NAIROBI, Kenya, Mar 25 – Over 130 Kenyan entrepreneurs have been selected in this year’s Tony Elumelu Foundation Entrepreneurship Programme, nearly double the 74 that were selected last year.
Over 3,000 African entrepreneurs, drawn from all 54 African countries, will be joining the 5th cycle of the $100million Programme
The selected Entrepreneurs will each receive non- refundable $5,000 of seed capital, access to mentors, and a 12-week business training programme, directly focused on the needs of African entrepreneurs.
The program received 216,000 applications this year, an increase from last year’s 151,000 with nearly 90,000 submitted by female entrepreneurs, an increase of 45 percent.
“Every year, we face an almost impossible task – to select 1,000 entrepreneurs, from the hundreds of thousands that apply. Our entrepreneurs are hungry to effect change. We know we are only scratching the surface, we see the depth of entrepreneurial talent, that all of us – government, business indeed African society, must harness to transform our economies and livelihoods. We must rally together to empower them and accelerate the change we want on the continent,” said TEF Founder, Tony O. Elumelu.
In her speech, Her Excellency, Mrs. Aisha Buhari, the wife of the President, Federal Republic of Nigeria, commended the Programme’s impact on the continent, charging the selected entrepreneurs to contribute to the advancement of the African continent.
“Indeed, I am confident that these Tony Elumelu entrepreneurs will inspire deep confidence and be of immense value not just to Nigeria but to the entire continent,” she said.
Marking the fifth anniversary of the 10-year programme, this year’s selection includes 2,050 entrepreneurs, supported by the Foundation’s partners in addition to the Foundation’s annual commitment of 1,000, bringing the total number of entrepreneurs empowered by the Foundation to date to 7,520.
The Foundation’s growing list of partners includes the International Committee of the Red Cross (ICRC), the United Nations Development Programme (UNDP), the Federal Republic of Benin (Seme City), the Anambra State Government, Indorama, the Government of Botswana and the African Development Bank (AfDB).
For a list of the selected 2019 Tony Elumelu Entrepreneurs and information on our applicants, please visit tefconnect.com.