The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, will announce 1,200
African entrepreneurs across 54 African countries as beneficiaries of its flagship
Entrepreneurship Programme. The announcement will be made on March 22,
2024. The new beneficiaries will become the 10th cohort of the 10-year-long TEF
Entrepreneurship Programme.
The Tony Elumelu Foundation has consistently demonstrated its belief in the
potential of young Africans to transform the African continent. This conviction has
led to its transformative impact – thousands of young men and women
entrepreneurs across all 54 African countries have been empowered through its
flagship Entrepreneurship Programme. The beneficiaries have received world-
class business training, mentorship, coaching, and funding, in addition to lifelong
access to the prestigious TEF Alumni Network.
To date, the Foundation has disbursed US$100,000,000 directly into the hands of
young African entrepreneurs, who have, in turn, created over 400,000 direct and
indirect jobs, contributing significantly to Africa's economic growth and
development. The Foundation has also provided capacity building support,
advisory services, and market linkages to over 1.5 million Africans through its
digital entrepreneurship-support platform, TEFConnect.
The upcoming announcement reaffirms the Tony Elumelu Foundation's
commitment to supporting entrepreneurship as a catalyst for driving poverty
eradication, catalysing job creation across all 54 African countries, and
increasing women economic empowerment.
About the Tony Elumelu Foundation:
The Tony Elumelu Foundation is the leading philanthropy empowering a new
generation of African entrepreneurs, driving poverty eradication, catalysing job
creation across all 54 African countries, and increasing women economic
empowerment. Since the launch of the TEF Entrepreneurship Programme in
2015, the Foundation has trained over 1.5 million young Africans on its digital
hub, TEFConnect, and disbursed over USD$100 million in direct funding to
20,000 young African women and men, who have collectively created over
400,000 direct and indirect jobs. The Foundation’s mission is rooted in
Africapitalism, which positions the private sector, and most importantly
entrepreneurs, as the catalyst for the social and economic development of the
African continent.