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22-Year-Old Melissa Bime Wins 2018 Anzisha Prize Awards
The MasterCard Foundation and African Leadership Academy has announced that 22-year-old healthcare entrepreneur Melissa Bime has won the $25,000 Grand Prize at the 8th annual Anzisha Prize awards gala.
She is the founder of INFIUSS, an online blood bank and digital supply chain platform that ensures patients in 23 hospitals in Cameroon have life-saving blood when and where they need it. She is only the second woman to win the grand prize since Best Ayiorworth took it home in 2013.
“Today, I stand here to represent every young girl out there that just has her dreams,” said Melissa Bime during her acceptance speech. “I stand here to represent this amazing group of entrepreneurs that I am a part of. With these people, the future of Africa is very bright. We are going to change this continent.”
Melissa was selected from among 20 finalists during a ceremony on 23 October that was live streamed to over 3,000 viewers and created a social media buzz across the continent.
The first runner up, 18-year-old Alhaji Siraj Bah will receive $15,000 in prize money. He is the founder of Rugsal Trading in Sierra Leone, a company that produces handcrafted paper bags as well as briquettes for cooking fuel. Alhaji hopes that the funds will boost the impact his business is already having and will enable him to hire more youth from his community. “I had only US$20 dollars when I started and I have created an impact already,” said Bah. With $15,000, I am going to impact 7.5 million Sierra Leonians’ lives in less than five years. It will happen.”
Joan Nalubega, 21, was the second-runner up. She is the co-founder of Uganics, which produces mosquito-repellent soap to combat malaria in Uganda. With the $12,500, she will conduct a certification study for the company’s products and prepare Uganics for export to neighbouring countries which will help to widen her impact in the fight against malaria.
The keynote speaker, renowned entrepreneur Sim Shagaya spoke plainly about the challenges faced by the continent but was confident that young entrepreneurs are best placed to solve them. He concluded his inspiring remarks with a simple message to the finalists, “you must lead!”
“We are proud of all 20 finalists and are excited to see two young and dynamic women taking home top prizes,” said Koffi Assouan, Program Manager, Mastercard Foundation. “Their contributions will continue to impact their countries and they are role models for other young women across the continent. They are demonstrating how to turn obstacles into opportunities that create value and jobs for others.”
The Anzisha Prize, the premier award for Africa’s youngest entrepreneurs, is a partnership between African Leadership Academy and the MasterCard Foundation. The 20 finalists spent 10 days in a business accelerator camp strengthening their business fundamentals before presenting their ventures to a panel of judges that included Ntuthuko Shezi, Bita Diamomande, Saran Kaba Jones, and Polo Leteka. They join a pool of more than 85 Anzisha Fellows and a network of support that includes access to mentors, experts, and networking. Each returns home with a $2,500.
“This year was exciting in that we announced our new efforts to support the parents of very young entrepreneurs in Africa,” said Josh Adler, Vice President of Growth and Entrepreneurship at African Leadership Academy. “Our new book – Raising the Boss – uncovers the critical role they play and how we must invest in them if we are to see more young people confidently choosing an entrepreneurship career path post school.”
Applications for the next cycle of the Anzisha Prize will open on 15 February in 2019. Nominations for promising youth entrepreneurs are welcome all year round.
By Adedapo Adesanya
The federal government has issued a data protection compliance circular to all Ministries, Departments and Agencies (MDAs) to promote public trust through data-driven governance.
The compliance directive is contained in Circular No. 59805/S.I/74, dated 27 July 2026, and signed by the Secretary to the Government of the Federation, Mr George Akume, according to a statement by the Head, Legal, Enforcement & Regulations, Mr Babatunde Bamigboye.
The initiative forms part of a continuum of regulatory measures that will be vigorously pursued as Nigeria advances towards the decisive frontiers of the Fourth Industrial Revolution.
The circular drew the attention of MDAs to a statement of President Bola Tinubu, where he said: “Data is the new oil”.
Mr Akume then directed all Ministries, Extra-Ministerial Departments and Agencies to capture the information rigorously and safeguard it under the Nigeria Data Protection Act, 2023 (NDP Act).
The circular also directed MDAs to ensure full compliance with the NDP Act, Regulations, Guidelines, and Directives issued by the Nigeria Data Protection Commission (NDPC) in relation to the processing of personal data.
To this end, the Circular directs MDAs to, designate suitably qualified officers as Data Protection Officers (DPOs) to oversee data protection compliance and advise management on all matters relating to the lawful processing of personal data, ensure that the names and contact details of their designated DPOs are communicated to the NDPC for registration and official records; engage licensed Data Protection Compliance Organisations (DPCOs), where required, to facilitate compliance with the NDP Act and support the conduct of statutory compliance audits.
It also directed them to provide adequate budgetary allocation for data protection compliance activities, including capacity building, awareness programmes, deployment of appropriate technical safeguards, and periodic compliance audits; and submit all mandatory Data Protection Compliance Audit Returns and other statutory returns to the NDPC within the timelines prescribed by law.
The circular further states that “Permanent Secretaries, Accounting Officers and Chief Executive Officers of all MDAs shall be personally responsible for ensuring institutional compliance with the Circular and the provisions of the NDP Act.”
The National Commissioner/Chief Executive Officer of the NDPC, Mr Vincent Olatunji, expressed the commission’s commitment to supporting data-driven governance.
Mr Olatunji maintained that data accountability is pivotal to achieving the eight Presidential Priorities. To provide full technical support to MDAs for the purpose of achieving compliance, the commission has constituted a regulatory clinic.
By Adedapo Adesanya
Yellow Card, a global stablecoin infrastructure provider, has raised $40 million in a strategic funding round to accelerate its international expansion and strengthen its digital payment infrastructure.
The funding round attracted investments from SC Ventures, the innovation and investment arm of Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors. With the latest raise, Yellow Card’s total equity financing has now exceeded $120 million.
The company said the fresh capital will be used to scale its Global US Dollar Accounts, an end-to-end dollar account designed for businesses, while expanding the stablecoin payment rails that connect businesses to markets around the world.
Yellow Card’s chief executive, Mr Chris Maurice, described the investment as a strong endorsement of the company’s long-term vision, noting that the company has spent years building infrastructure that allows businesses to move money globally without relying on traditional correspondent banking systems.
He added that the next phase of growth will focus on helping banks connect directly to stablecoin payment rails, enabling faster and more efficient cross-border transactions while expanding access to US Dollar services for businesses.
SC Ventures chief executive, Mr Alex Manson, said stablecoins are becoming an important part of global payments, but noted that widespread adoption will depend on reliable infrastructure and practical use cases.
He said Yellow Card has built the payment rails businesses across Africa need to move money efficiently across borders and expressed confidence in the company’s ability to expand both within Africa and internationally.
The investment also marks growing interest from global institutions in stablecoin-based payments. Sony Innovation Fund said its backing reflects confidence in Yellow Card’s ability to build digital payment infrastructure for emerging markets.
Mr Austin Noronha, Managing Director at Sony Ventures-US, said the company believes Yellow Card is creating the technology needed to help banks, financial technology firms and enterprises move money faster and more securely.
He added that the company looks forward to supporting Yellow Card as it expands beyond Africa into Latin America, the Middle East, Europe and the Asia-Pacific region.
Yellow Card said the funding will also support the wider rollout of its Global USD Accounts, which allow businesses to hold U.S. dollars, manage treasury operations, swap stablecoins, and collect or make payments in local currencies across more than 50 countries.
The company noted that the platform is already being used by major customers, including Visa and Western Union.
Founded to simplify cross-border payments through digital assets, Yellow Card has processed more than $10 billion in transactions across its network. The company supports over 50 currencies and holds licences, authorisations and registrations in 22 jurisdictions across North America, Europe and Africa.
Yellow Card has also established strategic partnerships with global payment companies including Visa, Mastercard, PayPal and Coinbase as it positions itself as a key infrastructure provider for international digital payments.
By Adedapo Adesanya
The National Economic Council (NEC) has approved a $4.5 billion arrangement for the Nigerian National Petroleum Company (NNPC) Limited aimed at strengthening the country’s external reserves and freeing up funds for infrastructure.
This is part of the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new $4.5 billion facility named “Project Gazelle 2”.
The approval allows NNPC Limited to refinance the outstanding balance of approximately $1.5 billion under the original 2023 facility, while unlocking an additional $3 billion in liquidity to strengthen the country’s external reserves and support ongoing fiscal and infrastructure priorities of the government.
NEC’s approval followed a presentation by the Minister of Finance, Mr Taiwo Oyedele, which was presented by the Chairman of the Council, Vice President Kashim Shettima, underscoring the importance of the project.
NEC observed the significance of unlocking additional liquidity to the federation, among other benefits, pledging its support for the actualisation of the initiative.
The Finance Minister explained that the refinancing has been structured on more favourable terms than the original facility, including a reduction in the volume of pledged crude oil from 90,000 barrels of oil per day to approximately 78,750 barrels of oil per day – a 12.5 per cent reduction.
He noted that under the new arrangement, an additional 11,250 barrels of oil per day for the federation will be released, while there will be a reduction in the pledged crude volumes by the state oil company.
Mr Oyedele added that while accessing additional liquidity on improved terms, the arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures.
“The arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures,” he said.
VP Shettima called for a responsive, scalable, and data-driven social protection policy to tackle multidimensional poverty in Nigeria.
According to Mr Shettima, government policies are often heard before they are seen, speak through the price of food, condition of hospitals, records in schools, strain on families, the confidence of those who invest their labour in the nation’s future, and, very importantly, the ambitions of state governments.
He implored members of Council to ensure that every decision they make assure the citizens “that their government is paying attention to the pulse of the nation and is resolved to respond with competence, compassion and purpose.”
