Nigerian payment card manufacturers SecureID won US$100,000 at the recently concluded Africa Award for Entrepreneurship 2012, becoming the only tech firm to emerge top a category in the competition.
SecureID was pooled in the Outstanding Mature Business Award alongside Food Concepts and RLG Communications. The qualification for this category was that businesses should have a revenue base of US$5 million to US$50 million yearly.
SecureID is a company that manufactures smart cards and payment cards for companies and businesses. It is the leading Europay, MasterCard and Visa certified card plant in West Africa. There are only six such card plants in the continent.
The six year old company manufactures around three million cards per month and their capacity can easily be scalable to five million cards per month.
“Empowered with technical partners that enable them to provide cutting edge technological solutions for different sectors, SecureID has won the confidence of several institutions within the Nigerian banking sector, the state and federal government,” their biography on the AAE site says.
The Africa Award for Entrepreneurship is a challenge organised to celebrate and award great businesses across the continent. Since it began in 2007, the awards have attracted over 7,000 applications and have awarded over US$1.4 million to 25 winning companies.
Last year’s technology winners in different categories included Senegalese firm Cellular Systems International, which concentrates on telecommunications, Expand Technology, which also manufactures smart card solutions in Mauritius, and Gambian technology company Unique Solutions.