Uganda continues to hold a premium position among nations ranked highest in entrepreneurial rate in the world, and the Chamber of Young Entrepreneurs Uganda believes sustainability is the key to strengthening this stance.
The Chamber today launched the entrepreneurship summit 2022, which is set to be hosted on the 14th of July at the Kampala Serena Hotel, hosting up to 1500 young entrepreneurs and women in business.
The summit will be opened by the Vice President of Uganda, Hon. Jessica Rose Epel Alupo, at 2:00 pm, and is set to be hosted under the theme; “Fostering Recovery and building entrepreneurial resiliency.”
“We organize this summit annually in the belief that great results for a common shared economic future emerge from gathering unique young minds from hubs, incubators, entrepreneurship spaces, and startups across the country to share and examine new trends and insights, thereby unlocking opportunities,” Edwin Musiime, the President of the Chamber, said at the launch.
The summit will host, among other notable speakers, the Deputy Speaker of Parliament, Rt. Hon. Thomas Tayebwa, Dr. Maggie Kigozi, top CEOs, and other leading young entrepreneurs.
Airtel Mobile Commerce Uganda Limited (AMCUL), one of the co-sponsors, says the summit presents a huge opportunity for sector players to reflect and better understand the changing needs of Ugandan entrepreneurs. Entrepreneurs are the gears that drive the economy forward. Mobile commerce solutions providers like Airtel Money need to innovate and deliver solutions that make it easy for the Ugandan entrepreneurial spirit to thrive.
“We are working to ensure that for every phone line in the hands of an entrepreneur, there is a viable financial account, and the financial literacy to enable our entrepreneurs to grow the potential of their businesses. With the right partners this is possible ” says David Birungi, Public Relations Manager at Airtel.
Stanbic Bank, one of the co-sponsors of the summit 2022, says it is a great opportunity to applaud and celebrate the efforts made by young entrepreneurs who have pushed through despite the challenging environment rendered upon the country by the last two years of the COVID19 Pandemic—to create innovative business solutions that are solving everyday problems and transforming the lives of many Ugandans.
The bank further stated that July 14th will be a great opportunity to share Stanbic Uganda’s efforts towards supporting youth-led enterprises through the business incubator as well as nurturing tomorrow’s job creators—through the famous National Schools Championship.
“We know, entrepreneurs continue to create over 85% of employment in the informal sector, and as Stanbic Bank, we are keen to specifically understand the needs of young entrepreneurs and what solutions will help them grow, expand, and create the desired impact through their work,” says Cathy Adengo, Head—Sustainability.
Edwin Musiime, the Chamber president, further appreciated the summit 2022 partners: Stanbic Bank, Airtel Money, Serena Hotel, Olim Group, Green Economy East Africa, and NBS for their strong faith in young people and women in business.
“I strongly believe that more access to opportunities, innovativeness, financial inclusion, and a digital economy will go a long way to motivate the entrepreneurial drive among young people, addressing many of our foremost youth challenges, including the high rates of unemployment,” Musiime added.