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Africa’s Business Horoes (ABH) Prize Competition: Ghana’s Prince Agbata listed among top 50 finalists
● Mr. Prince Agbata
The top 50 finalists for the 2022 Africa’s Business Heroes (ABH) Prize Competition was announced on Monday, August 1.
The flagship philanthropic programme, established by the Jack Ma Foundation, identifies, supports and inspires the next generation of entrepreneurs who are making a difference in their local communities.
This year’s competition received more than 21,000 applications and saw applicants from across all 54 African countries with Mr. Prince Kwame Agbata, the Chief Executive Officer (CEO) of Coliba Waste Management Services Limited, as the only Ghanaian among the top 50 candidates.
The top 10 will be announced in October for the grand finale where they will pitch to global business legends and secure their share of the US$1.5 million prize.
While congratulating other African compatriots on the list, Mr. Agbata is excited to be part of the list as his company continues working to address plastic pollution in the country.
“Our drive to ensuring we put purpose over profit speaks volumes. It is no longer traditional recycling as usual; it is circular, innovative and creating equity across the value chain and I am proud to be at the epicenter,” he said in a LinkedIn post, after the announcement.
Ahead of the declaration of the overall winner, The Spectator delves into Prince’s background and what he and his company have been able to achieve over the years.
Background
Prince is a social entrepreneur, an industry consultant and expert in plastic waste recovery, processing and recycling with focus on the Africa continent and market.
He and his partner Mr. Kafui Honu Wisdom started Coliba in June 2016 after the loss of their best friend in the June 3 flood and fire disaster in Accra.
He is a software engineer by training and worked with some tech companies in Ghana prior to starting Coliba and continues to gain recognition for his work.
In 2015, he became an alumni of the President Obama Young African Leaders Initiative in Ghana and was later invited as scholar to the Mandela Institute of Development Studies on leadership in Tanzania.
In 2017, he won the Eco Hero Awards by Samsung Engineering in South Korea and was recently named Fellow of the International Youth Foundation Action Net programme in the United States of America (USA).
Prince says his mission “is to ensure that every single person in West Africa understands, and begins to refuse, reduce and most importantly recycle their plastic waste.”
He is passionate about topics of circular economy, recycling, climate change and sustainability and speaks strongly on these subjects on local and international platforms. He was part of the Mohammed Bin Rashid conference in Dubai in 2019 where he spoke on climate change and sustainability in waste management.
He received the top Sustainable Development Goals (SDGs) Innovator Award by the United Nations in May 2019 and addressed the UN ECOSOC committee on his work, highlighting the prospects and innovation in the waste and recycling sector. In addition to other recognitions, he was named in 2019 as one of the top 40 under 40 most influential young Ghanaian.
Company
Coliba, among other objectives, is “determined to ensure that every district in Accra owns a deposit and plastic buyback centre.” The company offers comprehensive industry-specific recycling services, quality control & sustainability solutions for businesses, corporations and households.
Aside their plastic waste collection and recycling solutions, the company is “helping to address the challenge of unemployment” by training young Africans — most of whom are women to tap opportunities in the plastic and recycling sector.
Prince says, the company since its inception, continues to contribute towards the achievement of the United Nations SDGs specifically goal “1, 3, 8, 10, 11, 12, and 13.”
“To meet the targets of these goals, Coliba prides itself as a one stop destination for all plastic waste recycling related solutions such as assisting clients start and setup domestic plastic recycling programmes, recovery, collection and recycling to various forms of plastic wastes and conversion into new products,” he added.
Mobile App
The CEO again highlights the Coliba App, a waste management web and mobile application that connects households and businesses with affiliated plastic waste collectors.
“With just a click, one is educated on how to start a recycle programme, request pickups and get paid for it. The App is available on Google Play Store but compatible in Ivory Coast,” he noted.
Coliba, he says, continues to contribute to government’s efforts at increasing the recycling rate from two per cent to 92 per cent by 2030 through tech-driven plastic recycling solutions. In line with this, he and his partners are working to build the largest plastic recycling park in West Africa.
Prince, on weekends, plays the violin and joins IDEA Africa, an non-governmental organisation he founded in 2013, to build community libraries in rural communities of Ghana.
By Ernest Nutsugah
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Ghana to locally refine its gold starting October 2025 – Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that plans are far advanced for the establishment of a state-owned gold refinery in the country.
Speaking at the 2025 Minerals and Mining Convention, Mr Gyamfi said the refinery will process locally mined gold into bullion instead of exporting it in its raw state.
According to him, it is unacceptable that Ghana, despite being a leading gold producer in Africa, continues to export raw gold known as dore.
He explained that the Gold Board, working with the Bank of Ghana and local refineries, will from October 2025 begin refining gold locally.
He also disclosed that an ultramodern assay laboratory will be built to ensure international standards in testing gold quality.
Mr Gyamfi noted that the refinery will be wholly state-owned and will help Ghana move away from raw mineral exports to value addition.
This, he said, will boost foreign exchange earnings, create jobs, and position Ghana as a hub for gold refining and jewellery production in Africa.
The CEO stressed that the project forms part of government’s strategy to ensure the country benefits fully from its natural resources and to transform the mining sector into a driver of economic growth.
By: Jacob Aggrey
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There is strength in diversity; let’s live in peace – Zanetor Rawlings urges Ghanaians
Member of Parliament for Korle Klottey, Dr. Zanetor Agyeman-Rawlings, has urged Ghanaians, especially the youth, to value the peace the country enjoys and to see diversity as a source of strength.
Speaking at the National Youth Conference held at the Pentecost Convention Centre under the theme “Igniting Potential; Inspiring Change”, she warned against being lured into conflicts and divisions fueled by reckless statements from politicians, traditional leaders, religious figures, or academics.
According to her, many young people have no idea what it means to live in a country torn apart by war, and therefore must not take Ghana’s peace for granted.
She stressed that the harmony among different ethnic and regional groups should be protected at all costs, since it is peace that allows citizens to gather freely and safely.
Dr. Zanetor said Ghana’s development depends on embracing diversity and working together.
She urged the youth to tap into this strength so that Ghana would continue to shine as the “Black Star” of Africa and serve as an example for other nations.
She expressed appreciation to the participants for attending the conference and asked for God’s blessings on the country.
By: Jacob Aggrey
