As the continent continues to be impacted by rising temperatures, heightening sea levels and a plethora of extreme weather conditions, rethinking socio-economic development is crucial. As the world’s youngest continent and for the future of upcoming generations, it is important to ensure that we are building solutions that are sustainable and address issues of climate …
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Author Archives: Joshua Praise
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Making the case for Green Entrepreneurship
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TEF and DEG Partner to Empower 200 Additional Entrepreneurs Across Africa
The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering young African entrepreneurs from all 54 African countries, has partnered with DEG, the German development financial institution supporting the private sector in emerging-market countries, to empower an additional 200 entrepreneurs across Africa. The initiative will fund 200 additional young African entrepreneurs complementing the US$100M Tony Elumelu …
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Playing the Long Game: An Africa Beyond Aid
Africa’s population, which currently has the majority between 15 and 24, is expected to double by 2045 according to the African Development Bank, a partner of the Tony Elumelu Foundation. To mitigate the effects of this, the continent will need to create more jobs, policies and implementation plans that will allow for a more competitive …
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Emmanuel Nturanyenabo’s TEF Testimonial
My name is Emmanuel Nturanyenabo, the Founder and Managing Director of Teebah Film Village, a full-service video production company based in Rwanda. I started up Teebah Film Village in July 2017 and since that time, I have been struggling mainly with how to increase sales, and how to improve our product. At some point, I …
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Identifying the Right Opportunities for your Business
As entrepreneurs, finding the right opportunity to grow and expand our businesses is a problem that keeps some up at night. Taking advantage of an opportunity may seem like a huge risk sometimes, especially when markets and economies seem uncertain, but there are ways to identify the right opportunities most of the time is critical …
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“Nobody is more willing to get out of poverty than the people who are in poverty,” – Edwin Ikhuoria, ONE Africa Director
In this interview, the Tony Elumelu Foundation sits with Edwin Ikhuoria, the Africa Executive Director for the ONE campaign, who is leading ONE’s advocacy work across the continent. Edwin has spent over 19 years in the development sector, and before Joining ONE in 2014, worked for the Development Impact Evaluation Unit of the World Bank. …
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#TEFConnectAfrica50: 50 Entrepreneurs to Connect with in Africa!
The biggest story of the last year has undoubtedly been the novel coronavirus and, irreversibly, its effect on the economy. However, entrepreneurs in Africa have remained committed to their vision to reshape the narrative of Africa while ensuring the best possible future. From businesses to social enterprises, African entrepreneurs across the continent are undeniably making …
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Bukas to Vibandas: Connecting Africa’s Informal Restaurant Industry
When Njavwa Mutambo applied to the TEF entrepreneurship program in 2016, he started as the only employee of Musanga, a Zambian start-up connecting truck riders and delivery riders. Musanga Logistics’ connects users who want to send packages – such as restaurants, small retailers and individuals – through independent couriers. Now, he says, the platform has 1500 …
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“Everything We Do is About Impacting Lives and Transforming our Society,” Tony Elumelu Says on AriseTV’s “The Morning Show”
On Wednesday, May 5, 2021, Founder of the Tony Elumelu Foundation, Tony O. Elumelu(CON), was live on AriseTV’s The Morning Show where he discussed business, economy and investments in Africa, corporate governance and gender inclusion and equality. Here are some impactful quotes from the conversation: On Business: To a large extent, my mum played a …
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Tony Elumelu Foundation Partners with Stanford University to release study on African Entrepreneurs
New research on African entrepreneurs by the Tony Elumelu Foundation in partnership with Stanford University reveals insights into the divergent cultural factors that influence the entrepreneurial journey (of women especially) in Africa. The conclusions point to some patterns and qualities that favour entrepreneurial success, offering lessons in entrepreneurship in Africa and beyond. Here are key insights from …
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