Shoprite Introduces Xtra Savings Rewards Programme

The Shoprite Group is launching a rewards programme for its Shopite branded stores on Monday 12 October 2020. The new Shoprite Xtra Savings card...

Latest Posts

Dlamini-Zuma Asked To Provide Reasons For Extending Lockdown – or see you in court.

DearSA attorneys Hurter Spies this week sent a letter  to Cooperative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma asking her to provide reasons why she...

Paxful Highlights Security and User Education Can Boost Trust in Crypto

In acknowledging Cybersecurity Awareness Month during October this year, leading peer-to-peer (P2P) cryptocurrency marketplace, Paxful, is highlighting the importance of security awareness amongst users...

How To Win a R1,5m Entrepreneurial Package For Your FinTech Idea or Business

South Africa’s most prestigious fintech R10 million startup initiative, AlphaCode Incubate, shares how to improve chances of accessing its support and unpacks the trends...

Why An Independent Bond Originator is key to your home buying success

Navigating banking systems is almost always stressful and tediously litigious, and particularly true when it comes to applying for a home loan. Despite all...

Finalists announced in the MTN Entrepreneurship Challenge powered by Jumia

Following a rigorous selection process, involving more than 700 applicants from 26 countries across Africa, the top three finalists in the MTN Entrepreneurship Challenge powered by Jumia, have been revealed.

The challenge, which aims to boost entrepreneurship and innovation, as well as build a stronger and more sustainable business environment on the continent, kicked off in February, and is a joint initiative between MTN, Jumia and the MTN Solution Space based at the University of Cape Town Graduate School of Business.

Through the entrepreneurship challenge, students were invited to develop a unique digital application or smart solution to address a problem faced in Africa. Applicants heeded the call and hundreds of original ideas covering the areas of E-Commerce Marketplaces, Education Technology, Smart Cities and Solutions, and Health Technology were received.

Over the past few weeks, the ideas were narrowed down, with 11 Live Pitch events taking place from Cameroon to South Africa, to shortlist the top candidates who will eventually pitch their business ideas at the Entrepreneurship Festival in Cape Town in May 2016.

The three finalists are:

ng (Nigeria)

Pass.ng is a web, desktop and mobile-based CBT examination preparatory and testing platform, with a vision to help candidates excel in all the major Nigerian examinations and tests.

  • MedRX (Ghana)

MedRx app is an interactive health platform for all users who have health needs. The app connects users to health personnel from various fields of practice including hospital, pharmacy, laboratory and academia.

  • Vicoba (Tanzania)

Village Community Banks (Vicoba) are an important instrument of development work, allowing people who do not have access to conventional bank accounts, to access informal investment groups. Vicoba app creates a collaborative platform that includes existing tools for financial and task management in a way that is adapted for the African market.

MTN Solution Space Manager, Sarah-Anne Arnold, congratulated the winners and commented: “Universities are resource-rich, highly networked and create opportunities for students to find like-minded co-founders and explore and develop new opportunities together, and are therefore the ideal environments to encourage entrepreneurs. This was shown by the amazing talent that emerged during the incredible week of Live Pitches which took place across campuses in 11 countries, in collaboration with partner universities and sponsors. Congratulations and best of luck to the finalists.”

The top two applications from each region were selected for the semi-finals and awarded the opportunity to undertake a short course from GetSmarter in order to build new capabilities in areas such as Search Engine Optimisation or Digital Marketing.

The finalists will face a panel of experienced business leaders at the Entrepreneurship Festival, where the winning team will be named. The panel includes Jeremy Hodara, co-CEO Africa Internet Group, Professor Walter Baets, Director of the University of Cape Town Graduate School of Business, and Herman Singh, MTN Group Chief Digital Officer.

“We are incredibly impressed with the calibre of applicants and the level of innovation shown. We are looking forward to the finals and wish our contenders the best of luck. We are certain that whichever team emerges victorious, it is the continent that will be the biggest winner, as entrepreneurship and locally developed solutions are what will enable the growth and development of this continent,” says Singh.

Bankole Cardoso, the Head of Communications at Africa Internet Group added, “From the application phase, we were very impressed with the high quality business models and it was not at all easy for the judges to select from so many promising businesses. Over the last week, we have held over 100 live pitches and given young entrepreneurs across the continent a platform to showcase their business ideas and even more importantly, to receive critical feedback from experienced professionals on our judging panels. The gaps in the African entrepreneurship ecosystem are in capital and mentorship so it was great to undergo an exercise like this that will no doubt force them to improve. I now look forward to working closely with these three finalist teams to prepare them for what’s to come in Cape Town. It is an incredible opportunity for all of them to propel themselves to the next level.”

The winners will be announced at the Entrepreneurship Festival with the top team being awarded the opportunity for incubation at the premises of either the MTN Solution Space at the University of Cape Town Graduate School of Business, or at one of 9 Jumia offices across the continent. The winner will also win a cash prize of $25 000 towards their start-up and have access to a Facebook Start Programme to the value of $15 000, which includes tools and services needed to build mobile applications.

MTN EC by Jumia in numbers

Infographic---MTN-Entrepreneurship-Challenge-in-numbers

Latest Posts

Dlamini-Zuma Asked To Provide Reasons For Extending Lockdown – or see you in court.

DearSA attorneys Hurter Spies this week sent a letter  to Cooperative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma asking her to provide reasons why she...

Paxful Highlights Security and User Education Can Boost Trust in Crypto

In acknowledging Cybersecurity Awareness Month during October this year, leading peer-to-peer (P2P) cryptocurrency marketplace, Paxful, is highlighting the importance of security awareness amongst users...

How To Win a R1,5m Entrepreneurial Package For Your FinTech Idea or Business

South Africa’s most prestigious fintech R10 million startup initiative, AlphaCode Incubate, shares how to improve chances of accessing its support and unpacks the trends...

Why An Independent Bond Originator is key to your home buying success

Navigating banking systems is almost always stressful and tediously litigious, and particularly true when it comes to applying for a home loan. Despite all...

Don't Miss

Africa’s First Adaptive Learning Online High School Launches

Prestigious, independent school, Bridge House and award-winning EdTech company, Digemy, have joined forces to create ConnectEd - the first Independent Examinations Board (IEB) curriculum...

Mercedes-Benz Gives Its EQC Electric vehicle The 4×4² Treatment

Mercedes-Benz has given its EQC electric vehicle the 4x4² treatment. The EQC 4x4² is an electric car of extremes. Mercedes-Benz wishes to test the...

Nedbank Signs Up 100 000 Customers for its Avo Super App

Avo, launched at the height of the national lockdown, has surpassed the 100 000 customer mark in September 2020 and continues to evolve alongside its...

SA Web Users Must Report Fraud During Cybersecurity Awareness Month

Statistics South Africa says almost two-thirds of South African households now have at least one person who accesses the Internet. Add this to the fact...

Liquid Telecom Enables Africa’s Digital Economy

Liquid Telecom believes there is a massive opportunity to fast-track Africa’s digital economy. The continent’s biggest fibre company wants to enable entrepreneurs to be at...

Stay in touch

To be updated with all the latest news, offers and special announcements.

%d bloggers like this: