The Tony Elumelu Foundation (TEF),
leading philanthropy and foremost champion of entrepreneurship in Africa, has pulled over 2.4 million young Africans from poverty since its launch in 2010.
TEF, has empowered young entrepreneurs with access to business management training on its proprietary digital hub, TEFConnect.
The Foundation has also disbursed over US$100 million in seed capital to more than 24,000 selected entrepreneurs on the TEF Entrepreneurship Programme.
The Foundation’s mission is rooted in Africapitalism, which positions the private sector, and most importantly, entrepreneurs, as the catalyst for the social and economic development of the African continent.
Collectively, these entrepreneurs have
generated $4.2 billion in revenue and created more than 1.5 million direct and indirect jobs.
Apart from empowering the young Africans entrepreneurs, the TEF has
positively impacted more than 4 million African households, with 46%
of supported entrepreneurs being African
women.
The Tony Elumelu Foundation’s mission is
rooted in Africapitalism, which positions the private sector and, most importantly, entrepreneurs as the catalyst for the social and economic development of the African
continent.
TEF’s ability to fund, train, mentor, and network young African entrepreneurs has created a unique platform for catalysing growth across the African continent.
The robust ability of the Foundation to reach entrepreneurs across geographies and sectors has enabled it to conduct innovative partnerships with the European Union (EU), United Nations Development Programme (UNDP), the International Committee of the Red Cross (ICRC), the United States Government via the United States African Development Foundation (USADF), The Organisation of African, Caribbean and Pacific States (OACPS), The French Development Agency (AFD), The German Development Finance Institution (DEG), The German Agency for International Cooperation (GIZ), The
African Development Bank (AfDB), Google,
UNICEF Generation Unlimited (GenU), IKEA
Foundation, the UAE Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation (an affiliate of Erth Zayed), and others, with bespoke programmes including targeting female empowerment and growth
in fragile states.
