By Ricks kayizzi
LOCAL businesses have been slow in adopting electronic commerce (e-commerce) and harnessing its benefits in order to expand their market base, Nancy Onyango, the PriceWaterHouseCoopers (PWC) head of Global Risk Management Systems for East and Central Africa, has said.

“Although e-business provides one of the biggest opportunities for small scale upcoming businesses to get customers from around the world, very few Ugandan firms have made a move to tap into it,” she said during a Risk management breakfast, which was held on at Fang Fang Restaurant on Friday.

Onyango, who termed the internet as an “alternative and easier route to the world market,” said many local business people look at the internet as a risk they should not take.

On risk management, Onyango said many local organisations generally lack the formal framework to help identify and prioritise risks.

Joseph Baliddawa, PWC’s country leader, said taking on risk management can help to enhance efficiency and cost cutting, in order to improve on their competitiveness of a firm.

The breakfast brought together over 200 private and public officials.
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