Tony Elumelu Foundation selects first batch of 1,000 African entrepreneurs to receive funding

Tony Elumelu, Chairman of the Tony Elumelu Foundation, Heirs Holdings, UBA, and Transcorp

The Tony Elumelu Foundation (TEF) has announced the selection of the first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP).

TEEP is a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs. The programme will identify and help grow 10,000 start-ups and young businesses from across Africa over the next 10 years. These businesses will in turn create 1,000,000 new jobs and contribute $10 billion in annual revenues to Africa’s economy.

In January, The Tony Elumelu Foundation (TEF), official launched the programme by inviting entrepreneurs from across Africa to apply for the programme. According to a press release issued by TEF on Monday, more than 20,000 entrepreneurs from 52 African countries applied to the programme.

Read more: Tony Elumelu Foundation Selects First 1,000 African Entrepreneurs To Receive $5,000 Grant – Forbes.