The Micro, Small and Medium Enterprises (MSMEs) are Uganda’s engine for economic growth and development. Over 2.5 million peopleare employed in this sector, where they account for approximately 90% of the entire private sector, generating over 80% of manufactured output that contributes 20% of the Gross Domestic Product (GDP).
MSMEs are therefore key for entrepreneurial development, poverty alleviation and improved quality of life. They provide the economy with a continuous supply of ideas, skills and innovation necessary to promote competition and the efficient allocation of scarce resources.
Despite playing this important role, MSMEs are running out of business at the rate of 50% annually. They lack sufficient capital to drive their operations and are unable to leverage ICTs for improved performance and profitability. A study conducted by the Federation of Small and Medium Enterprises Uganda (FSMEU) found that 72% of MSMEs in Uganda suffer from a digital skills gap. Two thirds did not know how to use a computer and three quarters had no functional websites. Such challenges hold back high potential MSMEs, yet their growth would benefit the whole value chain, including suppliers, processors, distributors and storage facilities.
The workshop will underscore the importance of MSMEs in Uganda and Africa, highlighting interventions that have been made at policy and regulatory level to help them leverage digitalisation for improved performance.
Open to all Pass categories