Connect with us

Business

TONY ELUMELU FOUNDATION ANNOUNCES 3,050 ENTREPRENEURS SELECTED FOR THE 5th CYCLE OF THE TEF ENTREPRENEURSHIP PROGRAMME

Published

on

 

  • Tony Elumelu Foundation directly funds 1,000 entrepreneurs and an additional 2,050 beneficiaries supported by Foundation’s partners
  • TEF Entrepreneurship Forum – Africa’s largest entrepreneurship convening – to be held on July 26-27

The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, Friday announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the 5th cycle of its $100million TEF Entrepreneurship Programme.

The announcement was made at the Transcorp Hilton Abuja, following a presentation of the selection process by Accenture Development Partners.

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 non- refundable $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.

Also Read:  Sterling Bank’s shares gain 3.2% as Moody's reaffirms ratings

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. Our entrepreneurs are hungry to effect change. We know we are only scratching the surface, we see the depth of entrepreneurial talent, that all of us – government, business indeed African society, must harness to transform our economies and livelihoods. We must rally together to empower them and accelerate the change we want on the continent”.

In her speech, Her Excellency, Mrs. Aisha Buhari, the wife of the President, Federal Republic of Nigeria, commended the Programme’s impact on the continent, charging the selected entrepreneurs to contribute to the advancement of the African continent.

“Indeed, I am confident that these Tony Elumelu entrepreneurs will inspire deep confidence and be of immense value not just to Nigeria but to the entire continent,” she said.

Speaking on the announcement, the incoming CEO, Ifeyinwa Ugochukwu, said, “The Tony Elumelu Foundation Entrepreneurship Programme has successfully empowered 7,520 entrepreneurs in its first five years of the 10- year programme.

Also Read:  natnuPreneur kick starts the CBN Anchor Borrower Programme in Lagos

Marking the fifth anniversary of the 10-year programme, this year’s selection includes 2,050 entrepreneurs, supported by the Foundation’s partners in addition to the Foundation’s annual commitment of 1,000, bringing the total number of entrepreneurs empowered by the Foundation to date to 7,520.

Last year, we launched TEFConnect – the digital networking platform for African entrepreneurs and open to all – to further democratise the access to opportunities for the thousands of entrepreneurs that cannot directly benefit from our Entrepreneurship Programme. This further demonstrates our commitment to empowering our entrepreneurs and our belief that entrepreneurship holds the key to unleashing the true potential of the African continent”, she said.

The Foundation’s growing list of partners includes the International Committee of the Red Cross (ICRC), the United Nations Development Programme (UNDP), the Federal Republic of Benin (Seme City), the Anambra State Government, Indorama, the Government of Botswana and the African Development Bank (AfDB).

For a list of the selected 2018 Tony Elumelu Entrepreneurs and information on our applicants, please visit tefconnect.com.

Wife to the President of Nigeria, Mrs Aisha Buhari(4th left); Founder, The Tony Elumelu Foundation(TEF), Mr. Tony Elumelu(5th right); Trustee , TEF; Dr Awele Elumelu(3rd Right); flanked from Extreme left by Incoming CEO, TEF, Mrs Ifeyinwa Ugochukwu; Outgoing CEO, Mrs Parminder Vir; Israel Ambassador to Nigeria, Mr. Shalom Ben-Shoshan; Deputy Ambassador of Kenya to Nigeria , Amb. Yvonne, Yamati; and Amanyanabo of Okpoama Kingdom, Chief Ebitimi Banigo during the announcement of 3,050 entrepreneurs of the 5th cycle of Tony Elumelu Foundation Entrepreneurship Programme held in Abuja on Friday

Share
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

FIDELITY PRIVATE BANKING HOSTS CLIENTS TO AN EXCLUSIVE EDUCATION ADVISORY FORUM

Published

on

Directorate Head, Corporate Bank, Obaro Odeghe presenting a plaque to the Managing Director, Quelu Konsult, Mrs. Margaret Anyigbo at the recently concluded Fidelity Private Banking Education Advisory Forum in Lagos.

Fidelity Private Banking Division organized an exclusive advisory forum at The Café in the Private Banking Suite, Ikoyi. The aim was to provide sufficient information and guidance for select clients who wish to have their children study abroad.

L-R: Managing Director, Lady Maker, Mrs. Ify Azubuike; Divisional Head, Private Banking, Fidelity Bank, Mrs. Chioma Nwankwo; and President/CEO, Anabel Group, Dr. Nicholas Okoye; at the recently concluded Fidelity Private Banking Education Advisory Forum

In her opening remarkes, the Divisional Head, Private Banking, Fidelity Bank Plc, Chioma Nwankwo noted that “Studying abroad is becoming more popular among Nigerian students as the country itself continues to pursue integration into the international landscape. The demand for professionals with global experience is rapidly increasing amongst local employers. Our Private Bank has therefore partnered with Quelu Advising Center over an interactive education advisory session to better equip our high net worth and ultra-high net worth clients for future engagements in this respect”.

Also Read:  President Buhari Urged To Investigate Companies Sold By AMCON

Quelu Educational Center is an advisory company operating under Shorelight group of companies working with top-tier universities to offer services to prospective students who wish to study abroad. The forum which provided sufficient information and guidelines extensively covered;

•               Student profiling

•               Advice on University selection

•               Finding Scholarship Opportunities

•               Application and Admission Process

Also Read:  Why We Are Supporting NESG -Sterling Bank

•               Visa Application preparation

•               New Educational System

•               Cultural Differences

•               USA, UK, Canada

•               Financial planning to fund school fees

Guests were treated to a scrumptious lunch afterwards.

The session is one of the fora that has been put together by the Division which targets the younger generation with necessary steps toward achieving a greater future as wealth is preserved from one generation to another.

Share
Continue Reading

Business

UBA Boss Advocates Curriculum Overhaul to Equip Graduates for Technology advancement

Published

on

The Group Executive Director of United Bank for Africa (UBA), Mr Liadi Ayoku, has called for the overhaul of the training curriculum in financial institutions across Africa to reflect current technological realities, which according to him will reflect the modern business expectations and ensure the relevance of graduates to the continent’s economic growth and aspiration.

Ayoku, said this while delivering a keynote address during the annual lecture of the Faculty of Management Sciences, Lagos State University (LASU) titled: “The Future of Finance – Technology at Play” on Wednesday. He explained that finance graduates and professionals must be aware that it was no longer business as usual following the fast-changing technological landscape.

He said, “I am not certain if the finance and accounting graduates of today are familiar with modern financial softwares packages, including global accounting and financial reporting standards.

“Have they been imbibed with the ready-to-market soft skills like leadership, communication, commercial acumen, flexibility/openness to change and strategic vision? “If not, I will like to propose an overhaul of the curriculum to accommodate these,” he noted.

Also Read:  Sterling Bank’s shares gain 3.2% as Moody's reaffirms ratings

Ayoku further explained that with technology replacing basic financing, the finance professional that would excel in the future must be quick to retool and adapt to changes.

“Traditional knowledge of finance is getting stale in today’s business world and indeed there is dire need for retooling our skills if we must remain relevant n tomorrow’s financial world. Technology is fast replacing the basics of finance,” he surmised.

According to Ayoku, financial reporting is increasingly being automated, just as data analytics is demystifying performance analysis. Tomorrow’s finance professionals must have capabilities for business intelligence and cognitive analysis. “We must apprise ourselves of the most recent technology and continue to retool our skills to remain relevant today and into the future,” Ayoku said.

Regional Director, United Bank for Africa Plc, Ms Emem Usoro; Executive Director and Guest Lecturer, Mr. Liadi Ayoku; and Deputy Vice Chancellor, Lagos State University, (LASU), Prof. Oyedamola Oke, during the 2019 Annual Guest Lecture of the Faculty of Management Sciences (FMS) delivered by Mr Liadi titled: The Future of Finance; Technology at Play, held at the University campus in Ojo on Wednesday

Deputy Vice Chancellor, Lagos State University, (LASU), Prof. Oyedamola Oke; Executive Director and Guest Lecturer, Mr. Liadi Ayoku; Dean, Faculty of Management Science, LASU, Prof. Babatunde Yusuf; and Executive Secretary, Institute of Entrepreneurship and Chairman of the Occasion, Dr Rotimi Oladele, during the 2019 Annual Guest Lecture of the Faculty of Management Sciences (FMS) delivered by Mr Liadi titled: The Future of Finance; Technology at Play, held at the University campus in Ojo on Wednesday

Deputy Vice Chancellor, Lagos State University, (LASU), Prof. Oyedamola Oke; Executive Director and Guest Lecturer, Mr. Liadi Ayoku; Regional Director, United Bank for Africa Plc, Ms Emem Usoro; and Dean, Faculty of Management Science, Prof. Babatunde Yusuf, during the 2019 Annual Guest Lecture of the Faculty of Management Sciences (FMS) delivered by Mr Liadi titled: The Future of Finance; Technology at Play, held at the University campus in Ojo on Wednesday

The Chairman of the occasion, Dr Rotimi Oladele, the Executive Secretary, Institute of Entrepreneurship, commended Ayoku for delivering a profound paper worthy of equipping account graduates for a future driven by technology while also praising the Chairman of UBA, Mr Tony Elumelu for his contribution to entrepreneurship in Africa, describing him as a ‘global brand of the rarest value’.  He said LASU would benefit from its collaboration with the entrepreneur.

Also Read:  Valuable Tips For Managing the Finances of your Small Business

“No doubt Tony Elumelu is not just a Nigerian of rare value to Nigeria but a Premium African of rarer value and of course a Global Brand of rarest value. Tony Elumelu today as an ultrapreneur is known all over for breeding entrepreneurs and start-ups in thousands and with millions of dollars ceaselessly in support for sustainability.

“We believe LASU partnering with Elumelu could be the best testimonial of befitting support to the most multi-cultural and multi-tribal university in Nigeria. The profile of LASU Staff and studentship speak for this fact,” he said.

The LASU Vice-Chancellor, Prof Lanre Fagbohun, represented by the Deputy Vice-Chancellor, Prof Oyedamola Oke, thanked UBA for its support and sponsorship noting that a bank that believes in the support of education is indeed a special institution.

Share
Continue Reading

Business

Presidents of Rwanda, Senegal and DRC to Speak at the Largest Annual Gathering of African Entrepreneurs—Tony Elumelu Foundation Entrepreneurship Forum

Published

on

African Entrepreneurs

 

  • Over 5,000 participants and 40 speakers expected at the Transcorp Hilton Hotel, Abuja
  • Forum to Feature Plenary Sessions, Masterclasses, a Pitching Competition, Networking Opportunities, UBA Marketplace and the Presidential Dialogue

 

The Tony Elumelu Foundation (TEF), Africa’s champion of entrepreneurship, has announced the line-up of speakers and activities for the 5th Tony Elumelu Foundation Entrepreneurship Forum — the largest annual gathering of African entrepreneurs and the African entrepreneurship ecosystem.



 

For the Forum’s Presidential Dialogue, the President of the Democratic Republic of Congo (DRC), H.E Félix Tshisekedi will join previously announced President of Rwanda, H.E Paul Kagame and President of Senegal, H.E Macky Sall, in an interactive, charged plenary session that opens Day 2 of the Forum. The Presidential Dialogue will be moderated by TEF Founder, Tony O. Elumelu, CON, and will feature all three presidents engaging directly with an audience of 5,000, comprising of entrepreneurs, policymakers, investors and business leaders, with thousands of people interacting live online, through TEFConnect.

 

The Forum presents the largest single annual opportunity for entrepreneurs and policy makers to interact directly and all sessions at the Forum have private sector and public sector leaders anchor panel discussions, masterclasses, and a dynamic pitching competition that will engage an audience of start-up entrepreneurs, development institutions, and policymakers.



 

The speakers expected for this year’s Forum include Prof. Benedict Oramah, President of African Export-Import (AFREXIMBANK); Dr. Akinwumi Adesina, President of African Development Bank (AFDB); Dr. Awele Elumelu, Trustee, Tony Elumelu Foundation and Founder, Avon Medical; Kennedy Uzoka, Group CEO, UBA Group Plc; Mrs. Djene Kaba Conde, First Lady, Guinea; amongst other notable global business leaders. 

 

Every year, the Tony Elumelu Foundation hosts the largest gathering of African entrepreneurs, policymakers and business leaders in one location. This year’s Forum, themed “Empowering African Entrepreneurs”, will take place at the iconic Transcorp Hilton Hotel, in Nigeria’s capital city of Abuja. The Forum will also include the UBA Marketplace, where UBA, Africa’s global bank, brings together businesses from across the continent.  

 

At the 2018 forum, TEFConnect, the largest digital platform for African entrepreneurs was launched to connect entrepreneurs to the opportunities they need for business success. TEFConnect will take centre stage at this year’s Forum as global debates move to technology as a key driver of economic development in Africa.

 

For more information: https://www.tonyelumelufoundation.org/forum2019

Share
Also Read:  Don’t Expect An Album From Me This Year-Teni Makanaki
Continue Reading

Facebook

Trending

Copyright © 2019, February13 media