An Entrepreneurial 2015: How This Businessman Launched A $100m Programme

Tuesday, December 23, 2014

Tony Elumelu CON, is a Nigerian Entrepreneur, with over twenty years experience in the Banking and Investment sector in Africa. In the course of his career, Elumelu says he has met hundreds of entrepreneurs who carry in them the hope of Africa’s future. “Many of them young people with incredible dreams and business ideas but without the experience or the access to mentoring and support required in order to build a bankable business plan,” he said.

With no access to the right resources and lack of know-how, the ideas remain dreams in the hearts of the young African population, while the continent’s growth is stifled by high rates of unemployment and poverty.

But not for much longer.

Elumelu has chosen to rise to the challenge. The Nigerian entrepreneur has personally committed $100 million to empower African entrepreneurs through the newly launched Tony Elumelu Entrepreneurship Programme (TEEP).

Elumelu who is the chairman of Heirs Holdings and the Tony Elumelu Foundation, at the launch of the programme in Lagos Nigeria on December 1, 2014, said that his philanthropic commitment was driven from the stance that government and big corporate companies alone cannot provide the number of jobs required by the millions of young Africans entering the job market every year.

Source: Ventures Africa (link opens in a new window)