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TWO DAYS TO GO! Application for Kampala SMEs Accounting & Financial Management Systems Program Closes This Friday (See How to Apply)

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Kampala-based Small and Medium Enterprises (SMEs) seeking to deepen their financial management and accounting skills have up to close of business on Friday, October 07, 2022 to apply for this year’s edition of the Imuka Access Accounting and Financial Management Systems Program.

Imuka Access has partnered with University of Chicago, Booth School of Business  in collaboration with Uganda Investment Authority (UIA), Ministry of Trade Industry and Cooperatives (MTIC), East Africa Venture Capital Association (EAVCA) to organize a three(3)-month program for high-growth businesses called Accounting and Financial Management Systems Program.

This program aims to support the future growth, development and access to finance opportunities of participating businesses by providing hands-on training on accounting and financial management best practices.

The program has been established due to limited financing and investments in SMEs in the country, resulting from informal nature of many business operations, lack of knowledge of, and relevant documentation due to poor accounting and financial management practices amongst SMEs. These also explains the high business mortality rate in amongst SMEs despite being highly entrepreneurial.
The program will support up to 150 SMEs that have already created more than 10 full-time jobs as a way of helping these businesses become more attractive to financing and also to grow sustainably while creating more job opportunities.

The program will involve dedicated personalized training, coaching the implementation and adoption of accounting and financial management practices by a highly trained external professional financial expert/CFO over a period of 3 months. Program participants will gain a deeper understanding of costing methodologies, financial record keeping best practices and budgeting and financial planning techniques among other valuable business skills.

At the end of the program, the participants will be able to submit application forms for financing with standard criteria that will be evaluated by potential capital providers and investors.

Details on how to apply for the program are Here

ABOUT THIS TRAINING’S PARTNERS

University of Chicago, Booth School of Business

The University of Chicago Booth School of Business (Chicago Booth or Booth) is the graduate business school of the University of Chicago.

Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 9 Nobel laureates in the Economic Sciences, more than any other business school in the world. The school has the third-largest endowment of any business school. Chicago Booth’s MBA program is ranked No. 1 in the U.S. by U.S. News & World Report and Forbes, and Number One globally by The Economist.

Imuka Access

A technology driven social enterprise that facilitates access to affordable financing and business development support to entrepreneurs in Uganda, East Africa and beyond. Imuka Access targets early stage businesses that are already generating revenue with potential to grow and scale commercially with impact. It believes in the power of entrepreneurship as a driver of economic growth, employment and poverty reduction in developing economies.

Uganda Investment Authority (UIA)

A Government of Uganda agency mandated with promoting investment opportunities in Uganda

Ministry of Trade, Industry and Cooperatives (MTIC)

A Government of Uganda Ministry tasked with a mission to develop and promote a competitive and export-driven private sector through the acceleration of industrial development.

EAVCA (East Africa Venture Capital Association)

The East Africa Venture Capital Association (EAVCA) was founded in 2013 to represent the private equity industry in East Africa and provide a voice for industry players to raise awareness and engage on regional policy matters.

Today, EAVCA serves as the interlinking platform for public stakeholders, local businesses, and private investors, building on dialogue and industry insights to create a sustainable, informed eco-system that advances economic growth, social and environmental welfare and wealth creation in the region.

You can also apply Here and See Program There.

BIG OPPORTUNITY: Over 150 SMEs To Benefit From Funding And Training, Here’s How To Apply

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Over 150 Small Medium Enterprises (SMEs) are set to benefit from a three months training courtesy of the Uganda Investment Authority, Ministry of Trade, Industries and Cooperatives, Imuka Access and University of Chicago Booth For Business Studies.

The program dubbed Accounting and Financial Management Systems Program gives chance to employees with training in Accounting and Financial Management Systems and later those who would have been selected will land a funding opportunity worth millions.
The first phase of this program is being enrolled in the greater Kampala metropolitan area in the districts of Mukono, Kampala, Wakiso and Entebbe and will run for three months on site and will be enrolled in other regions.

To apply for this training and funding opportunity, CLICK HERE and applications are on-going until the 07th October 2022. 

BREAKING: Famous Ugandan Female Musician Dies In Accident-Alimpa And Ndugga In Critical Condition

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Sad news making rounds this morning indicate that Musician Lady has died in a grisly accident in Semuto in Nakaseke district.

Musician Lady Grace Who Passed on

Lady Grace known for her song ‘Layila’ which she collaborated with Izon T is said to have been traveling with Musicians Hassan Ndugga, Ronald Alimpa of ‘Lusuku Lwa Seminti’ and Raga Fire.

In the videos making rounds on social media, Lady Grace’s lifeless body is seen laying in the car as rescuers struggles to save the other three musicians Alimpa, Ndugga and Raga fire who sustained serious injuries.

CLICK HERE TO APPLY FOR THE FREE TRAINING AND FUNDING FOR SMEs

Police is yet to issue a statement on the details of the accident.

More details will come through as they unfold.


If you have a story in your area or an opinion article, let’s publish it. Send us an email via editorial@accordconsults.com or WhatsApp +254797048150

Here’s Why The Upcoming Training By University Of Chicago, Imuka Access Is a Must-Attend For Ugandan Businesses

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Reports by organizations such as the Global Entrepreneurship Monitor (GEM) have in recent years ranked Uganda amongst the most entrepreneurial countries in the world. But most of the startups do not stay long on the business scene.

Some of the reasons for the high mortality rate of business startups are lack of financing and poor management. With the disruptions caused by the Covid19 pandemic, the resilience of Small and Medium Enterprises (SMEs) was put to a great test, making the need for support to these businesses even more urgent.

It is against this background that University of Chicago, Booth School of Business, has partnered with Imuka Access in collaboration with Uganda Investment Authority (UIA), Ministry of Trade Industry and Cooperatives (MTIC), and East Africa Venture Capital Association (EAVCA) to put together the Accounting and Financial Management Systems Program, a three-month initiative for high-growth businesses.
Business experts from University of Chicago, Booth School of Business, Imuka Access and other partners are well aware of the limited financing and investments in SMEs in the country, which are partly caused by the informal nature of many business operations, lack of knowledge of, and relevant documentation due to poor accounting and financial management practices amongst SMEs.

 APPLY FOR THIS BUSINESS TRAINING OPPORTUNITY TODAY BY CLICKING ON THIS LINK.

The above factors are also responsible for the high business mortality rate amongst Ugandan SMEs.

This training program is a must-attend for Ugandan SMEs because experts from partner organizations will over the course of three months support the future growth, development and access to finance opportunities of participating businesses. Companies and their staff will also be offered hands-on training on accounting and financial management best practices.

The program will support up to 150 SMEs that have already created more than 10 full-time jobs to become more attractive to financing. These select enterprises will also be helped to attain sustainable growth so that they can create more jobs.

The other interesting aspect of this training program is that there will be dedicated personalized training, coaching the implementation and adoption of accounting and financial management practices by a highly trained external professional financial expert over the period of three months.

By the end of the program, program participants are expected to have gain a deeper understanding of costing methodologies, financial record keeping best practices and budgeting as well as financial planning techniques among other valuable business skills.
In addition, participating SMEs will be supported to submit application forms for financing with standard criteria that will be evaluated by potential capital providers and investors.

 APPLY FOR THIS BUSINESS TRAINING OPPORTUNITY TODAY BY CLICKING ON THIS LINK.

UIA, Imuka Access Partner With University Of Chicago To Train Entrepreneurs In Uganda

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University of Chicago, Booth School of Business has partnered with Imuka Access in
collaboration with UIA(Uganda Investment Authority), Ministry of Trade Industry and
Cooperatives, EAVCA(East Africa Venture Capital Association) to organise a three(3)-month
program for high-growth businesses called Accounting and Financial Management Systems
Program.

This program aims to support the future growth, development and access to finance opportunities of participating businesses by providing hands-on training on accounting and financial management best practices.

The program has been established due to limited financing and investments in SMEs in the
country, resulting from informal nature of many business operations, lack of knowledge of, and relevant documentation due to poor accounting and financial management practices amongst SMEs. These also explains the high business mortality rate in amongst SMEs despite being highly entrepreneurial.

The program will support upto 150 SMEs that have already created more than 10 full-time jobs as a way of helping these businesses become more attractive to financing and also to grow sustainably while creating more job opportunities.

The program will involve dedicated personalized training, coaching the implementation and
adoption of accounting and financial management practices by a highly trained external
professional financial expert/CFO over a period of 3 months. Program participants will gain a
deeper understanding of costing methodologies, financial record keeping best practices and
budgeting and financial planning techniques among other valuable business skills.
At the end of the program, the participants will be able to submit application forms for financing
with standard criteria that will be evaluated by potential capital providers and investors.
For applications for the program and more details visit: http://app.imuka.co/

More about the partners.
University of Chicago, Booth School of Business; The University of Chicago Booth School of
Business (Chicago Booth or Booth) is the graduate business school of the University of Chicago.

Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 9 Nobel laureates in the Economic Sciences, more than any other business school in the world. The school has the third-largest endowment of any business school. Chicago Booth’s MBA program is ranked No. 1 in the U.S. by U.S. News & World Report and Forbes, and No. 1 globally by The Economist.

Imuka Access; A technology driven social enterprise that facilitates access to affordable financing and business development support to entrepreneurs in Uganda, East Africa and beyond.

Imuka Access targets early stage businesses that are already generating revenue with potential to grow and scale commercially with impact. It believes in the power of entrepreneurship as a driver of economic growth, employment and poverty reduction in developing economies.

Uganda Investment Authority (UIA); A Government of Uganda agency mandated with promoting investment opportunities in Uganda

Ministry of Trade, Industry and Cooperatives (MTIC); A Government of Uganda Ministry tasked with a mission to develop and promote a competitive and export-driven private sector through the acceleration of industrial development.

EAVCA(East Africa Venture Capital Association) The East Africa Venture Capital Association
(“EAVCA”) was founded in 2013 to represent the private equity industry in East Africa and provide a voice for industry players to raise awareness and engage on regional policy matters.

Today, EAVCA serves as the interlinking platform for public stakeholders, local businesses, and private investors, building on dialogue and industry insights to create a sustainable, informed eco-system that advances economic growth, social and environmental welfare and wealth creation in the
region.

OWEYEGHA-AFUNADUULA: Why Uganda’s Judiciary Cannot Be Meaningful And Effective

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By Oweyegha-Afunaduula

After my article “Why the Parliament of Uganda Cannot be Meaningful and Effective”, I am hardput to write another “Why the Judiciary of Uganda Cannot be Meaningful and Effective”. The words Meaningful and Effective are used here to mean exhibiting relevance to Ugandans and manifesting as constitutionally tasked.

According to www.judiciary.go.ug the Mission of the Judiciary of the Republic of Uganda is “To be an independent, trusted and accountable Judiciary that administers justice for All through solving conflicts between individuals and between individuals and the State, and to interpret the Constitution and the laws of Uganda.

The mandate of the Judiciary is enshrined in Article 126 (1) of the Uganda Constitution 1995 that Judicial power is derived from the people and shall be exercised by the Courts established under the Constitution in the name of the people in conformity with the law and with the values, norms and aspirations of the people and country.

It is, however, necessary to observe right away that, although the Uganda Constitution 1995 guarantees independence of the Judiciary, in reality there has been no political will to ensure that this independence is not violated. Indeed political interference in judicial processes has been the rule rather than the exception.

By the Constitution assigning the power of appointment and approval to the President of Uganda, it created a straight avenue for the Executive to interfere in the workings of the Judiciary.

That indeed the President of Uganda would want to place the Judiciary under his armpit was clear when in the 1990s he announced that he would appoint NRM Party cadre judges, ostensibly to combat corruption in the Judiciary itself and the country.

Very early in his rule, the President showed that Uganda was more or less his personal property. He proceeded to appoint cadre judges. These included Bart Katureebe, Steven Kavuma, Augustine Nshiimye and Jotham Tumwesigye and Faith Mwondha.

Bart Katureebe went on to be named Chief Justice of Uganda and Steven was named Deputy Chief Justice. There must be a heavy burden of cadre magistrates at the lower levels of the Judiciary. Some Magistrates have attracted criticism about the unprofessional way they administer justice.

Retired Justice George Kanyeihamba and Law don Mayambala, cited by The Independent of 21st November, 2016, were convinced that President Tibuhaburwa Museveni wanted to have full control over the Judiciary through his NRM cadre judges.

Kanyeihamba said some of the judges were corrupt, and that when he was tasked to investigate corruption in the Judiciary, two of the most corrupt judges were promoted to the Supreme Court and Court of Appeal even before his report was out.

They were NRM Cadre Judges. Justices Remmy Kasule and Egonda Ntende, who are not NRM Cadre judges, are said to have passed interviews by the Judicial Commission for top positions on the two top Courts, but their names were deleted from the list of promotions, according to the Daily Monitor of 29th April 2016.

It is unlikely that a Judiciary that the President wants to be under his armpit with trusted NRM Cadre judges can be instrumental in fighting corruption. The imprégnation of the Judiciary with NRM cadre judges is responsible for erosion of independence, integrity, quality and performance of the arm of Government.

It is also pivotal in the rise of corruption in the Judiciary. Indeed Retired Justice Tsekooko (2016), cited by Daily Monitor, and respected law scholar Fredrick Ssempebwa (2017), cited by the Observer, were convinced that the determination of the President to imprimante the Judiciary with NRM Party cadres was harming the Judiciary.

Retired Justice Tsekooko asserted that some judges consult politicians before they make judgements, which is destroying the image of the Court system. The cadre judges judge according to political allegiance, not evidence available.

Prof Ssempebwa was unequivocal when he said, ” With cadre judges you are unlikely to have justice”. It is also true that non-cadre judges would operate under fear of being reported by their colleagues to the Appointing Authority.

It is not a secret that former Deputy Justice Steven Kavuma and the current Chief Justice Alfonse Winy-Dollo were among the 7 People who registered the NRM as a Political Party when President Tibuhaburwa Museveni opened political space for political pluralism following a referendum he organized for the purpose in 2005.

The question is: Which justice do NRM cadre judges pursue if they put their membership of NRM ahead of politically unencumbered justice? It cannot be short of the justice desired by the President of Uganda, their Appointing Authority.


Such NRM cadre judges have committed political adversaries of NRM to the Military Tribunal, even if they had no genuine cases against them. Others have committed politically enthusiastic young men and women to long prison terms.

Yet others have either denied such Ugandans bail or imposed huge bail money on some politicians. Still others have made some political adversaries of NRM move between their prison cells and the Courts for months or years without justice as if the aim is to subdue them to the powers that be.

So we can ask again: Can the Judiciary of Uganda be meaningful and Effective? The answer is no. Not when the Phenomenon of cadre judges is eating up the body politic of the Judiciary, reorienting it to serve purely political purposes.

Political justice is not justice. It is torture. Meaningful and effective justice is that which is dispensed according to the powers conferred to the Judiciary by the Constitution. Anything short of that is abuse of justice. NRM cadreism in our Judiciary is pollution of justice with NRM political corruption of Court processes.

There is need to rethink the strategy of political cadreism in the Judiciary to rediscover the public trust and confidence in our Court system. What we need to see is a justice system of which citizens are proud as was the case in the past.

We would wish to see a court system where Ugandans go to seek justice saying, “There is justice there and we know we shall get it”, not “There is no justice there, and we know we shall never get it”. Justice is life.

Many are succumbing to death because our courts are corrupted by politics and bribery. It is those with money and politically oriented towards NRM getting justice, and it is those without money getting injustice.

I would like this article to be adequately discussed across all political and academic orientations and even across all social strata. Justice for All is now a matter of life and death, especially now when people politically oriented to the ruling class are grabbing the land of indigenous communities, displacing them and converting them into internal refugees. A politically burdened Judiciary cannot ensure justice for the victims of land grabbing.

For God and My Country.
The Writer Is a Ugandan Scientist And Environmentalist

DISCLAIMER: The views expressed in this article are solely for and belong to the author/ writer. They don’t portray, reflect or represent that of Accord Communications Limited, it’s affiliates, owners or employees. If you have a story in your community or an opinion article, let’s publish it. Send us an email via editorial@accordconsults.com or WhatsApp +254797048150

JUST IN: Parliament Rises Red Flag For Nyege Nyege Festival Set For Next Week

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The famous Nyege Nyege festival that has always taken place in and around Jinja is set to happen next week from 15th to 18th September has got members of parliament who want to stop it from taking place.

This afternoon, when the discussion came up for the event which has been resisted since it’s inception even during the days of former Ethics Minister the Late Father Simon Lokodo, legislators including the speaker Anita Among have placed a red flag for the event that attracts 1000s of foreign tourists to the country.

The explanation by the Minister of State for Tourism Hon Martin Mugarra to defend the event as a hub of tourism met resistance and fell on deaf ears and legislators insisted on having the event called off.

Mugarra said over 8,000 foreigner tourists have already booked tickets for the event but legislators wouldn’t listen, they want the event cancelled sighting immorality they say takes place at Nyege Nyege and protecting their children.

While speaking about the event, former Minister and Tororo women legislator Sarah Opendi says the event is a breeding ground for immorality yet it’s purposely for grown ups not school going children who reported back to school yesterday.

If you have a story in your community or an opinion article, let’s publish it. Send us an email via editorial@accordconsults.com or WhatsApp +254797048150

Accord Communications Unveils Unbeatable Web Hosting Packages

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Accord Communications Limited,  media and I.T company based in Kampala has unveiled a world class web hosting, domain registration, web design and mobile app development platform in Uganda.

The hosting platform is already live on www.accordhost.com registers Top Level Domains (TLDs) like .com, .info, .org, .net etc. They also register country code Top Level Domains (ccTLDs) in three East African countries in Uganda, Tanzania and Kenya. All .ug, .ke, .tz, .za,.uk, .us domain extensions are available in one place.

Their unbeatable web hosting packages start from 30GB disk space which goes for UGX200,000, 50GB at UGX330,000, 100GB at 430,000 and Unlimited that goes for UGX650,000. All prices are annually paid, no monthly charges or extra charges involved.

Every website hosted by Accord Communications Limited comes with a free cPanel, unlimited bandwidth and a free SSL certificate for your security.

When you choose to host your website with Accord Web Host, you are choosing to fly through the internet with a powerful network of state of the art dedicated servers that have powerful CPUs and are located at very secure data centres.

All data across all our servers is stored on RAID arrays, this protects client data from ever going offline due to a failed hard drive. Gone are the times of having to wait for hours or even days for your website to be restored backups due to hard drive failure.

Accord communications limited has put together a team of experienced I.T experts to help you through your journey of having an online presence for your brand, business, organization in this digital world.

For existing websites, have a peace of mind away from web hosts causing  you headaches, all .ug, .ke, .tz and .rw sites are transferred at no cost to our platform and we shall also help you with transferring and lifting files your current host to ours.

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YOUR PREDICTION: Manchester United Vs Arsenal

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Arsenal which started the season on a spectacular winning spree is heading to Manchester to face the Red Devils who started on a low with two loses.

The gunners have won all their previous games this season, against Crystal palace 2-0, Leicester 4-2, Bournemouth 3-0, Fulham 2-1,and Aston Villa 2-1.

Manchester United has won three consecutive matches with Liverpool 2-1, Southampton 1-0, and Leicester 1-0.

Their last five meet ups has seen Arsenal winning three times and Manchester United one win and one stalemate.

The match is at 6:30PM EAT,
Drop Your Prediction In the comment Section Below.

If you have a story in your community or an opinion article, let’s public it. Send us an email via editorial@accordconsults.com or WhatsApp +254797048150

OPPORTUNITY: Register For The Imuka Access Pitchfest 2022 Program

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Imuka Access an entrepreneur training agency has opened applications for their Pitchfest 2022 program that will refresh and equip your mind in business with new skills.

The aim of the program is to reach out to underserved entrepreneurs and expose them to foundational investor readiness training, business growth opportunities and financing to achieve their growth potential.

The program includes practical online and physical training depending on preferred training mode of the entrepreneur.

If you’re an ambitious entrepreneur whose business is ready to scale to the next level, this is for you or you can share widely with your contacts, and encourage them to apply before 30th August,2022!

Apply to participate in this year’s Pitchfest National Edition on this link  http://app.imuka.co/ and submit.

WHAT YOU GET IN THE PROGRAM AS AN ENTREPRENEUR:

  • Step-by step guidance and support to get your business plan written and financial projections made.
  • Management Best practices for a business to grow and scale up
  • Pitching and negotiating with Investors/Financiers(if you are selected to pitch)
  • Connect and learn with fellow entrepreneurs’/business people

KEY OUTPUTS:

  • A complete business plan that you can use to start/manage your business and/or use to attain a business loan/investment.
  • Business management skills to grow and scale your business
  • Established a wider business network
  • Financial Linkages
  • Certificate of participation

VIDEO CLIPS ABOUT PITCHFEST: