Mathias Katamba, CEO dfcu Bank making remarks at the launch of the 5th Rising Woman edition yesterday at Sheraton Hotel. dfcu Bank, in partnership with the Uganda Investment Authority (UIA) and Monitor Publications Limited (MPL) has launched the fifth edition of the ‘Rising Woman’ program.
‘Rising Woman’ is an initiative that aims to recognize, celebrate, and promote a culture of mentorship among women in the business space in Uganda.
Under the theme, ‘Taking your business ahead’, the initiative focuses on providing female entrepreneurs with the knowledge, skills, and abilities to improve how they operate their businesses and enable them to create profitable operations.
Rising Woman is under dfcu’s Women in Business Program which aims to create a business enabling environment for women entrepreneurs, with a special focus on Small and Medium Enterprises (SMEs).
Speaking at the launch, Hon Judith Nabakoba, the Minister of Lands, Housing and Urban Development who officiated at the function, applauded the sponsors of the initiative, noting that women require multi-faceted support to become successful entrepreneurs.
“I want to commend the organisers for having come up with a unique program for women to not only empower women in leadership but also business. It’s a more sustainable mode of business because it creates an increasing base of clients who can afford and there is a trickledown effect,” she said
The initiative recognises the most critical sector of Uganda which is the SMEs.
“Women in SMEs are the engine for unlocking growth and livelihood at grassroot. Thank you for redefining how SMEs are by women in Uganda,” Nabakoba said. Katamba launching the 5th edition of Rising Woman. The fifth season, unlike previous editions which considered only one overall winner, will have three different winners based on three main categories of: Agribusiness Value addition, Manufacturing & Consumer services, Digital Innovation & E-commerce.
To stand a chance to win the overall Shs10M cash prize in each category, women entrepreneurs will be required to write a business proposal on any of the three categories.
The top ten (10) winners will qualify for a one-week all-expense-paid exchange program in 2023 to an exciting destination which will be announced later.
Speaking at the launch, Mathias Katamba, CEO of dfcu Bank said that majority of female enterprises are in the informal sector with no formalization, therefore, limiting their sustainability and growth locally, regionally and globally.“They also face other multiple challenges such as from access to finance, markets, business exposure and business skills. What we […]