Five Ugandan innovators qualified for the final leg of a competition sponsored by Jack Ma Foundation, a non-profit founded by China's richest man Jack Ma, the founder of Alibaba, the eCommerce giant.
Emmanuel Emodek is the founder of ChapChap Africa Limited, a payments company; Robert Kintu started Fit Insights Limited, a business consultancy company; Peter Kakoma runs Kanzu Code Limited, a software development company.
The others are Daniel Mukisa and Ronald Hakiza, the founders of RideLink and Ugabus Inc respectively. Both are digital transport service companies.
They will be competing with other 45 'Africa Business Heroes' to share a cash prize of 1.5 million, or about Shs5.3 billion.
The competition, which is running for the third time now, eyes rewarding 100 African entrepreneurs by providing grant funding over a period of 10 years.
These entrepreneurs are also trained to help them grow their businesses.
The Business Heroes were picked from 16 African countries from over 12000 entries.
The final 10 winners will be announced in August at a yet to be revealed date.
The prestigious competition is overseen by a board of directors that includes Jack Ma himself, Grace Machel, chair of the Graca Machel Trust Board and Ban Ki-moon, the eighth secretary-general of the United Nations.