Startups need support to rise from this pandemic

In May 2020, the United Nations Capital Development Fund (UNCDF) compiled its findings on the impact of COVID-19 on Ugandan Small and Medium Enterprises (SMEs). The UNCDF report indicated that only about 15 per cent of surveyed companies could sustain more than three months of operation on their cash flow at the time. The report […]

Growth of tech-preneurship is on track but threatened by internet tax

The 12 per cent levy on internet bundles recently approved by Parliament under the Excise Duty Amendment Bill 2021, will further deny startups and entrepreneurs a chance to grow their businesses.  Ahead of the 2021/2022 budget reading slated for June 10, 2021, scrapping Over-The-Top tax (OTT) should have been an opportunity for the government to […]

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