{"id":28720,"date":"2021-05-11T16:24:27","date_gmt":"2021-05-11T16:24:27","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=28720"},"modified":"2021-05-11T15:17:38","modified_gmt":"2021-05-11T15:17:38","slug":"absa-co-sponsors-fintech-health-tech-youth-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/absa-co-sponsors-fintech-health-tech-youth-entrepreneurs","title":{"rendered":"Absa co-sponsors fintech, health tech youth entrepreneurs"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>ABSA Bank Tanzania yesterday announced youth entrepreneurial winners of the Wazo Challenge Tanzania Demo Day.<\/p>\n

The programme was managed and organised by Startup R\u00e9seau; an India-headquartered startup accelerator which kick-started its East Africa expansion with the inaugural edition of the \u2018Wazo Challenge Tanzania\u2019, announced in February this year.<\/p>\n

Wazo Challenge Tanzania focused on 5 thematic areas – Financial Services, Healthcare, Agriculture, Energy\/Utility and Education.<\/p>\n

As a part of the programme, Startup R\u00e9seau hosted a Venture Bootcamp, wherein 10 high-potential founders were selected for a 4-week venture mentorship and leadership development bootcamp, that was delivered by successful founders, industry leaders, domain experts and investors from Startup R\u00e9seau\u2019s global network.<\/p>\n

The Bank\u2019s Managing Director, Abdi Mohamed said at the event that Wazo Challenge Tanzania was based on 12 startups selected from an application pool of 150 startups which focused on 5 themes.<\/p>\n

Absa being the co-sponsor saw the need to support youth with innovative ideas which also aimed at impacting communities and bringing people\u2019s possibilities to life, and this at Absa we say is Africanacity.<\/p>\n

He said Absa Bank has a major role of being a force for good to the community and ensures that youth are highly supported considering there is a bright future in store for them and their daring spirit of making a business idea into reality marks \u2018the dream come true\u2019 for entrepreneurial footsteps in the business world.<\/p>\n

\u201cOur bank plays a big role in supporting enterprise development in the country and we ensure this impact flows down to the communities as we play a major role in the society by being a force for good. These youth will again set footprints in the business world as they aspire to not only expand from being just startups but to improving economies and adding value to the society,\u201d said Absa\u2019s Head of Marketing and Corporate Relations, Aron Luhanga.<\/p>\n

The one-month long venture development bootcamp operated from March – April this year having winners compete for a cash grant of 10,000 US dollars determined by the stage of startups, the founders\u2019 vision, uniqueness, market opportunities and clarity of business model.<\/p>\n

The grant money was disbursed as top-3 prizes of 5,000 US dollars (Kikoba App), 3,000 US dollars (Mipango App) and 2,000 US dollars (MedPack)<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. ABSA Bank Tanzania yesterday announced youth entrepreneurial winners of the Wazo Challenge Tanzania Demo Day. The programme was managed and organised by Startup R\u00e9seau; an India-headquartered startup accelerator which kick-started its East Africa expansion with the inaugural edition of the \u2018Wazo Challenge Tanzania\u2019, announced in February this year. Wazo Challenge Tanzania focused […]<\/p>\n","protected":false},"author":84,"featured_media":28719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6990,6991,711],"class_list":["post-28720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nAbsa co-sponsors fintech, health tech youth entrepreneurs - Tanzania<\/title>\n<meta name=\"description\" content=\"ABSA Bank Tanzania yesterday announced youth entrepreneurial winners of the Wazo Challenge Tanzania Demo Day. 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