Browsing: MSMEs

Uganda’s Micro, small and medium enterprises (MSMEs) that have been greatly affected by the COVID-19 pandemic are going to access affordable credit to help them get back into business.

This is after the launch of the COVID-19 recovery and resilience programme by Brac Bank and Brac Uganda, a non-governmental Organisation, with support from Mastercard Foundation.

The program aims at supporting the recovery of Uganda’s MSMEs that have been greatly affected by the pandemic.

Speaking during the launch of the programme in Kampala, Jimmy Onesmus Adiga the managing director Brac Uganda Bank, said the programme is intended to improve economic access and recovery for 5,400 women group borrowers, with access to microloans at a low-interest rate.

He also added that the funds will help build the capacity of Brac’s 2,891 community health workers and ensure their safety as they work to reduce coronavirus infection rates.

George Matete the director Brac NGO …

As Kenya’s SME sector grows through a tough economic time, mentors are increasingly targeting the sector to offer guidance to small businesses.

The latest entrant is Wylde International which has invested Sh50 million in a one-stop-shop entrepreneurs centre in Nairobi dubbed SNDBX.

SNDBX gives entrepreneurs and SMEs timely and personalised access to round the clock business growth experts to help face challenges they are experiencing.

The centre is an all-access pass to more than 20 experts including finance, human resources, tax, legal, branding, marketing, debt collection, innovation, governance and risk management among others.

Speaking during the launch, Wylde International Chief Executive Joram Mwinamo, said the move was necessitated by the need in the market to help entrepreneurs scale up.

“An environment where ambitious entrepreneurs have a supporting cast of seasoned professionals. The SNDBX is a First of its kind in the world, developed over 10 years of working with entrepreneurs, …