Connect with us

Business

Africa’s Business Heroes Prize Competition Announces 2023 Winners and Celebrates Five Years of Entrepreneurial Excellence

Published

on

Africa’s Business Heroes

The top three winners were selected through multiple stages of interviews and evaluations from a staggering 27,267 applications spanning all 54 African nations

KIGALI, Rwanda, November 25, 2023/APO Group/ — 

Entrepreneurs hailing from Nigeria, Kenya and Egypt were in the top three following the final pitching session in the Grand Finale; ABH (www.AfricaBusinessHeroes.org) grant recipients contribute to the creation of over 123,000 direct and indirect jobs through their entrepreneurial endeavors.

The Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, has named Dr. Ikpeme Neto from Nigeria; Thomas Njeru from Kenya and Ayman Bazaraa from Egypt the first, second and third prize winners, respectively, of this year’s competition. The announcement took place during an AR-enabled Grand Finale held in Kigali, Rwanda, which also captivated a global audience through a live broadcast.

The top three Africa’s Business Heroes for 2023 are:

1st – winning US$300,000 – Dr. Ikpeme Neto, CEO and Founder, Wellahealth Technologies (https://apo-opa.info/3qVGqvr) (Nigeria)

2nd – winning US$250,000 – Mr. Thomas Njeru, CEO and Co-Founder, Pula Advisors Limited (https://apo-opa.info/3L4blfF) (Kenya)

3rd – winning US$150,000 – Mr. Ayman Bazaraa, CEO and Co-Founder, Sprints (www.Sprints.ai) (Egypt)

The top three winners were selected through multiple stages of interviews and evaluations from a staggering 27,267 applications spanning all 54 African nations. They have demonstrated exceptional ingenuity and tenacity, substantially impacting their communities and beyond.

Apart from the three final winners, the top 10 contestants will each receive US$100,000 in prize funding from ABH. An extra US$10,000 will also be allocated to each of the top 10 finalists for post-competition training programs.

I am excited for the recognition of Wellahealth Technologies’ work, and grateful for my team, family and the ABH team for making this impact in healthcare across Africa possible

“I am deeply honored to be named this year’s Africa’s Business Heroes winner. This award energizes my commitment to driving positive change through innovation. I extend heartfelt gratitude to ABH for empowering entrepreneurs like me, and I am dedicated to shaping a brighter future for our continent through entrepreneurship. I am excited for the recognition of Wellahealth Technologies’ work, and grateful for my team, family and the ABH team for making this impact in healthcare across Africa possible,” said Dr. Ikpeme Neto, CEO and Founder, Wellahealth Technologies, ABH 2023 First Prize Winner.

“The winners of this year’s ABH competition embody bold ambition and innovation, exemplifying the true essence of entrepreneurial spirit and a deep commitment to addressing societal challenges. The judges recognized them for their remarkable ability to turn challenges into opportunities, unwavering commitment to community betterment, and innovative approaches to solving pressing issues. Their resilience, passion and impactful contributions make them not just business leaders, but true champions of change,” said Jason Pau, Executive Director of International Programs, Jack Ma Foundation.

Audiences from across the globe watched the Grand Finale both live and online, closely following the top 10 finalists as they pitched their businesses on stage to a final panel of esteemed judges: Dr. Diane Karusisi, CEO of Bank of Kigali; Ibukun Awosika, Founder and CEO of The Chair Centre Group; and Joe Tsai, Chairman of Alibaba Group.

2023 sees the 5th anniversary of ABH, marking the halfway point in the prize competition program. To commemorate this milestone, a celebratory summit spanning two days from November 23 to 24 was held in conjunction with the Grand Finale. Themed “AI: African Insight, Innovation, Impact,” the ABH Summit and Grand Finale brought together more than 1,750 entrepreneurial ecosystem players and aspiring entrepreneurs from across Africa in the largest physical event in ABH’s history. In addition to the live pitching sessions held as part of the Grand Finale, the event featured a series of speeches and workshops, a showcase of the work of past ABH heroes and an afterparty to celebrate the anniversary, among other activities.

Since 2019, grant recipients of the ABH Prize Competition have achieved remarkable milestones, collectively raising over US$153 million in investments and serving a vast base of over 37.5 million customers or users. Collectively, these entrepreneurs have received US$7 million in prize money, facilitating their operations in 52 African countries. Notably, their endeavors have led to the creation of over 123,000 direct and indirect jobs, contributing to the region’s economic development. With a combined reported revenue exceeding US$252 million, ABH grant recipients continue to exemplify the transformative power of entrepreneurship in fostering growth, innovation and socio-economic impact across the African continent.

Over the past five years, ABH has received immense support from investors, entrepreneurs and business professionals from across the globe. A total of 903 volunteers have collectively devoted over 15,280 hours to judging, mentoring and supporting thousands of contestants, underscoring the powerful spirit of collaboration that fuels the success of the competition.

Read more about ABH’s history and achievements from the Africa’s Business Heroes 5th year anniversary report (https://apo-opa.co/47RnSvV).

Pau added, “In commemorating our five-year journey, we extend our gratitude to all the judges, volunteers and partners who have worked hand-in-hand together on this remarkable journey. Looking back, we find strength in the tenacity of the entrepreneurs we have supported together. Moving forward, our mission is clear: to continue our work with ecosystem stakeholders to identify and support even more African Business Heroes so that their stories inspire millions more.”

The Africa’s Business Heroes Prize Competition strives to foster an inclusive and dynamic entrepreneurial landscape in Africa. In its fifth year, this annual competition continues to spotlight the remarkable talents of African entrepreneurs dedicated to effecting positive change within their communities. What sets ABH apart is its grassroots orientation, coupled with its age, gender and sector-agnostic approach.

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

Business

Congo Is Turning Reserves into Bankable Projects – and the Investment Window Is Opening

Published

on

Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027

BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.

 

What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.

Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.

Policy Reform Is De-Risking Investment

Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.

Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.

A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.

The Projects Driving the Next Cycle

Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.

Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.

Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.

While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.

Local Content Is Reshaping Investment Terms

Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.

Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.

At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.

As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.

Distributed by APO Group on behalf of Energy Capital & Power.

 

Continue Reading

Business

Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications

Published

on

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event

CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.

 

The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.

We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.

The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.

Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”

Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships  to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.

For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.

Distributed by APO Group on behalf of Afreximbank.

 

Continue Reading

Business

Islamic Development Bank (IsDB) Institute Unveils 2025 Annual Report During Group Annual Meetings in Baku

Published

on

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.

 

The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on IsDBI website here (https://isdbinstitute.org/product/isdbi-annual-report-2025/).

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

Continue Reading

Trending

Exit mobile version