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Tony Elumelu Foundation To Give $5,000 Each To 3,369 Young African Female Entrepreneurs

The Tony Elumelu Foundation Entrepreneurship Programme is giving out $16.8m 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.

 

Mr & Mrs Tony O Elumelu

 

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

 

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Written by PH

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