In a bid to improve the skills of local entrepreneurs, the Kenya Commercial Bank (KCB) has held a business training workshop for members of the KCB Business Club.
The training held under the theme: ‘stretching your business success’ was aimed at helping local small and medium enterprises (SMEs) grow their businesses.
According to Laban Mawungwe, a marketing consultant, most of the SMEs do not have written down goals, which means that they cannot move their enterprises from one level to another.
The SMEs, he says, also do not share their business goals with employees.
“As an entrepreneur you must share the company’s goals with your team, make it repetitive so that every employee knows what they are working towards,” Mr. Mawungwe said.
Speaking during the training Godfrey Ssenteza, the KCB Bank Uganda Head of SME noted that the quarterly training workshops are a way of enabling KCB Business Club members get the requisite skills to run their businesses effectively.
“We are up-skilling our customers; every quarter we hold themed business training workshops with experts in various fields to enable our customers gain knowledge and skills to enable them resiliently stay in business and push on to the next level,” noted Ssenteza.
The SME sector employs the largest number of people in Uganda and according to Uganda Investment Authority (UIA), over 2.5 million people are employed in the sector, accounting for approximately 90% of the entire private sector and generating over 80% output.
