Namibia Business School (NBS) fought bravely in the Africa Business Concept Challenge, in which the school finished in the top five.

The school’s water retention system concept was ranked number five on the continent, out of 34 institutions from 15 countries.

Namibia Business School Team Leader and Project Management Coordinator Franky Gonteb updated The Namibian last week.

The Africa Business Concept Challenge aims to promote responsible capitalism, investment and to identify young people likely to be mentored.

The contest ran virtually from April 12, and the winners were announced last week.

Business concepts have demonstrated the role of academia in leading innovation and shaping countries’ economic trajectories.

In addition, the call for African universities to strengthen research and contribute to various breakthroughs is demonstrated through this challenge.

The Lagos Business School of Nigeria won the challenge by designing a sustainable aquatrac fish consumption system and was awarded USD 5,000 for it.

This school also won second prize for its modular housing concept.

Ghana’s Kwame Nkrumah University of Science and Technology took third place.

NBS and the Botswana International University of Management completed the top five – in no particular order.

The competition challenged student teams to craft a viable business concept that addresses a relevant local issue related to sustainability and Agenda 2063.

Agenda 2063 is Africa’s master plan and blueprint for transforming the continent into a world power of the future.

The NBS, which reports to the University of Namibia, sent a team called Crystal Water to participate.

Crystal Water, with four members, competed against more than 80 student teams from 34 institutions across Africa for five weeks.

The team designed a system that holds water in the soil, inspired by the need to reduce the devastating impact of drought in Namibia in particular and southern Africa as a whole.

“It’s basically a recycling system designed to keep the soil moist,” says team leader Franky Gonteb.

He says the competition was exciting, but nerve-racking, given the fast pace at which they had to complete different tasks.

“It was a nerve-racking competition but I’m happy with what the team did and the effort they put in. It was really a lesson learned. We’re proud that we even beaten institutions from big countries, like South Africa, “he says.

The other members of the Crystal Water team are Jacobina Haiduwa, Bojelo Plaatije-Dube and Angelo Kloppers.

The team was mentored by Katrina Simon-Agolory, who also coordinates the project management program at NBS.

Mentors have been appointed to guide the teams and enrich their learning experience.

One of the tasks of the challenge was to create a community learning platform to provide mutual support.

“The most rewarding for me as an educator has been to witness their deepening of their analytical skills around the product and the company,” says Simon-Agolory.

NBS Director Grafton Whyte said the Africa Business Concept Challenge is a really great initiative.

“Namibia Business School was proud to be a competitor in this inaugural event, and for our Crystal Water team to have achieved the last five product concepts was indeed an honor,” he said.

The competition required student teams to engage in a four-phase project development process where ideas, products and / or services are put up for sale on a virtual exchange on the Peaqs platform.

Projects were accepted on the basis that they define a challenge and / or a need, and demonstrate a business idea for meeting the challenge.

In addition to the $ 5,000 cash prize, there were other perks for entering the competition, such as mentoring experienced entrepreneurs, leading business professionals and university professors, and networking opportunities with business teams. students from all over the world, as well as with experienced entrepreneurs. and industry professionals.

Participants also had the opportunity to interact with experienced, high-caliber judges who are accomplished entrepreneurs and industry leaders.

Additionally, participants received personalized and individual feedback during the project development process on the Peaqs platform.

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