Byline: Sylvia Juuko
LAST month, GroFin, a finance company that invests in Small and Medium Enterprises (SMEs,) announced that its Africa Fund had hit $170m against its target of $150m. It said in a statement that the funds will be invested in over 500 cash-starved SMEs in Africa.
This information generated a lot of interest from SMEs in Uganda, with most keen on accessing these funds.
Opting for the right financing is considered crucial to business success. But if you are in the SME category with numerous odds stacked up against you, you may not have the benefit of choice as far as funding is concerned.
With most SMEs characterised by lack of …