Tony Elumelu Foundation- Reshaping Africa’s Development

Tony Elumelu Foundation
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The Tony Elumelu Foundation (TEF) entrepreneurship programme has since its inception in 2015, been rapidly recognized as every African entrepreneur’s (startup) dream platform to be established and empowered. Not only does it provide entrepreneurs with grants, it comes with a priceless 3 weeks mentorship and an opportunity to network with other entrepreneurs; this is a 3-in-one package.

It was projected initially that TEF will give grant of $100 million to a selected few entrepreneurs over the course of 10 years, with an estimated number of 10,000 benefactors. But, in just 5 years, the TEF entrepreneurship programme is closing in on the numbers estimated. As of June 2020, a total number of 9,360 African entrepreneurs have been empowered. This though has been achieved through the support of other organizations especially when it concerns their sector. The vision and effort of the founder, Tony Elumelu has indeed impressed and attracted most of these organizations’ willingness to support the trajectory.

Tony ELumelu Foundation entrepreneurship programme.

The objective of Tony Elumelu Foundation is to empower women and men across our continent, catalysing economic growth, driving poverty eradication and ensuring job creation. TEF believes the private sector’s role is critical for Africa’s development and that the private sector must create both social and economic wealth.

Here are some of the benefactors of the TEF entrepreneurship programme.


Vital Sounouvou founder of Exportunity

Vital Sounouvou (Benin)

Exportunity is a B2B2C e-marketplace that builds and digitally manages trade routes within cities and links them among countries, resulting in a large and deeply rooted trade web. Exportunity uses government postal networks for logistical support and digitalizes their facilities. The platform allow big and small buyers to place orders safely through secured payments and escrow mechanisms.

Mohamed Dhaouafi fouonder of CURE

Mohamed Dhaouafi (Tunisian)
Founder of CURE

CURE is a bionic company that works on ensuring that amputees can function in a world that is built for humans with four limbs and thier purpose is to ensure that these members of our society are able to live their lives to the fullest despite this physical challenge. They intend to achieve this objective through their two programmes: the development of personalised, 3D printed bionic hands and the provision of disruptive physical rehabilitation solutions for these amputees who mostly live in rural areas and have limited resources using virtual reality.

Joycee Awosika. Founder of Oriki

Joycee Awosika (Nigerian)
Founder or ORIKI

ORIKI is a leading farm to skin and spa brand that has been a part of the development of 6 spas in 4.5 years, reached thousands of consumers around the world through its product range and through the spa situated in Lagos, Nigeria. In addition to building this brand that is democratizing wellness and instilling ‘Skinfidence’ by exporting Africa around the world through its products.

TEF’s empowerment programme, is gradually obliterating the notion we often regard as the constraint to development, CAPITAL. Do not miss out on the next application come next year January. Draw up your business plan, your idea can change the world.


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