TANZANIA Private Sector Foundation has challenged Tanzanian youth to use existing opportunities to prosper economically and turn the social problems around them into money minting businesses.
TPSF chairman Reginald Mengi, speaking at the award presentation ceremony for Eng Patrick Ngowi, in Dar es Salaam over the weekend, said: "I do advise other youths in the country to emulate Eng Ngowi."
He described the young billionaire as a good example of few young and courageous Tanzanians who struggle to achieve their respective dreams, notwithstanding the hardships they encounter.
Mr Mengi said the youths, if determined, could turn the difficulties they face at their localities into money minting opportunities as Mr Ngowi has demonstrated.
"Eng Patrick had a lot of challenges, only that he turned them into opportunities," he said, saying many youths lacked courage to start business and not capital as many claim.
TPSF Executive Director Godfrey Simbeye said the youthful entrepreneur has succeeded by turning his engineering profession into solar power technology business.
Eng Ngowi owns several companies that deal with the use and supply of solar power energy in East African countries.
Speaking at the event, Deputy Permanent Secretary in Prime Minister's Office Regina Kikulu said that the government was determined to create supportive environment for investment and business to prosper.
"Ngowi is one among the few entrepreneurs who have effectively utilized business environment to succeed," she said. In his words of thanks, Eng Ngowi said that it wasn't easy for him to achieve what he has today.
The owner of Helvic Group of Companies, with 12 million in 2011 and projected to grow to 20bn/- this year, Eng Ngowi has received over ten international awards from various international organisations.