Business

The implementation of Pearl Bank's approach to supporting small and medium-sized enterprises involves expanding access to finance as a basic condition for scaling up activities
Uganda

The implementation of Pearl Bank's approach to supporting small and medium-sized enterprises involves expanding access to finance as a basic condition for scaling up activities

Pearl Bank has approached representatives of small and medium-sized agribusiness (Agri-SME) with a proposal to actively use available credit resources to scale up operations, increase efficiency and support the process of economic transformation in Uganda. This initiative was announced following the results of a three-day educational intensive course conducted by Pearl Bank together with experts from Ronalds in Africa.

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DR Congo

The Debout Congolais program overcomes structural barriers for entrepreneurs in the DRC

The presidential program «DEBOUT CONGOLAIS» is part of a government strategy aimed at stimulating entrepreneurship, industrialization and job creation in the Democratic Republic of the Congo. Many areas of this initiative were laid under the leadership of Louis Watuma Kabamba, when he headed the Ministry of Industry and Development of Small and Medium-Sized Enterprises (SMEs).

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PNDA launches «Matching Grants» to finance farmers in Central Kasai

PNDA launches «Matching Grants» to finance farmers in Central Kasai

Farmers in Central Kasai are experiencing difficulties in developing their businesses due to an acute shortage of production facilities and resources for agriculture, which is compounded by ongoing financial instability. To overcome these difficulties and increase productivity at the local level, the National Agricultural Development Program (NPSD) has launched a subsidy mechanism called «matching grants». This program is aimed at small producers and their organizations in order to increase their income.

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Kenya

KNCCI warns that the tobacco bill could harm businesses and promote illegal trade

The Kenya National Chamber of Commerce and Industry (KNCCI) has officially expressed concern over the proposed amendment to the Tobacco Control Bill, 2024. While the House supports the government's public health goals, it warns that the bill in its current form establishes overly restrictive and duplicative rules that could create problems for legitimate businesses, especially micro, small and medium-sized businesses.

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Uganda

Tanzania and Uganda have signed a memorandum of understanding to deepen cooperation in the field of tourism

Tanzania and Uganda have signed a memorandum of understanding (MoU) to strengthen cooperation in the tourism sector, while stakeholders are calling for urgent infrastructure improvements to unlock the country's full potential. The document is aimed at strengthening bilateral cooperation in the field of tourism. The agreement focuses on joint promotional efforts and the creation of multi-destination travel packages aimed at encouraging visitors to explore a wider range of attractions across East Africa.

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Uganda

The Ugandan parliament has passed an amended sovereignty bill after a warning from the Central Bank

The Ugandan Legislative Assembly has approved a rule-making act «on the protection of state sovereignty» designed to deter interference from abroad. This decision was made only after a significant correction of the document, caused by concern that the original editions could lead to the «destruction of the economy». Currently, this legal act is awaiting approval from the Head of State, Yoweri Museveni.

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