Young Entrepreneurs Want Internet Tax Scrapped

Posted by: lukwago J in Entrepreneurship November 17, 2019

Young entrepreneurs who own small and mediums enterprises have demanded that government scraps Internet tax to enable them compete on this digital era.

They argued that OTT tax and cost of acquiring applications is too costly hence scaring off small businesses from embracing technology in delivering cutting grass edge services.

“every thing has gone digital you embrace it or perish because of tight competition. Therefore as young entrepreneurs we ask government to relax Internet Tax, connectivity obstacles including some rapping off OTT charges to make communication affordable, “Mary Nakato travel entrepreneur said.

She made the plea at power next Africa’s innovation entrepreneurs summit in Kampala that was organised by Kafeero Foundation.

Kafeero Foundation is a social enterprise that core exists to facilitate skills training for the youth to fit in the global world by empowering them through mentorship, business incubation to enable them create jobs.

According to Kafeero Foundation executive director Newton Bayo the foundation since inception trained over 15,000 youth with employable skills, mentored them, incubated start ups and Connected start ups with venture capital.

Permanent secretary Ministry of information, communication and technology Vincent Bagiire asked budding entrepreneurs to join business associations and create partnerships for joint ventures saying its the right way to mobilize resources to grow their businesses and acquire business management skills.

Bagiire said through his ministry government has established USD4million to support youth incubation projects to enable them create jobs.

Check also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.