Tony Elumelu Foundation launches $100 million programme to empower African entrepreneurs 

 

Alliance magazine

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On 1 December the Tony Elumelu Foundation announced the launch of a $100 million pan-African entrepreneurship initiative – The Tony Elumelu Foundation Entrepreneurship Programme – a multi-year programme of training, funding and mentoring designed to empower the next generation of African entrepreneurs.

‘The opportunity and challenge in Africa is scale – in our people, our resources and our horizons. In my business and philanthropic journeys, I have always sought ways to help inspire a generation across our continent. This programme brings together my own entrepreneurial experience and my fundamental belief that entrepreneurs – women and men across Africa – will lead Africa’s development and transform our futures,’ said Tony Elumelu, founder of the Tony Elumelu Foundation.

Tony Elumelu

Tony Elumelu

The programme will identify and help grow an initial 10,000 start-ups and young businesses from across Africa over the next 10 years, targeting the creation of 1 million new jobs and $10 billion in annual revenues.

A selection committee of African business leaders will select the most promising 1,000 start-ups annually from across the continent. Successful applicants will participate in a comprehensive programme designed to equip them with the skills needed to build a successful business. The programme includes seed funding, a customized 12-week business skills training course, mentoring, an entrepreneurship ‘boot camp’, participation in the annual Elumelu Entrepreneurship Forum, membership of the Alumni Network and much more.

Click here to read the full press release>


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