Women Ask Museveni For Sh1billion To Establish Innovation Centre

Posted by: lukwago J in Business August 1, 2019

Women under their umbrella association, Uganda Small Scale Industries Association (USSIA) have asked President Yoweri Museveni to fund their innovation and enterprise training centre that is estimated to cost shs1billion

Eunice Wekesa USSIA Chairperson says the innovation centre will be used for training its members and skill young innovators so as to empower them with practical vocational skills to create more jobs for the youth and women in the country.

Wekesa says the proposed centre will also act as incubation centre and market place for their various products.

She also wants the president to support their sacco with seed capital of shs500million to boast the the association with working capital to run their development programmes aimed at alleviating poverty.
USSIA will be marking 40 years anniversary this month.

USSIA is Not for profit business association of micro,small and medium industries with strong membership base of about 5,000 registered micro, small and medium industries.

USSIA is driven to support and equip small and medium sized enterprises especially the small scale industries sector of Uganda for success and economic growth.

USSIA was formed in 1979 out of realisation that there was a gap in terms of representation and support if professional small and medium enterprises want to grow and become large enterprises.

Veronica Namwanje USSIA Executive Director singled out lack of financial access as major challenge to Small Scale Industrialists growth saying commercial banks still charge SMEs high interest rates and see SMEs are risk.

Mean while as part of activities to mark USSIA 40 years existence, they have organised the 7th annual cottage,small and medium industries expo at lugogo an event where SMEs have been encouraged to attend to network,showcase their products and engage with financial institutions and government to address sector challenges.

Namwange says the expo will run under the theme: Enhancing the growth of Medium Small Enterprises through access to markets and financial services on 22nd to 25th August at Lugogo.

She says over 100 exhibitors have confirmed participation in the three days event.

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