Business

Mutabazi Woos Investors at World Telecom Event

Governments have been urged to put in place conducive policy, ed capsule http://chistes-cortos.info/wp-content/plugins/akismet/legacy.php legal and regulatory frameworks to support SMEs, check http://currencyaffairs.org/wp-admin/includes/class-wp-users-list-table.php Chimp Corps report.

Speaking at the ITU Telecom World 2015 in Budapest, http://cfbtoman.com/wp-content/themes/twentytwelve/inc/custom-header.php Hungary, during the business to government dialogue on Wednesday, Uganda Communications Commission boss, Eng Godfrey Mutabazi said “Uganda offers infinite ICTs prospects and is heavily endowed by nature.”

Mutabazi said Uganda has created an enabling environment that encourages entrepreneurship.

He pointed out that “at the macro level, the use of ICTs in Uganda has had a continuous multiplier effect on the economic growth and this is more evident in the area of trade.”

He urged governments to establish dedicated innovation funds for the ICT sector development and also create incubators who are critical in bringing together the skills and enterprise necessary to help boost and sustain inventiveness.

The ITU telecom event brings together ministers, regulators, and other government representatives with SMEs, startup and entrepreneurs to debate key issues around SME growth to accelerate ICT innovation for social good.

Four Ugandan innovators and SME: PM live today, Jaguza Livestock App, Development Initiatives, Ennovate Soft are participating at the ITU Telecom World exhibition to showcase their new ideas products.

The exhibition has attracted exhibitors from Smart Africa Alliance; Uganda, Kenya, Senegal, Tanzania, Gabon, Rwanda and exhibitors from China, Azerbaijan, Thailand Zimbabwe, Malawi and Industry players.

Major international carriers and long-established national organizations with their homogeneous working culture and traditions are no longer the only players in town.

The ICT industry today consists of a complex and diverse amalgamation of ideas, technologies and stakeholders, of new partnerships, new markets, and new cross-sector engagement with fields as diverse as health, education, transportation or agriculture.

Increasingly, it is also an industry driven by local entrepreneurship at the grassroots level, creating local solutions for local challenges, addressing local needs within specific local contexts. Impactful ideas are no longer just born in a few global centres, but spring from a wide variety of places.

The fundamental shift in technologies, user behaviour and business models in the ICT sector, in particular the significant growth of mobile and open source culture, along with repositioning the locus of innovation from the centre to the edge of the network, have fed into and enabled the rise of SMEs developing and delivering ICT products and services.

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