The 2011 Africa Awards for Entrepreneurship will officially open for entries on May 30th 2011 and conclude in early December with an expanded Gala Awards event in conjunction with a high-profile conference on entrepreneurship. The winning company will win a Grand Prize of $100,000 and five other companies will win prizes of $50,000 each.
Applications must be submitted on line and winning companies will be judged by a world-class panel of experts for excellence in business performance, strategies for growth, visionary leadership, innovation, and core values. Successful companies will demonstrate the power of business in creating impact within their communities, by fostering job creation and improving living standards and prosperity overall.
Here is a video report on last year’s awards
Check out a profile of last year’s winner below.
2010 Winner of the Legatum Afrrica Awards for Entrepreneurship
Overall winner: Craft Silicon Ltd
Chief Executive Officer: Mr. Kamal Budhabhatti
Description: Craft Silicon is a global software company based in Kenya that provides software solutions for core banking, microfinance, switching and electronic and mobile payments across four continents.
Does your business have what it takes to win?
For more information, visit the contest website at www.africaawards.com
Legatum is a privately owned international investment group whose primary focus is commercial investment, and which also applies its investor’s expertise to a long- standing involvement in the sustainable development of communities around the globe. For more information, please visit Legatum’s website at http://www.legatum.com.
The Legatum Group is composed of five divisions:
A private portfolio investment firm that manages a multi-billion dollar fund investing only proprietary capital focussed on finding value in transitioning companies, sectors and countries. Legatum Capital’s mission is to maximise its absolute long-term return on investment in the world’s capital markets.
Invests private capital in growing enterprises that promote prosperity in the developing world. Ventures’ vision is to play a defining role in the creation of a new asset class within the global capital markets – one in which investors can do well by doing good.
An independent, non-partisan organisation that researches and advocates an expansive understanding of global prosperity. Prosperity comprises both material wealth and well-being and includes factors such as liberty, opportunity, security and overall human flourishing.
Legatum Center for Development and Entrepreneurship at MIT
Founded on the belief that economic progress and good governance in low-income countries emerge from entrepreneurship and innovations that empower ordinary citizens. The Center administers programs and convenes events that promote and shape discourse on bottom-up development. Led by Iqbal Z. Quadir, founder of Grameenphone and Emergence BioEnergy, the Center runs a highly competitive fellowship program for MIT graduate students who intend to launch enterprises in low-income countries. In addition, the Center convenes an annual conference, hosts lectures, and supports teams of enterprising men and women at MIT who are passionate about starting viable businesses in the developing world.
The Legatum Foundation’s mission is to liberate the human potential of those suffering abject poverty. The Foundation seeks to influence and redefine conventional approaches to social development by promoting initiatives that enhance the optimal allocation of human, intellectual and financial capital.