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Tuesday, 24 March 2015

Elumelu Foundation Selects 1,000 African Entrepreneurs

Tony Elumelu
The Tony Elumelu Foundation (TEF) on Monday announced its first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP).

The top five countries in terms of numbers of winners are Nigeria, Kenya, Uganda, South Africa and Ghana. All five African regions - North, East, Southern, Central and West Africa are represented, as well as all major language blocs - Anglophone, Francophone, Lusophone, and Arabic Africa.

TEEP is a $100 million initiative to discover and support 10,000 African entrepreneurs over the next decade, with a target of creating one million new jobs and $10 billion in additional revenues in the process. Over 20,000 African entrepreneurs from 52 countries applied to the programme, representing the creativity and potential on display across the continent.

The winners, according to the board of the TEF emerged from 52 African countries and territories, as well as a multitude of value adding sectors ranging from agriculture, education, fashion and information and communication technology (ICT).
Speaking on the desired impact of the programme, Founder, Mr. Tony Elumelu, said: "The selection of these 1000 entrepreneurs brings us closer to our ultimate goal - to drive Africa's economic and social transformation from within and to radically intensify job creation in Africa.

"Though I have never met or spoken to any of the winners, I am confident that due to the rigorous criteria and selection process, these entrepreneurs are Africa's hope for the future.

"I will continue to invest my experience, time, influence, and resources to see them succeed. I am embarking on this journey with these entrepreneurs hopeful and inspired."

The winners represent 52 African countries and territories, as well as a multitude of value adding sectors ranging from agriculture to education to fashion and ICT.

The 1000 selected entrepreneurs will continue through the programme cycle over the next nine months. This cycle includes an intensive online training curriculum, mentoring, and participation in a two-day entrepreneurship boot-camp and the Elumelu Entrepreneurship Forum.

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