Lagos - MTN, the mobile network operator, and
Jumia, Nigeria’s leading online shopping site, have partnered for a
first-of-its-kind competition that is envisaged to build a stronger and more
sustainable business environment across Africa.
Launched on Tuesday morning, the pan-African competition
brings together over 1 000 entrepreneurs, students and investors, to
collaborate on ways to amplify and consolidate the continent's entrepreneurs.
Targeting more than 60 universities in 13 countries across
Africa, the competition will challenge students to develop a unique digital
application or smart solution that would ill solve tangible problems faced on
MTN's Group Chief Digital Officer, Herman Singh, said the
Entrepreneurship Challenge was aligned to MTN's own entrepreneurial culture and
history as well as our values as a business.
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“We believe inspiration of new business leaders in Africa
and their enablement to success, will be key drivers for the future rapid
evolution of a broader start-up culture on the continent.
This is an environment already teeming with excellent
potential and we hope to assist in accelerating its further growth and to raise
MTN's role in creating new businesses in Africa," said Singh.
Bankole Cardoso, Head of Communications at Jumia, said
the competition would contribute to building a stronger and more sustainable
business environment across Africa.
“Its main goal is to boost and fuel African
entrepreneurship by enabling young and smart entrepreneurs to kick off with
their own projects. The key for us is to give full and adapted support to young
talents, from funding to mentorship from experienced entrepreneurs,"
The winner of the MTN Entrepreneurship Challenge powered
by Jumia will win a cash prize of US$25 000 towards their start-up, and will
also benefit from a yearlong partnership with Jumia.
The winner will also have access to a Facebook Start
Program to the value of $15 000, which includes tools and services needed to
build mobile applications.
In addition, they will have the opportunity to work from
the MTN Solution Space at the University of Cape Town's Graduate School of
The two runners-up will each receive $5 000 towards their
Applications for the first round of the multi-phased
competition are open from today and will close on March 27.
The finalists will be announced on April 16.
- CAJ News