Tuesday, November 15, 2016 

Uganda to celebrate start-ups

KAMPALA, UGANDA - The entrepreneurship spirit is being celebrated this week across the world including Uganda.

Enterprise Uganda will be hosting the Entrepreneurship Conference at Mulwana Hall on 17th and 18th November. 

This year’s theme is ‘In It to Win.’ Enterprise Uganda recognizes that is just not enough to start but also to maintain and grow your business. The two-day conference is expected to attact over 1000 people per day and showcases the different products available to businesses. 

According to Enterprise Uganda, in Uganda, entrepreneurship faces a unique challenge. Uganda has been consistently named as one of the most entrepreneurial countries in the world with about 30% of the population engaged in business start-up. 

‘This rate is very impressive considering that the second entrepreneurial country in the world which is Thailand has 16% of its population engaged in business startup. This figure is more astounding when compared with other countries such as China (10%), India (2.5%), and France (1.7%)’, the Enterprise Uganda statement reads in part.

However Uganda’s high rate becomes dismal when figures also show that business start-ups have a failure rate of about 50%, also one of the highest in the world.

The Global Entrepreneurship Week was launched in 2008 as the celebration and appreciation of the entrepreneurship spirit that drives people of all ages, gender, race and nationalities in being the innovators and job creators who launch startups that bring ideas to life, drive economic growth, and expand human welfare.

It is held annually in the third week of November. The GEW is meant to showcase the products of entrepreneurship and encourage more people to get into the act of starting their own businesses. It brings to the forefront different organisations and individuals who contribute to the growth of entrepreneurship.

By Sam Okwakol, Tuesday, November 15th, 2016