FSME and ALTX Stock Exchange project to increase access to equity financing for small and medium businesses in Uganda
The ability of SMEs to grow depends on their ability to attract financing for innovation, expansion, equipment acquisition and research. This is a very big challenge faced by SMEs in Uganda, and indeed the world over. The objective of this project is to catalyse the supply of long-term equity financing for Small and Medium Businesses reducing their reliance on debt and lowering their leverage. At the same time entrepreneurs with excess liquidity have the possibility of investing through the exchange in government securities. In addition to a guaranteed annual return of between 12-24%, they are entitled to disability insurance and work-man’s compensation, among other benefits.