Apply Now for the African Entrepreneurship Grant 2024 and Secure $5,000 in Seed Capital
Tuesday, 23 January 2024
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In the quest to empower African entrepreneurs, the Tony Elumelu Foundation invites applications for the 2024 Entrepreneurship Programme. Successful applicants stand to receive a non-returnable seed capital of $5,000, a pivotal step toward turning business dreams into reality.
Established in 2010, the Tony Elumelu Foundation has been a driving force in fostering entrepreneurship across Africa. The flagship Entrepreneurship Programme, launched in 2015, has forged impactful collaborations with various organizations, contributing significantly to the economic recovery and development of the continent. CONTINUE READING.....
In 2021, the Foundation disbursed an impressive $24.75 million to 5,000 African entrepreneurs, making it one of the largest private sector responses to the economic challenges faced by African youth, women, and SMEs in the wake of the COVID-19 pandemic. The testimonials of past beneficiaries, such as Paul Depooter Kabeya, Freddie Shava, and Mechi Amaah, attest to the transformative power of the programme.
Looking ahead, the Tony Elumelu Foundation is set to enhance its commitment with the Coalition for African Entrepreneurs, aiming to support 100,000 young African entrepreneurs, including 50,000 women, by 2033. This initiative focuses on fragile states, women’s entrepreneurship, and green entrepreneurship, inviting collaboration from various sectors to drive economic empowerment. CONTINUE READING....
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Expert analysis underscores the program's effectiveness in providing multi-sector support to diverse groups of entrepreneurs, addressing barriers such as funding and knowledge. The Tony Elumelu Foundation remains committed to reaching across sectors and geographies, targeting female empowerment and growth in fragile states.
As the flagship TEF Entrepreneurship Programme nears its 10-year milestone, the Tony Elumelu Foundation invites aspiring entrepreneurs to apply for the 2024 Entrepreneurship Programme. This is a golden opportunity to be part of a transformative journey towards entrepreneurial success, with the chance to secure $5,000 in seed capital.
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