Finance

African entrepreneurs to benefit from Jack Ma’s $1.5m grant

African entrepreneurs to benefit from Jack Ma’s $1.5m grant

Ten outstanding entrepreneurs from across Africa will share a $1.5m grant courtesy of the “Africa’s Business Heroes” prize competition.

According to a statement, the Africa Business Heroes is one of the Jack Ma Foundation’s flagship philanthropic programmes spotlighting and celebrating Africa’s entrepreneurial talent.

The statement added that the annual grant had been opened for applications for its fourth annual edition and can be accessed via (https://bit.ly/3Ngq1rT).

It read in part, “Entrepreneurs from all 54 African countries, across every sector, age group, and gender are now able to submit their applications, in either French or English, for a chance to become one of the Top 10 finalists.

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“The official slogan of the competition, “It’s African Time”, is a bold call to action to all talented African entrepreneurs who are challenging stereotypes associated with “African time” – creating local impact and building a better, more inclusive future through their businesses.

“At the grand finale later this year, 10 finalists will take the stage to present their businesses to a panel of business legends to win a share of the $1.5m grant. The journey to the finale will also include access to a community of international leaders and innovators, industry experts, investors, and accelerators, as well multi-disciplinary boot camps and training sessions to help the finalists take their businesses to the next level.”

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The statement quoted the Founder, PraxiLabs, who was a winner at the 2021 edition of the event, Khadija Mohamed Elbedweihy, as saying, “I was beyond proud to have been named the winner of the 2021 ABH competition. I hope that my win inspires many people across Africa to feel that they can make a difference and be impactful.  I learned so much throughout the competition and will take those learnings to continue growing PraxiLabs. We will remain focused and determined to change how Africa learns and teaches science, one virtual lab at a time.”

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ABH is part of the Jack Ma Foundation’s long-term commitment to help support and foster an inclusive and strong Africa’s entrepreneurial ecosystem. Over a 10-year period, ABH will recognize 100 African entrepreneurs.

Punch

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