By Bemanya Twebaze
May 30, 2017 was the inaugural World Bank-Government (WBG) of Uganda Open Day event in Kampala under the theme "Partnering for Development". It was meant for Ugandans to appreciate the tangible benefits and impact the WBG support has created in realising the country's development goals.
The World Bank funding to Uganda dates as far back as the early 1960s when through the International Development Association (IDA) Uganda received credit for hydropower development.
Today, the World Bank supports different sectors that focus majorly on trade and competitiveness, strengthening social service delivery, raising incomes in rural areas, energy, health, skills in education and infrastructural development among others.
Two years ago, Uganda Registration Services Bureau (URSB) benefited from the World Bank support through the Private Sector Foundation Uganda, under the Competitiveness and Enterprise Development Project (CEDP).
Under the project support, URSB handles business registration and licensing reforms that aim at reducing the burden for businesses in dealing with registration and licensing procedures by creating an online one-stop-shop for business registration and an e-registry for business licensing and by implementing measures aimed at simplifying and streamlining business registration and business licensing procedures.
URSB is also supported by among others the Justice Law and Order sector (JLOS) whose intervention has played a key role in enabling the Bureau simplify the hitherto rigorous and burdensome registration processes, for an improved private sector.
At URSB, digitalisation of the business registry records has emerged as a game changer in the way we conduct registration because it creates a seamless, fast and effective system of conducting business through searches, filings and new registrations.
As we joined the other MDAs on May 30, to showcase our improved processes, therefore, we conducted sensitisation in business registration, business licensing and intellectual property. We also carried out name reservations for potential companies/businesses, name search and also registered and issued certificates for businesses instantly.
As a result of key government interventions, the World Bank and other partners support, URSB today can proudly inform the public about the reforms that have facilitated a very fast, effective and seamless business registration process.
As we continue to reform the business registration process to enable private sector growth, jobs and wealth creation, we have started working on the following;
In the recent 2017 World Bank Doing Business report, Uganda was rated among the best top 10 countries that have undertaken doing business reforms positively impacting on the private sector expansion and growth.
Uganda's ranking, indicated an improvement seven positions up (from 122nd to 115th) out of the 190 assessed economies partly because of reforms at URSB's simplified preregistration and registration formalities and URA's improved trade across borders.
With the current reforms implemented this year, we believe that Uganda's ranking is set to improve further and the country's private sector growth will continue soaring.
The writer is the Registrar General of the Uganda Registration Services Bureau