Matooke Republic
Wednesday, September 3, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Twaweza Report: Only 1 out of 4 Ugandans own a currently operating business

Matooke Republic by Matooke Republic
September 13, 2022
in Uncategorized
Reading Time: 2 mins read
12
SHARES
Share on FacebookShare on Twitter

According to a recent Twaweza report  titled Money, money, money: Citizens’ views and experience of business and the tax environment in Uganda conducted between  January 15 and February  7, 2022,  close to half of Ugandans (45%) have owned a business at some point in the past five years; among these, less than half (21%) say their business is still operating.

The findings are based on data collected from 2,900 respondents in the first round of calls to the second Sauti za Wananchi panel, conducted between 15 January and 7 February 2022, and from 2,761 respondents in the second round, conducted between 24 April and 12 May 2022.

According to the report, the most common types of currently operating businesses are in agriculture (35%), wholesale / retail trade (18%), hawking (13%), and small services such as salons (11%).

RELATED POSTS

Mwenda Hails Sudhir for investing 99% of his wealth in Uganda as RR Pearl  Tower One is opened

RR initials added to new Pearl Tower One building in tribute to Rajiv Ruparelia

Among Ugandans who have closed their business in the past five years, the most common reason mentioned is lack of capital, cited by half of former business owners.

Other reasons include low demand, no market (13%); high cost of inputs (12%); and high levels of competition (11%). Fewer former business owners mention Covid-19 (10%) or taxes and regulations (4%) as the reason for their business closures.

Similarly, current business owners are also most likely to mention access to capital (63%) among their top three business challenges. Other issues are also finance related but focused more on high costs: getting transportation (35%), the high cost of capital (30%) and getting equipment or materials (27%).

The high costs in terms of taxes, levies and permits are the fifth most referenced challenge (17%).

Given the rates of business closure and seemingly widespread challenges around capital, it is to be expected that business owners provide mixed reviews about the state of their businesses; 4 out of 10 say their business is growing (36%) and the same proportion say it is declining (39%) while the rest say it is staying the same.

Related

Tags: Twaweza Uganda
Share5Tweet3Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

RISING PRICES FOR ESSENTIAL GOODS: Four out of ten households in Uganda go a day without eating- Twaweza report

by Matooke Republic
3 years ago

...

Twaweza Report: Girls were more affected by school closures than boys as teenage pregnancy rose up to 45 percent

by Matooke Republic
3 years ago

...

Twaweza:1 out of 3 households in Kampala, Kyotera and Tororo have had at least one person tested for Coronavirus

by Matooke Republic
4 years ago

...

Twaweza Report: 1 out of 3 Kampala residents are confident they would quickly receive treatment for Covid-19 if they needed it

by Matooke Republic
4 years ago

...

Twaweza Report: Kampala residents turn to herbal remedies to combat Covid-19

by Matooke Republic
4 years ago

...

Next Post

Winners of Plascon “paint & win” colour cup promo on cloud 9

PHOTOS: Who was there at Ruto’s inauguration

RECOMMENDED

Hoima Stadium nears completion, set for early handover ahead of schedule

September 3, 2025

Equity Bank strengthens SME growth through Fort Portal engagement

September 3, 2025
  • 642 Followers
  • 23.9k Followers

MOST VIEWED

  • Uganda vs Senegal: CAF reduces online ticket purchases per person ahead of quarter-final clash this Saturday

    574 shares
    Share 230 Tweet 144
  • How to buy tickets for CHAN 2024 matches in Uganda

    554 shares
    Share 222 Tweet 139
  • FULL LIST: Winners and Losers in the NRM CEC Elections

    139 shares
    Share 56 Tweet 35
  • Jose Chameleone’s wife Daniella Atim files for divorce over desertion and emotional neglect; Seeks custody of five children and ownership of Sseguku matrimonial home

    82 shares
    Share 33 Tweet 21
  • New Desire Luzinda nud3s leak: Is she back to naked past?

    243 shares
    Share 97 Tweet 61
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.