TEF Announces $15M Grant for 3,000 African Entrepreneurs: How to Benefit and Apply
Photo Credit :TEF
The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 young entrepreneurs across 52 African countries as part of its 2025 Entrepreneurship Programme. This initiative provides African youths with access to capital, mentorship, and training to grow their businesses and contribute to economic transformation.
How Beneficiaries Will Benefit
Each selected entrepreneur will receive a non-refundable seed grant of $5,000 to either launch or scale their business. Additionally, they will gain access to:
Mentorship and Business Training: TEF offers structured business education and mentorship to help entrepreneurs navigate challenges and build sustainable enterprises.
Networking Opportunities: Beneficiaries become part of the TEFConnect platform, connecting them with a network of successful entrepreneurs, investors, and experts across Africa.
Long-Term Monitoring & Support: TEF tracks the progress of funded businesses six months after disbursement to ensure sustainability and impact.
Application Process and Eligibility
To be considered for the 2025 TEF Entrepreneurship Programme, applicants must:
Submit an Application Online: Interested entrepreneurs should visit the TEFConnect digital platform to apply.
Meet Selection Criteria: Applications will be reviewed based on feasibility, scalability, market opportunity, financial literacy, and leadership potential.
Undergo a Transparent Selection Process: The process is overseen by Ernst & Young to ensure fairness and credibility.
In the 21st century, Africa does not need aid; what it needs is investment in its youth.” – Tony Elumelu, Founder of the Tony Elumelu Foundation.
Impact of the TEF Grant
Since its launch in 2015, TEF has disbursed over $115 million to more than 24,000 entrepreneurs, creating over 1.5 million jobs across Africa. Women-owned businesses account for 45% of the beneficiaries, generating over $320 million in revenue.
A Call for More Investments
Founder Tony Elumelu emphasized that Africa needs investments in its youth rather than aid. He stated, “If we don’t invest in our young ones, we are creating problems for ourselves. The future of Africa lies in their hands.”
The TEF grant presents a golden opportunity for young African entrepreneurs to secure funding, training, and mentorship to grow their businesses. If you are a passionate entrepreneur looking for support, don’t miss this chance—apply on TEFConnect and take your business to the next level!
