Launched in 2011, the African Entrepreneur Award returns annually with new challenges while maintaining a constant goal: to encourage entrepreneurship, support innovation in Africa, and contribute to the socio-economic development of the continent.

Africangels, Africa's leading angel investor network, announced on Thursday, April 25, the opening of applications for the 8th edition of the African Entrepreneur Award. This prestigious competition aims to acknowledge African and international entrepreneurs who have made a significant impact in Africa.

This year, five major awards will be presented to the winners. The African Entrepreneur of the Year Award will honor the individual whose entrepreneurial impact has been the most significant. The African Startup of the Year Award will be given to a young entrepreneur with high potential. The Next Impact Award will reward leaders for their impact on the economy and their innovative solutions to societal challenges. Lastly, the African'Elles Award will be dedicated to innovative women who propose solutions to societal, economic, and environmental challenges.

The African Entrepreneur Award will provide winners in thematic categories with opportunities for expansion by offering advisory support, access to international networks, financing opportunities judged by a panel of investors, as well as extensive media visibility. Additionally, winners will receive an endowment of up to €40,000.

The competition will take place in two stages. The first stage is a regional call for applications that will run from April to August 2024. At the end of this period, a selection will be made in six regions to identify three regional finalists, who will automatically qualify for the international phase. The second phase, which will be international, will take place in November of the same year. A final jury composed of influential personalities will then designate the winners of the African Entrepreneur Award. Applications for this year’s edition are open till August 20. 

Samira Njoya