Orient Bank has launched a business academy to provide Micro and Small Enterprises with business management training and financial support to enable them grow and contribute to Uganda’s job creation and economic development. Speaking at the launch of the academy, Orient Bank MD, Julius Kakeeto noted that although Uganda has the highest levels of entrepreneurship in the world, it also has one of the highest business failure rates with most business start-ups dying within 5 years. The Chief Guest at the launch was the Deputy Governor, Bank of Uganda, Dr. Louis Kasekende who commended Orient Bank for the initiative saying that SMEs are an engine of economic growth and must be supported by both government and the private sector. The academy that is being run in partnership with the Makerere University Business School (MUBS) – Entrepreneurship Centre will train 20 to 30 Micro and Small Businesses and provide business growth funding of up to 30 million shillings. Dr. Moses Muhwezi, the Deputy Principal, MUBS was also at the launch and he welcomed the partnership with Orient Bank.
Applications to the Orient Business Academy run from 5th to 23rd September at any Orient Bank branch in Kampala and Wakiso.