Vice President Edward Ssekandi (2nd R) hands an award to the overall winner Damian Ssewankambo of Graphic Mutations Limited on Friday as Finance minister Maria Kiwanuka (R) looks on.
The government has reaffirmed its commitment to support the Small and Medium Enterprises (SMEs), but this time paying particular attention to the mid-size companies whose impact on the economy in terms of job creation and revenue generation is immense.
Speaking during the award ceremony of the Top 100 mid-size companies last week in Kampala, Vice President Edward Ssekandi said government is committed to creating an environment that will allow the mid-size companies thrive.
“SMEs have tremendous ability to create growth and development. And for that, the government is committed to creating an enabling environment for them to excel.” We (government), through the Public and Private Partnership (PPP) arrangement, will endevour to deal with challenges that affect the SMEs sector,” he said.
Mr Ssekandi also advised the mid-size companies to adapt good practices and standards that will make them better and stronger in the face of current cutthroat global competition. He also urged the mid-size companies to cash in the wider EAC and COMESA market, which according to the government is untapped.
At the same event, Top 100 mid-size companies in the country were recognised and awarded after a survey conducted by KPMG, an audit firm showing they meet all the ingredients and financial fitness of a competitive mid-size firm. The survey, which is in its fifth year running, is sponsored by Sage Pastel, Insurance Company of East Africa and Stanbic bank while Monitor Publications Limited and KPMG are the brain behind the idea in Uganda.