Buganda Teams Up With Private Sector Foundation to Promote Business

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In short
Waggwa Nsibirwa, the Buganda Kingdom Investment Minister, says the partnership will enable both the private sector Foundation and the Kingdom to achieve their goals on economic development.

Buganda Kingdom has entered into a partnership with the Private Sector Foundation-PSF to promote business in the Kingdom. The move is aimed at promoting enterprise growth, and close the unemployment gap. 



Gideon Badagawa, the Executive Director Private Sector Foundation, says the partnership is meant to economically empower the local people to raise their income levels so as to attain financial independence.
 
 
He says they decided to team up with Buganda where 60 percent of the businesses in the country are found.
 
 
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Waggwa Nsibirwa, the Buganda Kingdom Investment Minister, says the partnership will enable both the private sector Foundation and the Kingdom to achieve their goals on economic development.


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Buganda Kingdom Premier, Charles Peter Mayiga said the agreement will promote growth in the Kingdom, saying unlike governments, the private sector pays a little more attention on development for economic growth. 


He cited the need for government to invest in areas such as Agriculture and cooperatives to benefit the local people to spur economic growth. 


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The partnership agreement focuses at exploring modalities of collaboration, information sharing and organization of events and trade fairs. 


Through the partnership, PSFU will extend training and capacity build programs to business people and cooperatives in Buganda.
  

 

About the author

Olive Nakatudde
Olive Nakatudde is a URN journalist based in Kampala. Nakatudde has been a URN staff member since 2013.

Nakatudde started out in journalism in 2009 with Dembe FM radio in Kampala. In 2012, Nakatudde joined Voice of Africa as a political reporter. She has been a photographer since her journalism school days at Makerere University.

Nakatudde is interested in good governance and public policy, which she reports on intensively from the Uganda Parliament. She is a keen follower of cultural affairs in Buganda Kingdom and covers the kingdom's Lukiiko (parliament). Nakatudde also reports on education and health.