00:00:00 IGIHE NETWORK KINYARWANDA ENGLISH FRANCAIS

Rwandan entrepreneur Albert Munyabugingo wins over Rwf120 million as Africa’s Business Heroes 2023 concludes

By Theophile Niyitegeka
On 25 November 2023 at 08:54

Rwandan entrepreneur Albert Munyabugingo, the founder of Vuva Vuba Africa Ltd, a delivery company, has secured a remarkable victory by walking away with a prize of US$100,000 as Africa’s Business Heroes 2023 concluded its grand finale on Friday, November 24th, 2023, at Kigali Convention Centre.

The Africa’s Business Heroes (ABH) Prize competition, in its fifth consecutive year, is a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy.

Munyabugingo, among the ten finalists, was selected from a pool of over 27,000 applicants spanning all 54 African nations after months of meticulous evaluation by a panel of esteemed judges.

The finalists represented eight countries: Rwanda, Benin, Egypt, Ghana, Kenya, Morocco, Nigeria, and South Africa.

Munyabugingo, is one of ten African entrepreneurs who will share a grant of US$1.5 million from ABH. The grand finale, coinciding with the celebration of ABH’s fifth anniversary, saw three entrepreneurs from Egypt, Kenya, and Nigeria emerge as the top winners of the 2023 grants.

The grand prize of $300,000 went to Dr. Ikpeme Neto, the CEO and founder of Wellahealth Technologies in Nigeria. The first runner-up, Thomas Njeru, CEO and co-founder of Kenyan agriculture company Pula Advisors Limited, secured $250,000. The second runner-up, Ayman Bazaraa, CEO and co-founder of Egyptian education and training company Sprints, received $150,000.

In addition to Munyaneza, the other seven innovators were awarded $100,000 each. Notable among them are Bola Bardet, CEO and co-founder of Susu, a Beninese healthcare company; Ismael Belkhayat, CEO and founder of Moroccan fintech company Chari; and Mohammed Ali, founder and CEO of Egyptian electrical company iLock.

The list also includes Sierra Leonean Nthabiseng Mosia, co-founder of energy distributing company Easy Solar, and Theo Baloyi, CEO and founder of South African retail company Bathu, along with Christina Mawuse Gyisun, CEO and co-founder of Sommalife, a Ghanaian agriculture enterprise.

Since 2019, six Rwandan entrepreneurs have received a total of $485,000 in funding from the Alibaba initiative.

These include Albert Munyabugingo, founder of Vuba Vuba; Francine Munyaneza, founder of Munyax Eco; Yvette Ishimwe, founder and CEO of IRIBA Water Group; Christelle Kwizera, founder of Water Access Rwanda; and Kevine Kagirimpundu, co-founder and CEO of UZURI K&Y.

Munyabugingo, is one of ten African entrepreneurs who will share a grant of US$1.5 million from ABH.
Munyabugingo pitching his project at the grand finale in Kigali.
Munyabugingo was selected from a pool of over 27,000 applicants.
The grand prize of $300,000 went to Dr. Ikpeme Neto, the CEO and founder of Wellahealth Technologies in Nigeria.
Thomas Njeru, CEO and co-founder of Kenyan agriculture company Pula Advisors Limited, secured $250,000.
The second runner-up, Ayman Bazaraa, CEO and co-founder of Egyptian education and training company Sprints, received $150,000.
The three entrepreneurs from Egypt, Kenya, and Nigeria who emerged as the top winners of the 2023 ABH's grant.

Advertisement

YOUR OPINION ABOUT THIS ARTICLE

RULES AND REGULATIONS
Kwamamaza