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The Tony Elumelu Foundation opens applications for its $5000 2022 Entrepreneurship Programme

Story Highlights
  • The programme is open to African entrepreneurs from all 54 African countries
  • Selected entrepreneurs will receive $5000 seed capital, mentorship, business management training
  • Applications for the Tony Elumelu Foundation Entrepreneurship Programme close on Maarch 31st

The Tony Elumelu Foundation (TEF) has opened applications for the 2022 TEF Entrepreneurship Programme.

The programme is open to African entrepreneurs with business ideas or existing businesses under 5 years from all 54 African countries. Selected entrepreneurs will receive $5000 seed capital, mentorship, business management training and more on the 2022 Tony Elumelu Foundation Entrepreneurship Programme.

Since 2015, the TEF Entrepreneurship Programme has empowered 15,847 African entrepreneurs with non-returnable seed capital of $5,000 each; twelve weeks of business management training; access to experienced mentors; and membership to Africa’s largest entrepreneurial ecosystem.

In 2021, the Tony Elumelu Foundation disbursed USD$24.75 million to 5000 African entrepreneurs across Africa for its 2021 Entrepreneurship Programme. The Foundation’s Entrepreneurship Programme remains one of the largest private sector responses to driving the economic recovery of African youth, women and SMEs given the effects of the covid19 pandemic across Africa.  Across Africa, the Tony Elumelu Foundation Entrepreneurship Programme beneficiaries are starting and growing trailblazing businesses that have collectively created over 400,000 direct and indirect jobs.

“We are constantly blown away by the quality of businesses that come from Africa every year. This motivates us to scale our efforts to empower even more entrepreneurs on continent. The innovation, knowledge and resilience of African entrepreneurs is central to charting Africa’s socio-economic transformation and meet the continent’s development objectives. We are also proud of the increase in female participation on our Programme, especially with the 2021 cohort where we witnessed a record 68% selection of women entrepreneurs.”  Ifeyinwa Ugochukwu, CEO of the Tony Elumelu Foundation, said.

The Tony Elumelu Foundation Entrepreneurship Programme is open to entrepreneurs across Africa: new start-ups and existing young businesses, operating in any sector.

Interested entrepreneurs can submit their applications here. Applications close on Maarch 31st.

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Nixon Kanali

Tech journalist based in Nairobi. I track and report on tech, business and African startups. Founder and Editor For TechTrendsKE. Nixon is also the East African tech editor for Africa Business Communities. Send tips to nkanali@techtrendske.co.ke.

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