21 year old Kenyan Peter Wachira has won $100,000 (Sh10.3M) Kwesé Inc #GoGettaz entrepreneurship competition held today at Strathmore University in Nairobi, Kenya.
Wachira manufactures locally sourced ceramic water purification filters to end waterborne diseases.
He was among the top two winners.The other $100,000 (Sh20.3M) went to Ezinne Uko of Nigeria.
Uko has built and sold monitor app to SMEs tracking inventory and logistics
Both also walked away with a $100 000 USD in credit facility from Equity Bank Kenya, and a two week mentorship at Kwesé’s headquarters in South Africa with Strive Masiyiwa, founder and Executive Chairman of Econet Global.
The 10 runners up each receive $10 000 (Sh103,000) USD investment in their ventures.
Following two days of intense training sessions at the Nairobi Garage with experienced mentors in business, innovation and entrepreneurship Ezinne and Peter have taken the grand prize from a group of 12 finalists from DRC, Ghana, Kenya, Nigeria, Rwanda, South Africa and Zimbabwe.
Finalists also had pre-finale pitches and received feedback on how to better present their businesses/ventures from Esther Ndeti (Executive Director East Africa Private Equity & Venture Capital Association), Julian Kyula (Founder MODE) and Kevin Mulei (Founder and CEO Mo Sound Events) in the lead up to the grand finale.
They each had three minutes to pitch their ventures to a live panel of judges comprising Ndidi Nwuneli (Founder at LEAPAfrica), Clive Msipha (CEO, Untu Capital Limited) and Juliana Rotich (co-founder of Ushahidi, and Tech Partner, Africa Tech Ventures).
They were judged based on their business/non-profits’ sustainability, originality, social benefit, and scalability as well as votes garnered from the general public in a month-long social media voting phase which closed on 30 November 2017.
As one of the largest entrepreneurship competitions on the African continent, the journey to selecting the final winners was an amazing one with over 4800 competition entries, 50 million social media shares and over 200 000 web page visits.
Kwesé Inc and Liquid Telecom (sister companies of Econet Global) sponsored Friday’s #GoGettaz entrepreneurship competition grand finale at Strathmore.
“At our eighth Africa Entrepreneurship Town Hall today, we had hundreds of people from different walks of life, all in the same room, all focused on solutions for the future: top business leaders, government officials, technology experts, academics, students… all thinking about how new technologies can help rather than harm society,” Kwese Founder Strive Masiyiwa said.
“Today is how we build for Africa’s century and end poverty globally. Together we listen, we innovate and we take action — with data and vision, and without delay.” he added