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Africa’s Business Heroes Announces Top 20 Entrepreneurs Advancing to the Semi-Finals in Dakar

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Entrepreneurs

This year’s Semi-Final marks the first time ABH is hosting in a francophone country and a first in Senegal, underscoring the country’s growing influence as a hub for entrepreneurship and innovation

DAKAR, Senegal, September 1, 2025/APO Group/ –The Africa’s Business Heroes (ABH) (https://AfricaBusinessHeroes.org/) Prize Competition, a philanthropic initiative of Alibaba Philanthropy, today revealed the Top 20 entrepreneurs selected to advance to the 2025 Semi-Finals, taking place in Dakar, Senegal on 10 – 11 September 2025.

The selection of the Top 20 reflects a rigorous and highly competitive process. Starting from nearly 32,000 applications spanning the African continent, candidates advanced through multiple rounds, including the Top 50 Round 2 interviews and a thorough due diligence process.

From this pool, 20 exceptional entrepreneurs were chosen, representing diverse sectors and embodying the spirit of African innovation and resilience.

They now stand just one step away from the Grand Finale, where they will compete for a place among the Top 10 Heroes. Those who advance will not only share in grant funding ranging from $100,000 to $300,000 USD but also gain access to mentorship opportunities, international networks, and unparalleled global visibility.

“Year after year, we are inspired by the caliber of entrepreneurs we see at ABH. The 2025 Top 20 span 9 countries and 10 sectors from healthtech and fintech to agritech and sustainability, reflecting Africa’s dynamic innovation landscape. We continue to see strong momentum in digital transformation, scalable B2B and subscription models, and impact-driven businesses tackling challenges from financial inclusion to food security and environmental sustainability. These trends not only highlight the resilience of African founders but also underscore the continent’s potential to deliver both profitability and social impact,” said Zahra Baitie-Boateng, Africa MD of ABH.

This year’s Semi-Final marks the first time ABH is hosting in a francophone country and a first in Senegal, underscoring the country’s growing influence as a hub for entrepreneurship and innovation in Africa. Senegal’s strong 8.6% GDP growth and its upcoming role as host of th*2026 Youth Olympic Games—the first ever on African soil—further cement its position as a dynamic center for talent, business, and global events. The event will feature high-stakes pitch sessions, networking opportunities, and mentorship programs for the finalists.

The 2025 Top 20 span 9 countries and 10 sectors from healthtech and fintech to agritech and sustainability, reflecting Africa’s dynamic innovation landscape

The Top 20 finalists will present their businesses before a distinguished panel of judges, each bringing deep expertise and perspective from across the entrepreneurial and investment ecosystem. The panel includes:

  • Hasan Haidar, Managing Director of PlusVC and a long-standing ABH judge, recognized for his extensive experience in venture capital and commitment to supporting early-stage startups across the Middle East and Africa.
  • Moulaye Taboure, CEO and Founder of ANKA, a pioneering e-commerce and fintech platform empowering African artisans and merchants to access global markets. A former ABH Top 10 Hero, Moulaye’s participation marks a milestone for the program as the first time an alumnus has returned to serve as a judge.
  • Jason Pau, Vice President of Alibaba Group and Executive Director (International) of the Jack Ma Foundation, who has spearheaded global philanthropic initiatives including Africa’s Business Heroes.

 

Together, this panel will evaluate the finalists based on innovation, impact, scalability, and leadership, ultimately determining which entrepreneurs will advance to the Top 10 stage of the competition.

This landmark event is made possible through the support of Alibaba Philanthropy, together with leading Senegalese sponsors Wave, Sonatel and InTouch Group. Their partnership underscores a shared commitment to fostering innovation, empowering entrepreneurs, and positioning Senegal as a driving force in Africa’s economic transformation.

“Wave is honored to partner with Africa’s Business Heroes in bringing this landmark event to Dakar. For us, this is more than sponsorship, it is a commitment to empowering entrepreneurs, accelerating innovation, and positioning Senegal as a hub of Africa’s economic transformation. Hosting the Semi-Finals here reflects our belief in the power of young African talent to shape a more inclusive and prosperous future for the continent” emphasized Coura Tine Sene, Regional Director and Head of Public Affairs at Wave, said.”

Now in its 7th edition, the ABH Prize Competition continues to spotlight and support African entrepreneurs who are making a positive impact in their communities. This year’s Semi-Final is further strengthened by the collaboration of key ecosystem partners, including Ignite.E, Impact Hub Dakar, SenStartup, and African Leadership University (ALU), who are helping to expand outreach and foster deeper engagement within Senegal’s vibrant entrepreneurial landscape.

Meet the 2025 Top 20 Heroes:

  1. Adriaan Kruger – nuvoteQ (South Africa) – HealthTech / Digital Solutions
  2. Baraka Chijenga – Kilimo Fresh Foods Africa Limited (Tanzania) – AgriTech / Food Security
  3. Blandine Umuziranenge – Kosmotive (Rwanda) – HealthTech / Women Empowerment
  4. Bundi Mbuthia – Uzapoint Technologies Limited (Kenya) – SME Tech / Digital Tools
  5. Diana Gerald – NovFeed (Tanzania) – AgriTech / Biotech
  6. Gohar Said– Suplyd (Egypt) – FoodTech / Supply Chain
  7. Janet Kuteli – Fortune Credit Limited (Kenya) – FinTech / Microfinance
  8. Jean Lobe Lobe – Waspito (Cameroon) – HealthTech / Telemedicine
  9. Jessica Roussos – BluLever Education Pty Ltd (South Africa) – EdTech / Skills Training
  10. Khadija Churchill – Kwanza Tukule Foods Limited (Kenya) – FoodTech / Distribution
  11. Louisa Olafuyi – Kunda Kids Ltd (Uganda) – EdTech / Children’s Media
  12. Mofehintolu Funso – CredPal (Nigeria) – FinTech / Credit Access
  13. Moka Lantum – CheckUps Medical Center (Kenya) – Healthcare / FinTech
  14. Mukashahaha Diane – DIKAM Ltd (Rwanda) – Textiles / Women & Youth Empowerment
  15. Neamat Eltazi – Poultry Sync (Egypt) – AgriTech / Sustainability
  16. Racine Sarr – SAWA by Shop Me Away (Senegal) – Logistics / Digital Platforms
  17. Samwel Ezikiel – Mwamba Mining Limited (Tanzania) – Mining / Sustainability
  18. Siny Samba – Le Lionceau (Senegal) – FoodTech / Infant Nutrition
  19. Thomas Patrick – Franc Group (South Africa) – FinTech / Wealth Management
  20. Wycliffe Onyango – BuuPass (Kenya) – Transport / Digital Ticketing

 

For more information on the Top 20 Heroes, visit: https://AfricaBusinessHeroes.org/

Distributed by APO Group on behalf of Africa’s Business Heroes (ABH).

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Hainan FTP marks 6-month milestone of special customs operations, signs deals during Hong Kong visit

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 29 June 2026 – As the Hainan Free Trade Port (FTP) marked the six-month milestone since the launch of its full special customs operations, a Hainan provincial delegation wrapped up a three-day visit to Hong Kong. During the visit, the delegation signed deepened cooperation agreements with several major local chambers of commerce and promoted the latest policies introduced since the island-wide special customs operations took effect.

According to data released by Hainan Province during the visit, Hainan’s foreign trade has surged since the launch of special customs operations. As of June 17, the province’s total goods imports and exports reached RMB 173.98 billion (approximately US$24 billion), up 54.6% year on year. Imports of zero-tariff goods hit RMB 2.645 billion, a 120% jump that generated tariff savings of RMB 440 million. A total of 172,100 new market entities were registered—a 61% increase—including 1,240 foreign-invested enterprises. Zero-tariff items now account for 74% of all tariff lines, benefiting more than 12,000 market entities.

During the Hong Kong visit, China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) signed separate deepened cooperation MOUs with the Chinese General Chamber of Commerce, Hong Kong and the Hong Kong General Chamber of Commerce. Under the MOUs, the parties will establish a regular liaison mechanism for the periodic exchange of economic and trade information, and will promote collaboration in areas including professional services, green finance, the digital economy, supply chain management, and cultural tourism. Mutual enterprise service desks will be set up to provide consulting services regarding policies and projects. The parties will leverage their complementary strengths to help Chinese mainland enterprises access overseas markets via Hong Kong, while facilitating Hong Kong companies’ entry into the Chinese mainland through Hainan.

The delegation also held talks with the British Chamber of Commerce in Hong Kong and the American Chamber of Commerce in Hong Kong, exploring ways for British and American businesses to leverage Hainan’s value-added processing tariff exemptions and multifunctional free trade accounts to position themselves in regional supply chains and cross-border investment and financing. HSBC, De Beers, and other British firms are already active in Hainan, and the UK served as the Guest of Honor country at the 2025 China International Consumer Products Expo.

According to industry analysts, amid the shifting international trade landscape, Hainan is leveraging Hong Kong’s “super-connector” role to accelerate its integration with global capital and business networks, while simultaneously offering the Hong Kong business community a policy testing ground for entering the Chinese mainland market.

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Africa’s Grid Constraints Come into Focus as Regional Markets Push Toward Integration

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Regional power pools are advancing and renewable pipelines are growing, but the regulatory and financial architecture needed to connect them remains the continent’s most critical infrastructure gap – an issue central to the Power Africa Today conference at AEW 2026

CAPE TOWN, South Africa, June 25, 2026/APO Group/ –Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand.

In Nigeria, repeated nationwide grid collapses as recently as February 2026 underscore the fragility of aging transmission infrastructure. In East Africa, tower failures along the 428 km Loiyangalani-Suswa line temporarily stranded output from Lake Turkana Wind Power – Africa’s largest wind installation. Meanwhile, demand growth pressures are accelerating across North Africa, where electricity consumption is expected to rise by around 50% by 2035, driven by urbanization, desalination projects, and climate-related temperature increases.

Despite these constraints, generation investment continues to accelerate across Africa, particularly in renewables, gas-to-power and hybrid systems. However, without equivalent investment in transmission and interconnection, much of this new capacity risks being underutilized or stranded. This growing imbalance between generation and grid capacity is driving a sharper focus on system-wide planning and regional market design – issues that will be central to the newly launched Power Africa Today conference at African Energy Week 2026. The platform will bring together policymakers, utilities, investors and developers to explore how regional interconnection, cross-border trading frameworks and financing structures can better align generation growth with grid expansion.

Power Markets Experiment with Reform

Alongside infrastructure challenges, Africa’s electricity sector is undergoing gradual – but uneven – market reform. Most countries still operate vertically integrated systems dominated by state utilities, but a growing number are introducing competitive frameworks to attract private capital and improve efficiency.

Zimbabwe opened its electricity market to full private participation across generation, transmission and distribution in 2025, targeting $9 billion in new investment. South Africa is advancing one of the continent’s most ambitious grid expansion programs, with plans for 14,500 km of new transmission lines and 133,000 MVA of transformer capacity by 2034, alongside mechanisms designed to crowd in private financing. Kenya, meanwhile, has introduced open access regulations enabling independent power producers to wheel electricity directly to multiple off-takers, reshaping how generation assets interface with the grid.

Interconnected electricity markets are the foundation of Africa’s industrial future

Regional Integration Remains Fragmented

Efforts to connect Africa’s fragmented power systems are progressing, though at different speeds across regions. In Southern Africa, the World Bank’s RETRADE SAPP program, approved in 2025, is deploying $12 million to strengthen renewable integration and transmission capacity across 12 member states. In East Africa, the Ethiopia–Kenya–Tanzania Electricity Highway is now in trial operations at up to 2,000 MW, marking a significant step toward a more interconnected regional grid.

West Africa is also moving toward deeper integration, with permanent synchronization of the West Africa Power Pool expected in 2026. Analysts, including the African Finance Corporation, argue that such synchronization is critical to unlocking large-scale hydropower potential and industrial demand across the region. Longer term, full synchronization between the Eastern and Southern African power pools – targeted for the end of 2026 – could create one of the world’s largest cross-border electricity trading corridors.

Building Bankable Financial Architectures

While interconnection is advancing, infrastructure alone is not enough to create investable electricity markets. Investors consistently cite the lack of standardized offtake structures, creditworthy counterparties, and cross-border payment guarantees as key barriers to scaling capital deployment.

New models are emerging to address these constraints. Africa GreenCo, operating across Zambia, Namibia and South Africa, is helping to aggregate independent power producers under a single creditworthy intermediary, standardizing power purchase agreements and reducing counterparty risk. At a broader level, AUDA-NEPAD estimates that Africa requires around $30 billion in additional investment to complete priority transmission corridors and establish three fully interconnected regional trading blocs by 2030.

“Interconnected electricity markets are the foundation of Africa’s industrial future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The question at Africa Energy Week is not whether integration is possible – the evidence is already there. The question is which regulatory frameworks and financial structures will get projects to financial close, and which markets will be ready when capital is looking to move.”

The Power Africa Today conference will run alongside AEW 2026, taking place October 12–16 in Cape Town, and will focus on the regulatory, financial and infrastructural architecture needed to build interconnected electricity markets capable of attracting institutional capital and delivering reliable, cross-border power at scale.

Distributed by APO Group on behalf of African Energy Chamber.

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African Development Bank Group and La Francophonie Sign Partnership Agreement to Promote Youth Employment in Francophone Africa

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The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France

PARIS, France, June 25, 2026/APO Group/ –The African Development Bank Group (www.AfDB.org) and The International Organization of La Francophonie (OIF) on Wednesday entered a strategic partnership to strengthen digital skills, employability, and entrepreneurship of young people and women in five African countries: Benin, Cameroon, Guinea, the Democratic Republic of the Congo and Madagascar.

 

The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France. The agreement will address a major challenge faced by countries in the Francophone world and across Africa: providing young people with access to opportunities offered by the digital economy and fostering the emergence of a new generation of entrepreneurs.

The partnership calls for the implementation of training programs in digital professions and entrepreneurship, in fields such as web and mobile development, cybersecurity, artificial intelligence, and data analysis. Participants will also receive guidance toward employment and self-employment, as well as support for innovation and business creation, notably through training camps, prototyping activities, and partnerships with incubators and accelerators.

The African Development Bank Group and OIF will also work with national authorities in these five countries and training institutions to sustainably strengthen local capacities and promote ownership of the programs by national stakeholders. An initial pilot phase, lasting 12 to 24 months, will be rolled out in the five partner countries, followed by a gradual expansion to other member states depending on the results achieved.

The African Development Bank Group is pursuing a bold agenda based on “Four Cardinal Points” developed by Dr Ould Tah, the third of which is ‘Turning Demographics into a Dividend.’ This is about strategically converting Africa’s rapidly growing and youthful population into a decisive engine of inclusive growth, productivity, and innovation through large-scale investment in human capital—particularly youth and women.

 

It sees Africa’s growing young population not as a risk, but as a major asset. With the right policies and investments, this potential can create jobs, help small businesses grow, bring more informal businesses into the formal economy, and equip young people with the skills needed for the future. By investing more in education, science and technology, vocational training, entrepreneurship, finance, and digital tools, Africa can help its people drive economic transformation, stay competitive, and build lasting, resilient growth.

The OIF said the agreement marked the first concrete step in its initiative to mobilize innovative and additional funding for its most impactful projects.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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