The Tony Elumelu Foundation (TEF) (www.TonyElumeluFoundation.org), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, will close applications for the Tony Elumelu Entrepreneurship Program on March 31 on its digital platform TEFConnect (www.TEFConnect.com). This year’s intervention prioritizes the economic recovery of small and medium-sized enterprises (SMEs) and young African entrepreneurs after the disruption of economic activities caused by Covid-19.
To meet the unique challenges of the pandemic, lift millions out of poverty and create sustainable jobs across the continent, the foundation’s entrepreneurship program will work with global partners to empower more than 3,500 young African entrepreneurs.
The Tony Elumelu Foundation, which celebrated its 10th anniversary in 2020, empowers a new generation of African entrepreneurs through the TEF Entrepreneurship program. Successful applicants receive world-class business education, mentoring, up to $ 5,000 in non-refundable seed capital, and global networking opportunities. The program is open to entrepreneurs across Africa, both start-ups and existing start-ups operating in any sector.
Somachi Chris-Asoluka, Director of Partnerships & Communications at the Tony Elumelu Foundation, said, “Africa’s growing and active youth population must take this opportunity to apply for the program before March 31, as their full participation will lead to a path to success economic prosperity. This year we can empower more African entrepreneurs than ever before and ensure they have the proper training, funding and mentoring to improve their performance. It is time for young African entrepreneurs to take advantage of this much-needed support system to enable thriving and sustainable economic activity. We believe that sectors across the continent will continue to change exponentially. “
The Tony Elumelu Foundation’s $ 100 million entrepreneurship program, launched in 2015 to empower 10,000 entrepreneurs over a 10-year period, is now entering its seventh year and has over 9,000 young African entrepreneurs to date 54 African countries empowered.
Potential applicants should apply to the Digital Networking Hub for African Entrepreneurs at www.TEFConnect.com.
Distributed by APO Group on behalf of the Tony Elumelu Foundation.
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