Boundless Minds has confirmed that SGS, the world’s leading inspection, verification, testing and Certification Company, has committed UGX 20,000,000 towards the school-to-work transition mentorship and training programs
This funding partnership is a major show of faith and commitment to entrepreneurs, in Uganda, who continue to create employment opportunities for millions of young people in and out of school.
According to statistics, Uganda has one of the highest youth unemployment rates in Sub-Saharan Africa (around 18 percent for youth aged 15-24, and 16 percent for youth aged 18-30) and youth are disproportionately affected by high un- and under-employment, making up over 80 percent of the total unemployed in Uganda.
However, in 2015, the Global Entrepreneurship Monitor (GEM) report ranked Uganda as the most entrepreneurial country in the world, even as experts noted that as many start-ups collapse as those that are started.
SGS, recognized as the global benchmark for quality and integrity, currently operates three business lines in Uganda:
First, the Pre-Export Verification of Conformity to standards (PVoC) on imports to Uganda – SGS is contracted by UNBS to issue Certificates of Conformity to importers for their products, certifying compliance with the Local or approved International standards
Secondly is the Electronic Cargo Tracking System (ECTS), a highly sophisticated solution to track containers, fuel tankers and vehicles under the Electronic Cargo