Sep 19, 2017 Last Updated 8:40 AM, Sep 19, 2017
×

Warning

JFile: :read: Unable to open file:

Malawi’s MHub Extends Period For Entrepreneurship Challenge

MHub nurtures emerging innovators and entrepreneurs to build sustainable business solutions MHub nurtures emerging innovators and entrepreneurs to build sustainable business solutions Image sourced at twitter.com
Published in Business News
Read 4361 times
Rate this item
(0 votes)

MHub together with Her Liberty have extended their entrepreneurship challenge in which six young entrepreneurs in Malawi is expected to win MK20 million.

The two month extension is meant to give a chance for more young people to apply with their bankable business ideas.

Dubbed the “What Will Do with K20 Million Challenge”, the competition seeks to apply innovation and entrepreneurship as a catalyst for socio-economic development, job creation and youth empowerment.

MHub Chief Executive Officer, Rachel Sibande disclosed that seeks to identify and support innovative local business ideas that can create social impact in communities and foster job creation.

The challenge started in March 2017 and will receive applications up to 31st July 2017. 

“The overall objective of the challenge is to enable entrepreneurs in Malawi to be key drivers of the economy. Through the contest, young small and medium enterprises stand a chance to boost their capital with a total of MK20 million and enhance their knowledge in business and financial management through an intensive one week training for the winners,” Sibande said.

According to the CEO, the criteria for the winning entrepreneurship pitches includes business concept, strategy, value proposition, quality of the product, financial soundness and social returns. 

Sibande further stated that the “What Will Do with K20 Million Challenge” was designed to respond to the problem of unemployment and poverty which Malawi’s youthful population is grappling with.

Currently, 80% of Malawi’s over 17 million population is made up of young people below 35 years of age.

According to the National Statistical Labour Force, the rate of unemployment hovers at 21 percent and affects this youth population the most.

The challenge received support from Standard Bank which has pledged to invest MK10 million (U$14,000) as seed capital to kick-start the challenge.

The MK20 million seed capital is to kick-start six business ideas from young entrepreneurs who will emerge winners at the challenge.

MHub is Malawi’s first innovation hub and incubator for emerging entrepreneurs.

The hub nurtures emerging innovators and entrepreneurs to build sustainable business solutions.

Her Liberty is an organisation that works to empower and mentor socially disadvantaged girls and women.

It aims to equip and train them to be self-reliant and economically independent.

Her Liberty works with a bigger regional network on youth-related issues pertaining to youth development and entrepreneurship under a network called AfriYAN (African Youth and Adolescent Network).

753 comments

  • Comment Link showbox on pc showbox on pc Saturday, 16 September 2017 09:22

    There is noticeably a bundle to learn about this. I assume you made certain nice factors in options also.

  • Comment Link CarlosAberi CarlosAberi Saturday, 16 September 2017 01:30

    cialis for sale in australia
    online viagra
    [url=http://viagrajfeg.com/]buy viagra online[/url]
    viagra pills in hyderabad
    cialis online pharmacy
    [url=http://cialisdmge.com/]buy cialis online[/url]
    tadalafil tadacip 20mg

  • Comment Link escape room fort worth escape room fort worth Saturday, 16 September 2017 00:32

    Your style is very unique in comparison to other people I've read stuff from. Thank you for posting when you've got the opportunity, Guess I'll just book mark this web site.

  • Comment Link online heels online heels Friday, 15 September 2017 22:37

    But as you should have currently noticed, not all the sites that are available via the web are truly great.|Globe Figure Skating Team just times following the fiftieth anniversary of their loss of life. Nike air max sale 2010 shoes are the latest fashion of max sequence. One of the most well-liked denims of all time is the Peter England Jeans.|Actually, most of the sites that provide these kinds of services can be accessed for totally free. Perhaps Eagles followers are more forgiving than first believed? What is it that tends to make Samuel Windsor shoes so unique?|If you are an workplace woman, black, gray, beige and brown leather-based shoes can match for most of your clothes. Then the most essential aspect affect choosing right shoe is the shoe's length and width.|The feet need much more space for further running excise, you might take that in thought. Thirdly appear for different outlets, promos, and another buying shop. The name can be seen on its official web site.|But is this the only purpose why you ought to be looking to shoes online store? Almost all of us have an impact that which dimension is often best for him. You can purchase the various products as per your handy timings.|Also if you are preparing to buy Phen375 United kingdom pills in bulk then it is undoubtedly a good move. Obviously, if you drop, your garments can get ripped. As for colors, select what suits your eyes the most.|There's no excuse for this, other than the shop decides not to want to have larger measurements. So it is essential to spare much more room for additional running when choosing the operating sneakers.|The Tamaris is another superb searching pair which you can pick up. Today, in a fierce aggressive world people barely have time for anything. Revitol stretch mark: this product is for stopping extend mark.|You'll quickly find that shoe shopping starts to become a lot much more enjoyable.

  • Comment Link PatrickSypem PatrickSypem Friday, 15 September 2017 21:39

    do you get viagra dubai
    buy viagra online
    [url=http://viagrajfeg.com/]buy viagra online[/url]
    sildenafil order online
    cialis buy
    [url=http://cialisdmge.com/]buy cialis online[/url]
    viagra cialis levitra discount

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook