dfcu bank has launched the 6th edition of Rising Woman, an initiative aimed at celebrating and empowering women entrepreneurs across Uganda with the knowledge and skills to succeed in their businesses.
Rising Woman thrives within dfcu’s Women in Business Program where Small and Medium Enterprises (SMEs) take the spotlight.
At its core, Rising Woman seeks to recognize, celebrate, and promote a culture of Mentorship among Women in Business by creating an environment that propels women-led businesses forward.
Speaking at the launch at Kampala Serena Hotel, Harriet Ntabaazi, Minister of State for Trade, emphasized that building a self-sustaining economy is achievable through the majority population, which is women.
She encouraged them to step out of their comfort zones and focus on business direction and product quality.
Ntabaazi, who was the Guest of Honour, noted that the government addresses limitations faced by women entrepreneurs such as access to land and credit, clarifying that empowering women can expedite the realization of Vision 2040.
dfcu Bank CEO, Charles Mudiwa, stated that the inception of the Women in Business initiative stemmed from the crucial need to provide support to women entrepreneurs.
Mudiwa emphasized the importance of building meaningful relationships rather than solely focusing on transactions.
He noted that when authentic relationships are established, transactions naturally ensue.
Tony Glencross, the CEO of Nation Media Group, highlighted that since its inception, Rising Woman has provided a way for women to overcome challenges and break barriers.
He said NMG would continue to offer mentorship, support and a platform to showcase women’s products.
Barbara Ofwono, the proprietor of Victorious Schools, who was the keynote speaker, expressed her gratitude towards dfcu for providing her with a platform to share her journey.
She stated that a well-defined vision and core values serve as the foundation of a successful business.
Barbara emphasized the importance of aligning one’s vision with their passion, allowing them to remain resilient in the face of disruptions.
She emphasized the significance of establishing functional systems to fortify the organization and ensure its ongoing success.
Anthea Ibembe, the winner of Season 5, revealed that previously without the knowledge gained from Rising Woman, she had unknowingly hindered her access to opportunities by not paying taxes, which in turn affected her eligibility for certifications needed to secure financing.
Birungi Hellen, Season 5 winner, attributed her product certification from UNBS to dfcu’s support.
The Rising Woman journey not only readied them for funding opportunities but also led to partnerships with Kenyan packaging companies.
Maria Nakanwagi, Season 5 winner, noted that her journey taught her the significance of branding and packaging.
With support from dfcu, she was able to collaborate with Uganda Research Institute to create skincare products from mushrooms.
Dr Kyarimpa Paul, Deputy Director General of Uganda Investment Authority (UIA) acknowledged the pivotal role that women play in nurturing and training.
He stressed the importance of providing women with platforms to showcase their competencies.
Sylvia Kaggwa from Uganda Airlines highlighted the broader impact of empowering women which leads to empowering the nation.
She mentioned the airline’s cargo section, which aims to facilitate product exports and expand the market for Ugandan goods.
Rosemary Mutyabule, the Women in Business Advisory Council representative from dfcu, highlighted the potential of women to drive change due to their significant numbers.
She expressed the program’s role in aiding women to grow their businesses.
Rosemary emphasized the inclusivity of Rising Woman as evidenced by past winners, making it accessible to everyone. She expressed the program’s role in aiding women to grow their businesses.
The launch featured a special touch with an original Rising Woman theme song performed by Sheem.
Sheem, professionally known as Namwanje Nasheem, is a Ugandan female vocalist who performs and records Afrobeats, Soul, Afropop, R&B, and Dance music.
This year’s initiative was held in partnership with Monitor Publications, Uganda Investment Authority and Uganda Airlines.
