Borrowing money for capital could be a recipe for business failure among small and medium entrepreneurs.
This is according to the Executive Director of Enterprise Uganda Charles Ocici.
Ocici’s argument is premised on reports that 50 percent of business start-ups in Uganda do not leave to see their 5th birthday.
Speaking to KFM, Ocici said younger entrepreneurs need to avoid borrowing money to start business but rather depend on their savings.
By Philip WafulaPresident Museveni on Tuesday released his Cabinet list, appointing five new ministers from Busoga Sub-region, including former Speaker of Parliament Rebecca Kadaga, who was...
By Damali Mukhaye Over 600 private schools across the country are on the verge of being sold due to accumulated loans following the second partial lockdown...
By David Vosh Ajuna The Ministry of Finance has slapped a harmonized excise duty rate of 12% on airtime, value-added services and internet data as substitute for Uganda’s...
The Kakumiro Woman MP and Prime Minister-designate of Uganda, Hon. Robinah Nabbanja, has asked Ugandans to trust her because leadership comes from God. Nabbanja says Ugandans...
By Damali Mukhaye The opposition Forum for Democratic change president, Patrick Amuriat has cautioned the party members to desist from attacking their former Deputy president, Joyce...
Kampala's #NumberOne radio station for better information and the best music ! KFM is a subsidiary of Nation Media Group;
@NationMediaGrp
