(CNN)A Nigerian entrepreneur has taken home the top prize at the Jack Ma Foundation’s first annual prize for African businesses.
Temie Giwa-Tubosun walked away with the top $250,000 cash prize from the $1 million available from the Africa Netpreneur Prize Initiative (ANPI), started by Chinese investor Jack Ma.
The organization says it will award a $1m grant to 10 African entrepreneurs every year for the next 10 years.
Giwa-Tubosun is the founder and CEO of LifeBank
, a Lagos-based blood and oxygen delivery company that connects registered blood banks to hospitals and patients in need of urgent blood supplies.
She said: “The Africa Netpreneur Prize will give me the resources to grow LifeBank and expand our presence in Nigeria and throughout the rest of Africa. I look forward to continuing my journey to solve problems and make a significant impact on the future of Africa.”