Business

Dfcu Bank Awards 10 Women Operated Businesses

Dfcu Bank in partnership with Uganda Investment Authority (UIA) and the Daily Monitor have awarded 10 women operated small and medium size enterprises (SMEs) under the “Rising women in business initiative” which was initiated by the bank to create an enabling environment for small and medium size enterprises owned by women to thrive.

The awards were presented to the women operating the businesses at a 2-day expo at Hotel Africana where women got an opportunity to showcase their products and businesses to the general public.

The minister of trade, industry and cooperatives Hon Amelia Kyambadde who was the chief guest called on the winners to be an example to others and urged them to mentor fellow women in business.

Kyambadde also emphasized formation of groups.

Amelia Kyambadde speaking at the event.

“I call upon you to work in groupings. It is easier to work in groupings and cooperatives,” she said.

The dfcu executive officer Mathias Katamba said at the event that women today support their families and make enormous contributions to the economies.

He added that the program has over 250,000 registered women and over 40000 have benefited from capacity building sessions.

For many women who fear to borrow money to invest in their businesses, Katamba told them, “Borrowing is a good thing if you do it with right partners and put it in good use, that is why we have women in business program in dfcu because in addition to you getting financial support, we also provide advice through women in business advisory centre”

dfcu Bank CEO Mathias Katamba speaking at the event
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He added that dfcu Bank and its partners have managed to create space where women are recognised and celebrated.

For the last four months, over 2000 women from various regions of Uganda have been trained in proposal writing, financial literacy lessons among others

THE FULL LIST OF WINNERS

  1. Western Silk road; it defeated the rest, and won 15 million shillings plus a fully paid for trip to Nairobi for an exchange program.

It’s a family business owned enterprise and has been in operation since 2015. The business deals in honey and having started off with 10 hives, has now grown to up to 100 hives. The company also runs a processing facility in Mukono district and two outlets in Bukoto and Jinja.

  1. My Passion Farm: it came second and won 10 million shillings plus a fully paid for trip to Nairobi for an exchange program.
  2. Haziel Agencies came third and won 5 million shillings plus a fully paid for trip to Nairobi.

It is an agency that deals in bee farming and a number of economic activities like fruit farming, organic plants, hardwood, tree seedlings and softwood. The agency is located in two districts of northern Uganda that is Nwoya and Amuru.

 

  1. Val media consultancy came fourth and won a fully paid for trip to Nairobi for an exchange program.

It’s a creative and visual productions consultancy located in Kampala. The company started as a small business with the founder and few people but has now grown by employing 70% female employees and 30% male employees.

  1. Finem Uganda limited came number five and won a fully paid for trip to Nairobi for an exchange program.

It is a microfinance business organization which was founded in 2009. The company is located in Kampala. It started as a small home garage business with four full-time loan officers, one administrator and a CEO. Since its establishment, the company has grown serving a total of 1930 clients with 860 active borrowers.

Others include, Awa foods Uganda limited which came number six, Sceck consultants which came seventh, Living love ministries Africa, a bakery ran by teenage mothers and school dropouts located in Namisindwa district which came number eight, Wenger investments Uganda limited which deals in agriculture concentrating on mixed farming located in Kasala village in Mukono district came number nine and finally A.W Bamboo enterprises limited that deals in cottage industry began in 2008, located in Mbale district came number ten.

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