2020 Presidential Pitch winner, Theophilus Delali bags first place in the Circular Economy Competition


The Circular Economy Competition is a contest organized by the European Union and supported by the Ministry of Finance for business with concepts related to a circular economy.

Business models were supposed to reflect the circular economy and stay relevant, be in line with the Sustainable Development Goal(SDG) 12.

That is responsible for Consumption and production that will result in a reduction in waste and prevention of pollution and degradation of communities and the environment.

Theophilus Delali

Eligible mid-stage scale contestants were to give detailed financial accounts for the years in which the businesses operated whiles micro and conception stage applicants had to show pre-revenue or post-revenue business model innovations in connection with the circular economy in Ghana.

Contestants were also expected to show a good understanding of market dynamics including a marketing plan.

An agric business, Entofarms, established by Theophilus Delali took part in the competition through an online application.

Entofarms which is into the production of low-cost high-quality protein for small-scale livestock farmers emerged as the winner of the competition.

The price of Ghc 65,000 cedis was awarded to Delali and his teammate Victor who are both products of KNUST business school to expand Ento Farms.

Source: hypercitigh.com