Somachi Chris-Asoluka hosted visiting partners from African Development Bank Group
Yesterday, Our CEO, Somachi Chris-Asoluka hosted our visiting partners from the African Development Bank Group.
The meeting discussed new opportunities to renew our partnership and further our shared goals of driving job creation on the African continent through entrepreneurship.
In 2019, the African Development Bank (AfDB) and the Tony Elumelu Foundation (TEF) signed a US$5 million partnership where we funded an additional 1,000 young African entrepreneurs, igniting a ripple effect of innovation and prosperity across the continent. The published impact report of this partnership demonstrates the multiplier effect of our model of catalysing young entrepreneurs.
Click the link below to read more about #TEFImpact
TEF Impact Reports
We remain committed to forging stronger partnerships and building a brighter Africa, hand in hand.
About The Tony Elumelu Foundation
The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries, and ensuring inclusive economic empowerment. Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed nearly USD$100 million in direct funding to 18,000 African women and men, who have collectively created over 400,000 direct and indirect jobs. The Foundation’s mission is rooted in Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent
