MTN Mobile money users to conveniently make transfers to all networks

Users of MTN mobile money will conveniently send and receive money from MTN mobile money, Airtel money, Africell money & UTL M-Sente customers.

The move by MTN Uganda follows a directive by Bank of Uganda last year to all mobile money operators in Uganda to be inter-operable between local telecommunications companies.

To send money, the customer dials *165*1# then selects ‘International Transfer’


Private Sector One Dollar HIV&AIDS Initiative (ODI)

Despite the significant achievements made to date in Uganda, HIV&AIDS still remains a challenge, with remarkable high HIV prevalence with new infections working population. While Government of Uganda has invested considerable resources in combating HIV and AIDS, there is still a lot of dependence on external foreign donors especially for the purchase of HIV and AIDS prevention and treatment commodities.

On Sunday, 9th December 2018, private sector players together with other delegates joined in a walk/run to promote the One dollar Initiative (ODI).

The One Dollar HIV & AIDS Initiative Uganda (ODI) is a private sector led innovative mechanism aimed at raising domestic resources to support HIV & AIDS national response. HIV & AIDS does not only affect consumption and profitability of business but also destabilizes the overall business environment in the Country.

ODI’s purpose therefore is to engage the private sector to create an endowment fund to support treatment and to stop the flow of new infections.

The ODI clearly aligns with the HIV and AIDS Prevention and Control Act (2014) which emphasizes the value of multi-sector collaboration and increased domestic investment in health as one of the ways that will ensure its sustainable control.

The walk/run kicked off from City Square, Kampala to UMA Show grounds and it was under the theme ‘Until it’s over’.

Mr. Patrick Bitature said, “This is not a tax but a moral obligation for every Ugandan to make a commitment by contributing at least one dollar (Shs 4,000) and this can be done once a year, every month, every week or every day.”

The Chairperson, One Dollar Initiative, Vinand Nantulya said that the campaign is aimed at building an endowment fund worth US$ 1 billion over a period of 5 years which when invested through banks in form of treasury bills and bonds should give at least 10 percent interest.

We encourage members of the Private Sector to donate generously to this cause.

To donate via mobile money, follow the steps below;


Dial *165*4*4#

Enter merchant code: onedollar

Enter reference: type your name

Enter amount:e.g. 5000

Enter pin:****



Dial *185*4*9#

Enter business number:300600

Enter Amount: e.g. 5000

Enter reference: type your name

Enter pin to confimr:****



For more information, visit PSFU offices, Plot 43 Nakasero Road, Kampala


Uganda Clean Cooking Supply Chain Expansion Project – Call for proposal for the Distribution Challenge Fund

The Government of Uganda (GOU) received a Grant from the Energy Sector Management Assistance Program (ESMAP), a multi-donor trust fund operated by the World Bank, towards the cost of the Uganda Clean Cooking Supply Chain Expansion Project (UCCSCEP). The aim of UCCSCEP is to expand both access to, and adoption of, cleaner and more efficient cooking solutions, reduce household air pollution and related burden of disease, and reduce household consumption of and expenditure for biomass cooking fuels.  GOU approved the Private Sector Foundation Uganda to be the implementing agency for the UCCSCEP.

The key component of the project is the Distribution Challenge Fund (DCF), which is a competitive grant that has been operational since December 2016. The DCF comprises several lines of support designed as a market incentive for participating consortia (consortia are made up of one efficient biomass stove manufacturer and one or more distributors) to enable more efficient value chains by providing: (i) concessional finance in the form of both upfront financing and results-based financing for helping with the working capital and scaling up distribution networks, and (ii) cost sharing consumer engagement and marketing campaigns to eligible manufacturer-distributor consortia including for flexible payment sales promotion schemes to consumers.

Currently, the DCF supports four consortia and wishes to expand the program by including more actors in order to reach more households and accelerate the adoption of clean cooking technology in Uganda.

PSFU is therefore calling for proposals from other local and international stove manufacturers of improved cook stoves, who will be required to form a consortium with one or several distributors, to participate in the DCF.

For more details,



Private sector dialogue on achieving Uganda’s climate actions

Entebbe – United Nations Development Programme (UNDP) and the Government of Uganda through the Ministry of Water and Environment (MWE) Climate Change Department (CCD) in collaboration with the Private Sector Foundation Uganda (PSFU) and other development partners including UNFCCC RCC Kampala, NDC Partnership, and GIZ organized a two days (25th to 26th October 2018) dialogue on private sector engagement in climate action with specific focus on Uganda’s “Nationally Determined Contributions” (NDC).

Private actors have not only provided the much-needed finances for various climate change mitigation projects but have also facilitated technology development and transfer as well enabled infrastructure development that have all contributed positively to mitigating climate change. To enable a transformation change to low carbon development, the momentum of the private sector must be turned into more ambitious climate action.

To enable a transformation change to low carbon development, the momentum of the private sector must be turned into more ambitious climate action. There is still a gap as the private sector has limited information on the various financing mechanisms available for implementation of climate actions. There is therefore need for the private sector to be guided on the innovative finance mechanisms available and approaches to leverage public- private sector finance.

“We need to go beyond making money. We need to focus on the policy and legal actions that we can take up to reduce emissions and fight climate change,” Said Gideon Badagawa, Executive Director, PSFU

Participants during a group discussion at the Private sector dialogue hosted in Entebbe

The dialogue brought together representatives from companies in the different sectors including renewable energy and energy efficiency, waste management, biomass and manufacturing. Representatives from financing institutions and international development agencies participated. The discussions during the 2 days dialogue revolved around the regional and national financing opportunities to leverage the private sector for climate action.

Private sector participants emphasized the need to involve all renewable energy sector stakeholders in policy discussions and incentives; coordination among players through developing a strategy to identify key stakeholders and roles for each player; and sensitization and awareness is very critical in the public domain regarding climate change action.

The ‘Nationally Determined Contribution (NDC) Support Programme is an integrated project to improve livelihoods through climate actions that build national resilience & contribute to mitigation of climate change.







Young innovators discuss the role of incubators at MUBS Entrepreneurship Conference

On Tuesday, 23rd October 2018, young entrepreneurs from different universities engaged in a discussion about the role of incubators while attending this year’s Kick-off event, Entrepreneurship, Innovation and Incubation Center’s (EIIC) 13th Annual Entrepreneurship Conference which was held at Makerere University Business School (MUBS).

Among the Universities that participated include; Kyambogo University, UMI, Gulu University, MUBS and other non-university business incubation centres. The conference was held under the theme “Stimulating Innovations among Public Universities and the Role of incubators funded by loans to the Government of Uganda.”

The conference was graced by top entrepreneurship gurus including MUBS’ Professor Wasswa Balunywa, who also doubles as the University’s Principal and Chairman of the EIIC Board. Also in attendance was Mrs. Diana Ntamu, the EIIC Director, as well as Prof. Peter Rosa from the University of Edinburgh, UK.

The event featured presentations from various incubators who demonstrated their entrepreneurship skills as well as shared their innovations during the conference. Among the incubators that presented was Khalifah Dhilal, the proprietor of ‘Khalif Organic International’

Khalifah showcased various products including dried eggs, banana, ginger and many other products.

Aisha Namugembe presented on behalf of Teheca Ltd. Teheca were the winners of the 48-hour innovation express which was held in Kenya July 2017. The team has developed the Prepared Mama Bag & they officially launched the postnatal care mobile phone app which is aimed at supporting new mothers & other postnatal challenges faced in Uganda today.

The Higher Education Science and Technology Project funded by the African Development Bank and implemented by the Ministry of Education supported the establishment of Business Incubation Centres in Universities. PSFU was tasked with the responsibility of providing technical support to all the HEIs and Universities to operationalize the Business Incubation Centres and provide the key linkages with the productive sectors. MUBS is one of the beneficiary Universities among others.


The National Competitiveness Forum (NCF): Creating an enabling environment for Enterprises in Uganda

On Thursday, 18th October 2018, private sector players were hosted for the 9th National Competitiveness Forum, at Mestil Hotel, Nsambya. The National Competitiveness Forum is an annual event organized by the Directorate of Economic Affairs (DEA), Ministry of Finance Planning & Economic Development (MoFPED).

The State Minister of Finance for Planning Hon. David Bahati officially opened the 9th National Competitiveness Forum stating that there’s evident growth in the economy.

Hon. Bahati informed participants that Uganda’s economy in the 2017-2018 financial year has grown and is at 6.1% (GDP) above the projected 5.7%. He attributed this to improved services like hotels and tourism, infrastructure and agriculture.

This forum enables the Ministry of Finance to engage with the Private sector, the civil society, academia and development partners on matters affecting the Business environment and the drivers of enterprise growth and competitiveness. This Forum also shapes policy interventions in the Country’s development agenda.

Mr. Allon Raiz, Chief Executive Officer –Raiz Corp. South Africa shared best practices in building competitive enterprises; and he made reference to his incubation facility emphasizing that you cannot create entrepreneurs in a weekend course, and that’s is exactly what so many of us are trying to do.

Prof. Waswa Balunywa, Principal – Makerere University Business School told participants that infrastructures will not help if there’s no produce to transport. He based his presentation on improvement in reforms of the education sector, calling for more attention to technical and vocational institutes at an early stage of a student’s growth.

He added that the science sector also needs to be revamped. Prof. Balunywa also cited the failure by Uganda to mine its own minerals due to lack of skilled scientists to do this. “We can’t even get our oil from the soil, we need to put emphasis on science” he said.

Dr. Elly Karuhanga vividly expressed that Uganda’s problem is that the country is run as a government not a business. He said a government is for politicians who cannot do business but rather tax people, and increase these taxes every year, until they force some companies into closure. Therefore inclusiveness is vital if the economy is to improve.

He added that while cabinet sits every Monday at State House, Entebbe, it has never invited private sector to advise them on how to run the economy, but that these politicians who have no knowledge about economics go ahead to make laws that are later passed by Parliament which is also full of politicians and no businessmen.

He further explained that there is too much fear in the country where corruption is at its peak. “When you approach a ministry employee about an issue, they fear to speak to you, they then refer you to the Permanent Secretary (PS). The PS will also fear and refer you to the minister. The Minister will refer you the Prime Minister (PM). The PM then refers you to the President, who in turn refers you to the people” Elly interestingly said.

Ms. Patricia Ojangole, Managing Director, Uganda Development Bank emphasized that entrepreneurs need to be more open to advice and guidance from recognized professionals offering Business Development Services.

Summary of key policy actions included;

  • Need to harmonize service delivery mechanisms
  • Address micro level issues to increase competitiveness
  • Financing SMEs is critical
  • Address challenges of infrastructure and energy
  • Utilize existing frameworks, for instance the Presidential Investor Round Table

The one day forum attracted former ministers, members of the academia, representatives of World Bank, commercial banks, private sector among others.


Memorandum of Understanding signed by PSFU and the Microfinance Support Centre to offer technical support to SMEs

On Tuesday, 16th October 2018, PSFU and Microfinance Support Centre (MSC) officially signed a memorandum of understanding to mentor and nurture SMEs through provision of support needed to develop their products and businesses up to a level where MSC is able to fund them.

Mr. John Peter Mujuni, Executive Director, MSC said, “I welcome this important initiative which formalizes and strengthens the existing relationship between PSFU and MSC. I look forward to continuing to build on our constructive co-operation in the interest of supporting SMEs.”

The agreement, in the form of a Memorandum of Understanding (MoU), formalizes the mutual interaction and strengthens the existing relationship between PSFU and MSC at the strategic and working level, focusing on supporting & growing our SMEs to ensure that in the long run they deliver towards bankable projects.

PSFU and the Microfinance Support Centre have a shared objective of promoting economic growth. This MoU provides for continued strengthening of future cooperation between the PSFU and MSC in collaborating to disseminate relevant information to support SMEs.

“There’s desire to contribute to greater development impact in our communities. Therefore, PSFU is ready to technically support SMEs and promote associations to drive competiveness in their projects.” Said Gideon Badagawa, Executive Director, PSFU.

The Microfinance Support Centre Ltd (MSC) is a state owned company mandated to manage micro-credit funds on behalf of Government of Uganda. MSC’s mission is to facilitate access to affordable financial services and strengthen management capacities of Microfinance Institutions and SMEs.


Private sector engagement through development co-operation: A case of Uganda

The 2030 Agenda for Sustainable Development, with 17 Sustainable Development Goals (SDGs) is a comprehensive, ambitious, transformation and universal agenda, which has started to be implemented since 2015. Recognizing the complexity of the agenda, the 3rd International Conference on Financing for Development in Addis Ababa (June 2015), preserved a comprehensive approach to financing development-appreciating the role that various players can play, including the private sector in achieving the SDGs. The Government of Uganda is aware that effectively implementing Agenda calls for more inclusive development cooperation involving all stakeholders.

The Global Partnership for Effective Development Co-operation(GPEDC), a partnership of multi-stakeholders- gov-ernment, private sector, civil society, international organizations and donors and others, encourages effective de-velopment cooperation in support of sustainable development. GPEDC, as one aspect of its work stream gathers evidence on how private sector engagement through development cooperate – financial and otherwise. PSE through development co-operation is defined as: An activity that aims to engage the private sector for development results, which involve the active participation of the private sector.

The validation workshop hosted at Imperial Royale hotel, Kampala championed by UNDP shared the findings of the report to all stakeholders with the view to refine the findings and recommendations. In addition, the organisers of the workshop aimed at creating a platform for discussion to examine the most pressing concerns for private sector engagement in Uganda and discuss the so-lutions multi-stakeholders can recommend.

Find the report here >> Case for Uganda


Private Sector statement on the budget strategy 2019/20

The Government has been urged to adopt strategies to improve efficiency in budget performance. This call was made by stakeholders from private, public and civil society organisations who were hosted by Ministry of Finance at Kampala Serena Hotel on Thursday, 13th September 2018

Currently, at the top of private sector’s concern are the effects of political activities both within the Country and in the region, such as South Sudan which have to a large extent constrained private sector investment decisions.

“When the economy is stable and growing almost at 6% the intensity and prevalence of poverty is growing at 25.8% and 9.8% in the rural and urban areas respectively. This puzzle must be addressed because then it shows that the Country is still lagging behind in job creation. The celebrated growth is not translating into income and hence purchasing power for the bigger part of our population.” Said Gideon Badagawa, Executive Director PSFU

Hon. Matia Kasaija, the Finance Minister, said the 2019/20 budget strategy will seek to consolidate and enhance interventions that have been implemented over the last few years. He said the strategic focus, therefore, remains in achieving industrialization based on agriculture and mineral potential to ensure inclusive growth and the creation of jobs.

For more on the private sector statement, click here


China commits USD 60Bn to finance Africa’s Development

China has promised to avail Africa with USD 60Bn to support the Continent’s Development Financing. This commitment which of the majority will be in credit lines was announced by Chinese President, Xi Jinping on Monday, 3rd September 2018 during the China-Africa Cooperation Forum happening in Beinjing, China

President Yoweri Museveni is in attendance together with a business delegation led by Mr. Patrick Bitature, Chairman Private Sector Foundation Uganda

More details: