Beneficiaries receive $5,000 each as Tony Elumelu Foundation announces 2024 cohort 

The Tony Elumelu Foundation (TEF) on Friday announced the selection of 1,104 beneficiaries from 54 African countries for the 2024 edition of its annual entrepreneurship programme.

Speaking during the event held in Lagos, the Chairman and Founder of the TEF, Tony Elumelu, said each of the beneficiaries will receive a non-refundable seed capital of $5,000.

He said that the selection process was conducted by the globally renowned accounting firm, Ernst & Young.

Mr Elumelu explained that the TEF programme since its inception in 2014 has disbursed $100 million to over 20,000 beneficiaries and is responsible for the creation of over 400,000 jobs across Africa since inception.

“I welcome you all to this event. Today, I am Plus 1, and my family and I thought that there was no better way than announcing the 10th cohort of the 2024 Tony Elumelu entrepreneurship programme beneficiaries. These 1,104 young men and women will receive a non-refundable $5,000 seed capital.

https://www.hawkersv.com/2024/03/tony-elumelu-foundation-to-give-5000-to.html