TonyElumelu Foundation disburses $100m to 24,000 young Africanentrepreneurs in 10yrs. Elumelu to Wealthy Africans: Share prosperity, empower the poor. The TonyElumelu Foundation has disbursed a total of $100m to support about 24,000 young entrepreneurs across 54 African countries since it launched its flagship programme in 2015. The TonyElumelu Foundation Entrepreneurship Program plansto support 10,000 entrepreneurs throughout Africa. Selected entrepreneurs will receive seed funding and mentoring. 80% of people in Nigeria and Uganda see opportunities for starting businesses. Nigeria-based TonyElumelu Foundation pledges $100 million to train and mentor 1,000 entrepreneurs a year for ten years. Here’s the secret behind this noble initiative. Somachi Chris-Asoluka, the Chief Executive Officer (CEO) of the TonyElumelu Foundation (TEF), says the foundation has so far disbursed 100 million dollars to support 24,000 young Africanentrepreneurs since its inception in 2015. The TonyElumelu Foundation’s US$100 million Entrepreneurship Programme was launched in 2015 toempower 10,000 entrepreneurs over 10 years. The TonyElumelu Foundation has launched a $100m Pan-Africanentrepreneurship initiative. The TonyElumelu Foundation Entrepreneurship Programme – a multi Elumelu leveraged the occasion to seek the support of offshore development partners, including the EU, to expand the African youths empowerment initiatives captured under the vision of TEF.
