McDan Foundation breaks ground for construction of modern shea nut factory
- Posted In : News , construction of a modern shea nut processing warehouse and factory in Nasia, Dr Daniel Mckorley, Executive Chairman of McDan Group of Companies, McDan Entrepreneurship Challenge, McDan Foundation, Northern region
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Accra, July 23, GNA- The McDan Foundation breaks ground for the construction of a modern shea nut processing warehouse and factory in Nasia in the Northern region.
Mr Frank Oduro, the Head of the Foundation led the ceremony on behalf of Dr Daniel Mckorley, the Founder and Executive Chairman of McDan Group of Companies.
The Foundation will support the facility with a state-of the-art shea butter processing equipment and a Kia Truck.
The facility due to be completed in three months would cost GHc 550,000 and create over 100 direct and indirect employment for the youth in the community.
The facility is meant for Mr Alhassan Hamza Akoligo, a young entrepreneur who won the maiden Season One McDan Entrepreneurship Challenge in February 2020.
He took home the $100,000 coveted prize money beating nine other finalists to win the prize at the grand finale.
A statement from the Foundation copied to the Ghana News Agency in Accra said the gesture was part of the foundation’s corporate social responsibility to empower young entrepreneurs to scale up their business modules.
Alhassan Hamza Akoligo, a young entrepreneur who established Alkoh Shea Butter at Gambaga in the North East Region, has won the Season One of the McDan Entrepreneurship Challenge, taking home the $100,000 coveted prize money.
Each of the nine contestants received GH¢25,000.00 from McDan Foundation, established by Dr Daniel Mckorley, the Founder and Executive Chairman of McDan Group of Companies.
The statement quoted Dr Mckorley resolute support for the next generation of Ghanaian entrepreneurs to grow and expand their businesses.
He advised them to be determined, resilient and disciplined to accomplish their vision of becoming multi-million-dollar entrepreneurs.
He noted that bad attitudes and indiscipline could easily collapse budding businesses since research had shown that out of 100 small-scale enterprises only 10 succeeded in becoming multi-million-dollar ones.
Dr Mckorley entreated young entrepreneurs to be innovative and creative in their dealings to make headway in life and positively impact on the national economy.