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The Tony Elumelu Foundation is a philanthropic organization focused on empowering African entrepreneurs to reduce poverty, create jobs, and advance women’s economic empowerment across all 54 countries. It runs the TEF Entrepreneurship Programme and TEFConnect, providing training to millions and over $100 million in direct seed funding to more than 24,000 young African entrepreneurs since 2015. Guided by Africapitalism, the foundation highlights private-sector-led entrepreneurship as a catalyst for social and economic development, with beneficiaries creating about 1.5 million direct and indirect jobs and generating over $4.2 billion in revenue.
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