ADVERTISEMENT

Uganda's informal sector to receive massive boost from new business registry campaign

Uganda Registration Services Bureau (URSB), the national business registry, has launched its mass business registration campaign aimed at promoting formalisation among entrepreneurs and small business owners.

Uganda's informal sector to receive massive boost from new business registry campaign/Courtesy

In a news release dated September 26, the bureau said this initiative seeks to simplify the registration process, raise awareness about the benefits of formalization, and drive economic growth.

ADVERTISEMENT

Dubbed “kiri easy, formalize today”, the campaign targets registering an additional 873,546 businesses by 2026/27.

By registering their firms, and complying with legal and regulatory frameworks, businesses gain legal protection, access to financial services, and opportunities for growth, experts say.

URSB’s mass business registration campaign aims to empower entrepreneurs and small business owners to transition from the informal to the formal sector.

ADVERTISEMENT

Leveraging technology and a user-friendly platform, the Kiri Easy campaign provides comprehensive support and guidance, ensuring a seamless and efficient experience for entrepreneurs.

The Minister of Justice and Constitutional Affairs, Norbert Mao who was the keynote speaker said that by fulfilling its role in formalizing Uganda’s economy, URSB contributes to several key outcomes.

“This initiative, which we are launching today, represents high expectations in our ongoing efforts to bolster economic growth, stimulate entrepreneurship, and enhance the ease of doing business in Uganda.”

The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, said, “This mass business registration initiative represents a positive step forward in our quest to make Uganda a hub of innovation, entrepreneurship, and economic prosperity."

Ambassador Francis K. Butagira, the Board Chairman said URSB continues to create awareness about the benefits of business registration to enhance the country’s competitiveness and drive private sector growth.

ADVERTISEMENT

Mercy K. Kainobwisho, the Registrar General said, “Formalization is a critical step towards building a thriving business ecosystem.”

JOIN OUR PULSE COMMUNITY!

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulse.ug

Recommended Articles

Ericsson report forecasts 85% of global population to have 5G by 2029, with Africa leading the way

Ericsson report forecasts 85% of global population to have 5G by 2029, with Africa leading the way

Gov’t called to triple agriculture insurance fund as ITC graduates 720

Gov’t called to triple agriculture insurance fund as ITC graduates 720

Kin Kariisa bids farewell: A legacy of advocacy, unity, and triumph at NAB

Kin Kariisa bids farewell: A legacy of advocacy, unity, and triumph at NAB

Next Media's Joe Kigozi takes on new role as NAB Vice Chairperson

Next Media's Joe Kigozi takes on new role as NAB Vice Chairperson

ITC to immortalize late Kampala Mayor, insurance icon John Ssebaana Kizito

ITC to immortalize late Kampala Mayor, insurance icon John Ssebaana Kizito

Why some phones, electronics or car parts are designed to fail with time

Why some phones, electronics or car parts are designed to fail with time

Zeus the Agency clinches 'Rising Agency of the Year' at UMEA Awards 2023

Zeus the Agency clinches 'Rising Agency of the Year' at UMEA Awards 2023

Gov’t pledges partnership with Financial Diet Academy

Gov’t pledges partnership with Financial Diet Academy

CCBU clinches top tax payer award

CCBU clinches top tax payer award

ADVERTISEMENT