Why focus on SMEs?
- SMEs sit at the heart of the economic development of Uganda and indeed the world at large. They are a vehicle through which the rural poor and the jobless Ugandans can transform themselves into the middle and industrial class of tomorrow.
- SME sector has a very important role to play in creating sustainable economic growth in Uganda. This sector has potential for long-term growth.
- Uganda has an extensive Small and Medium Enterprise sub-sector which accounts for approximately 90% of the private sector.
- The SMEs contribute approximately 75% of Uganda’s Gross Domestic product (GDP) and employs more than 2.5 million people. The employment growth is estimated at 25% per annum and therefore the SME subsector is a prime source of new jobs.