Africa Awards for Entrepreneurship is organised by Legatum every year to promote entrepreneurship, celebrate standards of business excellence, to build networks of businessmen across Africa & to attract increased financial inflows for investments.Securico, a private security firm in Harare, Zimbabwe won the $100,000 grand prize at the 2011 Africa Awards for Entrepreneurship at a glittering function held in Nairobi.
“I feel honoured to be recognized by the Africa Awards for Entrepreneurship and included in such a talented, dynamic group of entrepreneurs” said Divine Ndhlukula, Founder and Managing Director of SECURICO. “I hope that my story of creating SECURICO, and those of my fellow finalists, will help to inspire other African entrepreneurs to seek opportunity, embrace risk, and above all, believe in themselves.”
SECURICO provides guarding services and electronic security solutions, and is the first security company in Zimbabwe to be ISO (International Organisation for Standardisation) certified. SECURICO has more than 3,400 employees, 900 of which are women, making it the largest employer of women in the private sector. The company was recognised for exemplifying the vital role played by entrepreneurs in creating economic growth, prosperity, and realising opportunity in Africa.
The $50,000 winners
Five other entrepreneurs were selected from among the 3,300 companies were recognized and each awarded a prize of US $50,000.
- Chocolate City Group, Abuja, Nigeria
- Expand T echnologies., Phoenix, Mauritius
- Pepperoni Foods, Port Harcourt, Nigeria
- Unique Solutions, Serrekunda, The Gambia
- soleRebels, Addis Ababa, Ethiopia
The new Coca-Cola Award of $50,000 for an Outstanding Woman Entrepreneur, granted to Victoria Seeds, an agribusiness based in Kampala, Uganda.
Legatum, a private international investment group and Omidyar Network, a philanthropic investment firm, organises the Africa Awards for Entrepreneurship in partnership with several other established companies to recognise and reward business leaders who embody the entrepreneurial spirit and qualities required to succeed in business and who are the inspirational role models for the next generation of African entrepreneurs.
“Legatum firmly believes that entrepreneurship is the most effective mechanism for distributing scarce resources around an economy. Entrepreneurs have the ability to see an opportunity and build a business around it, and the profit these businesses generate is evidence that needs are being met in the optimal way.” He added “We are pleased to recognise all of our 2011 Award finalists for the vital contributions they have made in promoting prosperity across the continent.”
The ten finalists underscore the diversity of entrepreneurs in the competition, representing eight countries including Ethiopia, Gambia,Kenya, Mauritius, Nigeria, Senegal, Uganda, and Zimbabwe. The top ten, which includes three woman-owned businesses, work in a range of industries, from software to entertainment to agribusiness.
“The winners of the 2011 Africa Awards represent a diversity of backgrounds, industries, and geographies, but they also share a common determination in building and scaling a successful company,” said Matt Bannick, Managing Partner of Omidyar Network.
To determine the winners, finalists gathered in Nairobi to present to a prominent jury of African business leaders and investors. The panel was chaired by Malik Fal, Managing Director of Endeavor. The jury also included some of Africa’s most prominent entrepreneurs and investors, including Kamal Budhabhatti, CEO of Craft Silicon and Grand Prize Winner of the 2010 Africa Awards; James Manyika, Director of the McKinsey Global Institute; Ayisi Makatiani, the CEO of Fanisi Capital; and Tokunboh Ishmael, co-founder and Managing Director of Alitheia Capital. The winners were evaluated on profitability; return on investment and growth; long-term business strategy; leadership, culture and values; investment in employees; innovation to address market needs; and contribution to the community.
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