Royal Academy of Engineering Honours Social Lender’s Founder, Faith Adesemowo, Others Leading Entrepreneurial Innovations in Africa

Founder, Social Lender, Faith Adesemewo

Royal Academy of Engineering, – a United Kingdom based charity that uses the power of engineering to build A sustainable society and inclusive economy that works for everyone has recognised Social Lender’s Founder, Faith Adesemowo and other five Nigerians in Africa’s Prize for Innovation in Engineering Innovation.

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Other five Nigerians that were also recognised along with Faith are Elohor Thomas, founder CodeLn, – an automated tech recruitment platform that supports software engineering recruitment, connecting companies with talented people in the field and helps test their coding abilities; Jacob Azundah, created Aevhas, – a high-efficiency machine that processes cassava roots into West African diet staple, garri, and Olugbenga Olufemi Olubanjo who created Reeddi, – an energy system used to provide clean, reliable and affordable electricity to households and businesses operating in energy-poor communities.

Others were Taofeek Olalekan, founder of RealDrip, – an intravenous therapy solution that combines the Internet of Things and AI to monitor dosages, flow rates and intake time and Yusuf Bilesanmi who created ShiVent, a low-cost, non-electric and non-invasive ventilator for patients with respiratory difficulties.

Social Lender is a digital financial services solution that uses a social reputation score to provide access to formal financial services for those without access to a smartphone or bank account.

The Africa Prize for Engineering Innovation was founded by the Royal Academy of Engineering in 2014 and it’s the Africa’s biggest prize dedicated to developing African innovators and assisting them to maximise their impact.

The award supports ambitious African innovators developing scalable engineering solutions to address local challenges, demonstrating the importance of engineering as an enabler of improved quality of life and economic development.

Sixteen African entrepreneurs with community-transforming innovations were awarded supports to accelerate their businesses and shape the continent.

This year’s shortlist represents nine countries that include, for the first time, Côte d’Ivoire, Senegal, Ethiopia and the Gambia.

Her Majesty’s Trade Commissioner for Africa at the UK Department for International Trade, Emma Wade Smith OBE said that the innovations made him proud to be part of the initiative that demonstrates so clearly and practically the power of partnerships between Africa and the UK.

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“The range of innovations and innovators in this year’s shortlist offers an insight into Africa’s extraordinary diversity and talent and illustrates the importance we all place on nurturing and supporting Africa’s self-starters to create and scale sustainable and inclusive products and services that will help us rebuild our economies to be greener, cleaner and more resilient”, he said.

Six of the 16-strong shortlist were female innovators.







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