How the Tony Elumelu Foundation Is Driving Africa’s Entrepreneurial Revolution

At the dawn of Africa’s demographic dividend, the Tony Elumelu Foundation is reshaping the continent’s economic future. It replaces dependency on external aid with enterprise-led growth. Rooted in Africapitalism, the Foundation empowers local entrepreneurs. It offers more than grants. It leads a pan-African movement that fuels inclusive prosperity. Under Tony Elumelu and CEO Somachi Chris-Asoluka, TEF invests in human capital. It views each application as a bold vision for Africa’s tomorrow. Since 2015, the programme has disbursed over $100 million to 24,000 entrepreneurs. It has created 1.5 million jobs and generated $4.2 billion in revenue. Its ripple effect continues to expand across communities.

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