David Mustapha believes technology can reduce the uncertainty that comes with online shopping. Despite photos, descriptions, and reviews, customers often struggle to accurately visualise products, leading to disappointment, returns, and lost trust for businesses. As the Founder of XRNET, a Nigerian software company, he is using artificial intelligence, augmented reality (AR), virtual reality (VR), and …
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David Mustapha: 5 Ways AI Is Transforming E-Commerce In Nigeria
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Africa-First: How the Tony Elumelu Foundation Is Redefining Venture Pipelines
Africa-first: Global corporations are under growing pressure to diversify supply chains and deliver measurable social impact. Meanwhile, African entrepreneurs are producing solutions that are bold, market-ready, and deeply attuned to local realities. The problem is not innovation; it is access. Corporate procurement systems are often built for legacy suppliers, leaving new and agile ventures shut …
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Tony Elumelu Foundation Announces 100 Rwandan Entrepreneurs for Aguka Ideation Programme
The Tony Elumelu Foundation, in partnership with the United Nations Development Programme (UNDP), the Ministry of Youth and Arts of Rwanda, and the European Union, has welcomed the fourth cohort of the Aguka Ideation Programme, celebrating the selection of 100 young Rwandan entrepreneurs who are set to transform bold ideas into thriving businesses. As the …
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$4.2 Billion in Revenue. 1.5 Million Jobs. Why The Tony Elumelu Foundation’s Bet on African Entrepreneurs Is Paying Off
As Africa marks MSME Day, The Tony Elumelu Foundation CEO Somachi Chris-Asoluka’s message offers a timely reminder that the continent’s future will not be built by aid or government alone, but by entrepreneurs creating value, solving problems, and generating prosperity from the ground up. What is Africa’s greatest economic asset? For decades, the answers have been familiar. Oil. Gas. …
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مؤسسة توني إلوميلو تفتح باب التقديم لبرنامج ريادة الأعمال لعام 2026
أبرز مؤسسة خيرية لريادة الأعمال في أفريقيا تُحفّز الجيل القادم من روّاد الأعمال الأفارقة رأس مال تأسيسي غير قابل للاسترداد بقيمة 5,000 دولار أمريكي، وتدريب عالمي المستوى، وإرشاد لأجرأ المؤسسين في أفريقيا أكثر من 24,000 رائد أعمال ممولين، و2.5 مليون شخص تم تدريبهم، و1.5 مليون وظيفة تم خلقها، وإيرادات بلغت 4.2 مليار دولار أمريكي منذ …
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La Fondation Tony Elumelu ouvre son Programme d’Entrepreneuriat 2026
La principale philanthropie entrepreneuriale d’Afrique catalyse la prochaine génération d’entrepreneurs africains Capital d’amorçage non remboursable de 5 000 USD, formation de classe mondiale et mentorat pour les fondateurs les plus audacieux d’Afrique Plus de 24 000 entrepreneurs financés, 2,5 millions formés, 1,5 million d’emplois créés, 4,2 milliards de dollars de revenus générés depuis 2015 Lagos, Nigeria …
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Fundação Tony Elumelu Inaugura Programa de Empreendedorismo 2026
A Filantropia Líder em Empreendedorismo da África Catalisa a Próxima Geração de Empreendedores Africanos Capital inicial não reembolsável de US$ 5.000, capacitação de classe mundial e mentoria para os fundadores mais ousados da África 24.000+ empreendedores financiados, 2,5 milhões capacitados, 1,5 milhão de empregos criados, US$4,2 bilhões em receita gerada desde 2015 Lagos, Nigéria – …
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Our Founder, Tony O. Elumelu CFR’s Full Remarks on CNN’s Global Perspective on Africa in London
In November 2025, Tony O. Elumelu, CFR, Founder of The Tony Elumelu Foundation, joined Lady Lynn Forester de Rothschild, Founder and CEO of the Council for Inclusive Capitalism, for a powerful dialogue moderated by CNN’s Eleni Giokos, on Africapitalism and the new era of inclusive finance, at CNN’s Global Perspectives on Africa in London. …
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From Philanthropy to Markets: How the Tony Elumelu Foundation Is Building Africa’s Investible Future
Africa’s entrepreneurial story has too often been told through the lens of scarcity: scarce capital, scarce jobs, scarce opportunities. Yet on the ground, a different narrative is unfolding. The Tony Elumelu Foundation (TEF) is showing how targeted philanthropy can seed markets, de-risk ventures, and create pipelines of businesses ready for private investment. As global interest …
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The Private Sector’s Playbook for Human Capital in Africa
Africa’s demographic dividend, its young, rapidly growing population, is often cited as its greatest asset, yet that potential frequently collides with the reality of slow labour absorption, skills gaps, and fragile employment systems. While traditional policy levers like building more schools and importing curricula have yielded limited results. The Tony Elumelu Foundation (TEF) employs an …
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