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Sunday, 7 December 2014


Tony Elumelu


Nigerian billionaire investor and philanthropist Tony Elumelu has committed $100 million to create 10,000 entrepreneurs across Africa over the next ten years, Forbes reports. Tony Elumelu Foundation has opened announment portal on social media to attract interested entrepreneurs to get ready for submitting their applications for financing their business ideas.
'' #AfricanEntrepreneurs start the new year with the Tony Elumelu Foundation Entrepreneurship Programme and realise your entrepreneurial dreams! 25 days to go! #TEEP '' posted on facebook today 07/12/2014.

 “It is our opportunity to empower a generation,” said Elumelu.

Tony Elumelu, Rob Hersov of InvestAfrica and Anne Welsh at OOF Anniversary, pix by Lashley Oladigbolu London

CNNreported that''Tony Elumelu may have worked with world leaders,but now Nigerian billionaire investor Tony Elumelu is focusing on those yet to turn their business dream into reality.The chairman of pan-African investment company Heirs Holdings Limited has pledged $100 million to find and support 10,000 entrepreneurs throughout Africa.''
The Tony Elumelu Entrepreneur Programme was unveiled with a core mission  that seeks among others, inclusive economic philosophy of Africapitalism, based on the belief that a vibrant African-led private sector is the key to unlocking Africa’s economic and social potential; commitment to drive African economic growth through the empowering of African entrepreneurship; and a mission to ‘institutionalise luck’ by creating an environment where African entrepreneurs can get critical elements of support in the early stages of their business life.
 Tony Elumelu has derived an estimated $1 billion fortune from banking, energy, investments and real estate. 
  Earlier on 8 May 2014, at the World Economic Forun on Africa Mr Elumelu indicated how African entrepreneurs should be supported financially.
“The opportunity and challenge in Africa is scale – in our people, our resources and our horizons. In my business and philanthropic journeys, I have always sought ways to help inspire a generation across our continent. This programme brings together my own entrepreneurial experience and my fundamental belief that entrepreneurs – women and men across Africa – will lead Africa’s development and transform our futures.” - Tony Elumelu  Tony Elumelu Entrepreneural Program    (TEEP) will be backed by a $100 million grant from the Tony Elumelu Foundation, an African-based, African-funded philanthropic organization that supports entrepreneurship in Africa by enhancing the competitiveness of the African private sector. Interested entrepreneurs will be able to submit their applications to join the programme as from January 2015 through the Tony Elumelu Foundation’s website.  

 The foundation press release stated that "online application portal for the 2015 round of entries will open on 1 January 2015 and close on 1 March 2015. Entries are open to applicants from all 54 African countries and will be accepted in English, French and Portuguese. Website: " . 


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