Popular Foundation Doles Out Whooping Sum To Entrepreneurs

All is set for Nigerian and other African countries business men and women to win the $1.5 million grant earmarked by the Jack Ma Foundation as Africa’s Business Heroes” (ABH) prize competition.

The ABH prize competition was a key flagship of the Jack Ma Foundation’s philanthropy, spotlighting and celebrating Africa’s entrepreneurial talent.

The programme recently invited entrepreneurs from all 54 African countries, across every sector, age group, and gender to submit applications in either French or English, for a chance to become one of the top 10 finalists and eventual beneficiaries.

According to a press statement: “At the grand finale later this year, 10 finalists would take the stage to present their businesses to a panel of business legends to win a share of the $1.5 million grant.

In the statement, the official slogan of the competition, “It’s African Time”, was described as a bold call to action to all talented African entrepreneurs challenging stereotypes associated with “African time” and creating local impact and building a better, more inclusive future through their businesses.

This would be the third episode series of the ABH.

Reportedly, the journey to the finale would 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.

“Today also marks the television premiere of the 3-episode series for the ABH 2021 competition. The show follows the journeys of the top 10 finalists from 2021 as they geared up for the grand finale. The show aims to provide a masterclass in entrepreneurship, as audiences can see first-hand how the top entrepreneurs from across Africa refined their final pitches and faced tough questions from legendary business figures,” the statement enlightened.

Commenting, Founder, PraxiLabs, Khadija Mohamed Elbedweihy said: “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.”