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21-Year Old Nigerian, 19 Others Compete for $100,000

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By Dipo Olowookere

A 21-year-old Nigerian, Boluwatife Omotayo, has been shortlisted among 19 other young African entrepreneurs to compete for the Anzisha Prize, Africa’s premier award for her youngest entrepreneurs.

Boluwatife is the founder of TabDigitals, an IT company that helps consumers find artisans who can repair and replace electronic gadgets.

The IT gurus will hope to have a share of the $100,000 cash prize being offered by the organisers, who have the support of MasterCard Foundation and the African Leadership Academy (ALA).

The Anzisha Prize awards young entrepreneurs who have developed and implemented innovative solutions to social challenges or started successful businesses within their communities.

Selected from a pool of over 600 applicants, from 13 countries, the finalists are armed with the tools they need to grow their business and attract investment, and are coached and mentored by industry experts. As Anzisha Fellows, they emerge as role models igniting the entrepreneurial spirit within their peers and creating job opportunities in their communities.

Now in its 8th year, the Anzisha Prize program attracts young entrepreneurs from across Africa and for the first time, the Prize is recognizing the achievements of entrepreneurs from Benin, Libya, and Sierra Leone.

Applicants represent a wide variety of entrepreneurial efforts, from manufacturing, mining, and healthcare, but agripreneurs continue to dominate the applicant pool.

Among them is Kenyan Kevin Kibet, the 22-year old founder of FarmMoja Limited which supports smallholder farmers by providing them with inputs, training, and access to reliable markets.

Since its inception in 2016, FarmMoja has distributed inputs to 30 farmers, acquired a seven-acre farm with 1,000 trees, and raised $20,000 in equity funding from angel investors to underwrite its expansion activities. Another finalist, Vanessa Ishiimwe from Rwanda is running three learning centres within a Ugandan refugee camp which are educating more than 300 children and employing 18 youth as teachers.

“Investing in young entrepreneurs to address the youth employment challenge is at the core of the Foundation’s Young Africa Works,” said Koffi Assouan, Program Manager, MasterCard Foundation. “These Fellows are tackling challenges in their communities and driving job creation and sustainable economic growth by improving efficiency in the agrifood sector. We congratulate them on their success.”

The 20 finalists will be flown to Johannesburg for a 10-day entrepreneurship boot camp where they will receive intensive training from African Leadership Academy’s renowned Entrepreneurial Leadership faculty. They will be coached on how to pitch their business to a panel of judges for a share of the $100,000 cash prize. The grand prize winner will receive $25,000. The remainder of the prize money will be shared among the rest of the finalists.

Additionally, each finalist is enrolled in a Fellowship program that will provide over $7,500 in additional support and services.

This year, for the first time, the pitch competition will be live streamed across the continent. Online audiences will have the opportunity to tune into the pitch competition and rally behind the entrepreneurs who inspire them most, possibly motivating them to begin their own entrepreneurial journey.

The pitching event will be hosted by Cameroonian Tonje Bakang, a tech entrepreneur who created Africa’s Netflix, Afrostream and a long-time supporter of young entrepreneurs.

“What makes the Anzisha Prize unique is its dedicated investment in Africa’s young job starters as a means to encourage other high potential young entrepreneurs across the continent. We want these stories to reach the right person at the right moment to catalyse their interest and entry into entrepreneurship,” said Josh Adler, Vice President of Growth and Entrepreneurship at African Leadership Academy.

The winners will be announced during an extraordinary gala evening on October 23, which will include a keynote address from Sim Shagaya, a Nigerian entrepreneur who is the founder and former CEO of Konga.com, one of West Africa’s largest electronic commerce websites.

The Anzisha Prize will be hosting events across the continent to share the stories of this year’s top 20 entrepreneurs and to encourage young Africans to start their own ventures.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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9 African Firms, Others for 2026 AWS Social Entrepreneur Accelerator Cohort

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2026 AWS Social Entrepreneur Accelerator Cohort

By Modupe Gbadeyanka

Nine African organisations, including Nigeria, will join 33 others from the USA, Australia, India, the UK and others for the fourth Social Entrepreneur Accelerator cohort of Amazon Web Services (AWS).

The companies from Africa chosen for the 2026 edition of this programme are from Nigeria, Kenya, Ghana, South Africa, Cameroon and Tanzania.

These founders are using cloud and AI technology to solve skills shortages, youth unemployment and food security.  Building from the ground up, they are creating African solutions for African challenges.

Nigeria leads the selection with three organisations, namely Sabi Scholar, Kayode Alabi Leadership and Wetech Incorporated.

The chief executive of Sabi Scholar, Mr Divine Iloh, said he is creating an “operating system” for African higher education, enabling any university to launch online degrees in 30 days, a potential game-changer for the continent’s 200M+ youth population.

For Kayode Alabi Leadership, the founder, Hammed Kayode Alabi, is reducing inequalities by empowering underserved young people to lead and innovate through transformative education and technology-driven solutions to solve local challenges and thrive as community changemakers.

As for Wetech Incorporated, established by Gabriella Uwadiegwu, it is building Africa’s largest pipeline of women in technology, from training to mentorship to direct employment pathways.

Kenya follows with two organisations, KuzeKuze and STEM Centre Africa. According to the CTO of KuzeKuze, Enock Sangaka Mong’are, the organisation is building “education passports,” as digital records that follow learners throughout their lives, making personalised education measurable and scalable.

While STEM Centre Africa, a non-profit launched in 2017 by two brothers, Dancun, the CTO and Denish Akoum, the CEO, to promote hands-on STEM education, including coding, robotics and 3D design, reaching over 18,000 + students since inception, with 90 per cent gaining proficiency in Python, Scratch and electronics. Operating two centres in Homa Bay County with 10 organisational partners, SCA aims to reach 100,000 learners by 2030.

The remaining four spots are shared by Ghana, South Africa, Cameroon and Tanzania.

In Ghana, BASICS International, founded by CEO Patricia Wilkins, is breaking cycles of poverty by providing education, certified digital skills training and holistic support to underserved children and youth, equipping them to thrive academically, economically and socially.

For South Africa, FunHouse Digital, founded by Ayabulela Yokwana, is turning gaming lounges into self-sustaining education hubs in rural communities – profits from gaming directly fund free coding and digital literacy programs.

In Cameroon, EduCloud, founded by Rosius Ndimofor Ateh, delivers hands-on Cloud and AI workshops across Africa, bridging the gap between academic theory and industry-ready skills.

From Tanzania is Fiqra Academy, founded by CEO Gerald Revocatus. The firm is creating a direct pipeline from digital skills training to employment for East African youth, with certifications that lead to real careers through their digital learning platform.

In collaboration with Deloitte, the accelerator provides technical training, strategic business planning, and ongoing AWS and Deloitte support to help mission-driven organisations scale.

Since 2023, the programme has supported more than 100 social entrepreneurs across 34 countries, bringing together a global community of social entrepreneurs who are working to address some of the world’s most urgent challenges across education, health and climate resilience.

“Africa’s representation in this cohort reflects what we’re seeing across the continent: a generation of founders who don’t wait for conditions to be perfect. They build anyway.

“Our role is to ensure they have access to the same world-class cloud and AI technology as any startup in Silicon Valley and the support to scale impact across borders,” the General Manager for Sub-Saharan Africa at AWS, Jyoti Ball, stated.

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Telco Ownership Changes Above 10% Now Subject to NCC Approval

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NCC

By Adedapo Adesanya

The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have introduced a new regulatory requirement mandating prior approval for significant changes in the ownership structure of telecommunications companies operating in Nigeria.

This was contained in a statement jointly signed by the Director of Public Affairs at the NCC, Mrs Nnenna Ukoha and Head of Public Affairs at the Corporate Affairs Commission, Mr Rasheed Mahe.

According to a joint press release issued by the two agencies, the directive, which takes immediate effect, requires all licensed telecom operators seeking to transfer ownership or control of shares amounting to 10 per cent or more of their total share capital to first obtain a Letter of No Objection from the NCC before such transactions can be registered by the CAC.

The statement reads in part, “The directive, which takes immediate effect, requires all licensed communications companies seeking to transfer ownership or control of shares amounting to 10 per cent or more of their total share capital to obtain a Letter of No Objection from the NCC before such transactions can be registered with the CAC.

“The requirement is in line with the provisions of Section 90 of the Nigerian Communications Act 2003, Regulation 28(2) of the Competition Practices Regulations 2007, and Regulation 42 of the Licensing Regulations 2019, which empower the NCC to monitor transactions involving licensees and ensure fair competition within the sector.

“Under the new arrangement, the CAC will only process and register requests for changes in shareholding structures of telecommunications companies where the transaction involves 10 per cent or more of the company’s shares and is accompanied by evidence of prior approval from the NCC.

“According to the two regulatory agencies, the measure is aimed at strengthening oversight of significant ownership changes, preventing anti-competitive practices, and preserving a fair and competitive communications market. It is also expected to enhance transparency, boost investor confidence, provide greater regulatory certainty, and support the long-term stability and sustainability of Nigeria’s telecommunications industry.

The NCC and CAC reaffirmed their commitment to fostering a transparent, stable, and investor-friendly business environment. Both agencies pledged continued collaboration to promote fair market practices, strengthen regulatory compliance, and ensure the orderly development of Nigeria’s communications sector.”

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Rising Cyber Threats Could Undermine Business Sustainability, Profitability—ISSAN

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David Isiavwe ISSAN President

By Modupe Gbadeyanka

The relevant stakeholders have been urged to take urgent action to curb the rising sophistication of cyber threats, which could undermine business sustainability and profitability.

This call was made by the Information Security Society of Africa – Nigeria (ISSAN) during its monthly meeting held in collaboration with MAXUT Consulting.

The group noted that identity theft, mobile fraud, ransomware, and social engineering attacks are threats to organisations, especially those who may struggle to protect information assets, maintain operational resilience, and address vulnerabilities before they can be exploited.

The president of ISSAN, Mr David Isiavwe, who doubles as the Executive Director for Risk Management at Nova Bank, stressed that cybercriminals are deploying increasingly sophisticated attack methods targeting individuals, businesses, critical national infrastructure, and strategic assets.

Among the threats highlighted were identity theft, Business Email Compromise (BEC), phishing, ransomware, WhatsApp account hijacking, Distributed Denial-of-Service (DDoS) attacks, payment card fraud, cryptocurrency-related attacks, and other forms of social engineering.

According to him, the increasing frequency and sophistication of cyberattacks mean cybersecurity can no longer be viewed solely as an IT issue but as a critical business and national security priority.

To address these challenges, he urged organisations to adopt proactive risk management practices, implement continuous monitoring systems, promptly address vulnerabilities, and invest in regular cybersecurity awareness programmes for employees and customers.

Also, the importance of leveraging emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML), and automation to enhance threat detection and response capabilities was emphasised.

“No organisation can successfully confront today’s cyber threats in isolation. Information sharing, collaboration, and collective vigilance remain essential to protecting our digital ecosystem and safeguarding public trust,” the ISSAN leader said at the event, which featured a technical presentation titled, Confronting the New Mobile Threat Landscape: Beyond User Authentication.

ISSAN reaffirmed its commitment to promoting cybersecurity awareness, capacity building, information sharing, and industry collaboration to strengthen Nigeria’s cyber resilience and support a secure digital economy.

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