Alternatives to increasing MSMEs’ cash inflow to address the challenge of access to financing
MSMEs are the engine of growth for the economic development of the country and are key drivers in fostering innovation, wealth creation and job creation in Uganda. They are a major source of technological innovation and new products and form approximately 80 percent of the country’s entire private sector. In spite of the crucial role, the competitiveness and sustainability of MSMEs have remained very limited. The state of play for majority of MSMEs has in many cases been linked to their limited access to investment finance owing to a number of difficulties.