As an entrepreneur myself, I understand what it feels like to yearn for a lifeline, to hope for a ‘big break’, to look forward to enjoying some luck.
In 2010, we launched the Tony Elumelu Foundation to spur our continent’s development through entrepreneurship and competitiveness.
As an entrepreneur myself, I understand what it feels like to yearn for a lifeline, to hope for a ‘big break’, to look forward to enjoying some luck. As a matter of fact, part of my own success is owed to someone that believed in me, and was prepared to invest in my talents and take a bet on my future.
It is for this reason that I developed the economic philosophy of Africapitalism, which positions Africa’s private sector and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent. Based on this guiding philosophy, we have launched successful programmes and forged meaningful partnerships with stakeholders across the globe.
In 2015, I heralded the ‘Decade of the African Entrepreneur’ by committing $100 million, to the TEF Entrepreneurship Programme – the first of its kind and scale in Africa. Since then, our alumni – across all 54 African countries – have begun growing businesses and improving lives, contributing to our goal of empowering 10,000 entrepreneurs who will collectively create one million jobs and generate $10 billion in revenue.
We are committed to giving from the perspective of empowering the recipient, rather than making them dependent on us, because prosperity is assured only when ALL Africans are financially independent. My vision for the Foundation is to unlock the obstacles that Africa’s entrepreneurs face, so that they, rather than aid agencies or governments will spur the continent’s transformation.
At the end of our 10-year commitment, thousands of businesses will grow and flourish, driving sustainable prosperity across Africa. This is my vision. I invite you ALL to learn about what the Foundation does, what we hope to do and to discover what we can do together. In doing so, I am confident that we will achieve sustainable development in Africa.