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    Enterprise Uganda wins IFC Job

        By Ricks Kayizzi, The New Vision, Tuesday, July 18, 2006

     Enterprise Uganda has won a deal from the International Finance Corporation (IFC), the  private lending arm of the World Bank to develop business planning and training kits for women entrepreneurs around the African continent. The initiative started by IFC’s Gender Entrepreneurship Markets (GEM) was in recognition of the fact that the single largest constraint to the growth of women’s businesses is the limited access to finance.  To address this constraint, IFC designed a project that is to develop, test and finalize a set of course modules that can be localized and translated for different markets in Africa for preparing women-owned small and medium enterprises to complete business plans and to access loans from formal financial institutions. 

Charles Ocici, the Executive Director said "the focus of the initiative is to leverage the untapped potential of business women operating small and medium enterprises in Africa. Under the deal, Enterprise Uganda will  develop the kit to be used to help women-owned enterprises produce bankable business plans. "This will henceforth enable them to catch up with their male counterparts in not only running and sustaining their enterprises, but also qualifying for credit," he said.

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