By Our Reporter In Africa, the sources of business capital are usually personal funds, family, friends and loans. The first three are usually the ideal sources while the fourth is the most realistic. As such access to affordable and readily available credit is key to the success and sustainability of businesses. Big and well-established businesses […]
By Our Reporter One of the biggest challenges faced by Ugandan migrant workers working in the Diaspora is money remittance. The cost of sending money is very high, ranging between five and ten dollars for transferring little amounts. On top of this, many have been defrauded of their hard-earned money – sometimes by their own […]
By Our Reporter Many Ugandans are full of business ideas but their biggest bottleneck is the lack of capital and inability to access credit. For a financial institution to give your business a loan, they will ask for a trading license, national ID, bank statement, tax report among others.They therefore get stuck in the informal […]
Almost everyone has ever received a phone call or text with the person on the other side saying that s/he has an emergency and urgently needs financial assistance. Such communication takes a lot of guts, and somewhat courage on the side of the requester because reaching out for help is never a guarantee that you […]
Anyone doing business in Uganda will tell you that paying rent is one of their biggest nightmares. Whether you have made profits or not; whether you have spent the month sick or away attending to a patient, or whether you were in a Covid-19 lockdown; the landlord will always want their rent paid in full […]
Many young corporates harbor dreams that would satisfy their heart’s desires. They would like to have nice cars, trendy phones, beautiful TV sets, durable furniture, name it! But their meager salaries are only enough for the daily essential needs. So, they keep dreaming!However, PayLater Uganda has come to make these dreams a reality by introducing […]
With the worsening economic situation in the country, on top of the effects of the Covid-19 pandemic, most Ugandans have resorted to seeking short-term loans from friends and family to make ends meet. But this is an unsustainable scenario because even those friends are struggling too, trying hard to survive with the little they have.And […]
Regardless of how persuasive loan advertisements are, getting credit in Uganda is one complicated hustle; more so for those in the informal sector – who happen to be the huge majority. When one visits a formal financial institution, the paperwork, waiting time and costs involved to process a loan become a huge turn-off. This forces […]
The word Kawu must be familiar to whoever attended boarding schools in Uganda. Kawu is that period in a boarding school when a student’s pocket money and grab – read packed eats and drinks – are over and the only thing left to feed on are the meals served by the school kitchen. These meals […]
No serious storyteller can narrate Uganda’s post-independence story without giving prominence to the famous Luweero triangle. It is that pivotal but that is a story for another day. For decades, farmers in Uganda have earned very little, sometimes nothing from their produce and farmland due to issues such as failure to source the right inputs, […]
