Two Rwandan entrepreneurs scooped awards and a total of Rwf4 million in seed capital at the Young Innovators in Agribusiness 2016 competition in Nairobi last week. Edmond Murindahabi, the chief executive officer, PEBEC Rwanda won in the SME category and bagged $3,000 or about Rwf2.4 million in seed capital.
Another local innovator, Lillian Uwintwali, the managing director of M-AHWII, was the second runner up in the start-ups category, and pocketed $2000 (about Rwf1.6 million) seed capital. Uwintwali’s company offers mobile phone and online-based solutions that seek to improve access to extension services, market information and financing opportunities in the agriculture sector.
The two entrepreneurs were part of the five Rwandans who qualified for the 2016 East African Young Innovators in Agribusiness Competition Trade Fair in Nairobi early this year. They beat 13 other competitors from Kenya, Uganda, Rwanda and Tanzania.The contest was sponsored by USAID-supported East Africa Trade and Investment Hub, Syngenta, Inter Region Economic Network, and Toyota Kenya Academy. Read more. Source | New Times