Tony Elumelu Foundation at a glance

Launched in 2015, The Tony Elumelu Foundation Entrepreneurship Programme is the largest African philanthropic initiative devoted to entrepreneurship and represents our 10-year, $100 million commitment, to identify and empower 10,000 African entrepreneurs, create a million jobs, and add $10 billion in revenues to Africa’s economy.


The Tony Elumelu Foundation Entrepreneurship Programme is inspired by three guiding principles:

  1. The inclusive economic philosophy of Africapitalism, based on the belief that a vibrant African-led private sector is the key to unlocking Africa’s economic and social potential
  2. The commitment to drive African economic growth through the fostering of African entrepreneurship
  3. The mission to institutionalise luck and create an environment where home-grown pan-African companies in various sectors can flourish.


To establish the preeminent Pan-African entrepreneurship programme, designed to equip entrepreneurs with the skills needed to build strong and sustainable businesses.


To identify, grow and create 10,000 startups across Africa that have developed ingenious solutions to pressing economic challenges in their communities and countries; to improve lives, generate employment, and create prosperity and wealth.


Click on the link below for a comprehensive detail of the programme which has positively affected thousands of lives.

TEF at a glance


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