PSFU has been implementing a five year World Bank Second Private Sector Competitiveness Project (PSCP II) on behalf of government. The objective was to support improvement of competitiveness within the Uganda private sector.

PSCP II, a 5-year project funded under a credit arrangement from the World Bank to the Government of Uganda towards;

1. Increasing the competitiveness of Uganda’s private sector in local, regional and international markets,
2. Creation of sustainable conditions conducive to enterprise development and growth,
3. Encouraging of investment in the Uganda
4. Facilitating private sector development and growth of MSME, and
5. Employment creation.

The overall objective

The PSCP II was designed in support of the Government programs that aim at eliminating the key constraints to Uganda’s international competitiveness and create sustainable conditions for enterprise creation and growth. The project was aimed to enable the private sector respond better to potential market opportunities through measures to ensure provision of minimum infrastructure requirements, improved financial services; expanded access of enterprises, especially MSMEs to skills training, technology, and business development services; and improved business environment and the public-private dialogue.

By working within the Competitiveness Investment Climate Strategy (CICS) framework, the project sought to build a more integrated public-private approach to private sector development. As a result enterprises in Uganda were expected to have a lower cost business environment and be in a position to increase investment, production, and employment.

Components:

Project Component 1—Developing Infrastructure and Financial Services
Project Component 2—Enhancing Enterprise Competitiveness
Project Component 3— Improving the Business Environment