QMS LAUNCH

The QMS launch, held at the Uganda Business Facilitation Centre, was led by the Registrar General, Ms. Mercy K. Kainobwisho, who reaffirmed URSB’s commitment to excellence and continuous improvement in service delivery.

previous arrowprevious arrow
next arrownext arrow
Shadow

Deputy Speaker of Parliament roots for strong business rescue mechanisms

The Deputy Speaker of Parliament, Rt. Hon. Thomas Tayebwa, last week applauded the Uganda Registration Services Bureau (URSB) for its ongoing efforts to strengthen Uganda’s insolvency framework, a key driver in fostering investor confidence and supporting business recovery.

Speaking at the 8th Annual Insolvency Conference held last week at the Sheraton Kampala Hotel, Hon. Tayebwa emphasised the critical role of a resilient insolvency regime in creating a stable and appealing investment climate.

The conference, held under the theme “A Resilient Insolvency Regime: Balancing Financial Stability, Recovery, and Investment Strategies,” brought together key stakeholders from the government, the private sector, the legal fraternity, academia, and the business community to discuss strategies for supporting distressed businesses.

“When our business community engages with international investors, one of the first things they examine is the legal framework, including insolvency laws,” Hon. Tayebwa noted.

“Investors seek assurance that if things go wrong, there is a robust system in place to support recovery and protect their interests, and URSB has done commendable work in this regard,” he said.

He called for increased awareness, especially among Small and Medium Enterprises (SMEs), to demystify
insolvency and highlight its potential as a tool for business renewal rather than failure.

“Insolvency should not be seen as the end of the road, but rather as an opportunity for businesses to restructure, recover, and emerge stronger,” he added.

He further pledged Parliament’s support for any necessary legislative reforms aimed at enhancing Uganda’s insolvency framework.