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Tony Elumelu Foundation Opens Applications for 5th Cycle of $100m Entrepreneurship Programme

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  • Application exclusively available on TEFConnect.com – the largest digital networking platform for African entrepreneurs
  • Invitation to join existing 4,470 programme Fellows
  • 4th Cycle drew over 150,000 applications from across the African continent

The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme.

The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. The Programme’s objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa. Now in its 5th year, the TEF Entrepreneurship Programme has empowered 4,470 entrepreneurs, using a bespoke and robust selection, training and implementation process to create visible and sustainable impact across all 54 African countries.

Outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas are invited to apply. We are particularly looking to grow representation from French, Arabic and Portuguese speakers, as well as female entrepreneurs.

Inspired by Tony Elumelu’s economic philosophy of Africapitalism and his vision to institutionalise luck and democratise opportunity for a new generation of African entrepreneurs, the Foundation has implemented one of the most ambitious entrepreneurship programmes globally. Selected entrepreneurs from previous years have transformed their businesses and their communities after gaining from the Programme’s 7 pillars: $5,000 in seed capital; business development training; one-on-one mentoring; access to TEFConnect; pan-African meetups; TEF network membership; and participation at the annual TEF Entrepreneurship Forum, the largest convening of the African entrepreneurship ecosystem.

Founder, Tony O. Elumelu, CON, stated: “The private sector must be the core driver of Africa’s economic transformation, but this sector cannot attain its full potential if entrepreneurs are left behind. We call on all stakeholders – policymakers, business leaders and development agencies – to actively commit to creating a better future for our young Africans who have demonstrated intellect, skill, and passion, to empower them to succeed because their success is Africa’s success. The TEF Entrepreneurship Programme is by far the most impactful project of my life and represents my commitment to transforming Africa through entrepreneurship”.

Parminder Vir, CEO, Tony Elumelu Foundation, said: “Our entrepreneurs illustrate the Foundation’s commitment to transform the African economy, by building on the intelligence, skills and resourcefulness of Africans. I encourage all ambitious young Africans to take advantage of this unique opportunity”.

The Foundation, which has recently hosted President Macron of France, President Uhuru Kenyatta of Kenya and President Nana Akufo-Addo of Ghana in dynamic interactive sessions with young African entrepreneurs, is committed to supporting the entire entrepreneurship ecosystem – from the entrepreneurs themselves, governments who must provide enabling environments, to capital, advice and most importantly access and networks.

The TEF Entrepreneurship Programme is open to citizens and legal residents of all African countries, who run for-profit businesses based in Africa that are no older than three years. The deadline for applications submission is March 1, 2019.

Applications will be judged based on criteria including: feasibility, scalability and potential for growth of the product/service; market opportunity for the idea/business; financial understanding, leadership potential and entrepreneurial skills.

Applicants can apply on TEFConnect – www.tefconnect.com – the largest digital networking platform for African entrepreneurs.

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Motoring

Kia to launch stylish new Ceed crossover

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From the very beginning of Ceed development 15 years ago, Kia has taken an open-minded approach to potential body styles. Many have been considered, and, in creating the new Ceed range, Kia’s European designers have been given the freedom to explore many different possibilities.

Now, with one additional idea standing out above all others, Kia is set to welcome a new arrival to the Ceed model family. Gregory Guillaume, Vice President of Design for Kia Motors Europe, explains: “There’s another style, another type of vehicle, that we feel very strongly deserves to be a new member of the Ceed family. It will the play the role that’s needed to make the Ceed range stronger and even more exciting, more appealing, to European consumers. The design will be nothing like you’ve seen in the Ceed family so far. This will be the next big surprise from Kia.”

With the arrival of the new Ceed, Ceed Sportswagon and ProCeed, Kia’s best-selling model family hasn’t stopped growing, and the newest member will shake things up again. The new Ceed crossover will be named and revealed later in 2019.

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BUSINESS

Unitel to chair the GSMA Association Africa Fraud and Security Group

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Unitel was elected to chair the GSMA Association Africa Fraud and Security Group (AFASG), a specific working group dedicated to dealing with critical fraud and security issues for the telecommunications industry in Africa.

The mandate has a period of two years, renewable for two more, upon evaluation of the work carried out and subject to a new election. The appointment is the result of an application process which is based on the presentation of a Strategic Leadership Plan for the Group in Africa, submitted to the consideration of its members.

Unitel competed with MTN (which has 18 operations in Africa) and with Wana Corporate, Morocco. The role of Chair will be assured by the Director of Risk, Fraud and Security of Unitel, José Carlos Sobreira Martins.

The AFASG includes the major telecommunication groups in Africa such as: Orange (18 operations in Africa); MTN (18); Airtel (16); Vodafone / Vodacom (8) and Millicom / Tigo (4), in addition to other individual mobile operators and Associate Members such as technology vendors such as Ericsson and Huawei.

AFASG is an entity within the framework of the GSMA Association, which in turn represents the international interests of all mobile telecommunications operators in the world. There are more than 800 mobile operators, and more than 350 associated companies that are part of the broad mobile ecosystem.

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African Development Bank: Professor Anthony Nyong named among world’s “100 Most Influential People in Climate Policy”

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The African Development Bank  is pleased to announce  the nomination of Professor Anthony Nyong, Director for Climate Change and Green Growth, as one of the ‘100 Most Influential People in Climate Policy 2019’ by Apolitical, a peer-to-peer learning platform for governments.

Nyong, a pioneering and globally recognized climate change expert, was named among the top 20 on the prestigious listing announced Wednesday in London.

Lisa Witter, Apolitical’s Executive Chairman said: “The need to reduce greenhouse gas emission is urgent. 174 countries and the EU agreed to act at the Paris Agreements. At Apolitical, we highlight the good work that government does and help it to become even better. By showcasing these climate policy leaders, we hope to encourage more collaboration and exchange to accelerate the effective response to the global climate threat.”

Nyong joined the Bank in 2008 and built up the Bank’s climate change initiatives including its Green Growth Agenda. Prior to joining the Bank, he worked as a Senior Program Specialist for Climate Change at the International Development Research Centre in Nairobi. In this role, Nyong successfully mobilized substantial resources to set up the Climate Change Adaptation in Africa program that has significantly built adaptation capacity across the continent. Prior to that, he was a Coordinating Lead Author of the Fourth Assessment Report of the Intergovernmental Panel on Climate Change and was a Co-Recipient of the 2017 Nobel Peace Prize for his contributions. Mr. Nyong also served as a Professor of Climate Change at the University of Jos, Nigeria.

“We are delighted by this nomination of one of our own to this list,” Bank Vice President, Power, Energy, Climate and Green Growth, Amadou Hott said. “It is a worthy recognition of his – and the Bank’s -commitment to respond to climate change threats on our continent, which remains disproportionately affected.”

Apolitical’s ‘100 Most Influential People in Climate Policy’ list celebrates inspirational leaders, politicians, advocates, youth activists, academics and diplomats from all over the world whose work is indispensable to raising awareness, such as Greta Thunberg, the 16 year old Swedish activist and Nobel Peace Prize nominee, who sparked off a worldwide movement to fight against global warming, Alexandria Ocasio-Cortez, the youngest ever US Congresswoman and lead advocate of the Green New Deal, Patricia Espinosa, and David Attenborough, world-renowned British historian.

The list was compiled from hundreds of nominations from governments, international organisations and academia, including the UNDP, Harvard, Oxford, Bloomberg, the Climate Action Network.

“It is an honour to be acknowledged amongst such an influential list of leaders who are passionate and actively working to influence policy and make a tangible difference towards addressing global climate change,” said Nyong. “Climate change has evolved from an environmental worry to a threat on global development, particularly in Africa. The African Development Bank under the leadership of Dr. Akinwumi Adesina, has demonstrated a strong commitment at both policy and implementation level, to climate compatible development in Africa.”

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