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SLB Entrepreneurship Support Competition winners named
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STANDARD Lesotho Bank (SLB) yesterday awarded eight businesses a share of M600 000 for winning its Covid-19 Entrepreneurship Support Competition.
The winners, who are in different sectors such as agribusiness, retail and service categories shared M600 000 in capital grants intended to help them mitigate the impact of the Covid-19 pandemic.
The winners are Denim Printing (M75 000); Mofoka Agri-Projects (M45 000); Falimehang General Dealer (M100 000); Bataung General Dealer (M50 000); Sibusiso Poultry Farm PTY LTD (M90 650); Hair Lounge and Beauty Clinic (M90 921); Sekamane Farming (M60 000) and Chembi PTY LTD (M50 000).
SLB acting head of marketing and communications Manyathela Kheleli said the competition was launched to lend a hand to businesses that are fully Basotho owned that have been negatively impacted negatively by Covid-19 to ensure they keep their businesses opened.
SLB Entrepreneurship Support Competition winners named lestimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lestimes.com Daily Mail and Mail on Sunday newspapers.
By Ntsoaki Masoto
MASERU
Standard
Lesotho Bank (SLB) awarded 8 winners of the Covid-19 Entrepreneur Support
Competition a total of M600 000 in prize money that
is intended to boost their businesses to mitigate the impact of the Covid-19
pandemic.
According
to the press statement released by SLB, the competition was launched on
September 17
th as a response intended to boost businesses to alleviate
the impact of the Covid-19. The winners were in the sector of agribusiness,
retail and services categories.
The
bank also launched this competition to lend a helping hand to assist Basotho
owned businesses that have been impacted negatively by the pandemic in order to
Eight businesses win big
MASERU-EIGHT businesses have won the Standard Lesotho Bank Covid-19 Entrepreneur Support Competition which was launched on September 17.
The winners shared M600 000 in prize money.
The money will be used to boost their businesses and mitigate against the impact of the Covid-19 pandemic.
Denim Printing in Maseru won M75 000, Mofoka Agri-Projects won M45 000, Falimehang General Dealer won M100 000 and Bataung General Dealer won M50 000.
Meanwhile, Sibusiso Poultry Farm (Pty) Ltd from Butha-Buthe won M90 650, Hair Lounge and Beauty Clinic won M90 921, Sekamane Farming from Berea won M60 000 and Chembi (Pty) Ltd won M50 000.
The bank launched the competition to help Basotho-owned businesses that have been negatively affected by Covid-19 in order to ensure that they keep their businesses open.