The Tony Elumelu Foundation (TEF), the Lagos-based pan-African philanthropy empowering African entrepreneurs is accepting applications now on www.TEFConnect.com for its 2021 TEF Entrepreneurship Programme.
With the March 31st deadline fast approaching, TEF will offer funding of $5000, mentoring, and training for each selected business to help in the economic recovery of young African entrepreneurs hit by the pandemic.
The Foundation’s Entrepreneurship Programme wants to empower over 3,500 young African entrepreneurs, both new start-ups and existing young businesses, operating in any sector.
In a statement, CEO of the Tony Elumelu Foundation, Ifeyinwa Ugochukwu stated, “The Tony Elumelu Foundation now more than ever is demonstrating our commitment to unleashing the potential of young African entrepreneurs, the key to Africa’s long-term economic transformation. The pandemic has created challenges across the continent, but we know that with the Tony Elumelu Foundation’s tried and tested Programme, we can execute the largest Covid-19 economic recovery plan for African SMEs and break the cycle of poverty in Africa.”
The Tony Elumelu Foundation’s $100million Entrepreneurship Programme, launched in 2015 to empower 10,000 entrepreneurs over 10 years, is now entering its 7th year and has empowered to date, over 9,000 young African entrepreneurs from 54 African countries. Prospective applicants should apply on the digital networking hub for African entrepreneurs, www.TEFConnect.com.