Team Wellfed of the Enactus chapter of Kwame Nkrumah University of Science and Technology (KNUST) has been named among the top five teams in the 2021 GSBN Africa Business Concept Competition, after 4 intense rounds of 82 teams in 15 countries across Africa designing viable business concepts that address locally relevant challenges
They will be competing against four other teams from tertiary institutions in Nigeria, Botswana, Egypt and Namibia for the ultimate prize.
The GSBN Africa Business Concept Competition is a virtual business concept competition for African undergraduate and graduate students sponsored by Stanford Seed and AACSB International and supported by Peaqs and Em lyon business school.
The Africa Business Concept Challenge intends to assist young people from the African continent who have an entrepreneurial orientation, a desire to serve their community, and demonstrate the values outlined below. With a focus on promoting responsible capitalism, the competition will identify high potential young people for mentorship and investment.
The competition challenges student teams to design a viable business concept that addresses a locally relevant challenge or problem related to sustainable development and Agenda 2063.
The members of the team include Joseph Henry Nyarko (Communications Design student and Millennium Fellow), Mary Acheampong Ghartey (Materials Science and Engineering Student), Georgina Y.K Boamah (Biochemistry Student and Millennium Fellow) and Nana Osei Sarpong (Economics student and 2020 IMF Fund Challenge finalist).
Reacting to Team Wellfed’s qualification into the final of the competition, the President of Enactus-KNUST, William Abrefa stated: “The journey of this team to the finals of this competition excites and motivates me a lot. They defied all odds, persisted, and persevered to make this happen. They have shown us that teamwork, perseverance, dedication, and commitment make the dream work and I am very excited to see them in the finals.”
In their bid to restore Akumadan, a tomato farming community in Kumasi facing issues with the storage and preservation of farm produce, Team Wellfed, empowered farmers through education on appropriate farming methods, provided effective means for tomato preservation and connected farmers to buyers.
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