African Entrepreneurship Award 2017: Apply to win $1 million. Business Ideas also being accepted

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Applications are now open for entrepreneurs with businesses and/or business ideas to apply for the 2017 edition of the African Entrepreneurship Awards coming up April 28, 2017.

The African Entrepreneurship Award offers $1 million to all eligible African entrepreneurs with an existing business or just an idea for one. The Award journey is made up of 4 rounds of mentoring and starts with the entrepreneurs submission of an idea for Round 1.

The award which started in 2015, had applications submitted from across all of Africa in its first year, with some even coming from the diaspora. 10 business emerged to share the prize money of $1 million to boost their businesses.

The African Entrepreneurship Award is both a process and an organization within BMCE Bank of Africa. With a goal is to enable the enablers, the award organization seek to enable the entrepreneur to be a job enabler in Africa. As a community, the AEA is dedicated to helping entrepreneurs improve their business idea and achieve their goals of building something awesome in Africa.


A breakdown of Award proceedings through the 4 rounds

Eligibility Requirements

You must be a citizen of an African country

You must be a minimum of 18 years old as of October 1, 2017

Your business must be applicable in an African country

Your business proposal must include a technological component (digital, machinery, computers, ICT, automated processes, field related technologies, etc.)

Your business must be for profit.

Your business must be relevant to one of these three categories:

-Education – positively impact education in Africa

-Environment – positively impact the environment in Africa

-Uncharted – a high-impact business venturing into unexplored territory or untested markets

Additional Information:

  • You can submit a proposal as a resident of any country worldwide – keeping in mind that you must be a citizen of an African country.
    • For example, a resident of the United Arab Emirates with Egyptian citizenship is eligible for this Award.
  • Your business can operate in any African country even if you are not a citizen of that country.
    • For example, a Ghanaian citizen can submit a proposal for a business in Liberia.
  • You can submit a proposal for a business already in operation.
  • Your business can operate across borders in multiple African countries.
  • Your business should demonstrate the potential to scale beyond one region in Africa to pan-African impact.
  • You can operate in multiple countries, but you will be asked to designate a primary community in Africa that will benefit or be impacted by your business.


Go here to get started and for more information.


I'm interested in stories, news and opportunities for African entrepreneurs. Be it tech, fashion, SMEs; breaking entrepreneurship stories is the next best thing that can happen to me, after Jollof

1 Comment

  1. madukwe chigemezu .p.

    March 15, 2017 at 6:55 pm

    My aim as an entrepreneur is to create a venture, that will create a job opportunities for job less people in Africa.

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