Press Releases

PV with the president of CE, Dr Elle Nkamgueu


December 24, 2015

LAGOS, NIGERIA – 22 December 2015 – The Tony Elumelu Foundation, as part of its outreach for the Tony Elumelu Entrepreneurship Programme (TEEP,) addressed an esteemed audience of French business leaders at the Club Efficience Gala on Saturday 19 December. Founder Tony O. Elumelu was awarded with the Prize for Excellence and represented by the […]


25 Tony Elumelu Entrepreneurs Meet with Governor El-Rufai and Inspire Entrepreneurship Drive in Kaduna State

August 24, 2015

  24 August, 2015: KADUNA, NIGERIA – The Tony Elumelu Foundation and 25 Kaduna based entrepreneurs from the Tony Elumelu Entrepreneurship Programme (TEEP) were hosted by His Excellency, Governor Nasir El-Rufai of Kaduna State at the weekend to an informative session at the Government House, Kaduna. During the event, Tony Elumelu Foundation Chief Operating Officer, […]

Tony Elumelu Foundation Releases Most Comprehensive Study on African Entrepreneurship Ever Conducted

July 27, 2015

27 July 2015, Nairobi, Kenya — The research and policy arm of the Tony Elumelu Foundation, the Africapitalism Institute, released a groundbreaking study on Africa’s entrepreneurial ecosystem at the sixth Global Entrepreneurship Summit in Kenya where President Obama gave the keynote address. The 86-page report, titled Unleashing Africa’s Entrepreneurs, based on original research leveraging the Foundation’s pan-African network […]


Tony Elumelu Foundation Hosts Historic Bootcamp For 1,000 Emerging African Entrepreneurs From 51 African Countries In Ota, Nigeria

July 13, 2015

LAGOS, NIGERIA As part of Tony Elumelu’s $100 million commitment to empowering African entrepreneurs, 1,000 Tony Elumelu Entrepreneurs, representing 51 African countries from the Tony Elumelu Entrepreneurship Programme (TEEP) Class of 2015, converged near Lagos, Nigeria for an intensive two-day boot camp session, an unprecedented gathering of emerging African entrepreneurs, from 10-12 July, 2015. The entrepreneurs travelled […]

Tony Elumelu Foundation Welcomes 1000 Pan-African Entrepreneurs to $100M Tony Elumelu Entrepreneurship Programme Boot Camp

June 24, 2015

LAGOS, NIGERIA, June 23, 2015: ‘I am confident that these entrepreneurs are Africa’s hope for the future,’ Mr. Tony Elumelu says, about the 1000 African entrepreneurs who will be arriving in Nigeria on July 10th, 2015 for a two-day boot camp. A thousand entrepreneurs selected from over 20,000 applicants from all over Africa are expected to […]

Elumelu encourages Nigerian youths to cultivate an attitude of learning and entrepreneurship

June 6, 2015

Leading Nigerian businessman and philanthropist Tony O. Elumelu, Chairman, Heirs Holdings, has encouraged Nigerian youths to secure their future by cultivating an attitude of learning, collaboration and entrepreneurship. The Chairman made this assertion while delivering the commencement address on the topic “Employee, Employer, and Empowerer: Pathways to Success and Impact in an Uncertain World”, during […]


Press Release: “Africans Investing in Africa” Book Launch

June 5, 2015

CAPE TOWN – June 5, 2015- Two of Africa’s most prominent foundations – the Nigeria-based Tony Elumelu Foundation and the Oppenheimer family’s Brenthurst Foundation of South Africa – launched an important new book titled “Africans Investing in Africa” on the sidelines of the World Economic Forum Africa meeting in Cape Town. The 338-page book covers […]

New Agenda for African Private Sector as Tony Elumelu Rallies Support in Oxford, Paris and New York

May 25, 2015

Oxford, United Kingdom – African businessman and philanthropist Tony Elumelu has called on business leaders to make decisions that will increase economic and social wealth, and promote development in the communities and nations in which they operate. Mr. Elumelu, the Chairman of Heirs Holdings and the Founder of the Tony Elumelu Foundation, stated this in a […]

Elumelu speaking during the panel discussion

Tony Elumelu Joins President Obama at the White House to Champion an Entrepreneur-led Development Model for Africa

May 13, 2015

African businessman and philanthropist, Tony O. Elumelu has proposed a new entrepreneur-led development model for Africa at two high profile events in Washington DC.

Mr. Elumelu, who is Chairman of United Bank for Africa, and Founder, the Tony Elumelu Foundation, spoke at a White House event hosted by United States President Barack Obama on May 11 to celebrate emerging entrepreneurs around the globe. The event was a prelude to Obama’s scheduled trip to Kenya this summer for the Global Entrepreneurship Summit.

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Tony Elumelu Foundation Selects Inaugural 1,000 African Entrepreneurs to Participate in the $100M Tony Elumelu Entrepreneurship Programme

March 23, 2015

Lagos, Nigeria – The Tony Elumelu Foundation (TEF) is pleased to announce the selection of the first 1000 African entrepreneurs for the Tony Elumelu  Entrepreneurship Programme (TEEP).  TEEP is a $100 million initiative to discover and support 10,000 African entrepreneurs over the next decade, with a target of creating 1 million new jobs and $10 […]