The winners who were chosen from nearly 300 applications by an international panel of judges were awarded $10,000 each with the possibility of top-up funds if the winners meet set targets.
The SliceBiz is a web and mobile investment platform that uses crowdsourcing to connect promising startups with young investors in Africa, while Prowork is a web and mobile project management tool that enables businesses to create and assign tasks and track project status in real-time.
On the other hand, Ffene is a low-cost business management platform that helps small and medium-sized businesses simplify accounting, generate reports, and manage customer relations.
The Apps4Africa 2012: Business Challenge is an Africa-wide competition to develop sustainable technology-based solutions aimed at youth unemployment.
This is the third year the Apps4Africa competition has been run. It is open to any innovator living and working on the continent.
The 2012 Apps4Africa focused on business and officials asked young tech developers to submit their business ideas aimed at solving local problems.
“These young technology entrepreneurs—and the many others who competed this year—are the faces of a growing trend of innovative African start-up companies,” a statement released by the U.S. Department of State said.