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Regional Inclusive Business Summit

The first Regional Inclusive Business Summit was held in Jinja on Thursday, 1st August, 2019 at the Ci’Sand Suites Hotel. The event was organized by Imuka Access with support from SNV’s Innovation Against Poverty Program and FACTS Africa. The event attracted various businesses from Eastern Region and others from Kampala. It aimed at promoting the opportunities of Private enterprises towards contributing to inclusive growth.  The objective was to spread knowledge on the concept of inclusive business and impact investment. This was the first event of its kind and leverage partnerships among the private sector players for the success of the summit. This event was the first regional event shall take place in Jinja with a goal of bringing private entrepreneurs in the vibrant Eastern region covering Mbale, Jinja, Iganga, Tororo and Busia.

Main objective

To promote competitive and inclusive enterprise growth for economic development

Specific Objectives

i. To share and learn Inclusive business best practices
ii. To improve entrepreneurs understanding of impact investment and connect them to potential impact investors
iii. To create partnership and networking opportunities

Inclusive Summit- As It Happened:

The day began with welcoming remarks from the Ci’Sand Suites team led by Jackline Arinda.

Official Opening of the Event by: Owek. Ntange Andrew, Spokesperson Obwakyabazinga Bwa Busoga on behalf of the Prime Minister of Busoga

This was followed by presentations from Moses Komangum the program manager for SNV Innovations Against Poverty. Whose presentation aimed at demystifying the concept of inclusive business and value of inclusive business and opportunities for growth in Uganda;

Micheal Muwonge of FACTS Africa, presented and shared about financial options for early stage businesses and the need to be careful about which options an entrepreneur chooses inline with the business and revenue models.

Entrepreneur Experience sharing and learnings

This session allowed selected Entrepreneurs who have inclusive businesses, share how they have managed to develop and grow their businesses. They also shared their experiences on capital raising successes and lessons learned

Florence Okot, Managing Director of Yellowstar Produce and Agroprocessors shared about his entrepreneurial journey, challenges and some of the lessons he learnt along the journey that would be useful for other entrepreneurs who are also pursuing their entrepreneurial journey.

Emmanuel Emmodek, Managing Director of Chapchap Africa, shared about his entrepreneurial journey, challenges and some of the lessons he learnt along the journey that would be useful for other entrepreneurs who are also pursuing their entrepreneurial journey.

Carina Juilfs fo Matunda Hub  which runs a start-up value addition company producing dried fruits under the brand of Ejijim, shared how they started and how they managed to develop a local product with international standards.

This was followed by question answer question from the audience who wanted to understand how they overcame various challenges that some of them were facing.

Investor Perspectives and recommended Best practices This session comprised various investors in attendance to share their perspectives and recommended best practices to entrepreneurs who are keen to raise capital

The Investor Panel consisted of Micheal Muwonge of FACTs Africa, Samuel Sebyala of IUNGO Capital, Moses Komangum of SNV IAP,  Discussion, Nicolas Synnott of EWB Ventures, Jonathan Maraka of Open Capital Advisors.  They all shared the various capital areas and roles they play in their respective organizations. They also shared on key areas including:

  • Tips to entrepreneurs who are trying to raise capital.
  • Common mistakes that entrepreneurs make in pursuit of capital
  • Recommended on best practices for a business to be investor ready.

This was followed by question answer question from the audience who wanted to understand how they attract financing for their businesses.

Lunch Break:

In the afternoon session we had various side events and optional to the entrepreneurs depending on their interests.

Side events 1: Entrepreneur -Investor Connections included:

5 pre-selected Enterprises pitched to potential investors. Most of them were asked various questions to justify their presentations and assumptions. They were also given positive feedback to improve. Among those who pitched various conversations started between the entrepreneurs and investors. This included:

  • Nafuna Washeba of Naphoyo
  • Nalubega Hellen of Natures Heaven(FTBIC)
  • Rehema Chris of Samir General supplies
  • Ngabirano Viviane of Two Hands bakery(FTBIC)
  • Abubakar Suleiman -MIIC

The pitching experience was informative for the entrepreneurs most who were doing it for their first time.

Side Events 2: Networking and Exhibition showcase

We also had various entrepreneurs networking with each other on the afternoon session. This also included showcasing and exhibitions by entrepreneurs.

This session allowed feedback and knowledge exchanges amongst peer to peer entrepreneurs.     

Side Events 3: One on One Business coaching       

We also had FinAfrica and Amarin Financial group setting up one-on-one business coaching booths for entrepreneurs who needed personalized coaching and advise inline with their respective businesses.

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