The Africa’s Business Heroes (ABH) Prize Competition is now accepting applications for its 2025 edition, offering African entrepreneurs the chance to win a share of $1.5 million in grant funding.
Launched by the Jack Ma Foundation in 2019, ABH was created as part of the foundation’s commitment to supporting African entrepreneurs and fostering a vibrant business ecosystem. The initiative aims to identify, support, and inspire the next generation of African entrepreneurs who are driving impact, solving key challenges, and contributing to a sustainable and inclusive economy.
Why Apply?
ABH provides African entrepreneurs with unparalleled opportunities to grow their businesses. Benefits include:
Funding Opportunities
The Top 10 finalists will share a $1.5 million grant pool:
- Winner: $300,000
- 1st Runner-Up: $250,000
- 2nd Runner-Up: $150,000
- Other Seven Finalists: $100,000 each
- An additional $100,000 is allocated for global immersion training.
Visibility
Finalists would gain extensive media exposure, including press releases and social media campaigns, enhancing their brand recognition across Africa and beyond.
Networking & Collaboration
Finalists would get access to exclusive networking events and connect directly with influential business leaders, investors, and potential collaborators from across the continent.
Expert Mentorship
Entrepreneurs would also receive one-on-one mentorship from global business leaders, industry experts, and investors, helping them refine strategies, overcome challenges, and scale effectively. They will also receive training in key business areas, including:
- Financial management
- Marketing strategies
- Intellectual property (IP) law
- Investment readiness
- Business growth strategies
Additionally, they gain access to partner programs and services designed to strengthen business acumen and operational skills.
The ABH application process itself is an opportunity for growth. Entrepreneurs refine their storytelling and pitching skills while receiving valuable feedback from experts.
Who Can Apply?
- ABH welcomes applications from entrepreneurs across all African countries, industries, and age groups. Eligibility criteria:
- Must be the founder or co-founder of the business
- The business must be formally registered
- Business headquartered in Africa
- Must have been in operation for at least three years
Applications are available in English and French, ensuring accessibility for diverse entrepreneurs across the continent.
Apply Now!
The application deadline is May 23, 2025. If you’re an entrepreneur looking to scale your business, gain international recognition, and maximize your impact, don’t miss this opportunity. For more details and to apply, visit the official ABH website.
