Connect with us

News

Africa Business Heroes Announces Top 50 Finalists; 12 Nigerians Qualifies

Published

on

Africa Business Heroes- Investors King

The Top 50 finalists have been chosen from 12,000+ entries, selected by a prestigious pool of 233 judges; 16 countries from Africa represented in the Top 50; 38% of Top 50 candidates are female entrepreneurs; 10% are Francophone; Top 50 finalists will progress to an ABH virtual boot camp and further judging. Top 20 to be announced in August.

Among the 50 finalists, 12 Nigerians qualified are Adebowale Odulana of Doctoora E-Health Ltd, Ebinabo Ofrey of GeroCare Solutions Ltd, Oghenetega Iortim of Gricd, Abiodun Adereni of HelpMum, Olorunishola Aje of IDEAS IN FUSION LIMITED, Leslie Emenalo of Kobopay, Ige Atiba of Laughkord Consult and Resources Limited, YETUNDE OYALOWO of Market Doctors-Social Enterprise, Chidi Nwaogu of Publiseer, Ikenna Nzewi of Releaf Marketplace Nigeria Limited, OLAGOKE BALOGUN of So Fresh Neighbourhood Market Limited, and Godwin Benson of Tuteria.

Africa’s Business Heroes the flagship philanthropic program for the Jack Ma Foundation in Africa has announced the top 50 finalists for the 2021 ABH prize competition.

These 50 African entrepreneurs are in the running to win a share of USD 1.5 million in grant funding and will gain invaluable networking and learning opportunities throughout their Africa Business Heroes journey.

Since applications closed in early June, a prestigious pool of 233 judges has been reviewing thousands of applications from entrepreneurs across every country in Africa.

During this first round, judges were looking for visionary entrepreneurs who are providing innovative, robust solutions to problems in their communities. They were focused on identifying passionate professionals that demonstrated an exceptional work ethic, financial sustainability and growth potential.

Jason Pau, Executive Director of International, Jack Ma Foundation noted, “in the face of incredibly difficult conditions over the past year, Africa’s entrepreneurs have shown incredible resilience and innovation.

The top 50 of the 2021 Africa Business Heroes competition are a true testament to this, and we are excited to support these talented entrepreneurs as they continue to grow and generate positive impact.”

Sixteen countries are represented in the Top 50, 10% of which are Francophone. They include Botswana, Cote d’Ivoire, the Democratic Republic of Congo (DRC), Egypt, Eritrea, Ethiopia, Ghana, Kenya, Madagascar, Nigeria, Rwanda, South Africa, Tanzania, Togo, Uganda and Zimbabwe. Nigeria has the largest cohort with 12 in the Top 50. Women are well-represented, making up 38% of the Top 50.

There is an enormous diversity in the type of businesses, with sixteen different sectors, represented including agriculture, beauty & wellness, construction, consulting, education, energy, environmental protection, financial services, F&B, healthcare, ICT, logistics, manufacturing, media & entertainment, retail and transportation.

From here, the Top 50 will participate in an ABH virtual boot camp to engage with and learn from business leaders as well as previous ABH winners.

The boot camp will prepare them for the next round of interviews with the Round 2 judges, after which the Top 20 will be identified and announced in August.

The Top 10 will be announced in late September before they go on to the grand finale where they will pitch live to global business legends and secure their share of the USD 1.5 million prize pool.

For more information on 2021 Top 50, please visit the dedicated section on the Africa Business Heroes official website. To join these dynamic and inspiring entrepreneurs on their ABH journey, visit here.

Continue Reading
Comments

Travel

Max Air Flight Suffers Multiple Tyre Bursts, Passengers Safe

Published

on

Max Air

A Max Air flight carrying 119 passengers and six crew members from Yola to Abuja experienced a rare tyre malfunction during takeoff.

The Boeing 737, flight NGL1649, encountered an issue when four of its tyres burst, leading to an emergency halt on the runway.

The Director of Public Affairs and Consumer Protection at the Nigerian Safety Investigation Bureau (NSIB), Bimbo Olawumi Oladeji, confirmed the incident.

She stated that as the aircraft began its takeoff roll, a loud bang was heard, identified as the bursting of the rear gear tyres.

Initially, two tyres burst, and while attempting to taxi off the runway, the remaining two tyres also burst, leaving the aircraft disabled.

Glory be to God, no injuries were reported among the passengers or crew, thanks to the quick response and professionalism of the flight team.

A go-team, led by NSIB Director General Alex Badeh, is set to conduct a thorough investigation into the incident to determine the cause of the malfunction.

This investigation aims to ensure the continued safety and reliability of air travel in the region.

Max Air has expressed gratitude for the cooperation and calmness of all passengers during the incident and assured the public of their commitment to maintaining high safety standards.

The airline is working closely with authorities to address any potential issues and prevent future occurrences.

As investigations proceed, the aviation community remains focused on learning from the event to enhance safety protocols and maintain passenger confidence in air travel across Nigeria.

Continue Reading

News

Nigerians Increasingly Reject Bribe Demands, Reports NBS

Published

on

Bribery

70% of Nigerians reportedly refused to pay bribes on at least one occasion in 2023, according to a report by the National Bureau of Statistics (NBS).

The report, titled “Corruption in Nigeria: Patterns and Trends,” highlights the growing resistance to bribery among citizens.

The study found that 42% of Nigerians cited moral objections as their primary reason for refusing bribes.

Also, 23% were motivated by the pressures of the rising cost of living, while 21% had alternative ways to achieve their goals without resorting to corruption.

The report noted the highest bribery refusal rate in the North-West, where 76% of individuals resisted paying bribes.

All regions across the country recorded refusal rates exceeding 60%, indicating a nationwide trend towards rejecting corruption.

Public tolerance for bribery has also diminished, with only 23% of Nigerians considering bribery acceptable for expediting administrative processes, down from 29% in 2019.

Furthermore, fewer citizens reported facing negative consequences for refusing bribes, with figures dropping from 49% in 2019 to 38% in 2023.

This suggests a growing empowerment among Nigerians to challenge corrupt officials without fear of retaliation.

Despite these positive trends, the NBS report highlighted that over N700 billion was still paid in cash bribes to public officials in 2023.

Corruption remains the fourth most pressing issue in the country, following the cost of living, insecurity, and unemployment.

The report also underscored a decline in public confidence in the government’s anti-corruption efforts.

In 2019, more than half of Nigerians believed the government was effective in combating corruption, but by 2023, this confidence had fallen to less than a third.

The NBS findings offer a glimmer of hope for Nigeria’s fight against corruption, showcasing a public increasingly willing to stand up against bribery and demand accountability from their leaders.

Continue Reading

Travel

High Altitude, Higher Prices: Domestic Airfares Jump 150%

Published

on

Arik Airplane - Investors King

Nigerian air travelers are reeling from a dramatic increase in domestic airfares with prices skyrocketing by 150% over the past year.

This surge has forced many passengers to reconsider their travel options, opting for road transport despite the risks involved.

Passengers like Dare Adepoju, who frequently commutes between Lagos and Abuja for business and family visits, have expressed frustration.

“It’s unsustainable,” he lamented. “With flights nearing N200,000 for just an hour, I’m exhausted.”

Social media is abuzz with similar sentiments. Akinloa Adejuwon tweeted about the tough choice between costly flights and unsafe roads, highlighting the dire situation many Nigerians face.

The fare increase is attributed to a limited number of operational aircraft. Airline Operators of Nigeria revealed that many planes are grounded due to maintenance needs and lack of access to foreign exchange for repairs.

The current situation sees airlines like Ibom Air and Air Peace charging up to N238,000 for a one-way ticket between major cities.

This price jump, from about N51,000 last year, reflects the severe challenges the industry faces.

Capt. Roland Iyayi, a senior member of the Airline Operators of Nigeria, pointed to the shortage of aircraft as a primary cause.

“Making forex available to airlines is crucial for resolving this crisis,” he stated.

As the industry grapples with these challenges, passengers continue to hope for relief. The aviation sector’s future hinges on addressing these issues, ensuring safe and affordable travel for all Nigerians.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending