THE Nyamuka Zambia business plan competition received its first application for the 2016 season this week, kicking off the second round of its search to find Zambia’s most promising, passionate and dedicated entrepreneurs.
Nyamuka Zambia manager, Shalin Jethi, said the competition was at a level where it showed how many potential entrepreneurs existed in Zambia.
“This excellent level of interest in Nyamuka Zambia shows just how many budding entrepreneurs exist in the country. We are expecting some really exciting, innovative and high quality entries to be submitted and we still have another three weeks to go before the deadline,” he said.
Mr Jethi said the competition was expecting a substantial number of entrepreneurs to register their business ideas.
“We are truly delighted to welcome the first applicant to this year’s Nyamuka Zambia Business Plan Competition. In 2015, more than 550 people applied for the competition and this year we are expecting an equally substantial number to register their business idea,” he said.
The competition is open to entrepreneurs from all economic sectors in Zambia.
Nyamuka Zambia was now accepting applications at its processing centres in Lusaka, Kitwe and Ndola until April 29, 2016, at 17hrs, after which no applications would be accepted.
Sam Simunchembu, a 30-year old Lusaka-based entrepreneur, was first to submit his application.
Currently working as a credit controller, he plans to set up his own business in the technology field, with an enterprise which he believed was innovative and could be first of its kind in Zambia.
Mr Simunchembu said his dream was to have his own business and to do something he was passionate about.
“I have been working on the plan for my new start-up for some time and began preparing my application for Nyamuka Zambia a while ago,” he said.
While accepting that the top prize of K250,000 would be very useful in making his business dream a reality, Mr Simunchembu noted that this was not necessarily the primary reason for applying to the business plan competition.
“For me the most important thing is that I could have the opportunity to access top quality advice and mentorship if I get through to the next round,” he said.