Business
World Economic Forum honors leading African entrepreneurs & innovators
The World Economic Forum (WEF) has honored five African innovators in its roll of Social Entrepreneurs of the Year 2012. Klaus Schwab, founder and executive Chairman of the WEF, presented the award to the five on Wednesday, the opening day of the summit in Addis Ababa, Ethiopia.
“Social entrepreneurs use innovative approaches to extend access to healthcare, education, energy and housing to marginalised populations that may not otherwise be included in the traditional markets. They ensure that growth, such as that experienced in Africa, is and will be inclusive.” said Hilde Schwab, chairperson and co-founder of the Schwab Foundation for Social Entrepreneurship.
The five winners are: Bethlehem Tilahun Alemu, co-founder and managing director, SoleRebels, SoleRebels taps into Ethiopia’s artisan heritage to create durable, stylish and eco-friendly footwear for international markets. The company offers training and employment to hundreds of underprivileged workers and uses environmentally friendly practices.
Sameer Hajee, Chief Executive Officer, Nuru Energy Group, was recognised for coming up with LED light bulbs, which can be recharged using an off-grid, pedal-powered platform. The LED light gives up to 26 hours of light and costs a sixth of the price of petrol. Nuru Energy has set up 70 village-level entrepreneurs who have sold 10,000 LED lights.