Congratulations to the Semifinalists of the Milken-Motsepe Prize in FinTech!
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Africa’s Green Economy Summit: Milken-Motsepe Green Energy Prize Runner-Up: “Omnivat’s ecosystem of solutions tackles an ecosystem of challenges typically found in Sub-Saharan Africa

EXCLUSIVE INTERVIEW WITH RANDY KABUYA, ENGINEER AND CO-FOUNDER OF OMNIVAT, THE RUNNERS-UP IN THIS YEAR’S MILKEN-MOTSEPE GREEN ENERGY PRIZE.

THE COMPANY WON $250,000 FOR ITS CONTAINERISED ELECTRICITY GENERATION AND STORAGE SYSTEM, WHICH PROVIDES CLEAN WATER, CLEAN ENERGY, AND WI-FI-ENRICHED BY VIRTUAL REALITY SUPPORT FOR REMOTE COMMUNITIES.

CONGRATS ON BEING THE RUNNERS-UP IN THE MILKEN-MOTSEPE GREEN ENERGY PRIZE! CAN YOU SHARE A BRIEF OVERVIEW OF YOUR INNOVATION AND ITS IMPACT ON EXPANDING ACCESS TO SUSTAINABLE ELECTRICITY IN AFRICA?
For myself and 1.2 billion people, sub-Saharan Africa is a place that we call home. But sadly though, half that number here don’t have access to electricity, while the other half have to contend with frequent power cuts. These are businesses and residents. So essentially what you see is that the centralised electricity supply and generation system either does not work or is unreliable for those that it’s actually serving, or it simply is unfeasible for those that are not on its grid.

 

Read the full interview here

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Engineering News: How an AgriTech Prize Helped Me Realise My Life’s Work

By: Diana Orembe – Founder and CEO of NovFeed When I was a child, I witnessed firsthand my uncle’s struggles as a fish farmer. Growing up on his farm, I saw the immense effort he put into his work, only to be met with financial challenges due to the high cost and inconsistent quality of the feed stock. I later learnt my uncle was not alone, and that African farmers across the spectrum faced similar productivity challenges. This inspired me to find a way to create meaningful change in the African agricultural sector. During my second year at university, while conducting research on the application of microbes as feed, I revisited fish farms and found that the same issues my uncle faced were still around, even ten to fifteen years later. Farmers were investing heavily in feed, often imported and expensive, which cut deeply into their profits. Seeing that these issues

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November 5, 2024
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Vox Africa: Milken-Motsepe Prize in FinTech Announces 10 Semifinalists

The Milken Institute and the Motsepe Foundation announced the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech (https://apo-opa.co/3Y0GSEY), with each team receiving $100,000 in funding.   Responding to a global call for applications, this prize supports innovative solutions to expand access to tools necessary for financial inclusion across emerging and frontier markets. The Semifinalists will participate in an Innovation Showcase at the Milken Institute’s Middle East and Africa Summit December 5-6, 2024, in Abu Dhabi, UAE. During this event, the 10 teams will pitch their innovations to a panel of expert judges and investors, and three teams will be selected to move on to the final round of the prize. The judges will evaluate the pitches based on the teams’ ability to deliver solutions that improve financial inclusion for under-resourced groups in emerging and frontier markets.   Read the full article here.

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October 29, 2024

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