{"id":37355,"date":"2019-12-31T11:05:27","date_gmt":"2019-12-31T10:05:27","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=37355"},"modified":"2019-12-31T11:05:27","modified_gmt":"2019-12-31T10:05:27","slug":"tony-elumelu-foundation-undp-unveil-2100-africans-for-entrepreneurship-scheme","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/tony-elumelu-foundation-undp-unveil-2100-africans-for-entrepreneurship-scheme\/","title":{"rendered":"Tony Elumelu Foundation, UNDP Unveil 2,100 Africans For Entrepreneurship Scheme"},"content":{"rendered":"

The Tony Elumelu Foundation (TEF), the private-sector-led philanthropy focused on empowering African entrepreneurs has announced a final list of 2,100 entrepreneurs to benefit from the inaugural TEF-UNDP Entrepreneurship Programme.<\/p>\n

A statement explained that the Programme targets small business owners in rural communities across the 7 Sahel countries of Africa \u2013 Nigeria, Niger, Chad, Mauritania, Burkina Faso, Mali and Cameroon.<\/p>\n

The successful beneficiaries participated in an intensive business training administered online and in select communities in each country during the Programme.<\/p>\n

The selected young African entrepreneurs will join the alumni network of the Tony Elumelu Foundation\u2019s flagship Entrepreneurship Programme and will each receive seed funding between $1,500 and $5,000, depending on the size of their business initiative.<\/p>\n

The TEF-UNDP Entrepreneurship Programme is a partnership between the Tony Elumelu Foundation (TEF) and the United Nations Development Programme (UNDP) to empower 100,000 entrepreneurs over 10 years across Africa. This mission \u2013 to economically empower young African entrepreneurs, create millions of jobs and revenue in Africa, and break the cycle of poverty on the continent \u2013 aligns with the purpose of the Tony Elumelu Foundation.<\/p>\n

The selection process of the TEF-UNDP Entrepreneurship Programme, which commenced with a call for applications in July 2019, ended with a pitching competition in various communities in the 7 countries, powered by the United Bank for Africa Plc, while the selection process was coordinated by Deloitte.<\/p>

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Speaking on the announcement, Ahunna Eziakonwa, UNDP Africa Regional Head, said: \u201cYouth employment and economic empowerment are critical for the socio-economic transformation of the Sahel. The sheer size of applicants, 81,000 for the TEF-UNDP Entrepreneurship Programme, demonstrates an urgent need to scale up.\u00a0 The regeneration of the Sahel is a key priority for UNDP.\u00a0 We will continue to prioritise initiatives that break down barriers to attaining the full potential of the Sahel \u2013 and bring closer to home, the hope for productive lives for Africa\u2019s youth\u201d.<\/p>\n

Ifeyinwa Ugochukwu, CEO of the Tony Elumelu Foundation, said: \u201cCreating opportunities and giving young Africans hope for a brighter future will reduce poverty, extremism and illegal emigration in Africa. This is why at the Tony Elumelu Foundation, we forge partnerships to enable us to reach more youths and scale our impact to convert the impending demographic doom to economic boom on the continent\u201d.<\/p>\n

The Tony Elumelu Foundation will begin accepting applications for its flagship Entrepreneurship Programme on January 1, 2020.<\/p>\n

Photo Caption: Signing the TEF-UNDP Entrepreneurship Programme in Niger\u2014Tony Elumelu, Founder, Tony Elumelu Foundation and Ahunna Eziakonwa, UNDP Regional Director for Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Tony Elumelu Foundation (TEF), the private-sector-led philanthropy focused on empowering African entrepreneurs has announced a final list of 2,100 entrepreneurs to benefit from the inaugural TEF-UNDP Entrepreneurship Programme.<\/p>\n","protected":false},"author":6,"featured_media":37356,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[2368,5428],"coauthors":[2391],"class_list":["post-37355","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-tony-elumelu-foundation","tag-undp"],"yoast_head":"\nTony Elumelu Foundation, UNDP Unveil 2,100 Africans For Entrepreneurship Scheme - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/tony-elumelu-foundation-undp-unveil-2100-africans-for-entrepreneurship-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tony Elumelu Foundation, UNDP Unveil 2,100 Africans For Entrepreneurship Scheme - 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