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Access to finance hinders young entrepreneurs - Citibank chief

Published on May 25, 2017

Young entrepreneurs in Uganda’s economy that constitute nearly 90 per cent of the private sector in the small businesses and entrepreneurship are limited from accessing friendly and soft financial support from banks because of high interest rates.
Citibank Uganda chief executive officer Sarah Arapta said young entrepreneurs in Uganda are not supported financially and given training opportunities in areas of business planning to expand their businesses.
“Uganda`s private sector is made up of 90 per cent young entrepreneurs who are not directly supported and not trained in book keepings (and) marketing skills, ” she said. Ms Arapta made the remarks during a press conference in Jinja on Monday. Read more. Source | Daily Monitor