Spotlight

 

Hon. Kyambadde hails Private Sector for championing economic development

The minister of trade and industry Hon. Amelia Kyambadde has commended the private sector for championing the growth and development of Micro, Small and Medium Enterprises (MSME) in Uganda. The minister said government recognizes the importance of the key private sector players for their critical contribution towards realizing a successful business environment. She said the Micro, Small and Medium Enterprises (MSME) sector plays a crucial role in the economic growth of Uganda with its GDP contribution standing at over 70%, and its employment and job creation rising to 90%. The minister observed that Micro, Small and Medium Enterprises are a vehicle through which the rural poor and the jobless Ugandans can transform themselves into the middle and industrial class.Read more

 

Small Scale Industries decry high interest rates

Members of Uganda Small Scale Industries Association (USSIA) have decried high interest rates charged by Microfinance Institutions and commercial banks saying they are hindering their business growth. Writes Felix Oketcho Speaking at the first ever microfinance and small enterprise expo, USSIA Executive Director Veronica Namwanje said they still face huge challenge in getting credit from commercial banks and microfinance institutions in Uganda. “Our biggest challenge remain access to credit from microfinance and commercial banks. They give us money at high interest rate with short grace period to service the loan. This cannot support our business growth,”Namwanje notes. Read more

News & Events

22 Jan

2nd USSIA organises the 2nd Public-Private Dialogues

Uganda Small Scale Industries Association (USSIA) is working with four (4) Private Sector Associations (PSAs) in Kiboga District (alongside 8 other PSAs from Mityana and Mukono Districts) in implementing the USAID-UKAID funded GAPP (Governance Accountability Participation and Performance) Program. These include: 1) Adventist Development Association (ADA) SACCO (ADA SACCO) – presently with over 965 entrepreneurs of whom over 500 are women; 2) Kiboga Boda Boda Association – presently with over 1,200 members (both riders and non-riders); 3) Kiboga Central Market Vendors Association – presently with over 1,000 members; and 4) Uganda Small Scale Industries Association, Kiboga Zone – presently with over 45 MSMEs. The GAPP program, among other engagement strategies, is building advocacy capacity and skills of members in these PSAs to facilitate an effective and meaningful dialogue with the local government officials for a better business environment and improved service delivery. Read more

08 Nov

USSIA YOUTH INNOVATION AWARDS 2017

Uganda Small Scale Industries Association in partnership with Trias Uganda have launched USSIA Youth Innovation Awards 2017. Read more

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