Netherlands Trust Fund injects Shs 6.1 billion into Ugandan IT SMEs

Nile Post News

Nile Post News

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AMBROSE GAHENE

The government in collaboration with its development partners, the Dutch Centre for the Promotion of Imports from developing countries (CBI) yesterday launched the Netherlands Trust Fund IV (NTFIV) with $1.7 million to boost competitiveness of producers and exporters within the IT and IT Enabled Services (ITES) sector in Uganda.

Representing Frank Tumwebaze, the minister of Information, Communications Technology & National Guidance, NITA-U’s executive director James Saaka said: “The Government of Uganda  is committed to providing support to the industry in various forms in order to realize the benefits envisaged from a fully developed IT & ITES sector.”

Amelia Kyambadde, Uganda’s minister of Trade Industry and Cooperatives, said: “I welcome this initiative by ITC to support us on the strengthening of Uganda’s tech industry. We know Ugandan companies have the skills to compete in international markets and NTF IV project will help some climb that last barrier and expand beyond our borders”.

She added that over 100 small and medium enterprises (SMES) and start-ups have been selected as beneficiaries of the Netherlands Trust Fund Project (NTFIV).

International Trade Center Executive Director Arancha González said: “Competitiveness is not an option. It is a necessity if countries are to seize the opportunities presented by trade and new technologies. With the NTF IV project we will open up a new chapter in ITC’s support to the development of exports of “Made in Uganda” IT and IT-enabled services”.

The lead implementers of the project are: the National Information Technology Authority of Uganda (NITA-Uganda), Centre for Promotion of Imports from Developing Countries (CBI), the International Trade center (ITC), the
Alliance for Trade in IT and Services (ATIS), the Information and Communication Technology Association of Uganda (ICTAU) and the Uganda Export Promotions Board.

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