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Kampala, Uganda; 21st June 2022: PSFU in partnership with the Dutch Employers Cooperation Programme (DECP) with support from the Embassy of Netherlands are conducting a 2-day training for their members about the functioning of employers’ and business member organizations. 

The objectives of the training included:

  1. Enhancing and improving skills for PSFU Member Associations in developing and articulating “value propositions” for their associations.
  2. Enhancing and improving capacity of PSFU Member Association to use their value propositions to ably develop sustainable programs and activities relevant and satisfactory to their member needs.
  3. Engaging all trained member associations to develop and “Action Plan” for application of acquired skills to improve their association performance.

Speaking at the training, the PSFU Vice Chair, Hon. Victoria Sekitoleko, said that PSFU recognizes the need to build capacity of its member associations to serve their members satisfactorily while ensuring their sustainability to effectively contribute to Uganda’s economic development.

“PSFU mandate includes capacity building for our members. We are committed to support and facilitate our members’ growth and development through delivering trainings that will contribute to sustainability of these member associations.” said Sekitoleko. 

Speaking at the event, Chief Executive Officer, KACITA Uganda, Mr. Abel Mwesigye acknowledged that the training was timely and critical for them because building a sustainable association requires skills, and knowledge to be able to contribute to the growth of member businesses and we request PSFU to continue lobbying and engaging us all for the betterment and growth of our associations. He also noted that over 200,000 members of KACITA Uganda will benefit from the association growth elements expressed in this training. 

“The Embassy of the Kingdom of Netherlands in Uganda recognizes the important role PSFU plays in the economy particularly with regards to contributing to discussions on improving the business environment for investment and trade. Therefore, the Embassy is committed to continue this partnership towards capacity building of PSFU members.” Said The Head of Programs & Deputy Ambassador, Joost Van Ettro. 

The training brought together member Association secretariat managers with specific targets to Chief Executive Officers and Executive Directors. The training targeted 35 representatives selected from  PSFU Member Associations who included;  Uganda Association of Consulting Engineers, Hortflesh, Association of Tour Operators, Association of Real Estate Agents, Uganda National Building & Civil Engineering Contractors, FITSPA, Uganda Clearing and Forwarding Association, Uganda National Farmers Federation, KACITA Uganda, Uganda Fish Processors & Exporters Association, UFEA, Horticultural Exporters Association, National Cultural Forum, Uganda Manufacturers Association, Uganda Small Scale Industries Association, Uganda Forex Bureau Association, Uganda Oil Seeds Processors Association, Crop Life, NAWOU, Uganda Media Association, Uganda Women Entrepreneurs Association Limited (UWEAL).

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By Bernard Buteera

Prof. Barnabas Nawangwe, the Vice Chancellor of Makerere University urged the Graduates of Mastercard Foundation to become good ambassadors of both the University and the Foundation in their Communities. He made the remarks in a speech read for him by Prof. Umar Kakumba, the Deputy Vice Chancellor, Academic Affairs, during a colourful function organised to congratulate and honour the 61 graduates of Mastercard of Foundation who just graduated at the 72nd graduation ceremony at Makerere University.

Prof. Nawangwe pointed out that Mastercard Foundation Scholars Program at Makerere University recruits academically excellent but underprivileged students and highly disciplined, therefore he expected them to excel even at their places of work and in their communities.

“Universities world over thrive from such partnerships and collaborations like Mastercard Foundation Scholars Program for academic and infrastructure development. I, therefore, call upon all stakeholders to support such initiatives, so that we can attract more partnerships of this kind in Uganda and Africa,” he said.

He pledged the support of the University to the Scholars Program, and that he was confident that the partnership between the University and the Foundation would go on for many years to come.

The Mastercard Foundation country head in Uganda, Mr. Adrian Bukenya, who represented the Foundation at the event, lauded the partnership between the Foundation and Makerere University.

“The Foundation is proud this partnership with Makerere University, which has produced tangible results through these young people who graduating today.” Mr. Bukenya remarked. He further revealed that the Scholars Program at Makerere University was one of the biggest on the African continent, and very visible through what the Scholars were doing in terms engagements within the Scholars Community.

Mr. Bukenya read the message from the President of the Mastercard Foundation, Ms. Reeta Roy, who urged the graduates to go out in the world and try out new things.

“Give yourself permission to have a dream, to try new things, to fail, and to learn. It is permission to move forward without a clearly defined path.  Make mistakes and learn from them. By trying, failing, and learning you will get to know yourself.”Ms. Reeta urged graduates.

The Chief Guest at the function, Dr. Ruth Biyinzika Musoke, the Director, Skills Development at the Private Sector Foundation Uganda, urged graduates to lower their expectations as they venture out in the world of work. She cautioned them against expecting quick financial gains, emphasising that they would rather seek to gain real work experience and skills.

“My dear graduates, you are entering the job market at the time when the industry is recovering from challenges posed by COVID19, therefore lower your expectations. Do not expect to get those high paying jobs immediately; rather seek to gain real work experience from any job opportunity, however small that job may be.” Dr. Musoke said.

Dr. Musoke remarked that the Private Sector Foundation Uganda was proud to be associated with Mastercard Foundation Scholars Program, and pledged to support the 61 graduates in finding placements for graduate internship and even jobs.

Source: https://news.mak.ac.ug/2022/06/mcf-graduates-urged-to-become-good-ambassadors-of-the-foundation-makerere-university/

 

Private Sector Foundation Uganda (PSFU) representing private sector business associations in partnership with Government of Uganda is holding the Uganda- DR Congo Business Summit. The summit officially kicked-off on Monday, 30th May in Kinshasa with Rt. Hon. Rebecca Kadaga as the head of the Ugandan delegation. The Summit in Kinshasa has attracted more than 200 participants from Uganda and DRC, all seeking to open up new business frontiers as well consolidate trade relations between Uganda and DR Congo. 

The Summit is jointly organized by the Private Sector Foundation Uganda (PSFU),Uganda National Chamber of Commerce and Industry (UNCCI), Uganda Manufacturers Association (UMA), in partnership in the Government of the Republic of Uganda’s Ministry of Trade, Industry and Cooperative (MTIC), Ministry of Foreign Affairs, Ministry of East African Community Affairs (MEACA), Uganda Export Promotion Board (UEPB), Uganda Investment Authority (UIA), The Presidential Advisory Committee on Export and Industrial Development (PACIED).

DRC was formally admitted into the EAC Regional Bloc on March 29, 2022, bringing together a market size of more than 250 million people.

Speaking ahead of the Summit in May, 2022, the PSFU chief executive officer, Mr. Stephen Asiimwe, said the entry of DRC into the East African Community now provides the Uganda business community with an opportunity to trade in a market that has a population of more than 90 million people. The Uganda business community, he said, was yet to take full advantage of the opportunities that arise out of DR Congo, noting that it is also important to engage in high levels of innovation and creativity to diversify exports beyond food commodities and informal cross border trade.  

“We can maximise trade by developing deeper links between domestic producers and external markets such as DR Congo. The country has a population of over 90 million people, which provides a big business opportunity,” said Asiimwe. 

Uganda’s trade with DRC has been growing over the years, increasing by an average of 10% annually. During 2017, for instance, Uganda exported goods worth $188.98m to DRC while imports from DRC to Uganda stood at $156.5m. However, this has exponentially grown, with Uganda’s exports to DRC increasing to $338.56 Million in 2021. 

“The DRC is one of Uganda’s biggest trading partners in East Africa, with Uganda exporting mainly cement, palm oil, beer, sugar, iron and steel, rice, iron and steel (scrap), cocoa beans and natural rubber,” said Hon. Francis Mwebesa, the Minister of Trade. “Uganda and DRC have been working together to improve trade, through a number of initiatives that include a joint agreement, in which Uganda agreed to support construction of a 223 kilometer road project linking the two countries. The roads, among others are expected to boost cross border trade, improve security, connectivity and deepening integration,” he added. 

Asiimwe said Uganda is strategically positioned to gain from the already existing good relations between the two countries, especially on cross border trade and investment which are expected to blossom due to continued improvement in transport and logistics.

 

Uganda, Kampala; 19th May 2022: Private Sector Foundation Uganda (PSFU) representing private sector business associations in partnership with Government of Uganda will hold the first ever Uganda- DR Congo Business Summit between May 31 and June 8 in Kinshasa and Goma located in the Democratic Republic of Congo. The Summit is  expected to attract more than 200 participants from Uganda and DRC, seek to open up new business frontiers as well consolidate trade relations between Uganda and DR Congo through discussions of business linkages, trade fairs and engagements between governments and businesses during the 10 days in the DRC. 

The Minister of Trade, Industry and Cooperatives will lead the Uganda trade delegation to DR Congo, which will include government officials and Private Sector members. 

The Summit is jointly organized by the Private Sector Foundation Uganda (PSFU),Uganda National Chamber of Commerce and Industry (UNCCI), Uganda Manufacturers Association (UMA), in partnership in the Government of the Republic of Uganda’s Ministry of Trade, Industry and Cooperative (MTIC), Ministry of Foreign Affairs, Ministry of East African Community Affairs (MEACA), Uganda Export Promotion Board (UEPB), Uganda Investment Authority (UIA), The Presidential Advisory Committee on Export and Industrial Development (PACIED).

DRC was formally admitted into the EAC Regional Bloc on March 29, 2022, bringing together a market size of more than 250 million people. 

Speaking ahead of the Summit, the PSFU chief executive officer, Mr. Stephen Asiimwe, said the entry of DRC into the East African Community now provides the Uganda business community with an opportunity to trade in a market that has a population of more than 90 million people. The Uganda business community, he said, was yet to take full advantage of the opportunities that arise out of DR Congo, noting that it is also important to engage in high levels of innovation and creativity to diversify exports beyond food commodities and informal cross border trade.   

“We can maximise trade by developing deeper links between domestic producers and external markets such as DR Congo. The country has a population of over 90 million people, which provides a big business opportunity,” said Asiimwe. 

Uganda’s trade with DRC has been growing over the years, increasing by an average of 10% annually. During 2017, for instance, Uganda exported goods worth $188.98m to DRC while imports from DRC to Uganda stood at $156.5m. However, this has exponentially grown, with Uganda’s exports to DRC increasing to $338.56 Million in 2021. 

“The DRC is one of Uganda’s biggest trading partners in East Africa, with Uganda exporting mainly cement, palm oil, beer, sugar, iron and steel, rice, iron and steel (scrap), cocoa beans and natural rubber,” said Hon. Francis Mwebesa, the Minister of Trade. “Uganda and DRC have been working together to improve trade, through a number of initiatives that include a joint agreement, in which Uganda agreed to support construction of a 223 kilometer road project linking the two countries. The roads, among others are expected to boost cross border trade, improve security, connectivity and deepening integration,” he added. 

Asiimwe said Uganda is strategically positioned to gain from the already existing good relations between the two countries, especially on cross border trade and investment which are expected to blossom due to continued improvement in transport and logistics. 

Click here to Register: https://www.udbs.africa/

For more information, pdf click here to download the logistics Note. (196 KB)

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May 10th, 2022Kampala, Uganda – The Private Sector Foundation Uganda (PSFU) hosted a business summit with the President of the United Republic of Tanzania, HE Samia Suluhu Hassan on May, 10th 2022 at Kampala Serena Hotel, Kampala Uganda.

The Business Summit brought together 100 business executives from both Uganda and Tanzania and other high-level Government officials from both Countries, and over 200 following the discussions online. The summit involved panel discussions and a dialogue with the President of Tanzania and the business players from both Countries. One of the major purposes of the summit was to secure more business commitments from both the policymakers and business community in Tanzania especially in dealing with the non-tariff barriers which hinder youth employment such as work permits.

“This business summit is such a timely event that will enable private sector players discuss and manage both the tariff and non-tariff barriers to trade and business development in the two countries which have for long affected value retention and job creation.” Said PSFU Chairman, Hon. Elly Karuhanga. “We believe that after this summit we will create thousands of jobs for the youth through trade in goods and services such as agriculture, ICT and tourism.” He added.

Tanzania and Uganda enjoy a long-standing, deep, historical diplomatic and economic relationship that has been strengthened by recent developments in the oil & gas industry, principally the East African Crude Oil Pipeline (EACOP) project.

Uganda imported goods worth US$ 743.68 million from Tanzania and exported goods worth US$ 95.13 million in 2020. This signifies a trade deficit of over US$ 648 million. To further strengthen the relationship and promote trade between the two Countries, the Ministry of Foreign Affairs in partnership with the Private Sector Foundation Uganda have organized a business dialogue to share insights and available business opportunities.

The dialogue was attended by key 100 private sector players from Uganda and Tanzania who explored business opportunities, as well as strategies for collaboration to harness the long standing relationship between the two Countries.

Private Sector Foundation Uganda (PSFU) for 27 years now as the national focal point for the East African Business Council, and the COMESA has spearheaded the trade policy and trade development agenda on behalf of the business community, directly engaging with regional policy platforms. Therefore, this business summit is among the various engagements that we are committed to continue delivering to promote private sector competitiveness and growth for all our business players.

The business summit was organized in close partnership with the Uganda Ministry of Foreign Affairs, and the High Commission of the United Republic of Tanzania.

                       

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