BMCE Bank of Africa early this month announced its 4th edition of the African Entrepreneurship Award (AEA) that was launched in 2014 at the Marrakech Global Entrepreneurship Summit and illustrates the bank’s ambition to encourage entrepreneurship across borders in Africa by rewarding talent and technology.
This initiative aims to support talented entrepreneurs from Africa or Africans in the diaspora whose ideas create jobs and improve lives on the continent.
During the past 3 years the Award were dedicated to projects in education, environment, and uncharted categories, thus sports and innovation have been included. Over 12,000 entrepreneurs applied from 132 countries where only 112 were chosen as finalists and the presidential jury selected 33 winners to receive funding to launch or scale their business.
BMCE Bank of Africa operates in nearly 20 countries over the continent. With this fourth edition of the AEA, the bank reasserts its commitment to support and encourage young entrepreneurs in their efforts to create jobs and improve lives in Africa.
- The first round is open to all entrepreneurs to apply, from every country in Africa.
- Rounds two and three question entrepreneurs on the scalability and sustainability of their idea. Applicants are asked to support their project with an uploaded video or document.
- At the end of the journey, Finalists are flown in to Morocco for a Boot Camp, before they pitch in front of the presidential pury for their chance at USD$ 1 million.
Eligibility for the AEA
- African citizen, and over 18 years of age.
- Your idea or business is a for profit.
- You have a strategy for positive social impact.
- Your idea or business includes a technological component.
- Your idea or business is for Africa.
- Your idea fits in one of this year’s categories.
Interested applicants from Uganda, can submit (FOLLOW THE LINK) their applications not later than 30th April.
Notably, Uganda has been represented before by Olive Akware her product ‘Zimba’ that produces housing bricks and sustainable fish farms providing employment opportunities for dozens of single mothers. She was among the 2015 winners and was rewarded USD$25000. Finally, was Joyce Kyalema her product joycemark was among the 2016 winners and was rewarded USD$100,000. Her business creates products for the local and international market through a no-waste pumpkin process.