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According to the report, majority of them made considerable loses because they lacked innovations to provide services beyond physical presence.
The report further notes that during covid, consumers abandoned traditional retail shopping to online apart from accessing food stuff traditionally in the market.
According to the report survey says online is the thing following strict standard operating procedures of accessing retail shops put up by ministry of health and risk of covid Infections.
“Our findings on retail business before and after covid reveals that considerable number of shops closed business. Those that remained operating registered low sales because of traditional way of physical presence. Mean while those that innovated by introducing applications made quick sales during covid. Because customers opted for online shopping,” Oliga Kiconco lead researcher said.
What reports indicate;
According to the report, most affected businesses were SMEs that remained closed because they did not have innovations to keep them in business.
“With covid in our faces consumers have shifted to shopping online using available applications to avoid covid. Its there fore prudent for SMEs to invest in innovations and mobile applications to provide services to clients in need compared to physical presence “Oliga added.
Ck Japheth Chief Executive Officer of Innovations Village advised owners of small businesses to embrace technology to advise service provision since technology is taking shape of our daily life.
“Digitalization of services is the way to go. Consumers have shifted to online shopping. You can devise means and invest in applications to capitalize on this niche market. This is besides promotions and advertising your services on social media,” Japheth said.
Check also;
- Civil Society Activists Warn Government Over Biodiversity Loss
- Uganda Hotels Registers Massive Loses
- NSSF Closes 6 Branches After Losing 100,000 Savers
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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)
