Championing change: Supporting African start-ups

The Tony Elumelu Foundation is making waves across the African continent with its impactful work in supporting young entrepreneurs. Under the leadership of CEO Somachi Chris-Asoluka, the foundation has been at the forefront of empowering a new generation of African business leaders through its flagship program, the Tony Elumelu Foundation Entrepreneurship Program. Since its inception in 2015, the foundation has supported 20,000 young entrepreneurs, disbursing over $100 million in seed capital grants to help them kickstart their businesses. The core mission of the foundation is threefold: to drive job creation, ensure poverty alleviation, and promote women's economic empowerment. By providing mentorship, access to networks, and business management training, the foundation equips entrepreneurs with the tools they need to succeed. One of the key areas where the foundation has been actively involved is the Democratic Republic of the Congo (DRC), a country with immense potential despite facing challenges such as conflict and poverty. Through strategic partnerships with the DRC government and development agencies, the foundation has supported over 444 young entrepreneurs in the country and is looking to expand its impact further. These entrepreneurs are driving economic growth, creating jobs, and contributing to sectors such as agriculture, renewables, and climate resilience. The foundation's commitment to supporting entrepreneurship is transforming the narrative of the DRC and empowering young people to drive positive change in their communities. For aspiring entrepreneurs looking to be part of the Tony Elumelu Foundation programs, the process is simple. By visiting TEFConnect.com, applicants can sign up to access resources, connect with mentors, and prepare for the annual application opening on January 1st. The foundation's transparent and fair selection process ensures that viable business ideas with long-term sustainability and a focus on the Sustainable Development Goals (SDGs) have the opportunity to receive support and guidance. The impact of the Tony Elumelu Foundation extends far beyond financial assistance, as it fosters a community of innovation, collaboration, and empowerment for young African entrepreneurs looking to make a difference. Through its dedication to promoting entrepreneurship and supporting the next generation of business leaders, the foundation is championing change and driving economic development across the continent.