The Power of Entrepreneurship:

Entrepreneurship is a force that can unlock immense potential in Africa. With the continent’s youthful population (about 60%), fostering entrepreneurial endeavors amongst the youth has the potential to significantly create jobs, address pressing social issues, and ensure Africa’s economic development. However, the journey from a business idea to a thriving business is fraught with challenges, and entrepreneurs need the right tools and resources to navigate this complex terrain successfully.

The Need for Business Management Training:

While passion and creativity are essential for entrepreneurship, they must be complemented by strong business acumen, and this is where business management training becomes crucial. Entrepreneurs must understand financial management, marketing strategies, operations management, and other critical aspects of running a business. They need to develop competencies in problem-solving, leadership, and decision-making to overcome obstacles and seize opportunities effectively.

The TEF Entrepreneurship Programme Business Management Training on TEFConnect:

Through TEFConnect, the Tony Elumelu Foundation’s digital platform, African entrepreneurs can access a comprehensive Business Management Training that covers various aspects of entrepreneurship. This training is designed to empower young African entrepreneurs with the knowledge and tools needed to build and scale sustainable businesses.

The TEF Entrepreneurship Programme Business Management Training covers:

• Financial Management Modules: Entrepreneurs learn to develop budgets, manage cash flow, and make sound financial decisions. This financial literacy is fundamental for the long-term viability of their ventures.
• Marketing and Sales Modules: Understanding customer behavior, market trends, and effective sales strategies is vital for reaching target audiences and driving revenue growth.
• Operations and Efficiency Modules: Entrepreneurs discover how to optimize their operations for efficiency, quality, and scalability. Streamlining processes can lead to cost savings and improved productivity.
• Leadership and Team Management Modules: Leadership skills are honed, enabling entrepreneurs to inspire and lead their teams effectively, fostering a positive work environment, and achieving common goals.
• Problem-Solving and Decision-Making Modules: The training equips entrepreneurs with problem-solving techniques and decision-making frameworks that are essential for overcoming obstacles and making informed choices.

Impact and Success Stories:

The impact of The Tony Elumelu Foundation Entrepreneurship Programme Business Management Training is reflected in the success stories of numerous Tony Elumelu Entrepreneurs who have transformed their ideas into thriving businesses. These entrepreneurs credit their ability to navigate challenges and seize opportunities to the knowledge gained through the training. Their businesses are not only creating jobs but also contributing to their communities and countries’ economic development.

In line with the TEF Founder, Tony O. Elumelu’s economic philosophy of “Africapitalism”, the Foundation’s approach focuses on driving economic prosperity as well as social wealth, by ensuring that African entrepreneurs are not just successful business leaders but also responsible, impactful, and transformative forces within their communities and beyond. The future of Africa is in the hands of its youth, and by training, mentoring, and providing them with access to networks and opportunities, we are nurturing a generation of visionary entrepreneurs who will lead Africa to new heights of growth and development.

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منذ عام 2015 ، مكن برنامج ريادة الأعمال التابع للاتحاد الأفريقي – وهو المحفز الوحيد لريادة الأعمال الممول من أفريقيا-15847 من رواد الأعمال الأفارقة برأس مال أولي غير قابل للإرجاع قدره 5000 دولار لكل منهم ؛ اثني عشر أسبوعا من التدريب على إدارة الأعمال ؛ الوصول إلى الموجهين ذوي الخبرة ؛ والعضوية في أكبر نظام بيئي لريادة الأعمال في أفريقيا.

في عام 2021 ، صرفت مؤسسة توني إلوميلو 24.75 مليون دولار أمريكي إلى 5000 رائد أعمال أفريقي في جميع أنحاء إفريقيا لبرنامج ريادة الأعمال لعام 2021. لا يزال برنامج ريادة الأعمال التابع للمؤسسة أحد أكبر استجابات القطاع الخاص لدفع الانتعاش الاقتصادي للشباب والنساء والشركات الصغيرة والمتوسطة الأفريقية نظرا لآثار جائحة كوفيد-19 في جميع أنحاء أفريقيا.  في جميع أنحاء أفريقيا ، بدأ المستفيدون من برنامج ريادة الأعمال التابع لمؤسسة توني إلوميلو وينمون أعمالا رائدة خلقت بشكل جماعي أكثر من 400,000 وظيفة مباشرة وغير مباشرة.

وفقا لرائدة الأعمال توني إلوميلو لعام 2015 ، حواء ليمان ، صاحبة الأعمال ومؤسس أفريك عباية: “أنا فخور دائما بالقول إنني من المجموعة الافتتاحية لبرنامج ريادة الأعمال لمؤسسة توني إلوميلو. يقع عملي في كادونا ، في شمال نيجيريا. لقد استفدت من هذا البرنامج في عام 2015 ، وفتح الكثير من الأبواب والفرص. لا يتعلق الأمر فقط برأس المال الأساسي ، ولكن ما يسحرني حقا في البرنامج هو المعرفة. أنا أسميها برنامج ماجستير إدارة الأعمال المصغرة,

لأنه من مرحلة التفكير يعلمك كيفية التعبير عن عملك حقا ، وأعطاني خطة عملي الأولى. الشبكة والرؤية والفرص لا حصر لها. لا يمكن أن تكتمل تجربتي في ريادة الأعمال بدون مؤسسة توني إلوميلو. سأبدأ التصدير إلى بلدان أخرى قريبا من باب المجاملة المؤسسة. نحن الآن نوظف عشرة موظفين دائمين وثمانية موظفين إضافيين على أساس العمولة.”

وتعليقا على إطلاق برنامج مؤسسة توني إلوميلو لريادة الأعمال لعام 2022 ، قال الرئيس التنفيذي لمؤسسة توني إلوميلو ، إيفيينوا أوغوشوكو: “نحن في مهب باستمرار نوعية الشركات التي تأتي من أفريقيا كل عام. هذا يحفزنا على توسيع نطاق جهودنا لتمكين المزيد من رواد الأعمال في القارة. الابتكار والمعرفة والمرونة من رجال الأعمال الأفارقة أمر أساسي لرسم التحول الاجتماعي والاقتصادي في أفريقيا وتحقيق أهداف التنمية في القارة. نحن فخورون أيضا بزيادة مشاركة الإناث في برنامجنا ، خاصة مع مجموعة 2021 حيث شهدنا اختيار 68 ٪ من رائدات الأعمال.”

وصرح الأمين المؤسس لمؤسسة توني إلوميلو ، الدكتور أ ف. إلوميلو: “من خلال برنامج ريادة الأعمال لمؤسسة توني إلوميلو ، نسعى إلى إضفاء الطابع الديمقراطي على الحظ. يلعب العمل الشاق دورا مهما لا يمكن إنكاره في النجاح ، ولكن يجب على المرء ألا يستبعد دور الحظ – شخص ما على استعداد لاغتنام فرصة لك أو لفكرة العمل من خلال تمكينك من خلال التدريب أو الإرشاد أو التمويل. أملنا هو أنه من خلال برنامج ريادة الأعمال لمؤسسة توني إلوميلو ، سنساعد قائد الأعمال التالي أو قائد الصناعة على أن يكون من المفترض أن يكون. هذه هي طريقتنا الخاصة لرد الجميل وأيضا لتمكين الجيل القادم وراءنا حتى يتمكنوا من الذهاب إلى أبعد مما لدينا. بصفتك أحد الوالدين ، فإن رغبة المرء هي أن يقوم أطفالك بعمل أفضل منك ، وبالتالي ستوفر الموارد والمواد التي يحتاجونها للتأكد من أنهم يذهبون بعيدا في الحياة. وبالمثل ، نقوم في المؤسسة بتزويد الجيل القادم بالأدوات التي يحتاجونها لتحقيق النجاح.”

وباعتبارها البطل الأول لريادة الأعمال في أفريقيا ، تعمل مؤسسة توني إلوميلو على تمكين النساء والرجال في جميع أنحاء القارة الأفريقية من خلال ريادة الأعمال لتحفيز النمو الاقتصادي ، ودفع عجلة القضاء على الفقر وضمان خلق فرص العمل. تكمن مهمة المؤسسة في فلسفة الرأسمالية الأفريقية ، التي تضع القطاع الخاص باعتباره العامل الرئيسي في خلق الثروة الاقتصادية والاجتماعية في أفريقيا. من خلال تيفكونكت ، المنصة الرقمية الخاصة بالمؤسسة ، قدمت الدعم لبناء القدرات ، والروابط الاستشارية والسوقية ، لأكثر من 1.5 مليون أفريقي.

برنامج مؤسسة توني إلوميلو لريادة الأعمال مفتوح لأصحاب المشاريع في جميع أنحاء أفريقيا: الشركات الناشئة الجديدة والشركات الشابة القائمة ، التي تعمل في أي قطاع. يجب على المتقدمين المحتملين التقديم الآن على مركز الشبكات الرقمية لرواد الأعمال الأفارقة, www.TEFConnect.net. للحصول على قائمة بأسماء رواد الأعمال المختارين لعام 2021 توني إلوميلو ومزيد من المعلومات حول برنامجنا ، يرجى زيارة الموقع الإلكتروني لمؤسسة توني إلوميلو هنا.

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Desde 2015, o Programa de Empreendedorismo TEF – o único catalisador de empreendedorismo de seu tipo financiado pela África – capacitou 15.847 empreendedores Africanos com capital inicial não reembolsável de $ 5.000 cada; doze semanas de treinamento em gestão de negócios; acesso a mentores experientes; e adesão ao maior ecossistema empresarial da África.

Em 2021, a Fundação Tony Elumelu desembolsou US $ 24,75 milhões para 5.000 empreendedores Africanos em toda a África para seu Programa de Empreendedorismo 2021. O Programa de Empreendedorismo da Fundação continua a ser uma das maiores respostas do setor privado para impulsionar a recuperação econômica de jovens Africanos, mulheres e PMEs, dados os efeitos da pandemia covid19 em toda a África. Em toda a África, os beneficiários do Programa de Empreendedorismo da Fundação Tony Elumelu estão iniciando e desenvolvendo empresas pioneiras que criaram coletivamente mais de 400.000 empregos diretos e indiretos.

De acordo com a Empreendedora Tony Elumelu 2015, Hauwa Liman, dona e fundadora de uma empresa denominada Afrik Abaya: “Tenho sempre orgulho de dizer que faço parte da coorte inaugural do Programa de Empreendedorismo da Fundação Tony Elumelu. Minha empresa está localizada em Kaduna, no norte da Nigéria. Eu me beneficiei desse Programa em 2015, e ele me abriu muitas portas e oportunidades. Não se trata apenas do capital semente, mas o que realmente me fascina no Programa é o conhecimento. Chamo isso de mini-programa de MBA, porque desde a fase de idealização ensina como realmente articular o seu negócio, e me deu meu primeiro plano de negócios. A rede, a visibilidade e as oportunidades são infinitas. Minha experiência de empreendedorismo não pode ser completa sem a Fundação Tony Elumelu. Vou começar a exportar para outros países em breve, cortesia da Fundação. Agora empregamos dez funcionários permanentes e oito funcionários adicionais com base em comissão. ”

Comentando sobre o lançamento do Programa de Empreendedorismo da Fundação Tony Elumelu 2022, o CEO da Fundação Tony Elumelu, Ifeyinwa Ugochukwu, compartilhou: “Ficamos constantemente impressionados com a qualidade dos negócios que vêm da África todos os anos. Isso nos motiva a escalar nossos esforços para capacitar ainda mais empreendedores no continente. A inovação, o conhecimento e a resiliência dos empreendedores Africanos são fundamentais para mapear a transformação socioeconômica da África e cumprir os objetivos de desenvolvimento do continente. Também estamos orgulhosos do aumento da participação feminina em nosso Programa, especialmente com a coorte de 2021, onde testemunhamos uma seleção recorde de 68% de mulheres empresárias ”.

O curador fundador da Fundação Tony Elumelu, Dr. A. V. Elumelu declarou: “Por meio do Programa de Empreendedorismo da Fundação Tony Elumelu, buscamos democratizar a sorte. O trabalho árduo desempenha um papel importante e inegável no sucesso, mas não se deve desconsiderar o papel da sorte – alguém que está disposto a arriscar com você ou com uma ideia de negócio ao capacitá-lo por meio de treinamento, orientação ou financiamento. Nossa esperança é que, por meio do Programa de Empreendedorismo da Fundação Tony Elumelu, possamos ajudar o próximo líder empresarial ou capitão da indústria a ser quem ele deve ser. Esta é a nossa maneira de retribuir e também de capacitar a geração que está atrás de nós para que possam ir ainda mais longe do que nós. Como pai, o desejo é que seus filhos se saiam melhor do que você e, assim, você fornecerá os recursos e materiais de que eles precisam para garantir que durem muito. Da mesma forma, na Fundação estamos equipando a próxima geração com as ferramentas de que precisam para ter sucesso ”.

Como principal defensora do empreendedorismo na África, a Fundação Tony Elumelu  está capacitando mulheres e homens em todo o continente Africano por meio do empreendedorismo para catalisar o crescimento econômico, promover a erradicação da pobreza e garantir a criação de empregos. A missão da Fundação está enraizada na filosofia do Africanpitalismo, que posiciona o setor privado como o principal facilitador da criação de riqueza econômica e social na África. Por meio do TEFConnect, a plataforma digital proprietária da Fundação, ela forneceu suporte de capacitação, consultoria e vínculos de mercado para mais de 1,5 milhão de Africanos.

O Programa de Empreendedorismo da Fundação Tony Elumelu está aberto a empreendedores em toda a África: novas start-ups e empresas jovens existentes, operando em qualquer setor. Os candidatos em potencial devem se inscrever agora no hub de rede digital para empresários Africanos, www.tefconnect.net. Para obter uma lista dos empreendedores Tony Elumelu de 2021 selecionados e mais informações sobre nosso programa, visite o site da Fundação Tony Elumelu aqui.

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Depuis 2015, le programme d’entrepreneuriat TEF – le seul catalyseur d’entrepreneuriat africain financé en son genre – a doté 15 847 entrepreneurs africains avec un capital d’amorçage non remboursable de 5 000 $ chacun ; douze semaines de formation en gestion d’affaires ; accès à des mentors expérimentés; et l’adhésion au plus grand écosystème entrepreneurial d’Afrique.

En 2021, la Fondation Tony Elumelu a versé 24,75 millions de dollars US à 5 000 entrepreneurs africains à travers l’Afrique pour son programme d’entrepreneuriat 2021. Le programme d’entrepreneuriat de la Fondation reste l’une des plus grandes réponses du secteur privé pour stimuler la reprise économique des jeunes, des femmes et des PME africains compte tenu des effets de la pandémie de covid19 à travers l’Afrique. À travers l’Afrique, les bénéficiaires du programme d’entrepreneuriat de la Fondation Tony Elumelu lancent et développent des entreprises pionnières qui ont collectivement créé plus de 400 000 emplois directs et indirects.

According to 2015 entrepreneur Tony Elumelu, Hauwa Liman, female business owner and founder of Afrik Abaya: “I am always proud to say that I am part of the inaugural cohort of the Tony Elumelu Foundation entrepreneurship program. My company is located in Kaduna, in the north of Nigeria. I benefited from this program in 2015, and it opened up a lot of doors and opportunities for me. It’s not just the seed capital, but what really fascinates me about the program is the knowledge. I call it a mini-MBA program because from the ideation stage it teaches you how to really articulate your business and it gave me my first business plan. The network, visibility and opportunities are endless. My entrepreneurial experience cannot be complete without the Tony Elumelu Foundation. I will soon start exporting to other countries thanks to the Foundation. We now employ ten permanent employees and eight additional employees on the commission.”

Commenting on the launch of the 2022 Tony Elumelu Foundation Entrepreneurship Program, Tony Elumelu Foundation CEO Ifeyinwa Ugochukwu said: “We are constantly blown away by the quality of companies that come from Africa each year. This motivates us to step up our efforts to empower even more entrepreneurs on the continent. The innovation, knowledge and resilience of African entrepreneurs are essential to map Africa’s socio-economic transformation and achieve the continent’s development goals. We are also proud of the increased participation of women in our program, especially with the 2021 cohort where we witnessed a record 68% selection of women entrepreneurs.”

they can go even further than us. As a parent, the desire that your children can do better than you and that you provide the resources and materials they need to make sure they are successful in life. Likewise, at the Foundation, we are equipping the next generation with the tools they need to be successful.”

As the first champion of entrepreneurship in Africa, the Tony Elumelu Foundation empowers women and men across the African continent through entrepreneurship to catalyze economic growth, drive poverty eradication and ensure job creation. The Foundation’s mission is rooted in the philosophy of Africapitalism , which positions the private sector as the essential provider of economic and social wealth creation in Africa. Through TeFconnect , the Foundation’s exclusive digital platform, it has been provided capacity building support, advisory advice and market connections to more than 1.5 million Africans.

The Tony Elumeulu Foundation Entrepreneurship Program is open to entrepreneurs across Africa: new start-ups and existing start-ups, operating in any sector. Potential applicants should apply now on the digital hub for African entrepreneurs. www.tefconnect.net. For a list of Tony Elumelu Entrepreneurs selected in 2021 and more information about our program, please visit the Tony Elumulu Foundation website here.

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Lagos, Nigeria: The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs across all 54 African countries, has opened applications for the 2022 TEF Entrepreneurship Programme on www.TEFConnect.com African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital, mentorship, business management training and more on the 2022 Tony Elumelu Foundation Entrepreneurship Programme.

Since 2015, the TEF Entrepreneurship Programme – the only African-funded entrepreneurship catalyst of its kind – has empowered 15,847 African entrepreneurs with non-returnable seed capital of $5,000 each; twelve weeks of business management training; access to experienced mentors; and membership to Africa’s largest entrepreneurial ecosystem.

In 2021, the Tony Elumelu Foundation disbursed USD$24.75 million to 5000 African entrepreneurs across Africa for its 2021 Entrepreneurship Programme. The Foundation’s Entrepreneurship Programme remains one of the largest private sector responses to driving the economic recovery of African youth, women and SMEs given the effects of the covid19 pandemic across Africa.  Across Africa, the Tony Elumelu Foundation Entrepreneurship Programme beneficiaries are starting and growing trailblazing businesses that have collectively created over 400,000 direct and indirect jobs.

According to 2015 Tony Elumelu Entrepreneur, Hauwa Liman, female business owner and Founder of Afrik Abaya: “I am always proud to say that I am from the inaugural cohort of the Tony Elumelu Foundation Entrepreneurship Programme. My business is located in Kaduna, in northern Nigeria. I benefitted from this Programme in 2015, and it opened up lots of doors and opportunities. It is not just about the seed capital, but what really fascinates me about the Programme is the knowledge. I call it a mini-MBA programme, because from the ideation stage it teaches you how to really articulate your business, and it gave me my first business plan. The network, visibility and opportunities are endless. My entrepreneurship experience cannot be complete without the Tony Elumelu Foundation. I will start exporting to other countries soon courtesy of the Foundation. We now employ ten permanent staff and an additional eight staff on a commission basis.”

Commenting on the launch of the 2022 Tony Elumelu Foundation Entrepreneurship Programme, CEO of the Tony Elumelu Foundation, Ifeyinwa Ugochukwu shared, “We are constantly blown away by the quality of businesses that come from Africa every year. This motivates us to scale our efforts to empower even more entrepreneurs on continent. The innovation, knowledge and resilience of African entrepreneurs is central to charting Africa’s socio-economic transformation and meet the continent’s development objectives. We are also proud of the increase in female participation on our Programme, especially with the 2021 cohort where we witnessed a record 68% selection of women entrepreneurs.”

Founding Trustee of the Tony Elumelu Foundation, Dr. A V. Elumelu stated: “Through the Tony Elumelu Foundation Entrepreneurship Programme, we seek to democratise luck. Hard work plays an important and undeniable part in success, but one must not discount the role of luck – someone being willing to take a chance on you or business idea by empowering you through training, mentorship or funding. Our hope is that, through the Tony Elumelu Foundation Entrepreneurship Programme, we would help the next business leader or captain of industry be whom they are meant to be. This is our own way to give back and also to empower the generation coming behind us so that they can go even further than we have. As a parent, one’s desire is for your children to do better than you and so you will provide the resources and materials that they need to ensure that they go far in life. Similarly, at the Foundation we are equipping the next generation with the tools they need to succeed.”

As the foremost champion of entrepreneurship in Africa, the Tony Elumelu Foundation is empowering women and men across the African continent through entrepreneurship to catalyse economic growth, drive poverty eradication and ensure job creation. The Foundation’s mission is rooted in the philosophy of Africapitalism, which positions the private sector as the key enabler of economic and social wealth creation in Africa. Through TEFConnect, the Foundation’s proprietary digital platform, it has provided capacity-building support, advisory and market linkages, to over 1.5 million Africans.

The Tony Elumelu Foundation Entrepreneurship Programme is open to entrepreneurs across Africa: new start-ups and existing young businesses, operating in any sector. Prospective applicants should apply now on the digital networking hub for African entrepreneurs, www.tefconnect.com For a list of the selected 2021 Tony Elumelu Entrepreneurs and more information on our programme, please visit the website of the Tony Elumelu Foundation here.

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The Business Management training was conducted exclusively on TEFConnect,  the Foundation’s proprietary digital platform that provides capacity-building support, advisory and market linkages to over 1 Million Africans and counting.

The TEF Entrepreneurship Programme Business Management Training equips entrepreneurs with critical skills required to launch and run their businesses at the early growth stage. With a unique curriculum that encompasses topics on Starting Your Business, Business Management & Fundamentals, Leadership & Business Growth, Selecting and Building a Team, amongst others, entrepreneurs are effectively armed to achieve business growth, profitability, and sustained success.

Entrepreneurs were hosted to weekly information sessions, as part of the training, to address relevant concerns and share vital programme updates. All entrepreneurs received active support from coaches and mentors who provided technical guidance, counsel and one-one interaction throughout the duration of the training programme.

The training, which is one element of the 7 pillars of the TEF Entrepreneurship Programme, was carried out in the official African languages including English, French, Portuguese and Arabic, and over 40 percent of trained participants were women.

Commenting on this milestone, Ifeyinwa Ugochukwu, CEO of the Tony Elumelu Foundation, said “Every year, our commitment to transform Africa is further strengthened with the passion, resilience and talent of the high-calibre entrepreneurs who onboard our flagship programme. Our curricular provides a holistic opportunity for entrepreneurs to learn, grow and contribute to the development of their communities.”

The Chief Executive Officer added: “Furthermore, it is a testament to the eagerness and readiness of African entrepreneurs across all of Africa to make themselves available to transform the continent for good. I would like to commend these entrepreneurs for their discipline, dedication and hard work throughout the training and look forward to the immense impact of their businesses across diverse sectors in Africa. We remain committed to empowering African entrepreneurs with the required resources and support that will ensure that their businesses can scale and drive sustainable change on the continent”.

The TEF Entrepreneurship Training is immediately followed by a Business Plan review process for each entrepreneur. The top-performing entrepreneurs subsequently participate in the Pitching phase of the Programme after which successful entrepreneurs receive a non-returnable seed capital of US$5000 each.

The leading African philanthropy also hopes to train and empower thousands more across the African continent as part of its commitment to catalyze economic growth, drive poverty eradication and ensure job creation.

In 2020, the Tony Elumelu Foundation marked ten years of impact, having empowered and funded nearly 10,000 African entrepreneurs from all 54 African countries as part of its US$100 million TEF Entrepreneurship Programme. The Tony Elumelu Foundation is inspired by Tony Elumelu’s economic philosophy of Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the long-term social and economic development of the African continent.

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