By Burnett Munthali

The Young Builders Challenge is set to recognize and award three outstanding young entrepreneurs today in Lilongwe.

The competition, organized by the Paul Katema Foundation, will have the finalists pitch their innovative business ideas before a panel of judges.

The winners will receive start-up capital prizes of K5 million, K2.5 million, and K1 million to help turn their ideas into viable businesses.

In addition to financial support, the prize package includes ongoing mentorship and capacity-building programs to equip the young entrepreneurs with skills for sustainable enterprise growth.

The three winners will be selected from ten national finalists, who were drawn from over 700 applications submitted by young people across Malawi.