Africa’s Business Heroes Prize Competition 2024

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Africa’s Business Heroes (ABH) Prize Competition has launched its sixth annual continent-wide search for 10 exceptional entrepreneurs who are striving to make a positive impact in their local communities.

The Africa’s Business Heroes Prize Competition is a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy. This initiative aims to identify, support, and inspire the next generation of African entrepreneurs who are making an impact in their local communities, working to solve the most pressing problems, and building a more sustainable and inclusive economy for the future.

Every year, the Africa’s Business Heroes Prize Competition features 10 entrepreneur finalists as they pitch their business to win a share of US$1.5 million in grant money. These finalists also receive extensive exposure through the high-quality video narratives ABH produces about their stories and their ABH journeys.

Africa’s Business Heroes Prize Competition Applications are open in English and French to entrepreneurs from all African countries, all sectors, and all ages who operate businesses formally registered and headquartered in an African country, and that have a 3 year-track record.

Africa’s Business Heroes Prize Competition Benefits

Grant funds of up to $300 000: ABH Top 10 finalists share a prize pool of $1.5 million in grants ranging from $100,000 to $300,000. The winner takes home $300,000; The 1st runner-up and 2nd runner-up take home $250,000 and $150,000 respectively. All other 7 finalists, take home $100,000. An additional $100,000 is allocated for global immersion training.
Access to an exclusive & vibrant entrepreneurship community and network
Targeted and practical training programs
Global recognition and exposure
Mentorship from business icons
Insights into your business

Eligibility Criteria

To apply for Africa’s Business Heroes Prize Competition, you should meet the following criteria:

You’re the founder or a co-founder.
You’re an African citizen or the direct descendant (child/grand-child) of an African citizen.
Your company is registered, headquartered and primarily in an African country.
Your company has market traction and at least 3 years of revenue.

Application Timeline

Deadline for application for Africa’s Business Heroes (ABH) Prize Competition is on May 19^th 2024.

How to Apply for Africa’s Business Heroes (ABH) Prize Competition

Click Here to Apply

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