Alaa Moatamed, Co-Founder of Presto, a leading delivery management service, takes home the $25 000 Grand Prize.
EdTech entrepreneur Matina Razafimahefa, 22, from Madagascar emerged as the first runner up ($15 000), while 22-year-old infrastructure entrepreneur, Mohamed Bah from Sierra Leone, was the second runner up ($12 500).
The 20 finalists were selected from an impressive initial pool of more than 1 000 young entrepreneurs, up from 600 in 2019. The Anzisha Prize is proud to have attracted applicants from more than 30 African countries, across multiple sectors.
Each of the 20 finalists, who made it through the rigorous selection process, will receive $2 500 and will have the opportunity to join a fellowship of 122 entrepreneurs who receive venture building support and mentorship.
Since 2011, Anzisha Fellows have created over 2 000 jobs – 56% of which have been for young Africans under 25.
Presto is an automated delivery system that connects vendors with customers and suppliers. The platform provides a crowd-sourced network of delivery agents for small businesses. Presto has been successful since it launched in 2019 and serves 300 stores and merchants in two cities.
“Across upper Egypt, I saw people suffering from the problem we are solving and I wanted to try my best to help them, especially small businesses owned by women. I want to expand my service across Africa to help women who are suffering from operational hassles,” says Moatamed.
The first runner up, Matina Razafimahefa, is the Founder of Sayna, an innovative EdTech venture. Her business sources, trains, and produces highly equipped young Africans in industry-specific digital skills. Since its inception, the venture has expanded its training to Comoros, Ivory Coast, Benin, and Senegal.
To date, Sayna has placed 80 percent of its students in the global IT marketplace.
Second runner up, Mohamed Bah, is the Founder of Information for All (IFA) – a venture that constructs drills and repairs water wells and toilets, which ensures water sustainability and hygiene for water-deprived communities. To date, the IFA team has drilled over 20 wells and provided clean water to thousands of people.
“The young people who have participated in the Anzisha Prize over the last decade remind us that betting on Africa’s young people is a recipe for success. Now more than ever, we need their entrepreneurial spirit,” said keynote speaker, Reeta Roy, President and CEO, Mastercard Foundation.
The Anzisha Prize is a partnership between the African Leadership Academy and the Mastercard Foundation.
The 2020 Anzisha Prize Finalists were celebrated on Tuesday, 27 October, during the programme’s 10th-year virtual awards ceremony. Thousands of viewers tuned in to commemorate young innovative African entrepreneurs who are creating jobs in their communities.
Applications for the next cycle of the Anzisha Prize will open on 15 February 2021. If you would like to nominate young entrepreneurs, visit anzisha.org/nominate.
For those who would like to re-live the moment when Alaa was announced as this year’s winner, visit anzisha.org/awards.
Featured image: Alaa Moatamed, Co-Founder of Presto