PSF calls for big investments

MUHANGA – The president of the Private Sector Federation (PSF), Robert Bayigamba, has advised the business community in the Southern Province, to move from micro business towards bigger investment initiatives through various forms of partnerships. He said, “The establishment of investment groups will reduce the duplication of small businesses and strengthen the role of private sector in national development,” he said. “Such examples have been a success in other countries, and this should be the new trend of doing business.” He was addressing members of the business community from Kamonyi, Ruhango and Muhanga yesterday. Bayigamba remarked that the role of the private sector will be evident in the country’s economic transformation by year 2020. Molly Rwigamba, the Federation’s acting Chief Executive Officer, announced that the Business Development Services (BDS) centers have been redesigned and urged the traders to utilize them to strengthen their activities. On the changes in the BDS infrastructure as an outreach of the PSF, Rwigamba said that it is meant to make its services demand-driven. “We (PSF) have hired consultants to help in project planning, consultancy and address problem of accountability for members of the business community. There will be various training sessions for traders and a trend of establishing mini-investment groups all over, as way of developing the private sector,” she stated. Rwigamba revealed that in a bid to support skills development countrywide, at least 100 business persons will be supported to do business through a new project -Technical Vocational Education Training (TVET) through the Dutch government. She also said that ethical committees will be set up in every district to ensure that business people adhere to set business rules. The business community was urged to partner with district authorities in the framework of Private Public Partnerships. Ends