arrow-circle-full-right arrow-circle-full-up arrow-circle-up arrow-down arrow-right calendar calendar-done facebook flickr home linkedin login pin reload search share signin star twitter video video youtube nav star-plus info signout double-arrow arrow-up checked

FT/IFC Transformational Business Awards 2018

Achieving Sustainable Impact through Technology and Finance

|
Judges include:
Robert  Armstrong

Robert Armstrong

Financial Times

Karin Finkelston

Karin Finkelston

International Finance Corporation (IFC)

Samir Abhyankar

Samir Abhyankar

TPG Growth

Overview

The crucial role of the private sector in global efforts to address climate change, achieve the UN Sustainable Development Goals (SDGs), and eliminate poverty, particularly in fragile and conflict-affected states, will be a key focus of the 2018 Transformational Business Awards.

Special attention will continue to be given to products and services that harness disruptive technologies and business solutions to increase impact and efficiencies. The use of blended finance, combining different sources of capital to ensure scale, will also be highlighted.

This unique global programme, now in its fifth year, is open to all financial and non-financial private sector organisations. The 2017 Awards attracted 148 entries from 152 organisations, involving projects in more than 84 countries.

fallback
fallback Add to my Calendar 03/30/2018 00:00:0003/30/2018 00:00:00falseFT/IFC Transformational Business Awards 2018The crucial role of the private sector in global efforts to address climate change, achieve the UN Sustainable Development Goals (SDGs), and eliminate poverty, particularly in fragile and conflict-affected states, will be a key focus of the 2018 Transformational Business Awards.Special attention will continue to be given to products and services that harness disruptive technologies and business solutions to increase impact and efficiencies. The use of blended finance, combining different sources of capital to ensure scale, will also be highlighted.This unique global programme, now in its fifth year, is open to all financial and non-financial private sector organisations. The 2017 Awards attracted 148 entries from 152 organisations, involving projects in more than 84 countries.FT/IFC-Transformational-Business-Awards-2018e9ed7f7e9b7ff2a83ebd2786130892a5MM/DD/YYYY

Conference

TB_MICROSITE_SIDEBAR_CONF

fallback

AWARDS BROCHURE

Download here

JUDGING CRITERIA

Find out more

Full Overview

The Financial Times and the International Finance Corporation (IFC), a member of the World Bank Group, have launched the fifth edition of the FT/IFC Transformational Business Awards, the global programme highlighting innovative, long-term private sector solutions to major development challenges.

The crucial role of the private sector in global efforts to address climate change, achieve the UN Sustainable Development Goals (SDGs), and eliminate poverty, particularly in fragile and conflict-affected states, will be a key focus.

Special attention will continue to be given to products and services that harness disruptive technologies and business solutions to increase impact and efficiencies. The use of blended finance, combining different sources of capital to ensure scale, will also be highlighted.

The Awards will continue to underline ground-breaking and financially viable solutions that help meet the SDGs, which require some 3 to 4 trillion dollars of private sector resources. This year’s Achievement in Sustainable Development awards will focus again on health, food and water security, and education and skills, with particular attention given to the use of new technology and disruptive models. Start-up projects with innovative solutions are encouraged to apply.

The Awards are open to all financial and non-financial private sector organisations. 

The 2017 Awards attracted 148 entries from 152 organisations, involving projects in more than 84 countries.

For 2018, the programme will recognise, showcase and reward innovation, impact, replicability, financial viability and sustainability on a transactional basis across the following categories:

  • Achievement in Transformational Infrastructure
  • Achievement in Transformational Finance
  • Achievement in Sustainable Development, with a focus on
    • Food, Water and Land
    • Health, Wellness and Disease Prevention
    • Education, Knowledge and Skills
  • Overall Award: Excellence in Disruptive Technologies
  • Overall Award: Excellence in Climate Solutions
  • Overall Award: Excellence in Transformational Business

The winners in each category will be announced at a special dinner in London on 6 June 2018.

The dinner will be preceded by the FT/IFC Transformational Business Conference, a major gathering of thought leaders who will explore and debate the issues generated by the Awards. 

The 2018 Transformational Business Awards mark more than a decade of collaboration between the Financial Times and IFC on global awards initiatives that have had a significant impact on the way financial and non-financial institutions approach sustainable investment. These initiatives began in 2006 with the FT/IFC Sustainable Banking Awards, which evolved into the Sustainable Finance Awards in 2011 and the Transformational Business Awards in 2014.

fallback

Categories

The Transformational Business Awards are open to all financial and non-financial private sector organisations. The focus is on specific projects and transactions and the impact those initiatives have or promise to have on the problems they are targeting. 

While the focus of all categories is on transformational impact in developing economies, the awards are also open to projects that address similar market deficiencies in the developed world and that could be replicated in severely under-supplied regions.

The aim is to recognise, showcase and reward innovation, impact, replicability, financial viability and sustainability across a number of key development sectors. Special attention will be given to initiatives that address climate change, and/or harness disruptive technologies and business models to achieve their goals.

Projects or transactions must have passed the implementation stage, or be close to doing so, and should result in measurable impact. They must be financially viable now or potentially within five years of implementation. Only initiatives that have been implemented within the past five years will be eligible -- projects implemented before 2012 will not be eligible. Start-up projects are encouraged to apply.

Achievement in Transformational Infrastructure

The award for Achievement in Transformational Infrastructure highlights projects – in both urban and non-urban contexts -- that address the most crucial infrastructure needs in developing economies, with long-term socio-economic impact. Special attention will be given to initiatives that are environmentally conscious and help efforts to fight climate change, including green building. Land governance will also be taken into account. This category is open to private sector businesses only.

Achievement in Transformational Finance 

The award for Achievement in Transformational Finance recognises innovative financing structures, products or services -- including blended solutions that bring together diverse sources of capital -- that support initiatives with substantial social, environmental and corporate governance value and the potential to transform lives in developing economies. This category is open to all private sector financial participants. 

Achievement in Sustainable Development

In September 2015, members of the United Nations adopted 17 Sustainable Development Goals (SDGs) designed to achieve by 2030 the eradication of poverty in all its forms, as well as protect the planet from degradation, and generally ensure that all human beings can enjoy prosperous and fulfilling lives. The crucial role of the private sector in addressing the challenges highlighted by the SDGs is recognised in the Achievement in Sustainable Development category, which focuses on certain specific goals or targets. This category is open to all financial and non-financial private sector organisations, as well as NGOs that can meet the judging criteria. Particular attention will be given to the use of new technology and disruptive business models. Entries that focus on projects in fragile and conflict-affected states and the world’s poorest countries are encouraged.

 For 2018, this category comprises three separate awards:

Food, Water and Land 

This award relates to Goal 2 “End hunger, achieve food security and improved nutrition and promote sustainable agriculture”, and Goal 6: “Ensure availability and sustainable management of water and sanitation for all”, with an additional emphasis on access to land, land tenure rights, land management, and land governance – all critical for the achievement of both food and water security.

Health, Wellness and Disease Prevention

This award relates to Goal 3: “Ensure healthy lives and promote well-being for all at all ages”. Although significant strides have been made in increasing life expectancy in developing economies, much more needs to be done to reduce the mortality rate, particularly among mothers and infants; improve the delivery of medicines, healthcare and health education; reduce the impact of a wide range of diseases; and rapidly address new and emerging health issues. Special attention will be given to innovative, replicable business models that improve the quality and cost-effectiveness of healthcare delivery. 

Education, Knowledge and Skills

This award relates to Goal 4: “Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all”, with an additional emphasis on the provision of skills-based training that will help young people gain employment and entrepreneurs secure their livelihoods, in line with Goal 8: “Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.”

Overall Awards 

Excellence in Disruptive Technologies

This award will recognise the short-listed initiative that stands apart across all private sector categories for its ground-breaking use of new technology and the strength of its disruptive approach to markets and business models.

Excellence in Climate Solutions

This award will recognise the short-listed entry that across all private sector categories most effectively addresses one or more of the effects of climate change in the context of a developing economy, or that can be replicated in a developing economy.

Excellence in Transformational Business

This prize will be awarded to the initiative that in the opinion of the judging panel stands apart among the winners of all private sector categories for its level of innovation, impact, replicability, financial viability and sustainability in the context of a developing economy. 

fallback

shortlist for the transformational business awards

A total of 189 entries were received from 278 organisations involving projects in more than 126 countries.

Achievement in Transformational Infrastructure
- Chaldal Grocery Delivery Network, Bangladesh
- CleanMax Rooftop Solar for Tata Group, India
- Fluence Energy Storage Programme, US
- Nissan Energy Electric Vehicle Power Solutions, France
- Wecyclers Entrepreneurial Recycling Force, Nigeria

See summary of submissions here

Achievement in Transformational Infrastructure: Green Buildings
- Africa Building Partners Mother & Baby Unit, Ghana
- Capital House EcoHome Phuc Loi Project, Vietnam
- Morocco Green Mosques Programme

See summary of submissions here

Achievement in Transformational Finance
- Aihuishou Electronics Recycling Platform, China
- Alipay Financial Access Platform, China
- Climate Fund Managers Investor One Funds, Netherlands
- GuiaBolso Digital Personal Finance Hub, Brazil
- LuxEX Luxembourg Green Exchange
- MicroEnsure Global Products Platform, UK
- OASIS Loss Modelling Framework, UK

See summary of submissions here

Achievement in Sustainable Development: Food, Water and Land
- Connecterra Ida Dairy Farmers AI Assistant, Netherlands
- DCM Shriram Meetha Sona Sugarcane Programme, India
- eWATERpay IoT Pre-Payment Meters, UK
- SilverStreet Capital Poultry Value Chain Initiative, UK
- Stanley Black & Decker Clean Tech Pump, US
- SunCulture RainMaker Irrigation System, Kenya
- Twiga Foods B2B Marketplace, Kenya

See summary of submissions here

Achievement in Sustainable Development: Health, Wellness and Disease Prevention
- hearScreen Healthy Hearing Solution, South Africa
- JokkoSanté eHealth Loyalty Programme, Senegal
- Khushi Baby Maternal and Infant Digital Health Initiative, US
- Lifetrack Medical Imaging Platform, Philippines
- Logistimo eVin Vaccine Supply Chain Management, India
- Novartis Access NCDs Affordable Treatment Programme, US
- Telenor Health Tonic Ecosystem, Bangladesh

See summary of submissions here

Achievement in Sustainable Development: Education, Knowledge and Skiils
- Alqueria Education Quality Programme, Colombia
- Andela Talent Ecosystem, US
- Beyond Water Entrepreneurship Capacity Building Programme, UK
- GE-Tata Trusts Healthcare Skills Programme, India
- Genius Plaza Digital Education Platform, US
- PUJ Academic Innovation Programme, Colombia
- UX Biscate Skills Marketplace, Mozambique

See summary of submissions here

fallback

Judging Panel (8)

Robert  Armstrong

Robert Armstrong

Chief Editorial Writer
Financial Times

Robert Armstrong became the Financial Times’ Chief Editorial Writer in November 2016. Previously, he was head of the FT’s esteemed Lex Column, as well as a Lex columnist based in New York, providing insight on US technology, pharmaceuticals and consumer goods companies. Prior to joining the FT, Mr Armstrong was a senior columnist at Dow Jones Investment Banker, covering health care and technology. His writing has also appeared in The Wall Street Journal in the US and Europe and in Barron's. Prior to this, he served as an equity securities analyst at Seminole Capital Partners. Mr Armstrong earned a PhD in Philosophy at Columbia University, New York, where he taught undergraduates, and a BA, also in Philosophy, at Wesleyan University in Connecticut.

Karin Finkelston

Karin Finkelston

Vice President, Partnerships, Communications and Outreach
International Finance Corporation (IFC)

Karin Finkelston is the International Finance Corporation’s (IFC) Vice President for Partnerships, Communications and Outreach. Ms Finkelston’s career at the World Bank Group includes a series of leadership positions at IFC and the Multilateral Investment Guarantee Agency (MIGA) in which she led investment and guarantee businesses, and managed relationships with key clients and partners across the world. She was based in Asia for more than 17 years. Ms Finkelston rejoined IFC in July 2017, after serving as MIGA’s Vice President and Chief Operating Officer for two years. At MIGA – the political-risk insurance and credit-enhancement arm of the World Bank Group – she helped the agency deliver record performance, with the guarantee business growing over 70 per cent. Ms Finkelston spent much of her career leading IFC’s investment and advisory business in Asia, most recently as IFC’s Vice President for Asia Pacific, from 2011 to 2013. Previously, she was Director/Associate Director for East Asia Pacific from 2006 to 2011, and Country Manager for China and Mongolia from 2000 to 2006. Prior to that, Ms Finkelston was a Vice President at Manufacturers Hannover Trust Company in Hong Kong after starting her career in New York. As a manager at Barents Group, she led a team in Hanoi, advising and implementing Vietnam’s first privatisation transactions. Ms Finkelston has an MBA from Harvard Business School and an undergraduate degree from Dartmouth College.

Samir Abhyankar

Samir Abhyankar

Partner
TPG Growth

Samir Abhyankar is a Partner at TPG Growth based in London, working across sectors covering the group's investment activities in Africa. Prior to joining TPG Growth in 2015, Mr Abhyankar was a Partner with Satya Capital, where he focused on IT, consumer, financial services and retail investments. Previously he spent six years at Citi Venture Capital International, where he was responsible for its African investment activities, and CDC Group, where he was the Director of Strategy. He was also formerly a management consultant with Marakon Associates. Mr Abhyankar started his career with the World Bank as a banking sector analyst. He graduated with an MBA from INSEAD and holds an MA from John's Hopkins' School of Advanced International Studies.

Kalipso Chalkidou

Kalipso Chalkidou

Director of Global Health Policy and Senior Fellow, Centre for Global Development
Professor of Practice in Global Health, Imperial College London

Kalipso Chalkidou is the Director of the Global Health and Development Group at the Institute of Global Health Innovation, Imperial College London, helping governments build technical and institutional capacity for improving the value for money of their healthcare investment. She is interested in how local information, local expertise and local institutions can drive scientific and legitimate healthcare resource allocation decisions whilst improving patient outcomes. She has been involved in the Chinese rural health reform and also in national health reform projects in the US, India, Colombia, Turkey and the Middle East, working with the World Bank, PAHO, DFID and the Inter-American Development Bank, as well as national governments. Between 2008 and 2016 she founded and ran NICE International, a non-profit group within the UK’s National Institute for Health and Care Excellence (NICE).

Helen Clarkson

Helen Clarkson

CEO
The Climate Group

Helen Clarkson joined The Climate Group in March 2017 as Chief Executive Officer. Prior to joining The Climate Group, she worked at Forum for the Future where she founded the organisation’s US office. At Forum, Ms Clarkson led work with large US corporations such as Target, Walmart, Nike, Gap and Levi Strauss & Co to solve complex sustainability challenges at both the organisational and broader systemic level. She also served as Interim Chief Operating Officer for several months. Ms Clarkson joined Forum from Médecins Sans Frontières where she worked on humanitarian missions in countries including Democratic Republic of Congo, Sudan, Burundi, Pakistan and Nigeria. She has an undergraduate degree in Philosophy from Cambridge University, and a Master’s degree in Business Strategy, Politics & the Environment from Birkbeck College, University of London. She is also a Chartered Accountant.

Aly-Khan Jamal

Aly-Khan Jamal

Partner
Dalberg Group

Aly-Khan Jamal is a Partner at Dalberg and founder of its consulting presence in London. A unifying theme across his work involves directing large flows of investment capital to areas where it can generate both returns and impact. As a result, he is particularly active in Dalberg’s Investing for Development practice, and has extensive experience working with development finance institutions, private equity funds, a diverse array of impact investment vehicles, and corporate / strategic investors. Mr Jamal works on a diverse range of issues with these stakeholders. Recent mandates include several due diligence engagements for private equity funds into energy access and diversified light industrials in Africa, developing a agriculture blended finance strategy and toolkit for a range of DFIs and donors, advising a major European DFI on the design of a debt fund to catalyse the growth of off-grid solar energy players, and working with President Adesina of the African Development Bank to develop a $400bn agriculture transformation strategy for Africa. As a result of these and other mandates, Mr Jamal has both a detailed understanding of the shifting landscape of impact investment, and a broad set of relationships amongst different actors.

He began his career at OC&C Strategy Consultants in their Paris and London offices, where he gained substantial experience in commercial due diligence and sector / portfolio reviews for firms including majors such as Texas Pacific Group, The Blackstone Group, The Carlyle Group, KKR, CVC, 3i and Apax, plus a range of boutiques that focus on specific markets and/or verticals in Sub-Saharan Africa and South Asia. Mr Jamal holds a Bachelors of Arts from Oxford University in Politics, Philosophy and Economics, and a Master’s in Economics from McGill University.

Chris Locke

Chris Locke

Founder, Caribou Digital, and Visiting Fellow,
Center on Emerging and Pacific Economies, University of California, San Diego

Chris Locke is the Founder of Caribou Digital and a Visiting Fellow at the University of California, San Diego's Center on Emerging and Pacific Economies. Caribou Digital works with development organisations to build digital economies in emerging markets, helping to take critical mobile services covering health, agri, money and learning tools to scale at a nationwide level.  Mr Locke was previously the Managing Director of GSMA Mobile for Development. He has spent the past 15 years working in the mobile and internet industries for companies including the Virgin Group, Three, AOL and T-Mobile. Previous to his industry career, he was the Xerox Lecturer in Electronic Communication and Publishing at University College London, and has maintained strong links to the research community. He is co-editor of “Thumb Culture: The Meaning of Mobile Phones in Society,” an anthology of research considering the global social effect of mobile technology.

Kanini Mutooni

Kanini Mutooni

Director for Investment
East Africa Trade and Investment Hub

Kanini Mutooni is Director for Investment at the East Africa Trade and Investment Hub in Nairobi, an eight-country initiative created to increase and attract patient capital investments into the East African region. Since launch in May 2015, the unit has supported the allocation of over $25m in investment to companies in the agri-business, financial services and technology sectors. Ms Mutooni also serves as an investment committee member of the African Enterprise Challenge Fund, a $250m donor-funded impact fund based in Nairobi with 124 investee companies in Sub-Saharan Africa. She is also the Chair of the Finance and Audit Committee of the Global Innovation Fund, a UK-based $250m multi-donor fund that supports investment in innovations in emerging markets. She also serves as the Chair of Finance and Audit Committee of the International HIV/AIDS Alliance, a UK-based institution that works with communities in over 34 countries to stop the spread of HIV. Ms Mutooni was recognised by the World Economic Forum as a Young Global Leader in 2014 for her contribution to business and was named as one of the most influential businesswomen in East Africa by BusinessWeek magazine in 2013. In 2010, she was nominated in London as a ‘Woman of the City Future Leader.’ A UK Chartered accountant and MBA holder (Cass Business School, City University), Ms Mutooni has worked at Director and Vice President level at Bank of America Merrill Lynch, KPMG, Ernst & Young, and Kleinwort Benson over the past 15 years. She was also the founder and CEO of MyAzimia, an innovative technology platform providing solutions to the crowd-lending sector. The platform facilitated the origination of over $50m in new loans in Europe and the US in the online lending sector.

fallback

ENTRY FORMS (PDF)

Entry forms are now available for download, should you wish to start preparing your submission. Please note that entries will be accepted until 15 March 2018.

Please find below the PDF for each category. Please note you can only submit your application through the link provided, but please use these to guide your submission.

Achievement in Transformational Infrastructure

Achievement in Transformational Finance

Achievement in Sustainable Development, with a focus on Food, Water and Land

Achievement in Sustainable Development, with a focus on Health, Wellness and Disease Prevention

Achievement in Sustainable Development, with a focus on Education, Knowledge and Skills

fallback

Transformational Business Days - Jakarta and Buenos Aires

IFC will be organising two special events to provide more information on the Transformational Business Awards. These Transformational Business Days will take place in Jakarta on March 14 and Buenos Aires on March 19. If you are interested in participating, please contact Nadya Nikiforova at nnikiforova@ifc.org

fallback

Who enters?

Productive sector companies, investment institutions, and advisory firms involved in projects addressing key challenges in urbanisation, technology and sustainability with respect to developing economies, including:

  • Infrastructure developers
  • Energy companies
  • Engineering companies
  • Technology companies
  • Healthcare providers
  • Pharmaceutical companies
  • Design houses
  • Pension funds
  • Sovereign wealth funds
  • Life insurance companies
  • Private equity firms
  • Investment banks
  • Fund managers
  • Consultancies
fallback

Why enter?

Highlight your organisation's contribution to helping to solve some of the key challenges affecting developing economies.

As an entrant to the awards, your organisation and the initiative you are submitting for consideration will be featured on the awards website.

If your entry is short-listed in one of the awards categories:
a) your organisation and the initiative that has been short-listed will be promoted further in an advertisement in the Financial Times newspaper
b) you will be invited to attend the FT/IFC Transformational Business Awards dinner, where the winners in each category will be announced. All short-listed entries are presented in detail at the Awards dinner before the winners are revealed. You will also be able to network with other organisations short-listed for the awards.

If the judging panel selects your entry as a winner in one of the categories:
a) your organisation and the award-winning initiative will be promoted in an advertisement in the Financial Times newspaper
b) a summary of your entry will be featured on the awards website

fallback

FAQ

What types of projects or transactions can be submitted for consideration?

The FT/IFC Transformational Business Awards will recognize, showcase and reward innovation, impact, replicability, financial viability and sustainability on a transactional basis across the following categories:

- Achievement in Transformational Infrastructure

- Achievement in Transformational Finance

- Achievement in Sustainable Development, with a focus on a) food, water and land; b) health, wellness and disease prevention; and c) education, knowledge and skills

Who can apply?

The Transformational Business Awards are open to all private sector organisations – financial and non-financial. Social enterprises can also apply if they meet the judging criteria, including the financial viability of the project highlighted. 

What is the cost to enter?

There is no cost to enter the awards.

Can transactions-in-progress be submitted or do they have to have been completed and in the implementation stage?

Projects or transactions must have passed the implementation stage.

Should transactions have been completed in 2017 or can applications cover transactions from an earlier date? If so, how far back?

Only initiatives that have been implemented since 2012 will be eligible.

Do transactions have to be financially viable?

Projects or transactions must be financially viable now or potentially within five years of implementation. 

Are only transactions in emerging markets allowed?

No, transactions or programmes active in developed economies can be submitted, as long as they have potential replicability in severely under-supplied regions.

What will the judges be looking for?

Our panel will be assessing your entry against judging criteria which can be downloaded from the website. The questions in the entry forms are designed to match the criteria.

When will the judging occur?

The deadline for entries is March 15, 2018. Short-lists will be announced on or around April 16, 2018. The final judging meeting will be on June 5, 2018, the day before the Awards dinner in London.

If you can't find the answer to your question here please feel free to contact us at transformational.business@ft.com.

fallback

2017 AWARD WINNERS

Achievement in Transformational Infrastructure
Winner: Truck Alliance, China

Truck Alliance operates an online freight-truck matching platform in China. Based on the concept of a sharing economy, it connects shippers and truckers, building a virtual infrastructure to combat China’s inefficient and fragmented road logistics industry. The service vastly reduces the time taken to match shipments with trucks, and assists truckers in optimising their routes to save time and fuel.

Special Commendee: National Freight Information and Transportation Hub (NAFITH), Jordan and Iraq

The National Freight Information and Transportation Hub in Iraq is designed to automate port operations to combat corruption. Despite challenges like unstable electricity, primitive banking systems and the need for high levels of security, the project has introduced measures such as eGates, outdoor LED screens and electronic tagging to better manage safety and security, and address the system of informal payments that has developed at certain land ports.

Achievement in Transformational Finance
Winner: WorldRemit, Global

WorldRemit is a global online money transfer business, enabling migrants to send money home to family and friends in developing countries. It is a convenient, low-cost alternative to traditional money transfer companies that use high street agents and charge higher fees. Transfers to most countries are instant and money can be received as a bank deposit, cash pick-up, mobile money, or mobile airtime top-up.

Achievement in Sustainable Development, with a focus on Food, Water and Land 
Winner: Winnow, Global

Winnow is a smart meter that helps chefs cut their food waste in the hospitality and foodservices sector. An electronic scale records the weight of food the kitchen team throws away and sends a message giving the cost of the food wasted. The meter is connected to cloud software which records and analyses the day’s waste. 

Special Commendee: Ignitia, Sub-Saharan Africa

Ignitia is the first forecasting system to produce highly accurate weather predictions for the tropics. To get these forecasts into the hands of farmers, Ignitia sends them a low-cost SMS by partnering with telecommunications companies and allowing the farmers to pay in micro-instalments from their existing mobile credit.

Achievement in Sustainable Development, with a focus on Health, Wellness and Disease Prevention 
Winner: CarePay M-TIBA Mobile Health Wallet, Kenya

CarePay is the developer of the M-TIBA platform, a mobile health wallet that administers healthcare payments between public and private funders, patients and healthcare providers in Kenya. Funds sent to M-TIBA can be used to pay for medical services at accredited M-TIBA health providers.

Achievement in Sustainable Development, with a focus on Education, Knowledge and Skills 
Winner: Edukasyon.ph Employment Platform, Philippines

More than 200,000 students have used online platform Edukayson.ph, the first education-to-employment tool in an emerging market. Operating in the Philippines, it lists every course available in the country and curates thousands of scholarships. Brokering partnerships with paying private schools and government organisations, it also shifts the growing cost of education and training from the individual to the large corporation.

Special Commendee: BRAC STAR Skills Training Programme, Bangladesh

The STAR programme tackles the skills gap in Bangladesh with an innovative apprenticeship scheme. It pairs apprentices together under a Master Crafts Person, usually the owner of a small business, where they receive six months’ full-time training in financial literacy, market assessment and hands-on experience of managing a business. When the apprenticeship is completed, students are tested, certified, and linked to employment.

Special Public Sector Award: Achievement in City-Led Transformation

Winner: PACCM Climate Action Programme, Mexico City

Mexico City’s Climate Action Program for 2014-2020 has delivered a framework to reduce the environmental, social and economic risks posed by climate change while promoting the welfare of the city’s population.

Overall Award: Excellence in Disruptive Technologies

Winner: Truck Alliance, China

Overall Award: Excellence in Climate Solutions

Joint winners: 

Block Island Wind Farm, US

The Block Island Wind Farm is the first commercial offshore wind farm ever constructed in the United States. The island now generates 100 per cent of its electricity using wind energy and a new interconnection to the mainland power grid. Having also lowered the utility costs for Block Island residents by up to 40 per cent, this project paves the way for larger offshore commercial wind projects throughout the US.

CrossBoundary Energy Fund, Kenya, Rwanda and Ghana 

The CrossBoundary Energy Fund is increasing the efficiency of solar asset financing in Africa by aggregating investor capital. This has improved project economics by distributing costs across a portfolio of contracts. CBE’s portfolio has included a solar facility at the Kigali Genocide Memorial in Rwanda, a solar and battery installation at Loisaba Conservancy in Kenya, and a solar carport at Nairobi’s Garden City Mall.

Overall Award: Excellence in Transformational Business

Winner: WorldRemit, Global

fallback

Case studies

In this series of documents, we profile the winners and commendees of the 2016 FT/IFC Transformational Business Awards to share how they are delivering sustainable solutions and making a difference in their markets, countries and communities.

Profile: Harare City Council, Highly Commended - Special Award Excellence in City-Led Transformation 2016Download here >>

Profile: NatureVest, The Nature Conservancy and JPMorgan Chase & Co, Winner - Transformational Finance 2016Download here >>

Profile: Farmerline, Winner - Sustainable Development: Sustainable Agriculture.Download here >>

Profile: Lumos and Overseas Private Investment Corporation (OPIC), Shortlisted - Achievement in Low-Carbon Urban TransformationDownload here>>

Profile: Imperial Homes Corporation and Enfinity, Philippines, Shortlisted - Achievement in Low-Carbon Urban TransformationDownload here>> 

fallback

Testimonials

International Finance Facility for Immunization

Winner: 2015 Achievement in Transformational Finance category

“Winning the 2015 Achievement in Transformational Finance Award for our $500-million socially responsible Islamic bond issue helped us build a more diversified relationship with our investors,” said René Karsenti, IFFI Board Chair. “This was a truly groundbreaking transaction that earmarked the funds for purchases of life-saving vaccines, and it pushed us to look for more innovative ways to save children’s lives.  We hope 2016 applicants will be motivated to enter the awards to bring their experiences forward to help inspire others.”

Operation ASHA

Winner: 2015 Achievement in Information and Communications Technology

“Operation ASHA delivers vital healthcare services to the underserved people at the very bottom of the pyramid.  We entered the FT/IFC Transformational Business Awards to call the attention of the public health experts and governments to our approach, so that we could have an opportunity to save more lives through strategic partnerships.”

“Winning the award gave us a feeling of great achievement, and pushed us to do more with greater determination and courage, better results, and more impact.”

“Winning the award helped us build stronger relationships with individuals, donors, families, NGOs, researchers, academicians, and governments of new countries who are willing to adopt our model. It also gave us a big boost in credibility, and helped us build more trust with our partners and donors.  The recognition helped us develop more partnerships and secure more funding to scale up and replicate what worked in other places.  In 2015 – 2016 we received awards from other organizations such as Qualcomm to upgrade technology and use 3G for training health workers in remote setting, and also from Pfizer to scale eDetection technology to step up detection of missing Tb patients.”

“It is important to seek recognition with awards like these. Winning gives you a seal of approval from two of the best organizations in the world, FT and IFC.  This will lead to greater funding, more partnerships and new momentum to your work.” 

Quotes: Dr. Shelly Batra, Founder

K-Electric Limited, Pakistan

Winner: 2014 Achievement in Project Finance/Infrastructure category

“Applying for the FT/IFC Transformational Business Awards was an opportunity to compete with international institutions and corporations in achieving developmental impact, as well as share KE’s successful experience with the global community. “

“Winning the award gave us immense pleasure and satisfaction.  Getting recognized for our innovative approach and development impact at the international level in the field of top-notch participants from around the globe is a matter of great pride for our entire organization.”

“Winning the award has boosted our image in the international business community and among financial markets players and credit rating agencies. Our stakeholders saw it as another feather in KE’s cap.”

“Multi-faceted criteria, complete transparency of process, and backing of two internationally reputed organizations like IFC and the Financial Times make this award is highly sought-after for international corporations who strive for international glory but also want to share their experience and learn from the others.”

Quotes: Muhammad Farrukh, General Manager, Treasury

fallback

Organisers (2)

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity.We utilize and leverage our products and services—as well as products and services of other institutions in the World Bank Group—to provide development solutions customized to meet clients’ needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges.IFC is also a leading mobilizer of third-party resources for its projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources.

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of more than 910,000 and makes 60% of revenues from its journalism.

YOUR CONTACTS

Jessica Yuen
Senior Event Manager
Financial Times Live
Funmbi Adenubi
Delegate & Event Enquiries
Financial Times
Jeff Wagner
Programme and Speaker Enquiries
Financial Times
Rachel Jones
Marketing & Media Partnership Enquiries
Financial Times