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Home Business

Pride Bank hosts forum to tackle challenges facing women in business

by Muhammad Ngobi
in Business, News
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Women entrepreneurs from across Kampala and Wakiso gathered for a business engagement hosted by Pride Bank Limited, as the financial institution intensified efforts to support the growth of women-led enterprises.

The forum, held at Hotel Africana, brought together more than 180 participants, many of whom are small and medium-sized business owners drawn from the bank’s Central A and Central B regions. The meeting created space for participants to exchange ideas, reflect on their entrepreneurial journeys, and explore practical solutions to common business challenges.

Discussions at the event centered on strengthening business resilience, improving financial discipline, and positioning enterprises for long-term growth. Participants also examined barriers that continue to affect women in business, including limited access to affordable financing, constrained market opportunities, and gaps in mentorship.

Addressing the gathering, Managing Director Veronica Namagembe said the bank is increasingly focusing on initiatives that extend beyond traditional banking services.

“We are intentional about creating platforms where women can interact, learn from one another, and build relationships that contribute to the growth of their businesses,” she said.

She noted that women entrepreneurs are playing a central role in Uganda’s economic development, not only through enterprise growth but also through their wider social impact.

“Women are building businesses, creating jobs, and supporting their communities. Their contribution is significant and continues to shape the economic landscape,” Namagembe said.

Despite this progress, she pointed out that many women still face structural and operational hurdles that can limit business expansion.

“There are still gaps in access to finance, mentorship, and markets. Addressing these challenges requires deliberate effort from institutions and stakeholders,” she added.

The engagement also featured contributions from business leaders and professionals who shared personal experiences and practical strategies for navigating uncertainty and scaling enterprises. Their insights highlighted the importance of adaptability, innovation, and strong support networks in sustaining business growth.

Namagembe emphasized that financial access alone is not sufficient to unlock the full potential of women entrepreneurs.

“Providing financial services is important, but entrepreneurs also need knowledge, guidance, and networks that can help them make informed decisions and grow sustainable businesses,” she said.

The forum further provided a networking opportunity, enabling participants to build connections, identify potential partnerships, and strengthen collaboration within the business community.

“When women come together to share experiences and support one another, it creates a stronger ecosystem for business growth,” she noted.

Pride Bank Limited said it will continue to roll out similar engagements as part of its broader agenda to promote financial inclusion and support enterprise development among women.

Tags: business growthEconomic Empowermententerprise developmententrepreneurshipfinancial inclusionHotel AfricanaKampalaMentorshipNetworkingPride Bank LimitedSMEsUgandaVeronica Namagembewomen entrepreneursWomen in business
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