Press Releases

Gov’t to support Elumelu entrepreneurs



The Ugandan cohort of Tony Elumelu Foundation entrepreneurs, who recently formed a Savings and Credit Cooperative (SACCOS) to enable them access funding to grow their business, met with the Prime minister, Dr Ruhakana Rugunda, to present their need for government support to promote job creators. The entrepreneurs, who were led by the United Bank for Africa (UBA) management team, discussed a possible partnership with the Government in a bid to promote youth empowerment through entrepreneurship.

The government, through the Office of the Prime Minister, pledged to offer support to the beneficiaries in Uganda through financial engagements to grow their start-up businesses. Rugunda expressed his gratitude to the Tony Elumelu Foundation and UBA for the support offered to the Ugandan entrepreneurs. “The Government is keen to support initiatives that aim at growing youth in entrepreneurship  in any way possible,” Rugunda said. Johnson Agoreyo, the UBA Uganda Chief Executive Officer and managing director, said the bank will continue to support the TEF fund beneficiaries through trainings focused on needs of entrepreneurs in Uganda.