Craft Silicon Wins 2010 Africa Awards for EntrepreneurshipBy Legatum Limited, PRNE
Monday, December 6, 2010
Five Additional Companies Recognized Amongst Field of 2,700 Entries
NAIROBI, Kenya, December 7, 2010 - Legatum, a privately owned international investment group and Omidyar
Network, a philanthropic investment firm, today announced that Craft Silicon
Ltd. has won the US $100,000 grand prize of the 2010 Africa Awards for
Entrepreneurship. Based in Nairobi, Craft Silicon provides software solutions
for core banking, microfinance, and electronic and mobile payments in four
continents. The company is a strong example of the vital role of
entrepreneurship in creating economic growth, prosperity, and opportunity in
"I am honored to join an outstanding group of entrepreneurs that have
been recognized and supported by the Africa Awards," said Kamal Budhabhatti,
CEO of Craft Silicon. "I hope that my experiences, and those of my fellow
finalists, can help to inspire a new generation of African entrepreneurs to
take risks and persevere to build their own business."
Five other finalists were recognized and each awarded a prize of US
- Mellech Engineering & Construction Ltd., Nairobi, Kenya - Planbuild Technical Services Ltd., Kampala, Uganda - Sigma Electric PLC, Addis Ababa, Ethiopia - Tutuka Software (Pty) Ltd., Rivonia, South Africa - Wilkins Engineering Ltd., Accra, Ghana
Alan McCormick, Managing Director of Legatum, commented, "With more than
2,700 entries from 15 different countries, this year's Awards showcases a
talented, dynamic group of entrepreneurs that distinguished themselves in an
incredibly competitive field. We are pleased to recognize Craft Silicon, and
all of our 2010 Award winners, for the vital contributions they have made in
promoting prosperity across the continent."
To determine the winners, finalists gathered in Nairobi to present to a
prominent jury of African business leaders and investors. The panel was
chaired by Mr. Tokunbo Talabi, CEO of Superflux International and winner of
the 2008 Africa Awards, who presented the grand prize. The jury also included
Dr. Manu Chandaria, Chairman of Comcraft Group; Dr. James Mwangi, CEO of
Equity Bank; Mr. Kibuga Kariithi, Director of Afrika Investment Bank; Mr.
Cyrille Nkontchou, Founder and CEO of LiquidAfrica; and Mr. Steve Beck,
Co-Founder & CEO, SpringHill Equity Partners.
The competition, which was launched in July 2010, received a record
number of 2,700 applications from 15 African countries: Botswana, Cameroon,
Ethiopia, Ghana, Ivory Coast, Kenya, Mozambique, Namibia, Nigeria, Rwanda,
Sierra Leone, South Africa, Tanzania, Uganda and Zambia.
"Omidyar Network and Legatum share the belief that African entrepreneurs
are creating positive social impact across the continent by generating jobs,
fostering innovation and fueling economic growth," said Matt Bannick,
Managing Partner of Omidyar Network. "We congratulate each of the winners for
the expertise, entrepreneurial spirit and tenacity they have demonstrated in
building and scaling a great company."
Legatum is a privately owned international investment group whose primary
focus is commercial investment, and which also applies its investor's
expertise to a long standing involvement in the sustainable development of
communities around the globe. For more information please visit Legatum's
website at www.legatum.com.
About Omidyar Network
Omidyar Network is a philanthropic investment firm dedicated to
harnessing the power of markets to create opportunity for people to improve
their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife
Pam, the organization invests in and helps scale innovative organizations to
catalyze economic and social change. To date, Omidyar Network has committed
more than $383 million to for-profit companies and nonprofits organizations
that foster economic advancement and encourage individual participation
across multiple investment areas, including microfinance, property rights,
consumer internet, mobile and government transparency. To learn more about
Omidyar Network, please visit www.omidyar.com.
Media Contacts Hamish Banks Legatum Dubai, UAE Tel: +971-4-317-5800 Hamish.firstname.lastname@example.org Kelly Mason Omidyar Network Redwood City, CA Tel: +1-650-482-2566 email@example.com Michael Onyango ZK PR Nairobi, Kenya Tel : +254-20-273-7033 firstname.lastname@example.org
MEDIA CONTACTS: Hamish Banks, Legatum, Dubai, UAE, Tel: +971-4-317-5800, Hamish.banks at legatum.com; Kelly Mason, Omidyar Network, Redwood City, CA, Tel: +1-650-482-2566, kelly at omidyar.com; Michael Onyango, ZK PR, Nairobi, Kenya, Tel : +254-20-273-7033, michaelonyango at zkadvertising.co.ke
Tags: Africa, December 7, kenya, Legatum Limited, Nairobi