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Grand Prize Winner Crowned at the Sixth Africa’s Business Heroes (ABH) Summit and Grand Finale, Marking a Landmark Year for African Entrepreneurship

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Africa’s Business Heroes

The ABH Summit and Grand Finale in Kigali, Rwanda, celebrated the Top 10 finalists, selected from nearly 20,000 applicants to compete for a share of the $1.5 million prize

KIGALI, Rwanda, March 16, 2025/APO Group/ –The Africa’s Business Heroes (ABH) Prize Competition (www.AfricaBusinessHeroes.org), a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, has announced the grand prize winner of its sixth annual competition, along with the first and second runners-up, at the latest ABH Summit and Grand Finale.

The ABH Summit and Grand Finale in Kigali, Rwanda, celebrated the Top 10 finalists, selected from nearly 20,000 applicants to compete for a share of the $1.5 million prize. Under the theme “AI – African Innovation, Insight and Impact,” they pitched their businesses to a live audience and a distinguished judging panel, including Dr. Diane Karusisi, CEO of Bank of Kigali and Ibukun Awosika, Founder of the Chair Centre, who were joined by Fred Swaniker, Founder and CEO of Sand Technologies. The event culminated in the awards ceremony, where the winners were unveiled.

The top three Africa’s Business Heroes for 2024 are:

1st – winning US$300,000 – Henri Ousmane Gueye, Co-founder & CEO, EYONE (https://Eyone.net/) (Senegal)

2nd – winning US$250,000 – Dr. Salma Bougarrani, Co-Founder & CEO, GREEN WATECH (www.GreenWatech.com) (Morocco)

3rd – winning US$150,000 – Alexander Odhiambo, Founder & CEO, Solutech Limited (www.Solutech.co.ke) (Kenya)

Commenting on the win, Henri Ousmane Gueye said, “I am very proud to be announced as the winner of the 2024 ABH Prize Competition. This achievement is the result of a lot of hard work, and I am incredibly proud of my team. It’s a significant milestone for us, and it serves as an encouragement for us to keep working towards solving the problem our innovation addresses. It motivates us to continue tackling the big challenges our country faces.”

ABH Managing Director – Africa, Zahra Baitie-Boateng highlighted the debut of ABi, ABH’s AI co-host, at this year’s Summit and Grand Finale, noting its role in providing insights, sparking discussions and enhancing connections. She emphasized the ingenuity of the Top 10 finalists, whose impact showcases entrepreneurship’s power to address Africa’s challenges. “Congratulations to Henri and all our finalists! As we celebrate their success, we’re excited to launch the 2025 call for applications and continue empowering Africa’s next business leaders.”

Africa’s future will be shaped by those who see challenges as opportunities and take action

ABH announced that Rwanda will host the Summit and Grand Finale for the next four years, reinforcing its role as a hub for entrepreneurship. The Rwanda Development Board (RDB) and Rwanda Convention Bureau (RCB) were recognized as key partners, with Bank of Kigali also supporting the event.

A Summit of Entrepreneurial Insights and Thought Leadership

The two-day ABH Summit and Grand Finale brought together 1,606 participants, showcasing thought leadership and top entrepreneurial talent. Discussions explored how entrepreneurship addresses Africa’s key challenges in healthcare, agriculture and education. The event featured live podcast recordings, a debate, TED-style ABHx talks, a financing masterclass and interactive experiences like the ABH Heroes’ Circle business ‘roast’ and Networking in the Dark, a blindfolded networking session.

With over 50 distinguished speakers from 15 countries, the lineup included Jean-Guy Afrika, CEO of the Rwanda Development Board; Nick Hu, Executive Director of Health Innovation at Sand Technologies; Dr. Brenda Kateera, Country Director at the Clinton Health Access Initiative; Nathalie Munyampenda, CEO of Kepler; and Hasan Haider, Founder & Managing Partner at PlusVC and ABH Semi-Final judge.

In her opening keynote, ABH Grand Finale judge Ibukun Awosika emphasized ‘African Intelligence’ as key to shaping the continent’s entrepreneurial future. She highlighted purpose-driven leadership, lived experiences and local ingenuity in driving impactful solutions. “Africa’s future will be shaped by those who see challenges as opportunities and take action,” she stated.

The 2025 ABH Call for Applications

The event closed with the official launch of the 2025 call for applications, inviting African entrepreneurs to apply for the next edition of the competition and stand their chance to win a share of $1.5 million USD. Full details for interested applicants can be found at: https://apo-opa.co/4bucitT

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

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

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

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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