2014 ALN (African Leadership Network) Africa Awards for Entrepreneurship

Africa Awards for Entrepreneurship

2014 ALN (African Leadership Network) Africa Awards for Entrepreneurship

The Africa Awards for Entrepreneurship recognize and award business leaders who serve as role models to Africa’s aspiring entrepreneurs and who demonstrate business excellence, innovation and profitability.  In its 8th year, the Africa Awards for Entrepreneurship have attracted more than 7,000 applications from African businesses and have awarded US$ 1.6 million to 30 leading entrepreneurs.  The awards will be sponsored again for the 6th year running by the Omidyar Network, a philanthropic investment firm dedicated to harnessing the power of markets to create the opportunity for people to improve their lives.  

The Awards Categories

The Africa Awards for Entrepreneurship are open to companies that are domiciled in Africa, that are not subsidiaries of larger organisations, and that have been profitable for at least two years.  There are five awards categories which recognize entrepreneurs at different stages of the entrepreneurial life cycle:

  • Lifetime Achievement Award – awarded to a senior African business leader who has served as an entrepreneurial icon for several decades and has left an enduring legacy of success in Africa
  • Transformational Business Award – Citation and trophy awarded to a leading business with revenues greater than US$ 50 million, that has created significant socio-economic impact in Africa under the direction of a notable business leader
  • Outstanding Mature Business Award – US$ 100,000 prize to an established company led by a strong business leader who has generated revenues between US$ 5 million and US$ 50 million
  • Outstanding Growing Business – US$ 50,000 prize to a young, remarkable African business with revenues between US$ 500,000 and US$ 5 million
  • Outstanding Social Entrepreneur Award – US$ 50,000 prize awarded to an organization that demonstrates outstanding innovation and entrepreneurship, whilst sustainably addressing the socio-economic development of low-income communities in Africa.  To be eligible, the organization, which may be structured as a non-profit or for-profit, must have been founded or be currently run by an African citizen; demonstrate revenues between US$ 150,000 and US$ 2.5 million in the last financial year, and be primarily focused on social return.

The 2014 Awards ceremony will be held in Kigali, Rwanda in November during the 2014 Annual ALN Gathering, which brings together ALN members, entrepreneurs, investors, policy makers, and government leaders.

Applications and More Information

To find out more information and to apply, visit the ALN website – www.africanleadershipnetwork.com