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AptanTech: Three Kenyan startups among semifinalists in Milken-Motsepe Prize in FinTech, to each get $100,000 in funding

The Milken Institute and the Motsepe Foundation have announced the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech, with each team receiving $100,000 in funding.

Among the semifinalists are three Kenya-based fintech startups. They include: AZA Finance, Chumz, and Paycloud by Lipa Later.

Responding to a global call for applications, the Milken-Motsepe Prize in FinTech prize supports innovative solutions to expand access to tools necessary for financial inclusion across emerging and frontier markets.

 

Read the full article here.

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Africa Business Communities: Milken-Motsepe Prize Program launches $2 million AI & Manufacturing Challenge

Building on a track record of innovation in AgriTech, FinTech, and Sustainability, the Milken Institute and the Motsepe Foundation have unveiled their boldest challenge yet: the Milken-Motsepe Prize in AI and Manufacturing. With $2 million in total prize money, including a $1 million Grand Prize, the global competition aims to catalyze cutting-edge solutions that harness artificial intelligence, data analytics, and smart manufacturing to transform Africa’s industrial landscape. The announcement was made during the 2025 Milken Institute Global Conference, where the prize was positioned as a game-changer for local production, supply chain resilience, and inclusive job creation across the continent. Read the full article here.

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August 7, 2025
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$2 Million Milken-Motsepe Prize Launched to Spur AI-Driven Manufacturing in Africa

A new $2 million equity-free prize program, backed by South African billionaire Dr. Patrice Motsepe and the Milken Institute, is placing artificial intelligence and manufacturing at the heart of Africa’s technology ambitions. Unveiled at the 2025 Milken Institute Global Conference in Los Angeles, the Milken-Motsepe Prize in AI and Manufacturing marks the fourth—and most ambitious—edition in a growing series of innovation challenges designed to tackle Africa’s structural issues through technology. This round turns a sharp focus to artificial intelligence and smart manufacturing—two sectors where African participation has remained limited despite strong global momentum. Read the full article here.

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July 16, 2025

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