Small and medium enterprises (SMEs) in Uganda have been offered new internet options that would not only save them money, but also ensure reliable connectivity.
Hurry Mugisha the Head of SME’s at Vodafone Uganda, recommended the ‘Group Pooled Accounts’ which enables sharing of data between four to 16 people across different routers.
He was speaking during a panel discussion to review the Top 100 Mid- Sized Companies Survey report recently compiled by KPMG. The international accounting firm teamed up with Monitor Publications to host several respected names in Uganda’s corporate world to trade ideas and offer suggestions to business owners.
Sponsors of the Top 100 Survey, include Vodafone, dfcu Bank, South African Airways, Uganda Investment Authority (UIA) and the regional insurance company.
Other options from Vodafone are the ‘Dedicated Internet Access(DIA)’, which offers a high quality internet service with equal upload and download speed on a fully dedicated bandwidth for business and ‘Affordable Portable Hotspots’ which connect multiple devices via WiFi. Mugisha said Vodafone understands today’s business challenges of affordability, scalability and reliability.
Mugisha said, “Mobile applications have enhanced customer experience, but also enabled businesses to take advantage of internet-enabled options like Safe Boda, Jumia, OLX which have lowered operational and fleet management costs. Big data and insights for product development and marketing have set tech-driven SMEs apart, and customer experience options are not immense and yet offer cheap real-time feedback on product and services.”
SMEs were also encouraged to adopt saving culture in order to grow their businesses. Raising capital and cash flow management are some of the challenges that fail SMEs in the first five years of existence. “Lay a strong foundation for your business by developing good cash management practices and increase your revenue to increase profits,” Richard Byarugaba, Managing Director of the National Social Security Fund (NSSF) said.
Top 100 Mid-sized companies’ survey is an initiative by Monitor Publications Limited and KPMG aimed to identify Uganda’s fastest growing Medium Sized companies in order to show case business excellence and highlight some of the country’s most successful entrepreneurship stories.