Apply for the Tony Elumelu Foundation Entrepreneurship Programme and secure $5000

The Tony Elumelu Foundation has opened applications for the 7th edition of the Tony Elumelu Foundation Entrepreneurship Programme where startups can secure funding of up to $5000 to prove their concepts, a 12-months intensive training, mentorship, and networking with other startups under the Foundation.

“This year’s program will focus on the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities” and its application window will run until the 31st of March,2021.

To apply for the program, follow this LINK to register.

READ: Register for the Zayed Sustainability Prize 2021 and win the $3 million reward

Tony Elumelu Foundation (TEF) and Program

Founded in 2010 by Tony Elemu a well-known African economist, entrepreneur, and philanthropist, The Tony Elemu Foundation was set out to empower women and men across the African continent, catalyzing economic growth, driving poverty eradication, and ensuring job creation with a belief that the private sectorโ€™s role is critical for Africaโ€™s development and that the private sector must create both social and economic wealth.

5 years later on, the Foundation kickstarted the TEF Entrepreneurship Programme, a $100 million commitment by Tony Elumelu to empower 10,000 African entrepreneurs over 10 years. Through its partners, the United Nations Development Programme, the African Development Bank, the International Committee of the Red Cross, GIZ, and United Bank for Africa Plc the foundation has created had a tremendous impact on the across the continent’s 54 countries through training and mentoring 9,038 young African entrepreneurs and offered support to 1,000,000 Africans through its Connect platform

Source: Website

READ: The UNICEF Fund challenge that comes with great opportunities for innovation.

READ: Apply now for the Uganda Tech Engineers Challenge 2020 that provides a unique opportunity…

About Tony Elumelu

Tony Elumelu founder of Tony Elumelu Foundation Entrepreneurship Programme
Tony Elumelu. Source: Forbes

Tony Onyemaechi Elumelu is a Nigerian national born on 22 March 1963. He is a well African economist, entrepreneur, and philanthropist and currently chairman of Heirs Holdings, the United Bank for Africa, Transcorp (publicly traded Nigerian conglomerate with interests in hospitality, agriculture, oil production, and power generation), and a founder of The Tony Elumelu Foundation.

According to Forbes, Tony Elemu has a net worth of $700 million and is the 31st Richest Person in Africa. Back in 2014, Elemu was Africa’s Richest person worth $1 billion net worth.

Tony came onto the entrepreneurship scene in 1997 after taking over a small Nigerian commercial bank that would, later on, become profitable and be merged with United Bank for Africa 2005. Elumelu also owns extensive real estate across Nigeria and a minority stake in mobile telecom firm MTN Nigeria, among other assets.

Elumelu holds the Nigerian national honors, the Commander of the Order of the Niger (CON), and Member of the Order of the Federal Republic (MFR) in 2003. He received Nigeria’s National Productivity Order of Merit in 2019. Elumelu was also included in Time magazine’s 100 Most Influential People of 2020.

Tony Elemu serves as an advisor to the USAID’s Private Capital Group for Africa (PCGA) Partners Forum. He sits on the Nigerian President’s Agricultural Transformation Implementation Council (ATIC). He is also vice-chairman of the National Competitiveness Council of Nigeria

Source: –Wikipedia and Forbes

READ:Brand new 5G conspiracy theories cause fires in S.Africa

READ: Airtel Uganda announces the new Airtel Money Mastercard

Stay on top - Get the daily news in your inbox