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Message: [QUOTE="Munyaradzi Mafaro, post: 50608, member: 636"] Absa Bank Uganda fired up its Business Club again with major backing from Uganda Airlines, Grant Thornton, Prudential, DHL and Enterprise Uganda. The bank targets small and medium businesses that power Uganda's economy with 90 percent of private sector activity and 80 percent of GDP. David Wandera from Absa said the club helps entrepreneurs build sustainable businesses ready for the future. The original club started in 2004 and has already helped more than 500 small businesses across the country. The fresh version focuses on four main areas including market access, training, networking and financial services. Business owners get discounted travel through Uganda Airlines for global trade missions like the UK-Africa Business Forum. Companies receive expert training on financial matters, tax rules, export preparation and digital upgrades from Enterprise Uganda and Grant Thornton partners. The club creates networking opportunities through exhibitions, learning sessions and business connections that boost visibility and growth. Members also get cheaper loan rates, reduced banking fees and free insurance coverage through Prudential along with dedicated support staff. Uganda's exports jumped 26 percent to 9.3 billion dollars in the year leading up to March 2025 according to Finance Ministry figures. Less than one percent of small businesses carry any business insurance despite the protection it provides against risks. More than 70 percent of small companies operate informally which limits their ability to grow and attract investment. Membership costs 40,000 shillings monthly which equals about 10.75 dollars for access to all club benefits and resources. [/QUOTE]

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