The Ministry of Trade, Industry and Cooperatives, in collaboration with the International Trade Center and support from the European Union, has launched a new project that aims at empowering Uganda’s Small and Medium Enterprises (SMEs) and positioning them to take advantage of the opportunities in the global market.
The four year Ugx 33 billion project is designed to ensure that Uganda’s Small and Medium Enterprises have the policy and business environment they need to grow, compete and trade both within the continent and internationally with emphasis on the European Union market.
The project places emphasis on quality compliance standards, bringing e-commerce within reach of more SMEs, and fostering innovations, among others.
While speaking during the launch, the Minister of Trade, Industry and Cooperatives Hon Francis Mwebesa said the project will contribute to increasing Uganda’s exports to the EuropeanUnion, which are currently valued at US 1.4 billion dollars.
