SMEs trained to tap into oil and gas opportunities

Kampala, Uganda | THE INDEPENDENT | A total of 130 small and medium enterprise owners have been recently placed in a better position to win contracts along the proposed East African Crude Oil Pipeline (EACOP) after the completion of a capacity-building training program delivered by the Stanbic Business Incubator Limited (SBIL).

SBIL’s Chief Executive Tony Otoa said, “This is one way of ensuring Uganda’s economic growth is realised and the key to this, is supporting local enterprises by building their capacity to ensure they compete for contracts to supply Uganda’s oil and gas sector.”

Totaling 130, the SME owners were trained in practical business development, linkages to financial services through Stanbic Bank and business formalization by representatives from the NSSF, URA and the URSB.