Equatorial Guinea saw very rapid economic growth following the discovery of hydrocarbons in the 1990s. However, since 2014, the protracted fall in global oil prices, combined with the decline in the country’s output, the large budgetary surpluses that financed important investment programs that continue today have been declining. GDP continued to shrink in 2016 and …
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Valerio is Driving Social Change and Equipping Job Creators in Equatorial Guinea
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Meet the Selected Entrepreneurs
More than 150,000 Africans from 114 countries worldwide applied to join the 4th cycle of The Tony Elumelu Foundation’s 10-year, $100 million TEF Entrepreneurship Programme. Today, the Foundation announced the African entrepreneurs with the most innovative, high-potential business ideas. Meet all the Tony Elumelu Entrepreneurs here Submit Cancel Thanks for your feedback!
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From Gambia to Nigeria, Mbadibba and Chuma Share Their Experiences on Providing Solutions to the Agriculture Value Chain
With more than 60% of its 1.166 billion people living in rural areas, Africa’s economy is inherently dependent on agriculture. More than 32% of the continent’s gross domestic product comes from the sector. However, This is reflective of the applications received to date by the Tony Elumelu Foundation, with over 30% of total applications received …
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Lawrence Hoba and EnraPower are the Solution to Zimbabwe’s Power Problems.
Zimbabwe requires about 1 600 megawatts (MW) of electricity daily, but the country’s electricity body, ZESA’s five power stations at Hwange, Kariba, Harare, Munyati and Bulawayo generate less than 1 000MW. As a result, serious operational constraints have been evident. Harare Power Station has been producing 25 MW of electricity a day on average, while …
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Upcoming Entrepreneurship Events February 26th-4th, March
The Africa Business Club at Harvard Business School will be hosting the Africa Business Conference New Venture Competition on March 2, 2018 in Boston, MA. Applications open online on November 20th and close December 15th, 2017. The 20th Africa Business Conference will be held in Boston, MA from March 2nd to March 3rd, 2018 under …
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Inspiring a New Generation of Farmers in Somalia, Jama of Hadi Farms Shares His Story.
Majority of the people of Somalia are pastoral nomads. Camels (the traditional currency of prestige and wealth), sheep, goats and some cattle are raised in large numbers across the plains and range lands of Somaliland provide both daily subsistence and the economic backbone of the country. With an estimated 60 per cent of the population …
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TEF Prize winner Francis Ayomoh is Leading an Agenda for Universal Health Coverage for All
Building the next generation of Africa’s leaders is both an organisational mission for the Foundation and a personal conviction of Founder, Tony Elumelu. One way we have been able to fulfil this ambition is through mentoring and the promotion of academic excellence and entrepreneurship, via the Tony and Awele Elumelu Prize. The Elumelu Prize was …
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Royal Academy of Engineering Recognizes Businesses led by TEF entrepreneurs
Nigerian TEF Alumni, Ifediora Ugochukwu and Emeka Nwachinemere from the set of 2015 have been shortlisted for the Royal Academy of Engineering Africa Prize for Engineering Innovation. The shortlist recognises the most talented engineers from across sub-Saharan Africa, including innovators working to make malaria and reproductive health tests easier, using dolphin-inspired echo-location for visually impaired …
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