RINKTwo Kenyans have been nominated for the prestigious Innovation Prize for Africa (IPA).
The awards that are an initiative of Africa Innovation Foundation (AIF), seek to recognize outstanding innovation talent across Africa.
Kenyans, Alex Mwaura Muriu and Kyai Mullei are among 10 finalists who have been shortlisted for the award and stand to win a shared prize of Sh14 million ($150,000).
In a statement released by the AIF, the finalists impressed the judging panel with their home-grown, market-led innovations that contribute to Africa’s growth, development and prosperity.
Muriu of Farm Capital was selected for his risk sharing agribusiness funding model which links small farmers to investors who get a share of the farming profits.
This solution is a win for farmers and agri-preneurs who cannot access traditional financing while providing an alternative investment option for those with extra capital.
Mullei, the other Kenyan on the final list was lauded for his mobile application, M-changa, also known as E-harambee. The platform is used by individuals and organisations to fundraise and manage funds raised through text without the need for internet connectivity.
Float like a butterfly, sting like a bee. - Muhammad Ali🐝