Equity Bank Uganda has partnered with KPMG and the Nation Media Group as the main sponsor of Uganda’s Top 100 Mid-Sized Companies survey and awards.
The purpose of the Top 100 Survey is to identify Uganda’s fastest-growing medium-sized companies, showcase business excellence and highlight some of the country’s most successful entrepreneurship stories.
This initiative targets SMEs with a turnover of Shs360 million to Shs25 billion and is an annual activity.
Equity Bank’s sponsorship is three years, starting this year 2024.
The campaign commenced with a launch on Monday (today), July 22, 2024 and will be followed by a customer survey that will run for three months. The event will culminate in an award dinner gala in December.
This initiative presents a significant opportunity for us to showcase our SME offerings and solidify our position as a key financial partner in the sector.
Edgar Mukasa Associate Director, Tax and Regulatory Services, KPMG Uganda while presenting about the topic of the day ” Harnessing Tax opportunities for SMEs from FY 2024/25 National budget
“The fact that the government, which has always been the biggest spender, suddenly means that there will be a lot of opportunities for those of us in business. So, a question then will be for you in business, how have you established the business and how have you placed yourself to be able to tap into the opportunities that there are looking at the budget under the direction that we’re going as a country?” Mr Mukasa said.
Adding “Now, from the Shs72 trillion budget, key to note is that domestic revenue from within Uganda we are looking at having Shs31 trillion now over Shs39.1.9 trillion. Rather, what you need to note is that domestic tax revenue is expected to be Shs29 trillion.”
Now from previously within the law, Stamp duty was the strategic investment projects were being exempted from stamp duty.”
The final speaker of the day was Mr. Anthony Kituuka, Managing Director Equity Bank Uganda Took on the podium and gave welcoming remarks and a
He said their (Equity) purpose as an organization is to transform lives, to give dignity and to expand opportunities for creation. He said that is why the organization (Equity bank) exists, as their vision is to be the champion of the social economic prosperity of the people of Africa.
“Our mission is that what we do is we offer integrated financial services that socially and economically empower consumers, individuals, businesses, micro small enterprises, global businesses, innovation. We don’t only focus on making money for businesses. We believe that if that community is well empowered, it will then seek the services of your businesses and their people.” Mr Kituuka said.
He said Equity bank work with the government partners to enhance capacity, giving manufacturers more capacity takes raw materials of the process and so on.
“We don’t want to be doing this thing, that people don’t care about the environment or about society. We must look at smart agriculture. The last pillar is technology and information, because you cannot scale, you cannot reach many people without technology, otherwise you have to come into a branch, you have an issue of access, you have an issue of this life.”
Mr Arthur Mukembo from Innovation village showcased the highlights on how innovation village was going to impact the SMEs
“Allow me to start by saying that at innovation village we see the power of SMEs and transforming economies. For context, we have the privilege of the last six or so years working with over 25,000 people across the country, This whole space of SMEs accounts for about 83%. Our Contribution to this journey is through three key things: One is for these technology, entrepreneurship, innovation and research ecosystems that are looking for unlocking potential. Let’s aim at removing as many barriers competing favorably as possible, and not just within our ecosystem, but in the regional and international markets. So certainly, your competitive landscape is no longer just Uganda.” Mr Mukembo said.
Top 100 mid-sized companies is a survey based campaign that has been ongoing for the past few years. It’s been organized by Nation Media Group in partnership with KPMG which is an auditing firm, previously Dfcu bank was the key sponsor until last year and.
The main aim of this survey is to analyze and obtain information regarding the Top 100 mid-sized companies across the country.
Equity Bank Uganda has partnered with KPMG and the Nation Media Group as the main sponsor of Uganda’s Top 100 Mid-Sized Companies survey and awards.
The purpose of the Top 100 Survey is to identify Uganda’s fastest-growing medium-sized companies, showcase business excellence and highlight some of the country’s most successful entrepreneurship stories.
This initiative targets SMEs with a turnover of Shs360 million to Shs25 billion and is an annual activity.
