6 Nigerian enterpreneurs have been shortlisted among top 50 finalists in the 2020 Africa’s Business Heroes (ABH) prize competition, a flagship philanthropic program established by the Jack Ma Foundation’s Africa Netpreneur Prize Initiative (ANPI).
The fifty entrepreneurs will continue their journey in the competition, for a chance to become one of the ten entrepreneurs that will compete in the grand finale later this year.
The top 50 finalists were selected from a pool of over 22,000 applications received from all 54 African nations. The diversity of the finalist roster reflects the aim of Africa’s Business Heroes to be inclusive and grassroots, providing entrepreneurs from all over Africa with a platform to showcase their talent and business ideas, regardless of nationality, industry, age or gender. The 2020 top fifty finalists come from twenty-one countries (Algeria, Benin, Botswana, Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Egypt, Ethiopia, Ghana, Kenya, Liberia, Morocco, Mozambique, Namibia, Nigeria, Senegal, South Africa, Tanzania, Tunisia, Uganda, Zimbabwe) and eighteen sectors, such as: agriculture, AI, Big Data, business services, construction, education, engineering, e-commerce, fashion, financial services, healthcare, ICT, logistics, manufacturing, management services, retail, renewable energy, and transportation.
The selected Nigerian entrepreneurs are:
- Adeyinka Tekenah, Happy Coffee
- Chinedu Azoodoh Metro Africa Xpress
- Faith Adesemowo Social lender
- Ifeoluwa Olatayo Soupah Farm-en Market Limited
- Oluwasogo Oni MDaaS Global
- Olajide Ayegbusi Edusko Africa
Before stepping into the second round of selection, which will determine the top 20 finalists, the fifty selected entrepreneurs will be invited to join an exclusive virtual boot camp hosted by the Africa’s Business Heroes team on July 28th. The boot camp represents a further opportunity for aspiring candidates to access unparalleled knowledge and insights from across the ABH network. It also aims to build up finalists’ management and leadership capabilities and ultimately increase not only their chance of progressing to the next stages of the competition but to further develop as entrepreneurs.
During the boot camp, they will have the chance to receive feedback from round 1 judges such as Rafeh Saleh, Director of the Founder Institute and Omolara Awoyemi, Senior Program Manager at Facebook. Participants will also have the opportunity to attend interactive workshops with industry and business leaders, who have been partnering with ABH this year, including Abdelhameed Sharara, Founder & CEO of RiseUp; Patrick Awuah, Founder & President of Ashesi University, and Sebastien Nony, General Partner of Janngo Capital. It will also feature a few of the 2019 finalists who will provide advice and insights on their own journeys.
The selection process to spotlight the 2020 Africa’s Business Heroes finalists will continue throughout the summer. Following round 2 interviews and the semi-finale pitch, the top 20 and top 10 finalists will be announced in August and September respectively. ABH will culminate in a grand finale show later this year, where the top 10 finalists will take the stage to pitch business legends – including Jack Ma – for a chance to win their share of a US$1.5 million prize pool.
A number of round 1 judges commented on their experience with Africa’s Business Heroes, noting:
“I am thrilled to have served as a judge for the Africa’s Business Heroes competition. It’s been an honour to help identify business heroes from Africa that are genuinely committed to changing the game in their respective industries. In these challenging times, getting to discover how the ABH applicants manage to turn challenges into opportunities, with a real sense of purpose and dedication to improve the conditions of people in their communities strengthens my belief in the promise of entrepreneurship in Africa.” said Isadora Bigourdan Bryden, Team Lead at Agence Française de Développement.
“Driven by the spirit of entrepreneurship, the tangible benefits of social good, and a strong sense of community pride, this startup competition is special – showcasing many promising ideas and a diverse group of African startups. It’s been inspirational to see these founders, deeply rooted and passionate, create change in their world.” commented Triane Chang, Silicon Valley Startup Advisor.
“It is truly heartwarming to see that so many young entrepreneurs are working passionately to drive high-impact social projects across the African continent. The judging process was not an easy task as all participants submitted very high-quality applications with compelling business propositions. As the competition progresses, I look forward to following the finalists’ journey and how they will use their talent and skills to generate positive change in their communities and beyond.” added Firas Ezzeddine, Manager, Group Strategy at Philips.