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The AfCFTA Secretariat and its partners on the 4D, ProPer and Caravan Initiatives, AfroChampions and the Arab Bank for Economic Development (BADEA), have announced the finalists and semi-finalists for the AfCFTA Caravan Prize.<\/b><\/p>\n
A key criterion for the selection of the finalists and semi-finalists is for an organisation and its founders to conceive and implement models, concepts, plans, products and\/or services that, at scale, can contribute to the objectives of AfCFTA and the broader Agenda 2063 of the African Union, of which AfCFTA is a flagship.<\/span><\/p>\n The finalists and semi-finalists were selected by <\/span>jurors<\/span><\/a> with a rich background in the development and economic transformation sectors. Their selection further reflects their institutions\u2019 strong commitment to AfCFTA, SMEs, startup innovation and inclusive growth.\u00a0 They had the difficult task of picking the AfCFTA Caravan Prize semi-finalists, finalists, and eventual winners.<\/span><\/p>\n A list of finalists and semi-finalists, chosen from a pool of more than 1500 eligible candidate enterprises, can be found below and also on the Prize webpages <\/span>here<\/span><\/a>.<\/span><\/p>\n About the AfCFTA Caravan Prize<\/b><\/p>\n The AfCFTA Caravan Prize celebrates Africa’s SMEs, startups, social enterprises and innovator entities keen on harnessing the benefits that will be created by AfCFTA to expand continentally and flourish at the grassroots.\u00a0 Growing out of the earlier AfCFTA Vision and Caravan Africa competitive grants programs, the Prize seeks to discover transformative ideas to expedite AfCFTA implementation.<\/span><\/p>\n The Prize is a component of the broader Caravan Initiative, which itself is a flagship of the AU-led 4D Initiative. The <\/span>Caravan platform<\/span><\/a> aims to provide extensive soft infrastructure to boost the capacity of SMEs and startups in Africa to expand beyond their home country. It is at the base of the ProPer Network, a supply chain quality assurance program created to ensure that the \u201cRules of Origin” system at the heart of AfCFTA works for both governments and businesses. Caravan also powers the \u201cjobs in green tech” program, the <\/span>Digital Green Corridor<\/span><\/a>, designed to promote a trade & investment corridor for Africa’s clean tech entrepreneurs to benefit from AfCFTA and the ongoing global green shift simultaneously.<\/span><\/p>\n