By Ethel M’banga
In a bid to foster economic growth and development, the National Youth Council of Malawi (NYCOM) has launched a groundbreaking initiative to support youth innovators.
With a staggering K2 billion National Youth Innovation Fund, NYCOM is providing grants to young entrepreneurs who are driving innovation in various sectors.
Recently, NYCOM presented cheques to innovators from Mchinji, marking the beginning of a new era in youth-led development.
According to Rex Chapota, NYCOM Executive Director, 85 youth-led innovations will be supported in the first phase of the program.
The focus is on building local industries and enabling innovators to sell their products in shops and export them to other countries.
One of the beneficiaries, Elizabeth Teleka, is a shining example of the impact of this initiative. With a grant of K11.9 million, Teleka will boost production of liquid fertilizer from animal waste and biogas.
This innovative approach will not only provide communities with affordable fertilizer but also offer a sustainable solution for energy generation.
Another recipient, Kuwala Eco Energy Initiative Limited, received K12.95 million to promote irrigation farming in the region.
The company supports farmers with seed capital and solar-powered irrigation systems, enabling them to embark on irrigation farming.
With this grant, Kuwala Eco Energy Initiative Limited will secure more equipment to support farmers, increasing productivity and food security in the region.
The NYCOM initiative is a game-changer for Malawi’s economic development.
By providing financial support to youth innovators, NYCOM is empowering the next generation of entrepreneurs to drive growth and development.
This program is not only creating opportunities for young people but also contributing to the country’s economic progress.
The impact of this initiative will be felt across various sectors, from agriculture to energy.
The focus on building local industries and promoting innovation will create a ripple effect, stimulating economic growth and development.
As NYCOM continues to support youth innovators, Malawi can expect to see a surge in innovative solutions that address pressing challenges and drive economic progress.
The launch of the National Youth Innovation Fund is a testament to the government’s commitment to empowering young people. President Lazarus Chakwera’s leadership in launching this initiative has set the stage for a new era of youth-led development.
As NYCOM continues to implement this program, Malawi can expect to see a brighter future, driven by the creativity and innovation of its young people.
The NYCOM initiative is a beacon of hope for Malawi’s economic development. By empowering youth innovators, NYCOM is unlocking the potential of the next generation of entrepreneurs.
As this program continues to unfold, Malawi can expect to see a new wave of innovation and economic growth, driven by the creativity and determination of its young people.
