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Making the Stimulus Package Work for MSMEs

Homepage On-going campaigns Making the Stimulus Package Work for MSMEs
On-going campaigns

Making the Stimulus Package Work for MSMEs

March 16, 2021
By SEATINI
0 Comment
1333 Views

The outbreak of the Covid-19 pandemic has exacerbated the challenges faced by Micro, Small and Medium sized Enterprises (MSMEs) that make up over 90% of Uganda’s Private Sector. Their businesses have been heavily hit, leading to low production, low sales but also some have completely shut down.

The different Stimulus Packages in their design makes it hard for MSMEs to access funds and thus the need to engage the policy makers and government of Uganda on the need to make the stimulus packages responsive to the needs of MSMEs. The available packages are not directly addressing the challenges of entrepreneurs for example the requirement for accessibility is that MSMEs should form groups of businesses in the same line, collect a lot of paperwork. i.e. “Emyooga” is limited to collective groups and yet offers a low amount of financing i.e. 30 Million Uganda shillings for a group of maximum 30 members. The financing is not only insufficient but also excludes entrepreneurs who would wish to access such financing individually for their small businesses.

Join this Campaign towards making the Stimulus Packages Work for MSMEs. #StimulusPackagesUg


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seatiniuganda SEATINI UGANDA @seatiniuganda ·
23h

✅ We have successfully concluded the follow-up meeting on the implementation of the Tororo Municipal Council Local Revenue Enhancement Plan!

💡 It brought out key insights, 🚧 shared challenges, and 🔄 renewed strategies for strengthening local revenue systems.

🙏🏽 Special…

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seatiniuganda SEATINI UGANDA @seatiniuganda ·
23h

Building personal relationships with taxpayers, and assigning revenue officers specific groups, can improve compliance and revenue yield.
- Ms. Ruth Namirembe, an advocate in tax practices
#TaxJustice #TaxJusticeUG
@IrlEmbUganda @dfatirl @mofpedU @mtic_uganda
@TaxJusticeAfric…

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seatiniuganda SEATINI UGANDA @seatiniuganda ·
23h

Maintain taxpayer databases and use SMS reminders for license renewals or upcoming dues. This approach is cheaper and more effective than field enforcement. - Ms. Ruth Namirembe, an advocate in tax practices
#TaxJustice #TaxJusticeUG
@IrlEmbUganda @dfatirl @mofpedU @mtic_uganda…

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seatiniuganda SEATINI UGANDA @seatiniuganda ·
23h

Automating systems like parking fees and tax payment (like KCCA does) helps improve efficiency, reduce evasion, and enhance revenue collection. - Ms. Ruth Namirembe, an advocate in tax practices
#TaxJustice #TaxJusticeUG
@IrlEmbUganda @dfatirl @mofpedU @mtic_uganda…

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