At the Top100 Mid sized Companies Survey Forum held at the Sheraton Hotel Kampala recently, Vodafone Uganda represented by Hurry Mugisha, Head SMEs urged the Small and Medium enterprises in attendance, to consider leveraging the internet for more roles than just communication.
“The online databases which culminate in knowledge on how to get listed on stock markets are some of the Vodafone affordable offers the SMEs can leverage to work faster and smarter”, he advised.
According to the National Small Business Survey of Uganda Report 2015 by Finance Sector Deepening (fsduganda), only 37% of businesses have access to the internet, and the main purpose for the use of it is communication with suppliers rating at 71%. Nearly as many businesses (68%) use the internet to access business information and a few (39%) use it to market their products.
Vodafone is taking deliberate steps to bridge the digital gap and SMEs, so that they can leverage the benefits of ICT integration in businesses. The dynamism of technology is an indicator that businesses need to evolve to working smart and faster for them to achieve high efficiency, productivity, competitiveness and profitability.
The Top 100 mid-sized companies’ survey is an initiative of KPMG and the Nation Media Group represented by Daily Monitor in Uganda; it has been conducted since 2009 in Uganda as well as in Kenya and Tanzania. The purpose of the survey is to identify Uganda’s fastest growing medium sized companies in order to showcase business excellence and highlight some of the country’s most successful entrepreneurship stories.