Tony Elumelu Foundation’s Event on October 25 will see a lot of participation from startups, investors and corporates alike
Tony Elumelu Foundation’s Event on October 25 will see a lot of participation from startups, investors and corporates alike

Tony Elumelu Foundation (TEF) will be providing training to as many as 74 Kenyan Entrepreneurs. The annual event is going to be held on October 25th in Lagos, Nigeria. The training is expected to be twelve week long intensive induction.

The number of trainees have been selected on the basis of innovative and high potential ideas which will be joined by 1000 other African entrepreneurs which will be leveraging benefit out of such opportunity.

About Tony Elumelu Foundation

TEF is a philanthropic platform that majorly focuses on African entrepreneurs. It is led by Tony Elumelu, CEO of United Bank of Africa. TEF Entrepreneurship Forum is an event which brings together the budding entrepreneurs along with policy makers and stakeholders in private sectors for robust interaction and healthy debates.

tony+emeluPresident Uhuru Kenyatta (right) with Tony Elumelu, Chairman of United Bank for Africa and Founder of the Tony Elumelu Foundation at State House, Nairobi. FILE PHOTO | NMG
President Uhuru Kenyatta (right) with Tony Elumelu, Chairman of United Bank for Africa and Founder of the Tony Elumelu Foundation at State House, Nairobi. FILE PHOTO | NMG

Eye on Past Activities

The foundation claims to have spent N2 Billion (~5.5M USD) towards their mission of catalysing economic and social development in Africa through entrepreneurship. Tony Elumelu Foundation has directly impacted 4,460 entrepreneurs and is beginning to see tangible outcomes in terms of job creation and other ripple effects. The platform has been successful in attracting more applications year on year basis.

What to look forward to this year

Supposedly, the largest gathering of African entrepreneurs will be witnessing a whopping number of 5000+ entrepreneurs, global investors, business leaders from African private and public sectors at the venue.

The Forum will also include an interactive session with the President of Kenya, Uhuru Kenyatta (as Chief Guest) and President Nana Akufo-Addo of Ghana, moderated by the philanthropist and TEF founder, Tony O. Elumelu.

This event will also finally unveil the largest digital platform for African Entrepreneurs called TEFConnect initiative. The initiative definitely seems to be gaining significant traction as this year’s edition is reported to have attracted over 151,000 applications from up to 114 countries worldwide. This is an amazing and remarkable growth from the 20,000 applications seen only three years ago.

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