Winners of African Diaspora Marketplace innovation contest named

At the second African Diaspora Marketplace (ADM II) this week, 17 US-based entrepreneurs were awarded matching grants to fund innovative business plans and promote economic growth in seven countries in sub-Saharan and North Africa. The grants will match ADM winners' own funds to support growth of their businesses.

Nearly 500 entrepreneurs submitted business plans to compete for a grant as an investment in their business as part of the ADM II competition. ADM II is a collaboration of the United States Agency for International Development (USAID), the Western Union Company and the Western Union Foundation.

Launched in 2009, ADM is one of the few public-private initiatives to harness the knowledge and resources of US-based African Diaspora and other entrepreneurs to address economic opportunity by advancing the ability of small- and medium-sized enterprises (SMEs) in sub-Saharan Africa to obtain capital. Forty-four finalists for ADM II vied for the top awards with business plans addressing high priority, high-impact sectors in Africa. Finalists presented plans in agribusiness, information and communications technology (ICT) and renewable energy.

Winning proposals included a Kenyan agribusiness implementing sustainable "zero-waste" practices through the commercial production of High Efficiency Organic Fertilizer; the first legal technology provider in Tunisia; an alternative power-generator utilizing agricultural waste in Liberia; and an online medical information delivery system in Nigeria. Each awardee can receive a total investment of up to USD70,000, which includes up to USD50,000 in matching cash grants and/or up to USD20,000 in technical assistance.

ADM II is jointly funded by USAID, the Western Union Company, and the Western Union Foundation. Other contributing partners include Ecobank, African Capacity Building Foundation (ACBF), George Washington University Center for International Business Education and Research, the Tony Elumelu Foundation, the U.S. Department of State and Irv Barr Management.

"The African Diaspora Marketplace will strengthen and help satisfy demand for locally-produced products and services," said USAID Administrator Rajiv Shah. "These businesses will buy, sell and hire from within the communities they serve, putting money into the local economy, building local capacity and fueling broad-based economic development."

ADM II incorporates key lessons from the first African Diaspora Marketplace. Expanding upon its success, Western Union and USAID invited small business investment funds and technical assistance mentors to participate in the effort this year.

Each winning project will be monitored for a period of up to 24 months and grant payments will correspond to key milestones identified in the winner's proposal. Entrepreneurs will also have the opportunity to connect with winners of the first ADM competition, sharing best practices and learning from their experiences.

 

Country

Sector

Business Name

Kenya

Agribusiness 

African Boreholes Initiative, Ltd.

Nigeria

Renewable energy

Comprehensive Design Services

Ghana

Agribusiness

Gonja Meat Company

Kenya

Information Communication Technologies (ICT)

Infinicity PLC, Inc.

Nigeria

Information Communication Technologies (ICT)

MedEnhanz Resources Ltd.

Zambia

Information Communication Technologies (ICT)

Mobile Payment Solutions Ltd.

Uganda

Agribusiness

ORIBAGS Innovations (U) Ltd.

Nigeria

Information Communication Technologies (ICT)

OTGPlaya Entity LLC

Kenya

Agribusiness

Pork Delights Limited

Nigeria

Agribusiness

Poultry Health Products Nigeria Ltd.

Tunisia

Information Communication Technologies (ICT)

PromoTunisia

Nigeria

Agribusiness

RIOL Enterprises

Ghana

Agribusiness

Sardis Enterprises

Nigeria

Information Communication Technologies (ICT)

Trafficafric Limited

Liberia

Renewable energy

TransAtlantic EcoPower

Tunisia

Information Communication Technologies (ICT)

TuniLab

Ghana

Agribusiness

Viable Vision Industries

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