The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform (www.tefconnect.com) today, January 1, 2021.
This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities.
To address the unique challenges arising from the pandemic, lift millions out of poverty and create sustainable employment across the continent, the Foundation’s Entrepreneurship Programme will empower 1,000 young African entrepreneurs, selected from the 2020 cohort. The Foundation will also open applications to an additional 2,400 young entrepreneurs in 2021, in collaboration with global partners.
The Tony Elumelu Foundation, which celebrated ten years of impact in 2020, is empowering a new generation of African entrepreneurs, through the TEF Entrepreneurship Programme. Successful applicants receive a world-class business training, mentorship, non-refundable seed capital up to $5,000, and global networking opportunities. The Programme is open to entrepreneurs across Africa, both new start-ups and existing young businesses, operating in any sector.
CEO of the Tony Elumelu Foundation, Ifeyinwa Ugochukwu stated, “The Tony Elumelu Foundation now more than ever is demonstrating our commitment to unleashing the potential of young African entrepreneurs, the key to Africa’s long-term economic transformation. The pandemic has created challenges across the continent, but we know that with the Tony Elumelu Foundation’s tried and tested Programme, we can execute the largest Covid-19 economic recovery plan for African SMEs and break the cycle of poverty in Africa.”
The Tony Elumelu Foundation’s $100million Entrepreneurship Programme, launched in 2015 to empower 10,000 entrepreneurs over 10 years, is now entering its 7th year and has empowered to date, over 9,000 young African entrepreneurs from 54 African countries.
Prospective applicants should apply on the digital networking hub for African entrepreneurs, www.tefconnect.com.
Latest Stories
-
Boeing strike ends as workers accept new contract
3 mins -
GAF will not relent in its quest to counter external threats – GOC Southern Command
6 mins -
Election 2024: Bawumia reiterates commitment to promote sustainable mining practices
8 mins -
Ensign Global College promotes health and community well-being at Ngmayem Festival 2024
10 mins -
Bobrisky reveals reason for leaving Nigeria
33 mins -
Tiwa Savage discloses ‘craziest thing I’ve ever done for love’
50 mins -
US states worried about election unrest take security precautions
1 hour -
Modi condemns violence after Canada temple incident
1 hour -
Barcelona hit by new flood as rescuers search Valencia basement car park
1 hour -
Labadi Beach Hotel pays over GH¢16m as dividend to SSNIT
2 hours -
Elon Musk can keep giving $1m to voters, judge rules
2 hours -
Election must not divide us, government will protect each citizen – Akufo Addo
2 hours -
Novel way to beat dengue: Deaf mosquitoes stop having sex
2 hours -
Trial begins over beheading of teacher who showed Prophet Muhammed cartoon
2 hours -
‘See you soon’ – Bobrisky jets out of Nigeria
3 hours