Female entrepreneurs awarded for innovative ideas

Female entrepreneurs across the globe are breaking barriers and reshaping the landscape of business, families, and society. The Cartier Women's Initiative Awards is a platform that recognizes and supports these trailblazing women who are making waves in the entrepreneurial world. This year, 18 daring female entrepreneurs with groundbreaking business ideas have been awarded $30,000 each and named finalists for the prestigious awards. One of the standout awardees is Audrey Cheng, the CEO and Co-Founder of Moringa School, a tech education institution based in Kenya. Cheng shared her journey and vision with CNBC Africa, shedding light on the innovative work being done at Moringa School and the future of women entrepreneurs in Africa and beyond. Audrey Cheng's entrepreneurial journey began in 2014 while she was working at Savannah Fund, a venture capital firm. Recognizing the crucial need for talent in the startup ecosystem, Cheng identified a gap in the education sector, particularly in the field of computer science. Many companies were struggling to find skilled professionals, resorting to outsourcing talent from other countries. This realization inspired Cheng to establish Moringa School, a disruptive education model that focuses on equipping students with in-demand technical skills and ensuring a seamless transition into the job market. The success of Moringa School is evident in its impressive 95% job placement rate, a feat that is redefining tertiary education in Africa. With a strong emphasis on market-driven curriculums and a holistic approach that includes soft skills training, the school is bridging the gap between academia and industry, setting a new standard for employability in the region. The impact of Moringa School extends beyond individual success stories to the broader narrative of women empowerment and entrepreneurship. Cheng's vision is not only to expand the school's course offerings and geographic reach but also to inspire a new generation of women leaders in the tech industry. As a recipient of the Cartier Women's Initiative Award, Cheng plans to leverage the $30,000 prize to fuel Moringa School's growth and meet the increasing demand for its innovative training programs. The award serves as a testament to Cheng's dedication and leadership in driving impactful change in the education sector. Looking ahead, Cheng envisions a future where women entrepreneurs collaborate, mentor, and uplift each other to achieve greater heights. By fostering a supportive ecosystem and building strong networks, women can navigate the challenges of entrepreneurship and create sustainable businesses that contribute to economic growth and community development. Moringa School's alumni, many of whom are venturing into entrepreneurship, exemplify the school's role in not only preparing students for jobs but also in nurturing a culture of innovation and economic progress. Cheng's commitment to supporting women-owned businesses extends beyond the walls of Moringa School as she actively mentors and champions women entrepreneurs in various sectors. Her tireless efforts reflect a larger movement towards gender equality and empowerment in the entrepreneurial landscape. Cheng's journey is a testament to the transformative power of education, mentorship, and community support in propelling women towards success in business and leadership. As she continues to pave the way for future generations of women entrepreneurs, Cheng remains a beacon of inspiration and resilience in the ever-evolving world of startups and innovation.