Saturday, October 1, 2022
HomeNews4 Kenyan Students Win Ksh120 Million in Hultz Prize Competition in USA

4 Kenyan Students Win Ksh120 Million in Hultz Prize Competition in USA

4 Kenyan Students Win Ksh120 Million in Hultz Prize Competition in USA

On Tuesday night, September 20, four St. Paul’s University students defeated other competitors to win the 2022 Hult Prize, which was held in New York, USA.

Eco-bana Limited, founded by Keylie Muthoni, Dullah Shiltone, Lennox Omondi, and Brian Ndung’u, was granted a Ksh120 million prize.

The students devised a method to produce biodegradable sanitary pads from banana fiber. 

They hope to combat period poverty by distributing biodegradable towels and preventing the production of plastic.

The Hultz Award finals saw five finalists make their presentations in front of an exclusive panel of judges who would determine the overall winner. 

Former US President Bill Clinton attended as well. Breer (Hong Kong), Savvy Engineers (Pakistan), Openversum (Switzerland), Cooseii (Taiwan), and Flexie are the other finalists (Australia).

Before the announcement, one of the Kenyan students expressed confidence that their creative concept would win the prize.

“With $1 million (Ksh120 million), we’re confident that we will be the best and become number one producers of biodegradable sanitary towels in Kenya and East Africa,” Omondi told Nation.Africa

“We’re a team with a mind for business and a heart for the world. We’ll continue creating sustainable enterprises that will shape the future of the sanitary towels industry that will drive entrepreneurship growth,” he added. 

During their pitch, Ndung’u predicted that their firm would create over 2,000 jobs for Kenyans by 2024 and generate over Ksh6 billion in revenue.

“On Tuesday, at exactly 1.58 pm New York time, Eco-Bana is here to ask for one million dollars to make our dreams come true.



“We predict to sell more than three million pads, generating over Ksh6 billion and employ more than 2,000 people by 2024,” the student noted. 

Before the event, Clinton attended the Clinton Global Initiative (CGI) in New York, where he lauded Kenyan activist Kennedy Odede for enhancing the lives of society’s marginalized sections.

4 Kenyan Students Win Ksh120 Million in Hultz Prize Competition in USA


Do you have any breaking education news, vacancies, events, scholarships, or videos you want us to publish?
 
Talk to our admins and authors: email: hello@teachersupdates.co.ke or WhatsApp: +254 777 100199.

 

KEEP READING

FOLLOW US ON FACEBOOK

​​​​​For more Teachers Update

Best Telegram Groups For Teachers 2021. https://teachersupdates.co.ke

Join the @TeachersUpdates Telegram channel

FOLLOW US ON TWITTER

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

WE'RE SOCIAL

18,340FansLike
1,786FollowersFollow
13,681FollowersFollow
1,255FollowersFollow
4,000FollowersFollow
61,453SubscribersSubscribe
error: Content is protected !!