In an increasingly globalised world, reliable and safe goods movement form the backbone of the world economy. For this reason, Zambian entrepreneur Cephas Nshimyumuremyi started Tribology Energies five years ago to focus mainly on the retail distribution sector. Today, they have a contract with Total Zambia, where they distribute high performance lubricants and a contract …
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Monthly TEF Circle publication from the Tony Elumelu Foundation
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Delivering the Best Pitch
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Building Covid-19 Ventilators in Africa, for the World
When Hank Debey applied for the TEF Entrepreneurship Programme in 2015, his mission was to provide affordable air services to African farmers who wanted to increase their profits by transporting their crops to distant, more lucrative markets. Hank went to work on Wings4Farmers, producing aircrafts, called levopters, which didn’t rely on fuels and derived their …
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Exploring Post-Pandemic Opportunities in Africa: Interview with Peter Ashade, CEO United Capital
The Tony Elumelu Foundation catches up with Peter Ashade, the CEO of United Capital Plc, leading financial services Group in Africa focused on leveraging technology to empower businesses, individuals and governments. With a remarkable start to the year, United Capital recorded 3.13 point one trillion billion in the first quarter of 2021. We just want …
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Transforming Poachers into Protectors
All species on earth, including humans, depend on the services provided by other species to survive. This biological diversity provides the resources necessary to maintain the healthy systems we need to thrive. Harmful activities such as hunting can have serious consequences on the environment since natural ecosystems are interconnected and interdependent. 35-year old Rwandan entrepreneur …
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A Sustainable Approach to Making Impact in Africa
Despite Africa’s economic growth, the continent still struggles with high unequal distributions of wealth. In a study conducted by WID in 2017, Africa stands out as an extreme income inequality region by international standards, with average incomes of the top 10% about 30 times higher than those of the bottom 50%. Many strategies have been …
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Taking the Leap into Entrepreneurship
with Botswana entrepreneur Nametso Matlhaga Every entrepreneur is familiar with the feeling of trepidation just before taking the leap to begin a new business or become an entrepreneur: Do I have what it takes? Is it worth it? How do I start? Getting through this stage usually requires validating ideas and exploring to understand more …
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“My purpose in life is to help other people’s development skills,”- Haythem Dabbabi
How Robots in Tunisia Are Helping Young African Girls get into STEM It has been predicted that by the next decade, more than 50% of all jobs around the world will be STEM-based (Science, Technology, Engineering and Mathematics). Newsflash: It’s already happening! In the midst of lockdowns and social distancing brought on by the pandemic, …
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“Perseverance is one of the key elements for running a business,” – Paul Nyambe
It’s All about a Long-term View If success is the goal, then it can be said that perseverance is the engine. Few individuals are able to achieve great things without first overcoming the obstacles that stand in their way. Many individuals who decided to set out on their own are familiar with the hardest part …
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What it Takes to Support Women Entrepreneurs in Africa
Women entrepreneurs continue to experience a high financial gap, less support and lower profits than their male counterparts. According to publicly available research, women entrepreneurs across sub-Saharan Africa continue to earn lower profits than men (34% less on average). To address these, most organisations and countries have recognised the need to target the underlying social …
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Putting in the Work to Reset Africa
As the crisis of the Covid-19 pandemic grew, so did conversations on the recovery plan for the African continent which had relatively been spared the intensity of health challenges but hit hard by the economic challenges which arose as a result of the effects of lockdowns across the world. With several African countries, including South …
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