Tag Archives: Africapitalism

  • The Tony Elumelu Foundation’s $500 million Coalition for African Entrepreneurs announced as US Vice President Kamala Harris Launches $1 Billion Global Initiatives on the Economic Empowerment of Women.

    March 29, 2023, Accra, Ghana – U.S. Vice President Harris arrived Accra on Monday to kick off a weeklong, three-nation African tour to announce the launches of global initiatives totaling over USD $1 billion, and call on the private sector, civil society, philanthropic, and government stakeholders to collaborate on promoting the adoption of digital tools …

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  • Strategic Partnerships for Economic Growth and Development in Africa: The Role of the Tony Elumelu Foundation

    Strategic partnerships are essential for economic growth and development in Africa. Collaboration among different entities, whether public or private, can lead to the creation of new ideas, technologies, and business opportunities that can spur growth and development on the continent. Strategic partnerships refer to collaborations among different entities, such as businesses, governments, non-governmental organizations (NGOs), …

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  • Investing in Agribusiness: Opportunities and Challenges for African Entrepreneurs

    Africa is a continent endowed with vast agricultural resources and potential, and the youth population constitutes a significant percentage of its demographic. The combination of these two factors presents a great opportunity for youth entrepreneurs to explore and innovate in the agribusiness industry. Agricultural entrepreneurship is an important sector in Africa that has the potential …

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  • Africapitalism and Africa’s sustainable development: The Tony Elumelu Foundation’s contribution to the SDGs

    The economic philosophy, Africapitalism emerged as a means of fostering economic development in Africa through private sector-led growth. Africapitalism positions the private sector, more importantly, entrepreneurship, innovation, and business enterprise, as the key economic driver of growth and job creation across Africa, while also promoting sustainable development. The Tony Elumelu Foundation (TEF) is the leading …

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    I remember back in 2012, when I won the Tony & Awele Elumelu Prize for best graduating MSC student of my set, at the Usman Dan Fodio University in Sokoto state, Nigeria. I was so excited to receive the N500,000 Naira cash, which contributed to the launch of my school – Brilliant Footsteps International Academy …

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  • Breaking Barriers: Overcoming Obstacles and Thriving as a Woman Entrepreneur in Africa

    Every day is a great day to celebrate the social, economic, cultural, and political achievements of women, but the International Women’s Day is an even better time to recognize their impact and reflect on the progress that still needs to be made. Women entrepreneurs are an essential component of economic development, particularly in Africa, where …

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  • Capacity Building = Continent Building

    Entrepreneurship is crucial to Africa’s economic growth and development. Research has it that, entrepreneurship could be the solution to the continent’s youth unemployment challenge, which is projected to reach 60% by 2030. Business education and training play a vital role in building the skills needed for successful youth entrepreneurship in Africa. The Tony Elumelu Foundation …

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  • Africa’s Passion for Fashion!

    Youth entrepreneurship in fashion in Africa is a rapidly growing industry, driven by the continent’s young and vibrant population, innovative fashion designs, and a growing demand for locally made products. African fashion is becoming increasingly popular worldwide, and young entrepreneurs are taking advantage of this trend by creating unique fashion brands and contributing to the …

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  • Africa! Let’s go Green!

    Climate change and global warming have become major concerns for leaders within the shores of the African continent, and beyond, thus forming a major part of the deliberations at the recently concluded UN Climate Change Conference (COP27) held in Egypt. Africa, despite its low contribution to greenhouse gas emissions, remains the most vulnerable continent to …

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  • Why you should have a mentor

    Youth entrepreneurship is increasingly being recognized as a critical solution to youth unemployment in Africa. However, starting a business as a young person can be a daunting and challenging task. Mentorship and networks play a crucial role in supporting and nurturing young entrepreneurs in Africa. In this thought piece, we will explore the importance of …

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