Anzisha Prize 2016: Madagascan agropreneur wins $25,000

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The Anzisha Prize in partnership with African Leadership Academy and The MasterCard Foundation are pleased to announced Heritiaina Randriamananatahina as the winner of this year’s edition of Africa’s premier award for youth entrepreneurship and a grand prize of $25,000.

The 22 year-old agriculture entrepreneur from Madagascar is the founder of Fiombonana, an agro-processing enterprise that manufactures dairy products and confectioneries using only Malagasy raw materials, employing farmers and providing local job opportunities. Heritiaina emerged winner from the 12 Anzisha Prize finalists hand-picked from an applicant pool of 550 entrepreneurs from 32 African countries. It will also be on record that she is the first Anzisha Prize winner from Madagascar, thus creating a truly pan-African network of entrepreneurs who represent Africa’s best youth entrepreneurs.

Anzisha Prize

As the grand prize-winner, Heritiaina impressed a pan-African panel of judges with his venture response to a real need within his community, effective business model, job-creation potential, scalability, and demonstrated leadership potential. Fiombonana has enjoyed significant success to date including sizeable growth as Fiombonana produces 800kg of cheese a week, with potential for rapid and low cost expansion due to innovations such as reverse-engineering machinery for food processing. “I am so excited to win the Anzisha Prize for 2016, even though I had to drop out of school when I was in grade six. My hard work in my business is paying off. I appreciate the training I have already received so far. Now that I have won, I will invest in my own education and grow my business,” says Heritiaina.

The first runner-up is Yaye Souadou Fall – a 21 year-old environmental entrepreneur from Senegal and founder of E-cover, which recycles the many discarded tyres in Dakar into multi-purpose tiles for paving playgrounds, pavements, roads and other surfaces.

Photo Credit: Anzisha.org

She is also the first Senegalese entrepreneur ever in the top three in the history of Anzisha Prize, she will receive $15,000. Agricultural entrepreneur N’guessan Koffi Jacques Olivier, 19, from Cote d’Ivoire was the second runner-up.

Photo Credit: Anzisha.org

He founded Yaletite Entrepreneurship Group CI – an agricultural group with the aim of producing and selling chocolate and food crops for profit and mobilizing youth for agricultural employment. He will also get $12,500.

Now in its sixth year, Anzisha Prize celebrated these outstanding young people at an exclusive, invitation-only ceremony on Tuesday 25 October 2016 in Johannesburg. The 12 finalists presented their ventures to a panel of judges after spending ten days in a business accelerator camp to strengthen business fundamentals. They join a now 67 strong pool of Anzisha Fellows and will receive ongoing business-consulting support, access to experts, and access to networking opportunities to enable sustainable venture growth.

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