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Young entrepreneurs get $15,000 grant

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By Brenda Kayo:

Strengthening Higher Education Access in Malawi (Sheama) in partnership with USAid, has awarded $15,000 (about K15.3 million) to young entrepreneurship graduates from five public universities.

US Ambassador to Malawi David Young said the award was granted to young entrepreneurs to improve their business plans.

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“We are very excited to award 15 grants to young entrepreneurs who recently graduated from public universities of Malawi who are moving forward with their business plan and doing exciting things to grow their business. We have given grants of K1 million each to the 15 entrepreneurs to push their business plans,” Young said.

Young said young people who have ideas and initiatives to start businesses should have determination to improve their business plans.

He said the youth should have courage to look for networks and mentors to help them on their ideas and capital.

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Sheama Director of Scholarship Zikani Kaunda said the organisation wishes to help more young entrepreneurs with more grants to run their businesses.

“We have been encouraged by the Ambassador of the US who has promised to provide more funds to continue with the initiative,” she said.

Minister of Education, Science and Technology Agnes NyaLonje said universities should have programmes that provide skills that are relevant to students who want to set up businesses.

“Whatever the pathway that young people may take, there should be a programme that provides skills that are relevant,” she said.

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