Across the continent, young Africans are embracing a new narrative, one centred on financial literacy, digital innovation, and purpose-driven work. They are increasingly turning to digital platforms, fintech, and even cryptocurrencies to manage money, save, and invest. Entrepreneurship, for many, is no longer a fallback; it is a first choice, a deliberate path to building …
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Lifestyle Entrepreneurship: How African Millennials and Gen Z Are Redefining Socio-Economic Success
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Africa and Tech Innovation on the Global Stage
We know technology is transforming our world – we know that the transformation is getting ever faster. Where is Africa? In the conversation or left outside? Young Africans are digitally native, entrepreneurial, and hungry to build. What we need are more opportunities for partnership, more belief in our potential, and platforms to amplify our voices. …
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Maliki Sankaré: Transforming Mali’s Agricultural Landscape with TEF Support
In celebration of Mali’s Independence Day, the Tony Elumelu Foundation proudly spotlights Maliki Hamadoun Sankaré, a young Malian entrepreneur and founder of Socco-Agro-Business, a company specialising in the production and commercialisation of rice and vegetables. Established in 2020, Socco-Agro-Business spans 24 hectares of agricultural land, driving change in Mali’s agricultural sector by creating jobs and …
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Empowering Africa’s Economic Growth: The Role of MSMEs
What about MSMEs in Africa? In recent years, Small and Medium Enterprises (SMEs) have emerged as key drivers of economic development in Africa. As the continent undergoes rapid transformation, these enterprises play a crucial role in fostering innovation, creating employment opportunities, and contributing to overall economic growth. In this article, we delve into the significance …
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Breaking Barriers: Overcoming Obstacles and Thriving as a Woman Entrepreneur in Africa
Every day is a great day to celebrate the social, economic, cultural, and political achievements of women, but the International Women’s Day is an even better time to recognize their impact and reflect on the progress that still needs to be made. Women entrepreneurs are an essential component of economic development, particularly in Africa, where …
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Capacity Building = Continent Building
Entrepreneurship is crucial to Africa’s economic growth and development. Research has it that, entrepreneurship could be the solution to the continent’s youth unemployment challenge, which is projected to reach 60% by 2030. Business education and training play a vital role in building the skills needed for successful youth entrepreneurship in Africa. The Tony Elumelu Foundation …
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Africa’s Passion for Fashion!
Youth entrepreneurship in fashion in Africa is a rapidly growing industry, driven by the continent’s young and vibrant population, innovative fashion designs, and a growing demand for locally made products. African fashion is becoming increasingly popular worldwide, and young entrepreneurs are taking advantage of this trend by creating unique fashion brands and contributing to the …
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Africa! Let’s go Green!
Climate change and global warming have become major concerns for leaders within the shores of the African continent, and beyond, thus forming a major part of the deliberations at the recently concluded UN Climate Change Conference (COP27) held in Egypt. Africa, despite its low contribution to greenhouse gas emissions, remains the most vulnerable continent to …
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Why you should have a mentor
Youth entrepreneurship is increasingly being recognized as a critical solution to youth unemployment in Africa. However, starting a business as a young person can be a daunting and challenging task. Mentorship and networks play a crucial role in supporting and nurturing young entrepreneurs in Africa. In this thought piece, we will explore the importance of …
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Youth Entrepreneurship: The backbone of the African continent
Africa is a continent with a rapidly growing population and a large number of young people. Research has it that by 2050, Africa’s population is projected to reach 2.5 billion, with more than half of the population under the age of 25. This presents a huge opportunity for the continent, but also a significant challenge …
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