To address the unique challenges arising from the pandemic, lift people out of poverty and create sustainable employment across the continent, the Tony Elumelu Foundation Entrepreneurship Programme is set to empower over 3,500 young African entrepreneurs in collaboration with global partners.
The foundation, which celebrated 10 years of impact in 2020, is empowering a new generation of African entrepreneurs through the TEF Entrepreneurship Programme which application has been disclosed to close on March 31.
From the programme, successful applicants are to receive world-class business training, mentorship, non-refundable seed capital up to $5,000, and global networking opportunities.
Speaking on the initiative open to entrepreneurs across Africa, both new start-ups and existing young businesses operating in any sector, the Director of Partnerships & Communications at the foundation, Somachi Chris-Asoluka said, “Africa’s growing, and active youth population must take advantage of this opportunity and apply for the programme before March 31, as their full participation will create a pathway to economic prosperity.
“This year, we have the capacity to empower more African entrepreneurs than ever,” further ensuring that they have adequate training, funding and mentorship to boost their performance.
“It is time for young African entrepreneurs to embrace this much-needed support system to enable thriving and sustainable economic activity. We believe we will continue to see an exponential change in sectors across the continent.”
The Tony Elumelu Foundation’s $100 million Entrepreneurship Programme, launched in 2015 to empower 10,000 entrepreneurs over 10 years, is now entering its seventh year and has empowered to date, over 9,000 young African entrepreneurs from 54 African countries.
Prospective applicants have been urged to apply on the digital networking hub for African entrepreneurs, www.TEFConnect.com.
