Uganda, Nov. 5 -- To safeguard against increasing business failure, Ugandans must take time to learn and understand the type of business they want to invest in instead of doing what they have no idea about.

Speaking during a financial wellness training that sought to equip Ugandans with skills and knowledge of financial progress and inclusion in Kampala on Wednesday, Prof Samuel Sejjaaka, the Monitor Publications and UAP chairman, said businesses in Uganda fail because some people just invest before doing any research on an enterprise.

"Before starting a business, people should work towards getting basic knowledge of businesses they want to do. Don't invest in something you don't understand," he said, noting that a number of Ugandans ar...