Tag Archives: African startups

African and Entrepreneurial? You can Become the New US$100,000 Anzisha Prize Winner

Are you a proactive African entrepreneur who is also under 22? The Anzisha Prize program which is a partnership between African Leadership Academy and Mastercard Foundation has just launched the call for 2019 applications. This time around the program is looking for young enterprising Africans between the ages 15 and 22 with innovative social and business entrepreneurs.

Young entrepreneurs who apply will have the opportunity to win a share of US$100,000; connect to a global network of leaders and also receive business consulting support. The grand prize winner will win US$25,000, 1st runner-up will receive US$15,000 and 2nd runner-up will receive US$12,500.

With the launch of the 9th annual Anzisha Prize, the organisers look forward to celebrating the stories of successful entrepreneurship in Africa.

This is How Melissa Won

Melissa is a nursing graduate and the founder of INFIUSS, an online blood bank which has distributed over 3800 pints of blood across 28 hospitals in Yaounde, Cameroon. When she was chosen as a finalist, she was flown to Johannesburg for an all expenses paid business accelerator run by the African Leadership Academy. At the end of the programme, she had the opportunity to pitch her business to a panel of renowned judges. Melissa won due to her innovative business model that demonstrated the importance of job creation and scalability.

Melissa Bime_2018 Anzisha Prize winner-February 2019

Criteria

  1. You must be between 15 and 22 years old with an ID document or Passport to present as evidence. Anyone born before November 1, 1996 or after October 31, 2004 will not be considered.
  2. You must be a national of an African country with a business based in Africa for African customers/ beneficiaries.
  3. Your business must be up and running. The Anzisha Prize is not for great ideas or business plans – you must have already started, and be able to prove it! You have time to get started now and have tangible results to share before applications open.
  4. Your business, invention or social project can be in any field or industry (science and technology, civil society, arts as well as culture, sports, etc.). Any kind of venture is welcome to apply.
  5. Individuals who apply must be one of the founding members of a business (for example, 2 or 3 co-founders who started up the project together)

Applicants are equally advised that judging criteria requires them to show commitment to growing their venture into a job-creation engine with the ability to demonstrate their contribution to society.

All the criteria can be found on the Anzisha website at anzishaprize.org/apply. 

Download the application guide here: http://www.anzishaprize.org/application-guide/

You can apply through this link https://ala.submittable.com/submit/74d56b1e-4550-4016-80d5-cd50d64d145a/2019-anzisha-prize-applications-english

The application deadline is on 31 March 2019. Don’t miss out!

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Nominate A Startup for LBS Africa Club Accel Entrepreneurship Awards

Have you been thinking of new opportunities for your startup? The London Business School (LBS) Africa Club is launching their inaugural Accel Entrepreneurship Awards and you’re invited to nominate or put up your startup for the award. The target is mainly early-stage startups. If you fall into that category, apply now!

The Accel Entrepreneurship Awards aim to showcase emerging entrepreneurial talent from Africa to venture capitalists (VCs) and industry specialists.

The awards is happening this Spring in London and will see 3 top startups get a portion of £15 000. You have until 23 March to send your applications.

The top 3 winning startups will get a share of £15000 Accel Entrepreneurship Awards

For entrepreneurs to be eligible they must have a proof of concept or a minimum viable product.

In addition, applicants must be able to demonstrate interest in getting mentorship and ability to secure further funding for their ideas.

Entrepreneurs that make it to the top list will receive a fully sponsored trip to London in April where they will participate in a mentorship programme with London Business School members.

All the participants will get ready for their May pitch and present their enterprises in front of business professionals, industry experts and investors at the London Business School African Business Summit (LBS ABS). The winning team will be selected from the Summit.

Good luck to all the applicants.

Featured image: LBS Africa Club via Twitter

Apply Now for Google Launchpad Africa Accelerator

Calling all African startuppers to apply for Launchpad Africa. Google has launched launchedpad Africa– an acceleration program that matches the best African startups with the best of Google. This includes Google’s people, network, advanced technologies to help African startups build great products.

The launch of the acceleration program comes after the tech giant’s CEO Sundar Pichai announced in his visit to Lagos that Google would launch its first accelerator outside of the US.

It’s exciting time for African startups as this opportunity comes right in time where new tech hubs are being formed – From Kenya, Uganda, Nigeria and South Africa. Coincidentally, Google will be picking 10 startups set to start early next year in Lagos, Nigeria — from Ghana, Kenya, Nigeria, South Africa, Tanzania, and Uganda.

The focus for companies is now on pan-African collaboration and this would be an opportunity to bring entrepreneurs together across the Continent to work together.

Google-LaunchpadAfrica-TheGlowingColours-November 2017

If you’re wondering who the mentors would be, Google will select mentors from across Africa that can offer their time voluntarily.
Some of the mentors will be drawn from those that participated in Google’s weeklong bootcamps – Launchpad Start – run in Nairobi and Johannesburg, as well as in Lagos .

Google is now currently accepting applications for the first Launchpad Africa class, which will take place in Lagos, Nigeria starting in early 2018. For this first class, applications are open to tech startups that have already raised seed funding and are from Ghana, Kenya, Nigeria, South Africa, Tanzania, and Uganda.

You can now apply for Google Launchpad Africa accelerator here.

Google LaunchPad Program Details:

As part of the program, startups will receive:
• Equity-free support
• Access to Google’s engineers and intensive mentoring from over 20 teams
• Access to Silicon Valley experts and Africa’s top mentors
• Three months of workspace in Lagos
• PR training and global media opportunities
• Exposure though demo day events

Be Part Of The Africa 2017 Young Entrepreneur Day

All African promising entrepreneurs have been invited to register to attend the ‘Africa 2017 Young Entrepreneur Day’. This event is part of the Africa 2017 Forum held under the high patronage of H.E. Abdel Fattah Al Sisi on 7th to 9th December 2017 in Sharm El Sheikh, Egypt.

Africa2017-entrepreneurship-day

What should young entrepreneurs expect from that day: Connection with Africa’s brightest talent and most promising young entrepreneurs with investors, incubators, accelerators and some of the most established names in business across Africa.

Over 350 young entrepreneurs and established businesses are expected at Africa 2017’s Young Entrepreneurs Day (YED).

Date:  7th of December

Guest speakers: 

SACHA POIGNONNEC, Co-Founder and Co-CEO, Jumia
BEN WHITE, Founder, VC4Africa
ELIZABETH ROSSIELLO, Founder and CEO, BitPesa, Kenya
ISSAM CHLEUH, Managing Director, SUGUBA, Mali
ASHISH J. THAKKAR, Founder, Mara Group and Mara Foundation, Uganda
AHMED EL ALFI, Founder of Flat6Labs, Sawari Ventures and TATP, Egypt
REBECCA ENONCHONG, Founder and CEO, AppsTech, Cameroon

Guest speakers for Africa 2017 will include Rwanda’s President, H.E. Paul Kagame, who heads YouthConnekt and Smart Africa and Tony Elumelu, Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation.

Why you should attend:

  • Hear first-hand from experts
  • Attend specially designed workshops: Run by McKinsey, the London Stock Exchange Group, VC4Africa and
    others and get the support you need to take your business to the next level
  • Meet new partners who can help you transform your startup
  • Get the financing for your business: Through special Young Entrepreneurs Day initiatives such as the Deal Room, the Elevator Pitch session, and unparalleled networking opportunities
  • Engage with Africa’s leading CEOs and investors through out the rest of the summit

Links you need: Register | More Information | Brochure

 

These 15 Young African Entrepreneurs are Finalists for the Anzisha Prize 2017

15 young African entrepreneurs made it to the final stages for the Anzisha Prize 2017, Africa’s premier award for her youngest entrepreneurs. Run by the African Leadership Academy (ALA) in partnership with the Mastercard Foundation, the Anzisha Prize celebrates and cultivates the next generation of young African entrepreneurial leaders.

“We are excited by the number of young women finalists and thrilled that the prize is contributing to their economic empowerment,” Anzisha Prize associate Melissa Mbazo said. “The success of these women-led businesses will be accelerated by access to Anzisha’s financial and mentorship support.”

Koffi Assouan, programme manager for youth livelihoods at the Mastercard Foundation, said the calibre and diversity of finalists was improving each year.

“As the pool of Anzisha fellows continues to grow, so too does their impact and influence on local communities and economies,” he said.

Selected from 14 countries, nearly half of all candidates are young women representing sectors as diverse as clean energy, agriculture, waste recycling and youth empowerment.

For the first time, candidates from Angola, Liberia, Mauritius, and Sudan entered the competition.

The finalists will fly to Johannesburg to attend a 10-day entrepreneurial leadership bootcamp where they will be coached on how to pitch their business to a panel of judges for a share of US$100,000 worth of prizes and support.

AnzishaPrize2017-TheGlowingColours-August 2017_800x376

Meet The  finalists for the Anzisha Prize 2017:

  1. Ajiroghene Omanudhowo, 22, Nigeria: Ajiroghene is the founder of three businesses operating under the parent company 360 Needs. ASAFOOD delivers food to universities, ASADROP is a logistics company specializing in parcel delivery and Beta Grades helps students prepare for their exams by providing computer training.
  2.  Victoria Olimatunde, 15, Nigeria: Victoria is the founder of Bizkids which teaches high school students about financial literacy, savings, money management, and small-scale business management. Bizkids encourages young people to create jobs as entrepreneurs, not just seek jobs as employees.
  3. Dina Mohamed Ibrahim, 22, Egypt: Dina is one of the founders of Metro Co-Working Space, which rents work spaces to entrepreneurs and provides workshops and resources from them to thrive.
  4. Edgar Edmund, 17, Tanzania: Edgar is the founder of GreenVenture Tanzaniawhich recycles plastic waste into cheap and affordable building products like paving blocks. GreenVenture helps people build houses while promoting environmental sustainability.
  5. Fadwa Moussaif, 22, Morocco: Fadwa is the founder of Boucharouette Eco Creation (B.E.C.)which empowers local women to become independent by using quality fabrics to revive the art of Boucharouette rug-making.
  6. Gerald Matolo, 20, Kenya: Gerald the founder of Angaza Africa Technologies, which makes briquette-machines, solid waste carbonization kilns, and processes biomass briquettes.
  7. Ibrahima Ben Aziz Konate, 22, Cote D’Ivoire: Ibrahima is the founder Poultry d’Or, a company that processes and distributes poultry products and agro-foods the same day.
  8. Ignatius Ahumuza, 21, Uganda: Ignatius is one of the founders of Art Planet Academy, which provides practical agriculture training in schools. Art Planet creates and innovates climate-smart farming technologies, tests them at demonstration farms and incorporates them into a practical agriculture training curriculum.
  9. Jessan Kumar Persand, 22, Mauritius: Jessan is the founder of Crab Aquaculture Project (Jessan Seafood), a business that breeds and raises crabs. Jessan produces about 2,000 crabs per month which are sold to hotels and restaurants.
  10. Maemu Lambani, 21, South Africa: Maemu is the founder of Fearless Trendz, a digital marketing agency whose aim is to transform growing and local businesses into global brands by using social media.
  11. Moonga Chowa, 22, Zambia: Moonga is the founder of Chilimba, a mobile platform that works on any mobile phone and allows savings groups to manage their contributions in an efficient and transparent manner, enabling them to migrate to safer digital money.
  12. Rebecca Andrianarisandy, 20, Madagascar: Rebecca is the founder of GasGasywhich supplies affordable, environmentally-friendly and sustainable bio-fertiliser made in Madagascar for Malagasy people. It is easier to spray on crops because it is liquid fertilizer. GasGasy acts as an insecticide and is gentle on the soil.
  13. Satta Wahab, 21, Liberia: Satta is founder of Naz Naturals, a Liberian cosmetics company that creates organic hair care products from unrefined shea butter and empowers young girls and women to feel beautiful and confident with their natural hair.
  14. Thowiba Alhaj, 20, Sudan: Thowiba is one of the founders of Work Jump-Up Sudan, an organisation that intends to empower university students by linking them with job opportunities. Their primary activity is to search for potential employers and encourage them to offer students part-time jobs.
  15. Vicente Zau, 19, Angola: Vicente is the founder of Vicente News Company, an online platform that aims to promote African music, mainly Angolan music, across the continent to encourage the growth and development of African music in foreign countries.Image credit: Anzisha Prize 2017

Application Open to $10k Africa Finance & Investment Forum (AFIF) Entrepreneurship Award

Applications are now open to the Africa Finance and Investment Forum (AFIF) Entrepreneurship Award 2017, offering African-based startups a financial contribution of US$10,000 for a project of good impact.

The 2017 edition of Africa Finance & Investment Forum and to empower sustainable development and economic growth, innovation and entrepreneurship in Africa, AFIF Entrepreneurship Award 2017 will be given to African startups as an offering of financial contribution and exposure / visibility to African Small Business Enterprises making an impact.

Application Deadline: 19th December, 2016

Eligible Countries: African countries

To be taken at (country): AFIF 2017 will be hosted by the Strathmore University (Nairobi)

About the Award: AFIF 2017 will attract over 300 delegates from all over Africa, Europe, America and Middle East. A pre-conference training will be held on “A Road-map for Entrepreneurship Growth” (13th -16th February 2017). The training will be addressed exclusively to AFIF 2017 participants and will be divided in two linguistic groups (English and French).

A special emphasis is laid on entrepreneurship and innovation especially on access to finance in key sectors such as energy, water, ICT, health and agriculture.  What role will Africa play int he 4th industrial revolution? Questions like this will be addressed in AFIF 2017. The 2015 award winner was Lazaro Mwakipesile, founder of Raphael Group Tanzania,who specialise in food grains processing and distribution.

“The AFIF Entrepreneurship Award aims to spotlight leading innovation private sector projects happening today in Africa. This is the moment when entrepreneurs can showcase their remarkable achievements, where partners and participants get to know about outstanding projects which are pushing boundaries in their community and country and where other entrepreneurs can be inspired and receive much-needed know-how,” says Inês Bastos, senior project manager at EMRC and head of AFIF 2017.

Type: Entrepreneurship

Value of Program: The prize will be given to an existing African small-medium business, who will receive a US$10.000,00 cash prize, year-long media promotion support in and out of Africa, free participation in the AFIF 2017, including the pre-conference Training.

Duration of Program13 February 2017 – 16 February 2017

How to Apply: Application must be sent to EMRC (sa@EMRC.be) by December 19th, 2016.

Visit Program Webpage for details

Award Sponsor: Rabobank Foundation.

Cape Town Venture Capital Firm to Invest $10m into South African, African startups

Silvertree Internet Holdings a venture capital firm which is based in Cape Town has announced a US$10-million investment for South African and African startups in 2016.

The pan-African tech investment firm and incubator claimed it recorded 330% growth per annum revenue for its startups as of 2015.

The firm has invested in startups like Faithful to Nature, Click n Compare, WineCo and more recently We Are Monsters and PriceCheck.

Silvertree together with entrepreneur Kevin Tucker bought the popular price-comparison website, PriceCheck, from global media giant Naspers for an undisclosed sum last year.

Kevin Turker confirms that PriceCheck is expanding its shop listings by including group companies and also aggressively targeting new shops. The company is already active in Nigeria and African countries and now plans to push into new markets alongside PriceCheck’s new sister company, Click n Compare.

Silvertree has previously announced a month-on-month revenue growth of over 10%, and even as much as 40% monthly for some ventures.

“Our meteoric growth in 2015 has been driven by execution-focused delivery across all of our portfolio companies, as well as a number of company acquisitions that are already delivering positive returns,” according to Silvertree co-founder Manuel Koser.

“Our job now is to build on this momentum to maintain our aggressive growth trajectory and cement our dominance in the African ecommerce and price comparison markets,” adds Koser.

Silvertree co-founder Peter Allerstorfer reveals that Silvertree is not an incubator nor a VC. Instead, it’s a “business of building businesses, through accelerated, highly targeted investment and growth strategies, with proven businesses.”

Silvertree Internet Holdings operates an owner-operator model which targets on scaling tech and commerce companies across small, fast growing niches. In 2015, it invested US$5-million in acquisitions and business building.

US$10-million will be allocated to fulfill new investments in 2016 through Silvertree Capital.

“Through our operations across the continent, we are seeing first-hand that the African consumer market creates leapfrog tech opportunities that our portfolio companies, with their expertise and deep understanding of their markets, are poised to capitalise on and grow,” explains Silvertree co-founder Paul Cook.

Photo via Kpmg