The Empower Africa Business Platform is Now Live !!!
Twelve African entrepreneurs were celebrated for their innovative solutions to poverty during the inaugural FINCA Ventures Prize Competition.
Funded by generous donors, the competition awarded a total of $400,000 in grants to support social enterprises across Sub-Saharan Africa.
FINCA Ventures, the investment arm of FINCA International, a leader in global poverty eradication for 40 years, organized the competition.
The initiative aimed to empower social entrepreneurs tackling critical issues in the region, including healthcare access, agricultural development, financial inclusion, and the protection of vulnerable groups.
Winners addressed challenges like improving value for local farmers (Rio Fish), bridging healthcare gaps (Bena Care, CheckUps, OneHealth), and combating the exploitation of female fish traders (Rio Fish).
“We are thrilled to support these inspiring changemakers who are driving positive social impact across Africa,” said a spokesperson for FINCA Ventures.
“Their dedication to improving lives aligns perfectly with FINCA’s mission of eradicating poverty.”
Award Breakdown
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

The African Development Bank (AfDB) has announced plans to contribute $500 million, pending board approval, toward the construction of a new international airport in Ethiopia.

TowerCo of Africa Tanzania (TOA Tanzania), a telecommunications infrastructure provider, has signed a $30 million financing agreement with British International Investment (BII) to bolster its network across the country.

German development finance institution DEG has committed €15 million to the Adenia Entrepreneurial Fund I (AEF I), a pan-African private equity vehicle managed by Adenia Partners.