The African Leadership Academy (ALA), an organization that develops and support future generation of African, and The MasterCard Foundation have announced the opening of applications for the 2017 edition of the Anzisha Prize.
The Anzisha Prize, now in its seventh year, aims to scale the businesses of Africa’s brightest youth entrepreneurs, enabling them to employ other youth and showcase the power of youth-led business in Africa.
Last year’s edition was won by 22 years old Madagascan agripreneur, Heritiana Fabien Randriamananatahina. He founded FIOMBONANA, an agro-processing initiative that drives import substitution through local manufacture of dairy products and confectioneries.
This year’s edition will see an increase in the number of finalists; 15 young entrepreneurs between the ages of 15 and 22 will be selected for the final of the event.
The finalists will receive a fellowship package valued at US$7,500 with ALA’s Youth Entrepreneur Support Unit (YES-U) which includes the Anzisha Accelerator boot camp, mentorship and consulting services, travel opportunities to network and business equipment.
The 15 finalists will be flown to South Africa to compete for the grand prize; a share of US$100,000, ongoing business consulting services, and access a global network of leaders.
“Finalists for the Prize win far more than access to a share of the pool of US$100,000 in prize money, they also access a business incubation fellowship aimed at growing their business and supporting their professional development,” said Grace Kalisha, Senior Programs Manager for Anzisha Prize.
Young entrepreneurs across Africa should apply for the competition by April 1, 2017. They must be between the ages of 15 and 22 at the time of applying, and be a founder or founding member of a running business in any sector.