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Tuesday,
August 14, 2018 17.384PM / TOE
Foundation
Highlights
·
5,000 Entrepreneurs to be welcomed in
Lagos for Africa’s largest entrepreneurial convening
Africa’s
leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu
Foundation (TEF), has announced October 25, 2018, as the date for its 4thannual
TEF Entrepreneurship Forum.
The
largest gathering of African entrepreneurs and the broader entrepreneurship
ecosystem will unite over 5,000 entrepreneurs, global investors, leaders from
the African public and private sectors and developmental organisations at the
Federal Palace Hotel, Lagos. The event is a unique opportunity to
generate ideas, forge networks and bring policymakers and the private sector
together, in a spirit of robust debate and interaction. The 2018 cohort from
the Tony Elumelu Entrepreneurship Programme, as well as mentors and partners,
will be present, as the culmination of their intensive twelve-week induction.
In
keeping with the Foundation’s track record―most recently with President Macron
of France―of bringing politicians face to face with the new generation of young
business women and men shaping Africa, the Forum will include an interactive
session with President Uhuru Kenyatta of Kenya and President Nana Akufo-Addo of
Ghana, moderated by TEF Founder, Tony O. Elumelu.
The
Forum will also feature the launch of the TEFConnect, the world’s largest digital platform
for African entrepreneurs, dedicated to connecting African entrepreneurs and
the entrepreneurship ecosystem.
Founder,
Tony O. Elumelu, CON, stated: “In just four years, we have directly impacted
4,460 entrepreneurs, and we are beginning to see the results – job creation,
ripple effects, but most importantly a recognition that Africa’s economic
well-being is driven by entrepreneurs: female and male, large and small – they
are the engine of our continent’s transformation. We will be championing and
celebrating them. This year, we are truly achieving scale and impact; we
received over 150,000 applications in 2017 alone, up from 20,000 applications
in 2015. We are now calling on the current generation of African success
stories and others to partner with us to see how we can all further create
impact, genuinely transform millions of lives and increase the number of
inspiring stories we will be hearing in Lagos”.
TEF
CEO, Parminder Vir OBE stated: “The TEF Entrepreneurship Forum is the only
event across the continent that brings together the complete African
entrepreneurship ecosystem, demonstrating our commitment to capturing the whole
continuum – from the entrepreneurs themselves, governments who must provide
enabling environments, to capital, advice and perhaps most importantly access
and network”.
Inspired
by Tony Elumelu’s economic philosophy of Africapitalism and his vision to
institutionalise luck and democratise opportunity for a new generation of
African entrepreneurs, the Tony Elumelu Foundation has implemented one of the
most ambitious entrepreneurship programmes globally.
The Programme is a 10-year, $100 million commitment to identify, train, mentor, and fund 10,000 entrepreneurs. Its goal is to invest in businesses that will generate at least 1,000,000 new jobs and contribute at least $10 billion in new annual revenues across Africa. In its 4th year, TEF Entrepreneurship Programme has empowered 4,460 entrepreneurs with a total investment of USD20million; 4,000 funded directly by the Foundation and 460 have been funded by partners.
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