Read all about the business cases and participating companies of the New Business Challenge 2017.
The business cases of 2018 will be updated in April.
According to recent statistics, people in Europe have an average of 4.5 mobile phones hidden in drawers at home, which are not used anymore, and sometimes completely broken. This goes for the African continent as well. Closing the Loop is asking you to come up with a creative / innovative way how it should partner up with local providers (Tigo for example) in order to convince people to hand in their scrap mobile phones or buy green mobile phones at a premium. These options would all work towards a cleaner environment, which does not seem to be the priority of the customers. E-waste generally either ends up in landfills or is sold on the black market to foreign traders. This is an issue, beyond the obvious environmental reason.
The challenge: come up with ways for a nation-wide collection method and a marketing plan to encourage people to think of their environment and sustainability.
Dozens of countries around the world lack a social security net for the informal sector, which often comprises around 80% of those economies. In Ghana there are 12 million workers in the informal sector currently without a pension. These workers run into old age poverty after they stop working. People’s Pension Trust Ghana Limited provides affordable and flexible pension product to workers in the informal sector to prevent them from falling into old age poverty. Currently majority of our clients pays their pension contribution in cash to a sales agent with all the associated risk and cost involve. People’s Pension Trust would like to transit the mode of payment from cash payment to digital payment (mobile money).
The challenge: What innovative idea can People’s Pension Trust use to change the mode of contribution payment from cash payment to digital payment?