By Irene Best Nyapendi
As the Uganda Airlines flight set off to Kenya from Entebbe Airport at 9:40 p.m. July 30, one particular passenger was on a seat for the first time. It was also Racheal Nantume.
“Feeling the plane accelerate down the runway and take off was amazing,” Nantume said.
During the 75-minute flight, Nantume says she enjoyed the in-flight snacks, most especially the airline chicken sandwich.
“Being a chef, trust me when I say the chicken sandwich was good,” Nantume said.. “I loved it.”
She was among the six member-team from Uganda Christian University (UCU) that traveled to attend the Impact Investment Summit in Nairobi, Kenya. The summit, which took place from July 31 to August 1, brought together delegates from across the globe, including entrepreneurs, industry leaders, and investors. It was hosted by the Transformational Business Network Africa.
It focused on bridging the gap between funders and entrepreneurs, unlocking hidden business potential, and exploring creative solutions to Africa’s challenges, emerging market trends, untapped sectors, and strategic pathways to capitalize on new opportunities.
Held under the theme “Enabling Business Growth Through Access to Finance,” the event aligned with TBN’s mission to empower African entrepreneurs to reach their full potential and create jobs.
For the two days, the summit participants learned from a panel of 35 experienced investors. A total of 267 beneficiaries attended the summit. An anonymous Uganda Partners donor supported the participation of the UCU team by paying for their flights.
Nantume said the summit not only transformed her business — Ranaz Snack Series, a bakery and restaurant business she started in 2020 — but also her leadership approach. She has become more empathetic, collaborative, and open to new ideas. She has also empowered her team to take ownership and drive change.
“When I returned from Nairobi, I conducted customer feedback sessions, which revealed valuable insights into their needs,” said Nantume, who graduated from UCU in 2022 with a degree in Project Planning and Entrepreneurship. “Using their feedback, I urged my team to develop new products and services that address the client’s needs.”
Upon her return, she says she noticed a positive change in her mindset about the business — she started monitoring progress in her business by tracking key performance indicators to measure success.
Nantume also is considering conducting a post-summit workshop to share key takeaways from the summit with her team.
Despite her success in the business, Nantume says she had been stuck and unsure of how to innovate and stay competitive. However, after being inspired by a keynote speaker at the summit, she realized the need to shift her focus from internal processes to customer-centric solutions.
Jacob Zikusooka, the Regional Director of TBN, argued that investing in entrepreneurs creates jobs and ends poverty. “Entrepreneurship is the silver bullet for Africa’s development. Beyond teaching our people how to fish, at TBN, we help them find a place at the river to fish,” Zikusooka explained.
TBN builds the capacity of entrepreneurs by enabling businesses to grow, through technical assistance and mentoring, as well as facilitating collaboration among entrepreneurs to create a platform for knowledge sharing.
Martin Kabanda, the UCU eLearning manager, a lecturer and a facilitator at the incubation hub, went for the summit to learn how to improve the hub’s model and increase partnerships. He was also looking for ways to overcome the challenge of limited funding for students, and his business.
At the summit, he realized that money is available for businesses that have a clear plan, good governance, and a focus on impact.
“I will encourage my students that even when they have no funds, they should ensure that they are trustworthy, and have structures in their business, and money will come,” Kabanda said.
For Dorothy Tushemereirwe, an entrepreneur, and a fundraising consultant at UCU, it was her fifth trip to Kenya. She hoped to benefit from the summit as an entrepreneur and a maker of carpets.
And she struck a chord with the message of one of the panelists who said: “Business that doesn’t leave the bedroom goes to sleep.”
She now plans to expand her marketing efforts beyond WhatsApp, targeting supermarkets and furniture shops.
“I was happy to meet people who validated my role as a resource mobilizer, and I eagerly anticipate the partnerships arising from this summit,” she said.
Aston Aryamanya, a lecturer and facilitator at the UCU incubation hub, was motivated to attend the summit to learn from entrepreneurs and gain insights to support students at the hub.
“My role at the hub motivated me to attend, as students are constantly coming to me with business ideas, as well as seeking support,” Aryamanya said. “This was an opportunity to connect with entrepreneurs and learn how best to support my students.”
At the summit, he learned that investment meets ready ideas and that investors look for well-prepared and refined ideas, something which will enable him to mentor students and help them perfect their pitches.
“I want to start organizing monthly pitching events for my students,” he said. “I learned that we must mentor the students, listen to their ideas, provide constructive feedback, and offer support.”
Additionally, Aryamanya aims to create a pool of potential funders for students at the incubation hub so as to get capital without immediate repayment pressure.
