The Catholic University of Malawi, through its Management Resource Centre, is set to empower three students in entrepreneurship under its business incubation project.
The tree students are Issack Ruwanya, who is studying a Bachelor of Commerce (Human Resource Management), Doreen William, who is studying a Bachelor of Commerce (Banking and Finance), and Fr. Samson Kumkumbira, who is studying a Bachelor of Commerce (Business Administration).
Director of the Management Resource Centre at the University, Gregory Kunyenje, said the centre will provide financial support and expertise to the three students to grow their businesses.
“These students will get seed money from the university for their operations, but our target is to provide expertise that will help them win big funding from the corporate world, which will involve providing mentorship and close monitoring of the business they presented to us,” said Kunyenje.
He added that the centre plans to involve other experts outside the university for hands-on experience in the business world.
“As we move forward, we will be looking for partnerships with other institutions of higher learning in the country for a joint initiative that will help the country be transformed as far as solving the unemployment problem,” he added.
He then disclosed that the centre plans to extend the opportunities to other people who are not students of the university through planned outreach in different communities.
Isaac Ruwanya, one of the students, has commended the university for considering their proposals among many that submitted their ideas. He added that he will utilise the opportunity to create opportunities for his fellow youth in the country.
He added that the pig farming business idea he plans to venture into will help create opportunities for other fellow youth with an interest in the pig farming business.
The Catholic University of Malawi has three centres, namely: the Management Resource Centre, the Centre of Environmental Affairs, and the Centre for Socio-Theology.