18 February 2018

Uganda: Stanbic Set to Open a Business Incubator in Kampala

Kampala — Uganda's largest commercial bank, Stanbic, is set to open a business incubator to stir growth of small and medium enterprises countrywide.

"The incubator will provide an enabling environment for SMEs to enhance their capacity, enabling their businesses to survive, operate successfully and grow," Stanbic Bank CEO, Patrick Mweheire, said recently during Skilling and Local Content Forum in Kampala.

Latest figures show there are about 160,000 micro, small and medium enterprises (MSMEs) in Uganda.

However Mweheire said although Uganda ranks as a top entrepreneurial country in the world, few of these enterprises survive for very long.

Some 80% do not make it to their third birthday yet 2.5 million people are employed in this segment of the economy.

Uganda

Woman Arrested Over Murder of Husband

Police in Ibanda district are holding a 45- year-old woman on allegations of murdering her husband in March. Read more »

See What Everyone is Watching

Copyright © 2018 The Independent. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.