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Nigerian Company, Fasmicro Among Finalists For AFIF Entrepreneurship Award 2017

Fasmicro, a Nigerian company is among the finalists for AFIF Entrepreneurship Award 201….

Six African SMEs have been nominated as finalists for the AFIF Entrepreneurship Award 2017, supported by the Rabobank Foundation.

Out of the 51 projects from around the continent and following a few rounds of selection, the jury selected innovative projects from Nigeria, Ethiopia, Kenya and Tanzania for their social, economic and ecological impact, and their potential for growth and job creation nationally and regionally.

The winner will be announced during the Africa Finance & Investment Forum (AFIF) 2017 which will be held in Nairobi from 13-16 February.

Official Finalists for the AFIF Entrepreneurship Award 2017:

  • Aybar Engineering (Ethiopia) – The company has developed the “Aybar BBM”, a technology that prevents excess water from suffocating crops and stores it for later use. There is no other similar technology in the market.
  • R n G Company limited (Kenya) – The company sells packaged Rhizo-fix (groundnut inoculum), a biofertilizer that ensures a more efficient groundnut production. It also collects the groundnuts from local farmers to produce affordable cooking oil.
  • EuroFresh Exotics (Kenya) – The company produces and exports fresh fruits and vegetables using innovative farming techniques. They also organise capacity building trainings for smallholder farmers.
  • First Atlantic Semiconductors & Microelectronics (Nigeria) – This company has developed the “Zenvus”, an intelligent solution to collect soil data using a system of electronic sensors. Its mission is improve farming productivity.
  • Kimolo Super rice (Tanzania) – The company is specialized in processing and marketing branded rice and sunflower oil. The project is environmentally friendly since smallholder farmers produce paddy using water run-off from nearby hills.
  • Eco Act (Tanzania) – The company was established to address the challenges of urban waste management, plastic pollution, deforestation and climate change. They recycle and transform post-consumer waste plastic into durable and environmentally friendly plastic lumber.
ALSO READ  How Tech Companies Can Help Reduce Unemployment In Nigeria

“We are delighted to announce the finalists for the AFIF Entrepreneurship Award 2017 after a really difficult selection process. The innovation and creativity of African-based SMEs makes our job more difficult every year. We look forward to welcoming these and many more entrepreneurs at the AFIF 2017 in Nairobi” says Inês Bastos, EMRC Senior Project Manager.

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