Three finalists emerge in the MTN Entrepreneurship Challenge

The top three finalists in the MTN Entrepreneurship Challenge, which aims to boost entrepreneurship and innovation, as well as build a stronger and more sustainable business environment on the continent, have been unveiled.

In no particular order, the finalists are described below. (Nigeria) is a web, desktop and mobile-based CBT examination preparatory and testing platform, with a vision to help candidates excel in all the major Nigerian Examinations and tests.

MedRX (Ghana) is an interactive health platform for all users who have health needs. The app connects users to health personnel from various fields of practice including hospital, pharmacy, laboratory and academia.

Village Community Banks (Vicoba) from Tanzania are an important instrument of development work, allowing people who do not have access to conventional bank accounts, to access informal investment groups.

Vicoba app creates a collaborative platform that includes existing tools for financial and task management in a way that is adapted for the African market.

The three finalists will face a panel of experienced business leaders at the Entrepreneurship Festival, where the winning team will be named.

The panel includes Jeremy Hodara, co-CEO Africa Internet Group, Professor Walter Baets, Director of the University of Cape Town Graduate School of Business, and Herman Singh, MTN Group Chief Digital Officer.

“We are incredibly impressed with the calibre of applicants and the level of innovation shown. We are looking forward to the finals and wish our contenders the best of luck. We are certain that whichever team emerges victorious, it is the continent that will be the biggest winner, as entrepreneurship and locally developed solutions are what will enable the growth and development of this continent,” said Herman Singh, MTN Group Chief Digital Officer.

The winners will be awarded the opportunity for incubation at the premises of either MTN Solution Space at the University of Cape Town Graduate School of Business, or at one of 9 Jumia offices in Africa.

The winner will also win a cash prize of US$25,000 towards their start-up and have access to a FbStart Programme to the value of US$15,000, which includes tools and services needed to build mobile applications.

The finalists were selected following a rigorous selection process which involved more than 700 applicants from 26 countries across Africa.

The MTN Entrepreneurship Challenge is a joint initiative of MTN, Jumia and the MTN Solution Space based at the University of Cape Town Graduate School of Business.

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