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26 Young African Entrepreneurs Qualifies For Anzisha Prize Fellowship, Receives $20K Each

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The Anzisha Prize Fellowship has revealed its top 26 entrepreneurs for 2021. The entrepreneurs, who are between the ages of 18 and 22, will each receive more than US$5,000 in funding and more than US$15,000 worth of venture building support services over three years, which are aligned with the prestigious fellowship’s new structure of enabling young people to receive the financial and mentoring support they need to succeed.

“We’ve seen clearly that a transition from secondary or tertiary education directly into sustainable entrepreneurship requires both financial and learning support,” comments Josh Adler, Executive Director of the Anzisha Prize. “Through our long-term partnership with the Mastercard Foundation, we’re thrilled to not only announce an increase in the number of fellowships we can offer each year but also in the monetary support each venture will receive.”

The 2021 Anzisha Fellows were selected from hundreds of applications across Africa and passed multiple stages of vetting and evaluation. Applicants were from countries such as Mali, Togo, South Africa, and Madagascar and running businesses in education, health, agriculture, manufacturing, energy, and beauty. These young Africans are demonstrating how it’s possible to pursue entrepreneurship as a career in the face of the pandemic.

In selecting 26 fellows this year, the annual Anzisha Prize fellowship has more than doubled in size since its first selection process, which included 12 innovative, young, African entrepreneurs in 2011. In that time, Anzisha’s venture-building support team has worked closely with over 150 early-age entrepreneurs in over 30 African countries. We have developed a pioneering approach to coaching, skills development, and business support that has now been packaged into a three-year learning journey.

“Our fellowship offering has essentially been reframed as an alternative or accompaniment to university education for entrepreneurs in this age group,” adds Adler. “The grand prizes, which recognized achievement prior to selection as a fellow, will now recognize excellence from young entrepreneurs who role model job creation, venture growth, storytelling, and process improvements during their fellowship.”

The selected top 26 entrepreneurs represent 17 countries with 30 percent being Francophone. They include Côte d’Ivoire, the Democratic Republic of Congo (DRC), Kenya, Madagascar, Nigeria, Mali, South Africa, Tanzania, Togo, Uganda, and Zimbabwe. Nigeria has the largest cohort with four in the top 26. Young women are well represented, making up 10 of the 26 entrepreneurs.

“Young African entrepreneurs have continuously shown that they can rise to the challenge when given an opportunity. And what a challenging 19 months it has been for our world. Yet the caliber of innovators we consistently see apply to this program, proving that the rebuilding and reimagining of economies can be entrusted to young people. We are committed to supporting the growth of the Anzisha Prize and betting on the potential of young entrepreneurs to drive transformation,” says Philip Cotton, Director of Human Capital Development at the Mastercard Foundation.

After the selection process, the entrepreneurs will participate in a virtual induction boot camp for 10 days where they will engage with business leaders and past winners of the prize. The boot camp will prepare them for what lies ahead over the next three years.

The top 26 were selected this year, in a four-part series that follows the Anzisha Prize team and their search for Africa’s youngest, most exciting entrepreneurs.

The 2021 Anzisha Prize Fellows are:

Constant Ayihounoun, Benin, 21 – Constant is the founder of Agreco Sarl, a company that produces organic fertilizers and pesticides.

Sergio Tabe Ashu, Cameroon, 21 – Sergio is the founder of Excel Academy, which provides private home tutoring services to K-12 students and national exam preparatory classes for senior secondary school students.

Hebrey Issa Abraham, Cameroon, 21 – Hebrey is the founder of DATA, which produces and sells vegetables.

Krys Elfried Digbehi, Côte D’Ivoire, 18 – Krys is the founder of Yeyiba Restaurants. The venture cooks and sells African and European dishes to local colleges, high schools, and universities.

Victoire Bakunzi, Democratic Republic of Congo (DRC), 21 – Victoire is the founder of Basuyi business that produces African-style jackets and tunics.

Oumar Diogo Sow, Guinea, 22 – Oumar is the founder of Felian Trading Limited. The business cultivates rice and cassava.

Martin Sure Ondiwa, Kenya, 21 – Martin is the founder of Greenfarms, a company that produces and sells fresh fruits to consumers and vendors.

Tsantatiana Fideranaharilala Rakotoarimanga, Madagascar, 22 – Tsantatiana is the founder of Dream Study Agency. The agency helps students in Madagascar apply to universities abroad.

Mahefarivo Thierry Andrianarinoa, Madagascar, 21 – Mahefarivo and two of his friends founded Coufé Madagascar. Coufé is a fashion brand that specializes in embroidered, customizable t-shirts that are handmade by women detained in prison.

Martin Masiya, Malawi, 21 – Martin is the founder of Sollys Energy, which distributes solar lamps and solar lanterns using a Pay-As-You-Go model for customers in semi-urban and rural areas.

Adama Kanté, Mali, 22 – Adama is the founder of Food Sante, which is a production and processing company for agrifood products.

Ali Ould Mohamed, Mali, 18 – Ali is the founder of Créa-Couture, a clothing company that sells a variety of products such as pants, skirts, shirts, and suits for men and women.

Renata Silva, Namibia, 19 – Renata is the founder of RS Clothing Brand, which sells trendy clothes to young people between the ages of 15-25.

Eneyi Oshi, Nigeria, 19 – Eneyi is the founder of Maatalous Nasah. The business farms chickens, fish, and eggs to sell to urban dwellers through an e-commerce web application called Farmisphere.

Esther Akin-Ajayi, Nigeria, 19 – Esther is the founder of Jemai Interiors, which sells furniture pieces and architectural materials. They also render interior designs and offer 3D visualization services to other architectural companies and individuals.

Oluwadamilola Akinosun, Nigeria, 22 – Damilola is one of the founders of Grant Master, an online marketplace that connects ambitious organizations that are in need of debt-free and equity-free funding. The organizations in need are connected with grant writers.

Grace Okezie, Nigeria, 22 – Grace is the founder of Royal Graced Baking Company, which bakes and sells healthy snacks and foods to customers.

Rebecca Samuella Kalokoh, Sierra Leone, 20 – Rebecca is the founder of Grace Venture Natural Products, which extracts oils from seeds, herbs, and fruits to produce natural cosmetics that are sold in the local markets of Sierra Leone.

Amadu Deen Bah, Sierra Leone, 21 – Amadu is the founder of Caballay Investment, which produces paper bags and bags for packaging that is sold to local businesses.

Masello Mokhoro, South Africa, 22 – Masello is the founder of Starlicious Enterprises. She grows day-old broiler chicks and pigs and sells them to individuals in her community.

Doroles Mihanjo, Tanzania, 20 – Dolores is the founder of Maktaba. The business sells educational documents such as past papers, notes, and online content books to parents, schools, and teachers.

Rebecca Taboukouna, Togo, 22 – Rebecca is the founder of RBK Pearls, which manufactures and sells beaded accessories.

Jovia Nassuna Kintu, Uganda, 21 – Jovia manufactures and sells affordable organic shampoo, conditioner, and other hair products. She founded Kia Cosmetics to provide women with an alternative to hair care products containing chemical additives.

Viola Kataike, Uganda, 21 – Viola founded her venture in 2020 to impact the lives of refugee communities. A Hand for a Refugee trains members of Kyangwali refugee camp in growing and harvesting passion fruit.

Munyaradzi Makosa, Zimbabwe, 21 – Munyaradzi Makosa is the founder of Farmhut Africa, an online marketplace designed to connect farmers in rural Zimbabwe directly to the market.

Tafadzwa Chikwereti, Zimbabwe, 21 – Tafadzwa launched Murimi Electronic Agriculture using artificial intelligence and machine learning. The business helps financial institutions to process loans faster, and farmers to ascertain their financial health.

About Anzisha Prize Fellowship

The Anzisha Prize is a venture-building fellowship program that has successfully supported and championed very young entrepreneurs for over 10 years. The fellowship is a three-year program that celebrates and rewards business growth.

Anzisha Prize applications for the 2022 cohort of young business owners open on 20 October 2021.

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Google Leads $250 Million Funding Round for Glance

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A logo is pictured at Google's European Engineering Center in Zurich

Google is leading a $250 million funding round for Glance, a mobile content provider.

This infusion of capital aims to expand Glance’s reach and solidify its market position amidst growing competition.

Glance, a subsidiary of InMobi Group, offers a unique service that delivers news, entertainment, and other content directly to users’ mobile screens without unlocking their devices.

With a user base exceeding 300 million across India, the US, Japan, and Indonesia, the startup has gained significant traction since its inception in 2019.

The funding round, expected to close in the coming weeks, marks a continued partnership between Google and Glance.

Google initially invested in the company in 2020, and this latest round will further enhance Glance’s capabilities to innovate and reach new audiences.

This investment reflects Google’s strategic interest in India, the world’s most populous nation, where it competes with tech giants like Microsoft, Meta, and Amazon.

With India’s rapidly growing middle class and increasing smartphone adoption, the market presents vast opportunities for digital expansion.

The support from Google comes on the heels of a previous $200 million investment by Mukesh Ambani, Asia’s wealthiest individual, which valued Glance at over $1 billion.

The startup’s largest stakeholder, InMobi, continues to thrive as a pioneer in mobile advertising, with Glance benefiting from its expertise and resources.

As Glance prepares for this new phase of growth, it stands poised to redefine how content is consumed on mobile devices worldwide.

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Former Konga CEO Nick Imudia Dies by Suicide in Lagos Home

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The Nigerian business community was rocked by tragedy as Nick Imudia, former CEO of e-commerce giant Konga and current CEO of solar energy solutions innovator D.light, died by suicide in his Lekki apartment.

Imudia’s death, confirmed on the night of Tuesday, June 25, has left friends, family, and colleagues in a state of shock and sorrow.

According to sources, Imudia reportedly took his own life by jumping from the balcony of his home. In the moments leading up to the tragic incident, he made a series of distressing phone calls.

He reached out to his brother in the United States, giving detailed instructions on how to distribute his wealth should anything happen to him.

Imudia also spoke to his young daughter from a previous relationship, offering her comforting words and telling her to look to the sky to see him.

Imudia’s sudden death has raised many questions among those who knew him. Described by colleagues as a visionary leader, Imudia was instrumental in the growth of Konga, one of Nigeria’s largest e-commerce platforms.

After his tenure at Konga, he continued to make significant contributions to the tech industry as the CEO of D.light, a company known for its innovative residential solar energy solutions.

Imudia hailed from Ika South Local Government Area of Delta State and had a young daughter from a previous marriage that ended due to irreconcilable differences.

Despite the end of his marriage, those close to him said he maintained a strong bond with his daughter, often expressing his deep affection for her.

The reasons behind Imudia’s decision to end his life remain unclear. As news of his death spread, messages of condolence and tributes poured in from friends, family, and business associates.

Many have expressed their profound sadness and confusion as Imudia was widely seen as a successful and driven individual.

“Nick was a brilliant mind and a compassionate leader,” said a former colleague. “His death is a huge loss to the tech community in Nigeria and beyond. We are all struggling to understand why this happened.”

Authorities are investigating the circumstances surrounding Imudia’s death. Meanwhile, his family has asked for privacy as they navigate this difficult time.

Nick Imudia’s death is a stark reminder of the unseen struggles many face, even those who appear successful and accomplished.

His passing has sparked conversations about mental health awareness, urging individuals to seek help and support when needed.

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Gokada CEO’s Former Assistant Found Guilty of Gruesome Murder and Embezzlement

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Tyrese Haspil, the former executive assistant of Fahim Saleh, CEO of Gokada, has been found guilty of first-degree murder and multiple counts of embezzlement.

The verdict, delivered by a Manhattan jury on Monday, marks the end of a harrowing legal saga that unfolded over accusations of financial betrayal and a brutal homicide.

Prosecutors detailed how Haspil, 25, meticulously planned and executed the murder of his boss in July 2020 to cover up a complex embezzlement scheme.

Haspil, entrusted with managing Saleh’s financial affairs, reportedly siphoned approximately $400,000 from the tech entrepreneur’s accounts over several months using fraudulent transactions and hidden accounts.

The trial revealed that tensions escalated when Saleh discovered the embezzlement and confronted Haspil earlier in 2020.

Instead of facing the consequences, Haspil opted to silence Saleh permanently, fearing exposure and legal repercussions.

On July 13, 2020, Haspil followed Saleh into his Lower East Side condominium, where he incapacitated him with a taser and fatally stabbed him multiple times.

Following the heinous act, Haspil returned the next day to dismember Saleh’s body in an attempt to conceal the crime.

However, he abandoned the cleanup midway upon discovering police presence outside Saleh’s apartment.

Saleh’s cousin, checking on him after being unable to reach him, made the gruesome discovery of the dismembered body.

Throughout the trial, the prosecution painted a chilling portrait of Haspil’s calculated actions, describing how he methodically planned the murder to prevent Saleh from reporting him to authorities.

Manhattan District Attorney Alvin Bragg emphasized the tragedy of Saleh’s untimely death, highlighting his entrepreneurial success and contributions to the tech industry.

“I hope the accountability delivered by today’s verdict can provide a measure of comfort to Mr. Saleh’s loved ones as they continue to mourn his loss,” Bragg stated in a post-verdict statement.

Haspil, represented by Sam Roberts of The Legal Aid Society, faces a sentencing hearing scheduled for September.

The case has drawn widespread attention for its grisly details and the betrayal of trust between a CEO and his assistant, underscoring the vulnerabilities within corporate settings and the drastic consequences of financial malfeasance.

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