Shell Energy Entrepreneurs banner Yudala banner
Tony Elumelu Foundation announces partnerships with African Development Bank, ECOWAS, Coca-Cola, Nigerian Ministry of Information

By News Express on 31/10/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 1,341


At the largest annual gathering of African entrepreneurs, held over the weekend in Lagos, Nigeria, the Tony Elumelu Foundation (TEF) hosted almost 1,000 women and men from 54 African countries, for the 2nd TEF Entrepreneurship Forum.

In his keynote speech, Foundation Chairman Tony O. Elumelu announced partnerships with regional institutions the African Development Bank, ECOWAS, and others including Coca Cola, the International Trade Centre, Nigerian Ministry of Information, Culture and Tourism and Côte d’Ivoire Ministry of Entrepreneurship.

Addressing the budding entrepreneurs, Mr. Elumelu stated: “I salute those here. Our ambition is that you become ambassadors for entrepreneurship in Africa – you are a generation of wealth creators, who share our commitment to the economic and social transformation of Africa. Let me tell you about Momarr Mass Taal, the CEO of Tropingo Foods, who has turned his first $5,000 seed capital received from the Foundation last year, into a $1.2 million revenue business. We all want many more of these! However, as excited as I am about the 2,000 entrepreneurs that we have selected, this gathering is in some ways bittersweet, as I reflect on the 63,000 ideas received in the Programme’s short two years of existence we were unable to select – our commitment is to all entrepreneurs in Africa.”

Elumelu challenged all stakeholders from the public and private sectors, civil society, multilateral organisations and all individuals invested in Africa’s economic development to join hands with the Foundation to support the wider African entrepreneurial community. “We need to support our entrepreneurs because extreme poverty and economic opportunity rarely coexist in the same place,” he said.

Applauding Tony Elumelu’s promise to not only empower entrepreneurs, but also to tackle the fundamental economic challenges confronting the African continent, President Ernest Bai Koroma of Sierra Leone called on others to emulate Elumelu. “Even when we had Ebola in Sierra Leone, Tony was there. His is an example which other successful Africans must follow,” Koroma said.

Focusing on the uniqueness of TEF’s approach to entrepreneurship development, Koroma hailed the programme as “a genuinely innovative approach to philanthropy in Africa – an African offering African solutions.”

“What is unique about this programme is that it not only provides a platform for entrepreneurs to build connections, but they are also being taught how to build their businesses in a sustainable way. Other philanthropists will be inspired to support and promote this philosophy,” he concluded.

The Forum celebrates the 2016 cohort of Elumelu Entrepreneurs, selected from over 45,000 applicants. It is the annual highlight of the Tony Elumelu Entrepreneurship Programme. The event saw the presence of leading policy makers and business leaders from across Africa, giving their support to the Foundation and its promise to identify, train, mentor and seed 1,000 entrepreneurs in a decade-long $100 million commitment. Following the Forum, each entrepreneur is eligible to receive up to $10,000 to implement their business plan.

The two-day forum buzzed with energy as entrepreneurs shared and gained knowledge, built cross-border partnerships, and connected with investors and policymakers, fulfilling the goal of fostering innovation and collaboration between entrepreneurs from across Africa.

On Day One, attendees benefited from masterclasses on traditional and alternative means of financing, sales and marketing, as well as sector specific workshops and an in-depth session on Africapitalism – Elumelu’s economic philosophy that identifies the leading role of Africa’s private sector, including its entrepreneurs, in Africa’s transformation.

In her opening remarks, Mrs. Awele Elumelu, CEO Avon Medical, Trustee of the Foundation and wife of Founder, Mr. Elumelu, welcomed the entrepreneurs to Lagos and commended their drive and effort in finding solutions to some of the continent’s most pervasive challenges. The CEO of the Foundation, Ms. Parminder Vir, invited entrepreneurs in the audience to continue to build the future and to challenge the flawed perceptions of Africa.

Day Two featured a high-level panel dedicated to identifying policies to strengthen the enabling environment for entrepreneurs, moderated by BBC anchor, Lerato Mbele, with panellists including His Excellency Ernest Bai Koroma, President of Sierra Leone, President Olusegun Obasanjo, Former President of Nigeria, Former Prime Minister of Benin Republic Lionel Zinsou, Alhaji Lai Mohammed, Honourable Minister of Information, Tourism and Culture and Mrs. Folorunsho Alakija, Vice Chair of Famfa Oil.

Opening the High-Level Panel, Mrs. Alakija congratulated the entrepreneurs, praised TEF’s focus on entrepreneurship and shared her own personal story of perseverance to demonstrate the entrepreneurs need for resilience and doggedness. Former President Olusegun Obasanjo hailed Elumelu’s perseverance and focus on giving back. “By every means, God has made His face shine upon you. You are not the only one, but unlike you, some others do not have the idea of empowering the next generation of Africans in the manner and scale that you are doing,” Obasanjo said. He further emphasised patience to the young entrepreneurs. In his words, “For strength in life you need a bit of adversity.” Obasanjo also called on the Nigerian government to implement policies that encourage investors and entrepreneurs to do business in Nigeria.

Former Prime Minister of Benin, Lionel Zinsou, commended the Tony Elumelu Foundation, stating: “What Tony Elumelu is doing is the exception, not the norm.”

Other speakers at the event included Clare Akamanzi, Representative of President Kagame of Rwanda;  Kennedy Uzoka, Group CEO of the United Bank for Africa Plc (UBA); Minster of Solid Minerals, Dr. Kayode Fayemi; Segun Awolowo, CEO of the Nigerian Export Promotion Council; Clem Ugorji, Public Affairs & Communications Director, Coca-Cola West Africa; Emeke Iweriebor, Regional CEO of UBA Africa (Francophone); Matthew Pearson, Head of Africa Equity Sales at ICBC Standard Bank; and Sam Nwanze, Chief Investment Officer at Heirs Holdings.

•Photo shows L-R; Former Prime Minister of Benin Republic Lionel Zinsou; Ex-Nigerian President Olusegun Obasanjo; President Ernest Bai Koroma of Sierra Leone; Mr. Tony Elumelu CON, Founder of Tony Elumelu Foundation; Mrs. Awele Elumelu, CEO Avon Medical; Vice Chair of Famfa Oil, Mrs. Folorunsho Alakija; and Minister of Information, Tourism and Culture, Alhaji Lai Mohammed.

Source News Express

Posted 31/10/2016 3:27:03 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
EFCC faults oil chiefs’ bid to quash N1.5bn...

Cross River seeks inclusion in FG’s list of...

Misty/Foggy morning to make way for sun and...

Angry workers shut down Environment Ministry over salary...

We don’t know why our licence was withdrawn...

Nigerian pop star Patoranking reportedly arrested in Uganda...

Senate wades into Etisalat Nigeria’s $1.2b debt crisis...

Lagos beefs up security with N15bn

Guber Polls: Gov. Dickson emerges PDP sole candidate...

Business mogul Okoya-Thomas of Asoju Oba fame reported...

RIGHTSView, By EMMANUEL ONWUBIKO: Is Nigerian Judiciary under...

Former UN Under-Secretary-General wins presidential nomination

 

Latest News 6 oil marketers in trouble over product diversion Turkey pitches tent with Palestine, unfolds plan to open embassy in East Jerusalem 66 percent of Nigerian prison inmates are on awaiting trial — NPS Troops capture 167 insurgents in Lake Chad Island Sultan urges Muslims to look for new moon What we learnt from the judgment on Anambra Central Senatorial dispute NIMASA DG advocates proper framework for blue economy Calabar Carnival a veritable platform for job creation, promotion of creativity — Minister Igbo Union plans database of members in South Africa The church can change the fortunes of Nigeria — Okowa Buhari’s blockbuster North-South Gas Highway Ghost companies lift N1.1tr crude oil

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (302,145 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (286,963 views) Shameless Genevieve Nnaji exposes breasts in public (231,765 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (194,127 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (183,869 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (171,074 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (147,860 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (132,879 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (131,149 views) Lagos plane crash: Journalist releases victims’ names (119,580 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (115,908 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (112,806 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,825) Business Verdict (30) Columnists (780) Complaints & Requests (94) Enterprise & Opportunities (195) Entertainment (422) Features (529) Global Business Monitor (198) International (1,695) Interviews (138) Live Commentary (28) Love Matters (93) News (31,102) Opinion (845) Pidgin (9) Politics (4,228) Religion (655) Sports (1,382) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

MOBO Awards

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!