HARARE - Sipho Pinky Mudzingwa (28) a young businessman has won $3 000 in the inaugural CBZ Youth Entrepreneurs Programme (YEP) which is aimed at empowering young business people in non-survivalist business.
Non-survivalist business is where one employs a number of people as opposed to a business where one is engaged for reasons of personal survival.
The whole $40 000 programme is run in partnership with a not for profit-making organisation called Empowerment Life Trust led by Shingie Chitsike.
Mudzingwa beat 10 other finalists selected from all the country's 10 provinces and for her efforts she received $3 000 at a colourful ceremony held at Meikles Hotel in Harare recently where CBZ Holdings Chief Executive Officer Never Nyemudzo was the guest of honour.
"Many young Zimbabweans graduating from tertiary institutions have no option but to go into business due to unemployment and most of the businesses are essentially survivalist self-employment initiatives with limited growth prospects and have a low impact on the development of the country.
"YEP seeks to address this need by inculcating a growth mind-set and ensuring the development of practices that foster business growth in young entrepreneurs through workshops and follow-up reinforcement activities," said Chitsike.
Mudzingwa who is a holder of a Diploma in Transport and Logistics Management from Gweru Polytechnic has ventured into mobile fast food retailing using a towable trailer in the Midlands capital mainly at MSU TelOne campus in the CBD.
The trailer is equipped with cooking equipment and can also be used at weddings and corporate functions.
"I chose this particular industry because food is one of the basic needs of humanity and probably the most important of them all, regardless of the economic or political conditions, people must feed.
"The food trailer eliminates the need to rent a shop thus cutting on start-up costs," said Mudzingwa.
She also paid tribute to the YEP programme for giving her confidence and the opportunity to network.
"The YEP programme has taught me to be a better person, it has motivated me so much that I have gained knowledge and now appreciate the importance of networking and I have also learnt to take every opportunity that comes my way," she added.
The second prize went to Kuda Chinya from Harare Province a manufacturer of low cost school bags who walked away with $2000 while the third prize of $1500 went to Alson Jani of Bulawayo who is into road traffic signs for the local authority.
All the other seven provincial winners received $500 from CBZ Holdings as a token of appreciation.business news