Kenya’s WayaWaya, Ghana’s Oze & SA’s Snode Technologies raise $225K from MEST Africa Challenge 2019

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Pan-African entrepreneurial training program, seed fund, and incubator MEST Africa, has named Oze from Ghana, Snode Technologies from South Africa and WayaWaya from Kenya as this year’s winners of the MEST Africa Summit 2019.

MEST Africa Summit, held in partnership with Microsoft brought together entrepreneurs, investors, ecosystem players and executives from across Africa and the globe meet to explore innovations and rising stars in the African tech ecosystem. Panelists discussed topics ranging from data in the fintech space, to  the latest in agritech and healthcare, to ways we can cultivate a Pan-African tech ecosystem, and more.

MEST Africa Challenge; an annual Pan-African pitch competition, and ended with a twist. Rather than choosing one winner, the judges awarded $50,000 in equity investment from MEST and $25,000 in credit from Microsoft to each of three startups: Oze from Ghana, Snode Technologies from South Africa and WayaWaya from Kenya.

According to Aaron Fu, Managing Director at MEST Africa, “We started this with the aim of creating a space for honest discussions on how the continent can continue to move forward and markets can come together – my personal hope is that we continue to see this grow and that more collaborations across markets take shape.”

MEST Africa has been training, supporting and investing in tech entrepreneurs on the continent for more than 10 years. Over 330 individual entrepreneurs have been trained at MEST, and nearly 60 tech companies have been launched via seed funding and mentorship. Five companies have exited, including Amplify Payments Ltd. (Amplify) who was recently acquired by leading Nigerian fintech player, One Finance Limited (OneFi), to further develop the payments ecosystem in Nigeria.

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Since its 2008 launch in Accra, Ghana, MEST has been at the forefront of driving some of the continent’s most successful entrepreneurs – pushing them to scale, while achieving Pan-African and global reach and recognition. MEST has invested over $22M to date, with portfolio companies going on to receive follow-on funding.