‘A power couple whose dedication to philanthropy is helping a new generation of big ideas’ is the caption of a short interview by CNN Marketplace Africa featuring the Founder of Tony Elumelu Foundation, Tony Elumelu, and his wife, Awele Vivian Elumelu.
The couple explained how they’re aiming to create a million jobs in a decade by focusing on funding for start-ups and entrepreneurs.
The video is coming at the time, The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, in 2019 cohort.
3,050 African entrepreneurs, drawn from all 54 African countries were selected to join the 5th cycle of its $100million TEF Entrepreneurship Programme.
This year, over 216,000 applications were received, an increase from last year’s 151,000. Nearly 90,000 were submitted by female entrepreneurs, an increase of 45%, illustrating the Foundation’s strategy to achieve greater gender balance.
The selected Entrepreneurs will each receive nonrefundable $5,000 of seed capital, access to mentors, and a 12-week business training programme, directly focused on the needs of African entrepreneurs.
On July 26 – 27 2019, they will gather at the TEF Entrepreneurship Forum, the largest annual gathering of African entrepreneurs and the entrepreneurship ecosystem on the continent.
TEF Founder, Tony O. Elumelu, CON, who celebrated his birthday today, said: “Every year, we face an almost impossible task – to select 1,000 entrepreneurs, from the hundreds of thousands that apply.
Watch the video shared by CNN: