Tony Elumelu Foundation To Give $16.8m To  Young African Female Entrepreneurs

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    The Tony Elumelu Foundation Entrepreneurship Programme is giving out $16.8million non-refundable grant to young African female entrepreneurs.

    Each beneficiary gets $5,000 seed capital.

    The young women, numbering 3,369, make up over 68% of the total candidates selected this year.

    Mrs. Awele Vivien Elumelu, Trustee of the Tony Elumelu Foundation, hailed as a silent supporter of female entrepreneurs in Africa, has been credited for this initiative.

    This year alone, the Tony Elumelu Foundation has disbursed $24.75million to 5,000 African SMEs for the TEF2021 Programme.

     

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