• • US$5,000 non-refundable seed capital, world-class training, and mentorship for Africa’s boldest founders
  • 24,000+ entrepreneurs funded, 2.5 million trained, 1.5 million jobs created, US$4.2 billion in revenue generated since 2015

Lagos, Nigeria – 1 January 2026 – The Tony Elumelu Foundation (TEF) has opened applications for the 2026 TEF Entrepreneurship Programme, calling ambitious young founders from all 54 African countries to apply now on TEFConnect.

Successful applicants receive US$5,000 in non-refundable seed capital, intensive business training, mentorship, and direct access to Africa’s largest entrepreneurship network.

Since 2015, the Programme has funded over 24,000 entrepreneurs, trained 2.5 million Africans, created more than 1.5 million jobs, and generated over US$4.2 billion in revenue, proving that African entrepreneurs can transform the continent.

The Programme is also driving inclusive growth, with women now making up 46% of TEF entrepreneurs – the highest female participation rate recorded by a programme of this scale.

Speaking on the 2026 launch, TEF Founder and Heirs Holdings Group Chairman, Tony O. Elumelu, CFR, said:

“Africa’s greatest asset is our people. Africa does not need aid; Africa needs investment, in infrastructure, in institutions, but most critically in our young.

Through the Tony Elumelu Foundation, we show that when entrepreneurs are empowered, they create jobs, drive growth, and transform communities.

Entrepreneurs are the future of Africa.”

Applications for the 2026 TEF Entrepreneurship Programme are open from 1 January to 1 March 2026 on www.TEFConnect.com.

TEF Impact

Click here for country-level data on young entrepreneurs supported through TEF’s funding, training, and mentorship in each African country. To explore TEF’s transformative impact across the continent, visit the Foundation’s Impact Page and Annual Reports. To hear directly from the entrepreneurs themselves, visit the TEF Success Stories page.

About The Tony Elumelu Foundation

The Tony Elumelu Foundation (TEF) is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation, and advancing inclusive economic growth across all 54 African countries. TEF’s work is rooted in Africapitalism; the belief that Africa’s private sector is the most effective engine for long-term development.

The robust ability of TEF to reach entrepreneurs across geographies and sectors has enabled it to conduct innovative partnerships with the European Union (EU), United Nations Development Programme (UNDP), the International Committee of the Red Cross (ICRC), the US Government via the United States African Development Foundation (USADF), the Organisation of African, Caribbean and Pacific States (OACPS), the French Development Agency (AFD), the German Development Finance Institution (DEG), the German Agency for International Cooperation (GIZ), the African Development Bank (AfDB), Google, the United Nations Children’s Fund (UNICEF) Generation Unlimited (GenU), and the Khalifa Bin Zayed Al Nahyan Foundation (KBZF).

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The application portal for BeGreen Africa is now open on TEFConnect, the Tony Elumelu Foundation’s digital platform, to all waste management start-ups in Kenya, and green start-ups in Morocco, Nigeria, Senegal and South Africa.

BeGreen Africa is a green entrepreneurship pilot programme co-created by The Tony Elumelu Foundation, UNICEF Generation Unlimited (GenU), IKEA Foundation, and young green entrepreneurs.

The key objective of this mission-aligned partnership is to create a holistic, sustainable, and youth-led green entrepreneurship initiative in the waste sector [in Kenya], and the green sector [in Nigeria, Morocco, Senegal and South Africa], to advance marginalized youth’s social and economic prosperity, while addressing the triple planetary crisis by reducing inequalities, and creating sustainable livelihoods for themselves and their peers.

The founding partners of BeGreen Africa will leverage their collective expertise, close relations with government, the private sector and youth networks, and extensive field presence across Africa and in Kenya to: a) develop a green-focused curricula that addresses the gaps and capacity needs of the identified target youth, b) engage expert trainers to deliver the trainings via www.TEFConnect.com, c) facilitate mentor and alumni network connections, and d) provide seed capital funding that will empower the identified entrepreneurs to kickstart, develop, and scale their green businesses.

In this pilot, #BeGreenAfrica aims to train 1,000 Kenyan youth in the waste management sector, and economically empower 120 of them, as well as empower 25 green sector entrepreneurs in Morocco, Nigeria, Senegal, and South Africa, all under the age of 35, with new or existing green businesses. The initiative will build evidence around youth entrepreneurship in high-impact green sectors, exploring how young entrepreneurs can contribute to circular economies and a sustained green revolution in Africa.

The multilingual Application Portal is open on www.TEFConnect.com from August 10 till August 31, 2023.

About the Tony Elumelu Foundation:

The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries, and increasing women economic empowerment. Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has provided over 1.5 million young Africans with access to training on its digital hub, TEFConnect, and disbursed nearly USD$100 million in direct funding to 18,000 African women and men, who have collectively created over 400,000 direct and indirect jobs. The Foundation’s mission is rooted in Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent.

About UNICEF GEN-U:

Launched by the UN Secretary-General at the 2018 UN General Assembly, and anchored in UNICEF, Generation Unlimited is a leading global Public-Private-Youth Partnership, bringing together global organizations and leaders including Heads of State, CEOs, Heads of UN agencies, and civil society champions with young people to co-create and deliver innovative solutions on a global scale.

Generation Unlimited is on a mission to skill the world’s 1.8 billion young people and connect them to opportunities for employment, entrepreneurship, and social impact.

About IKEA Foundation:

The IKEA Foundation is a strategic philanthropy that focuses its grant making efforts on tackling the two biggest threats to children’s futures: poverty and climate change. It currently grants more than €200 million per year to help improve family incomes and quality of life while protecting the planet from climate change. Since 2009, the IKEA Foundation has granted more than €1.8 billion to create a better future for children and their families.

In 2021 the Board of the IKEA Foundation decided to make an additional €1 billion available over the next five years to accelerate the reduction of Greenhouse Gas emissions. In 2023, IKEA Foundation has already provided more than € 31 Million in emergency funding.

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The Tony Elumelu Foundation is calling for consultants to provide third-party Monitoring, Business Assessment, and Programme Impact Evaluation for the Tony Elumelu Foundation Entrepreneurs programme.

The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs that is driving poverty eradication, catalyzing job creation, and ensuring women’s economic inclusion in all 54 African countries.

Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed nearly USD$100 million in direct funding to 18,000 African women and men, who have collectively created over 400,000 direct and indirect jobs. The Foundation’s mission is rooted in Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent.

The impact of the Tony Elumelu Foundation has been very visible and has led to the creation of trailblazing beneficiaries with remarkably interesting success stories. However, as these numbers continue to rise, it has become increasingly important to move beyond remote monitoring to explore more robust monitoring systems that combine our remote monitoring effort and an on-the-ground extensive third-party monitoring network. Third-party monitoring would allow for real-time follow-up of entrepreneurs from seed granting through fund utilization to growth. Critical to data quality is also the objectivity of feedback from independent monitors to ensure constant learning and improved programme quality.

Terms of reference can be found here.

All interested consultants can apply here. 

Submissions close two weeks from the time of this published RFP (August 21).

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