Gospel musician Gwamba is set to embark on a youth entrepreneurship project by empowering youths with a start-up business capital of K100 000.
In an interview, the artist said his objective is to help youths who are transitioning into self-sustainable stage but have no steady source of income. He said he knows the challenges that fellow youths face.
“We have so many youths who possess good academic qualifications but are yet to get a chance of employment, neither do they have a capital to start a business,” he said.
Gwamba said he has set aside K2.5 million for the project.
The singer and composer said the names of the panel of judges will be announced during the first session on Thursday (Today). Gwamba has previously been involved in charity such as donatind to orphanages and children homes as well feeding street children.
The mode of selecting beneficiaries of the initiative will be through answering the question: What business can you do with K100 000? Through his Facebook platform, the hip-hop artist, with the help of the panel of business experts, will shortlist three best ideas.
Fans will then be allowed to vote for the best of the three shortlisted ideas. The initiative is set to run from July 15 to December 30 during which time 25 young Malawians aged between 16 and 35 will each be rewarded with K100 000.
Gwamba said the sessions to identify the beneficiaries will take place every Thursday between 7pm and 8.30pm.