Press Release

PRIORITIZE AFRICA’S YOUTH AND LEAPFROG TRADITIONAL DEVELOPMENT PATHS – TONY ELUMELU TO AFRICAN LEADERS AT WORLD BANK MEETINGS

19 APRIL 2018, WASHINGTON, DC – During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding their innovations would also help attract foreign investors. The Tony Elumelu Foundation Founder […]

TONY ELUMELU FOUNDATION SELECTS ENTREPRENEURS FOR 2018 PROGRAMME

TONY ELUMELU FOUNDATION SELECTS 1,000 ENTREPRENEURS FOR 2018 PROGRAMME- RED CROSS, UNDP & INDORAMA PARTNERSHIPS SUPPORT FURTHER 250 BENEFICIARIES – RECORD 151,692 REGISTRATIONS   Lagos, Nigeria, 22 March 2018 — More than 150,000 Africans from 114 countries worldwide applied to join the 4th ‎cycle of The Tony Elumelu Foundation’s (TEF) 10-year, $100 million TEF Entrepreneurship Programme. Today, the Foundation […]

RED CROSS AND TONY ELUMELU FOUNDATION PARTNER TO EMPOWER 200 ADDITIONAL ENTREPRENEURS IN NIGERIA’S NORTH EAST AND NIGER DELTA

  The Executive Governor of Kebbi State, Senator Abubakar Atiku Bagudu; Founder, The Tony Elumelu Foundation and Chairman, Heirs Holdings, Tony O. Elumelu; Deputy Regional Director for International Committee of the Red Cross (ICRC) Africa, Patrick Youssef; Head of ICRC delegation in Nigeria, Eloi Fillion during the historic Signing Ceremony of MoU between the Tony […]

TONY ELUMELU FOUNDATION ACCEPTING APPLICATIONS FOR 4TH CYCLE OF $100M ENTREPRENEURSHIP DEVELOPMENT PROGRAMME

APPLICATION DEADLINE: March 1, 2018 LAGOS, NIGERIA – Africa’s largest philanthropy supporting entrepreneurship – The Tony Elumelu Foundation (TEF) is now accepting applications for business ideas that can transform Africa.  To apply, complete the online application at application.tonyelumelufoundation.org.  The deadline is midnight (WAT) on 1 March 2018. The Programme provides critical tools for business success, including: Training:12 weeks of intensive […]

TONY ELUMELU FOUNDATION ANNOUNCES 4TH CYCLE OF 10-YEAR, $100M ENTREPRENEURSHIP PROGRAMME

LAGOS, NIGERIA – Today, Africa’s largest philanthropy supporting entrepreneurship – The Tony Elumelu Foundation (TEF) – announced that on January 1, 2018, it will begin accepting applications for the 4th cycle of its entrepreneurship programme, from outstanding African entrepreneurs who have start-up or business ideas with high growth potential. The application portal opens midnight WAT […]

TONY ELUMELU FOUNDATION AND UNITED NATIONS DEVELOPMENT PROGRAMME SIGN AGREEMENT AIMED AT SUPPORTING AFRICAN ENTREPRENEURS

Lagos, 14 October 2017 – “We have to give more attention and support to emerging African entrepreneurs, if the continent’s poverty, inequality and unemployment challenges are to be addressed,” said the Director of UNDP Africa Regional Programme and the Founder of The Tony Elumelu Foundation (TEF), in a joint statement issued today. The two organisations […]

TONY ELUMELU FOUNDATION & AGENCE FRANÇAISE DE DÉVELOPPEMENT COLLABORATE TO PROMOTE YOUTH ENTREPRENEURSHIP IN AFRICA

Lagos, 14 October 2017 – The Tony Elumelu Foundation (TEF) today signed a Memorandum of Understanding (MOU) with the Agence Française de Développement (AFD), the French bilateral development agency, to further promote youth entrepreneurship in Africa. The principal objective is to [implement/develop] a risk-sharing guarantee framework granted by the AFD to commercial banks for loans […]

TONY ELUMELU FOUNDATION (TEF) WRAPS UP 2017 TEF ENTREPRENEURSHIP FORUM – LARGEST GATHERING OF AFRICAN ENTREPRENEURS

3RD ANNUAL TEF ENTREPRENEURSHIP FORUM WAS HELD ON OCTOBER 13-14 IN LAGOS 1,300 AFRICAN SMEs, POLICYMAKERS, INCUBATORS FROM 54 COUNTRIES IN ATTENDANCE  Lagos, Nigeria, October 16, 2017 – The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos. The Forum hosted more than 1,300 […]

TEF ENTREPRENEURSHIP FORUM – DAY TWO HIGHLIGHTS

Africapitalism is a development model that prioritises our youth and creates hope for them; one that creates economic empowerment and hope for the future” – Tony O. Elumelu, CON. With these words, the 2017 TEF Entrepreneurship Forum officially came to an end on Saturday, October 14, 2017. If Day One was defined by the hopes […]