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Foundation launches Africa’s Business Heroes competition

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 The Jack Ma Foundation has officially launched the second edition of Africa s Business Heroes ABH prize competition Jason Pau Senior Advisor for International Programmes Jack Ma Foundation made this known in a statement in Lagos on Monday Pau noted that applications were now open to African entrepreneurs from all 54 African countries and available in both French hellip
Foundation launches Africa’s Business Heroes competition

NNN: The Jack Ma Foundation has officially launched the second edition of Africa’s Business Heroes (ABH) prize competition.

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Jason Pau, Senior Advisor for International Programmes, Jack Ma Foundation, made this known in a statement in Lagos on Monday.

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Pau noted that applications were now open to African entrepreneurs from all 54 African countries and available in both French and English.

He said the ABH prize competition and show is organised by the Africa Netpreneur Prize Initiative (ANPI) and the Jack Ma Foundation’s flagship philanthropic programme in Africa.

The Nigeria News Agency reports that ANPI is the flagship philanthropic initiative spearheaded by the Jack Ma Foundation.

It is aimed at supporting and inspiring the next generation of African entrepreneurs across all sectors, who are building a more sustainable and inclusive economy for the future of the continent.

He recalled that ABH  made its debut last year and aims to identify, support and inspire the next generation of African entrepreneurs who are making a difference in their local communities, working to solve the most pressing problems and building a more sustainable and inclusive economy for the future.

“Every year, 10 finalists will be selected to compete in a finale pitch competition show that will be broadcast online and across the continent.

“At this year’s grand finale, all 10 finalists will share a prize pool of 1.5 million US Dollars, up from 1 million US Dollars last year, as well as gain access to the ANPI community of business leaders to leverage the community’s shared expertise, best practice, training and resources.

“Last year, the prize received nearly 10,000 applications from 50 African countries; 2019 top 10 finalists pitched their business ideas to a prominent judging panel during a televised grand-finale show in Accra, Ghana.

“The finalists represented a variety of industries – including cloud kitchens, tech agribusiness, healthcare and pharma, e-commerce, consumer goods, and water supply solutions,“ he said.

Pau said more entrepreneurs with courage, initiative and vision were needed to do what they do best, especially to solve problems for the society.

“With the prize competition, we are looking to inspire and reward African business heroes in all sectors and encourage any aspiring applicants to seize this opportunity to break through barriers and create hope for the future,’’ he said.

Temie Giwa-Tubosun, a Nigerian and Founder, LifeBank, who won the prize of the ‘African Business Hero’, said the programme had assisted her to expand her business across the country.

“It was an incredible honour to be named Africa’s Business Hero last year. The Prize enabled me to expand to multiple states in Nigeria and become a truly pan-Nigerian business, and I was truly inspired by my experience and by all my fellow winners.

“I  am looking forward to serving as an Ambassador for this year’s prize and to seeing the next group of entrepreneurs come forward to showcase the best of Africa’s entrepreneurial spirit and strength,” Giwa-Tubosun said.

He noted that global leaders Graca Machel, Chair of the Graca Machel Trust Board and Ban Ki-moon, Former UN Secretary- General and Co-chair of the Ban Ki-moon Centre for Global Citizens served on the ANPI Advisory Board.

Pau said in 10-year period, the ANPI would recognise 100 African entrepreneurs and committed to allocating 100 million US Dollars in grant funding, training programmes, and support for the broad African entrepreneurial ecosystem.

This year, ANPI will work with a select group of Anchor Partners, including Ashesi, Dalberg, Janngo and RiseUp to identify and support African entrepreneurs.

ANPI will also partner with Pulse Africa to highlight stories of African entrepreneur heroes.

Pau said applications would commence online from April 6 to June 9, 2020, with semi-finalists to be announced in August, while the top 10 finalists for 2020 would be unveiled in September.

Edited By: Adeleye Ajayi
(NAN)

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