Funding For African Entrepreneurs

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Funding For African Entrepreneurs
Funding For African Entrepreneurs

Coming into a new year, we have a number of opportunities abounding in Africa for the young and rising entrepreneurs to be able to fund their businesses. In this write-up and the preceding ones, we will be giving out information about the ones available for now and we hope to bring more to you as we lay hands on the information.

We will be considering foundations that are committed to raising young entrepreneurs, helping them to fund their virgin businesses and also helping to see them achieve the feat of recreating and rebranding the African market.

Tony Elumelu Entrepreneurship Program (TEEP) — $10,000

The Tony Elumelu Foundation (TEF) that is considered as Africa’s largest philanthropy supporting entrepreneurship is at the moment receiving applications from Africans with bright and innovative ideas that could transform Africa. The goal of this programme, that is in its 4th cycle is TEF’s 10-year, $100 million commitment to identify, train, mentor, and fund 10,000 African entrepreneurs by 2024.

The programme comes with its benefits, namely,

Training: A 12 weeks intensive online training that guides you through creating and managing a business.

Mentoring: You get a world-class mentor that will guide you through the early phases of the transformation of the business.

Funding: $5,000* in seed capital to prove the concept, plus access to further funding.

Network: Opportunity to share in the largest network of African start-ups and TEF’s own global contacts.

If interested, You may visit the website to apply. Deadline is March 1, 2018