Archive for Jan, 2016

The Tony Elumelu Foundation announces TEEP 2016, the second annual round of the Naira 17bn (US$100m equivalent) Tony Elumelu Entrepreneurship Programme (TEEP) for emerging African entrepreneurs.

  • In 2015, TEEP empowered 1,000 African entrepreneurs, selected from over 20,000 applicants, with start-up investment, active mentoring, business training, an entrepreneurship boot camp and regional networking across Africa.
  • Entrepreneurs, with an average age range of 21-40, from 51 African countries completed the programme and received $5,000 in seed capital for their start-up businesses.
  • The Tony Elumelu Foundation invested a total of $4,860,000, including $1,405,000 in agriculture; $410,000 in education and training; and $365,000 in manufacturing.  The sector-agnostic programme funded start-ups across a further 20 industries, all based in Africa.

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