Friday, July 11, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

EU support boosts Uganda’s MSME sector

by WINNIE NAKAMATTE | REPORTER
27/06/2024
in News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter
Caroline Adriaensen, EU Head of Cooperation, addresses Micro, Small and Medium-Sized Enterprises (MSMEs) in Uganda, announcing a new package of support to enhance their competitiveness, improve access to finance, and promote innovation and entrepreneurship.
Caroline Adriaensen, EU Head of Cooperation, addresses Micro, Small and Medium-Sized Enterprises (MSMEs) in Uganda, announcing a new package of support to enhance their competitiveness, improve access to finance, and promote innovation and entrepreneurship (PHOTO/Courtesy).

KAMPALA — The European Union (EU) has reiterated its commitment to supporting Uganda’s Micro, Small and Medium-Sized Enterprises (MSMEs) sector, pledging to continue providing financial and technical assistance to entrepreneurs across the country.

Speaking at the MSME Day celebrations in Uganda, EU Head of Cooperation, Caroline Adriaensen, announced a new portfolio of support for women and youth entrepreneurs, including the Team Europe Initiative on Investing in Young Businesses in Africa, worth EUR 138 million (UGX 549 billion).

Related posts

Museveni kicks off PDM tour in Wakiso, vows support

09/07/2025
157
UHRC Chairperson, Lady Justice Mariam Wangadya, Commissioners of UHRC and other stakeholders who participated in the workshop.

Human Rights Record: UHRC Prepares government agencies for UN periodic review

08/07/2025
198
KCB Bank Uganda launches "Kyaddala ne KCB" campaign to reward savers with school fees, shopping vouchers, land, and more, fostering financial wellness nationwide.

KCB Bank to give out school fees, shopping vouchers to savers in new campaign

05/07/2025
170
Rtd General Mugisha Muntu addressing the gathering at Uganda Law Society headquarters on Thursday.

Ugandans should take a lead role towards the country’s peaceful transition

04/07/2025
166

“Our support is focused on enhancing the competitiveness of MSMEs, improving access to finance, and promoting innovation and entrepreneurship,” Adriaensen said. “We believe that by working together, we can create jobs, promote sustainable enterprises, and drive economic growth and social development in Uganda. This initiative will provide financing and technical support to young entrepreneurs, enabling them to grow their businesses and create jobs.”

Adriaensen also highlighted the importance of MSMEs in Uganda’s economy, accounting for 90% of the private sector, 80% of manufactured output, and 75% of GDP. “Our support is focused on enhancing the competitiveness of MSMEs, improving access to finance, and promoting innovation and entrepreneurship,” she said.

The EU’s support for MSMEs in Uganda is part of its broader commitment to promoting economic growth, job creation, and sustainable development in the country. The EU has been working closely with the Ugandan government, private sector, and civil society to create a conducive environment for MSMEs to thrive.

The new support package announced by Adriaensen includes the WeWork programme, launched alongside Belgium, to create green and decent jobs for youth, and the Opportunities Are Here project, a EUR 2 million (UGX 7.5 billion) initiative to support young entrepreneurs in the film sector.

“The EU is committed to supporting women and youth entrepreneurs in Uganda. We believe that they are key drivers of economic growth and social development,” she added.

The EU also launched a dedicated access to finance portal, providing information on facilities available for the private sector in Uganda, including the Agricultural Business Initiative with Denmark and the Renewable Energy Guarantee facility, funded by Sweden.

Minister of Gender, Labour and Social Development, Betty Amongi, commended the EU for its support, stating that “the contribution of women and youth to the MSME sector in Uganda is vital. Their entrepreneurial spirit and resilience are driving forces behind our economic growth and social development.”

“The Ministry of Gender, Labour and Social Development is dedicated to creating an enabling environment for MSMEs to thrive,” Minister Amongi added. “We are committed to continuing our support to women and youth entrepreneurs, and we believe that this support from the EU will complement our efforts.”

Minister Amongi emphasized the importance of technology and innovation in enhancing the competitiveness of women and youth entrepreneurs. “We must embrace technology and innovation to improve production and value addition in the MSME sector,” she said. “This will enable women and youth entrepreneurs to produce high-quality products and services that meet international standards. We must work together to provide resources and opportunities to support women and youth entrepreneurs. Together, we can achieve sustainable development and economic growth in Uganda.”

The Minister also highlighted the Ministry’s initiatives to support women and youth in MSMEs, including the Generating Growth Opportunities and Productivity of Women Enterprises (GROW) Project, the Parish Development Model (PDM), the Uganda Women Entrepreneurship Programme (UWEP), and the Youth Livelihood Programme (YLP). “We are committed to continuing our support to women and youth entrepreneurs,” she said. “We will ensure that they have the resources and opportunities needed to succeed. Together, we can achieve great things and drive economic growth and social development in Uganda.”

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: EU support boosts Uganda's MSME sectorFeaturedtop

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
306

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
624
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
1.3k
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
500
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4375 shares
    Share 1750 Tweet 1094
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    4051 shares
    Share 1620 Tweet 1013
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2666 shares
    Share 1066 Tweet 667
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3323 shares
    Share 1348 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1785 shares
    Share 714 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1651 shares
    Share 660 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

The late Fatumah Nabiwemba (Courtesy photo)

Assistant DPP Nabiwemba to buried on Saturday

11/07/2025
Absa Bank Uganda treated several of its customers to a fun evening filled with band music and food at Sheraton Kampala, during the relaunch of Absa Bank Business Club 

Absa Bank Uganda treats customers to entertainment at the launch of Absa Business Club

11/07/2025
Kampala to get a major infrastructure boost! KCCA and COLAS sign a €250M deal to upgrade over 118 city roads, funded by UK Export Finance. The project includes new walkways, drainage, and street lighting, promising a transformed, sustainable Kampala.

FULL LIST: KCCA, COLAS Ink €250M Deal to Transform Over 118 Kampala Roads

11/07/2025
Pearl Tower One, part of the new Pearl Business Park, stands illuminated in the Kampala night skyline.

Ruparelia Group completes first phase of Kampala business park

11/07/2025
Uganda's President Museveni rallies Wakiso leaders, calling for active engagement to boost wealth, jobs, and service delivery across the district.

Museveni tells Wakiso leaders: Focus on wealth, jobs, services

11/07/2025

dfcu reports 151% profit jump, hikes dividend

11/07/2025
Marvin Bitature, 35, son of Ugandan tycoon Patrick Bitature of Simba Group, has died. Funeral arrangements are underway for the prominent family.

Tycoon Patrick Bitature’s son, Marvin Beine dies 35

11/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Assistant DPP Nabiwemba to buried on Saturday
  • Absa Bank Uganda treats customers to entertainment at the launch of Absa Business Club
  • FULL LIST: KCCA, COLAS Ink €250M Deal to Transform Over 118 Kampala Roads
  • Ruparelia Group completes first phase of Kampala business park
  • Museveni tells Wakiso leaders: Focus on wealth, jobs, services
  • dfcu reports 151% profit jump, hikes dividend

OpED

Equipping Youth with Skills for a Sustainable Future: A Mission We Must All Embrace

Fueling the Future: How Pesapal’s Forecourt Management Solution is Transforming Uganda’s Petroleum Sector

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

Why de-register a Motor Vehicle in Uganda: and Consequences of Non-Compliance

Challenges of taxing law firms in Uganda

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d