Entrepreneurship has emerged as a powerful force driving economic growth, jobs creation, and social transformation in Africa. To effectively unleash our continent’s full potential, it is crucial to cultivate a culture of entrepreneurship, and create an enabling environment that can foster successful small and medium sized businesses. The Tony Elumelu Foundation recognizes the importance of …
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Tag Archives: TEF
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Cultivating a Culture of Entrepreneurship: Fostering an Enabling Environment in Africa
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The Role of the Tony Elumelu Foundation in Promoting Sustainable Business Practices for African Entrepreneurs
Africa has witnessed an increase in entrepreneurial activities in recent years, as more Africans are starting their own businesses to contribute to the continent’s economic growth. However, entrepreneurship is not just about starting a business, but also about running a sustainable business that can survive in the long term. The importance of sustainable business practices …
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COVID 19 on Youth Entrepreneurship in Africa: A Blessing in Disguise?
The lingering effect of the Covid-19 pandemic is still impacting businesses and economies around the world, including Africa. One of the demographic groups on our continent that has been particularly affected, are the youth. While the pandemic amplified the challenges our youth face, such as limited job opportunities, access to affordable education, and so on, …
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The Potential for Youth-led Innovation to Address Pressing Economic, Social and Environmental Challenges in Africa and the Role of the Tony Elumelu Foundation
Africa faces a range of pressing social, economic, and environmental challenges, from poverty and inequality to youth unemployment, climate change and environmental degradation. These challenges require innovative solutions, and young people in Africa are well-positioned to provide them. Youth-led innovation has the capacity to drive economic growth and development, create jobs, and improve the lives …
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TEF OPENS CALL FOR MENTORS
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs in all 54 countries across the continent, is calling on business and professional experts to join the global TEF Mentor Guild, for a chance to mentor Africa’s next generation of leaders through its flagship US$100M Entrepreneurship Programme. This call-to-action encourages all exceptional individuals who …
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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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ON A MISSION TO REVOLUTIONIZE EDUCATION, BREAK STEREOTYPES, AND BUILD FUTURES.
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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