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The Moroccan commercial bank BMCE Bank, has opened applications for its African Entrepreneurship Award (AEA), reports Disrupt Africa.

The host, BMCE bank, noted that the competition aims to recognise the contributions from private businesses in improving the African economy. The bank says it is trying to locate entrepreneurs who are impacting education, environment and uncharted territories in Africa.

“We seek all Africans, around the world, who want to create jobs and improve lives in Africa. Is it hard? Yes! Do we believe this is the best way forward for Africa? Yes! BMCE Bank of Africa is powering this Award because we believe that private businesses are the power behind our economies – our livelihoods – our jobs – our families’ futures,” Issam Skalli, project manager of the award said.

The top three winners selected stand a chance to win a minimum of $10,000 to $500,000 each.

The submissions will be considered in three rounds, regional, pan-African and global. At every round, a group of mentors are responsible to assess the applications while the finalist from the three rounds will pitch before a ‘presidential jury’ in Morocco by October.

Additionally, the champions will receive assistance in launching and scaling their businesses, with an all-expense paid trip to Nairobi, Kenya, to attend the 2015 Global Entrepreneurship Summit.

Applications are opened till June 30.

Source: Disrupt Africa

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