Whats could be failing the private sector? Private sector’s insufficient capacity to absorb new technologies and innovate, shortage of skilled workers among others issues, have been recognized as key bottlenecks hampering this desired productivity and economic growth.The system is said to be deficient in institutional capacity, university-industry collaboration, and connection to global innovation networks.
The ugandan government however , using a worldbank loan has made efforts to remedy this challange central to the long-term
success of Uganda’s development strategy. Through the Millennium Science Initiative (MSI) of 2007,the government set out to attain objectives of;Creating and strengthening graduate
education in S&T disciplines to provide a cadre of future professors,
researchers, and engineers, increasing
connections and linkages between research and training and the needs of the
private sector, reducing “brain drain” by improving the ability of the national
science and technology system to support high-quality research and training,
removing the systemic obstacles (institutional, financial, and sociological)
that reduce the attractiveness for students of S&T training andcareers among others; but the impact of these efforts towards these objectives still remain insignificant 10 years later.
Ugandas economic structure needs.
For the first 2 decades of the NRM regime(1986-2010),Uganda was on an economic recovery after the decades of political economic tamoil.Its now that uganda is holding a gripp on its transformation agenda into a middle income society. Its now that we see the government focusing on private sector investment to address structural and institutional weaknesses.This is the reality that uganda needs to embrace and should be focusing on to drive its development agenda based on innovation.
We need to aknowledge that Uganda’s economy is largely agro based with major exports being coffee, tea, cotton, tobacco, fish, assorted fruits and essential oils.The government thus needs to invest in modern bioscience especially in disease diagnostics, vaccine development and crop productivity improvement to enhance sustainable and agriculture transformation.This innovation in agro- processing and value addition is what is essential for creating a new source of growth and agribusiness to further enhace structural transformation into agro industrialisation.
The ease and cost of starting business has been another stambling block for ugandans doing business.We have already tested the fruits of technology innovations and advacements in some key government agencies such as URSB`s online registration which has significantly reduced the time of business registration from about 30 days to 30 minutes , URA`s online revenue potal, & KCCA`s ecitie potal which has greatly improved the citie administration and revenue targets.These innovations have undoubtedly improved the business enviroment and could as well be perfected and spread to other areas of public administration
Uganda has the largest youngest population in the world with more than three quarters (78%) of the citizens are below age of 35. This youthful population is further estimated to double in the next 25 years. This therefore stresses the need for population systems to be designed to support healthy children so that the youth will grow well education and healthy. This hence calls for high levels of investment in innovation and creativity
Kasozi
Brian
Economic Hub Uganda P.O Box 1337, Kampala- Uganda | Tel +256779373114/+256703744999 |
Email:economichubuganda@gmail.com|;

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