30 Aug 2016

The NTU-SBF Centre for Africa Studies hosted the prize-giving ceremony of its Business Model Competition for a startup in Africa on Tuesday evening 30 August. The congratulatory address was delivered by Her Excellency Hazel Francis Ngubeni, the South African High Commissioner to Singapore. She and Mr. V. Srivathsan, the MD and CEO, Africa and Middle East, Olam International, handed over the first prize.

The final feedback was delivered by Mr Venkatramani Srivathsan.

 The ceremony was attended by the following dignitaries:

  • Her Excellency Hazel Ngubeni, South African High Commissioner to Singapore
  • Her Excellency Zainab Zakaria-Awami, Nigerian High Commissioner to Singapore. She also handed over the second and third prizes
  • Mr Wakaso Haliru Okaku, Finance Attaché of the Nigeria High Commission in Singapore
  • Mr Antonio Claver Pitra, First Secretary at the Angolan Embassy in Singapore
  • Mr Venkatramani Srivathsan, MD and CEO, Africa and Middle East, Olam International Ltd
  • Mr Richard Li, partner, Steel Advisory Partners
  • Mr Ola Olaniyi, Director, Triox Capital


Olam, Indorama and PIL have sponsored the prizes. The prizes are as follows:

  • First Prize: All expenses paid trip to Africa for 1 week
  • Second Prize: S$3000 to the team of 3
  • Third Prize: S$1500 to the team of 3


The following teams received prizes:

  • First Prize: Team Lekker Consulting: Developed a business model for a food court in Johannesburg, South Africa
    • Tay Woon Yeow (NTU)
    • Ng Jun Jie Shawn (NTU)
    • Fong Kai Yin (NTU)
  • Second Prize: Team Ubuntu: Developed a business portal for tourism in Uganda
    • Koh Kang Liang (SMU)
    • Samuel Lim Yong (SMU)
    • Koh Xin Yue Valerie (NUS)
  • Third Prize: Team Hakuna Matata: Developed a biofuel business in Kenya
    • Dinh Thi Thao Ngan (NTU)
    • Chau Phuong Thao (NTU)
    • Pham Do Uyen Nhi (NTU)


Read more in:
African Challenge 2016 Feedback Report




NTU-SBF Centre for African Studies


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Singapore 639798


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