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Garikai Dzvoma, the founder of Zimpricecheck, emerged victorious in the 2024 “Value Creation Challenge”, securing a total of US$13,000 in seed funding. He triumphed over 11 other finalists in this competition for budding entrepreneurs, held last Friday, reported the <a href="https://www.chronicle.co.zw/zimpricecheck-founder-scoops-us13-000-entrepreneurs-challenge-seed-funding/">Chronicle</a>.
Zimpricecheck is a platform that provides up-to-date information on prices of various goods and services in Zimbabwe, as well as information on both official and unofficial exchange rates for the Zimbabwean currency.
The Value Creation Challenge (VCC) is an initiative sponsored by Old Mutual Zimbabwe in partnership with the British Council and the British Embassy.
It aims to empower young entrepreneurs by equipping them with the skills needed to turn innovative ideas into successful ventures. This year’s event attracted 646 entries.
Among the 12 finalists, Tsepo Manganda’s Pured Agro Processors was recognized as the top performer in emerging industries, while Dzvoma’s Zimpricecheck won in the innovative technology section.
Tafadzwa Nengare of Nengare Incorporated was awarded the top performer in the creative industry section, and Innocent Chigiya’s Crystal Cred received the sustainability award. Tafadzwa Zhawari’s Charis Nutrition Consultancy was named the incubatee of the year.
Each top performer received US$6,500 in seed funding, while all 12 finalists were awarded US$1,500 each.
Speaking at the finale, Deputy Minister of Finance, Economic Development, and Investment Promotion, David Mnangagwa, emphasized the importance of entrepreneurship in shaping Zimbabwe’s economy. Said Mnangagwa:
<blockquote>
I’ve seen how entrepreneurship is transforming our landscape. Zimbabwe holds immense potential, and initiatives like the Value Creation Challenge are key to harnessing innovation for community and economic solutions.
VCC is in line with the National Development Agenda and financial inclusion, youth empowerment and job creation are all at the core of the Government vision for Zimbabwe’s future as outlined in Vision 2030.
The ministry’s contribution to the ecosystem is in the form of the National Venture Capital Company (NVCC) formed in 2021, whose aim is to assist SMEs and high-potential startups ensure funding and strategic partnerships.
t is our desire to collaborate with private sector players who have knowledge and expertise in this domain and development partners through platforms such as the VCC as we foster an enabling environment for innovators to thrive.
</blockquote>
Peter Vowles, British Ambassador to Zimbabwe said:
<blockquote>
Zimbabwe aims to achieve upper-middle-income status by 2030, while Britain seeks to become the fastest-growing economy in the G7 by 2029.
Both nations recognize that entrepreneurship is key to growth through investment in creative ideas, business development, and job creation. Supporting Zimbabwe’s economic growth is important to us.
Remember, you cannot function in isolation. The British Embassy is here to help you forge those vital connections.
</blockquote>
Other finalists who presented their innovative ideas included African Fruit Company, Capital Kreatives, Honeyscoop, Kitchen Gardens by Joy, KumbaCare, Robust 365, and Ruby’s Touch Designs.
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

Garikai Dzvoma, founder of Zimpricecheck, won $13,000 in a competition for young entrepreneurs. Zimpricecheck gives prices of goods in Zimbabwe and exchange rates. The Value Creation Challenge helps young entrepreneurs. The top performers got seed funding. The Deputy Minister of Finance said entrepreneurship is important for Zimbabwe's future. The British Embassy supports Zimbabwe's economic growth through entrepreneurship. Other finalists had creative ideas too. The competition is about investing in new ideas and creating jobs.

Zimpricecheck Founder Wins US$13 000 Entrepreneurs Challenge Seed Funding

Local economist John Robertson believes that Zimbabwe’s economic prospects are now brighter following the Reserve Bank of Zimbabwe (RBZ) decision to float the local currency last month.
Speaking at a meeting on the state of the economy organised by the British Council, Robertson said:
<blockquote>At last, our situation has started to look promising. We all know the uncertainties that we have been battling with for years.
We have had shortages of bread, cash, fuel and various imports, including job opportunities and everyone, has their list of which I can say that our lists are now shorter. In spite of that, I would still say our situation looks more promising anyway.
What has changed? Well, the government has decided to let market forces decide the exchange rate for what is our almost new currency with our virtual RTGS dollars . . . Stability is an important objective from so many points of view, that if it can be reached, it would be a very worthy achievement.
We still have a lot to do to improve, but stable conditions would encourage investment and investment is the most important prerequisite for job creation.
Price stability will encourage business expansion, the efforts needed to establish new markets, the resourcefulness needed to design better products and the courage needed to venture into new areas of business opportunity.
And job creation will alleviate poverty and poverty is one of the more serious problems right now.</blockquote>
<h4>Related:</h4>
<ul>
<li class="entry-title">
<h4><a href="https://news.pindula.co.zw/2019/03/14/rtgs-dollar-weakens-on-interbank-market/">RTGS Dollar Weakens On Interbank Market</a></h4>
</li>
</ul>
<h4>More: <a href="https://www.newsday.co.zw/2019/03/economy-looking-positive-but-lacks-stability-robertson/">Newsday</a></h4>

Economy Looks Brighter, But Needs Stability - John Robertson

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