| |
||||||||||||
Want to Expand Your Business? MSME Policy Development for Uganda
|
WHY THE BUSINESS LINKAGE PROGRAMME? Experience has shown that countries that facilitate the development of sustainable TNC-SME linkages can upgrade their local productive capacities and enhance their industrial performance by integrating their enterprises into global supply chains of large foreign firms. The Business Linkage Programme was therefore conceived as a fast-track vehicle for creating a dynamic SME sector, which represents the backbone of Uganda’s economy. Comprising over 90% of Uganda’s private sector, SMEs are considered to be critical for accelerating economic growth, and for generating productive jobs, increasing export revenues/ import substitution and thus balancing the terms of trade, in addition to providing a source of tax revenue for national socio-economic development. Yet most of Uganda’s SMEs are generally unable to meet business standards required to deal with TNCs on such crucial production issues as price, quality, as well as consistency in volumes. In addition, the majority of SMEs have weaknesses in record-keeping, credit utilisation and repayment, and respect for business contracts. In spite of such limitations however, TNCs were found to be ready to upgrade business relationships with SMEs into long-term relationships, provided SMEs committed themselves to remedy shortcomings in their business systems, attitude and skills. This programme aims to address weaknesses inherent in local SMEs through the provision of business development services, entrepreneurial skills and mentoring. The business linkage approach being implemented in Uganda is based on documented best practice and successful experience in other countries like Malaysia, Ireland and India, among others. Click here to Download a Brochure
Copyright
© 2007 Enterprise Uganda |
|
|||||||||
|
