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AfDB Approves $5 Million Grant for TEF Entrepreneurship Programme 2020

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The Board of Directors of the African Development Bank (AfDB) has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its outreach and impact to 1,000 select youth entrepreneurs. What this means is that extra 1000 applicants would be awarded $5000 each. Therefore, over 2000 applicants would …

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AfDB and Fidelity Bank Seal $15.35b Deal to fund MSMEs in Nigeria

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The African Development Bank (AfDB) has extended a $50 million (about N15.35 billion) facility to Fidelity Bank Plc for the growth of Micro Small and Medium Enterprises (MSMEs). The facility is designed to boost the bank’s capacity to promote the growth of the MSMEs segment of the economy. At the agreement-signing yesterday in Abuja, it …

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TEF Entrepreneurship Programme TEEP 2019 to Open in January

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The countdown begins! On 1st of January 2019, at 12am, WAT, Tony Elumelu Foundation will begin accepting applications for the 5th cycle of the TEF Entrepreneurship Programme. Outstanding African entrepreneurs who have start-ups or business ideas with high-growth potential are encouraged to apply. Launched in 2015, the Tony Elumelu Foundation Entrepreneurship Programme is the largest …

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Tony Elumelu Foundation to Select 210 More Awardees for TEEP 2018

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The Tony Elumelu Foundation has just announced an additional 210 slots for the TEEP 2018. In line with our commitment to improving access to opportunity for young Africans, we’re pleased to announce our recently signed MOU with German Developmental Organisation, Deutsche Gesellschaft für Internationale Zusammenarbeit to empower 210 additional from the 150,000+ of previously unselected applicants. …

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4th Annual Tony Elumelu Foundation Entrepreneurship Forum Announced for 25th October 2018

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5,000 Entrepreneurs to be welcomed in Lagos for Africa’s largest entrepreneurial convening Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its 4thannual TEF Entrepreneurship Forum. The largest gathering of African entrepreneurs and the broader entrepreneurship ecosystem will unite over 5,000 entrepreneurs, global investors, leaders …

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Startup Nigeria Releases Successful Candidates for Pitch Interview

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Startup Nigeria released the list of candidates that were selected for the interview stage. So congratulations to the successful Startup Nigeria candidates who have been selected and invited to the pitch interview! Those who are successful in the pitch interview stage will move on to the next stage. For now, it’s the North Central candidates …

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Check the List of TEF Entrepreneurship Programme 2018 Winners

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The list of TEF Entrepreneurship Programme 2018 Winners is out. For those that made it, I congratulate you and wish you the best. For those that didn’t make it, sorry about that. You need to try next time and I encourage you not to give up on your entrepreneurial journey. From 54 African Countries and over …

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CBN to Launch N10 Billion Fund for Egg Production

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The Federal Government, with the support of the Central Bank of Nigeria (CBN), has disclosed plans to launch a N10billion fund for the National Egg Production Scheme (NEPRO) in the country. The target of the scheme is to achieve a daily production of 50million eggs over the next five years for the purpose of local …

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A LIFELINE FOR SMES AS CBN PROVIDES 26 BILLION NAIRA ENTERPRISE DEVELOPMENT INTERVENTION FUND

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The Deposit Money Banks have begun the disbursement of the more than N26 billion enterprise development intervention fund under the Agriculture and Small and Medium Enterprises Investment Scheme (AGSMEIS) by the Bankers’ Committee. The bankers at their yearly retreat in Lagos, last December, agreed to put the funds in the hands of Micro Small and …

A LIFELINE FOR SMES AS CBN PROVIDES 26 BILLION NAIRA ENTERPRISE DEVELOPMENT INTERVENTION FUND Read More »

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