Uganda Revenue Authority and the ministry of Gender, Labour and Social Development, will, tomorrow, hold a financial literacy seminar for young people as part of the government’s ‘Skilling Uganda’ initiative.
The conference, held in collaboration with Centenary and Stanbic banks, takes place at the Uganda Manufacturers Association Multi-Purpose Hall, Lugogo from 9:00am – 03:00pm.
Participation in the conference themed: “Skilling Uganda’s Youths with Financial Discipline and a Mindset for Business Success,” is free. Over 1,500 youths aged 18-30 years are expected to attend.
“The conference will focus on providing a platform for fostering financial discipline and business skilling as well as provide an opportunity to the youth attending to share and learn from youth entrepreneurs who have successfully made it,” a statement from URA said.
Young people in formal and informal employment, those at higher institutions of learning, the unemployed and recent graduates, self-employed, innovators, youth groups and cooperatives are expected.
Vincent Seruma, the URA spokesperson, said they are seeking to empower youth to do business in a professional way.
Some of the topics for discussion include: how to identify, develop and sustain a viable enterprise, manage loans and finances, etc.
Successful youth in various fields will also share their testimonies.
Among them are Maxima Nsimenta (CEO of Livara Natural and Organic), Fatuma Namutosi (Executive Managing Director - Byeffe Foods Company Ltd), Robert Kasibante (MD, Victory School of Beauty), Simon Sekankya (MD Hardware World), Dr Joseph Kizito -- product development and innovation at World Pig and Anita Beryl Ahikiriza (Managing Director, Beryl Quoture).
Panelists include; Innocent Tegusulwa, host of Bukedde’s TV business segment of Toli Mwavu, Ethan Mussolini CEO Success Africa and Stella Kisuze.
Panel discussants include: Ruth Matovu Biyinzika (Skilling Uganda, PSFU), James Abola (Team leader, Akamai Global) – Financial Management, Michael Niyitegeka (ICDL Africa Country Manager, Uganda) – IT, Alice Karugaba - Director Nina Interiors (Business finance), Dr Sarah Nkonge Muwonge (family business).
Seruma said Uganda has the second most youthful population in the world at a median age of 15.7 years. There are 12,018,283 Ugandan youth between the ages 15-35, a segment which forms the most productive portion of the population.
But their productivity is limited by lack of business knowledge. The URA Financial Literacy Conference will attempt to equip young people with the right skills for proper management of their finances, which owners of most start-ups do not have.