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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PCTech: Farmpawa Secures $100,000 as a Semi-Finalist in the 2024 Milken-Motsepe Fintech Prize

The Milken Institute and Motsepe Foundation has announced 10 teams that will share USD$1 million (approx. UGX3.67 billion) in total funding to support financial inclusion efforts for small businesses in emerging markets —having emerged as semi-finalists in the 2024 Milken-Motsepe Prize in Fintech. Each team will receive USD$100,000 (approx. UGX367 million). Farmpawa (from Uganda) is among the 10 semi-finalists. The other semi-finalists are from Ethiopia, Ghana, Kenya, Nigeria, and the United Kingdom. Read the full article here.

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Emerging Brand Africa: Milken Institute and Motsepe Foundation Announce Semifinalists for $2M FinTech Prize

The Milken Institute and Motsepe Foundation have revealed the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech. Each team will receive $100,000 in funding to develop innovative financial solutions. These teams responded to a global call for applications, aiming to expand financial inclusion in emerging and frontier markets. They will showcase their innovations at the Milken Institute’s Middle East and Africa Summit in Abu Dhabi, UAE, on December 5-6, 2024. Read the full article here.

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Africa Business Communities: [South Africa] Milken-Motsepe prize in fintech semifinalists announced

The Milken Institute and the Motsepe Foundation has announced the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech, 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 on December 5-6, 2024, in Abu Dhabi, UAE.   Read the full article here.

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