These SMEs are often run by battle-hardened and experienced entrepreneurs, who have had their fair share of failure before stabilizing in business.
Our MSMEs are not fully engaged in the public procurement processes through a combination of internal weaknesses and bureaucratic impediments.
“When businesses start they don’t last and when they do they don’t stay longer," says Keith Kalyegira of Capital Markets Authority.
This, according to Amelia Kyambadde, the trade minister is aimed at reducing the losses government incurs in tax defaulters
“Perhaps because of the pressure to survive, it is not uncommon to find a young entrepreneur running about five businesses concurrently..."
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