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The Kenya Times: Kenyan Company Named Finalist for Ksh129 Million Milken-Motsepe Prize

Kenyan company Chumz has been named among finalists for the prestigious Milken-Motsepe Prize.

The Milken-Motsepe Prize is a global competition that seeks to expand financial inclusion for small businesses in emerging markets. Chumz and two other finalists will compete for the Ksh129 Million ($1 million) grand prize, with the winner set to be announced at the Milken Institute’s 2025 Global Conference in Los Angeles in May 2025. The three companies, Chums from Kenya, Oze from Ghana and Verto from the United Kingdom, were selected from a highly competitive pool of applicants.

 

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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