!!

Welcome Guest

You are viewing this forum as a guest therefore You are Not Allowed to Post and Reply and You are not allowed to view links. Register or Login

collapse

* Search


* Recent Replies

Website Showcase - Drop Your Website Link(s) Here by [Not Shown, Login to View]
[Sep 19, 2018]


Site contributor click in Google Ads by [Not Shown, Login to View]
[Sep 19, 2018]


How to Apply for Payoneer Card and US Payment Service to Receive Amazon & others by [Not Shown, Login to View]
[Sep 19, 2018]


Ads plugins by [Not Shown, Login to View]
[Sep 14, 2018]


European Union laws by [Not Shown, Login to View]
[Sep 14, 2018]


price for a web design project by [Not Shown, Login to View]
[Sep 12, 2018]


my first website online by [Not Shown, Login to View]
[Sep 11, 2018]


WordPress on whogohost by [Not Shown, Login to View]
[Sep 07, 2018]


User ID Pageviews Plugin by [Not Shown, Login to View]
[Sep 07, 2018]


facebook ads by [Not Shown, Login to View]
[Sep 07, 2018]


How to Start Amazon affiliate marketing by [Not Shown, Login to View]
[Sep 07, 2018]


Possibility of Monetizing YouTube using a Nigerian postal address,etc ? by [Not Shown, Login to View]
[Sep 07, 2018]


Can I Build an Ecommerce Site Using Blogger? by [Not Shown, Login to View]
[Sep 04, 2018]


Creating public opinion poll on a website by [Not Shown, Login to View]
[Aug 17, 2018]


Add A Second Admin To Word press Site by [Not Shown, Login to View]
[Aug 17, 2018]


Google page ranking discontinued. by [Not Shown, Login to View]
[Aug 17, 2018]


Amazon registration in becoming an affiliate 2016 by [Not Shown, Login to View]
[Aug 17, 2018]


How to become a money maker agent by [Not Shown, Login to View]
[Aug 10, 2018]


Adding Widget to Feedburner by [Not Shown, Login to View]
[Aug 02, 2018]


Am sorry for my long break,am happy am back by [Not Shown, Login to View]
[Jul 18, 2018]


Another Course Update - Introducing Fast Track M.O.B by [Not Shown, Login to View]
[Jul 17, 2018]


Pop up ads wordpress plugin by [Not Shown, Login to View]
[Jul 14, 2018]


Information on Google Adwords by [Not Shown, Login to View]
[Jul 13, 2018]


Can I embed Images in my Blog Along With Adsense? by [Not Shown, Login to View]
[Jul 13, 2018]


Amount of Disc Space for A News Site by [Not Shown, Login to View]
[Jul 13, 2018]


Which Chamber, 1, 2 or 5? by [Not Shown, Login to View]
[Jul 13, 2018]


Amazon Identity Verification by [Not Shown, Login to View]
[Jul 13, 2018]


Building With WordPress: Can't find some plugins by [Not Shown, Login to View]
[Jul 13, 2018]


New Facebook page for every new business idea you want to promote? by [Not Shown, Login to View]
[Jul 13, 2018]


Growing Followers on Social Media by [Not Shown, Login to View]
[Jul 13, 2018]

Author Topic: Tony Elumelu Foundation and entrepreneurship revolution in Africa  (Read 561 times)

0 Members and 1 Guest are viewing this topic.

Offline [Not Shown, Login to View]

  • Forum Guide
  • Level 4 (Dedicated)
  • ******
  • Posts: 1056
  • Respect: +267
  • Gender: Male
  • Location: Ibadan, Oyo State of Nigeria
  • 1st Chamber
  • My Rank: 88
If you have ever created a business idea or attempted running a business, you would no doubt confirm that major challenges revolve around issues bordering on funding, capacity acquisition and non-congenial business ecosystems. No wonder it is estimated that up to 95 % of entrepreneurs in Nigeria fail in the first three years.

But The Tony Elumelu Foundation (TEF) is clearly not content with this weak and counterproductive profile of entrepreneurship in Africa. The Tony Elumelu Foundation Entrepreneurship Programme (TEEP) seeks to re-write the experiences of entrepreneurs in Africa, towards empowering African entrepreneurs to create wealth, jobs and improve general well being on the African continent.

TEEP makes available the sum of $100 million for the next ten years.  The TEF states that the programme will “identify and help grow an initial 10,000 start-ups and young businesses from across Africa over the next 10 years, targeting the creation of 1,000,000 new jobs and $10 billion in annual revenues”.

That this bold and unprecedented initiative is coming from TEF, a Foundation founded by Tony O. Elumelu, a classic  successful African entrepreneur, one who “was made in Africa” and also “made it in Africa”. Tony Elumelu, Chairman of Heirs Holdings Limited, an African Investment company with interests across economic sectors, Chairman of UBA Group and Transcorp PLC major conglomerates  recounts that in his over twenty years experience in banking he has met hundreds of entrepreneurs across Africa who are really handicapped by poor access to mentoring,   funding and support to actualize their dreams. For Tony Elumelu and rightly too, “ entrepreneurship is how we take ownership and demonstrate leadership in our continent’s affairs … entrepreneurship means you no longer have to wait to see who will give you a job, you can seize the opportunity to secure your future…. African entrepreneurs need opportunities in the form of mentorship, capital and business ecosystems that favour their success”.

In launching this $100 million entrepreneurship programme, Tony Elumelu says his “life has come full-circle”. Considering himself a “lucky entrepreneur” Elumelu says he seeks to “institutionalize” the luck or good fortune he benefitted from early in his career through this intervention. He hopes that at the end of this “decade of entrepreneurship” TEF would “have laid the groundwork for thousands of businesses to grow and flourish across the continent, creating new partnerships and trade routes both within Africa and Internationally”

Budding African entrepreneurs living and operating anywhere in the 54 countries in Africa are entitled to apply for this TEF entrepreneurship programme which will support 1000 startups every year for the next ten years with $10,000.  Entries for the 2015 edition of the TEEP will open from January 1 2015 up to March 1 2015. Targeting to receive a minimum of 10,000 applications yearly, a credible selection committee will select the best 1000 without regard to nationality, age, language, and region but with much consideration for bankable businesses that can create wealth and value in Africa.
Successful applicants will be enrolled in a 12 week learning programme. On successful completion of this programme they will be eligible to access funding which is available in two tranches – A $5million seed capital and a $5 million debt or equity capital.

No matter how one assesses the TEEP, it is certain that this intervention is not only huge in terms of sum committed but also in the numbers of the entrepreneurs it will support and jobs to be created. It is a historic and unprecedented opportunity that no budding entrepreneur should miss. For further insight into The Tony Elumelu Foundation Entrepreneurship programme visit: You are not allowed to view links. Register or Login .

Source: You are not allowed to view links. Register or Login


Knowledge Is Power – Seek For It

Offline [Not Shown, Login to View]

  • Administrator
  • Level: Mentor
  • ******
  • Posts: 303816
  • Respect: +12017
  • Gender: Male
  • Location: Benin City
  • 34th Chamber
  • My Rank: 13
This is very laudable. Hope more wealthy Africans will follow his example
Success is a state of the mind

 

Related Topics

  Subject / Started by Replies Last post
The Areghan Method of Keyword Research

Started by [Not Shown, Login to View] General Questions

7 Replies
1095 Views
Last post Jun 17, 2013
by [Not Shown, Login to View]
0 Replies
515 Views
Last post Mar 20, 2014
by [Not Shown, Login to View]
3 Replies
733 Views
Last post Jan 30, 2015
by [Not Shown, Login to View]
3 Replies
1497 Views
Last post Feb 18, 2015
by [Not Shown, Login to View]

TinyPortal © 2005-2011
SimplePortal 2.3.5 © 2008-2012, SimplePortal