CBZ Bank’s Young Entrepreneurs Programme (YEP) program has since 2016 benefited 1 875 young people with 52% of the trainees being women, the financial institution has revealed.
According to a statement from the bank, the 2017 edition saw over 1 000 young people from the country’s 10 provinces receiving extensive training.
“The 2017 edition saw over 1 000 young people from the country’s 10 provinces receiving extensive training, 20 received seed money to inject into their businesses, 10 finalists were awarded with prize money to be used in their businesses.
“Ropafadzo Zimunya from Manicaland who is manufacturing banana flour walked away with the top prize of US$10,000.00 with Clive Nyapokoto (Mashonaland East) who is doing shift organic farming and Junior Bakasa (Harare) who is manufacturing various top range detergents walked away as 1st runner up (US$7,000.00) and 2nd runner up (US$5,000.00) respectively.
“In addition 414 businesses have been successfully registered and are fully functional,” further noted CBZ bank.
According to CBZ the 2018 edition has been divided into two parts with the top prize of US$7,000.
“The 2018 edition has been divided into two parts i.e the Start-ups category (Businesses which are still at idea stage up to one year of operation) with the top prize of US$7,000 and the Established Businesses (Maximum of three years in operation) with the top prize of US$5,000. Youths aged 18 – 35 years old are eligible to apply,” added CBZ.
The program will involve one and half day outreach training to all ten Provinces of Zimbabwe, at least 100 participants will be selected to attend each workshop in each Province.