna nga bweyimiridde mu ggwanga buli mwezi, biraga nti eby’enfuna by’eggwanga byakendeera n’ebitundu bina ku buli kikumi (4.0%)mu mwezi gwa Kafuumuulampawu (April) ekiraga okukendeera okw’olugenderezo mu mirimu egivaamu ensimbi.

Nate okusinziira ku Stanbic Bank, ebipimo by’embeera y’eby’obusuubuzi nga bweba eyimiridde ku katale mu by’amakolero wamu n’obuweereza biraga nti byali wansi wa bubonero ataano omwezi ogw’okusatu ogw’omuddiringanwa mu mwezi gwa Muzigo (May) 2020 ekyoleka nti n’ebifulumizibwa mu makolero nabyo byali bikendedde.

 

  • Newankubadde ng’okukendeera mu by’enfuna by’eggwanga kubadde kwa maanyi nnyo mu kitundu eky’ebibiri by’okuna eky’omwaka gwa 2020, waliwo essuubi nti bijja kutereera mu kitundu eky’okusatu wamu n’eky’okuna. Okutwalira awamu, ensaasaanya mu maka, okusiga ensimbi, ebitundibwa ebweru w’eggwanga wamu n’ebyo ebiyingizibwa byonna bisuubirwa okukendeerako mu mwaka gwa 2020.

Okusinziira ku mbeera eyo, Bbanka ya Uganda enkulu yakkakkanyizza ku ssuubi lye yalina ku nkulaakulana mu by’enfuna nga bwe byali birowoozebwa mu kusooka mu mwezi gwa Kafuumuulampawu (April) okuva ku bitundu 3 okutuuka ku 4 ku buli kikumi mu 2020 n’erizza ku bitundu 2.5 okutuuka ku 3.5 ku buli kikumi.

Okusinziira ku mbeera nga bw’eyimiridde mu by’enfuna, Bbanka ya Uganda enkulu yasazeewo okukendeeza ku muwendo kwewolera zi bbanka endala ng’etoolako ekitundu kimu ku buli kikumi (1%) ne bidda ku bitundu musanvu ku buli kikumi (7%)era esuubira nti ebitongole by’eby’enfuna ebirala nabyo bijja kukendeeza ku miwendo gy’okwewola kizzeemu abasuubuzi amaanyi basobole okwewola.

Tuukirira bbanka yo okumanya ebisingawo ku miwendo gy’okwewola nga bwe giyimiridde kaakano.

The Bank of Uganda recently reduced the Central Bank Rate (CBR). 

What is the CBR, and what does this reduction mean for my business?

The Central Bank Rate is the interest rate at which the Bank of Uganda (BoU) lends money to domestic banks.  Ideally, an increase in the CBR would aim to slowdown demand and reduce inflation, while a decrease in the CBR would be intended to increase demand and boost the overall level of economic activity in the economy.

What you need to know:

  • The COVID-19 pandemic continues to have severe effects on Uganda’s economy. Bank of Uganda’s (BoU)Composite Index of Economic Activitycontracted by 0 percent month-on-month in April 2020, indicatingcontinuous shrinkage ofeconomic activity. The Stanbic Bank Purchasing Managers’ Index (PMI) remainedbelow the 50 mark for the third consecutive month in May 2020, indicating a sustained contraction inindustrial production.
  • While the economic slowdown has been severein the second quarter of 2020, a gradual recovery isexpected to set in during the third and fourth On the whole, household expenditure, investment,exports and imports are projectedto decline in 2020. Accordingly, BoU has revised down its projection ofeconomic growth to arange of 2.5 to 3.5 percent in 2020 from the April 2020 forecast of 3 to 4 percent.

Based on an assessment of the current and evolving macroeconomic situation, BoU has reduced the Central Bank Rate (CBR) by 1 percentage point to 7 percent and expects financial institutions will reduce their lending rates, meaning that the cost of credit will be lower, to encourage businesses to borrow. Reach out to your bank of choice for more information on current lending rates.