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MHub urges youth to be entrepreneurs

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Malawi youth have been urged to set up small scale businesses as opposed to relying on companies to employ them.

Speaking at a graduate pitch ceremony that was organised by mHub to provide a platform for aspiring entrepreneurs in Lilongwe, Chairperson of the organisation, Francis Gondwe, said with high unemployment rate, there is need for the youth to think business.

According to Gondwe, mHub envisions a Malawi with a generation of youth that are well informed at all levels and taking the lead in business and social entrepreneurship.

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He, however, said mHub acknowledges the challenges that the youth and in particular college graduates face in their quest to establish businesses.

“The unemployment rate is high and interest rates on business loans are also high. mHub, therefore, decided to launch this pitch to provide a platform for aspiring and potential entrepreneurs to pitch their business ideas and stand a chance to get support in the form of start-up capital,” he said.

In the competition, students were told to write a business plan and the overall winner walked home with a start-up capital of K500, 000, including an incubation space of the business for three months.

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The overall winners of Harvest Solutions, Christopher Manda and Lusayo Mwaisimba attributed the success to hard work and determination.

According to Mwaisimba their project aims to help farmers in terms of creating a platform of advertising produce.

“We are focusing on farmers. In Malawi economic growth comes from agriculture and we see that farmers face a lot of problems when it comes to produce so we are coming up with harvest solutions to help farmers sell their produce. We have an application that will help farmers interact with buyers,” he said.

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