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Banks (Finance)

Unlocking Growth Opportunities for Small Businesses in Greater Mukono

Strategic Insights

— 1 min read

Over 450 small business owners in Greater Mukono recently participated in a training-workshop that equipped them with modern business management skills and linked them to affordable financing. The two-day activity, part of the MSME Accelerator Program, aimed to accelerate the growth and impact of 2820 Micro, Small, and Medium-sized Enterprises (MSMEs) in various sectors. The program, implemented by Opportunity Bank Uganda Limited and Federation of Small and Medium Enterprises (FSME), in partnership with the Argidius Foundation and Opportunity International, has previously trained over 2000 small-scale business owners across Uganda.

Key Takeaways:

  • The MSME Accelerator Program targets 2820 MSMEs in various sectors, including Agribusiness, Manufacturing, ICT, Building and Construction, and the Green Economy.
  • The program aims to accelerate the growth and impact of MSMEs by providing access to business development services and affordable financial products and services.
  • The training-workshop in Greater Mukono equipped over 450 small business owners with modern business management skills and linked them to affordable financing.
  • Participants in different sectors and value-chains shared experiences and found solutions to their challenges and discovered business opportunities.
  • Ronald Baganda of Treasure Cosmetics Products learned about the importance of business knowledge and access to affordable finance in effectively managing and growing his enterprise.
  • The program has previously trained over 2000 small-scale business owners across Uganda, in areas such as Mubende, Hoima, Soroti, Lira, Masaka, and Jinja.
  • Johnson Rukara, Business Solutions and Programs Manager at Opportunity Bank, stated that the program's interactive sessions help build the capacity of MSMEs to move from one step to greater heights.

Statistics:

  • 450 small business owners in Greater Mukono participated in the training-workshop.
  • The MSME Accelerator Program has trained over 2000 small-scale business owners across Uganda.
  • The program targets 2820 MSMEs in various sectors.
  • 1-year duration of the MSME Accelerator Program.

Sources:

  • Opportunity Bank Uganda Limited
  • Federation of Small and Medium Enterprises (FSME)
  • Argidius Foundation
  • Opportunity International

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