{"id":54320,"date":"2023-08-17T21:34:21","date_gmt":"2023-08-17T21:34:21","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects"},"modified":"2023-08-17T23:28:22","modified_gmt":"2023-08-17T23:28:22","slug":"top-100-mid-sized-companies-tipped-on-bankable-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects","title":{"rendered":"Top 100 Mid-Sized companies tipped on bankable projects"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Top 100 mid-sized companies in the country have been urged to build strong corporate governance structures if they are to attract funders and investors.<\/p>\n

At an alternative financing forum held in Kampala yesterday, representatives of companies, which participated in last year\u2019s annual mid-sized company survey, were also tasked to put their books of accounts in order and also incorporate certain modern business practices.<\/p>\n

\u201cSMEs fail to access funding because they think only about balance sheet balances. Investors have a wide matrix they look at,\u201d Mr Paul Mbuga, a partner at S & L Advocates, said.<\/p>\n

\u201cIn addition to the balance sheet, they need to have corporate governance, incorporate certain elements of doing business, which are considered modern and progressive,\u201d he added.<\/p>\n

Mr Paul Bwiso, the chief executive officer of Uganda Securities Exchange (USE), said investors look at companies with boards that are accountable to the public and have a growth story where they can attract long-term capital, and are transparent.<\/p>\n

\u201cWithout disclosures, investors cannot give you money and yet this is public capital. Uganda Securities Exchange has the USE Eddaala, which is an incubator where SMEs are assessed so that they can attract capital like the large companies listed on the exchange,\u201d he said.<\/p>\n

Mr Bwiso added that the company should be able to disclose the different aspects of the business and the ability to provide the growth and sustainability.<\/p>\n

Mr Ronald Kasasa, the head of business banking at dfcu Bank, said they organised the forum, sponsored by USE, to tell the SMEs how to access the products the bank is offering based on their credit capacity, collateral conditions and character.<\/p>\n

\u201cThey show how a customer is positioned to get financing. In preparing customer indexation, the customer should come with well documented, audited accounts, business plan, the unique selling proposition how they are managing risk and remain growing,\u201d he said.<\/p>\n

Mr Kasasa added that the customer should demonstrate how the business is separate from ownership and they should have good corporate governance structures.<\/p>\n

Mr Peter Kyambadde, the managing partner at KPMG, said the forum was a build up to the Top 100 Mid-sized companies\u2019 survey and then the conference where the top 100 SMEs in Uganda will be recognised and awarded.<\/p>\n

He informed the participants that this year\u2019s theme for the survey \u2013 \u2018Inclusive access to business information services, technology and financing for SMEs\u2019 entail organising a number of information sharing forums and yesterday\u2019s was one of them.<\/p>\n

Mr Kyambadde explained that in the forums, they provide the participants with solutions to some of the challenges that they pointed out in last year\u2019s survey.<\/p>\n

Justification<\/p>\n

He noted that at the beginning of the year, the participants were given information regarding opportunities available in the oil and gas sector and tourism. He added that they have also been trained on how to manage taxation and yesterday\u2019s conference was on leveraging on capital markets for public financing to address the challenge of financing.<\/p>\n

According to Mr Kyambadde, this year\u2019s survey ends in October and the winners will be unveiled at a gala dinner in the first week of December.<\/p>\n

Mr Sam Barata, the general manager- commercial at Nation Media Group Uganda, said for the last 15 years, the media company together with KPMG have been partnering with institutions such as Uganda Investment Authority, dfcu Bank, Innovations Village, Uganda Securities Exchange, Ministry of Tourism, UNDP, and the Ministry of Science, Innovations and Technology, to grow SMEs and help them to attract capital.<\/p>\n

\u201cOur role is to bring them together and help them with growth. Technology is the major backbone for growth. SMEs should adopt technology to innovate and increase efficiencies because we have a young population involved in technology,\u201d he said.<\/p>\n

background<\/p>\n

Monitor Publications and KPMG annual mid-sized company survey is an initiative by the two companies to identify the fasted growing medium sized companies in the country to show business excellence and also high light some of the country\u2019s most successful entrepreneurial stories. To participate, the company must have an annual turnover of between Shs360m and Shs25b, with the exception of banks, listed companies, insurance companies, listed companies and accounting consulting companies.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Top 100 mid-sized companies in the country have been urged to build strong corporate governance structures if they are to attract funders and investors. At an alternative financing forum held in Kampala yesterday, representatives of companies, which participated in last year\u2019s annual mid-sized company survey, were also tasked to put their books […]<\/p>\n","protected":false},"author":84,"featured_media":54319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-54320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nTop 100 Mid-Sized companies tipped on bankable projects - Uganda<\/title>\n<meta name=\"description\" content=\"Top 100 mid-sized companies in the country have been urged to build strong corporate governance structures if they are t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 100 Mid-Sized companies tipped on bankable projects\" \/>\n<meta property=\"og:description\" content=\"Top 100 mid-sized companies in the country have been urged to build strong corporate governance structures if they are t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-17T21:34:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-17T23:28:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/08\/sm_1692298388.28268.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1151\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Top 100 Mid-Sized companies tipped on bankable projects\",\"datePublished\":\"2023-08-17T21:34:21+00:00\",\"dateModified\":\"2023-08-17T23:28:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects\"},\"wordCount\":713,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/08\/sm_1692298388.28268.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/top-100-mid-sized-companies-tipped-on-bankable-projects\",\"name\":\"Top 100 Mid-Sized companies tipped on bankable projects - 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