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Also speaking, Ahunna Eziakonwa, Assistant Administrator and Regional Director for Africa (UNDP) said they partnered TEF due to similar belief in galvanising development across Africa and globally, adding that Africa’s wealth was its population, which constitutes 70 per cent of young, vibrant and innovative Africans.
“It is our loss if we don’t invest in them because that is the future of prosperity,” she said, just as she called for enhanced collaboration and investment to strengthen economic development of African youths.”
Earlier on, TEF Chief Executive Officer (CEO), Somachi Chris-Asoluka, said the organisation is the partner of choice for all development agencies across the world who want to transform the way they give to Africa, who want to have a more catalytic, impactful partnership with the African continent.
She said: “The Tony Elumelu foundation is a leading philanthropy in Africa empowering young African entrepreneurs from all 54 African countries.”
“We launched our flagship program, the Tony Elumelu foundation Entrepreneurship programme in 2015 with a $100 million commitment by Mr Elumelu and his family.”
“His goal was to see 10,000 African entrepreneurs over 10 years, in only eight years, we have more than surpassed that target so date.”
“We have funded 18,000 entrepreneurs, disbursing over a 100 million dollars directly as seed capital to these entrepreneurs and they have gone on to create over 400 thousand jobs across all African countries.”
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