Akili Ya Pesa Challenge sees immense entrepreneurship in Temeke for youths 

*30 winners to get entrepreneurship education, top 3 cash prizes 

Temeke, Dar es Salaam, 12th July 2022

 Over 500 young women and men aged 18 to 35 years, mostly with micro business and grand dreams have signed up to participate in a grand business audition, specifically for Temeke Municipality.

 The money and wealth mindset  promotion budded Akili Ya Pesa Challenge, chief judge, Maida Waziri, in a press statement said youths who have started business no matter how small need to be recognised and promoted. 

The challenge for Temeke Municipality will take place on 15th July 2022. According to Maida Waziri,  Akili Ya Pesa Challenge is a social project dedicated to increasing the take up of entrepreneurship by young Tanzanians who comprise the majority population.  “We seek to change youth behaviour to be pro entrepreneurship proactively,” she said. 

The project plans to reach youths in Temeke Municipality, with entrepreneurship education, financial literacy and inspiration to take up entrepreneurship and create jobs. 

 “In looking for Temeke, we also want to highlight business/ investment/ entrepreneurship opportunities in the areas,” she noted.    

Leaders in Temeke led by Temeke District Commissioner Madam Jokate Mwegelo  and also the Mayor Hon. Abdallah Said Mtiliki  has been very passionate about youths in the area and offers a very conducive environment for youth business growth and support.  

The young people in Temeke need to see the big picture, they are one of the oldest and one of the most vital municipalities for the overall development of Tanzania, they should take advantage and plunge into entrepreneurship, she said.

 Dr Donath R.Olomi,  the Chief Executive Officer of the Institute of Management and Entrepreneurship Development and also Akili Ya Pesa Challenge Judge, noted that “Akili ya Pesa is about money and wealth mindset that young people in Tanzania need to embrace. We need it for our nation to reach its economic growth goals and create employment for youths in big numbers.”

The top  3 winners of Akili ya Pesa Challenge- Temeke will collectively take home about 6 million and get mentorship opportunities to grow their business.  The trio will compete in a grand finale for the countrywide Akili ya Pesa Challenge. 

Akili Ya Pesa Challenge Uptake

Akili Ya Pesa Challenge is a social project dedicated to increasing the take up of entrepreneurship by young Tanzanians who comprise the majority population. We debuted on September 15 2020, and since then we have managed to engage over 100,000 youths in entrepreneurship via online channels, and over 5000 youths at diverse physical forums.    

This has proved our thesis right, that Tanzanian youths if provided with entrepreneurship and business knowledge, there would be more uptake in their starting and growing enterprises in all sectors of the economy.

Temeke Municipality

Temeke Municipality is a rich and historic municipality with huge contributions to Tanzania’s political, economic and social change. It was an epicentre of the independence of mainland Tanzania and has become a hub for economic, culture and sports development in the country.  

 The youth of Temeke Mind of Money Challenge, has a challenge, if you are a young man or woman from Temeke you can fight for your financial independence via the diverse and myriad opportunities in the municipality.

More information 

Karibu Akili Ya Pesa Challenge – Temeke,

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