">
TechMoran
  • Advertise
  • Deals
  • Jobs
  • TV
  • Pitch Your Startup
Wednesday, December 11, 2019
  • Startups
  • Reviews
  • Insider
  • Business
  • Women
  • Blockchain
  • MENA
  • Obituaries
  • Guest Posts
No Result
View All Result
TechMoran
">
Home Tech

1,000 African Entrepreneurs Chosen for The Tony Elumelu Entrepreneurship Programme

Christie Uzebu by Christie Uzebu
3 years ago
in Tech
4 min read
0
">

The Tony Elumelu Foundation (TEF) has announced the selection of 1,000 African entrepreneurs, creating the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme.

The 1,000 entrepreneurs – a bulk of which are Nigerian but also includes strong representation from countries like Kenya, Uganda, Ghana, Tanzania, Cameroon and South Africa – were chosen from 93,000 applicants from 55 African countries – more than twice 2016 applications and nearly four times 2015.

Over the next nine months, the 2017 Tony Elumelu Entrepreneurs will be trained and mentored, and will use the skills acquired to develop a business plan. Following which, they will be eligible to receive up to $10,000 in seed capital.

Founder, Tony O. Elumelu, CON, commented: “Standing here today to announce the successful applicants is bittersweet; we have 92,000 budding business leaders who weren’t selected for our Programme and these young African men and women have demonstrated a lot of energy innovation and creativity in their applications. We should not relent until we help them ALL realize their aspirations.”

The Foundation’s long-term investment in empowering African entrepreneurs is emblematic of Mr. Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector – and most importantly entrepreneurs – as the catalysts for the economic and social development of the continent.

Agriculture leads the sectors with (29%) of applicants coming from this sector, followed by ICT (11%) and manufacturing (9%), reflecting the industries of interest for African startups. Nigeria, Kenya, Ghana, Uganda and Cameroon produced the most applicants.

READ  PlayStation 4 Slim doubles capacity to 1TB but price remains the same, consoles' battle gets heated.

CEO, Parminder Vir OBE, said: “The achievements of each successive cohort is clear evidence of the growing transformative power of our Programme. We recently sampled 600 of our existing 2,000 entrepreneurs to analyse the Programme’s impact and have been impressed by the robustness and particularly impact on employment we are beginning to have. We have also partnered with organisations, including Microsoft, GE, ECOWAS, to provide further benefits to our entrepreneurs.”

">

Related posts

Jiji, Tuko & Legit’s sister site, raises $21m, mulls a financial services & payments future

December 11, 2019
0

WhatsApp to End Support For Millions of Smartphones by 2020

December 11, 2019
0

Tips To Optimize The Fundraising Strategy For Your Startup

December 11, 2019
0

Instagram Announces New Safety Updates for A safer Online Community

December 10, 2019
0

The Programme culminates in the TEF Entrepreneurship Forum – the largest annual gathering of African entrepreneurs and the full entrepreneurship ecosystem from across the continent, which brings together entrepreneurs, mentors and business and political leaders in October, for a two day event in Lagos, Nigeria.

The full list of selected entrepreneurs can be viewed here.

 

 

Reads 1,360

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)
Tags: AfricaentrepreneursEntrepreneurshipNigeriaTony Elumelu
Christie Uzebu

Christie Uzebu

Related Posts

Startups

Jiji, Tuko & Legit’s sister site, raises $21m, mulls a financial services & payments future

December 11, 2019
0
Tech

WhatsApp to End Support For Millions of Smartphones by 2020

December 11, 2019
0
Tech

Tips To Optimize The Fundraising Strategy For Your Startup

December 11, 2019
0
Tech

Instagram Announces New Safety Updates for A safer Online Community

December 10, 2019
0
Tech

Build Better Customer Relationships with Personalized Sales Proposals

December 10, 2019
0
Tech

The Fundamentals of Inbound Marketing for Startups

December 10, 2019
0

Free Coupon Codes

Recent Posts

HMD Global launches Nokia 2.3 & Nokia C1 in Kenya

December 11, 2019

Samsung Galaxy S10 Lite Might Cost You At Least Ksh75,000

December 11, 2019

Jiji, Tuko & Legit’s sister site, raises $21m, mulls a financial services & payments future

December 11, 2019

WhatsApp to End Support For Millions of Smartphones by 2020

December 11, 2019

Google Calendar Now Lets You Move Events Across Calendars

December 11, 2019
">

Hours & Info

Bishop Magua Plaza, Opposite Uchumi Hyper, Ngong Road, Nairobi, Kenya
+254-722-156-552
[email protected]
Lunch: 11am - 2pm
Dinner: M-Th 5pm - 11pm, Fri-Sat:5pm - 1am
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
No Result
View All Result
  • Startups
  • Reviews
  • Insider
  • Business
  • Women
  • Blockchain
  • MENA
  • Obituaries
  • Guest Posts

© 2019 Moran Media Group - All rights reserved Techmoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.