SMEs Urged on Partnership to Reap from Oil Industry
Small scale and medium enterprises with an intention of reaping big from the oil sector have been advised to form joint venture partnerships and build networks.
Speaking at the ongoing Stanbic enterprise conference, the Total Uganda Local content Manager Tony Otoa says this is important because the oil sector is capital intensive and thus would be difficult for a sole proprietor to invest in.
Otoa is also advising the SMEs to clearly seek information before they can consider joining the sector since it will help them identify their potential clients, their needs and problems.
He has also challenged them to clearly communicate their products and services if they are to easily get oil contracts.
Uganda is expected to receive its first oil and also enter into the international oil market by 2020.