The African Continental Free Trade Area is calling African entrepreneurs and innovators to apply for the AfCFTA Vision Challenge.
Do you have ideas on how to make AfCFTA work better? Africa’s foremost leaders are challenging you to share your bold ideas and secure investment.
About The AfCFTA Vision Challenge
The program is an initiative of the AfCFTA Secretariat, The Sankoree Institute of AfroChampions, and the AU Open Corridors Initiative. The Challenge is open to startups working in any of one of eight critical issue areas;
- Good governance
- Manufacturing and
Also, pure commercial startups as well as social enterprises can apply.
AfCFTA Vision Challenge Prize
If your startup scale, there will be a potential investment in your idea by Africa’s leading Development Finance Institutions & Banks. (Such as AfDB, TDB, Afreximbank, BADEA, AFC, Equity Bank, Ecobank, CIB & More)
How To Apply
Study the visions shared by Africa’s political leaders and the nuances and caveats raised by its leading thinkers. Then, pause and dazzle the jury of institutional investors with a 5-page plan that shows why you/your team are best placed to realise the leaders’ visions in the 8 critical issue areas based on Agenda 2063.
Choose your own format for the plan but touch on product/solution, people/team, process/operations, innovation, social impact and financial sustainability.
AfCFTA was created by the African Continental Free Trade Agreement among 54 of the 55 African Union nations. The free-trade area is the largest in the world in terms of the number of participating countries since the formation of the World Trade Organization. The secretariat is located in Accra, Ghana.
Once it becomes fully operational, AfCFTA should considerably expand intra-Africa trade whilst helping the continent move up the value chain in multiple industries. Also, it should help achieve the vision of the Agenda 2063 of a united, prosperous, continent relating to equal footing with its peers on the global stage.
The deadline for the AfCFTA Vision Challenge is December 22, 2020. Do you have ideas to submit, apply now using this link; https://www.afcfta.blog/challenge
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