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According to the organisers, given Nigeria's track record as a breeding ground for Africa's unicorns, this is a unique opportunity to interact directly with tech talent.

Alexander Hizikias, co-founder and CEO of eQup, describes fintechs as a movement that is transforming people's lives through increased financial inclusion.

A total of 16 companies demonstrated their arsenal of capabilities at the event, including ideal pitching abilities, concise storytelling, pitch decks, and command of their numbers.

The winners will receive a cash contribution of €25,000 for the first prize winner, €15,000 for the second prize winner, €10,000 for the third prize winner.

The company says it uses bees at the heart of the food chain in order to provide people with sustainable consumer products that are 100% natural.

OkHi intends to on-board large banks and fintechs within the next six months as it ramps up its attempts to be a significant driver of financial inclusion across Africa.

The program supported 10 start-ups from six African countries, addressing challenges in healthcare, agriculture, AI, and industrial sectors.

As the summit came to a close on Wednesday, nine winners from over 40 pitching start-ups were named Africa's most noticeable tech start-ups.

The organisers say the event aims to connect capital to tech founders and is focused on being a deal flow platform rather than just an event.

Elisabeth Moreno believes Africans are capable of developing solutions that previously didn’t exist and can benefit not only the continent, but the entire world.

This year's Grand Summit will include more than 50 start-ups from 31 African countries, including regional champions from AfricArena's pre-summit events.