1000 African entrepreneurs will join this year’s development and training program of the Tony Elumelu Foundation (TEF). The participants for the 2019 program have been selected from a total of 215,000 applicants (up from 151,000 last year) from 54 African Countries.
Application to the TEF is open to African entrepreneurs with businesses of less than three years old. The foundation started its $100 million Entrepreneurship Programme five years ago. TEF empowers 1,000 entrepreneurs annually, who receive $5,000 in non-refundable seed capital, access to mentors, a 12-week training programme and opportunities to promote their businesses to a global audience.
Ventures Africa reports that, over the years, TEF (founded by well-known African entrepreneur Tony Elumelu) has impacted 4,000 African entrepreneurs directly and an additional 470 entrepreneurs supported by the foundation’s partners.
Further reading on venturesafrica.com