Ugandans like to start businesses because:
Uganda was rated as the most entrepreneurial country in the world in 214. This is due to Uganda's booming entrepreneurial spirit. In recent years, 28% of Uganda's workforce has started their own businesses.
an entrepreneur is anyone who owns or * * * owns a small business. Entrepreneurship is to determine the needs you can meet and venture into the market. The newly established small enterprises, young and resilient, show that local African entrepreneurs have seized a large and small opportunity and desperately tried to squeeze into a specific niche market. African entrepreneurship is a signal that well-educated local elites launch some form of business revolution, and use local capabilities to promote their own and their countries' upward development in an undisturbed and open competitive environment. This is the current situation in Uganda, a country rich in human resources with the highest proportion of people under the age of 3 and rapidly developing communication technology resources.
For Ugandans, the existence of a solid communication network, together with Makelele University, one of the best universities in Africa, provides some powerful tools for diversified and innovative business enterprises. Many non-governmental organizations and government projects have followed the pulse of entrepreneurship in this country, providing incentives, allowances and rewards to promote industry creation or revolutionary innovation. Uganda's youth venture capital fund provides another way for people seeking funds to develop their business, providing loans of up to 25 million Ugandan shillings (about 5, pounds). Educate's skills education helps middle school students to set up and run their own businesses, and also trains them to master financial knowledge, savings and business planning.