Business Hilights

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Tony Elumelu Foundation (TEF)

TEF to drive 3000 entrepreneurs in 2021, targets 50% female participation

In a bid to provide access to capital to entrepreneurs, the Tony Elumelu Foundation (TEF) has said its intervention is targeting about 3000 Small and Medium-sized Enterprises (SMEs) with a special focus on female entrepreneurs. This is even as the…

TEF holds Int’l Youth Day, harps on Engagement for Global Action

The Tony Elumelu Foundation (TEF) last week, joined the United Nations and other global organisations to mark the International Youth Day, with a line-up of pan-African speakers discussing the theme, “Investing in Africa’s Future: Youth Empowerment through Entrepreneurship”. The event…

TEF gives out 1st tranche of $5m Partnership Commitment from AfDB

Chairman of UBA Plc., and Founder of Tony Elumelu Foundation (TEF), Mr Tony Elumelu, has congratulated the African Development Bank (AfDB), and it’s President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to…

10 years impacts driving TEF to grow more entrepreneurs across Africa

Fulfilled by strategic carrier development impacts so far made on participating African youths in the last ten years, the Tony Elumelu Foundation Entrepreneurship Programme (TEFEP) seems poised to empower more African start-ups via business training. Business Hilights recalls that the…

Africa: TEFConnect opens entries for 2020 TEFEP till March ending

Leading continental entrepreneurial training group, the Tony Elumelu Foundation (TEF) has opened its application portal (www.tefconnect.com) for applications from African entrepreneurs across all African countries, for the 2020 cohort of the Tony Elumelu Entrepreneurship Programme (TEEP). In 2019, 3,050 African…

AfDB approves $5m grant to scale up TEFEP in Africa

The Board of Directors of the African Development Bank (AfDB) has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme (TEFEP) to scale up its outreach and impact to 1,000 select youth entrepreneurs in the…

TEF opens entries for 2020 TEF Entrepreneurship Programme on January 1

Africa’s leading philanthropy dedicated to empowering African entrepreneurs, the Tony Elumelu Foundation (TEF), has said it will kickoff acceptance of applications for the 2020 cohort of the TEF Entrepreneurship Programme, effective Wednesday, January 1, 2020. In line with its official…

Elumelu in Paris summit, seeks private equity inflow into Africa’s SMEs

Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA), Mr Tony Elumelu, has stressed the importance of private equity inflow into Africa, with a focus on investing in small and medium scale businesses, the lifeblood…

Hard work, Discipline and Sacrifice key drivers of Entrepreneurship—Elumelu

Self-styled campaigner of Africapitalism, founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA), Diokpa Tony O. Elumelu has charged entrepreneurs to embrace hard work, discipline and sacrifice on their entrepreneurial journey to success. Speaking at…

Just in: Elumelu seeks Japanese partnership to grow African Entrepreneurs

…AS TICAD7 ends in Yokohama Chairman of United Bank for Africa (UBA) and Tony Elumelu Foundation (TEF), Mr. Tony Elumelu has sent a strategic business message to Japanese private sector operators to “Come to Africa”. Delivering his keynote speech before…