We had earlier announced the Africa Awards for Entrepreneurship, an annual award that celebrates high performing African entrepreneurs with track records of business excellence. Today, the African Leadership Network in partnership with Omidyar Network announced 12 finalists for the 2012 Africa Awards for Entrepreneurship.
This year’s finalists were selected from a pool of over 1200 companies representing eight African countries. This year’s winners stand teh chance to win $200,000 at a gala ceremony which will be held at the Movenpick Ambassador Hotel, Accra, Ghana on 11th October 2012.
The finalists for the 2012 Awards are:
Outstanding Small and Growing Business Award
- La Laiterie du Berger: A Senegalese dairy company that sources and processes milk from semi-nomadic Fulani pastoralists living along the Senegal River
- Bloodhound Technology: A South African company that provides real-time personnel tracking and productivity services to leading security companies in the region – www.bloodhoundsa.com
- Bridge International Academies: The company behind the biggest chain of low-cost private schools in Africa that runs 80 academies in Kenya with over 25,000 students – www.bridgeinternationalacademies.com
Mature Business Award
- Food Concepts PLC: An integrated food company that pioneered the food court concept in Nigeria, and one of the largest fast food companies in the country – www.foodconceptsplc.com
- Secure ID Ltd: Nigerian Smart Card manufacturing company that runs the leading Europay, MasterCard and Visa certified card plant in West Africa, one of six such companies in Africa, and 80 worldwide – www.secureidltd.com
- RLG Communications Ghana Ltd: Ghanaian computer and hand-set manufacturing company, and one of the first indigenous African companies that assembles laptops and mobile phones – www.rlgghana.com
Transformational Business Award
- Fidelity Bank Ltd: The fastest growing bank in Ghana that has expanded from one branch in 2006, to being the sixth largest bank in Ghana with 45 branches, a customer base of over 300,000 and deposits of more than USD 500 million in just six years of existence as a fully-fledged bank – www.fidelitybank.com.gh
- Export Trading Group: The leading agricultural commodity supply chain operator in East and Southern Africa, with 75 entities, 60 commodity lines, and presence in 26 countries in Africa, and 40 globally – www.etgworld.com
- Quality Chemicals Industries Ltd: Leading Ugandan life sciences and distribution company that manufactures triple-combination antiretroviral (ARV) drugs in Sub-Sahara Africa – www.qcil.co.ug
- Societe D’Articles Hyginieques: Tunisia’s leading producer of absorbent hygiene products, including baby care, feminine care, incontinence care and related paper products with 45% of the market share in the country
- Orbit Chemicals Industries Limited: Leading Kenyan manufacturer and distributor of commercial cleaning chemicals and hygiene solutions – www.orbitchem.com
The winner for the Lifetime Achievement Award will be announced during the Awards Gala Ceremony on 11th October in Accra, Ghana.
The Africa Awards for Entrepreneurship was established in 2007 by the Legatum Group to recognize and award business leaders who serve as role models to Africa’s aspiring entrepreneurs and who demonstrate business excellence, innovation and profitability. Now in its sixth year of existence, the Awards have grown into Africa’s most prestigious business and entrepreneurship honours. In July 2012, the African Leadership Network won the exclusive licence to host the Awards from Legatum Group. Omidyar Network, the philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives, is sponsoring the awards for the third consecutive year.
The 2012 Awards will recognize winners in four categories:
- Outstanding Small and Growing Business Award, which has a USD 50 000 prize, awarded to a young, remarkable business with revenues between USD 500 000 and USD 5 million;
- Mature Business Award, which has a USD 100 000 grand prize and USD 50 000 runner up prize, awarded to a remarkable African business with revenues between USD 5 million and USD 50 million;
- Transformational Business Award, bestowed on a notable business leader who has had a major socio-economic impact in Africa by building a business with revenues greater than USD 50 million;
- Lifetime Achievement Award, conferred on a senior African business leader who has served as an entrepreneurial icon for several decades and has left an enduring legacy of success in Africa.
“We commend the finalists for their outstanding work and join them in celebrating this tremendous achievement,” said Fred Swaniker, CEO and co-founder of the African Leadership Network. “The 2012 Awards have been particularly competitive, and these companies represent the finest of a shortlist of 1200 companies from 50 African countries. The African Leadership Network believes that entrepreneurship is critical to building prosperity in Africa. These Awards shine a light on Africa’s most promising entrepreneurs and distinguish them as role models for the next generation of entrepreneurs. We hope that the recognition will help them have even greater impact on the continent.”
“We are very pleased to announce the finalists and congratulate each for their remarkable accomplishments,” said Malik Fal, managing director for Omidyar Network Africa. “At Omidyar Network we are deeply committed to strengthening entrepreneurship in Africa and believe firmly in the power of business to drive positive social impact. We are especially encouraged by the growing success of the Awards, which today are a truly Pan-African institution and a key platform for nurturing an ecosystem in which high-impact entrepreneurs on the continent can thrive. The quality, diversity and number of the entrants demonstrate the immense potential of entrepreneurs to contribute to Africa’s development.”
The 12 finalists were determined after a rigorous screening process that focused on the soundness of the business model, financial health, integrity of business practices, and the contribution to socio-economic development. The Awards now enter the final stage where a panel of eight eminent business leaders will choose the winners for the Awards’ four categories.