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FESBC Vice President urges Eswatini entrepreneurs to participate as Commerce Minister launched $500,000.00 global competition.

Friday, 31st July, 2020

MBABANE: Eswatini entrepreneurs stand a chance of winning US$500 000 from the Global Entrepreneurs World Cup, Mancoba Khumalo, the Minister of Commence and Trade launched the national eliminations yesterday.

Speaking during the launch, Khumalo said the competition is open to all local entrepreneurs and the national winner will compete in the global final to be held in October for the grand prize of US$500 000. “This competition is in line with the Strategic Roadmap\'s Vision of facilitating export driven growth. We encourage Eswatini entrepreneurs to apply,” Khumalo said.

This life changing opportunity comes at a time where many businesses have been hit hard by COVID-19. Phumelele Motsa, the Board Chairperson of Global Entrepreneurship Network Eswatini said Emaswati must do their best to save businesses during this difficult times. “We must do our utmost best to save business amidst COVID-19. Many Small, Micro and Medium Enterprises fail during times of crises. The world cup stimulates creative thinking to adapt to the new normal,” said Motsa.

Reached for comment by this Swaziland News, Hezekiel Mabuza, the vice president of the Federation of the Swazi Business Community (FESBC) said Eswatini entrepreneurs must respond to opportunities like this one.

“This is a great opportunity for all business people in the country. We encourage Emaswati to utilise this, especially because the grand prize is in dollars. If we can bring this home, it would increase circulation of money in the country. The country would have innovative projects that would require expertise. The people involved in the project would be able to feed their families,” said Mabuza.

FESBC Vice President urges Eswatini entrepreneurs to participate as Commerce Minister launched $500,000.00 global competition.
Hezekiel Mabuza-Fesbc President