The Tony Elumelu Foundation Grant 2022 will accept applications beginning January 1 for a $5000 grant.
Interested individuals from all around Africa are encouraged to apply for financing for their ideas.
The Tony Elumelu Foundation (TEF) is Africa’s premier proponent of entrepreneurship.
Their mission is to empower women and men across our continent, with the purpose of increasing economic development, poverty reduction, and job creation as a consequence of their efforts.
We think that the private sector’s involvement in Africa’s development is important and that it must generate both social and economic benefits.
Background for Tony Elumelu Foundation Grant
15 847 African entrepreneurs have benefited from the TEF Entrepreneurship Programme, which is Africa’s only African-funded entrepreneurship catalyst.
Since its inception in 2015, the TEF Entrepreneurship Programme has provided non-returnable seed capital of $5,000 per entrepreneur, twelve weeks of business management training, access to experienced mentors, and membership in Africa’s largest entrepreneurial ecosystem.
The foundation (TEF) granted up to USD$24.75 million to 5000 African businesses throughout Africa for its 2021 Entrepreneurship Programme, according to Nairametrics.
Given the ramifications of the covid19 pandemic throughout Africa, the Foundation’s Entrepreneurship Program continues to be one of the most effective private sector solutions for assisting African adolescents, women, and small and medium-sized enterprises (SMEs) in their economic recovery.
Requirements and Application Process for Tony Elumelu Foundation Grant
It is open to all African entrepreneurs, including new start-ups as well as existing young enterprises in any field, who want to take advantage of the Tony Elumelu Foundation Entrepreneurship Program.
Interested individuals may apply immediately at www.tefconnect.com, a digital networking platform for African businesses.
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