KEY POINTS
- Through his message Tony Elumelu requests worldwide backing for young entrepreneurial ventures across Africa.
- Through its $100 million funding distribution TEF has enabled Africa to generate 1.5 million employment opportunities.
- A lasting impact requires TEF and its global partners to develop strategic alliances with worldwide institutions.
Chairman of the Tony Elumelu Foundation Tony Elumelu requested worldwide stakeholders to back young African entrepreneurs as they lead the economic evolution of the continent.
At the Legacy Builders Palm Beach Conference in Florida, U.S. he showed how well-planned financial backing combined with guidance helps young enterprise leaders.
African entrepreneurs lead the way in employment generation and poverty elimination said Elumelu during his presentation about how TEF trained 2.5 million Africans while distributing over $100 million in direct funding to 21,000 beneficiaries.
Through these programs the initiatives have accomplished 1.5 million job creations also along with $4.2 billion in revenue generation throughout Africa.
Strategic Partnerships and Future Prospects
Elumelu declared that TEF requires partnerships with EU, UN and Red Cross institutions to achieve its full potential for impact growth.
Through enhanced pairing programs and informational exchanges and world-wide investments he wants to create an entrepreneurial center of excellence in Africa while removing institutional obstacles.
Elumelu made a direct call to the audience by asking stakeholders to partner with TEF in both African entrepreneurial transformation and ensuring each aspiring young African obtains equal opportunities for success.
