The Zambezi Price

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zambezi price

We @iLabAfrica are always ready to share with you great opportunities that you can seize and better yourself. This past weeks, we have shared with you many such opportunities. Well, here is another Competition titled “Zambezi Price” by MasterCard Foundation & Legatum Center at MIT Innovations.

What is Zambezi price?

The Zambezi Prize raises awareness of entrepreneurship and financial inclusion, encourages the flow of capital to financial inclusion ventures, and advances entrepreneurship and financial inclusion to fuel broad-based prosperity.

Application Details

The prize is open to a wide spectrum of financial inclusion ventures demonstrating innovation and potential for impact, financial sustainability, and scalability.

Cash Prizes

The Zambezi Prize awards $200K USD annually to support ventures that contribute to financial inclusion in Sub-Saharan Africa.The first place winner receives $100K USD. An additional $100K USD is divided among second and third place winners and a small group of finalists.


Ventures must advance financial inclusion in Sub-Saharan Africa and have progressed beyond concept. Ventures could include – but are not limited to – electronic payment systems, customer-centered payment plans, new financial products, or mobile banking instruments.

Application deadline: November 15, 2014

For more details on this awesome opportunity click here


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