The Tony Elumelu Foundation (TEF), renowned for its commitment to empowering African entrepreneurs, is set to unveil 1,200 dynamic individuals from across 54 African nations as beneficiaries of its esteemed Entrepreneurship Programme. Scheduled for March 22, 2024, this announcement marks the initiation of the 10th cohort within the illustrious 10-year tenure of the TEF Entrepreneurship Programme.
With unwavering faith in the transformative potential of Africa’s youth, the Tony Elumelu Foundation has been a beacon of hope, empowering thousands of enterprising men and women throughout the continent. Through its flagship Entrepreneurship Programme, beneficiaries have received invaluable support, including top-notch business training, mentorship, coaching, and vital funding, coupled with lifelong access to the esteemed TEF Alumni Network.
Having disbursed an impressive sum of US$100 million directly into the hands of enterprising African youths, the Foundation’s impact speaks volumes. Over 400,000 direct and indirect jobs have been created, fueling Africa’s economic advancement and propelling its journey towards sustainable development. Additionally, the Foundation’s digital platform, TEFConnect, has provided capacity building, advisory services, and crucial market linkages to over 1.5 million Africans, further amplifying its reach and impact.
The forthcoming announcement underscores the Tony Elumelu Foundation’s steadfast dedication to fostering entrepreneurship as a catalyst for eradicating poverty, spurring job creation across the continent, and bolstering the economic empowerment of women.
About the Tony Elumelu Foundation:
At the forefront of philanthropic efforts, the Tony Elumelu Foundation is empowering a new generation of African entrepreneurs, igniting positive change across all 54 African nations. Since the inception of the TEF Entrepreneurship Programme in 2015, the Foundation has provided training to over 1.5 million young Africans through its digital hub, TEFConnect, and disbursed over USD$100 million in direct funding to 20,000 enterprising individuals. This collective effort has resulted in the creation of over 400,000 direct and indirect jobs, aligning with the Foundation’s mission rooted in Africapitalism. By championing the private sector and empowering entrepreneurs, the Tony Elumelu Foundation is driving the social and economic development of the African continent.
