The $100million Entrepreneurship Programme was launched in 2015 to empower 10,000 entrepreneurs over 10 years.
Now in its 7th year, the programme has supported over 9,000 young African entrepreneurs from 54 African countries.
This year’s package includes $5000 funding, mentoring and training for each selected business, prioritizes the economic recovery of young African entrepreneurs following the severe impacts of the Covid-19 pandemic.
The programme will support over 3,500 young African entrepreneurs to address the unique challenges arising from the pandemic by creating sustainable employment across the continent
“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,” said Ifeyinwa Ugochukwu, the Chief Executive Officer of TEF.
“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.”
Prospective applicants should apply on the digital networking hub for African entrepreneurs, www.tefconnect.com
The Tony Elumelu Foundation celebrated ten years of impact in 2020.
It 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.