VENTURES AFRICA – Heirs Holdings Chairman and founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, says his foundation will increase the number of annual grants made available to start-ups who develop local content applications, which solve Africa’s challenges, from 20 to 50. Submit Cancel Thanks for your feedback!

In another big move, one of Africa’s most influential entrepreneurs, Tony O. Elumelu (CON) has announced a 5-year endowment (support package) of The Future Africa Awards prizes. Recognized by the World Bank last year as ‘The Nobel Prize for Young Africans‘, The Future Awards Africa, which is in its 8th season, is presented in partnership …

Small and medium sized enterprises (SMEs) are essential to growing African employment and GDP. In high-income countries, SMEs represent a high share of economic activity, a large share of employment, and bring informal business activity into the formal economy. Yet, a severe lack of financing is limiting the ability of African SMEs to grow and …

Aid for business in Africa – In this article, which appeared in the Christian Science Monitor, Tony O. Elumelu asserts that the traditional approach to solving Africa’s problems through aid has created a cycle of dependency. A better approach, he says, is to use donor subsidies to fund private, for-profit ventures. Submit Cancel Thanks for …