Congratulations to Liberia with a total of 33 selected Liberian entrepreneurs out of 3,050 selected young entrepreneurs from 54 African Countries were announced on Friday and unveiled as the beneficiaries of the 2019 Tony Elumelu Foundation (TEF) Entrepreneurship Programme. The Foundation said in a statement after the unveiling ceremony in Abuja that it would directly fund 1,000 of the entrepreneurs, with an additional 2,050 beneficiaries to be supported by partners. The beneficiaries of the $100 million fund committed to empowering African entrepreneurs emerged after undergoing a selection process by Accenture Development Partners. The foundation said its list of partners has continued to grow over the five years of its existence. The latest partners include the International Committee of the Red Cross (ICRC), the United Nations Development Programme (UNDP), the Federal Republic of Benin (Seme City), the Anambra State Government, Indorama Petrochemical Limited, the Government of Botswana and the African Development Bank (AfDB). This year, the foundation said over 216,000 applications were received, about 43 per cent increase from last year’s 151,000. From the number of applications, the foundation said almost 90,000 were submitted by female entrepreneurs, an increase of 45 per cent, in line with its strategy to promote greater gender equity. The foundation said each of the selected entrepreneurs will each receive a non- refundable $5,000 (approx N1.7 million) of seed capital, in addition to access to mentors, and a 12-week business training programme directly focused on the needs of African entrepreneurs. #TEF2019 #tefselection @tonyelumelufoundation @tonyoelumelu @tefconnect #tefconnect #Entrepreneur #Entrepreneurship #Africapitalism #AfricanEntrepreneurs Montserrado Media Special Report Desk..!!! https://www.instagram.com/p/BvaF_y5Bon2/?utm_source=ig_tumblr_share&igshid=1oapgk9s6aqk4
