The Tony Elumelu Foundation (TEF), one of the leading philanthropies empowering young African entrepreneurs across all 54 African countries, has opened applications for its 2022 TEF Entrepreneurship Programme on www.TEFConnect.com
African entrepreneurs with business ideas or existing businesses under five years, are encouraged to apply now for $5000 seed capital, mentorship, business management training, among others in the 2022 entrepreneurship programme
It stated that, “since 2015, the TEF Entrepreneurship Programme – the only African-funded entrepreneurship catalyst of its kind – has empowered 15,847 African entrepreneurs with non-returnable seed capital of $5,000 each; 12 weeks of business management training; access to experienced mentors; and membership to Africa’s largest entrepreneurial ecosystem.
“In 2021, the Tony Elumelu Foundation disbursed $24.75 million to 5,000 African entrepreneurs across Africa for its 2021 Entrepreneurship Programme. The Foundation’s Entrepreneurship Programme remains one of the largest private sector responses to driving the economic recovery of African youth, women and SMEs given the effects of the covid19 pandemic across Africa.
“Across Africa, the Tony Elumelu Foundation Entrepreneurship Programme beneficiaries are starting and growing trailblazing businesses that have collectively created over 400,000 direct and indirect jobs.”
The TEF is empowering women and men across the African continent through entrepreneurship to catalyse economic growth, drive poverty eradication and ensure job creation.
The Foundation’s mission is rooted in the philosophy of Africapitalism, which positions the private sector as the key enabler of economic and social wealth creation in Africa. Through TEFConnect, the Foundation’s proprietary digital platform, it has provided capacity-building support, advisory and market linkages, to over 1.5 million Africans.
The Tony Elumelu Foundation Entrepreneurship Programme is open to entrepreneurs across Africa: new start-ups and existing young businesses, operating in any sector.