Uganda Network of Businesses (UNB) was founded and registered in 2006 to promote the starting, growth and sustainability of businesses as a sustainable source of employment and income, public health and safety in businesses, quality products to consumers and fair trade for decent living and transforming the lives of the citizens while leaving no one behind.
Ugandans have been rated as one of the most entrepreneurial people with ready willingness to start and run businesses despite the significant challenges (WBR 2018). With a sizeable but largely weak Private Sector, Uganda is still grappling with issues of registration and regulation. Small enterprises and individuals have to register their business from a highly centralized Uganda Registration Services Bureau whose services are offered at an exorbitant cost and therefore impairing access by individuals who wish to venture into businesses.
On the other hand, 80% of the businesses that had been established could not celebrate their first anniversary. The resultant premature exit of entrepreneurs from businesses meant transitioning from one business to other new businesses in search of anticipated sustainable and profitable ventures. Some of these new business ventures also failed leading to an accumulation of failed enterprises and hence more unemployment. This high rate of businesses failures also inspired the founders to search for alternative and innovative ways of sustaining businesses. Against this backdrop, Uganda Network of Businesses envisioned the need to support, promote, and sustain businesses as a primary solution to addressing the high rates of unemployment coupled with underemployment; unsustainable sources of income; and improved livelihoods that would translate into social economic growth and development.