Nigeria’s Tony Elumelu is a man who wears many hats. Some of which include an angle investor, entrepreneurs, economist, and a demonstrated philanthropist. Elumelu is perhaps best known for being the founder of the Tony Elumelu Foundation (TEF), a Pan-African initiative seeking to empower entrepreneurs, through the Tony Elumelu Entrepreneurship Program.
Tony Elumelu has committed $100 million of his own money to the program, which will be used in the training, mentoring, and funding some 10,000 African entrepreneurs over the course of a decade. A commitment of personal finances of such a magnitude only proves Elumelu’s personal drive to seeing entrepreneurship flourish in Africa.
For entrepreneurs to stand a chance to get a piece of this funding, they must go through a rigorous annual program, which includes a two-day business bootcamp in Nigeria that will see the attendance of 1,000 selected seasoned entrepreneurs. These seasoned entrepreneurs will come from across the 54 different countries that make up Africa. Entrepreneurs taking part in the program are referred to as the Tony Elumelu Entrepreneurs.
On January 1st, 2017, TEF launched its third round of the program and invited …read more