By Our Reporter
KAMPALA, Uganda|SHIFTMEDIA| Capacity building and information dissemination in the oil sector has got a nod, thanks to Stanbic Bank.
The good news follows the signing of an MOU between the bank and Conexus Oil and Gas entity.
According to Tony Okao Otoa, the Stanbic Bank Business Incubator Chief Executive, the Memorandum of Understanding is geared towards sustaining businesses in the oil and gas sector.
According to Okao, the partnership brings a unique platform for start-ups and small and medium enterprises (SMEs) in the oil and gas sector to have access to financial and technical resources such as expert advisory, mentorship and administrative support.
He said that specially tailored training programs have been designed to increase entrepreneurial insight in the sector.
Okao who spoke to the press at their Kololo based offices said: “the incubator will equip these businesses with skills and knowledge on how to operate in Uganda’s changing economic landscape and mobilise the funds to facilitate their activities and initiatives for job and wealth creation in Uganda.”
“We are confident that at the end of the program, these businesses will be in a much better position to establish a successful and sustainable enterprise, create alliances and platforms to deliver their business objectives and adopt an innovative solution in their operational models,” said Otoa.
Daniel Kaggwa, the managing director of Conexus Oil and Gas expressed optimist and joy about the partnership with Stanbic Business Incubator.