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
Nigerian cleric warns Uganda over oil curse
Rev Father Edward Obi, a leading civil society activists fighting against the effects of the oil curse in Nigeria has warned Uganda that since oil has been discovered Ugandans are not safe from the negative effects the resource brings....
Oil to spur capital markets – Nsamba
This year marks 18 years since the Capital Markets Authority (CMA) was formed....
UBOS releases Producer Price Index
THE indices for hotels and restaurants indicate that annual prices for hotel services fell by 2.5 percent during the period of April, May and June 2014, compared to the same period in 2013...
KCCA shuts down House of Eden
KAMPALA Capital City Authority (KCCA) together with Uganda National Bureau of Standards have closed House of Eden that manufactures Safi juice and Azur water for allegedly using expired raw materials...
Uganda to host finance meeting for PWDs
Uganda will next month host the first ever conference on microfinance and disability....
More action needed to address women rights in oil region
More action is required to see that disadvantaged women especially those in the Albertine Graben get benefits from oil activities as the industry moves from the exploration into the development phase....
Should the absence of bride price prevent couples from wedding?
Yes
No
Can't Say
follow us
subscribe to our news letter