Kilifi,KENYA: Kilifi manufacturing company the Kilifi Moringa estates is eyeing the Chivas Global venture award scheduled to be held in Amsterdam next month.
This is after beating other finalists in the Kenyan edition of the Chivas venture 2018 in December 2017.
Kilifi Moringa is set to battle out 26 other finalists drawn from impressive start-ups around the world with USD 1 million being up for grabs.
Already, the 27 finalists have already attended a business accelerator masterclass that was held at the Skol centre for social entrepreneurship and the Said Business school in the UK between 27 and 28th March.
The final award ceremony is scheduled for the 24th of May where USD 1 million is set to be shared among the finalists.
Online voting is already ongoing and the process is expected to determine the recipients of the $200,000 of the USD 1 million dollars.
The finalist with the highest number of votes will receive USD 50,000 while the top four runners-up will receive USD 20,000 each and the remaining finalists will share the remaining USD 70,000 of the USD 200,000 equally.
All the finalists will have to pitch for a share of the remaining USD 800,000 to an audience that will consist of business influencers, change makers and venture capitalists.
According to the Kilifi Moringa Estates CEO Papu Haroon, the company aims at uplifiting the income of women in Kilifi county by providing employment to the local community and buying the Moringa Olifera seeds which have previously been deemed not useful and using them to manufacture products for export such as cosmetics and water purification products.
The company currently employs 300 workers.
Chivas is a blended scotch whisky produced by the Chivas brothers but owned by French distiller Pernod Ricard.
