Business
Africa’s Business Heroes Announces Top 50 Finalists for 2024 Prize Competition
Published
2 years agoon
The competition is a philanthropic program supported by the Jack Ma Foundation and Alibaba Philanthropy to honor and elevate African entrepreneurs
KIGALI, Rwanda, July 31, 2024/APO Group/ —
After receiving ~20,000 applications from all 54 African countries, the Africa’s Business Heroes (ABH) (www.AfricaBusinessHeroes.org) Prize Competition has revealed the Top 50 Finalists for its 2024 edition. The competition is a philanthropic program supported by the Jack Ma Foundation and Alibaba Philanthropy to honor and elevate African entrepreneurs. This year’s competition reflects an increasingly diverse applicant pool cementing the competition’s reputation as Africa’s largest and most inclusive competition.
Since its inception in 2019, ABH has dedicated itself to identifying, supporting and spotlighting talented African entrepreneurs. Annually, this sector-agnostic competition awards a total grant of $1.5 million to 10 deserving entrepreneurs. Beyond financial support, ABH provides its Finalists and the broader entrepreneurial community with significant exposure, training, mentorship and networking opportunities.
“Over the past five years, the ABH Prize Competition has seen growth and increased participation from critical demographics, reflecting our commitment to inclusivity. This year, we are thrilled to recognize the exceptional talent and potential of the top 50 Finalists, who embody the diverse entrepreneurial spirit of our continent. As these entrepreneurs lead the way toward a brighter future for Africa and beyond, we’re proud to highlight their innovative achievements. At the same time, we look forward to the continued impact of ABH in empowering African entrepreneurs and driving positive change across the continent,” said Zahra Baitie- Boateng, Managing Director, Africa, Africa’s Business Heroes Initiative.
Expanding Reach and Inclusivity
The 2024 call for applications received submissions from all corners of Africa, demonstrating the continent’s vibrant entrepreneurial spirit. Notably, female applicants reached 39%, surpassing the five-year average of 30% and North African representation increased from the five-year average of 5% to 9%.
Building on this momentum, the 2024 ABH top 50 represents a diverse spectrum, encompassing 14 sectors across 18 countries, with 40% female and 20% francophone representation. Agriculture remains the most prominent sector, alongside strong showings in Education and Healthcare, continuing trends from previous years. This diversity among finalists mirrors the broad range of applicants, underscoring ABH’s commitment to inclusivity. Increased participation across regions and demographics reflects a growing cadre of changemakers making significant local and global impacts.
Benefits for the Top 50 Finalists
Over the past five years, the ABH Prize Competition has seen growth and increased participation from critical demographics, reflecting our commitment to inclusivity
The top 50 Finalists will receive a range of benefits enhancing their entrepreneurial journey as they advance to the next stages of the competition. They will become members of the global ABH community, gaining access to a network of like-minded innovators. Additionally, they will benefit from ABH programs, designed to further develop their skills and business acumen. One of the first of these activities is the ABH Top 50 Virtual Bootcamp, where Finalists will participate in capacity-building workshops delivered by African business leaders and members of the entrepreneurial ecosystem, including ABH partners, judges, and Heroes.
The workshop sessions cover a range of essential topics. Dorcas Rutunda (https://apo-opa.co/3A5UhU8), Head of Expansion at ITM Africa Ltd. (www.ITM-Rwanda.com), will lead a session on building a winning team. Ozan Sonmez (https://apo-opa.co/3WrZv3Z), an ABH Judge, will discuss leveraging AI for business productivity. There will be a session offering insights on hacking growth through digital marketing. Business planning will be covered by Guillaume Darnaudet (https://apo-opa.co/4ftVipo), an entrepreneur and coach with GD Consulting. Additionally, there will be a session on investment readiness conducted by Founders Factory Africa (www.FoundersFactory.Africa).
Finalists will also receive extensive media exposure through press releases, articles, and media interviews which will amplify their business stories and successes.
2024: Highlighting Innovators and Enhancing Community
Over the years, ABH has showcased outstanding participants through traditional media and social media channels. This has included providing significant exposure to the top 10 Finalists via the ABH Show, which recounts their ABH journey and entrepreneurial stories through the pitch competition. This year, ABH continues to highlight the inspirational narratives behind past Finalists’ entrepreneurial journeys through its ‘Hero Stories’ series on social media.
ABH has also announced an upcoming community-building initiative, in recognition of the continent’s emergence as a hub of entrepreneurial excellence. In addition to its grant and other programs, ABH is set to further support trailblazing entrepreneurs reshaping industries and creating global impacts by launching hubs in major African cities, which will be announced soon.
The Top 50 Finalists will now advance to Round 2 of the ABH evaluation process. In August, the Top 20 Finalists will be announced and proceed to Cairo for the Semi-Finale after a rigorous due diligence process by PlusVC (https://Plus.VC). The Top 10 Finalists will then be revealed in September and pitch at the Grand Finale in Kigali, Rwanda in early December.
For details about this year’s 2024 ABH top 50 participants, please visit: www.AfricaBusinessHeroes.org.
Distributed by APO Group on behalf of Africa’s Business Heroes (ABH).
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Nigeria and Senegal Must Follow Ghana and Mozambique Against Exclusionary Practices
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1 week agoon
April 10, 2026
African private sector leaders call for withdrawal from Frontier Energy events that marginalize local talent, championing inclusion, fair contracting and the Alliance model of partnership
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Africa will no longer sit quietly while its talent is excluded from opportunities on its own continent
The gold standard for companies to thrive in Africa is robust collaboration with international partners while building local capacity – exemplified by Senegal-based energy services company Alliance Energy. Alliance has advanced African expertise in the sector, notably supporting the launch of the National Institute for Petroleum and Gas in Senegal to train young professionals for leadership roles, while backing diverse energy initiatives across power, solar, gas and wind that strengthen Senegal’s position as a regional energy hub.
This success demonstrates that African companies flourish when local talent, leadership, contracting and workforce development are central to execution, alongside strategic partnerships with the US, UK and Europe. Any entity attempting to operate in Africa without a commitment to hiring or contracting local professionals threatens not only the ecosystem that nurtured companies like Alliance Energy but also the continent’s broader ambition to grow regional capability, ownership and sustainable energy development.
“The message is simple,” says Dr. Ndjuga Dieng, Managing Director of Alliance Energy. “Africa will no longer sit quietly while its talent is excluded from opportunities on its own continent. Nigeria, Senegal and all African nations must follow the lead of Ghana and Mozambique by standing against platforms that discriminate. Protect your people, your companies and your energy future. Inclusion is not optional – it is the foundation of growth.”
African energy markets have historically thrived on collaboration, both within the continent and with international partners. Events such as the Offshore Technology Conference (OTC) and the Invest in African Energy (IAE) Forum exemplify this model, integrating African executives, policymakers and service providers into core programming, deal-making and knowledge transfer.
African stakeholders must prioritize platforms that respect local content, equitable hiring and fair contracting. Strategic withdrawal from exclusionary events is not isolationism – it is a stand for principle, economic logic, and the future of Africa’s energy sector. The continent defines its own trajectory and will engage only with partners that recognize African talent as integral, not optional, to the industry’s future.
The position advanced by Alliance Energy aligns with broader advocacy across the continent, including that of the African Energy Chamber, which has consistently called for stronger local content policies, fair contracting practices and greater inclusion of African professionals across the energy value chain. This alignment underscores a growing consensus among African private sector leaders that sustainable industry growth depends on meaningful participation by local companies and talent, not their exclusion.
Distributed by APO Group on behalf of African Energy Chamber.
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Sheraton Nouakchott marks the entry of Marriott International in Mauritania
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April 10, 2026
As Mauritania’s cultural and economic heart, Nouakchott offers visitors a glimpse into the serene beauty and rich heritage that define this remarkable Northwest African nation
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Local design inspiration
Traditional crafts, from wood carving to metalwork, are woven throughout the hotel’s materials and furnishings, creating spaces that feel both rooted and refined. Every detail tells a story of local artistry, heritage and place, offering guests an immersive experience inspired by Mauritania’s cultural and natural beauty.
Inspired by the legendary landmarks along the Trans‑Saharan trade route, the hotel’s design blends regional heritage with contemporary elegance. The circular ceiling of Feast restaurant draws inspiration from the Richat Structure, also known as the Eye of Africa. Earthy tones and organic materials reference the dramatic landscapes of the Adrar Mountains, while patterns inspired by Chinguetti and Oualata are reinterpreted throughout guest rooms, public spaces and Bene restaurant.
Meeting spaces echo the stone architecture of Tichitt, one of West Africa’s oldest towns and a historic caravan hub.
Guest rooms and suites with local charm
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The Sheraton Club offers Marriott Bonvoy Elite members and Club guests an elevated, all‑day experience, with curated food and beverage offerings, premium amenities, enhanced connectivity and a private environment designed for both productivity and relaxation.
Local flavours meet international influence
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Facilities offering a resort feel in the heart of the city
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Meetings & events curated to perfection
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Distributed by APO Group on behalf of Marriott International, Inc..
Business
African Energy Chamber (AEC) Supports Perenco Partnership to Advance Industry 4.0 Skills in Central Africa
Published
1 week agoon
April 10, 2026
The African Energy Chamber welcomes Perenco Cameroon and Perenco Gabon’s partnership with UCAC-ICAM to launch an Industry 4.0 lab, advancing local skills development and strengthening Africa’s industrial future
As the voice of Africa’s energy sector, the African Energy Chamber (AEC) welcomes the initiative as a scalable model for local content development. By equipping students with Industry 4.0 capabilities, the laboratory directly supports the Chamber’s mandate to ensure greater in-country value creation and workforce participation across Africa’s energy value chain. The initiative also addresses critical skills shortages, enabling operators to increasingly rely on locally trained talent.
Developing local skills is fundamental to building a competitive and sustainable energy sector in Africa
The partnership underscores Perenco’s long-term commitment to sustainable development and capacity building in Cameroon and Gabon. Designed as a mini-factory, the UCAC-ICAM laboratory enables students to engage with real-world industrial tools and processes. This hands-on approach will support the development of engineers and technicians capable of contributing to key projects, including operations in the Rio del Rey Basin and infrastructure developments such as the Cap Lopez LNG terminal in Gabon.
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The UCAC-ICAM laboratory represents a strategic investment in Africa’s industrial and energy future. By strengthening local capacity, advancing technology adoption and supporting independent operators, the initiative aligns with the AEC’s broader vision of a self-sufficient and globally competitive African energy sector.
Distributed by APO Group on behalf of African Energy Chamber.

