Top 50 Entrepreneurs Unveiled In Africa’s Business Heroes 2021

By Soko Directory Team / Published July 22, 2021 | 8:10 am




KEY POINTS

The 50 African entrepreneurs are competing to win a share of USD 1.5 million in grant funding and will gain invaluable networking and learning opportunities throughout their ABH journey.


Leader

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

The 50 African entrepreneurs are competing 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 has 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 percent of which are Francophone. They include:

  1. Botswana
  2. Cote d’Ivoire
  3. Democratic Republic of Congo (DRC)
  4. Egypt
  5. Eritrea
  6. Ethiopia
  7. Ghana
  8. Kenya
  9. Madagascar
  10. Nigeria
  11. Rwanda
  12. South Africa
  13. Tanzania
  14. Togo
  15. Uganda
  16. Zimbabwe.

Nigeria has the largest cohort with 12 in the Top 50. Women are well-represented, making up 38 percent 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.

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 going 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.

Read More: More Than 2 Million Kenyans Have Lost Their Businesses In 8 Months





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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