The Prime Minister, Dr. Ruhakana Rugunda has said Government continues to recognize the role of the private sector in achieving the country’s set development aspirations under Vision 2040.

He said Government and the Private sector have agreed on a number of priorities that will propel the country into a middle income status as outlined in the National Development Plan II.

PM Rugunda in a group photo with some of the stakeholders who attended the launch of Private Sector Foundation Uganda new identity at Serena Hotel,Kampala on Tuesday (Photo by PMPU)

The Premier made the remarks at the launch of the new identity for Private Sector Foundation Uganda at Serena Hotel, Kampala on Tuesday.

The Premier acknowledged the role of Private Sector Foundation Uganda in creating jobs, generating revenue and exports which have enhanced development in the country.

He applauded the partnership between Private Sector Foundation Uganda and United Nations Development Programme (UNDP) in supporting government to implement Agenda 2030 of the Sustainable Development Goals to which the country’s priorities are subsumed.

Rugunda commended Private Sector Foundation Uganda for taking on a new identity embraced with repacking, redefinition and reposition strategies, noting that it is timely and significant as the world and issues also keep changing.

He said it was crucial for every organization to be on the out-look for new dynamics which should be taken advantage of for the benefit of the organization and its members.

“Private Sector Foundation Uganda has done the right thing in regard to getting a new identity. However, I would like to mention that the new identity must go beyond the logo and the brand, and match the gravity of the task at hand to better position the private sector in the driving seat of our economy,” Rugunda said adding that the changes and new identity must be deep and not cosmetic.

The Prime Minister said Government will continue to provide the necessary environment for the private sector to flourish by valuing the recommendations and contributions of Private Sector Foundation Uganda, as well as dealing with all bottlenecks that hinder doing business.

PM Rugunda (Front row-Center) in a group photo with MoS for Trade, Kafabusa(PM’s R) and PSFU Board members after the launch of PSFU new identity at Serena Hotel, Kampala on Tuesday (Photo by PMPU)

“As Government we are aware of the policy issues raised by Private Sector Foundation Uganda about local content, interest rates, domestic arrears, taxation, procurement, regulation, standard setting and regional integration among others. I want to assure the organization that government is determined to identify and promptly address the bottlenecks that stand in the way of doing business,” Rugunda said.

The Prime Minister urged Private Sector Foundation Uganda to focus on boosting information dissemination strategies and enhancing advocacy to create greater visibility and awareness of key issues relevant to the stakeholders.

The Minister of State for Trade, Michael Werikhe Kafabusa said Government will continue to work and support Private Sector Foundation Uganda in creating better trade and investment climate for the private sector.

He noted that government is working on addressing issues the private sector faces such as the high power tariffs, poor infrastructure and long procurement processes among others.

The Board Chairman of Private Sector Foundation Uganda, Patrick Bitature said Private Sector Foundation Uganda is not only changing its logo, but it is also redefining its strategy and direction.

He said there is need for government to collect more revenue in order to enable the country achieve its middle income status target.

PM Rugunda(L) shakes hands PSFU Board Chairman, Bitature after unveiling the new identity logo of PSFU (in the background) at Serena Hotel on Tuesday (Photo by PMPU)

Bitature also urged the country to strive to be self-reliant as opposed to depending on donors to grow its sectors.

The Executive Director of Private Sector Foundation Uganda, Gideon Badagawa said Private Sector Foundation Uganda’s new identity is focused on the country’s shared values and social business of building capacity for the private sector through advocacy which will enhance delivery and development of the country.

He also noted that some of the issues the Foundation will solve to enhance the private sector include limited human capital development, lack of skills as well as slow decision making among others.

Private Sector Foundation Uganda was founded in 1995 as Uganda’s apex body for the private sector and serves as a focal point for private sector advocacy as well as capacity building. It is made up of business associations, corporate bodies and major public sector agencies that support private sector growth. It currently has a membership of 220 members.


Tuesday, January 23, 2018