Africapitalism, a business philosophy made popular by one of Africa’s leading entrepreneurs, Tony Elumelu, will receive a boost at the 4th Annual Tony Elumelu Foundation Entrepreneurship Forum scheduled for 25th October, 2018.
No fewer than 5,000 entrepreneurs are expected at the event which will take place at the Federal Palace Hotel in Victoria Island, Lagos.
The 2018 edition of the forum, which is believed to be Africa’s largest entrepreneurial convening, will also witness an interactive session with two African leaders – Presidents Uhuru Kenyatta of Kenya and Nana Akufo-Addo of Ghana – while Tony Elumelu will serve as moderator.
Tony Elumelu Foundation is Africa’s leading entrepreneurship-focused philanthropic organisation.
The Forum, an annual event, will unite entrepreneurs, global investors, leaders from the African public and private sectors and developmental organisations in Lagos.
For the entrepreneurs and business leaders from across Africa, the event is a unique opportunity to generate ideas, forge networks and bring policymakers and the private sector together, in a spirit of robust debate and interaction.
According to the Foundation, the 2018 cohort from the Tony Elumelu Entrepreneurship Programme, as well as mentors and partners, will be present, as the culmination of their intensive twelve-week induction.
The Foundation has over the years, created a track record of bringing politicians face to face with the new generation of business women and men shaping Africa.
The most recent of such was the interactive session with French President, Emmanuel Macron.
This year’s Forum will also be spectacular, with the launch of the TEFConnect, the world’s largest digital platform for African entrepreneurs, dedicated to connecting African entrepreneurs and the entrepreneurship ecosystem.
Founder of the entrepreneurship programme that is reshaping African business, Tony Elumelu, CON, stated: “In just four years, we have directly impacted 4,460 entrepreneurs, and we are beginning to see the results – job creation, ripple effects, but most importantly a recognition that Africa’s economic well-being is driven by entrepreneurs: female and male, large and small – they are the engine of our continent’s transformation.”
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Elumelu further assures: “We will be championing and celebrating them. This year, we are truly achieving scale and impact; we received over 150,000 applications in 2017 alone, up from 20,000 applications in 2015. We are now calling on the current generation of African success stories and others to partner with us to see how we can all further create impact, genuinely transform millions of lives and increase the number of inspiring stories we will be hearing in Lagos.”
Similarly, TEF CEO, Parminder Vir OBE stated: “The TEF Entrepreneurship Forum is the only event across the continent that brings together the complete African entrepreneurship ecosystem, demonstrating our commitment to capturing the whole continuum – from the entrepreneurs themselves, governments who must provide enabling environments, to capital, advice and perhaps most importantly access and network.”
TEF is inspired by Elumelu’s economic philosophy of Africapitalism and his vision to institutionalise luck and democratise opportunity for a new generation of African entrepreneurs.
The Foundation has implemented one of the most ambitious entrepreneurship programmes globally.
The programme is a 10-year, $100 million commitment to identify, train, mentor, and fund 10,000 entrepreneurs.
Its goal is to invest in businesses that will generate at least 1,000,000 new jobs and contribute at least $10 billion in new annual revenues across Africa.
In its 4th year, TEF Entrepreneurship Programme has empowered 4,460 entrepreneurs with a total investment of $20 million; 4,000 funded directly by the Foundation and 460 have been funded by partners.
