Three Nigerian entrepreneurs have emerged winners in the African Development Bank (AfDB) AgriPitch competition. They are Femi Aiki of Foodlocker; Ikenna Nzewi of Releaf; and Oluwaseun Sangoleye of Baby Grubz.
The competition, according to a statement by Aoudi Alkassoum from the Department of Communication and External Relations at AfDB, offered young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals to a panel of experts and investors.
At the end of the competition held virtually, six winners emerged in the ‘early start-up’, ‘mature start-up’ and ‘women-empowered businesses’ categories.
Sangoleye was a runner-up in the women-empowered businesses category and went home with $10,000 cash prize; Ikenna was rewarded with $20,000 as a winner in the early start-up category while Aiki got $40,000 for emerging as winner in the mature start-up category.
Other winners from other countries include Noel N’guessan of Lono from Côte d’Ivoire ($20,000); Elizabeth Gikebe of Mhogo Foods from Kenya ($20,000) and David Matsiko of Bringo Fresh from Uganda ($10,000).
The organizers said the AgriPitch competition was part of the bank’s fourth African Youth Agripreneurs Forum, which kicked off on November 3 with weekly webinars and ended with the AgriPitch winners’ ceremony.