The 2019 Dfcu Bank Rising Woman Initiative came to an end over the weekend. The overall winner Western Silk Road Limited bagged Ugx.15,000,000 million.
My Passion Farm, the first runner up was awarded Ugx. 10,000,000 million and second runner up Haziel Agencies received Ugx 5,000,000 million.
One delegate from each of the top 10 selected businesses that entered the competition will be sponsored to attend a study tour in Nairobi in January 2020.
They will also receive free business advisory services for a period of one year courtesy of the dfcu Women in Business Program.
The Guest of Honor, Minister of Trade Amelia Kyambadde said: “As a country, we are in a global race, there is need to stay competitive that’s why its important to back women.”
The objectives of the initiative include recognizing, celebrating and promoting a culture of mentorship among women entrepreneurs in Uganda.
Since its inception in 2018, more than 1,600 women have benefited from the financial literacy sessions that brought together aspiring entrepreneurs, growing business owners and business experts for two-day regional training sessions to talk impact, network, mentor and get down to business.
There are more women, in Uganda and around the world, today starting and growing thriving businesses.
Speaking during the Awards gala dinner at Hotel Africana, Mathias Katamba dfcu Bank’s CEO noted that economically empowering women is good for the community and the country. “When women earn money either in business, in agriculture or as employs are able to support their families and ultimatlety enable communities to thrive. None the less, women who own and manage businesses have a unique set of challenges, including inadequate social networks, limited access to funding & capital, financial literacy.” Mr. Katamba said.
“So since 2007 we have been working with women clients across the spectrum to help them grow their businesses by providing greater access to capital, leading advisory services, and networking opportunities. We have tailor-made solutions for businesswomen to enable them make more possible for themselves, their families and communities,” he added.