PSF survey cites skills gap

A recent needs assessment on women and young entrepreneurs that was conducted in several districts by the Private Sector Federation (PSF) has identified major entrepreneurship capacity gaps.

A recent needs assessment on women and young entrepreneurs that was conducted in several districts by the Private Sector Federation (PSF) has identified major entrepreneurship capacity gaps.

The shortcoming was singled out as a major setback to business development.

Among the businesses assessed on human resource capacity, the youth entrepreneur category had 24 percent of their staff being university graduates; while the women entrepreneur category employed only 12 percent. 

The assessment was carried out on businesses in the districts of; Kayonza, Rwamagana, Huye, Musanze and Karongi.

The survey also identified shortcomings in bookkeeping within this group of entrepreneurs.

Molly Rwigamba, the head of capacity building at PSF said the assessment was aimed at pointing out capacity gaps and come out with possible remedies.

“We wanted to find out about the capacity gaps before administering a dose this problem,” she said. 

The assessment focused on; human resource, business innovation, marketing, financial management and use of Information Communication Technology within the identified enterprises.

It also found out that the biggest percentage of businesses were ignorant of the commercial law and intellectual property rights.

Most of the businesses assessed were in the categories of crafts, arts and artisans, commerce and services.

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