This article was added by the user . TheWorldNews is not responsible for the content of the platform.

URSB targets 870,500 new business registrations by 2026/27 

L-R: Butagira, Mao, and Kainobwisho officially unveil the mass business registration exercise in Kampala

Kampala, Uganda | THE INDEPENDENT |  Uganda Registration Services Bureau, the national business registry, has this morning launched its mass business registration campaign aimed at promoting formalization among entrepreneurs and small business owners.

In a news release dated Sept.26, the bureau said this initiative seeks to simplify the registration process, raise awareness about the benefits of formalization, and drive economic growth.

Dubbed “kiri easy, formalize today”, the campaign targets registering an additional 873,546 businesses by 2026/27.

By registering their firms, and complying with legal and regulatory frameworks, businesses gain legal protection, access to financial services, and opportunities for growth, experts say.

URSB’s mass business registration campaign aims to empower entrepreneurs and small business owners to transition from the informal to the formal sector.

Leveraging technology and a user-friendly platform, the kiri easy campaign provides comprehensive support and guidance, ensuring a seamless and efficient experience for entrepreneurs.

The Minister of Justice and Constitutional Affairs, Norbert Mao who was the keynote speaker said that by fulfilling its role in formalizing Uganda’s economy, URSB contributes to several key outcomes.

This initiative, which we are launching today, represents high expectations in our ongoing efforts to bolster economic growth, stimulate entrepreneurship, and enhance the ease of doing business in Uganda”

The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, said, “This mass business registration initiative represents a positive step forward in our quest to make Uganda a hub of innovation, entrepreneurship, and economic prosperity.

Ambassador Francis K. Butagira, the Board Chairman said URSB continues to create awareness about the benefits of business registration to enhance the country’s competitiveness and drive private sector growth.

Mercy K. Kainobwisho, the Registrar General said, “Formalization is a critical step towards building a thriving business ecosystem.”