Private Sector Foundation Uganda today, Thursday, 3rd December 2020 announced that it turned 25 years since its founding in 1995, on 24th August 2020, and will engage in a series of events to commemorate the 25 years. PSFU was established to represent the interests of the Business Community and the Private Sector as the apex body in Uganda.
Mr Rajesh Chaplot (PSFU Board Member) together with Mr. Gideon Badagawa, PSFU Executive Director during the media briefing.
In the 25 years of existence, PSFU has achieved key milestones;
- PSFU increased membership from 11 in 1995 to over 242 today. The membership is comprised of business associations, corporate enterprises and public entities that support private sector growth.
- Today, PSFU has its own home on Plot 43 Nakasero Road, in Kampala and is recognized by the Government of Uganda, other stakeholders as the apex body of the business community and Private Sector in Uganda.
- PSFU has grown to become the main platform for dialogue with both development partners and Government and has a very strong advocacy position with Government.
- Developed more strategic partnerships with over 10 development partners such as World Bank, European Union, UN in Uganda, GIZ, Mastercard Foundation among others to drive the private sector agenda
“We are thrilled that over the past 25 years we have supported our members to improve business operations and competitiveness to support the overall private sector in Uganda.” Said, Mr Gideon Badagawa, Executive Director, PSFU
He added, PSFU has supported the private sector through grants mechanism up to over one billion dollars to enhance skills, capacity building, and business development among others. This has been possible through the partnerships created with development partners through the 25 years.
While PSFU has continuously and reliably provided support to its membership and the general private sector through policy advocacy, business development services, lobbying and research to ensure improved and favourable tax and business policies, in recent years, PSFU has broadened its scope to focus on strengthening our institutional capacity for the betterment of our members, as well as promoting sustainable partnerships.
In the last nine months, PSFU has been at the forefront of the fight against the effects of COVID19 pandemic on businesses in Uganda. PSFU engaged with Government of Uganda to ensure that Government priorities are focused towards resuscitating the economy through supporting the private sector enterprises sector by sector to stay afloat during the pandemic.
Looking to the future, PSFU commits to build more partnerships with development partners & agencies (local & international) to contribute to competitive & sustainable private sector development.