Zambia’s first tech and innovation hub, BongoHive, in partnership with the U.S Embassy, has announced the commencement of a six months finance bootcamp for Zambian entrepreneurs to help them overcome difficulties they face in accessing funding.
During the bootcamp, the participating entrepreneurs will be part of series of workshops anchored by American business experts.
“Promoting entrepreneurship among Zambians is part of the U.S. Mission’s commitment to partnerships for economic growth in Zambia. We hope that the program’s diverse group of innovative Zambian entrepreneurs will have an opportunity to learn more about strategies of sourcing financing and how they can further grow their businesses,” said Eric Schultz, United States Ambassador to Zambia.
Sharing his sentiments, Co-Founder and Executive Director of BongoHive, Mr. Lukonga Lindunda said, “The entrepreneurial ecosystem in Zambia has been developing at a tremendous pace over the past few years and initiatives like this boot camp have been vital in the instigation of the positive changes we’ve witnessed,”
He added, “Although we still have work to do, cross-sector collaborations like this boot camp are delivering tremendous value to the Zambian change-makers of tomorrow.”
The bootcamp, which is a follow-on to the inaugural 2015 Zambia Entrepreneurship Summit organized by the U.S. Embassy in partnership with the WECREATE Zambia Centre, commenced on May 9, 2016 and will come to an end in October 2016.
The bootcamp is also a follow-on to the six-month Social Entrepreneurship Bootcamp of 2015 organized by the U.S. Embassy and BongoHive.
Through these boot camps, the U.S. Mission in Zambia hopes to address the challenge of access to finance and capital that many local entrepreneurs face.