February 3

Report: Social Enterprises Neglected in Uganda

A new report entitled ‘The Status of Social entrepreneurship in Uganda’ said social enterprises suffer from lack of access to cheap credit; they do not have the space and environment for growth.

A social enterprise is an organisation that applies commercial strategies to maximise improvements in financial, social and environmental well-being—this may include maximising social impact alongside profits for co-owners. The report, the first of its kind called for government policy for social enterprises to enable them is recognised.

The head of Budget Monitoring and Accountability Unit at the Ministry of Finance Margaret Kakande while launching the report said the emergence of many social enterprises was a sign that Ugandans were actively solving their community problems. The function took place in Kampala on Thursday.

Source: New Vision (link opens in a new window)

business development, social enterprise