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Tony Elumelu Foundation Celebrates 15 Years, Boosts 3,000 Entrepreneurs

4/3/2025

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Summary

Story summary

The Tony Elumelu Foundation (TEF) marked its 15th anniversary, introducing 3,000 entrepreneurs from 54 African nations in its 11th cohort, with US$15 million in grants.
Since 2015, TEF has supported 24,000 entrepreneurs, resulting in 1.5 million jobs and US$4.2 billion in revenue.
The foundation prioritizes training, mentorship, and youth investment to drive Africa's economic growth.
Co-founders Tony and Awele Elumelu promote transitioning from aid to investment in African infrastructure and businesses.

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Story summary

The Tony Elumelu Foundation (TEF) marked its 15th anniversary, introducing 3,000 entrepreneurs from 54 African nations in its 11th cohort, with US$15 million in grants.
Since 2015, TEF has supported 24,000 entrepreneurs, resulting in 1.5 million jobs and US$4.2 billion in revenue.
The foundation prioritizes training, mentorship, and youth investment to drive Africa's economic growth.
Co-founders Tony and Awele Elumelu promote transitioning from aid to investment in African infrastructure and businesses.