Uganda Manufacturers Association Holds Inaugural Financial Symposium and Exhibition
Kampala, Uganda – May 8th, 2024 – The Uganda Manufacturers Association (UMA) successfully convened its inaugural Financial Symposium and Exhibition on May 8th, 2024, at the UMA Show Grounds in Lugogo, Kampala. Themed “Financing Solutions for the Manufacturing Sector,” the event brought together key stakeholders within Uganda’s financial and manufacturing landscapes to explore and address critical financial challenges faced by domestic manufacturers.
Industry Leaders Gather for a Day of Insight and Collaboration
The symposium attracted prominent figures from Uganda’s financial sector, including representatives from major banks, insurance companies, and investment firms. A significant contingent of Ugandan manufacturers from various industries was also present, underscoring the event’s relevance to the country’s economic growth.
Panelists pose for a group photo during the Financial Symposium and Exhibition at Uma show grounds
Minister Bahati Delivers Keynote Address
The Honorable David Bahati, Minister of State for Trade, Industry, and Cooperatives (Industry), graced the occasion as the Guest of Honour. In his keynote address, Minister Bahati emphasized the government’s commitment to fostering a vibrant manufacturing sector in Uganda. He highlighted the critical role that accessible and affordable financing plays in enabling manufacturers to scale their operations, create jobs, and contribute to the country’s economic development.
DTB Bank CEO Delivers Compelling Presentation
Mr. Godfrey Sebaana, the CEO and Managing Director of DTB Bank Uganda, delivered a captivating keynote address during a panel discussion. His presentation focused on innovative financing solutions specifically tailored to meet the unique needs of Ugandan manufacturers. Mr. Sebaana’s insights resonated with the audience, sparking engaging discussions about how financial institutions can better serve the country’s manufacturing sector.
(Left) Honorable David Bahati, Minister of State for Trade, Industry and Cooperatives and Mr. Godfrey Sebaana, the CEO and Managing Director of DTB Bank Uganda
Panel Discussions Foster Dialogue on Critical Issues
The symposium featured a series of insightful panel discussions led by industry experts. These sessions delved into a range of pertinent topics, including:
Access to Credit: Panelists explored the challenges faced by Ugandan manufacturers in securing financing from traditional lenders. Discussions centered on alternative financing models and strategies for mitigating credit risk.
The Role of Government: Experts debated the most effective ways for the Ugandan government to incentivize financial institutions to provide greater support to the manufacturing sector.
Financial Literacy: The importance of financial literacy among Ugandan manufacturers was underscored. Panelists discussed initiatives that can empower manufacturers to make informed financial decisions.
Matching Risk Appetite with Investment Needs: The symposium addressed the need for financial products that cater to the varying risk appetites of manufacturers at different stages of growth.
The DTB-Uganda team at the Financial Symposium and Exhibition
Exhibition Showcase Fosters Direct Engagement
Complementing the insightful discussions, a dedicated exhibition space provided a platform for leading financial institutions to showcase their products and services directly to Ugandan manufacturers. This interactive format enabled manufacturers to engage with representatives from various financial institutions, explore financing options, and forge valuable connections.
A Catalyst for Growth in Uganda’s Manufacturing Sector
The inaugural Uganda Manufacturers Association Financial Symposium and Exhibition proved to be a resounding success. The event fostered a much-needed dialogue between Uganda’s financial institutions and manufacturers, paving the way for a more collaborative and supportive financial ecosystem. By bringing together key stakeholders and facilitating knowledge sharing, the symposium has positioned itself as a catalyst for growth within Uganda’s manufacturing sector.
UMA Spearheading Efforts for a Brighter Manufacturing Future
The Uganda Manufacturers Association deserves high praise for its initiative in organizing this groundbreaking event. The symposium serves as a testament to UMA’s unwavering commitment to advocating for the needs of Ugandan manufacturers and fostering a thriving manufacturing sector that propels Uganda’s economic development.
A Call to Action for Continued Collaboration
The inaugural Uganda Manufacturers Association Financial Symposium and Exhibition has laid a strong foundation for fostering a more robust financial ecosystem for Uganda’s manufacturing sector. The onus now lies on all stakeholders – financial institutions, manufacturers, and the government – to capitalize on the momentum generated by the event and translate its insights into tangible action. Through continued collaboration and innovation, Uganda can unlock the full potential of its manufacturing sector and achieve sustainable economic growth.
