Top 5 Philanthropists Supporting Africa’s Development: On February 20, 2024, Business Insider Africa highlighted the top philanthropists supporting Africa’s development, featuring Tony Elumelu among the prominent figures. The Tony Elumelu Foundation (TEF) has emerged as a pivotal force in driving Africa’s progress through entrepreneurship and empowerment. On January 23, 2024, The Tony Elumelu Foundation (TEF), …
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Author Archives: Temitope Somuwa
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The Leading Philanthropy in Africa: Tony Elumelu Foundation
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Meet Izu Freeman, 2019 TEF Alumni who is into processing, distribution of products from cassava.
Seed Funding for MSMEs in Nigeria: Financial experts say about 80 percent of Small and Medium Enterprises, and SMEs, in Nigeria fail within the first five years of their existence due to lack of experience and other wrong business practices. Izu Freeman decided to help micro, small and medium businesses to digitalize their processes for …
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An Easy Guide to Successfully Apply for TEF2024 on TEFConnect
Apply for TEF2024 on TEFConnect: The Tony Elumelu Foundation Entrepreneurship Programme is a $100million commitment made by the Elumelu family to empower 10,000 African entrepreneurs over a 10-year period through, training, mentorship, and funding. The goal is to create at least 1million jobs and contribute over $10billion in revenue to the African economy. Through its …
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Meet 2017 TEF Alumni, Olanrewaju Fadodun who started food processing and training services business
Olarewaju said the seed capital and the 12 weeks of entrepreneurship training have been vital for his business. During the 2019 TEF forum, he was able to exhibit at the UBA marketplace and connected with several people that have impacted his business in terms of finances and recommendations.
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Meet 2018 TEF Alumni, Lahja Amakali who started food processing and training services business
Starting a food processing business in Namibia: In a meeting held on 30 August 2016, the president of the Namibia Agricultural Union, Mr Ryno van der Merwe explained, to a hall full of people on the farm Neu-Otjisaouna, that the profitability of cattle and sheep farming is not close to what it should be. He …
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The Tony Elumelu Foundation Announces Selected 2023 TEF Entrepreneurship Programme Beneficiaries
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from across all 54 African countries, has announced the selected list for the 2023 TEF Entrepreneurship Programme.
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Meet 2019 TEF Alumni, Mechi Amaah who is into production of organic and eco-friendly cosmetics
Get funding for your cosmetic business in Cameroon. “To give back to my community, i have created jobs and am currently working on an accelerator program to train young girls with vocational training skills that can enable them gain employment or start up their own business. This will go a long way to reduce unemployment in my community and country.”
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Meet 2019 TEF Alumni, Olusegun Ayodele who was funded for his sachet water business idea
Get funding for your sachet water business idea. Olusegun Ayodele has 11 people under his direct employ and generates revenue ranging from $500 to $600 monthly
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Meet 2017 TEF Alumni, Jonathan Azua Who is creating jobs through cleaning and maintenance business
Seed capital for cleaning and maintenance business: In Nigeria, in the first quarter of 2021, a report published by the National Bureau of Statistics (NBS) on its website noted that Nigeria’s Unemployment Rate has risen from 27.1 per cent in the second quarter of 2020, to 33 per cent. Aside from making it the second …
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Meet 2019 TEF Alumni, Gladys Chibanda Who is into the Production of handmade Ankara crafts
Funding for Ankara Crafts in Zimbabwe: Textiles and clothing are a fundamental part of everyday life and an important sector in the global economy. The production of cotton accounts for almost 7% of all employment in some low-income countries. Although today’s biggest textile-producing countries are China and India, “made in Africa” is gaining traction. Many …
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