Today, the Allworld Network Inc. (co-founded by Professor Michael Porter of Harvard Business School) and The Tony Elumelu Foundation announced the launch of the Nigeria Fast Growth 50 (Nigeria50). This is a pioneering effort to showcase and rank the most innovative and dynamic fast-growth private companies in Nigeria. Nigeria is soon expected to become the …

Innovative Competition Acts as Catalyst for Business and Job Growth in Sub-Saharan Africa At the second African Diaspora Marketplace (ADM II), 17 U.S.-based entrepreneurs were awarded matching grants to fund innovative business plans and promote economic growth in seven countries in sub-Saharan and North Africa. The grants will match ADM winners’ own funds to support …

Building on the successful launch of its African Markets Internship Programme (AMIP) for MBA students and graduates in 2011, The Tony Elumelu Foundation (TEF) is pleased to announce that the programme will feature a wider selection of African countries in its second year, growing from three to seven countries that cut across east, west, central …

Nigerian banker and philanthropist Tony Elumelu was recently in Washington D.C., where he reiterated his belief that Africans themselves will be at the forefront of the continent’s economic renaissance. “No one can develop Africa but us [Africans].” That was Nigerian philanthropist Tony Elumelu’s message to international business leaders, global philanthropic organizations and Western development partners …