US EditionNigeria: 'Tef's Entrepreneurs Generated $4.2b Revenue, Created 1.5m Jobs'
- On Sunday, President Bola Ahmed Tinubu sent heartfelt birthday greetings describing Tony Elumelu, Nigerian billionaire businessman, as 'African business icon' and wished him good health, strength and continued success, spokesperson Bayo Onanuga said.
- Tony Elumelu Foundation has supported entrepreneurs who generated $4.2 billion in revenue, created 1.5 million jobs, impacted 4.2 million households, and lifted 2.1 million people out of poverty.
- The foundation unveiled a 2026 cohort that will disburse $16 million to 3,200 entrepreneurs across 54 African countries and includes partnerships with the IKEA Foundation, UNICEF Generation Unlimited, UNDP, Rwanda Ministry of Arts and Youth, European Union, GIZ, BMZ, and OECD plus green business management training.
- In his remarks, Tinubu highlighted Elumelu's roles as Chairman of United Bank for Africa and founder of Heirs Holdings and Transcorp, praising his promotion of Africapitalism.
- Facing high youth unemployment, TEF is arming beneficiaries with Artificial Intelligence training and AI thinking to ensure MSMEs and entrepreneurs boost 2026 business competitiveness.
13 Articles
13 Articles
‘TEF’s Entrepreneurs Generated $4.2b Revenue, Created 1.5m Jobs’
Entrepreneurs supported by the Tony Elumelu Foundation (TEF) have generated some $4.2 billion in revenue and created 1.5 million jobs. This was disclosed yesterday as the foundation unveiled the 2026 cohort of its entrepreneurship programme with a total disbursement of $16 million to 3,200 entrepreneurs across 54 African countries. Speaking in Abuja on Sunday at the unveiling, Founder of TEF, Mr. Tony Elumelu also noted that the Foundation has s…
Tinubu felicitates Tony Elumelu on 63rd birthday, hails Africapitalism drive
The Chairman of Heirs Holdings, United Bank for Africa and Transcorp, turned 63 on 22 March 2026 The post Tinubu felicitates Tony Elumelu on 63rd birthday, hails Africapitalism drive appeared first on Premium Times Nigeria.
An African business icon—Tinubu hails billionaire Tony Elumelu on his 64th birthday
President Bola Ahmed Tinubu has sent heartfelt birthday greetings to Nigerian billionaire businessman Tony Elumelu on the occasion of his 64th birthday, describing him as an “African business icon.” In a statement issued on Sunday by his spokesperson, Bayo Onanuga, the president commended Elumelu for his outstanding contributions to business expansion and enterprise development across Nigeria and the African continent. Tinubu noted that as Chair…
Tony Elumelu Foundation Entrepreneurship Programme: 19 Ivorians Among the Winners of the 2026 Cohort
The 2026 cohort of the Tony Elumelu Foundation's Entrepreneurship Programme (TEF) identified 19 Ivorian entrepreneurs, selected from among 3,200 winners across the African continent, on Sunday, March 22, 2026, from several hundred thousand applications from 54 African countries, highlighting the vitality and competitiveness of the Ivorian entrepreneurial ecosystem.
Tony Elumelu Foundation Announces 3,200 Entrepreneurs Selected For 2026 Programme Across Africa
The Tony Elumelu Foundation (TEF) has revealed the names of 3,200 entrepreneurs selected for its 2026 Entrepreneurship Programme, reinforcing its mission to empower young African business leaders and drive inclusive economic growth across the continent. Since its inception in 2015, TEF has disbursed over $100 million to more than 24,000 entrepreneurs, creating 1.5 million jobs and generating $4.2 billion in revenue. Speaking at the official unve…
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