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Tony Elumelu Foundation Announces 10th Cohort Of Entrepreneurship Programme – 20,000 Entrepreneurs Funded Across Africa

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  • 10th Cohort of the Tony Elumelu Foundation Entrepreneurship Programme Announced
  • Over 50 business sectors from farming to technology represented.
  • 20,000 entrepreneurs from 54 countries across Africa funded in 10 years – doubling original target.

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme.

This new cohort brings to 20,000, the number of young African entrepreneurs who have received funding, mentoring, and capacity-building support from the Foundation, double the initial commitment. The Tony Elumelu Foundation has disbursed US$100,000,000 directly to young African entrepreneurs, who have created over 400,000 direct and indirect jobs, contributing significantly to Africa’s economic growth and development. 46% of these beneficiaries are women, reiterating the Foundation’s commitment to gender inclusion and equity.

Past entrepreneurs selected across Africa include:

Stella Sigana, founder of Alternative Waste Technologies from Kenya, produces fuel briquettes by converting organic and charcoal waste from slum settlements, and dedicates a portion of the revenues to providing education, skills training, and job placement for adolescent girls and young women aged 18-24. Since her selection, Stella has created 12 jobs, generated over $79,000 in revenue, and recycled over 500 tons of waste into fuel briquettes for cooking. Her business model has also empowered hundreds of women entrepreneurs in slum settlements in Kenya, enabling them to build businesses by selling her products directly to their communities, thus significantly increasing household income and wellbeing.

Vital Sounouvou from Benin is the founder of Exportunity, an e-commerce platform that promotes export opportunities for Africans by connecting producers with traders. Through Exportunity, Sounouvou has engaged over 750 clients, and built a database of 85,000 companies trading with Africa. He has employed 32 people.

Nora Chaynane, a Moroccan entrepreneur, and founder of Shine Space, a socio-educational initiative aimed at bridging the knowledge gap and guiding students toward the right career path, helps young Moroccans develop technical and interpersonal skills beyond school curriculum requirements. Through Shine Space, Nora has upskilled and capacitised over 2,500 young Moroccans.

Since inception in 2010, the Tony Elumelu Foundation has pioneered an innovative approach to seeding, capacitising and networking young entrepreneurs across Africa. Drawing directly from Founder Tony Elumelu’s entrepreneurial journey, the Foundation democratises luck, spreads opportunity, in a sector agnostic approach, and has developed a bespoke infrastructure that reaches every country in Africa. The Foundation is driven by our Founder’s philosophy of Africapitalism, which advocates that the private sector, particularly entrepreneurs, must play the pivotal role in Africa’s development.

The robust ability of the Foundation to reach entrepreneurs across geographies and sectors has enabled it to conduct innovative partnerships with the European Union (EU), United Nations Development Programme (UNDP), the International Committee of the Red Cross (ICRC), the US Government via the United States African Development Foundation (USADF), the Organisation of African, Caribbean and Pacific States (OACPS), the French Development Agency (AFD), the German Development Finance Institution (DEG), the German Agency for International Cooperation (GIZ), the African Development Bank (AfDB), Sèmè City Development Agency, and Google, with bespoke programmes including targeting female empowerment and growth in fragile states. Building on its existing partnership with Sèmè City Development Agency, the Tony Elumelu Foundation will fund an additional 100 young entrepreneurs from Benin Republic in 2024.

Tony O. Elumelu shared: “As we mark a decade of impact, I am immensely proud of the incredible journey we have embarked on. Our entrepreneurs represent the driving force behind Africa’s economic transformation, and their resilience, determination, and innovation continue to inspire us all. The future of our continent is brighter because of their efforts.”

As part of the Tony Elumelu Foundation’s commitment to support young Africans, the following ongoing opportunities are currently open for applications from young entrepreneurs across Africa on TEFConnect:

Women Entrepreneurship For Africa (WE4A), a partnership between the European Union, GIZ and TEF

Aguka Entrepreneurship Programme, a partnership between UNDP and TEF in Rwanda

African entrepreneurs are encouraged to apply to these initiatives to receive training, mentorship, access to networks, and funding.

To learn more about the Tony Elumelu Foundation Entrepreneurship Programme “Decade of Impact” please see here. The success stories of these beneficiaries can be found here, and a full breakdown of the Foundation’s beneficiaries across Africa can be found here.

  • About the Tony Elumelu Foundation

The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries, and increasing women economic empowerment. Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has provided access to over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed over USD$100 million in direct funding to 20,000 young African women and men, who have collectively created over 400,000 direct and indirect jobs.

BIG STORY

Two Brothers In Police Net For Alleged Gang-Rape In Ogun

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Olamijuwon Noibi and Lukman Olatunbosun, two brothers, have been taken into custody by the Ogun State Police Command on charges of gang rape at Oke Eri, Atan Ijebu Area, Ogun.

A trustworthy law enforcement source, on Thursday, revealed that Noibi had tricked Aminat Yakub into coming to his flat, where he then allegedly sexually abused her while plotting with Olatunbosun, his younger sibling.

Yakub was allegedly invited by Noibi to visit his mother on Saturday, but when she got to his residence, she didn’t get to see her.

After making her consume an alcoholic beverage called “Bullet,” he allegedly physically attacked her before raping her.

According to The Punch, Noibi was also coerced his younger brother, Olatunbosun, with a knife so he could join him in the act, and filmed both of them while they were having sex.

When contacted, the spokesperson for the Ogun Police Command, Omolola Odutola, confirmed the incident and said that the suspects had been arrested and would be transferred to the State Criminal Investigation Department for a discreet investigation.

“On the 24/4/2024, at about 13:00hrs, one Aminat Yakub ‘F’, Aged 21 years, of Main Estate Oke Eri Area, came to the station and reported that on the 21/4/2024, at about 12:30hrs, she went to the house of one Olamijuwon Noibi ‘M’ at Oke Eri on invitation to come and greet his mother. When she got there, she discovered that his mother was not at home.

“Juwon forcefully pushed her into his room, then forced her to drink Black Bullet and forcefully had sex with her twice after a serious beating. He later invited his younger brother, Lukman, to come and have sex with her but when his younger brother refused, he took a knife threatening to kill both of them. In the end, his younger brother ended up having sex with her after a serious beating and equally took a video of them.

“Upon the receipt of the complaint, the team of patrol led by Asp Ayoola Alidu at the station and went to the scene of incident. The two alleged suspect was arrested one Olamijuwon Noibi, ‘M’, Age 27 Yrs and one Lukman Olatunbosun, ‘M’, Age 20 yrs,” a police statement.

The PPRO noted that both brothers confessed to the alleged crime, and the victim was taken to the General Hospital Ijebu-Ode for examination, saying that the suspects would soon be transferred to the State Criminal Investigation Department for “discreet investigation and further development will be communicated.”

Earlier report had it that the operatives of the Rivers State Police Command had arrested a 30-year-old man identified as Jeffrey for allegedly defiling the teenage daughter of his landlady in an estate in Abuloma, Port Harcourt Local government Area of the state.

It was learnt that the suspect, who had a tailoring shop at the estate, lured the 13-year-old girl to his business place one evening under the guise of showing her clothes.

But Jeffrey ended up locking the shop, overpowered the girl, and allegedly had his way with her.

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Lagos Government Pays N1.5bn WASSCE Fees For 58,000 Students

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58,000 pupils will be registered for the 2024 West African Senior School Certificate Examination this year, with the state government spending N1.5 billion, according to Tolani Alli-Balogun, Commissioner of the Lagos State Ministry of Basic and Secondary Education.

In announcing the ministry’s efforts to mark the first year of Governor Babajide Sanwo-Olu’s second term in office, the commissioner made this statement on Thursday.

On May 29, 2023, Sanwo-Olu took the oath of office for a second term as governor, vowing in his inauguration speech to disappoint the people of Lagos.

The commissioner, who spoke at the state secretariat, said, “The administration of Babajide Sanwo-Olu has never defaulted on the payment of WASCCE fees of all public school SS3 students in the four years of Governor Sanwo-Olus’s first term in office. The state government paid over N4.2bn between 2020 and 2023 to keep our promise of full payment of the West African Senior School Certificate Examination fees.

“In the current school year (2024), the governor has approved the sum of N1,571,076,000 as registration fees and other cost for 58,188 SS3 students writing the West African Senior School Certificate Examination.”

Last year, the West African Examination Council, which conducts WASSCE, noted that it had concluded plans to begin computer-based examinations in 2024.

It released the results of the first-ever CBT exam, 2024–First Series, in March this year.

The analysis of candidates’ performance showed that out of the 8,139 candidates that sat the examination, 3,424 candidates representing 42.07 percent obtained credit and above in a minimum of five subjects (with or without English Language and/or Mathematics).

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Dana Air Has Been Flying With Unhealthy Status, We’ll Audit All Local Airlines — Aviation Minister Keyamo

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Festus Keyamo, minister of aviation and aerospace development, says Dana Airline has been flying with an unhealthy status for a while now.

In an interview on Channels television on Thursday, Keyamo said that an audit report completed by his predecessor verified the airline’s unhealthy status and that internal reports from two years ago demonstrated that Dana Air was unfit to operate.

He also stated that the airline’s repeated incidents prompted him to call for a suspension.

Replying to the criticisms that trailed the suspension, Keyamo said he never wrote to the airline but instructed the Nigeria Civil Aviation Authority (NCAA) to do so.

“Before I came into office, I am sure you have heard consistent incidents involving perhaps Dana Airline, to mention a few of them. I am sure you heard that, at a point, on approach to the runway, the door flew open,” the minister said.

“I am sure you know that popular incident. Who are the engineers that are supposed to look at this? Who are the engineers that are supposed to check for the safety of the aircraft and its parts?

“There are also incidents involving one or two of its aircraft at different times, consistent. Of course, after the fatal crash of Dana, the other time that killed Nigerians.

“There were internal reports before I came in under my predecessor about a series of infractions by Dana Airline and the conclusion was that they were not healthy enough to fly but they went into the skies after such a report. What they did, how they did it before they told them to start flying again, we don’t know.

“While we argue back and forth about who has power and who doesn’t have power, the point is that the flying public is at risk, and if any tragic incident happens, it is the minister that would be called to resign. Nigerians will not spare the minister.

“For me, the last thing I want to happen to me as minister of aviation is to have blood on my hands. I mean the blood of innocent Nigerians as a result of either the negligence, deep complicity or corruption of those who are supposed to be regulators of the aviation industry.

“As minister, my job is to supervise them and to ensure that they carry out their duties. My duty is not to regulate. For those quoting the law, they should know that I know the law more than them.”

Speaking on the irregularities in the aviation sector, Keyamo said “there is deep complicity within the system”, stressing that the cleansing process would start and continue until they are resolved.

The minister said if the aircraft in the country’s aviation sector are not properly checked, then there will be “flying coffins” in the air.

He said beyond the suspension of Dana Air, the NCAA would carry out a comprehensive audit of all local airlines in the country to guarantee the safety of passengers and the health of the civil aviation industry.

On April 24, Keyamo directed the NCAA to suspend the operations of Dana Air after one of its aircraft veered off the Lagos airport runway on April 23.

Reacting to the suspension, the Aviation Safety Roundtable Initiative (ART) said it was unlawful for the minister to direct the NCAA to suspend an airline, urging the minister to respect the autonomy of the regulator.

Describing the directive as “external interference”, the aviation group advised the minister to focus his efforts on policy issues that positively impact the airline industry.

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