Top 50 Announced in Africa's Business Heroes 2021 Prize Competition

  
Africa’s Business Heroes (ABH)

Africa’s Business Heroes (ABH)


The Top 50 finalists chosen from 12,000+ entries, selected by a prestigious pool of 233 judges; 16 countries from Africa represented in the Top 50; 38% of Top 50 candidates are female entrepreneurs; 10% are Francophone; Top 50 finalists will progress to an ABH (www.AfricaBusinessHeroes.org) virtual boot camp and further judging. Top 20 to be announced in August.

Africa’s Business Heroes the flagship philanthropic programme for the Jack Ma Foundation in Africa, has announced the top 50 finalists for the 2021 ABH prize competition.

These 50 African entrepreneurs are in the running to win a share of USD 1.5 million in grant funding and will gain invaluable networking and learning opportunities throughout their ABH journey. Since applications closed in early June, a prestigious pool of 233 judges have been reviewing thousands of applications from entrepreneurs across every country in Africa.

During this first round, judges were looking for visionary entrepreneurs who are providing innovative, robust solutions to problems in their communities. They were focused on identifying passionate professionals that demonstrated an exceptional work ethic, financial sustainability and growth potential.

Jason Pau, Executive Director of International, Jack Ma Foundation noted, “in the face of incredibly difficult conditions over the past year, Africa’s entrepreneurs have shown incredible resilience and innovation. The top 50 of the 2021 ABH competition are a true testament to this, and we are excited to support these talented entrepreneurs as they continue to grow and generate positive impact.”

Sixteen countries are represented in the Top 50, 10% of which are Francophone. They include Botswana, Cote d'Ivoire, the Democratic Republic of Congo (DRC), Egypt, Eritrea, Ethiopia, Ghana, Kenya, Madagascar, Nigeria, Rwanda, South Africa, Tanzania, Togo, Uganda and Zimbabwe. Nigeria has the largest cohort with 12 in the Top 50. Women are well-represented, making up 38% of the Top 50.

There is an enormous diversity in the type of businesses, with sixteen different sectors represented including agriculture, beauty&wellness, construction, consulting, education, energy, environmental protection, financial services, F&B, healthcare, ICT, logistics, manufacturing, media&entertainment, retail and transportation.

From here, the Top 50 will participate in an ABH virtual boot camp to engage with and learn from business leaders as well as previous ABH winners. The boot camp will prepare them for the next round of interviews with the Round 2 judges, after which the Top 20 will be identified and announced in August. The Top 10 will be announced in late September, before they go on to the grand finale where they will pitch live to global business legends and secure their share of the USD 1.5 million prize pool.

For more information on the 2021 Top 50, please visit the dedicated section (http://bit.ly/2VU4xKX) on the ABH official website. To join these dynamic and inspiring entrepreneurs on their ABH journey, visit www.AfricaBusinessHeroes.org or follow on Twitter (http://bit.ly/3rtCFsP), LinkedIn (http://bit.ly/3rqf9Nn), Instagram (http://bit.ly/3rx3w7y), or Facebook (http://bit.ly/3x0VeGc).

Distributed by APO Group on behalf of Africa’s Business Heroes (ABH).

Press Contacts:
Holly Zhao                                                                                                                            
(+1)5054693316
holly.zhao@alibaba-inc.com        

Miriam Forte 
(+44)7534247780 
m.forte@alibaba-inc.com

About Africa’s Business Heroes:
The Africa’s Business Heroes prize competition is the flagship philanthropic initiative spearheaded by the Jack Ma Foundation, aimed at supporting and inspiring the next generation of African entrepreneurs across all sectors, building a more sustainable and inclusive economy for the future of the continent. Over a ten-year period, ABH will recognize 100 African entrepreneurs and commit to allocating grant funding, training programs, and support for the development of an entrepreneurial ecosystem. Each year, the ABH prize competition and show will feature ten finalists as they pitch their business to win a share of $1.5 million in grant money. Jack Ma, Founder of Alibaba Group and the Jack Ma Foundation, created the prize after he made his first trip to Africa in 2017 and was inspired by the energy and entrepreneurial potential of the young people he met.

Send us your press releases to pressrelease.zawya@refinitiv.com


© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases