The Leading Philanthropy in Africa: Tony Elumelu Foundation
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), the leading philanthropy empowering young African entrepreneurs from across all 54 African countries, also announced the selected list for the 2023 TEF Entrepreneurship Programme.
- Tony Elumelu Foundation has now disbursed over $100million in direct funding to 20,000 young African entrepreneurs from across all 54 African countries.
- The Foundation recently published its Impact Report demonstrating beneficiaries have created over 400,000 jobs and generated $2.5billion in only a few years.
- The Foundation is currently receiving applications for its 2024 TEF Entrepreneurship Programme on TEFConnect.com
Top 5 Philanthropists Supporting Africa’s Development
In the Business Insider Africa article, Beny Steinmetz was also recognized for his philanthropic endeavours. Steinmetz, Chairman and Co-Founder of the Agnes and Beny Steinmetz Foundation, shares a commitment to advancing Africa’s development.
Another notable philanthropic couple featured on the list is Dr. Precious Moloi-Motsepe and Dr. Patrice Motsepe. Since establishing the Motsepe Foundation in 1999, they have been dedicated to uplifting impoverished communities in South Africa, Africa, and beyond.
Among the esteemed philanthropic organizations mentioned are The Bill and Melinda Gates Foundation, renowned for its global impact, and the TY Danjuma Foundation, which focuses on enhancing the quality of life for Nigerians.
However, it’s Tony Elumelu Foundation’s unwavering dedication to empowering African entrepreneurs and driving sustainable change that continues to make a profound impact on the continent’s development trajectory.
As Africa strives for progress and prosperity, the Tony Elumelu Foundation stands as a beacon of hope, catalysing transformative change and creating opportunities for generations to come.
This article highlights the Tony Elumelu Foundation’s significant contributions to Africa’s development while acknowledging other notable philanthropic efforts in the region.
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.