the tef Impact
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At the core of the Tony Elumelu Foundation Entrepreneurship Programme’s Growth Pathway is the belief that luck should be democratized and that every “small idea” has a chance to be successful while making an impact. At the base of the pathway are the millions of Africans with great ideas and passion, lacking necessary access to business capital, capacity development, and most of all, a suitable ecosystem for growth and development- which leaves them stuck in poverty and living below their immense potential.
To alleviate these socioeconomic challenges, partnerships between the public, civic, development and private sectors can help to deliver the capital and support required to effect seismic change.
The Tony Elumelu Foundation is committed to providing Africans from all 54 African countries and all backgrounds with life-transforming opportunities. We are confident in the invaluable impact of targeted support, good governance, and an enabling environment, and are staunch advocates for business-friendly policies and SME support. Ultimately, our goal is to ensure SME growth regardless of the level of capital investment.
In addition to encouraging healthy business ecosystems through training, funding, and upskilling African entrepreneurs across the continent, we also commit extensive resources to ensure the businesses we have funded are able to survive long after they have been established.
With the intervention of the Tony Elumelu Foundation, alongside our global partners, we look forward to the growth of more African SMEs helping to create jobs, providing consumers with better services, increasing innovation and competition, improving the business landscape, and delivering social benefits. Micro, Small, and Medium Enterprises increase the contribution of the private sector in stimulating sustainable economic development across Africa.
Funded Entrepreneurs from across 54 African countries: the largest network of entrepreneurs across Africa.
$80M+
Invested over USD80 million as seed capital to support the kick-off and growth of businesses.
409K+
New jobs created across the continent.
6,300+
Women-owned businesses that have received funding.
134K+
of TEF Entrepreneurs provided support through advocacy and sensitisation on COVID-19.
35K+
Directly contributed to the empowerment of over 35,000 women across Africa.
23/30
of 30 TEF Alumni believe that the TEF Alumni network has contributed to an improved performance of their businesses.
10K+
TEF strategic business webinars and masterclasses designed to provide insights on topics that can help entrepreneurs weather the storm and remodel their businesses, especially in the areas of business growth and innovation in the face of the COVID-19 pandemic.
17 UN SDGs
through the Entrepreneurship Programme, have been directly impacted by the Tony Elumelu Foundation.
1.65M+
Followers of TEF across social media.
of Entrepreneurs say the programmes and tools have helped them to constantly innovate and improve their products and services, and as a result, stay in business.
25.31%
TEF Entrepreneurs say their business supported the donation of relief materials.
$4M
13%
TEF Entrepreneurs have diversified their business operations to address new COVID-19 related needs.
1.5M+
23/25
20+
Footprint in over 20 key sectors in the continent, contributing to the growth of high-performing businesses across key sectors in Africa.
TEF Entrepreneurs report that the programme and platforms have provided them with guidance on corporate governance of business, ensuring longer lifespan.
18/20
9/10
in every 10 TEF entrepreneurs believe that TEF platforms and tools have given them opportunities to learn and gain insights from other entrepreneurs within their countries and in other African countries.
of TEF Entrepreneurs have diversified their business operations to address new COVID-19 related needs in their communities.
10K+
TEF strategic business webinars and masterclasses designed to provide insights on topics that can help entrepreneurs weather the storm and remodel their businesses, especially in the areas of business growth and innovation in the face of the COVID-19 pandemic.
of entrepreneurs across TEF networks rely on these platforms and tools for industry insights across Africa.
100K+
people have benefitted from TEF’s strategic business webinars and masterclasses designed to provide insights on topics that can help entrepreneurs and their businesses.
of TEF Entrepreneurs supported the donation of relief materials in their communities.
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