3 startups win Ksh. 5 million each at the MEST Africa Summit 2019

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The Mest Africa Summit that took place on 12th June in Nairobi and three startups won $50,000 in the MEST Africa Challenge finals.

The event was organized by Mest Africa, a pan-African entrepreneurial training program, seed fund, and incubator. The event saw entrepreneurs, investors, ecosystem players and executives from across Africa and the globe meet to explore innovations and rising stars in the African tech ecosystem.

Panelists  at the event discussed topics ranging from data in the fintech space, to the latest in agritech and healthcare, to ways we can cultivate a Pan-African tech ecosystem, and more. In addition to keynotes from MEST Founder Jorn Lyseggen, Microsoft’s Chris Lwanga and Lori’s Josh Sandler, key speakers this year included Dr. Bitange Ndemo, Philip Thigo, Andreata Muforo (Partner, TLcom), Bilha Ndirangu (CEO, Africa’s Talking), Ngozi Dozie (Co-Founder, Carbon) as well as representatives from Google Launchpad, Safaricom, the African Development Bank and more.

This year’s Summit was held in partnership with Microsoft. Additional sponsors included Liquid Telecom, Africa’s Talking, Oracle, Intel, Lori Systems, Flutterwave, Stratlink, Ethiopian Airlines and a number of ecosystem partners.

The Summit was held at the Radisson Blu Hotel in Nairobi on Conference Day, and the Nairobi Garage, home of MEST Africa’s Nairobi Incubator, on Ecosystem Day.

The event culminated in the finals of the MEST Africa Challenge; an annual Pan-African pitch competition. Rather than choosing one winner, the judges awarded $50,000 in equity investment from MEST and $25,000 in credit from Microsoft to each of three startups: Oze from Ghana, Snode Technologies from South Africa and WayaWaya from Kenya.

Aaron Fu, Managing Director at MEST Africa, mentioned, “It’s our fourth year running the Summit and it always serves as a reminder of what Africa can achieve with the right blend of talent and experience. Over the three days, it’s always amazing to observe how the relationships between attendees grow, and the fact that we are able to facilitate that is something we never take for granted. We started this with the aim of creating a space for honest discussions on how the continent can continue to move forward and markets can come together – my personal hope is that we continue to see this grow and that more collaborations across markets take shape.”

MEST Africa has been training, supporting and investing in tech entrepreneurs on the continent for more than 10 years. Over 330 individual entrepreneurs have been trained at MEST, and nearly 60 tech companies have been launched via seed funding and mentorship. Five companies have exited, including Amplify Payments Ltd. (Amplify) who was recently acquired by leading Nigerian fintech player, One Finance Limited (OneFi), to further develop the payments ecosystem in Nigeria.

Since its 2008 launch in Accra, Ghana, MEST has been at the forefront of driving some of the continent’s most successful entrepreneurs – pushing them to scale, while achieving Pan-African and global reach and recognition. MEST has invested over Ksh. 2.2 billion ($22M) to date, with portfolio companies going on to receive follow-on funding.

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