State & Local News
Equity Bank Uganda Promotes SME Skills Development
March 23, 2026
Equity Bank Uganda, through its Head of SMEs Olivia Mugaba, has emphasized the critical need for women entrepreneurs to prioritize skills acquisition, strategic planning, and financial discipline over merely seeking capital. This approach highlights the importance of training, mentorship, technology adoption, and collaboration to build sustainable businesses that contribute to broader community and national economic growth in Kampala, Uganda.
- Procurement professionals and contractors supporting SME development programs should consider integrating comprehensive skills training and mentorship components alongside financial services.
- This focus on capacity building indicates opportunities for vendors offering technology solutions, training platforms, and advisory services tailored to women-led enterprises.
- Development agencies and government entities can leverage this insight to design procurement strategies that foster sustainable entrepreneurship rather than capital provision alone.
- Organizations involved in economic empowerment initiatives may find increased demand for holistic support services that combine financial products with business development resources.
Many people assume that access to loans is the main challenge women face in business. While capital is crucial, it is not enough on its own. Money without a solid foundation often disappears quickly.
— Olivia Mugaba, Head of SMEs, Equity Bank Uganda