27-28 NOVEMBER 2020
Composing 90 per cent of the private sector, small and medium enterprises (SMEs) play an important role in driving Uganda’s transition to a green economy. By bringing green products, services and technologies to the market through scalable business models, Uganda’s SMEs have the potential to transform the economy and create jobs across sectors. However, SMEs in Uganda continue to face challenges when it comes to accessing markets and finance, and acquiring the requisite business development support to scale their business models and impact. This is especially true for “green” SMEs. In particular, the ability of enterprises to access loans to invest in their own growth – whether through staff trainings, asset acquisition, product development, exploration of new markets, or other activities – is low. Even before the added challenges posed by Covid-19, less than 4 per cent of enterprises reported in the most recent National Small Business Survey of 2015 that they have received start-up capital from banks. These challenges are indeed exacerbated by the recent impacts of Covid-19.
From Bankable Businesses to a Resilient, Green Economy in Uganda
A concerted effort among multiple stakeholders – including enterprise incubators, accelerators, banks, donors, business development (BDS) organisations, and the government – is pivotal to ignite the potential of green SMEs across sectors and create an enabling environment for these enterprises to grow while boosting inclusion and resilience in the Ugandan economy. During Kampala Innovation Week 2020, the UGEFA Green Entrepreneurship Day will bring together representatives from these key ecosystem stakeholder groups and green SMEs to celebrate the achievements of enterprises while collaboratively mobilising support for building the capacities and financing available to green SMEs across sectors in Uganda.
Download further information on UGEFA Green Entrepreneurship Day @ Kampala Innovation Week 2020 including speaker profiles here.
This multi-stakeholder dialogue forum is part of the implementation of the Uganda Green Finance Enterprise Accelerator (UGEFA), a four-year project funded fully by the European Union. It is implemented by adelphi research gGmbH, a public policy consultancy and think tank focused on climate, environment and development based in Germany. The project is implemented in collaboration with Finding XY and SEED.