The jury of the Africa’s Business Heroes (ABH) prize competition for 2022 has selected a Rwandan entrepreneur among the top ten winners who will share $1.5 million in November this year.
Rwandan runner-up Francine Munyaneza was nominated in the semi-finals last week and was named among winners from various African countries yesterday.
She is the founder of Munyax Eco Company which aims to solve Rwanda’s energy problems in rural and urban areas by providing solar equipment manufactured and tested in Africa.
ABH is the Jack Ma Foundation’s flagship philanthropic program that highlights and celebrates Africa’s entrepreneurial talent and aims to promote entrepreneurial skills.
Munyaneza was appointed alongside Flavien Kouatcha Simo, Managing Partner of SAVE Save Our Agriculture Sarl (Cameroon), Amena Elsaie, Co-founder of Helm Consulting (Egypt), Nadia Gamal El Din, Founder and CEO of Rahet Bally (Egypt) , Amadou Daffe, CEO and co-founder of Gabeya Inc. (Ethiopia), Prince Agbata, co-founder and CEO of Coliba Waste Management Services Limited (Ghana) and Tesh Mbaabu, co-founder and CEO of Marketable Technologies of Kenya.
The other finalists are Shona Mcdonald, Founder and Executive Director of Shonaquip Social Enterprises (South Africa), Elmarie Pereira, Chief Operating Officer, Co-Founder and Acting CEO of Mameza Shout Limited (South Africa) and Elia Timotheo, Founder and East Africa CEO. Fruit company from Tanzania.
“This year’s heroes – like other years – have continued to demonstrate the resilience, passion, imagination and traction we need from our entrepreneurs here in Africa,” said Birame Sock, Founder and CEO of Kwely Inc, one of the judges. .
These 10 finalists will take to the stage in the competition’s grand finale in November 2022 for their final pitch to win a share of a US$1.5 million prize. The first prize winner will walk away with a $300,000 grant to promote the growth of their business.
According to ABH, the 10 entrepreneurs were selected through several stages of interviews and assessment from more than 21,000 applications.
“Now in the fourth year of the ABH competition, we are impressed with the growing diversity of our entrants and the impact they are having, particularly in supporting post-pandemic economic recovery,” said Jason Pau, Executive Director of Programs. international, ABH.
ABH officials say their start-ups come from a wide variety of industries, including agriculture, consulting, energy, environmental protection, healthcare, information technology and communication (ICT) and retail.