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1,000 entrepreneurs selected for the 2nd round of the Tony Elumelu Entrepreneurship Programme

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1,000 entrepreneurs in Africa have been selected for the 2nd round of the Tony Elumelu Entrepreneurship Programme (TEEP), a 2015 Tony Elumelu Foundation (TEF) launched initiative to empower over 10,000 entrepreneurs in Africa, create a million jobs and add $10 billion in revenues to Africa’s economy.

The 10-year, $100 million commitment saw over 45,000 entrepreneurs from 54 African countries apply, more than doubling the number of applications received in 2015.

In a statement, founder, Tony O. Elumelu, CON, said: “In TEEP’s first year we spent over $8 million of our $100 million commitment – with $5 million going directly to entrepreneurs as seed capital — and the results have far exceeded our expectations. We have funded entrepreneurs, established networks and helped extraordinary people take control of their destinies. The 2016 Tony Elumelu Entrepreneurs will become a generation of newly empowered African business owners, who are the clearest evidence yet, that indigenous business growth will drive Africa’s economic and social transformation.”

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This year’s cohort will for over the next nine months receive intensive online training, networking and mentoring, that provide a tool kit for success and sustainability and later in the year, they will participate in a three-day Elumelu Entrepreneurship Forum.

See a full list of the selected Tony Elumelu Entrepreneurs for TEEP 2016, please visit www.tonyelumelufoundation.org/teep

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Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs  TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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