The Ghana Finals of the Mobile Telecommunications Network (MTN) Entrepreneurship Challenge, under which Ghanaian youth with on-line business ideas will be supported to develop their own businesses, has been organized 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.
Out of the ten competitors in the Ghana Finals, two finalists, who will be announced on April 16, 2016, will qualify to attend the Entrepreneurship Challenge Festival to be hosted at the University of Cape Town, Graduate School of Business, in South Africa on May 27, 2016.
Speaking to the media after the live pitch screening event on Friday, the Marketing Manager for JUMIA Ghana, Mr Prince Kwakye, said the objective of the competition was to promote, encourage and nurture the youth in entrepreneurship and, thereby, reduce the high rate of unemployment in Ghana.
Mr Kwakye disclosed that the winner of the Ghana Finals would receive a cash prize of U.S. $25, 000 towards their start-up and benefit from a year-long partnership with JUMIA, where they would have the opportunity to work from any of JUMIA's offices across Africa and enable the winner to learn from, and be mentored by, experienced and successful entrepreneurs in the JUMIA network.
He said the winner would also have access to a Facebook Start Program to the value of U.S. $15 000, which included tools and services needed to build mobile applications.
In addition, he said, the winner of the Ghana Finals would have the opportunity to work from the MTN Solution Space at the University of Cape Town's Graduate School of Business, adding that the two runners-up would each receive US $5 000 towards their projects.
According to Mr Kwakye, the first round of the multi-phased competition-the application stage- which opened from 16th of February to the 27th March, 2016, had received massive response across Africa, with Nigeria, Cameroon, Rwanda, South Africa, Kenya, Morocco, Ivory Coast, Tanzania, Egypt, Senegal, Benin, Uganda, Algeria, Zimbabwe, Sudan, Zambia, Togo and Bostwana, among others, participating.
Source: Government of Ghana