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Tony Elumelu Foundation Opens Applications for 5th Cycle of $100m Entrepreneurship Programme
Application exclusively available on TEFConnect.com – the largest digital networking platform for African entrepreneurs
Invitation to join existing 4,470 programme Fellows
4th Cycle drew over 150,000 applications from across the African continent
The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme.
The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. The Programme’s objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa. Now in its 5th year, the TEF Entrepreneurship Programme has empowered 4,470 entrepreneurs, using a bespoke and robust selection, training and implementation process to create visible and sustainable impact across all 54 African countries.
Outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas are invited to apply. We are particularly looking to grow representation from French, Arabic and Portuguese speakers, as well as female entrepreneurs.
Inspired by Tony Elumelu’s economic philosophy of Africapitalism and his vision to institutionalise luck and democratise opportunity for a new generation of African entrepreneurs, the Foundation has implemented one of the most ambitious entrepreneurship programmes globally. Selected entrepreneurs from previous years have transformed their businesses and their communities after gaining from the Programme’s 7 pillars: $5,000 in seed capital; business development training; one-on-one mentoring; access to TEFConnect; pan-African meetups; TEF network membership; and participation at the annual TEF Entrepreneurship Forum, the largest convening of the African entrepreneurship ecosystem.
Founder, Tony O. Elumelu, CON, stated: “The private sector must be the core driver of Africa’s economic transformation, but this sector cannot attain its full potential if entrepreneurs are left behind. We call on all stakeholders – policymakers, business leaders and development agencies – to actively commit to creating a better future for our young Africans who have demonstrated intellect, skill, and passion, to empower them to succeed because their success is Africa’s success. The TEF Entrepreneurship Programme is by far the most impactful project of my life and represents my commitment to transforming Africa through entrepreneurship”.
Parminder Vir, CEO, Tony Elumelu Foundation, said: “Our entrepreneurs illustrate the Foundation’s commitment to transform the African economy, by building on the intelligence, skills and resourcefulness of Africans. I encourage all ambitious young Africans to take advantage of this unique opportunity”.
The Foundation, which has recently hosted President Macron of France, President Uhuru Kenyatta of Kenya and President Nana Akufo-Addo of Ghana in dynamic interactive sessions with young African entrepreneurs, is committed to supporting the entire entrepreneurship ecosystem – from the entrepreneurs themselves, governments who must provide enabling environments, to capital, advice and most importantly access and networks.
The TEF Entrepreneurship Programme is open to citizens and legal residents of all African countries, who run for-profit businesses based in Africa that are no older than three years. The deadline for applications submission is March 1, 2019.
Applications will be judged based on criteria including: feasibility, scalability and potential for growth of the product/service; market opportunity for the idea/business; financial understanding, leadership potential and entrepreneurial skills.
Applicants can apply on TEFConnect – www.tefconnect.com – the largest digital networking platform for African entrepreneurs.
Additional Information:
Link to the Impact Documentary showing the transformative and impactful stories of the Tony Elumelu Entrepreneurs:
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BREAKING: Appeal Court Rules VIO Cannot Stop or Impound Motorists’ Vehicles
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The Court of Appeal in Abuja has affirmed the October 4, 2024 judgment of a Federal High Court in Abuja barring the Directorate of Road Traffic Services (popularly called VIO) from further stopping, impounding, or confiscating vehicles on the road and imposing fines on motorists.
In a judgment on Thursday, a three-member panel of the appellate court resolved the three issues identified for determination against the appellant, the Directorate of Road Traffic Services.
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Justice Oyejoju Oyebiola Oyewumi, who delivered the lead judgment, held that the appeal was without merit. She awarded a cost of N1million against the appellant and in favour of the respondent, a rights activist and public interest attorney, Abubakar Marshal.
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Breaking : Ex-CDS Musa Gets Tinubu’s Nod for Defence Minister Role
President Bola Tinubu has nominated a former Chief of Defence Staff, General Christopher Musa, as the new Minister of Defence.
The nomination was conveyed in a letter sent to Senate President, Godswill Akpabio, on Tuesday, announcing Musa as the replacement for Mohammed Badaru, who resigned from the position on Monday due to health reasons.
In his letter to the Senate, the President expressed confidence in Musa’s capacity to lead the defence ministry and strengthen Nigeria’s security framework.
The nomination was confirmed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
The statement added, “General Musa, 58, on December 25, is a distinguished soldier who served as Chief of Defence Staff from 2023 until October 2025. He won the Colin Powell Award for Soldiering in 2012.
“Born in Sokoto in 1967, General Musa received his primary and secondary education there before attending the College of Advanced Studies in Zaria. He graduated in 1986 and enrolled at the Nigerian Defence Academy the same year, earning a Bachelor of Science degree upon graduation in 1991.
“General Musa was commissioned into the Nigerian Army as a Second Lieutenant in 1991 and has since had a distinguished career.
“His appointments include General Staff Officer 1, Training/Operations at HQ 81 Division; Commanding Officer, 73 Battalion; Assistant Director, Operational Requirements, Department of Army Policy and Plans; and Infantry Representative/Member, Training Team, HQ Nigerian Army Armour Corps.
“In 2019, he served as Deputy Chief of Staff, Training/Operations, Headquarters Infantry Centre and Corps; Commander, Sector 3, Operation Lafiya Dole; and Commander, Sector 3 Multinational Joint Task Force in the Lake Chad Region.
“In 2021, General Musa was appointed Theatre Commander, Operation Hadin Kai. He later became Commander of the Nigerian Army Infantry Corps before being appointed Chief of Defence Staff by President Tinubu in 2023.”
Newsthumb had earlier reported that Badaru, who was appointed Minister of Defence on August 21, 2023, cited ill health in his resignation letter.
A statement by Onanuga added that Tinubu had accepted the resignation and thanked him for his service to the nation.
The statement further noted, “President Tinubu will likely inform the Senate of Badaru’s successor later this week.
“His resignation comes amid President Tinubu’s declaration of a national security emergency, with plans to elaborate on its scope in due course.”
Badaru recently came under criticism following a BBC Hausa interview in which he said some terrorists could not be targeted because their forest hideouts were too dense for bombs to reach.
Stephen Angbulu
With three years of experience, Stephen, The PUNCH correspondent, has been covering Nigeria’s presidency, politics, security, immigration and trafficking in persons
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Global Powers Back Nigeria’s War on Terror — Ribadu Confirms Support from US, UK, France
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The National Security Adviser, NSA, Mallam Nuhu Ribadu, yesterday disclosed that the international community was standing firmly with Nigeria in the fight against terrorism, with the United States, France and the United Kingdom already providing technical support to ongoing security operations.
Ribadu spoke in Kontagora, Niger State, during a visit to the Chairman of Christian Association of Nigeria, CAN, Northern Region, Bishop Bulus Yohanna, alongside distraught parents of pupils abducted from St. Mary’s Private Catholic School, Papiri.
He said President Bola Tinubu was deeply troubled by the incident and had directed security agencies to deploy all necessary resources to ensure the safe return of the abducted children.
Speaking to Christian leaders and parents who gathered at St. Michael’s Catholic Cathedral, Ribadu said: “This is a painful period for all of us but I want to assure you: we will rescue your children. The President is deeply concerned and has directed that everything necessary must be done.”
The NSA, accompanied by the Minister of Humanitarian Affairs and Poverty Alleviation, Bernard Doro; Director-General of the Department of State Services, Oluwatosin Ajayi; and CAN Northern Region Chairman, Joseph Hayab, said operations had been intensified to secure the children’s release.
He conveyed President Tinubu’s message of solidarity and resolve, noting that the President had suspended official engagements, including a scheduled trip, to focus on the matter.
Ribadu added that the Federal Government was taking full responsibility for restoring security in the affected communities.
He commended Bishop Yohanna for his leadership and calmness in a period of deep anxiety, assuring that Nigeria was not alone in the battle against terror.
“The whole world stands with us. This evil will not prevail. Your children will come back safely. That is our solemn promise,” he said.
Ribadu stressed that rescue operations would not slow down until the pupils were safely reunited with their families.
Earlier, Bishop Yohanna expressed gratitude to the Federal Government for the visit, saying it had renewed hope among families traumatised by the attack. He noted that the show of support demonstrated the government’s commitment to protecting citizens.
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