Private Sector Foundation Uganda (PSFU) has boasted of changing the face of the private sector in the eyes of both government and foreign investors in the 25 years since its formation in 1995.
Addressing the media at PSFU headquarters in Nakasero the Executive Director Gideon Badagawa accompanied by the PSFU board member Rajash Chaplot said that the body was established to represent the interests of the private sector in Uganda through advocacy as well as capacity building.
Badagawa said that PSFU has supported the private sector through grants mechanism up to over USD1 billion to enhance skills, capacity building, and business development among others.
Badagawa said that PSFU has reliably provided support to its membership and the general private sector through policy advocacy, business development services, lobbying and research to ensure improved and favorable tax and business policies.
He added that PSFU has grown to become the main platform for dialogue with both development partners and Government and has a very strong advocacy position with Government.
Membership of the Foundation has also increased from 11 in 1995 to over 242 today and the membership is comprised of business associations, corporate enterprises and public entities that support private sector growth.
He said that PSFU commits to building more partnerships with development partners and agencies) to contribute to competitive and sustainable private sector development.