Nile Finances Fish Farm With . $20,000 Cash Prize

Amelia Kyambadde, the minister of Trade, Industry and Cooperatives, has called on corporate companies to take on fresh graduates as apprentices to acquire skills needed to get employed.

“I am glad that you are discovering the youths and giving them an opportunity to network and develop their ideas into sustainable businesses,” she said.

Kyambadde was speaking at the grand finale of the Kick Start programme, a brainchild of Nile Breweries Limited and NTV. The television show aimed at identifying young Ugandans with g entrepreneurship ideas that could transform society.

It was launched in November and brought together budding young entrepreneurs, who competed for a grand prize of $20,000 as startup capital for the successful project. Kyambadde lauded the Nile Breweries Limited for this venture.

NBL Managing Director Creg Metcalf called upon the contestants to believe in their products.

“Just believe in the product you are selling. Find your unique selling proposition. Wisdom comes with experience, not abstinence,” he told the finalists.

Hundreds of proposals were received and the judges zeroed down to the top 100. Only four finalists tussled it out on Wednesday evening at Serena hotel: Solomon Ajuna, Godfrey Sekatawa, Georwell Emanu and Maureen Chepkemoi. The judges, Barbra Mulwana (MD Nice House of Plastics), Charles Ocici (the executive director of Enterprise Uganda) and Moses Ogwal of the Private Sector Foundation had to choose one of the four ideas fronted by the contestants.

In the end, Emanu’s idea of cage fish farming seemed more viable and he walked away with the cash to invest in his fish business in Majanji. He will also undergo a year-long training courtesy of Enterprise Uganda.

Source : The Observer

Leave a Reply


The Impact of Fiscal Policy in Uganda

Poverty in Uganda has fallen substantially over the past 20 years. From 1992 to 2005, the proportion of the population living in poverty declined from 56.4 percent to 31.1 percent. However, sluggish growth and the drought of 2016-17 have reversed some …