Press Release

Friday 16 November, 2018

Women Entrepreneurs win Big in the 2018 Rising Woman Initiative
dfcu Bank in partnership with Monitor Publications Limited’s (MPL) flagship brand Daily Monitor and Uganda Investment Authority-UIA, have just concluded a nationwide three-phase initiative dubbed Rising Woman under the theme ‘Taking your Business Ahead’. The objective of the initiative is to recognize, celebrate and promote a culture of mentorship among women entrepreneurs in Uganda.

At least eight hundred (800) women entrepreneurs have benefited from the business training conducted in different parts of the country since July. One hundred (100) women entrepreneurs have taken part in an Exhibition intended to provide women in business a platform to show case their products and services and share knowledge with other entrepreneurs.

As part of the initiative, a call for the submission of business proposals was made. The Business proposal writing competition was aimed at giving women an opportunity to articulate their business ideas in writing and win partial funding for the same. A total of over eighty 80 business proposals were submitted and independently vetted from which twenty (20) businesses had a chance to vie for the top ten (10) spots.

This evening dfcu bank, Daily Monitor and UIA recognized and awarded three women entrepreneurs with cash prizes of up to UGX 30,000,000 million and an all-expense paid study tour trip to Nairobi after emerging victorious in the highly competitive proposal writing competition.

The overall winner Krystal Ice Limited took home UGX 15,000,000 million, Cradle Care Mobile App, the first runner up was awarded UGX 10,000,000 million and second runner up Kalaa Mugosi received UGX 5,000,000 million. Additionally, one delegate from each of the 10 selected businesses that entered the competition will be sponsored to attend a study tour in Nairobi in January 2019. They will also receive free business advisory services for a period of one (1) year courtesy of the dfcu Women in Business Program.

The Award ceremony was presided over by the former Vice President of Uganda and Dr. Speciosa Wandira Kazibwe.

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