Story perspectives

UAE Partners with Tony Elumelu Foundation to Empower 1,000 African Entrepreneurs

2/18/2025

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Summary

Story summary

The Tony Elumelu Foundation collaborates with UAE partners to support 1,000 young African entrepreneurs through a $6 million initiative.
Each entrepreneur will receive $5,000 in seed capital, along with business training and mentorship.
This program aims to stimulate economic growth and tackle youth unemployment in Africa.
Since 2015, TEF has trained over 2.5 million Africans and provided $100 million in funding.
Applications are open until March 1, 2025.

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Story summary

The Tony Elumelu Foundation collaborates with UAE partners to support 1,000 young African entrepreneurs through a $6 million initiative.
Each entrepreneur will receive $5,000 in seed capital, along with business training and mentorship.
This program aims to stimulate economic growth and tackle youth unemployment in Africa.
Since 2015, TEF has trained over 2.5 million Africans and provided $100 million in funding.
Applications are open until March 1, 2025.