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Application Now Open for 2023 Anzisha Prize fellowship for Young Entrepreneurs
The Anzisha Prize is a leading venture-building program championing young African entrepreneurs between the ages 15 and 22. The initiative has officially opened applications for the 2023 cohort and can be accessed on anzishaprize.org/apply.
African changemakers who are under 22 years old and are running businesses and creating employment opportunities for their peers are encouraged to apply. Thirty fellows will then be selected for a three-year fellowship and receive business consulting support, over $5000 in cash stipends and coaching services from a team of experts.
“Application season is always an exciting time for the program because we get to see how Africa’s youth are thinking innovatively to solve some of our pressing issues. For the past few years, we’ve seen an increase in Agri-Tech and Fin-tech businesses that are reshaping how we do business on the continent,” says Selection Lead, Suzan Kibirige for The Anzisha Prize. “What I enjoy most about this work is seeing how tenacious young people are. They never take no for an answer and that is what we need.”
The Three-Year Fellowship at a glance
The fellowship supports the growth of young entrepreneurs and recognises and incentivises their achievements – big and small. Through an individual and collective entrepreneurial development journey, the fellowship focuses on key areas of support: Business Development and Personal Leadership. During the fellowship, entrepreneurs will have access to a plethora of tools, resources, and experiences, and access to a dynamic entrepreneurial ecosystem. Every six months, entrepreneurs will unlock key features such as cash stipends or experiential learning workshops and courses based on predetermined milestones they have achieved. At the end of the second year, entrepreneurs will pitch their improved business and plans for a chance to win their share of grand cash prizes valued at over $50 000.
Since 2011, Anzisha Prize, a partnership between Mastercard Foundation and African Leadership Academy, has supported and celebrated the entrepreneurial endeavours of very young people. The program alumni network includes 202 entrepreneurs who have gone on to create businesses that have transformed their communities. To date, just 130 of these fellows have created 8708 employment opportunities and have raised over $6 million in investments.
The fellowship has been an integral program in ensuring that young African entrepreneurs are celebrated and nurtured on their path to creating sustainable futures for those around them. “We encourage young job creators to apply for this opportunity and we are looking forward to championing their efforts, as creating clear pathways for young people to succeed is a core goal for Mastercard Foundation,” says Mastercard Foundation and African Leadership Academy
Some of the entrepreneurs include alumni Joan Nalubega, a Ugandan entrepreneur who has proven that social entrepreneurship can be profitable. Having grown up as an orphan and battling Malaria-related illnesses as a young woman, Nalubega established Uganics – a company that produces anti-Malaria products to combat Malaria in the country.
Another notable entrepreneur is South African Karidas Tshintsholo. Tshintsholo’s business, Khula!, is one of the most admired African startups among investors. The startup’s business-to-business (B2B) marketplace helps small-scale farmers bring their products to formal markets, by offering them cost-effective logistics services. The company has signed up more than 3000 farmers, and over 100 suppliers now work with the company.
Those selected as Anzisha Prize fellows will become members of an active and dynamic community of changemakers across Africa who are exploring how to drive, scale, and make positive and lasting change in their communities through entrepreneurship.
The Anzisha Prize program is open to young people who are running businesses operating in any sector on the continent. Prospective applicants are encouraged to apply before the closing date of 27 November 2022. Entrepreneurs are advised to download the application guide and apply for the prize at anzishaprize.org/apply.
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Copyright Commission Warns School Proprietors Against Pirated Books
AS the Nigerian Copyright Commission (NCC) intensifies its public awareness campaign, school proprietors in the FCT have been advised to exercise due diligence by procuring books from legitimate sources to curb copyright infringement and help sanitise the book value chain.
This was disclosed by Mr. Emeka Ogbonna, the Director Operations, NCC, in his address at the General Meeting of National Association of Proprietors of Private Schools (NAPPS), FCT held at Veritas University, Abuja on 9th October, 2024.
Speaking to the participants, Mr. Ogbonna acknowledged the contributions of the proprietors to the educational development of the nation, emphasising the need for wholesome practices to protect the book ecosystem. ‘’If you must sell or distribute books, ensure you get them from the right sources”, he cautioned.
He said the warning was imperative in view of complaints from right owners and publishers about schools selling pirated books. He stated that the NCC is not opposed to schools selling books, but maintained that due diligence must be exercised by ensuring that all purchased books are properly documented with authentic receipts.
Sensitising the school proprietors further on the tenets of the new Copyright Act 2022, the Director said it is a criminal offence to sell, distribute or be in possession, other than for private or domestic use, works that are pirated. Harping on the stiffer punishments prescribed for offenders by the new Act, he said schools selling or distributing books will be treated as booksellers and subject to the same standard of care.
The NAPPS FCT President, Mrs. Ruth Agboola, commended the NCC and other government agencies in attendance and lauded the Management of Veritas University for hosting the event.
The meeting was also attended by the Vice-Chancellor, Veritas University, Abuja, Rev. Fr. (Prof) Hyacinth E. Ichoku and other officials of the University.
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TETFund Suspends Foreign Scholarships Due to Rising Costs and Abscondment
Tertiary Education Trust Fund (TETFund) has announced the suspension of the foreign component of its TETFund Scholarship for Academic Staff (TSAS) Intervention, effective January 1, 2025.
This decision, outlined in a letter dated November 25, 2024, and signed by TETFund’s Executive Secretary, Arc. Sonny Echono, cites the escalating cost of overseas training and an increasing number of scholars absconding as reasons for the suspension. The letter was addressed to heads of beneficiary institutions, including vice chancellors, rectors, and provosts.
“In response to the current excessive cost of training in foreign institutions, coupled with the high rate of abscondment of scholars, the Board of Trustees of the Fund has approved the suspension of the foreign component of the TSAS Intervention,” the letter stated.
TETFund has directed beneficiary institutions to prioritize local training within Nigerian universities, polytechnics, and colleges of education. This shift, according to Echono, is aimed at reducing pressure on foreign exchange, enhancing local capacity, and significantly increasing the number of beneficiaries.
“It is expected that this will conserve and reduce pressure on the foreign exchange rate, boost investment and local capacity in our institutions while significantly increasing the number of beneficiaries of the intervention,” Echono wrote.
However, scholars already enrolled in foreign institutions under the TSAS programme will continue to receive sponsorship until they complete their studies, ensuring a smooth transition for ongoing commitments.
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Copyright Commission Pledges Support to Creatives on Contracts
Dr. John O. Asein, the Director-General, Nigerian Copyright Commission (NCC), has restated the Commission’s commitment to supporting all sectors of the creative industry to reward creatives and boost the nation’s economy.
The DG NCC stated this while receiving 2024 finalists of the National IP Creative Essay Competition, organized by the World Intellectual Property Organisation (WIPO), Nigeria Office who paid a study visit to the Commission recently.
Pointing to the issue of contracts as one area that is being looked into, he emphasized that contracts should be fair and transparent with terms that are not unreasonable, enslaving or unduly onerous.
While acknowledging the long and tortuous process of statutory reform, Dr. Asein assured right owners and other stakeholders in the creative industry that the commission has commenced the process of reviewing the recently passed Copyright Act with a view to identifying areas of improvement.
In the meantime, he announced that the Commission will be putting in place administrative mechanisms to help right owners, through the provision of model contractual clauses, better negotiate and conclude contractual terms.
The Director-General also informed the visitors that the Commission has Alternative Dispute Resolution facilities to help right owners settle copyright disputes.
Congratulating the essay finalists, Dr. Asein used the opportunity to announce their induction as Copyright Ambassadors and urged them to be good representatives of the Commission and the copyright industry.
Dr. Tobi Moody, Director, WIPO Nigeria Office and leader of the delegation, informed the Commission that a total of 256 students from 68 tertiary institutions in 27 States entered for the competition, with a winner and 19 finalists emerging.
Dr. Moody disclosed that the Competition is in line with WIPO’s policy of encouraging students to research and be actively involved in Intellectual Property (IP) matters. He assured that WIPO will support the finalists with capacity building prizes and opportunities to further strengthen their engagement in the field of IP.
The theme for the 2024 essay competition is “IP and Sustainable Agriculture: Combating Food Insecurity in Nigeria”.
Mr. Ikenna Mba, a year-four law student of the University of Nigeria, Nsukka emerged the overall winner of the competition while Mr. Chinonso Izundu, a year-five law student of the University of Port Harcourt and Mr. Adekunle Olajide, a year-four law student of University of Ilorin, were first and second runners-up respectively.
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