Uganda Women Entrepreneurs Association Limited (UWEAL) is partnering with DFCU and other entities to empower women with financial literacy skills as it commemorates the Month of the Woman Entrepreneur (MOWE)
November is celebrated as the MOWE in different African countries like Kenya, Tanzania, Zambia, Egypt, Malawi, South Africa, Ethiopia and others. The month is dedicated to promotion of women entrepreneurs and recognising their contribution to national development.
In Uganda, MOWE was introduced in 2006 by International Labour Organisation to highlight the involvement of women in business with the main of changing public opinions; gender based assumptions about the contribution of the women to national development.
This year’s celebrations, guided by the theme ‘Tapping the Potential of Women SME’s through Innovation’ will see a number of organisations including banks like DFCU, FICA Uganda, FACT, Uganda Revenue Authority, UNBS, UN Women and NITA Uganda carry out a series of training of small scale entrepreneurs in different topics.
Dfcu Bank particularly will conduct training on Agency Banking on the 14th of November in Kampala for all women entrepreneurs under its program ‘Raising Woman”, a sub program of the Women in Business Program.
According to Gladys Nalukenge, the Business Development Executive, Women in Business at Dfcu, the Bank has over the years been partnering with UWEAL to offer low interest financial loans to women entrepreneurs as well as offering financial training
“For this particular month to celebrate our women, we are offering training in Agency Banking so that these women can access banking services from third convenient places” Nalukenge said.
According to the chairperson Board of Directors UWEAL, Angela Bageine, women entrepreneurs in Uganda and across Africa are still faced with challenges like lack of trade and market information, lack of competitive edge, high costs of doing businesses, poor business management skills, poor knowledge of import and export requirements, inappropriate policies and legal regulatory environment as well as non-tariff trade barriers.
“By partnering with these different organisations, we are hoping that all these barriers can be removed so that we create a conducive trading environment for our women” Bageine said
She added “Empowering women economically involves putting capital I’m their hands and allowing them to earn an independent income and in this way contribute financially to third households, communities and the nation at Large” she said
Some of the activities to take place this month include Sensitization on tax clearance by URA on 5th at UWEAL offices, UNBS training on Good manufacturing and good hygiene practice and Registration and certification program on 7th, UN Women, PPDA sensitization on fundable proposals on 12th among others.