Women entrepreneurs undergo business training under the Rising Woman Initiative
Over 400 women entrepreneurs have benefited from a business training in Kampala organised by dfcu bank in partnership with Daily Monitor and Uganda Investment Authority.
This marks the climax of a series of Business trainings that have been running across the country under the Rising Woman Initiative regional tours in Western – Ishaka, Eastern – Mbale, Northern – Gulu and Central Kampala mentoring women in business in fields such as business basics, business planning and enterprise management skills (Marketing skills, Communication, Recordkeeping and finance.
A total of of over 1,200 women have benefited from these trainings. This brings to 2,700 the number of women who have been trained under the Rising Woman Initiative that’s currently in its second year.
The initiative is aimed at recognising and rewarding a culture of mentorship among women in Business in Uganda. This initiative is running for a second consecutive year will see over 100 women showcasing their products and services at an Expo that has been organised for Friday 15th and Saturday 16th November 2019 at Hotel Africana starting at 9:00 am.
The Expo is a culmination of the 2019 Rising Woman Initiative launched on June 19th 2019. The 2019 Expo will provide an opportunity for women-owned business and entrepreneurs to share knowledge and move their business forward. Over 200 exhibitors and attendees are expected to attend the two-day Expo. The women entrepreneurs have also been offered an opportunity for their businesses to be profiled and advertising space in selected media.
According to #VictoriaByenkya Head of Women in Business program at dfcu, women-led businesses often fail due to diverse challenges but on top of the list is lack of information, financial constraints, social barriers and skill set gaps. Through these trainings, these gaps are being bridged at a free cost thereby working at creating an enabling environment for women entrepreneurs to flourish.
Joan Akumu who runs a confectionary business said “Marketing has always been my challenge since I am a sole entrepreneur. I do my work from home and I have to market it myself. This training has exposed me to better practices and I believe I will stand out once I implement this knowledge.”
According to Esther Kisaakye a Health and Nutritionist Marketer, who attended the training, it’s easy to forget the most essential things when running a business. “This training has reminded me and I have also learnt the business principles that I need to take my business forward. I enjoyed the training especially the part about the 7P of business.”
As part of the initiative, over 95 businesswomen participated in proposal writing. The top 3 winners will win UGX 15 million, 10 million and 5 million respectively and the overall top 10 will take part in an all-expense paid study tour to Nairobi.