Africa-Press – Uganda. The Senior Presidential Advisor on Trade Phillip Kakuru, has officially joined race for the National Resistance Movement (NRM)’s entrepreneure League Chairman at CEC , to cause for robust changes that benefit entrepreneurs.
Kakuru has consolidated his bid to cause changes such as organising regular meetings for the entrepreneurs league, establishing an office at Bugoloobi to support entreprenuers seeking any help of any kind, and also push for the remarkable establishment of entrepreneurs Sacco with a start up of up to 100 million shillings.
The program aims to foster innovation, create jobs, and boost Uganda’s small and medium enterprise (SME) sector.
The NRM’s entrepreneur program is designed to equip Ugandan business owners, particularly youth and women, with skills, funding opportunities, and market access.
” I believe that the entrepreneurs league is not living up to its expectations,” he said.
By bringing high-profile leaders like the party National Chairman President Museveni on board, the ruling party seeks to strengthen ties between policymakers and grassroots business innovators.
“The entrepreneurs are not well represented, because they have not had an opportunity to engage with relevant agencies like URA to know the benefits at hand, the entrepreneurs League doesn’t have a Sacco. How do entrepreneurs save? He asked.
Kakuru emphasised the importance of public-private partnerships in driving sustainable development, stating, “Empowering entrepreneurs is key to Uganda’s economic transformation.
This initiative aligns with our national vision of creating wealth and employment.”
Uganda’s entrepreneurial ecosystem has faced challenges such as limited access to capital, high operational costs, and regulatory hurdles.
The involvement of top government officials in such programs could help improve access to funding through grants and low-interest loans, enhance business training in digital skills, financial management, and market strategies, and strengthen policy advocacy for SME-friendly regulations.
Business leaders and youth entrepreneurs have welcomed the move, though some call for transparency in resource allocation. The NRM has pledged to roll out mentorship schemes and trade expos to connect startups with investors.
As Uganda pushes toward its Vision 2040 goals, initiatives like this could play a pivotal role in reducing unemployment and stimulating economic resilience.
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