The Tony Elumelu Foundation

Last updated

The Tony Elumelu Foundation
Founded2010
FounderTony O. Elumelu
TypeNGO
HeadquartersLagos, Nigeria
Area served
Africa
Website Tonyelumelufoundation.org

The Tony Elumelu Foundation (TEF) is an African non-profit organization founded in 2010 by Tony O. Elumelu and headquartered in Lagos, Nigeria. [1] It is a pioneer member of the Global Impact Investment Rating System (GIIRS). [2] So far, the Foundation has empowered over 18,000 African entrepreneurs across 54 African countries. [3]

Contents

History

The Tony Elumelu Foundation (TEF) was founded in 2010 by Nigerian businessman Tony O. Elumelu, as an extension of his unwavering belief in the youth as catalysts for Africa's transformation. The Tony Elumelu Foundation, the leading philanthropy empowering a new generation of African entrepreneurs, has become the hallmark for Africa's sustainable development through jobs creation, poverty eradication and women's economic empowerment.

The Foundation's mission is rooted in Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent.

In 2015, TEF consolidated its various programmes and Initiatives and made investing in Africa's next generation of entrepreneurs and business leaders a priority. The future of the Tony Elumelu Foundation centres on the provision of structured, robust, and multifaceted support to entrepreneurs around Africa through the Tony Elumelu Foundation Entrepreneurship Programme; a 10-year US$100 million commitment to identify, train, mentor and fund 10,000 young African entrepreneurs across 54 African countries.

Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on www.tefconnect.com, Africa's largest digital entrepreneurship ecosystem, and disbursed nearly US$100 million in direct funding to over 18,000 African women and men, who have collectively created over 400,000 direct and indirect jobs.

Programmes

Past Activities

A leading light in African philanthropy, [12] TEF has relationships with several other organisations around the world. [13] [14]

Global Entrepreneurship Summit, Kenya, 2015

During the Global Entrepreneurship Summit that was opened by President Barack Obama, three Tony Elumelu Entrepreneurs were part of the official GES programme and gave "Ignite talks" on their entrepreneurial journey to the global audience including President Obama and President Kenyatta of Kenya. [15] [16] Shadi Sabeh, CEO Brilliant Footsteps Academy, Nigeria; Tonee Ndungu, Founder, Kytabu, Kenya; and Jean Patrick Ehouman, co-founder and President, Akendewa in Côte d'Ivoire were the speakers representing their companies and are beneficiaries of the Tony Elumelu Foundation. [17]

World Economic Forum on Africa, Kigali, 2016

"Unleashing Africa's Agricultural Entrepreneurs", the Foundation's report on the potentials of agribusinesses in transforming the continent, was launched on the sidelines of the 26th World Economic Forum on Africa in Kigali, Rwanda, 11–13 May 2016. Elumelu was also one of the co-chairs of the forum.

Tony Elumelu Entrepreneurs: Transforming Africa

In June 2016, Tony Elumelu Entrepreneurs: Transforming Africa, a 30-minute documentary film chronicling the story of the Foundation's Entrepreneurship Programme. The documentary has since premiered in different cities across the world from Paris [18] to St. Gallen, Kigali, Lagos and London.

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Mavis Nduchwa, also known as Rewana Nduchwa, was the founder and CEO of the agribusiness Chabana farms, which also trades as Kalahari Honey. The wife and mother to two beautiful sons born in April 2014 and April 2017 She is a motswana entrepreneur, who is one of the 2020 Jack Ma foundation top 50 Africa Business Heroes finalist.

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References

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