Business
Govt linkage gap stunting businesses
Publish Date: Jul 02, 2014
Govt linkage gap stunting businesses
PSFU executive director Gideon Badagawa.
  • mail
  • img
newvision

THE Private Sector Foundation Uganda (PSFU) has blamed the narrow government linkages with the European markets for shrinking trading opportunities for the local business community.

PSFU executive director Gideon Badagawa said there is need for Uganda to enhance its competitiveness through strengthening government linkages to penetrate the global market.

Addressing journalists at the PSFU offices in Nakasero recently, Badagawa said the Government should create a conducive environment for small and medium enterprises (SMEs) to enable them access the global market.

This, he added, can be done through accessing loans at a lower interest rate from government institutions and training industrial labourers.

“It is easy for SMEs to access markets but entry into the global market becomes difficult due to poor enterprising standards and failure to produce quality products,” he added. 

Badagawa also blamed the Government for failing to pass the Investment, Counterfeit and Public Partnership Bill, thereby retarding the business sector.

He also said sub-standard goods on the local market are killing the economy.

Meanwhile, PSFU is organising a three-day import-export expo starting July 24 at UMA Main Exhibition Hall in Lugogo.

The expo will provide SMEs with information on how to build volumes and quality product standards to enhance competitiveness in the global market.

It is also to encourage linkages between small and medium sized companies and multinational enterprises as well as promote skill development and innovation.

PSFU trade policy officer Eva Ekanya said the event will link Ugandan businesses with ambassadors representing Uganda’s major trade partners and leading providers of trade-facilitating services.

She said consumers, especially the youth, will be sensitise about the benefits of quality Ugandan made products and promotion of unique Ugandan products and services as a means of supporting innovation and enterprises.

Related stories

Rural women get business development tips

Does our business community need government support?

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Business guide in conflict resolution developed
A business guide for the business community to resolve conflicts without resorting to courts of law has been developed....
Mining to increase Agriculture production
Agriculture production in Uganda is set to increase with the establishment of mining and oil extraction industries despite concerns from the public that the discovery of oil in Uganda will affect the sector negatively....
Farmers to benefit from sh60b grant
UGANDAN farmers are set to benefit from a low-interest agricultural loan facilitated by a $24.7m (sh60b) grant from the International Fund for Agricultural Development...
Uganda’s coffee exports drop
UGANDA coffee exports for September fell by 7% to 207, 927 60-kg bags of coffee, compared with the same month a year ago, an industry source said...
Rugunda urges accountants to help entrepreneurs
The Prime Minister, Dr. Ruhakana Rugunda, has asked accountants to join the fight against corruption and aid growth of businesses by advising entrepreneurs on financial management and taxation....
Sh30b set for compensation on second phase of Northern Bypass
About 400 property owners are expected to be affected by the construction of the second phase of the Kampala Northern Bypass, the Uganda National Road Authority (UNRA) has said....
Do Ugandan tycoons prepare their children to take over their business empires?
Yes
No
Can't Say
follow us
subscribe to our news letter