By William Kayongo Small and medium-sized enterprises (SMEs) are the backbone of Uganda’s economy, contributing significantly to job creation, innovation, and economic growth. According to the Uganda Investment Authority, SMEs account for about 90% of the private sector, employ more than 2.5 million people, and produce over 80% of Uganda’s manufacturing output. Despite their pivotal role, SMEs often face a range of challenges, including limited access to finance, lack of adequate infrastructure, and minimal access to markets. Financing, in particular, remains a critical hurdle, with many SMEs struggling to secure the funds they need to grow, expand, or even sustain…
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