Gender Gender

K750,000 set aside for entrepreneurs

MWAPE MWENYA, Lusaka
WECREATE Zambia has set aside K750, 000 for the Wecreate business challenge competition for women entrepreneurs.
The organisation executive director Nambula Kachumi said in an interview that Wecreate Zambia is working with women in various business sectors such as agriculture, information technology and manufacturing.
She said the main objective of the competition is to determine value preposition and how the businesses will improve the economic status of other women in communities.
Ms Kachumi said the business ideas should have potential to grow entrepreneur communities in society and help create jobs.
“The aim of this business model is to allow women to access different resources in their businesses and coaching as well as mentoring. We want women to define their businesses through the business model approach by taking them through the various steps of designing and defining their business models,” Ms Kachumi said.
She said the United States Department of States, African Women`s Entrepreneurship P r o g r a m m e s ( AW E P ) Caterpillar and Start Cup are the main sponsors of Wecreate Zambia.
She said the project, which was launched in March this year, will run for a period of seven months.
Ms Kachumi said more than 2,000 women applied for the competition but only three will be selected as grand winners in October this year.
“The first winner will walk away with K250,000, followed by the one with K100,000, while the third one will get K50,000,” she said.
She said Wecreate Zambia was the first to be launched in Africa in June last year.
Ms Kachumi said women between the ages of 18 and 65, irrespective of social status and physical abilities, are eligible to participate in the competition.

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