The Uganda Tourism Board (UTB) has signed a Memorandum of Understanding (MoU) with Stanbic Bank to provide financial literacy support to Start-ups and SMEs in the tourism sector.
The agreement will be facilitated through the bank’s Business Incubator subsidiary and is to ensure the development and sustainability of these tourism businesses.
Commenting on the deal in a Facebook post Chief Executive Officer of UTB, Lilly Ajarova said, “this partnership brings a unique platform for both entities to jointly develop and implement a series of financial literacy programmes with an aim of producing competent, financially skilled entrepreneurs in the tourism sector.
She added that as UTB one of their major goals is to continuously develop and grow the tourism industry in Uganda and to achieve this, the private sector plays an important role.
“This is just one out of many partnerships we shall continue to pursue as we try make sure that we collectively re-start and drive tourism forward,” Ajarova said.