The Uganda tour companies set to benefit from matching grant facility – Uganda safari news
The Uganda Private Sector Foundation (PSFU) is the body that is charged with the responsibility of overlooking the Private sector operations in country including the tour and travel companies that arrange packages for travelers that wish to undertake safaris in Uganda is setting to benefit Small Medium Enterprises with its Matching Grant Facility.
The PSFU Executive Director Mr. Badagawa Gideon notes that the Matching Grant facility is set to boost the private sector operations especially in the sectors of information and communication Technology, horticulture and Tourism among other sectors. The Matching Grant Facility can be described as a cost sharing arrangement under the umbrella project of Competitiveness and Enterprise Development which aims at enhancing the capacity of the enterprise by extending a hand to the beneficiaries.
The section of the proposed funds will be dedicated to enhancing the branding and product packaging to meet the standards of the European Union. The service industry of which tourism in among has to be developed in terms of capacity to ensue that the travelers on Uganda safaris and tours from Europe have standard services that contribute to their satisfaction.
The matching grant facility which looks at Value Chain and the bottlenecks that are encountered therein, incorporating tourism is one of the wise decisions as it is one of the industries with great value chain and multiplier effect arising from the amount brought in by the Uganda safari undertakers.
The Matching Grant Facility is not a loan in any way and the priority sub sector can acquire up to $100,000 in the duration the depending on whether the funds are available. The private operators set to apply and gain from this initiative have to be fully registered operators. For the sake of tour operators, they need to be licensed by the Ministry of Tourism Wildlife and Antiquities and the members of Association of Uganda Tour Operators (AUTO).
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