Skip to main content
Handing over a dummy cheque

Youth-led startup raises seed funding from UBL

In 2019, UBL offered 40 scholarships worth Shs116 million for the students to pursue vocational courses from Datamine Technical Business School and Africa College of Commerce and Technology (ACCT), Kabale.
posted onMarch 5, 2021
nocomment

Uganda Breweries Limited (UBL) has rewarded 8 youths with seed capital of Shs7 million to boost their startup businesses, following their outstanding performance in the UBL skills for life program.

The youths, 4 of whom are girls, have been part of UBL’s Skills for Life scholarship initiative for academically deserving yet economically disadvantaged students.

The seed capital was handed over during the student’s graduation ceremony that was officiated by George Mutekanga, the commissioner in charge of Private schools and Institution of Higher Learning.

In 2019, UBL offered 40 scholarships worth Shs116 million for the students to pursue vocational courses from Datamine Technical Business School and Africa College of Commerce and Technology (ACCT), Kabale.

Through a technical expert - Enterprise Uganda, UBL also provided career guidance and supported the beneficiaries to start up various businesses to provide revenue.

Of the 40 students that were awarded scholarships, 24 of these were female and 16 males.

“The 60:40 ratio of female to male students was a deliberate effort by Uganda Breweries Limited in a bid to champion inclusion and diversity by giving more opportunities to female students," said David Onyango, the UBL Head of communication and sustainability.

"UBL is committed to elevating and empowering female talent because we acknowledge that a diverse culture is intrinsic to the success of the business. We are continuously striving towards achieving gender balance by creating opportunities for female students and equipping them with hands-on skills that prepare them for the job market.”

The Director of Enterprise Uganda, Rosemary Mutyabule noted that the students who received the start-up capital were selected based on their capacity to execute and implement business projects.

“We also assessed the sales that were made since they started the business, the profits made, the number of employment opportunities that have been created by the business and the general contribution of the business to the neighboring community,” she added.

The Students who received seed capital included are Arinda Kofudensi, Tumukunde Immaculate, Nsabiyunva Vian, Nyesiga frances from ACCT, Kabale and Nangendo Allen, Namukwaya Blessed, Basoile Muhamed, and Moses Mukooba from Datamine Technical Business School.

In an effort to push the women empowerment agenda further, UBL also runs an apprenticeship program for female university students taking courses in Science, Technology, Engineering and Mathematics (STEM) to give them a learning and employment opportunities in male-dominated fields.

About Author

Kp Reporter - Chief editor

Join the conversation

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.