20 year old Gerald Matolo, the young owner of Angaza Africa Technologies which provides a safe and affordable source of household and industrial energy through briquettes stands a chance of winning US$25,000 in the seventh annual Anzisha Prize, Africa’s premier award for her youngest entrepreneurs.
Matolo was shortlisted among 15 other young Africans.
“The calibre and diversity of the young men and women competing for this year’s Anzisha Prize is impressive and improves each year,” said Koffi Assouan, Program Manager, Youth Livelihoods at the Mastercard Foundation.
Supported by African Leadership Academy (ALA) in partnership with the Mastercard Foundation, the Anzisha Prize celebrates and cultivates the next generation of young African entrepreneurial leaders who are creating job opportunities, solving local development problems and driving economies. Selected from 14 countries, nearly half of all candidates are young women representing sectors as diverse as clean energy, agriculture, waste recycling and youth empowerment.
Gerald Matolo is passionate about sustainable energy to conserve the environment and protect natural resources.
Gerald will fly to Johannesburg to attend a 10-day entrepreneurial leadership boot camp where they will be coached on how to pitch his business to a panel of judges for a share of US$100,000 worth of prizes and support.
The grand prize winner will receive US$25,000, while the runners-up and third place winners will receive US$15,000 and US$12,500, respectively. The remainder of the prize will be divided among outstanding finalists, including a $10,000 agricultural prize funded by Louis Dreyfus Foundation, as well as four $5,000 challenge prizes to bolster initiatives led by past Anzisha Prize finalists. All other finalists will each receive $2,500 prizes.
He will also benefit from ALA’s Youth Entrepreneur Support Unit (YES-U), which provides consulting and training support to Anzisha finalists. This includes the Anzisha Accelerator boot camp, mentorship and consulting services, travel opportunities to network, and business equipment, valued at US$7,500.
As finalists, Mr. Gerald Matolo will be evaluated by a panel of five experienced judges who have contributed to building youth entrepreneurship in Africa, such as Wendy Luhabe, a pioneering social entrepreneur and economic activist. Laureates will be announced during an inspiring gala evening on October 24, which will include a keynote address from serial entrepreneur Fred Swaniker, founder of both the African Leadership Academy and African Leadership University.
Anzisha Prize Associate Melissa Mbazo stated that they are excited by the number of young women finalists and thrilled that the prize is contributing to their economic empowerment. “The success of these women-led businesses will be accelerated by access to Anzisha’s financial and mentorship support,” she said.
Other finalists can be found here.