Anzisha Prize Offers Young African Entrepreneurs $63,000 For Venture Growth

September 25, 2014 Niyi Aderibigbe Entrepreneurs

VENTURES AFRICA – Entrepreneurship is gradually gaining the desired attention in Africa as more funding avenues are emerging for young players across the continent, the latest being the Anzisha Prize Award, now in its fourth year.
Just last week, She Leads Africa doled out a $10,000 grant to the winner of its maiden business pitch competition, Cherae Robinson. Prizes worth thousands of dollars have now been given out by the Anzisha Prize, a partnership between African Leadership Academy and The MasterCard Foundation.
“Every year it gets harder to choose a winner,” said Josh Adler, Director for the Centre of Entrepreneurship at African Leadership Academy. “All of our finalists this year are shining examples of youth entrepreneurship – examples we hope will inspire teenagers across the continent to start and grow similar ventures.”
Koffi Assouan, Program Manager, Economic Opportunities for Youth, The MasterCard Foundation, added, “We are thrilled once again to be part of this
wonderful program and wish the grand prize winners every success as they invest the prize money to grow their businesses.”
22-year-old Cameroonian, Alain Nteff, founder of Gifted Mom project, an e-content platform for pregnant women in underserved areas, to help them have safe pregnancies and combat the lack of access and knowledge that has led to high mother and infant deaths in Cameroon won the grand prize of $25,000 at the event (2014 Anzisha Week) that took place from 18 – 25 September, where a panel of judges from across the entrepreneurial sphere convened to select the grand prize winners.
South African schoolbag manufacturer, Thato Kgatlhanye emerged first runner up and got a $15,000 business boost. Second runner up prize went to 17-year-old Ivorian farmer Gabriel Kombassere with $12,500 won to catalyze his venture growth.
East Africa is not left out of the business funding as 18-year-old Tom Osborn from Kenya received a special $10,000 energy prize award from Donors Circle for Africa, for his eco-fuel venture, Greenchar.

Anzisha Prize 2014 winners and finalists

Why they won
Nteff Alain founded the Gifted Mom project, an e-content platform for pregnant women in undeserved areas, to help them have safe pregnancies and combat the lack of access and knowledge that has led to high mother and infant deaths in Cameroon. Gifted Mom works with health providers and medical students to create profiles for pregnant women to send automated alerts that help them track antenatal care. Since starting his project, more than 200 medical students have been trained, 1200 pregnant women impacted resulting in a 20 percent increase in antenatal attendance rate for pregnant women in 15 rural communities.
Thato Kgathlanye (21) co-founded Repurpose Schoolbags that designs schoolbags made from up-cycled plastic shopping bags integrated with solar technology. Mini solar panels are encased in the bags, charging up during the day and transforming into light for learners to study after dark. She runs a factory in Rustenburg, South Africa where she employs eight women, has impacted the lives of over 120 children and taken major strides in reducing her carbon footprint through recycling over 10,000 plastic bags.
Gabriel Kombassere (17) founded Ribla Neda, an association seeking to eradicate starvation in his region. His principle is “We may be students but we can help our parents.” Having grown up farming from the age of eight, he invested in what came naturally by asking his uncle for a piece of land and started to grow maize and cassava. He employees four students and has 30 members in his organisation. Annually, he produces over 20 bags of maize and a cargo of cassava.
Tom Osborn (18) is founder of Greenchar, a clean energy project that produces charcoal briquettes and distributes clean cook-stoves throughout Kenya. It was started to fight deforestation and the health problems that result from smoke inhalation from charcoal. Greenchar coals are carbonized, producing long-lasting, high-energy and smokeless coals, made from revitalized agricultural forests. Tom was recently named an Echoing Green fellow.
The 12 finalists from which the elite entrepreneurs who won emerged, all received training from African Leadership Academy’s renowned Entrepreneurial Leadership faculty and engaged with industry leaders, mentors and engaged with change agents from across the continent.
The Anzisha Prize received 339 applications this year from 32 countries for Africa’s premier youth entrepreneurship award.