Companies should look for more financial options other than commercial banks to set up shop.
The Managing Director of National Social Security Fund, Richard Byarugaba says dependence on financial institutions for long term financing could cost companies longevity on the market.
Speaking at the launch of the Top 100 mid-sized companies’ survey 2013 today, Byarugaba notes that most companies depend solely on banks yet options such as the stock exchange and bonds could go a long way in keeping companies afloat.
The Top 100 mid-sized companies’ survey 2013, seeks to identify fast growing Small and Medium Enterprises in order to showcase business excellence.
The Managing Director of Monitor Publications Ltd, Alex Asiimwe says over the years, companies that have been recognised in the survey have been able to boost their brands and financial discipline embraced.