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GHANA'S TEAM AMONG FINALISTS IN MTN/JUMIA GHANA ENTREPRENEURSHIP CHALLENGE FESTIVAL

By G.D. Zaney


The MedRx team from Ghana has emerged one of the successful teams which will participate in the final round of the MTN Entrepreneurship Challenge Festival at the University of Cape Town Graduate School of Business, South Africa on May 27, 2016.

 

The Ghana team which is made up of one lady and two young men—Victoria Tekyiwaah Amofah Acheampong, a 25-year-old pharmacist in training; Yannick Kabu Bosomprah, a 27-year-old software engineer and Hayford Nkansah Brako, a 26-year-old registered pharmacist— will be competing with two other teams who emerged as winners in their countries to win the final US$25,000.

 

The two other teams are   Pass.ng (Nigeria), a web, desktop and mobile-based CBT examination preparatory and testing platform, with a vision to help candidates excel in all the major Nigerian examinations and tests, and Village Community Banks (Vicoba) of Tanzania Vicoba (Tanzania), an important instrument of development work which allows people who do not have access to conventional bank accounts to access informal investment groups.

 

The Vicoba app. creates a collaborative platform that includes existing tools for financial and task management in a way that is adapted for the African market.

 

The Finalists will have to pitch their business to a room of successful entrepreneurs, business leaders, judges, investors and international media, after which the winner of the challenge will be announced, with the overall winner receiving a cash prize of US $25, 000 towards their start-up and benefit from a year-long partnership with Jumia, where they will have the opportunity to work from any of Jumia’s offices across Africa, learn from and be mentored by experienced and successful entrepreneurs in the Jumia network.

 

The overall winner will also be granted access to a Facebook Start Program to the value of US $15, 000, which includes tools and services needed to build mobile applications.

 

In addition, the winning team will also have the opportunity to work from the MTN Solution Space at the University of Cape Town’s Graduate School of Business.

 

The two runners-up will each receive US $5, 000 towards their projects.
The first round of the multi-phased competition, which is the application stage, opened from the 16th of February, this year, to the 27th of March and received massive response across Africa.

 

Other African countries who took part in this challenge were Nigeria, Cameroon, Rwanda, South Africa, Kenya, Morocco, Ivory Coast, Tanzania, Egypt, Senegal, Benin, Uganda, Algeria, Zimbabwe, Sudan, Zambia, Togo and Botswana, among others.

 

Speaking to the media after the declaration of the winners, Hayford Nkansah Brako, a member of the MedRx team said it had been an exciting and life-changing experience and that the opportunity should be given to as many youthful entrepreneurs as possible to encourage  life-transforming start-ups such as MedRx—an interactive health platform for all users who have health needs.

 

Mr Brako explained that the app. connected users to health personnel from various fields of practice including hospital, pharmacy, laboratory and the academia.

 

The Ghana Finals of the Mobile Telecommunications Network (MTN) Entrepreneurship Challenge competition, which aimed to identify Ghanaian youth with on-line business ideas and support them to develop their own businesses, had, earlier, been taken place in Accra.
 

The competition, organized by MTN in partnership with Jumia Ghana, involved ten applicants, shortlisted from among 85 applications.
 

The 10 shortlisted teams were UniApp, KwikAuto-Care Group, SchoolFees, Chalkboard Education, Hovver, Medrx Limited, Diggibonds, eCampus LLC, Leran Delivery Service and eNow.

 

Jumia Ghana is part of the Africa Internet Group and the biggest online shopping platform in the country.

 

As part of a larger ecosystem of companies supported by the Africa Internet Group (AIG), Jumia Ghana, is the leading e: Commerce platform in Africa with a presence in 11 countries and a network of companies including Carmudi, Easy Taxi, Everjobs, Hellofood, Javago, Kaymu, Vendito and Zanda across 23 African countries.

 

Since the beginning of its operations in Africa in 2012, the company has transformed the way African consumers shopped by offering them the opportunity to buy everything including fashion items, consumer electronics and home appliances online.

 

And in Ghana, since its launch in 2014, Jumia Ghana has pioneered e-commerce in Ghana and attracted huge foreign investment leading to a rise in the industry's contribution to Ghana's Gross Domestic Product (GDP).

 

Jumia Ghana has raised more than US$326 million from Goldman Sachs, an investment bank of the United States of America, AXA, a French Insurance Multinational and MTN, a South African Telecommunications giant, among other investors.

 

The writer is an officer of the Information Services Department.

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