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Business
The bustling vicinity around UCU owes much of its economic vitality to the students of Uganda Christian University (UCU).
It began with a simple stroll around the bazaar grounds at Uganda Christian University (UCU) Derrick Matovu, a School of Business student, was there to see the latest trends within the exhibitors. That casual trip to the bazaar last year provided Matovu an unexpected opportunity.
In Uganda, the banking sector is experiencing a significant transformation, thanks to the integration of technology. With the advent of digital banking solutions, traditional banking practices are evolving rapidly, offering customers more convenient and accessible options for managing their finances.
On the flip side, when prices drop, there’s a moment of relief for students. It eases the financial burden, allowing them to allocate funds more freely. Lower prices contribute to a sense of financial stability, positively influencing students’ spending habits.
In a bid to instill a positive attitude towards entrepreneurship among students, the Uganda Christian University (UCU) School of Business (SoB) has introduced an International Entrepreneurship Summer Camp to understand what it means to do business in Uganda.
With diverse experiences shared by vendors and students alike, there’s anticipation that the UCU Street Bazaar will continue to evolve as it enters its second week. Despite the challenges, this two-week extravaganza promises to be an exciting opportunity for both vendors and students to engage in a bustling marketplace on campus. As the event continues, it remains a vibrant showcase of entrepreneurial spirit and a hub for discovering unique items at discounted prices.
Christa Oluka, UCU’s director of academic affairs, while closing a two-week international entrepreneur summer camp, told the students and the entire staff of the School of Business that to yield success in innovation, it calls for a combined effort from everyone.
Mid last year, Carroline Nyange Kihumuro stumbled on an advertisement by the Institute of Certified Public Accountants of Uganda (ICPAU), calling for applications from graduates who wished to pursue a course in professional accountancy as scholars.
After grappling with raising school fees for years, it is every parent’s dream for their son or daughter to find a good job after university graduation. However, with over 53 universities churning out at least 30,000 graduates every year in Uganda’s mainly subsistence economy, this is a pipe dream.
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