Skip to main content

Tony Elumelu Foundation to Open Applications for the 2020 TEF Entrepreneurship Programme on January 1, 2020



The Tony Elumelu Foundation (TEF) is an African private-sector-led philanthropy dedicated to empowering African entrepreneurs — will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020.

Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation.

The TEF Entrepreneurship Programme is open to entrepreneurs from across Africa, either with new startup ideas or existing businesses of less than 3 years existence, operating in any sector. Successful applicants will join the over 9,000 current beneficiaries, from 54 African countries, and receive business training, mentoring, a non-refundable $5,000 of seed capital and global networking opportunities.

Last year, the Foundation received about 216,000 applications, with 42% coming from women entrepreneurs, from every country on the continent.


The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 young African entrepreneurs. The goal is to create millions of jobs and the revenue required for the sustainable development of the continent, implementing the philosophy of Africapitalism, which positions the private sector as the growth engine for Africa and emphasizes the importance of creating social and economic wealth.


According to the Foundation’s 2018 Impact Report, 70% of the total number of businesses in its alumni network was still operational two years after benefitting from the Programme. The report also identified an increase of 189% revenue generated and 197% increase in the number of additional jobs created by beneficiaries post-graduation from the Programme, as well as a 100% commitment to the Sustainable Development Goals.

Source: https://www.tonyelumelufoundation.org/press-releases/

Comments

Post a Comment

Popular posts from this blog

Coronavirus: 5 Vital Tips To Stay Productive While Working From Home

With the outbreak of the novel corona virus, many companies and organisations have had to go on lock down. Directives have been given for those who can work from home to do so, thanks to modern technology. In case you find yourself in the category of those who have to work from home, below are tips on staying productive. 1.        Create a Work space Now that your home is your temporary office, it is advisable that you designate a part of the house as your work space. Avoid choosing the bed, sofa or TV area. This is to ensure you keep leisure and work spaces well defined. 2.        Prioritize your tasks For every day you need to work, make a list of the things you need to get done and in the order in which they need to get done as soon as possible. This will help you move forward and achieve your objectives. 3.        Create a work schedule Now that you are working remotely,...
Post a Comment
Read more

5 Hunting Job Mistakes To Avoid

If you do not want your job hunt to be a demoralizing, difficult and a futile attempt, you have to cut out several mistakes. The fact is not many potential employees know what they are getting wrong. They seem to fulfill all the requirements, have a splendid-looking resume but still cannot land a job. If you’re one of such people with an unsuccessful job hunt in 2019, avoid these 5 mistakes to stand a better chance in the future.  1. Beating Around The Bush It’s 2020 and employers are even more interested in what you can bring to the table. What value can you add to their organization? Rather than go on and on about all you’ve ever done, focus more on what you’ve accomplished. Employers are particularly interested in the main features and highlights of your ability to fit in to what they have. This means you’ll be better served when you indicate areas of your career that generate more interests. 2. Taking Rejection Personally Rejection is definitely part of th...
Post a Comment
Read more

5 Things To Note As Workplace Reopens

As Lagos, Nigeria's commercial capital, opens up after being on lockdown for over a month due to the COVID-19 pandemic, health and safety concerns of workers have come under the heavy spotlight. It is important to take a measured approach to ensure all employees do not return to work, infect or get infected so as not to jeopardize the frailty of the current battle against the virus. For employers whose employees have to return to work, the five safeties and health approach below are just a few steps to note before throwing those doors open on Monday, May 4, when full activities are expected back to life in West Africa's most populous city. The 5 approaches include: ·         Hazard elimination, which means keeping employees at home, a strategy that works for some, but not others, and won't lead to full economic recovery. ·         Personnel substitution, in this case initially bringing back jus...
Post a Comment
Read more