Two young South African entrepreneurs have been chosen as finalists in the Anzisha Prize for young African entrepreneurs competition.

The Anzisha Prize, now in its fourth year, is hosted by the African Leadership Academy and The MasterCard Foundation.

22-year-old Jeffrey Mulaudzi and 21-year-old Thato Kgatlhanye are among 12 other finalists selected from 339 applications across 32 countries for the Anzisha Prize. This year’s finalists have started ventures in a diverse range of economic sectors including energy, healthcare, tourism and hospitality. 

Mulaudzi Bicycle Tours gives tourists a unique view of Joburg by putting them on cycles, taking them through the heart of Alexandra township and introducing them to locals steeped in the history of the area. It’s all about breaking down the unnecessary barriers between different economic groups we have in Gauteng (and South Africa as a whole) and aimed at both the physically and the ethically adventurous. Mulaudzi was a recent graduate of the MEDO program for entrepreneurs.

Kgatlhanye, meawhile, is the founder of Repurpose Schoolbags, an initiative that designs bags for learners made from up-cycled plastic shopping bags that integrate solar charging panels and lamps. So the bags charge up during the day while the kids are at school, and transform into lights they can study by after dark.

The ten other Anzisha Prize finalists are:

“We are excited to see such a talented cohort of innovative and entrepreneurial young people join the Anzisha prize community,” said Deepali Khanna, director of Youth Learning at The MasterCard Foundation. “This Pan-African prize has had tremendous success over the past four years and is inspiring other young entrepreneurs across Africa to develop their own businesses or social innovation ventures.”

The Anzisha Prize finalists will meet in Johannesburg from the 18th to 25th September for Anzisha Week. Here, a panel of judges from across the entrepreneurial sphere will convene to select the grand prize winners. They will also receive training from the African Leadership Academy, and get to engage with industry leaders, mentors and change agents from across the continent.

The Anzisha Prize winner will receive $75 000 (around R75 000) towards their business.

[Source – Anzisha Prize. Image – Facebook]