[Nigeria, December 16, 2024] – Earlier this year, the European Union (EU), Organisation of African, Caribbean and Pacific States (OACPS), German Federal Ministry for Economic Cooperation and Development (BMZ), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), and the Tony Elumelu Foundation (TEF) reunited to introduce the second instalment of the “Invest in Young Businesses in Africa …
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Author Archives: Temitope Somuwa
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798 African Women-Led Businesses Granted USD$3.99 Million to Drive Africa’s Green Transformation
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Navigating Disruptions: Harnessing AI for Business and Economic Success
Remarks. Delivered by Tony O. Elumelu, CFR. Founder, The Tony Elumelu Foundation. Chairman: Heirs Holdings Group, UBA Group, Transcorp Group. At the 2024 LBS Alumni Day. Opening Remarks As business leaders, we all know that change is inevitable. But it is important how we approach change, manage change, master change. In my experience, leaders who are more …
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Tony Elumelu and Cindy McCain Join Together in Addressing Africa’s Youth Unemployment and Hunger Crisis at UNGA79
New York, NY – 22 September 2024 – Tony O. Elumelu, CFR, Founder of the Tony Elumelu Foundation (TEF), hosted a reception with Cindy McCain, Executive Director of the World Food Programme (WFP), to highlight youth unemployment and hunger in Africa, on the sidelines of the 79th United Nations General Assembly meetings, in New York …
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Maliki Sankaré: Transforming Mali’s Agricultural Landscape with TEF Support
In celebration of Mali’s Independence Day, the Tony Elumelu Foundation proudly spotlights Maliki Hamadoun Sankaré, a young Malian entrepreneur and founder of Socco-Agro-Business, a company specialising in the production and commercialisation of rice and vegetables. Established in 2020, Socco-Agro-Business spans 24 hectares of agricultural land, driving change in Mali’s agricultural sector by creating jobs and …
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Keynote Speech Delivered By Dr. Awele V. Elumelu, OFR At The 2024 Women Directors’ Conference Of The Chartered Institute Of Directors Nigeria
Understanding the Disruptive Age Embracing Diversity, Equity & Inclusion (DEI): 1. Olamide Ayeni, a 2016 beneficiary of the TEF Entrepreneurship Programme, is leveraging technology for waste management innovation 2. Nana Amoako-Anin – Leveraging Technology to Transform Yoga in Ghana These examples are a testament to what is possible when we embrace technology and use it …
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The Tony Elumelu Foundation Launches Research Study with MIT, Columbia and University of Chicago
The Tony Elumelu Foundation, together with professors from the Massachusetts Institute of Technology, the University of Chicago, and Columbia University, have drafted a study with rich insights into entrepreneurship in Africa. The full research piece can be accessed here The evaluation uses a randomised control trial methodology to compare otherwise similar applicants who embarked on our flagship programme versus …
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Transforming Education in Nigeria: Ogechi Benyeogor’s Inspiring Success Story
Nigeria’s education system faces significant challenges. According to the World Economic Forum (2017), the country ranks 124th out of 137 nations in primary education quality. Additionally, Fleet, Watkins, & Greubel (2012) report that over 58% of Nigerian schoolchildren lack basic literacy and numeracy skills. Seeing the struggles of children who couldn’t access quality education due …
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The Future of Entrepreneurship in the Sahel
The Sahel region has long been plagued by economic instability, security concerns, and limited access to resources. The region’s youth face significant barriers to employment and entrepreneurship, exacerbated by the lack of infrastructure, education, and financial services. In this context, the Tony Elumelu Foundation (TEF), in collaboration with the United Nations Development Programme (UNDP), launched …
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TEF-UNDP SAHEL ENTREPRENEURSHIP PROGRAMME IMPACT ASSESSMENT
Background The Sahel region has faced significant instability over the years, marked by socio-political unrest, economic challenges, and environmental crises. Countries such as Burkina Faso, Cameroun, Chad, Mali, Mauritania, Niger, and Nigeria have grappled with issues ranging from insurgencies and political upheaval to severe climate change impacts that exacerbate poverty and displacement. These challenges have …
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Seed Grant in 2015: Ogola, TEF Alumni from Nigeria Success Story
According to the Raw Materials Research and Development Council (RMRDC) of Nigeria, Nigeria records 40% post-harvest losses annually in tomato production. While the annual production of tomato in the country is rising and currently slightly over 1.8 million metric tonnes, national demand has increased to more than 2.4million metric tonnes per annum, leaving a huge deficit After …
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