PSFU, Mastercard Foundation partner to support Ugandan enterprises harmed by Covid-19

The Private Sector Foundation Uganda (PSFU) and Mastercard Foundation have partnered to support local businesses to recover from the operational damage caused by the Covid-19 pandemic and also promote those that can offer solutions in dealing with the respiratory illness.

Through the initiative dubbed Covid-19 Economic Recovery and Resilience Response Program, the two foundations will support Micro, Small and Medium Enterprises also known MSMEs involved in agriculture, manufacturing, trade and allied services, tourism, ICT, construction, health and education.

The Program aims to increase capacity for prevention and testing of Covid-19 in Uganda, support the recovery of enterprises from the negative economic effects of the pandemic and support the government to develop and implement a post-Covid-19 recovery and growth strategy.

The support will come in different forms, for instance, marketing, supply chain and sourcing, product development, skilling, innovation and management support among others.

For an MSME to qualify, it has to be: a direct or indirect member of PSFU, dully registered and operating under the laws of Uganda, operational for a minimum of 2 years from the time of registration, privately owned and not partially owned or controlled by government, operating in one of the selected sectors and able to demonstrate how Covid-19 has impacted it.

During the application process, the MSMEs will present proof of business registration, details of physical business address/location and evidence of negative impacts of Covid-19.

MSMEs have been given up to October 30 at 11:59pm to apply and submit their applications here.

The COVID-19 Economic Recovery and Resilience Response Program was launched in June with a commitment of US$8.3m (equivalent to Ush 31bn) from the Mastercard Foundation COVID-19 Recovery and Resilience Program.