MIT, Mastercard Foundation Launch Prize for Financial Inclusion in Africa

Monday, March 19, 2018

By Vincent Obia

The Legatum Centre for Development and Entrepreneurship at the Massachusetts Institute of Technology, in association with the Mastercard Foundation, Wednesday announced the launch of the 2018 edition of the pan-African Zambezi Prize for Innovation in Financial Inclusion.

A statement by the centre said the competition, which awards a total of $200,000 in prizes, was established to discover Africa’s most promising and innovative early-stage start-ups that support and advance financial inclusion on the continent.

It said: “The Zambezi application is now open for early-stage African tech start-ups who are furthering financial inclusion in Africa. Applicants will be judged on their ability to solve one of the financial inclusion challenges put forth by the Prize; their current and potential impact on the local ecosystem; the scale of their innovation; and the feasibility of the solution.”

Photo courtesy of Mastercard Foundation.

Source: This Day Live (link opens in a new window)

financial inclusion, fintech, startups