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Prof. Waswa Balunywa, principal of Makerere University Business School, has advised government to make access to funding easy for young innovators.
He says this is one of the ways in which unemployment among young people can be curbed. He said this while speaking at the launch of the 3rd edition of Kampala Innovation Week 2021.
Prof. Waswa Balunywa also advised government to not only fix their eyes on huge or big projects. He said there is a tendency sometimes of ignoring what looks small, yet if well funded any business can grow and Bloom.
“We don’t need to finance huge car projects. We have many innovators who can create jobs for millions of Uganda but I must tell you, there are too many regulations and policies in this country, you cannot do anything in this country as a businessman. Unfortunately, there are lots of government programs to do this but to my feeling, they are not right. Government should fund these innovations at all levels,” he said.
Prof. Balunywa appreciated the fact that government has put up funds for the private sector. However, the restrictions around getting funds has made business really hard.
Very many young people are on the streets unemployed because they lack start-up capital.
Their good ideas only stop on paper and yet they are very innovative. The question is who is willing to take the risk to invest in the youths?
Check Also;
- Innovation Village Launches It’s Thought Leadership Report On The ‘Future Of Retail’
- Youth Demand KCCA 30% Jobs To Fight Urban Unemployment
- Youth Decry Inadequate Funding To Aids Activities
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
