The European Union has proposed the creation of an equity fund, that will support the development of small and entrepreneurs engaged in agribusiness.
The fund as proposed shall be tasked with the provision of access to long term financing and business services. It will also increase the capacities of Small and Medium Enterprises engaged in agribusiness and very importantly increase the value addition of agriculture goods.
Dr Roberto Ridolfi, the head of the European Union delegation to Uganda, said: “The equity fund is, we believe, the main course of action that will bring investments, not only in form of money but also market exposures and penetration of SMEs to European markets.”
Dr Ridolfi made the remarks during the Global Entrepreneurship Week (GEW) Workshop in Kampala that seeks to help upcoming entrepreneurs to pursue their business dreams beyond boarders. “The road to becoming a middle income country is certainly neither smooth nor straight,” thus there is need to kick-start small business so as to grow their strength,” Ridolf said.
The monitor (Uganda)