22-Year Old Entrepreneur wins Anzisha $25,000 Grand Price

22-Year Old Entrepreneur wins Anzisha $25,000 Grand Price
November 7, 2016 234Finance

Image Source: The Anzisha Prize

African Leadership Academy and The MasterCard Foundation are pleased to announce Heritiaina Randriamananatahina, 22 year-old agriculture entrepreneur from Madagascar, as this year’s winner of the $25,000 Grand Prize in the sixth annual edition of Africa’s premier award for youth entrepreneurship.

Heritiaina is the founder of Fiombonana, an agro-processing enterprise that manufactures dairy products and confectioneries using only Malagasy raw materials, employing farmers and providing local job opportunities. Heritiaina was selected from a competitive pool of diverse entrepreneurs from all over Africa. For the first time ever, Anzisha Prize is pleased to award one of the top prizes to a finalist from Madagascar, creating a truly pan-African network of entrepreneurs who represent Africa’s best youth entrepreneurs.

This year, Anzisha Prize celebrates increased representation of winners from francophone countries. The first runner-up was environmental entrepreneur Yaye Souadou Fall, 21, from Senegal (who will receive $15,000) while agricultural entrepreneur N’guessan Koffi Jacques Olivier, 19, from Côte d’Ivoire was the second runner-up (and will receive $12,500).

The presence of two agriculture entrepreneurs in the top three is emblematic of the important role agriculture plays in Africa’s economies. Agriculture represented the sector with the largest share of applicants for the prize this year. The Agriculture Sector Prize was also claimed by N’guessan Koffi Jacques Olivier who demonstrated the potential for agriculture to create jobs for youth.

As the Grand Prize-winner, Heritiaina impressed a pan-African panel of judges with his venture response to a real need within his community, effective business model, job-creation potential, scalability, and demonstrated leadership potential. Fiombonana has enjoyed significant success to date including sizeable growth as Fiombonana produces 800 kg of cheese a week, with potential for rapid and low-cost expansion due to innovations such as reverse-engineering machinery for food processing. “I am so excited to win the Anzisha Prize for 2016, even though I had to drop out of school when I was in grade six. My hard work in my business is paying off. I appreciate the training I have already received so far. Now that I have won, I will invest in my own education and grow my business,” says Heritiaina.

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Author: 234Finance

234Finance is an online hub that promotes African Entrepreneurship. We feature small and medium sized businesses on the platform, shedding light on the current and future developments in diverse sectors across Africa. We also provide free resources, share opportunities and events on our platform that entrepreneurs can benefit from and thrive in Africa’s tough business landscape.

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