We are the leading philanthropic Institution in Africa championing entrepreneurship

The Tony Elumelu Foundation (TEF) was founded in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor and philanthropist who is passionate about Africa’s economic development.

The Tony Elumelu Foundation (TEF) is the leading philanthropy in Africa focused on empowering African entrepreneurs. The Foundation was founded in 2010 by Tony O. Elumelu, CON, an entrepreneur, investor and philanthropist who is passionate about Africa’s economic development.

Our long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s 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.

The Tony Elumelu Foundation Entrepreneurship Programme is the $100million commitment by the Elumelu family to empower 10,000 African entrepreneurs over a 10-year period. The goal is to create at least 1million jobs and contribute over $10billion in revenue to the African economy. Through its flagship Entrepreneurship Programme, the Foundation empowers African entrepreneurs and the entrepreneurship ecosystem across 54 African countries.  The Foundation has empowered 7,531 entrepreneurs thus far.

The Programme is built on a 7-pillar model, a unique holistic system of effective and intensive support to the African entrepreneurs, consisting of startup enterprise toolkit, online mentoring, online resource library, meet-ups, TEF Entrepreneurship Forum, seed capital and alumni network.

In 2018, the Foundation launched TEFConnect, Africa’s digital entrepreneurship hub last year to connect the entrepreneurship ecosystem and facilitate businesses beyond physical borders. The platform currently hosts 800,000 users.

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.​

TONY O. ELUMELU, C.O.N
MISSION & VISION

THE TONY ELUMELU FOUNDATION BELIEVES THAT THE PRIVATE SECTOR HOLDS THE KEY TO UNLOCKING AFRICA’S ECONOMIC POTENTIAL.​​

2010
TEF is FOUNDED
2011
Launch of the Elumelu Professionals Programme, an internship Programme for MBA students and graduates.
2011
Launch of the Tony & Awele Elumelu Prize, a programme focused on promoting academic excellence and entrepreneurship
2012
Provided seed funding for 20 tech businesses through CC Hub
2014
Launched the TEF Entrepreneurship Programme, a $100 million commitment, to identify and empower 10,000 African entrepreneurs, create a million jobs, and add $10 billion in revenues to Africa’s economy over 10 years
2015
Released Unleashing African Entrepreneurs: Improving the Enabling Environment for Start-ups
2018
Partnered with like-minded organizations to fund 460 additional entrepreneurs

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.

TONY O. ELUMELU, C.O.N
MISSION & VISION

The Tony Elumelu Foundation believes that the private sector holds the key to unlocking Africa’s economic potential.

Our Values

Execution
A burning desire to always see things through to completion in a timely, efficient and effective manner. We believe in hard work and seeing through ideas from conception all through to achieving excellent results.
Enterprise
Having the willingness and determination to do whatever it takes to get the job done. In a competitive business environment, what sets us apart is our individual and collective responsibility to take ownership of our deliverables and lead innovative initiatives.
Excellence
Delivering in an outstanding manner, consistently. Excellence is a mantra embedded in the heart of every employee. We go several steps beyond the norm to deliver measurable value to our stakeholders.
2010
TEF is Founded
2011
Launch of the Elumelu Professionals Programme, an internship Programme for MBA students and graduates.
2011
Launch of the Tony & Awele Elumelu Prize, a programme focused on promoting academic excellence and entrepreneurship
2012
Provided seed funding for 20 tech businesses through CC Hub.
2014
Launched the TEF Entrepreneurship Programme, a $100 million commitment, to identify and empower 10,000 African entrepreneurs, create a million jobs, and add $10 billion in revenues to Africa’s economy over 10 years
2015
Released Unleashing African Entrepreneurs: Improving the Enabling Environment for Start-ups
2016
Partnered with like-minded organizations to fund 460 additional entrepreneurs

OUR LEADERSHIP TEAM

Tony O. Elumelu, CON

founder

Dr. A.V Elumelu

TEF TRUSTEE

Ifeyinwa Ugochukwu

CEO

Alex Trotter

TEF TRUSTEE

Jamie Cooper Hohn

ADVISORY BOARD MEMBER

Bruno Wenn

ADVISORY BOARD MEMBER

Lionel ZinsoU

ADVISORY BOARD MEMBER

Parminder Vir, OBE

Advisory Board Member

Rabbi Avraham Berkowitz

ADVISORY BOARD MEMBER

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