Uganda: Formalise SMEs to Spur Growth - UIA

15 February 2013

The Uganda Investment Authority (UIA) is calling for complete formalisation of all small-and-medium-sized enterprises (SMEs) as a stimulus for containing the rampant unemployment currently at about 62%.

Top executives of the investment promotion agency observed that SMEs create the biggest percentage of new jobs at 26% annually, but to maximise their potential, they must be assisted to become formal entities.

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