Tony Elumelu Foundation launches a Digital Platform for African Entrepreneurs

Africa’s leading entrepreneurship focused philanthropy, The Tony Elumelu Foundation, is launching the world’s largest digital platform for African entrepreneurs and the African entrepreneurship ecosystem – TEFConnect. TEFConnect will officially be unveiled at this year’s TEF Forum, taking place on Thursday, October 25th, 2018, at the Federal Palace Hotel, Lagos, Nigeria.

Harnessing and building on the success of Africa’s largest entrepreneurship catalyst, the Tony Elumelu Foundation Entrepreneurship Programme, which has attracted over 300,000 African entrepreneurs as applicants and trained and funded 4,460 to date, the Foundation is further democratizing access to opportunity. TEFConnect is an open source platform, which will provide bespoke tools and content to catalyze business development for millions of entrepreneurs across the continent, through technology and directly applicable content.

Positioned as the “Facebook for African Entrepreneurs”, the TEFConnect platform is a contemporary, intuitive, informative and user-friendly go-to entrepreneurship space, that provides specific benefits to its users, including the following:

  • One-stop digital home for entrepreneurship ecosystem players, including entrepreneurs, incubators, investors, academia and the private sector, providing news, informative resources, entrepreneurship events, and opportunities.
  • Global digital marketplace for African entrepreneurs to transact across the continent and reach millions of consumers.
  • Access to free business tools such as financial planning calculators, business plan generators and marketing templates.
  • Access to the Foundation’s Entrepreneurship Programme Enterprise Toolkit and business mentoring by global business leaders.

Speaking on the launch of TEFConnect, the CEO of the Foundation, Parminder Vir OBE said:

“The Tony Elumelu Foundation is simply about empowering Africanentrepreneurs. First, we launched the TEF Entrepreneurship Programme, to provide 10,000 African entrepreneurs, over a period of 10 years with seed capital, mentorship, and training. Next, we convened the full entrepreneurial ecosystem at the TEF Forum to foment engagement and deliberate discussions to change the narrative of Africa. Now, we are scaling our impact by connecting African entrepreneurship ecosystem on a single platform.”


The Founder of the Tony Elumelu Foundation, Tony O. ElumeluCON also said:

In the four years, since the launch of the TEF Entrepreneurship Programme, we have shown that entrepreneurship can change a continent – we have invested in people and processes. We have already helped create business successes and brought policymakers into the entrepreneurial dynamic. But in many ways, we are scratching the surface. This year we are broadening our scope, taking the conversation to where interaction is increasingly occurring – the digital realm. By connecting African entrepreneurs globally on TEFConnect, we are further unleashing the true potential of our entrepreneurs and transforming the continent.

The 4th TEF Forum will convene Africa’s entrepreneurial ecosystem, including the broad investor community, government, and policymakers, leading developmental organizations, private sector representatives, the media and partners.

This year’s Forum will also feature an interactive dialogue between the President of Ghana, HE Nana Akufo-Addo and President of Kenya, HE Uhuru Kenyatta,moderated by TEF Founder, Tony Elumelu.

To  attend  the TEF  Forum or watch  the unveil of TEFConnect  live, click here

Written by PH

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