Mandela SS qualifies for regional finalists National Schools Championship business competition

Mandela secondary school, Hoima. (Courtesy photo)

Mandela Secondary School, Hoima has been selected as one of the two finalists from western region who will now move to the next stage of the competition to race for the top three places in the 2022 National Schools Championship business competitions organised by Stanbic Bank Uganda.

The school was announced together with Kyebambe Girls of Tooro. The finale takes place in July.

The winners were picked from the four competition categories involving new schools (Startup Challenge,) schools with existing businesses (BizGrow Challenge), alumni (AlumGrow Challenge) and teachers (TeachGrow Challenge).

All the semi-finalist schools received seed capital of Shs4m following the selection by a panel of judges after going through a one-week boot-camp at Gayaza High School.

Up to this stage of the competition, the students and teachers have undergone a series of trainings on business planning, financial literacy, sales and marketing and presentation skills.

The finalists were picked from four regions of Uganda including Western, Northern, Eastern and Central after presenting their business plans categorised in different sectors cutting across agriculture, ICT and manufacturing.

Ms Cathy Adengo, the Head of Sustainability at Stanbic Bank said the finalists and all the other participants showed their resourcefulness, enthusiasm and team spirit.

“As an annual event, the championship gives a chance to participants to keep thinking and refining their ideas as the bank supports them to realise their dreams,” Ms Adengo said.

Mandela SS, Hoima – western Uganda regional winners receive a dummy cheque of Shs500,000 for seed capital.

Stanbic Bank Uganda Executive Director, Mr Emma Mugisha, said, “In line with our current brand campaign ‘You are One Step Closer’, we believe that education institutions are the best places to maximise practical sessions that enable students to attain useful skills and achieve their entrepreneurial dreams.”

Adding: “The boot-camp is not only a skilling session but avails networking opportunities that is a pre-requisite in the world today. The ideas presented speak to the sustainable development goals and feed into the planet, people and community needs; we are teaching these children and communities how to do business sustainably which also speaks to what we want to achieve as a bank.”

Launched in 2016, the National School Championship has impacted 300,000 students; 1,000 teachers have gone through the trainings, 2,000 business ideas have been generated with slightly more than 500 businesses being on the ground.

The overall theme of the National School Championship is ‘Empowering the job creators of tomorrow’ with the 2022 tagline being ‘I can do it.’

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