Business
AccelerateHER, a meaningful catalyst for innovation and higher female labour force participation in Sri Lanka
Sri Lanka’s first accelerator program tailored for the country’s female founders, AccelerateHER, which recently held its finale event ‘Demo Day’. The program’s six recent graduates presented their products and services and pitched for the opportunity to receive investment and support from partners in Sri Lanka, USA and other parts of the world in effectively taking their business towards global markets.The event which took place on 23 June 2022, was held at the Hatch premises and featured female founders in industries that included tourism, baby and mother care, sustainable fashion and food. These six founders spent the last three months going through a rapid and immersive business acceleration program, working with industry mentors, business advisors, and subject matter experts.
When Hatch launched ‘AccelerateHER’ in collaboration with the US Department of State in November 2021, it was intended as an accelerator and gender-based awareness-raising initiative, aimed at developing women entrepreneurs within the country.
“When the US began this partnership with Hatch to start the AccelerateHER program last year, we envisioned that women entrepreneurs would reap the benefits. Their success is now our success, and I can’t think of a better investment”, said US Ambassador to Sri Lanka, Julie J. Chung, on Demo Day.
Aside from the US Department of State, the program was supported by outreach partners, including Diversity collective, Youlead, WEconnect International, Ceylon Chamber of Commerce, Daily FT, TNL, Arteculate, Echelon, and Chokolaate.The six founders showcased on Demo Day included Shenuka Umagiliya, Founder of Ba. La. Mu, Sashini Jinasena, Founder of Leo the Label, Bhagya Sandakalum Founder of BlueFish, Shivani Tyronne, Founder of Miris by IslandMom, Lasni Silva, Founder of Lactoboost by Spice Carriage and Tina Lobo, Founder of True by Tina. Hatch provided each of these female founders a platform to access the skills and resources needed to scale their business.
AccelerateHER’s women entrepreneurs benefited from Hatch’s mentors and experts who have deep industry, investment, and entrepreneurship knowledge from having worked across all stages of a startup. This collective experience, together with that of Hatch’s growing list of female alumni, is aimed at helping these female founders overcome gender-specific nuances that prevent women from succeeding in business through peer-to-peer learning, to become investor-ready.The program allows a selected number of women entrepreneurs and their startups to take part in the three-month initiative, giving them the opportunity to collaborate and co-create together with the larger entrepreneurial ecosystem while also enhancing their knowledge and uplifting their businesses.
“Global studies show that businesses with women founders raise more money and build better results. Yet, women often dismiss entrepreneurship as an option due to its impact on their family lives and its high risk. However, these six talented women entrepreneurs have demonstrated that despite harsh economic conditions, with hard work and creativity you can exceed your wildest expectations for yourself. We hope that AccelerateHer continues to be an important catalyst for higher female labour force participation in Sri Lanka” – Brindha Selvadurai, CEO and Co-Founder of Hatch.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
-
News5 days ago
Lunuwila tragedy not caused by those videoing Bell 212: SLAF
-
News4 days agoLevel III landslide early warning continue to be in force in the districts of Kandy, Kegalle, Kurunegala and Matale
-
Latest News6 days agoLevel III landslide early warnings issued to the districts of Badulla, Kandy, Kegalle, Kurunegala, Matale and Nuwara-Eliya
-
Features6 days agoDitwah: An unusual cyclone
-
Latest News6 days agoUpdated Payment Instructions for Disaster Relief Contributions
-
News2 days agoCPC delegation meets JVP for talks on disaster response
-
News2 days agoA 6th Year Accolade: The Eternal Opulence of My Fair Lady
-
Business2 days agoLOLC Finance Factoring powers business growth
