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Tag Archives: Tony Elumelu Foundation (TEF)

Elumelu meets presidents, drills East African youths on basic entrepreneurship keys

Tony Elumelu speaks

In line with his self-styled Africapitalism drive, the Chairman of United Bank for Africa (UBA) and founder, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, is currently touring East African countries with his strategic campaign designed to deepen entrepreneurship and infrastructure growth in the continent. A statement issued by the group, revealed that Elumelu is on a five-day working visit to ...

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TEF picks 1,250 out of 151,692 applicants for 2018 Entrepreneurs programme

TEF 2018

The Tony Elumelu Foundation (TEF) on Thursday in Lagos, announced 1,250 successful African entrepreneurs with the most innovative, high-potential business ideas that will participate in the 2018 Entrepreneurship programme. The 4th ‎cycle selection was made out of over 151,692 applications received from around 114 countries in the continent as part of the ongoing 10-year, $100 million TEF Entrepreneurship Programme. A ...

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Dangote, Elumelu at Davos, call for multilateral support for African entrepreneurs

Dangote Davos

Leading African richest man, investor and industrialist, Alhaji Aliko Dangote and his compatriot, Mr. Tony Elumelu who doubles as the chairman of United Bank for Africa (UBA) Plc, and founder, Tony Elumelu Foundation (TEF), have stressed called for more realistic support the much-needed growth in the African continent by supporting entrepreneurs. According to them, time has come for global organisations ...

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Northern youths’ being lowest applicants in TEF seed money discouraging—UBA

Elumelu Tony

The Jos Branch Manager of the United Bank for Africa (UBA), Mr. Ezekiel Shammah, has expressed displeasure on what he described as very poor turnout for the application to access business start-up grants offered by the Tony Elumelu Foundation (TEF) across the states of the North. Recall that TEF had so far empowered 3,000 young entrepreneurs in Africa, and the ...

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Elumelu Foundation unveils 4th cycle of entrepreneurship scheme

Elumelu Tony

To deepen its ongoing Africapitalism drive this year, the Tony Elumelu Foundation (TEF) Entrepreneurship Programme has launched the 4th cycle of the initiative. Chief Executive Officer of the non-governmental organization (NGO),  Parminder Vir,  said “we are happy to announce that the 2018 search for 1,000 of Africa’s most promising entrepreneurs has begun! We are now accepting applications for the 4th ...

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Elumelu hits back at Discos, calls for new investors


Chairman of United Bank for Africa (UBA) Plc and Transnational Corporation Plc, Mr. Tony Elumelu, has observed poor services delivery and asked the Federal Government to immediately review the entire process that lead to the emergence of current service providers. Speaking at the ongoing 23rd Nigerian Economic Summit in Abuja, he argued that for the economy to move forward time ...

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Elumelu Foundation plans to host 1,300 African Entrepreneurs


All is set for third edition of the Tony Elumelu Foundation (TEF) Entrepreneurship Forum was slated for October 13. Currently, TEF is Africa’s leading philanthropy, galvanizing over 1,300 African Entrepreneurs, Business leaders and Policymakers from 54 countries in Lagos annually. Briefing the media weekend, TEF’s Chief Executive Officer, Mrs. Parminder Obe, said the 2017 invitation had been extended beyond the ...

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What I want to see is Africans investing in Africa—-Elumelu

Tony Elumelu

The Chairman of Heirs Holdings, and the Tony Elumelu Foundation (TEF), Tony Elumelu, has begun a new continental campaign designed to drive massive in-continent investments by citizens of the African continent. Speaking in Kigali, Rwanda at the recent African Export-Import Bank (Afreximbank) on ‘Cross-Border Investments as a Driver of Intra-African Trade and Industrialisation: Reflections from a Continental Business Leader,’ he ...

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