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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:
news
BREAKING: Court Discharges Comfort Emmason as Police Prosecution Withdraws Case

An Ikeja Magistrates’ Court on Wednesday discharged Miss Comfort Emmason of charges bordering on unruly behaviour and assaulting the flight crew aboard an Ibom Air aircraft from Uyo to Lagos on Monday.
Magistrate Olanrewaju Salami struck out the five-count charge against Emmason after the police prosecution team withdrew the case.
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At the resumed hearing, prosecutor Oluwabunmi Adeitan informed the court of new developments that necessitated the withdrawal.
She tendered an application to the court for the withdrawal of the case, which was admitted by the court.
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Breaking: EFCC Detains Ex-Governor Tambuwal Over Alleged ₦189bn Frauds

The Economic and Financial Crimes Commission(EFCC) on Monday grilled a former Sokoto Governor Aminu Tambuwal over suspicious cash withdrawals of N189billion.
Tambuwal, who was in the custody of the anti-graft agency in Abuja, was expected to account for the questionable cash haul during his tenure.
The Ex-Governor, who arrived the EFCC’s Headquarters around 11:30am, was still facing interrogators on the alleged financial crime at press time.
It was unclear if the Ex-Governor will be detained overnight or not.
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A source in EFCC said: “He is being held over alleged fraudulent cash withdrawals to the tune of N189billion.
“The withdrawals are in flagrant violation of the Money Laundering( Prevention & Prohibition) Act, 2022.
“We have isolated all the allegations for Tambuwal, it is left to him to respond. “
EFCC’s spokesperson, Dele Oyewale, declined comments on the matter
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Update : Anyone caught in corrupt practices could be sent to jail., ICPC warns NDDC staff

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has warned Niger Delta Development Commission (NDDC)’s staff against engaging in corrupt practices.
Mrs Ekere Usiere, ICPC Anti-Corruption Commissioner in charge of Rivers and Bayelsa state offices, gave the warning in a statement issued by NDDC’s Director of Corporate Affairs, Mrs Seledi Thompson-Wakama, in Port Harcourt on Friday.
According to the statement, Usiere spoke during the quarterly anti-corruption sensitisation workshop for NDDC staff and further warned that anybody caught in act would face the full wrath of law.
She acknowledged the critical role of the NDDC in the development of the Niger Delta region and stressed the importance of holding periodic meetings to sensitise staff against corrupt practices.
“NDDC staff must distance themselves from corruption, as anybody caught will be prosecuted in accordance with the law,” she stated.
Usiere explained that regular anti-corrupt workshops would enable NDDC employees to understand the impact of corruption on development and how to prevent it.
“This workshop themed, “Infractions/Offences in Anti-Graft Laws; Preventive Measures,” serves as an antidote to corrupt practices,” she said.
Also speaking, Dr Evans Peters, Head of Legal Department at ICPC in Rivers, urged the commission to strengthen its Anti-Corruption and Transparency Unit to enhance its effectiveness.
He further advised the NDDC to implement a system for continuous review of corruption-prone processes and procedures, and to develop a code of ethics that would include corruption prevention guidelines for staff.
According to Peters, it is an offence for an individual to inflate contracts, award contracts without budgetary provision, and frustrate investigations.
“In addition, any staff who make false statements and returns, fail to report bribery activities, and conspire to provide false information, or engage in similar acts will be prosecuted.
“Every public servant should take the ICPC Act as a Bible and internalise its tenets, as ICPC frowns heavily on gratification,” he said
Peters further warned that proceeds from crime, or anything beyond a worker’s legitimate income, remained subject to seizure by the government, with the offender still liable to prosecution.
“Anyone caught in corrupt practices could be sent to jail. The law does not condone ignorance,” he added.
Earlier, Dr Samuel Ogbuku, Managing Director of the NDDC, emphasised the importance of adopting measures to tackle corruption and entrench transparency in public service.
Represented by Dr James Fole, NDDC’s Director III of Administration and Human Resources, Ogbuku stated that the workshop formed part of a broader strategy to enhance service delivery in the commission.
“We are passionate about service delivery; hence, we organised this workshop to educate our staff on the need to avoid corrupt acts.
“We want our staff to work with diligence and uprightness while carrying out their duties,” he advised.
Ogbuku noted that the NDDC Board and Management would spare no effort to ensure that ethics and values would be firmly entrenched in the commission.
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