The government has pledged stronger support and protection for Uganda\u2019s Micro, Small, and Medium Enterprises (MSMEs), vowing to shield them from punitive regulatory practices and provide improved access to financing and regional markets.<\/p>\n\n\n\n
Speaking during the national celebrations to mark the 9th International MSMEs Day in Mbale City, Trade, Industry and Cooperatives Minister Francis Mwebesa took aim at the Uganda National Bureau of Standards (UNBS), accusing the agency of overreaching its mandate and using enforcement powers to harass traders.<\/p>\n\n\n\n
\u201cThe role of government is to support and empower our people\u2014not to chase them out of business with regulations,\u201d Mwebesa said, drawing applause from hundreds of traders and entrepreneurs.<\/p>\n\n\n\n
The minister condemned UNBS\u2019s practice of closing down shops over single non-compliant items, calling it \u201cdestructive\u201d and counterproductive. He urged the agency to prioritize enforcing standards at the source, both for imports and locally manufactured goods.<\/p>\n\n\n\n
\u201cYou cannot allow substandard goods into the country and then punish the traders selling them. That is failure at the point of entry,\u201d Mwebesa said, questioning the effectiveness of pre-inspection efforts abroad.<\/p>\n\n\n\n
The minister emphasized collaboration between regulators and manufacturers, noting that working with producers before goods reach market would ensure better compliance and reduce the burden on small traders.<\/p>\n\n\n\n
Held under the theme \u201cEmpowering Uganda\u2019s MSMEs for Sustainable Growth and Regional Competitiveness,\u201d the event spotlighted MSMEs as key drivers of employment, exports, and innovation in Uganda\u2019s economy.<\/p>\n\n\n\n
Mwebesa reiterated government\u2019s plan to revive the defunct Cooperative Bank to offer tailor-made financial services to MSMEs and cooperatives. He noted that while current programs like Emyooga, the Parish Development Model, and the Small Business Recovery Fund have provided some relief, a dedicated institution would offer long-term solutions.<\/p>\n\n\n\n
Projects such as the GROW initiative and the INVITE project were also highlighted. The GROW initiative is set to support over 8,000 women-led businesses and impact 1.6 million beneficiaries, while the INVITE project is expected to create over 200,000 new jobs.<\/p>\n\n\n\n
The minister said Uganda is working to help MSMEs tap into larger regional markets through platforms like the East African MSMEs Trade Fair. Last year\u2019s fair was held in Juba, South Sudan, and this year\u2019s will be hosted in Nairobi, Kenya.<\/p>\n\n\n\n
First designated by the UN in 2017, June 27 marks International MSMEs Day\u2014a moment to recognize the economic role of small businesses and raise awareness about their contributions to achieving the Sustainable Development Goals (SDGs).<\/p>\n","protected":false},"excerpt":{"rendered":"
The government has pledged stronger support and protection for Uganda\u2019s Micro, Small, and Medium Enterprises (MSMEs), vowing to shield them from punitive regulatory practices and provide improved access to financing and regional markets. Speaking during the national celebrations to mark the 9th International MSMEs Day in Mbale City, Trade, Industry and Cooperatives Minister Francis Mwebesa […]<\/p>\n","protected":false},"author":2270,"featured_media":40221,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[101],"tags":[31,109],"class_list":["post-40220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured","tag-news"],"yoast_head":"\n