Connect with us

Entrepreneur Today

Anzisha Grand Prize For African Youth Entrepreneurship Announced

Nigerian job placement technology entrepreneur wins Anzisha 2015 Grand Prize for African youth entrepreneurship.

Entrepreneur

Published

on

anzisha-prize-2015

The Anzisha Prize is a partnership between African Leadership Academy and The MasterCard Foundation.

The 12 finalists for Anzisha Prize for 2015 were selected from an impressive initial pool of 494 young entrepreneurs, up from 339 applications in 2014.

The Anzisha Prize is proud to have attracted applicants from 33 African countries, with finalists from Zimbabwe and Ethiopia identified for the first time this year.

Applications were also received from a diversity of sectors, with agriculture having the most applicants. Now in its fifth year, The Anzisha Prize celebrated these outstanding young people during Global Entrepreneurship Week joining the worldwide festivities.

We-recommend-tickWe recommend: 8 Reasons Young Entrepreneurs, or the Young at Heart, Lead the Way

Having received a share of US $75,000, the Anzisha Finalists join a growing pool of now 54 Fellows to receive access to ongoing support to scale their enterprises and expand their impact.

The Anzisha Prize is thrilled to announce this year’s winner of the $25,000 Grand Prize in the 5th year of Africa’s premier award for youth entrepreneurship. Chris Kwekowe, 22 from Nigeria, founder of Slatecube which offers a job-relevant skills learning platform and job placement services, impressed the judges.

Slatecube has had significant success to date with potential for scale and will serve as an inspiring beacon for other youth interested in entrepreneurship. The decision was not easy, however, given the talented pool of finalists. Fintech entrepreneur Fabrice Alomo, 22 from Cameroon was 1st Runner Up ($15,000) and fashion entrepreneur Mabel Suglo, 22 from Ghana was 2nd Runner Up ($12,500).

Chris-Kwekowe

Chris Kwekowe

Chris Kwekowe founded Slatecube to increase job access for youth through creating a platform on which they can build job-relevant skills and linking them with virtual internship opportunities that enable them to develop experience.

His vision for the venture is to see it grow into a wide-scale provider of relevant job market access, with increasing ability to open doors for job seekers.

“I did not believe that I could have won the prize when the competition started. But I feel confident in what I can achieve now given the capital and training that I have received through the Anzisha Prize. I congratulate all the other finalists as I believe they were all very impressive and look forward to engaging them as we support each other to grow going forward,” says Chris.

Fabrice Alomo

Fabrice Alomo

The first runner up was Fabrice Alomo from Cameroon, founder of My AConnect. The venture aims to increase the ease with which unbanked people in Cameroon transact and gain access to financial services.

My AConnect provides AMoney, and electronic currency with which unbanked individuals can make purchases with over 500 enterprises by depositing money through charge cards. Fabrice’s vision is to increase financial service access for Cameroon’s 17 million unbanked people.

Mabel Suglo

Mabel Suglo

A still impressive second runner up was Mabel Suglo from Ghana, founder of Eco Shoes. Mabel offers an assortment of shoes and accessories that are fashionable and Afro-themed, using recycled materials.

Her employee-base is predominantly disabled individuals. She aims to increase their economic participation through job opportunities. Mabel believes that disability is not inability and employs people with a variety of disabilities to create products that she sells into wholesale and retail markets.

The Anzisha Sector Prize in Agriculture was awarded to Chantal Butare, founder of Kinazi Dairy Cooperative. Chantal’s cooperative collects milk from over 3,000 families in her community, and processes the milk for sale.

We-recommend-tickWe recommend: 7 Insanely Productive Habits of Successful Young Entrepreneurs

She generates income for these families, as well as for ten milk collectors who are in her employ. Her ambition is motivate for sufficient capital to mechanise her process and increase scale to create revenue for yet more families in her community.

Chantal is a shining example of youth role models that Anzisha Prize aims to celebrate: Youth who are operating successfully in sectors that are considered non-traditional for youth, but that have immense potential to catalyse economic growth in Africa.

“Over the past five years, we have seen the Anzisha Prize evolve from a one-time prize for social entrepreneurship, to an entire community of young, innovative leaders across Africa who have access to comprehensive support and networking opportunities,” says Koffi Assouan, Program Manager, Youth Livelihoods at The MasterCard Foundation.

“I continue to be impressed by the calibre of youth entrepreneurs that Africa has to offer and congratulate them on their ability to inspire both ourselves and the rest of the continent.”

The 2015 Anzisha Prize Finalists were celebrated at a prestigious invitation-only ceremony on Tuesday, November 17th 2015 at Room Five venue in Rivonia, Johannesburg. The keynote speaker was Alex Okosi, pioneer of MTV Networks in Africa, a staunch proponent for a truly African voice for youth.

We-recommend-tickWe recommend: (Slideshow) Quotes to Fuel the Fire of Young Entrepreneurs

Applications for the next cycle of the Anzisha Prize will open on the 15th of February in 2016. However, nominations for promising youth entrepreneurs are open all year round.

For more information on the Anzisha Prize and to nominate an entrepreneur, please visit:

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

Advertisement
Comments

Entrepreneur Today

Surge In South Africans Swopping Their Cars For Bitcoin

The cryptocurrency Bitcoin has experienced a seemingly interminable rise. Early adopters have experience lottery-sized pay-outs on minor investments as the currency exploded in value in 2017.

Entrepreneur

Published

on

bitcoin

The cryptocurrency Bitcoin has experienced a seemingly interminable rise. Early adopters have experience lottery-sized pay-outs on minor investments as the currency exploded in value in 2017.

As South Africans are itching to get their hands on the digital currency, there’s been an increase in swops and bitcoin-only sales on Gumtree.co.za, says Claire Cobbledick, Head of Core at Gumtree. “This is particularly true for high-value items like cars, bikes and boats. Many sellers are willing to take a gamble with their assets in hopes of a large pay-out.”

This is on trend with other marketplaces. In the United States a McLaren 720S was put up for sale in exchange for 25 bitcoin, a theoretical value of $425,000.

Related: 11 Things You Need To Know About Bitcoin

While Gumtree does not allow for the sale of bitcoin miners or services, Cobbledick says that customers can exchange goods for bitcoin on the site, but should be fully aware of the risks. “Bitcoin is a volatile currency, so while you could easily see a 50% increase in your investment, you could just as easily end up with nothing. It’s up to the seller to decide if they are willing and able to take a gamble.”

Some cars currently up for sale in exchange for bitcoin includes a Land Rover Defender, BMW X5 and a rare 1970 Mercury Cougar V8.

“There are also a few other sellers accepting bitcoin in exchange for Kruger Rands,” says Cobbledick. “Perhaps proving that gold as a store of value is falling out of vogue.”

But the most unusual swop would have to go to an entrepreneurial seller who is offering carnivorous plants in exchange for the cryptocurrency.

Continue Reading

Entrepreneur Today

Zando Sold 80 Items A Minute During Black Friday – By Doing This

Black Friday has brought immense success for numerous local online retailers – reflecting the potential of e-commerce in South Africa. Why not learn from Zando’s success in 2017 to ensure your success during the 2018 Black Friday sales season?

Entrepreneur

Published

on

zando-mannequin

For South African e-retailers, Black Friday is a big sales event. But you need to ensure you’re prepared for the web traffic and that your e-commerce store can handle the logistics of thousands of orders.

zando-sascha-breussAccording to Zando, they experience 100% up-time during Black Friday and less than a week after the season sales event, 95% of customer orders have already been shipped.

To help fellow e-tailers perform better next year, Zando’s CEO, Sascha Breuss answers some key questions about the company’s preparations and learnings around Black Friday:

1. How did you encourage greater sales on Black Friday?

Over the last few years Black Friday has developed a following in South Africa, so we benefitted from the existing hype around it. We didn’t focus too much on upfront marketing, but put our energy into flawless execution and of course great deals for the customers.

Related: The Evolution Of Retail: From Corner Store To Artificial Intelligence

2. How much planning went into ensuring your store platform ran at optimum?

The real ‘hot phase’ started with the first day of November when our IT department went into a ‘feature freeze’ and we focused 100% on site-stability and scalability.

We went through some intense testing of our site with loads up to 15 times the average daily amount of visitors. So, when the actual day came, we were confident in our systems.

3. How were you able to successfully co-ordinate logistics during Black Friday?

Early preparation and experience from past years have been the key to success. We increased our head count in both Warehouse and Customer Service well in advance so that we could rely on well-trained and experienced colleagues come Black Friday.

4. How did you ensure a seamless experience between your website and your app?

We know that our customers are browsing Zando on all platforms, desktop, mobile and app so we implemented some handy features to make the transition between each platform easier. For example, shared baskets and wish lists are now a feature. Some of the deals however have been app-only and sometimes we reward our app users with early access to shop the best deals. So it is definitely worth it to download our app.

Related: How SA’s Online Retailers Can Cash In On Black Friday Fever

5. How did you scale your entire operation for a single event?

This is easy to summarise in one word – TEAMWORK. The Zando staff did an amazing job and were the backbone of our success. Not only did they put the required extra hours in and worked hard until the job was done, but they also showed real team-spirit. When you called our Customer Service during Black Friday it’s very possible that you spoke to someone in our HR, Social Media or Legal team who helped out answering calls.

6. How did your marketing campaign affect traffic on your platforms?

The most surprising element was probably the high volume of traffic that we saw during the night. Visits started to increase every minute before midnight and during the first two hours of the day we saw peaks that were higher than on our strongest week day. This traffic never dropped with a lot of orders being placed between 2am and 3am on Black Friday.

7. How did your technology systems handle the influx of shopper traffic?

In the build up to Black Friday we added additional server capacity and changed the way we handled the flow of traffic. This made us very flexible to switch on additional capacity wherever required. So it was a combination of intensive preparation, close monitoring and ultimately very little sleep for a couple of days to ensure we monitored our system health 24 hours a day.

8. What was your sales strategy?

For us everything that had a discount of 40%-80%, and was still a relevant and recent look, qualified for Black Friday 2017. Once these criteria were fulfilled we made sure that we had sufficient stock available – in some cases the demand was so high that we brought on additional stock from our suppliers during the Black Friday weekend.

Related: 5 Last-Minute Tips For Small Retailers To Boost Black Friday Sales

9. What were your biggest learnings?

We have been very successful in our approach to remain true to the idea of Black Friday – offering great deals on relevant product and not outdated clearance ranges. The customer is very educated and will identify a good deal, and we have seen consumers’ negative comments on stores who used Black Friday solely as a warehouse clearance opportunity.

10. What surprised you about Zando’s success during Black Friday?

Thanks to extensive preparation we have been able to achieve an uptime of 100% for the full month of November. We also kept the deliveries and returns 100% free regardless of discount or basket size. It seems like our customers appreciated this approach and we have actually seen very positive sales numbers after Black Friday while we expected a drop. I believe the full focus and investment on the Customer Experience has worked for us.

Continue Reading

Entrepreneur Today

Team Resolutions: 11 Tips To Uncover Passion And Potential In New Hires

If there’s one resolution HR departments should make this new year, it should be to transform the onboarding experience for new hires.

Entrepreneur

Published

on

hiring-staff-members

If there’s one resolution HR departments should make this new year, it should be to transform the onboarding experience for new hires says Michelle Seko, Talent Acquisition Manger at Sage Africa & Middle East.

The importance of a good candidate experience cannot be underestimated. Research has shown that 88% of job applicants are more likely to buy from a company if they’ve had a positive experience when applying for work there. Research has also shown that candidates talk about their experiences with a company, regardless of whether they got the job. Some candidates would even refer a friend to the company and others will re-apply for a future role, if the experience was a good one.

Research also found that:

Related: Why You Should (Seriously) Stop Hiring People

Win-win

Businesses enter into a relationship with a new hire the moment they sign on the dotted line. And, as with any relationship, it will only flourish if built on trust, respect and a commitment to self-improvement.

When you set new hires up for personal success, the outcomes naturally feed into your business’ success, which means you both win.

Here are a few ideas to get the most out of your new hires:

Make them feel welcome

Introduce them to the people they’ll be working with as soon as possible so that they immediately feel part of a team. At Sage, we partner new hires with a buddy, or Sage Ambassador, who helps them settle in and meet new people, contributing to the positive on-boarding experience.

Focus on the benefits

Compelling benefits not only attract the best candidates but also boost loyalty and job satisfaction. People are motivated by different things: one person might value flexi-time while another could place more importance on growth opportunities or bonuses. Focus on the benefits that align with the individual’s values when onboarding.

Set goals early and outline a plan to achieve them

This keeps your team focused, especially if they will be rewarded for achieving their goals.

Assess performance

Monthly, at least. Adjust goals and plans where necessary, reward good performance, introduce new challenges and deal with issues promptly.

Show genuine interest

Regular catch-ups and remembering children’s names, for instance, makes people feel appreciated.

Empower them

Let your new hires apply their knowledge to business challenges and offer training opportunities outside of their comfort zones. Reward ideas that help you do things better and faster.

Related: Hiring The Right Person Is Critical When Growing A Business

Encourage collaboration

People thrive when they can learn from others and when they can share their knowledge. Involve experienced team members in the new hire’s training. This is a great way to recognise and appreciate their loyalty and skills.

Be transparent

Do you have difficult clients? Will the new hire have to work overtime? What are the business’s goals? New hires should know what they’re getting into.

Provide solid training on everything from company culture and benefits, to opportunities for growth

The biggest cost associated with training people is the time it takes for them to become productive. But rushing through on-the-job training could lead to a host of other problems, including repeated mistakes and a lack of confidence.

Openly communicate any changes in the business

Manage your team’s expectations and be clear about yours. Allow new hires to question and understand how you do things and to point out errors – their past experience probably gave them new ideas and ways of working that could boost your team’s efficiency and productivity.

Be upbeat

Your mood sets the tone for everyone else. You can have the best product in the world but unless your team is passionate and enthusiastic about that product, you won’t get the results you’re hoping for.

Keeping people motivated and productive is hard work

But if you provide them with the tools, knowledge and support to do their best work and to contribute their best ideas, motivation and productivity will come naturally.

Continue Reading

Trending

FREE E-BOOK: How to Build an Entrepreneurial Mindset

Sign up now for Entrepreneur's Daily Newsletters to Download​​