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

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

A Few Steps To Grow Your Business

Growing your business takes a lot of work, thought and process. People tend to start up their businesses without any thought towards it's growth. I believe the success of a business does not just depend on customer patronage, but also business advancement. I would like to point out a few steps you can use in growing your business which i think would be really helpful: Getting customer feedback: Your customers are the best judges of your product and services. Feedback from people who use your product and services is the best way to know how and where to channel your improvements. Finding ways to better your product: Your goods and services may be great but there's always a way to make it better. You should put in effort to make your customers user experience better, giving them a reason to keep coming back to you and referring other people to come to you. Read about your business: The best way to gain knowledge about anything is to read about it. When you read you g...
Post a Comment
Read more

Top Ten Businessmen/Entrepreneurs in Nigeria

10 . Oba Otudeko Oba Otudeko CFR is a Nigerian businessman who serves as the founder and chairman of the Honeywell Group.   He also serves as chair of FBN Holdings and founder of the Oba Otudeko Foundation. As of June 2017, his estimated net worth was US$550 million. Ayoola Oba Otudeko was born in Ibadan, Oyo State, South-West Nigeria on 18 August 1943 to a royal family, thus making him an Omoba of the Yoruba people. Oba Otudeko studied Accountancy at the Leeds College of Commerce Leeds, Yorkshire, United Kingdom (which is now part of the Leeds Beckett University). Professionally, Oba Otudeko is a Chartered Banker, Chartered Accountant and a Chartered Corporate Secretary. Oba Otudeko has also attended executive management training programmes at International Institute for Management Development (IMD), Harvard Business School and Hult International Business School (then known as Arthur D. Little School of Management). Oba Otudeko was elected the 16th President of ...
2 comments
Read more