By Billy Rwothungeyo
FORTY FIVE budding entrepreneurs have today left the country for a four day boot camp in Nigeria’s largest city, Lagos.
The group is under the Tony Elumelu Entrepreneurship Programme under the wings of United Bank for Africa.
After the training, the entrepreneurs will each receive capital of $5,000 (about sh17,000,000) to polish and grow their business ideas.
“These are Uganda’s gifted and emerging entrepreneurs who made it among the 1,000 selected across Africa and we believe they can make a positive contribution to Uganda’s economy and help to create employment and a better life for Ugandans,” said Wilbrod Owor, United Bank for Africa Uganda’s managing director at a send-off dinner for the team at Hotel Africana yesterday.
Launched in December 2014, the Tony Elumelu Entrepreneurship Programme is a $100m initiative started in the honour of Tony Elumelu, the chairman of United Bank for Africa and a celebrated entrepreneur on the continent.
The 10 year programme was created to look out for 10,000 African startups and entrepreneurs with ideas that have the potential to succeed. These businesses would then be given skills training; mentoring, access to seed capital funding, information and membership in our Africa-wide alumni network to enable them grow.
Joshua Mutambi, a commissioner in the Ministry of Trade, Industry and Cooperatives urged the entrepreneurs to harness the power of new technologies to grow their business.
He also urged them to be good ambassadors of the country while they are in West Africa.
Ugandan entrepreneurs head to Nigeria for boot camp