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The Tony Elumelu Foundation (TEF) is calling on all aspiring African entrepreneurs seeking to turn their business dreams into reality to apply to the TEF Entrepreneurship Programme (TEF2024), for the opportunity to receive a non-returnable seed capital of $5,000.

Tony O. Elumelu, Founder, Tony Elumelu Foundation (TEF) and Dr. Awele Elumelu, TEF Trustee surrounded by Tony Elumelu Entrepreneurs. (PRNewsfoto/The Tony Elumelu Foundation)



Since its inception in 2010, the Tony Elumelu Foundation has been at the forefront of empowering African entrepreneurs, and since the launch of its flagship Entrepreneurship Programme, the Foundation has partnered with numerous organisations to support entrepreneurship across the continent. These partnerships include collaborations with the International Committee for the Red Cross (ICRC), the United Nations Development Programme (UNDP), Sémé City, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), and many others. Partnerships with regional and international organisations pave the way for collaboration and strategic networking, enhancing market access for entrepreneurs across Africa.

In 2021 alone, the Tony Elumelu Foundation disbursed an impressive $24.75 million to 5,000 African entrepreneurs, making it one of the largest private sector responses to the economic challenges faced by African youth, women, and SMEs in the wake of the COVID-19 pandemic. Notably, beneficiaries of the programme have collectively created over 400,000 direct and indirect jobs, contributing significantly to the economic recovery and development of the continent.