The main philosophy of the Tony Elumelu Foundation is to empower a generation of successful for-profit entrepreneurs who drive Africa’s economic and social transformation.
Elumelu said, “As an entrepreneur myself, I understand what it feels like to yearn for a lifeline, to hope for a ‘big break’, to look forward to enjoying some luck.”
In 2015, he heralded the ‘Decade of the African Entrepreneur’ by committing $100 million, to the TEF Entrepreneurship Programme. It is the first of its kind and scale in Africa. The organizations’ goal is to empower 10,000 entrepreneurs who will collectively create one million jobs and generate $10 billion in revenue.
Since the launch, alumni across all 54 African countries – have begun growing businesses and improving lives. Elumelu also developed the economic philosophy of “Africapitalism“. This approach positions Africa’s private sector and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.
I like to learn of this creative approach to build wealth in Africa. With the vast amount of resources, talent and tools now is the time for African entrepreneurs to flourish. The 2017 TEF Entrepreneurship Forum will be held in Lagos Nigeria in October.
I’m curious to follow and participate in building with committed business minded leaders.
What about you?