By Abiola Olawale
The Tony Elumelu Foundation (TEF), a leading philanthropic organization that endeavours to empower African entrepreneurs, is set to announce the beneficiaries of its flagship Entrepreneurship Programme for the 10th consecutive year.
The foundation in a statement made available to the New Diplomat said it will announce the beneficiaries, over 1200 African entrepreneurs, on March 22, 2024.
According to the statement, the new beneficiaries were drawn from 54 distinct African countries and will be inducted into the 10th cohort of the TEF Entrepreneurship Programme.
The statement reads, “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’s economic empowerment.”
