Investing in women is a critical step for our economic development, notes the PSFU Board

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The Private Sector Foundation Uganda (PSFU) has announced the start of the third season of the Women’s Day Katale, scheduled to commence this Friday, March 15th, and run through to March 17th at the Dam Waters Rugby Ground in Jinja.

According to Mr. Daniel Kazibwe (popularly known as Ragga Dee), a PSFU board member representing the Arts, Culture & Creative sector, the 2024 Women’s Day Katale would empower hundreds of women with the necessary skills and knowledge to thrive and bridge the economic gap for women in Uganda.

“Investing in women is not only the right thing to do but also a critical step for our economic development. At this year’s Katale, we are going to have business clinics that will provide insights on grant applications and participation in government procurement, On behalf of Mr, Humphrey Nzeyi – our board Chairperson and on behalf of the entire board, I can confirm that PSFU is committed to Women and Youth empowerment as this is key to our country’s transformation,” he said.

The theme for this season is “Bridging Economic Divides for Women’s Prosperity,”. This initiative is supported by Young Africa Works (YAW) Lead Firm Structure program that is implemented in partnership with the Mastercard Foundation.

Speaking to journalists ahead of the Katale, Fazira Kawuma, the Deputy Mayor of Jinja City, noted that they are ready to host the event and urged women to seize the opportunity to boost their businesses.

“I urge women to actively engage in economic activities. This is crucial for our economic development, considering our region has had persistent challenges of poverty,” she said.

“As women, we possess the capacity to engage in various economic endeavors and improve our financial status. Leveraging our planning abilities and innovative ideas, we can form groups to benefit from such programs,” she said.

The Women’s Day Katale offers numerous advantages for participating women entrepreneurs, providing them with a platform to showcase their products and services to a diverse audience, thus expanding their market reach and visibility.

The third annual event builds upon the successes of the previous editions held in 2022 and 2023. The Women’s Day Katale debuted in Luwero district in 2022, attracting over 100 women-founded and women-led businesses. The second edition, hosted in Kampala in 2023, saw the participation of more than 250 women enterprises, who not only showcased their products but also acquired business management skills and delved into corporate governance.

Apollo Muyanja Mbazzira, the PSFU Lead Firm Structure (LFS) Project Director said that the Women’s Day Katale aims to give an opportunity to women to learn and grow.

Muyanja said other Katale benefits include; meaningful connections with other accomplished women entrepreneurs, mentors, and industry experts, fostering collaboration and professional development.

Meanwhile, Loy Katali, the District Woman Representative of Jinja District, encouraged women to participate, noting the importance of acquiring entrepreneurial skills to support their businesses and families.

“This event marks a significant milestone in our collective journey towards creating an environment where women can grow without hindrances. PSFU will provide further support to some of the participating women to support their businesses. Let us make this Katale a resounding success,” she said.