In its most basic form, management accounting allows a business to control its operations and take informed decisions in line with its performance objectives. For small and growing businesses, management accounting is a way to ensure that the business stays within its means as it grows. Indeed, management accounting is crucial for entrepreneurs as it
Investment in agriculture is key to ending hunger and poverty in Africa. Statistics by the European Commission show that, in Africa, agriculture accounts for 65% of total employment and 32% of GDP. Most importantly, agribusinesses tackle food insecurity on two fronts – stimulating increased food production on the one hand and creating wealth for smallholders
Passion, persistence and perseverance are the hallmarks of Lamech Asabyara Ruronyi Kiiza, who started his career as a cashier at Red Fox Bureau but has grown leaps and bounds since to establish his own forex trading entity, La Cedri Forex Bureau. It has been an enriching experience of over two decades for Lamech, who started
KAMPALA, Uganda, September 24, 2015 Wednesday 23 September marked the official launch of the GroFin Small and Growing Businesses (SGB) Fund. It aims to catalyse sustainable job creation through supporting small and growing businesses in Uganda, Kenya, Tanzania, Rwanda, Ghana, Nigeria,Zambia, South Africa and Egypt. The Fund aims to support over 9,800 under-served entrepreneurs and
KAMPALA, Uganda, September 14, 2015 Wednesday 23 September 2015 will mark the official launch of the GroFin Small and Growing Businesses (SGB) Fund in Africa that aims to catalyse sustainable job creation through supporting small and growing businesses in Ghana, Nigeria, Uganda, Zambia, Kenya, South Africa, Rwanda, Tanzania, and Egypt. The Fund was co-created by GroFin, a
Walter Ogwal will assume the role of GroFin East Africa Regional Investment Director in October 2014.The former senior banker has a passion for growth finance and a track record in assisting entrepreneurs of small and growing businesses to navigate the myriad of challenges speaks for itself. GroFin looks forward to his continued success in creating sustainable positive socioeconomic impact throughout the region.
There’s a revolution going on here in Africa. It’s not televised – but it’s transmitting across nearly a billion mobile phones across the continent. Africa has experienced the fastest growth in cell phone subscribers in the world. From the savannahs to shanty towns, the safaris to the swamps, it has become the world’s second most
Shifting economies by making money accessible In Uganda, there is only one bank branch for every 100,000 people. Chims Enterprises MTN Mobile Money was launched in August 2009 by Norman and Fiona Mutekanga to provide a convenient, secure, and affordable way of sending and receiving money to people who were desperate be included in economic