Entrepreneurship Zone: 25 October 2021 :: Young Zim entrepreneurs receive USD$20 000 boost

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Mon Oct 25 08:44:13 CAT 2021


 

 


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Entrepreneurship Zone: 25 October 2021 :: Young Zim entrepreneurs receive USD$20 000 boost

 


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TWO Zimbabwean youth entrepreneurs, Munyaradzi Makosa and Tafadzwa Chikwereti, have received US$20 000 each after being named among Africa’s top innovators under the 2021 Anzisha Fellowship.

These were recently selected from hundreds of applications across Africa and passed multiple stages of vetting and evaluation. Applicants were from business segments such as education, health, agriculture, manufacturing, energy, and beauty sectors.

Makosa (21) is the founder of Farmhut Africa, an online marketplace designed to connect farmers in rural Zimbabwe directly to the market.

Chikwereti, who is also aged 21, is the brains behind the recently launched Murimi Electronic Agriculture model, which uses artificial intelligence and machine learning. The business helps financial institutions to process loans faster, and farmers to ascertain their financial health.

The two lads have raised the country’s flag higher with their entrepreneurial acumen.

“I’m overly excited at the recognition and prize money. The journey was awesome, tough but awesome. I think it helps refine the business model,” said an elated Makosa.

“I am pretty confident that the Mastercard foundation and African Leadership Academy will both help us create sustainable businesses that will help the African continent.

“For me it was a team effort as I received wonderful support from the guys at Farmhut. I hope this comes as an inspiration to every other entrepreneur out there.”

Contacted for comment, Chikwereti was over the moon, saying the award was a big breakthrough in his life.

“I applied once last year and did not get in. So, I was kind of nervous at first. Had I not won this year, I would have had to wait again for another opportunity.”

Anzisha Fellowship programme executive director, Mr Josh Adler, commented: “We’ve seen clearly that a transition from secondary or tertiary education directly into sustainable entrepreneurship requires both financial and learning support.”

Other winners were drawn from Benin, Cameroon, Côte D’Ivoire, Democratic Republic of Congo (DRC), Guinea, Kenya, Madagascar, Malawi, Mali, Namibia, Nigeria, Sierra Leone, South Africa, Tanzania, Togo and Uganda. – The Herald

 

 


 


 


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DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and sourced from third parties.

 


 

 


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