A TANZANIAN, Edgar Edmund (17) is among 15 finalists of young African entrepreneurs from a field of more than 800 applicants.
The Tanzanian teen, representing GreenVenture a plastic recycling firm, is eyeing to emerge as a best winner in a contest with total prizes of 100,000 US dollars. The event entering its seventh year is supported by African Leadership Academy (ALA) in partnership with the MasterCard Foundation, the Anzisha Prize celebrates.
Mr Edmund’s GreenVenture recycles plastic waste into cheap and affordable building products such as paving blocks. The venture aims to help people to build houses but also helps to promote environmental sustainability.
The venture generates around 300 US dollars (660,000/-) per month, employs five people that create bricks and they are paid according to the number of bricks they produce.
Edgar has managed to find a way to transform the smoke into gas that is environmentally friendly after realizing that his firm was polluting the environment. He finds his company after seeing rains and floods destroyed houses due to poor foundations and poor building materials.
According to the anzishaprize.org, the GreenVenture currently has three companies that are willing to help Mr Edmund expand his company, after he graduates at the end on this year as he will now be able to invest 100 per cent of his time to the business.
The aim of Anzisha Prize is to cultivate the next generation of young African entrepreneurial leaders who are creating job opportunities, solving local development problems and driving economies.
The event is going to be held in Johannesburg South Africa. Whereas 14 finalists from diverse countries in Africa while half of the group being women representing sectors such as clean energy, agriculture, waste recycling and youth empowerment.
The Anzisha Prize Associate will celebrate and cultivate the next generation of young African entrepreneurial leaders who are creating job opportunities, solving local development problems and driving economies. Edmund and other finalists are going to fly in Johannesburg for a 10 day entrepreneurship workshop.
The workshop designed to enable participants to pitch their business to a panel of judges. The grand prize winner will receive 25,000 US dollars, while the second runner and third place winners will receive 15,000 US dollars and 12,500 dollars respectively