Africa Awards for Entrepreneurship

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Africa Awards for Entrepreneurship (AAE) is a competition sponsored by the African Leadership Network (ALN), which has been running since 2007 and is endowed with 200,000 US dollars . The award is given to companies or institutions based in an African country that stand out due to special innovation or special social commitment.

description

The company is sponsored by the philanthropic company Omidyar Network, founded in 2004 by eBay founder Pierre Omidyar . With its support, more than $ 290 million in funding has been exchanged between for- profit companies and non-profit organizations in the first seven years, promoting economic progress and individual participation across multiple investment areas, including microfinance, property rights, government transparency and social media is made possible. Malik Fal, Managing Director of Omidyar Network said of the award winners:

“ We honor each of the finalists for their determination, courage and impressive achievements. Their stories embody our search for success stories in Africa that are crucial for the inspiring and therefore the next generation of entrepreneurs on the continent. Omidyar Network is strongly committed to strengthening Africa's entrepreneurial ecosystems in order to achieve our mission of realizing positive social impacts in the world. The Africa Awards are important for building a robust corporate culture here in Africa; the number, quality and diversity of market participants alone shows the immense potential of entrepreneurship to bring about the long-term development of Africa. (Translation)"

Price categories

The prizes are awarded in five categories:

  • Lifetime Achievement Award Honoring a company's lifetime achievement and its corporate culture .
  • Transformational Business Award . Honoring distinguished business leaders who have made a significant socio-economic impact in Africa by building businesses with sales of more than $ 50 million. Awarded in 2013 to Interswitch Limited, Nigeria , for the establishment of financial services between governments, banks and other entities cooperating with them
  • Outstanding Mature Business Award , a $ 100,000 award for a business leader who has built a company with revenues between $ 5 million and $ 50 million.
  • Outstanding Small and Growing Business Award . $ 50,000 for a remarkable young African company with sales between $ 500,000 and $ 5M.
  • Outstanding Social Entrepreneur Award . The $ 50,000 prize goes to an organization that has made a special contribution to the socio-economic development of low-income communities in Africa. To be eligible, the organization, structured as a non-profit or for-profit organization, must be founded or currently running by an African citizen and have annual sales between $ 150,000 and $ 2.5 million in the most recent fiscal year. The focus on social returns is particularly important.

List of award winners

Lifetime Achievement Award category
2010 - Mellech Engineering & Construction Ltd., Kenya
2011 - Securico Security, Zimbabwe
2012 - Richard Maponya, South Africa
2013 - Manu Chandaria, Kenya
Transformational Business Award category
2010 - Planbuild Technical Services Ltd., Uganda (plant construction)
2011 - Victoria Seeds, Uganda (Agribusiness)
2012 - Quality Chemicals Industries, Uganda (Pharma)
2013 - Interswitch Ltd., Nigeria (information technology)
Outstanding Mature Business Award category
2010 - Sigma Electric PLC, Ethiopia (electrical industry)
2011 - Chocolate City Group, Nigeria (entertainment)
2012 - SecureID, Nigeria (information technology)
2013 - QuantumNet, Gambia (telecommunications)
Outstanding Small and Growing Business Award category
2010 - Tutuka Software (Pty) Ltd., South Africa (information technology)
2011 - Unique Solutions, Gambia (information technology)
0000 - Expand Technologies, Mauritius (information technology)
2012 - La Laiterie du Berger, Senegal (Agribusiness)
2013 - Guanomad, Madagascar (Agribusiness)
Outstanding Social Entrepreneur Award category
2010 - Wilkins Engineering Ltd., Ghana (Engineering)
2011 - Pepperoni Foods, Nigeria (Catering & Hospitality)
2012 - not awarded
2013 - SDFA, Kenya (Energy)

Individual evidence

  1. ↑ Applications for the competition, section Eligibility ( Memento from January 9, 2014 in the Internet Archive )
  2. ↑ Africa: Names of Finalists 2013 Africa Awards for Entrepreneurship Out , online edition of the New Era Newspaper Namibia, September 24, 2013
  3. ^ Robert A. Guth: EBay Founder's Philanthropic Firm to Donate More , The Wall Street Journal, October 22, 2008, p. A4
  4. ^ Names of finalists 2013 Africa Awards for Entrepreneurship out, New Era, Namibia
  5. ↑ Award conditions 2014 ( Memento from January 9, 2014 in the Internet Archive )
  6. ↑ Africaawards