Stanbic Business Incubator Limited (SBIL), a subsidiary of Stanbic Uganda Holdings Limited (SUHL), under the management of Ms. Catherine Poran as Chief Executive, will conduct a graduation ceremony for the 2024 cohort of SMEs under two capacity building programs; Stanbic Accelerator Program (SAP), and the Supplier Development Program (SDP).
A total of 48 out of 60 business owners who have completed the 9-month intensive training and coaching will officially be recognised and awarded certificates of completion on May 16th, 2025, at a ceremony that will be held at the Uganda Registration Services Bureau in Kololo.
The theme for the event is Stand-out for Uganda’ and it encapsulates the initiative’s vision of empowering entrepreneurs to transcend traditional SME limitations and become catalysts for Uganda’s economic transformation.
According to Ms. Poran, this theme not only celebrates the graduates’ achievements but also resonates with Stanbic’s commitment to driving Uganda’s growth by fostering a vibrant and competitive entrepreneurial ecosystem.
Ultimately, the initiative aims to inspire the emergence of Uganda’s National Economic Champions who will raise the national flag in regional and international markets, contributing to a vibrant and prosperous future for Uganda.
This graduation ceremony is not just an endpoint but a launch pad for the initiative.
“We are confident that these graduates will become the next generation of Uganda’s economic champions, driving innovation, creating jobs, and contributing to a prosperous future,” Poran said.
She noted that the Stanbic Business Incubator Limited remains committed to supporting the graduates’ journey and fostering a thriving entrepreneurial ecosystem in Uganda.
Empowering Entrepreneurs
The Stanbic Business Incubator initiative is designed to support entrepreneurs in Uganda, particularly SMEs, by providing them with the necessary skills, knowledge, and resources to grow their businesses. The initiative’s flagship programs, including the Stanbic Accelerator Program (SAP) and the Supplier Development Program (SDP), are tailored to address the specific needs of SMEs and equip them with the tools they need to succeed.
Key Objectives
The Stanbic Business Incubator initiative has several key objectives, including:
Recognising Entrepreneurs’ Accomplishments
The initiative aims to recognise and celebrate the achievements of entrepreneurs who have participated in the programs, inspiring them to further scale their businesses and contribute to Uganda’s socio-economic transformation journey.
Fostering a thriving entrepreneurial ecosystem
SBIL is committed to supporting the growth of a vibrant and competitive entrepreneurial ecosystem in Uganda, driving innovation, creating jobs, and contributing to a prosperous future.
Driving Economic Growth
By empowering entrepreneurs and SMEs, the initiative aims to drive economic growth, increase competitiveness, and promote Uganda’s economic transformation.
Launch Pad for Success
The graduation ceremony for the 2024 cohort of SMEs is not just an endpoint but a launch pad for the initiative. This milestone marks the beginning of a new chapter for these entrepreneurs, who are now equipped with the skills and knowledge needed to take their businesses to the next level.
The Stanbic Business Incubator initiative is, therefore, a key economic driver in Uganda, empowering entrepreneurs and SMEs to drive economic growth, innovation, and job creation.
By providing capacity building programs and supporting the growth of a thriving entrepreneurial ecosystem, SBIL is playing a crucial role in promoting Uganda’s economic transformation and contributing to a prosperous future for the country.