4 other finalists won varying amounts of K100,000, K200,000, K500,000 and K700,000.
The Kweza challenge ran for over 2 months with 50 entrepreneurs pitching various aspects of their businesses.
Mooto , through his Maima General Dealers, pitched a business model of building a stable value chain in the agricultural sector that incorporates smallholder farmers.
“We have opted to be part of the solution by setting up a 20 million kwacha financial instrument that will be used to build a stable value chain in the small livestock sector. The instrument has so far attracted a total investment of 5 million which includes the 1 million prize from ZANACO, 2 Million from the African Development Bank and 2 Million from Mooto Holdings Ltd our private equity investment firm. We are actively engaging more financiers to raise the 15 Million kwacha balance and we are at an advanced stage,” he wrote after his win.
In Other News – Lusaka woman sentenced to 5 yrs in jail for hitting son’s genitals over a piece of chicken
A 33 -YEAR-OLD mother of Misisi Township in Lusaka has been sentenced to five years for assaulting her 8-year-old biological son over a piece of chicken a day after Christmas. Lusaka magistrate Trevor Kasanda jailed Jessy Banda five years imprisonment upon her own admission of guilt. Banda was charged with one count of...learn more