These Five Young Africans Deserve Tony Elumelu’s $100m
VENTURES AFRICA – “African entrepreneurs need opportunity in the form of mentorship, capital and business ecosystems that favour their success,” says Nigerian serial entrepreneur, Tony Elumelu, who is committing $100 million to support the next generation of African entrepreneurs.
Through his Tony Elumelu Foundation, the chairman of Heirs Holdings intends to, over the next decade, support 10,000 African entrepreneurs and start-ups, who can create 10,000 African-owned businesses and generate one million jobs, which can contribute $10 billion to revenues across the continent.
A quick scan of the continent’s entrepreneurial space stirs up arguments over deserves a ticket to the inaugural programme; who might be up for the first tranche of funding from the Tony Elumelu Entrepreneurship Programme; those that have journeyed through difficulties faced by start-ups undaunted, and are prepared for the opportunity Elumelu has to offer through his “act of faith in our entrepreneurs.” More importantly, those that have provided jobs.
Ventures Africa’s offers five Africans that fit this bill.