{"id":7939,"date":"2020-01-28T09:32:47","date_gmt":"2020-01-28T09:32:47","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=7939"},"modified":"2020-01-28T13:37:21","modified_gmt":"2020-01-28T13:37:21","slug":"uganda-oil-gas-smes-to-benefit-from-100-million-funding","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-oil-gas-smes-to-benefit-from-100-million-funding\/","title":{"rendered":"Uganda Oil & Gas SMEs to Benefit from $100 Million Funding"},"content":{"rendered":"

The Skills Development Facility (SDF), which is part of the US$100 million Uganda Skills Development Project (USDP), provides for an opportunity for Small and Medium Enterprises (SMEs) interested and\/or engaged in the Oil & Gas business to skill the workforce and enhance their competitiveness.<\/p>\n

SDF is a Government of Uganda Project funded by the World Bank and implemented by the Private Sector Foundation Uganda (PSFU).<\/p>\n

The facility aims at promoting employer-led short-term training in order to address prevailing skills imbalances and shortages in Uganda.<\/p>\n

The Oil & Gas Industrial Baseline Survey (IBS) has identified the skills demand and supply in Oil & Gas related sectors that need to be enhanced for the competitiveness of local companies.<\/p>\n

The Workforce Skills Development Strategy & Plan for the Oil & Gas sector in Uganda forecasts that there will be a very rapid demand for labour at Basic Skills & Entry, Trades & Crafts and Technician Levels, particularly in construction, logistics & transport and catering and camp management services.<\/p>\n

The funding<\/strong><\/p>\n

PSFU is inviting eligible enterprises to apply for the SDF Window 1 (Skills shortages in the formal sector).<\/p>\n

The Facility is focusing on six priority areas, including Agriculture, Construction, Manufacturing \/auto mechanics. Transport & Logistics, Information & Communication Technology (ICT) and Tourism& Hospitality.<\/p>\n

Funding Windows<\/strong><\/p>\n

PSFU invites applications for the SDF grants\u00a0https:\/\/www.sdfuganda.org\/sites\/default\/files\/PSFU%20SDF%20100120%20-HP.pdf.<\/a><\/p>\n

Activities in Window 1 includes practical & technical training programs, apprenticeship & internship, voucher scheme for industries with mobility of workers for those intending to participate in it.<\/p>\n

In terms of grant contribution from PFSU, the ceiling is $250,000 covering a range of up to 80% for (Medium companies), up to 50% for the (Large companies) up to 90% for (Voucher Scheme) and up to 100% (Internship).<\/p>\n

An important element of the initiative is to facilitate collaboration between training providers and industry to promote demand-driven skills development with special attention to innovative modes of training.<\/p>\n

Paying back?<\/strong><\/p>\n

SDF is a grant and not a loan. Support provided under SDF is not required to be paid back. beneficiary companies will have to contribute a percentage of 20%-50% depending on their scale of operation.<\/p>\n

How to apply<\/strong><\/p>\n

Visit the Private Sector Foundation Uganda (PSFU) website:\u00a0www.psfuganda.org.\/opportunities or www.sdfuganda.org\/ funding windows\/window1<\/a><\/p>\n

Click; apply now, carefully study the requirements, fill the application and submit.<\/p>\n

Timeframe<\/strong><\/p>\n

The deadline for submission of applications will be\u00a0Wednesday, 14th February 2020<\/strong>\u00a0at 12 O\u2019clock<\/strong>. Late submission will not be accepted.<\/p>\n

About SDF<\/strong><\/p>\n

The facility is a 5-year project implemented through a Grant Facility mechanism that will be co-financed by the private sector through a matching grant contribution, and support training activities that lead to improved productivity and competitiveness in the formal and informal sectors.<\/p>\n

This requires strategic partnerships between firms, service providers and industry associations.<\/p>\n

The focus will be on short-term, practical and technical training of employees (including business skills for the informal sector) ranging from few days to not more than six months<\/p>\n

Download the 2020 Uganda Upstream Outlook HERE<\/a><\/p>\n

MPESA: +254724684368 send message to sales@oilnewskenya.com<\/p>\n","protected":false},"excerpt":{"rendered":"

The Skills Development Facility (SDF), which is part of the US$100 million Uganda Skills Development Project (USDP), provides for an opportunity for Small and Medium Enterprises (SMEs) interested and\/or engaged … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":5787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[94,7309,7308,3155,5721,7311,5501,1835,3525,7306,3956,7310,2603,7307,2745],"class_list":["post-7939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-agriculture","tag-auto-mechanics","tag-competitiveness","tag-construction","tag-hospitality","tag-information-communication-technology-ict","tag-manufacturing","tag-oil-and-gas","tag-skills","tag-skills-development-facility","tag-tourism","tag-transport-logistics","tag-uganda","tag-uganda-skills-development-project","tag-world-bank","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Uganda-rig.jpg?fit=699%2C466&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-243","jetpack-related-posts":[{"id":9209,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-cooperative-alliance-signs-mou-with-stanbic-bank-incubator\/","url_meta":{"origin":7939,"position":0},"title":"Uganda Cooperative Alliance Signs MOU with Stanbic Bank Incubator","author":"","date":"September 27, 2020","format":false,"excerpt":"The Stanbic Business Incubator Centre and Uganda Cooperative Alliance (UCA) have signed a memorandum of understanding to help streamline the businesses operations of member societies across the country. 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