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32 Liberians get Tony Elumelu Foundation’s six months training…

Varflay Kamara
The Tony Elumelu Foundation Entrepreneurship Forum (TEF)'s founder, officials, sponsors and the wife of President Muhammaddu Buhari, Her Excellency, Mrs. Aisha Buhari, at the awards announcement.
The Tony Elumelu Foundation Entrepreneurship Forum (TEF)'s founder, officials, sponsors and the wife of President Muhammaddu Buhari, Her Excellency, Mrs. Aisha Buhari, at the awards announcement.

LAGOS, NIGERIA - About 32 Liberians involved in agribusiness, farming, tourism and information technology are expected to undergo six months entrepreneurship training and receive financial assistance to improve their businesses through the Tony Elumelu Foundation Entrepreneurship Forum (TEF).

The selected Liberians will join their counterparts from around Africa, at the largest gathering of African entrepreneurs in Nigeria, this year July. The Tony Elumelu Entrepreneurship Program is Africa’s leading entrepreneurship program based in Lagos, Nigeria empowering    young business people on the continent.

TEF Founder, Tony O. Elumelu, said: “Every year, we face an almost impossible task – to select 1,000 entrepreneurs, from thousands of application we received. Our entrepreneurs are hungry to effect change, we know we are only scratching the surface, we see the depth of entrepreneurial talent that all of us – government, business indeed African society, must harness to transform our economies and livelihoods. We must rally together to empower them and accelerate the change we want on the continent”.

For her part, Her Excellency, Mrs. Aisha Buhari, the wife of President Muhammaddu Buhari, of the Federal Republic of Nigeria, commended the Program’s impact on the continent, challenging the selected entrepreneurs to contribute to the advancement of the African continent.

“Indeed, I am confident that these Tony Elumelu entrepreneurs will inspire deep confidence and be of immense value not just to Nigeria but to the entire continent,” Mrs. Buhari said.

According to a release, the TEF leading African philanthropy Committed for Empowering African Entrepreneurs, Friday, March 22, 2019 in Lagos, announced about 3,050 African entrepreneurs drawn from all 54 African countries, to join the 5th cycle of its US$100million TEF Entrepreneurship Program.

This year, over 216,000 applications were received, as an increase from last year’s 151,000 entries. Nearly 90,000 applicants were submitted by female entrepreneurs, an increase of 45%, illustrating the Foundation’s strategy to achieve greater gender balance.

The selected Entrepreneurs will each receive non - refundable US$5,000 of seed capital, access to mentors, and a 12-week business training program, directly focused on the needs of African entrepreneurs.

Some beneficiaries Liberian entrepreneurs on the program in an interview with the Liberia Broadcasting System lauded TEF for the opportunity for the expansion of their business idea and have promised to use the knowledge wisely for the good of the Liberian economy.

The beneficiaries will on July 26 – 27 2019, gather at the TEF Entrepreneurship Forum.

The incoming Chief Executive Officer (CEO) of TEF Entrepreneurship program, Ifeyinwa Ugochukwu, said: “The program has successfully empowered 7,520 entrepreneurs in its first five years in its 10 years of existence”.

According to Ugochukwu, last year, we launched TEFConnect - the digital networking platform for African entrepreneurs and open to all - to further democratize the access to opportunities for the thousands of entrepreneurs that cannot directly benefit from our Entrepreneurship Program.

“This further demonstrates our commitment to empowering our entrepreneurs with the belief that our entrepreneurship holds the key to unleashing the true potential of the African continent", Madam Ugochukwu said.

The Foundation’s growing list of partners include the International Committee of the Red Cross (ICRC), the United Nations Development Program (UNDP), the Federal Republic of Benin (Seme City), the Anambra State Government, Indorama, the Government of Botswana and the African Development Bank (AfDB).

 


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