Over 1,400 submissions from small and medium-sized enterprises from Botswana, Cameroon, Cote d?Ivoire, Ghana, Kenya, Namibia, Nigeria, Rwanda, South Africa and Uganda were received. Out of this pool of submissions, ten companies were identified as finalists.

Superflux International Limited emerged the Grand Prize Winner of USD 100,000 .00  Five other prizes of USD 50,000 each were awarded to:

The Award Ceremony also honoured the four other finalists which are:

The Legatum Pioneers of Prosperity Africa Awards is a program that seeks to recognise and reward the best small and medium businesses (SMEs) across the African continent. It aims at bringing together top African businesses, investors, presidents, policymakers, the press, and NGOs to celebrate and recognise torch-bearing companies and entrepreneurs in Africa.

In any given economy, SMEs are the largest employers, and in emerging markets, particularly, they represent the best hope for a nation to achieve economic growth and social stability through the creation of worthwhile, sustainable employment.

The long-term aim of Pioneers of Prosperity is to turn these companies into powerful role models that will inspire the next-generation of African business leaders and COW-F entrepreneurs

Legatum are joined as partners in the program by the OTF Group and the S.E.VEN Fund, which share Legatum's commitment of enterprise based solutions to reduce poverty, and which developed the rigorous and transparent selection framework upon which the applicants were evaluated. An international panel of leading business experts completed the judging process.

The 2008 Award program builds on the success of the inaugural Legatum Pioneers of Prosperity Africa Award in 2007 which attracted over 450 firms from five countries in East Africa. Six winners AAA Growers (Grand Prize Winner), Good African Coffee, Entreprise Urwibutso, KenCall, Tele-10 and Virtual City were recognized during the Award Ceremony hosted by His Excellency President Paul Kagame of Rwanda, in Kigali on November 30, 2007. These winners have been profiled in the documentary Unlocking Africa, directed by award-winning filmmaker Jeff Zimbalist, and may be viewed online at www.legatum.com/unlockingafrica.

The CEO of Superflux receiving award from
President of Kenya

About Legatum
Legatum is a privately owned international investment group whose primary focus is commercial investment, and which also applies its investors expertise to a long- standing involvement in the sustainable development of communities around the globe. Based in Dubai, with an office in London, Legatum is comprised of four divisions, Legatum Capital, Legatum Global Development (LGD), the Legatum Institute, and the Legatum Center at MIT.

Legatum Global Development promotes global prosperity by applying market based solutions to long-term development problems. For more information, please visit Legatums main website at www.legatum.com, and for Legatum Global Development, please visit www.legatum.org.

 About OTF Group
The OTF Group is the competitiveness consulting firm that brings the deepest experience to help build prosperity in developing economies. For decades, OTF Group members have been leaders of change in more than 35 countries and over 20 industrial sectors, from tourism to consumer packaged goods, from agribusiness to financial services. Today, the OTF Group continues to be the thought leader on competitiveness in developing economies and emerging markets. The OTF Group advises developing companies, regions, and nations to be more innovative, increase productivity and create competitive advantage. The OTF Group accomplishes this through its unique coaching and consulting services, and its proprietary methodologies and software technology. For more information, please visit www.otfgroup.com and www.pioneersofprosperity.org.

About  S.E.VEN Fund
The S.E.VEN Fund (Social Equity Venture Fund) is a virtual non-profit entity run by entrepreneurs whose strategy is to markedly increase the rate of innovation and diffusion of enterprise-based solutions to poverty. It does this by targeted investment that fosters thought leadership through books, films and websites; supporting role models - whether they are entrepreneurs or innovative firms - in developing nations; and shaping a new discourse in government, the press and the academy around private-sector innovation, prosperity and progressive human values. For more information, please visit www.sevenfund.org.