Tony Elumelu Foundation Trains Over 200,00 African Entrepreneurs Across 54 African Countries

Wednesday, June 16, 2021 / 05:50 PM / Tony Elumelu
Foundation / Image Header Credit: Tony Elumelu Foundation

The Tony Elumelu Foundation (TEF),
Africa’s leading philanthropy empowering young African entrepreneurs from all 54
African countries, has
successfully trained over 200,000 entrepreneurs in core business management skills as part
of its 2021 TEF Entrepreneurship Programme.

 

The Business Management training
was conducted exclusively on TEFConnect,  the
Foundation’s proprietary digital platform that provides
capacity-building support, advisory and market linkages to over 1 million
Africans and counting.

 

The
TEF Entrepreneurship Programme Business Management Training equips
entrepreneurs with critical skills required to launch and run their businesses
at the early growth stage. With a unique curriculum that encompasses topics on Starting
Your Business, Business Management & Fundamentals, Leadership
& Business Growth, Selecting and Building a Team, amongst
others, entrepreneurs are effectively armed to achieve business growth,
profitability, and sustained success.

 

Entrepreneurs
were hosted to weekly information sessions, as part of the training, to address
relevant concerns and share vital programme updates. All entrepreneurs received
active support from coaches and mentors who provided technical guidance, counsel,
and one-one interaction throughout the duration of the training programme.

The training, which is one element of the
7 pillars of the TEF Entrepreneurship Programme, was carried out in the official African languages including English, French, Portuguese, and Arabic, and over 40 percent of trained participants were women.

 

Commenting
on this milestone, Ifeyinwa Ugochukwu, CEO of the Tony Elumelu Foundation,
said “Every
year, our commitment to transform Africa is further strengthened with the
passion, resilience and talent of the high-calibre entrepreneurs who onboard
our flagship programme. Our curricular provides a holistic opportunity for
entrepreneurs to learn, grow and contribute to the development of their
communities.”

 

The
Chief Executive Officer added: “Furthermore, it is a testament to the eagerness
and readiness of African entrepreneurs across all of Africa to make themselves
available to transform the continent for good. I
would like to commend these entrepreneurs for their discipline, dedication and
hard work throughout the training and look forward to the immense impact of
their businesses across diverse sectors in Africa. We
remain committed to empowering African entrepreneurs with the required resources
and support that will ensure that their businesses can scale and drive
sustainable change on the continent”.

 

The TEF Entrepreneurship Training
is immediately followed by a Business Plan review process for each
entrepreneur. The top-performing entrepreneurs subsequently participate in the
Pitching phase of the Programme after which successful entrepreneurs receive a
non-returnable seed capital of US$5000 each.

 

The leading African philanthropy also hopes to train and empower thousands more across the African continent as part of
its commitment to catalyze economic growth, drive poverty eradication and
ensure job creation.

 

In
2020, the Tony Elumelu Foundation marked ten years of impact, having empowered
and funded nearly 10,000 African entrepreneurs from all 54 African countries as part of its US$100 million TEF
Entrepreneurship Programme. The Tony Elumelu Foundation is
inspired by Tony Elumelu’s economic philosophy of Africapitalism, which positions the private
sector, and most importantly entrepreneurs, as the catalyst for the long-term
social and economic development of the African continent.

 

To
learn more about the Tony Elumelu Foundation, please visit TonyElumeluFoundation.org; and to receive the
Foundation’s free business training, please visit TEFConnect.com.

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