dfcu Bank, in partnership with Monitor Publications, the Uganda Investment Authority, the Uganda Stock Exchange, the Ministry of Tourism, Wildlife and Heritage and other partner agencies, announced the results of the 2023 Top 100 Small and Medium Enterprises Survey at a dinner held last Friday 1 December. Award winner. The event, held at Hotel Africa, marked the culmination of a three-month survey to identify and analyze Uganda’s fastest-growing mid-sized companies.
The Top 100 survey, which has been running for 15 years, aims to identify Uganda’s fastest-growing mid-sized businesses to demonstrate excellence in business achievements and highlight some of the country’s most successful entrepreneurial stories.
Companies that participate in this annual competition benefit from business process improvements that ultimately help them secure new sources of financing, improve their business management skills, and acquire the new partners they need to take to the next level.
The theme of this year’s Top 100 SMEs event is “Inclusive access to business information services, technology and financing for SMEs”, emphasizing the importance of equitable provision and distribution of resources for the growth and sustainable development of SMEs. ) in Uganda.
In his speech, Charles Mudiwa, CEO of dfcu Bank, spoke of the power of clarity of vision and persistence to transform business. Mudiwa attributed DFCU Bank’s growth and success over the years to a clear vision and focus, noting the importance of hard work and resilience in achieving long-term success.
Mudiwa affirmed dfcu Bank’s commitment to supporting small and medium-sized enterprises in Uganda. “As DFCU, our role is to support your business ambitions and help you achieve the dreams we achieve through programs like this. We also directly support women-led businesses through our Women in Business programme,” he noted.
“Currently, our bank serves 130,000 SMEs in Uganda. Our support includes credit facilities, financing, business advisory services, analysis, advocacy and creating pathways and spaces for constructive networking opportunities.
I call on companies here today to remember that business excellence is built by building on existing strengths, extending capabilities and increasing a company’s reach and impact. With this initiative, I hope every company will have a clear roadmap for future success.
The guest of honor at the event, His Excellency David Bahati, Minister of State for Trade, Industry and Cooperatives, congratulated the top 100 SMEs who participated in the survey, recognizing the role of SMEs and their contribution to Uganda’s economic growth, including directly creating 70% of the country’s employment opportunities.
Dear. Bahati encouraged small and medium business owners to take advantage of schemes implemented by the government, which include access to affordable capital.
Sun Power Sustainable Energy Ltd emerges as the winner of the 2023 Top 100 Small and Medium Enterprises Survey. Founded in 2018, the company is fully Ugandan-owned and led by Mr. Jonathan Bukenya. Yaweike Engineering Co., Ltd. won the second place and Palm Construction Co., Ltd. won the third place.
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