At the KPMG offices Wednesday, the Top 100 mid sized companies Survey report was released.
The Survey was conducted from July to September with a total of 242 participants.
The report indicators promised growth of SMEs this year compared to the previous years.
The report also highlighted business challenges that are facing SMEs such as high taxes, high cost of production, competition from sub-standard goods, unstable economy, high foreign exchange rates, limited access to credit, among other things.
Among other partners, Vodafone Uganda was represented by Progress Chisenga, Head of Marketing.
She noted that “Without a doubt, SMEs are the engine of growth in the economy whose participation to the fast growing era of technology is indispensible. Our expectation as Vodafone is to close the digital gap as much as possible. We look forward to review the survey report because we believe that the recommendations thereof will guide our direction on how to provide the best internet solutions for SMEs.’’
In its 9th year now, the Top mid-sized companies survey is an initiative by Monitor Publications Limited and KPMG aimed to identify Uganda’s fastest growing Medium Sized companies in order to show case business excellence and highlight some of the country’s most successful entrepreneurship stories. SMEs are celebrated contributors to wealth and job creation in Uganda.
The survey is sponsored by DFCU Bank,ICEA Group,Vodafone,South African Airways and Uganda Investment Authority.
The dynamism of technology is an indicator that businesses need to evolve to working smart and faster for them to achieve high efficiency, productivity, competitiveness and profitability.
Progress also appreciated other partners.
The detailed survey results will be released at a Conference on 9 November at Sheraton Hotel, Kampala.