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“Entrepreneurship Is Key To Unlocking Economic Development Of Africa,” Tony Elumelu Says At TEF Entrepreneurship Forum

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Bank operational now in Akwa, Douala ! Coming soon in Buea, Limbe and Kumba [Cameroon]

Thursday, October 25, 2018, 5,000 African entrepreneurs, private and public sector leaders and the broader entrepreneurship ecosystem convened in Lagos for the annual Tony Elumelu Foundation (TEF) Entrepreneurship Forum.

The event which is the largest gathering of African entrepreneurs in the world, is a unique opportunity for bringing together young business talent, creating dynamic networks and transmitting the message to policymakers that a vibrant and responsible private sector will deliver economic transformation.

Now in its fourth year, the Forum marked the graduation of the 2018 cohort of the TEF Entrepreneurship Programme, following a rigorous nine-month period of training, mentorship and funding, which brought the total number of beneficiaries of the Programme to 4,470, with over 300,000 applications received to date.

One of the highlights was the unveiling of TEFConnect, a revolutionary digital community that brings together the complete entrepreneurshipecosystem across Africa and beyond, including entrepreneurs, investors and the broader business community on one platform, connecting them digitally with three vital elements for success – capital, market and business tools. Africa is riding a wave of rapid technological driven change in payment systems, education, agriculture and infrastructure and TEFConnect fulfills a critical role in linking entrepreneurs across the continent.

Commencing with a series of goodwill messages from key stakeholders in the investment, governmental and development communities, the event featured a pitching competition, panel discussions, as well as a vibrant interactive session between His Excellency, President Nana Akufo-Addo and the entrepreneurs, moderated by TEF Founder, Tony O. Elumelu. It also featured a session on the role of the private sector in the economic development of Africa with Dr. Awele Elumelu, TEF Trustee, Founder, Avon Medical and Gavi Champion for Immunisation in Africa; moderated by CNNMoney Africa Correspondent, Eleni Giokos. Parminder Vir, CEO, Tony Elumelu Foundation also unveiled the TEF Impact Documentary, featuring success stories of the Tony Elumeluu Entrepreneurs. 

Tony Elumelu reiterated his commitment to championing Africa’s economic development by supporting and training a new generation of entrepreneurs, whose successes can transform the continent, delivering opportunity, job creation and social impact. ‘Africa’s future is in African hands’ he stated.

“Our Foundation and its unique approach of training, mentoring and funding has proven that entrepreneurship is the key to unlocking economic transformation of our continent. I believe so strongly that success can be democratized and if we can match ambition to opportunities, this extraordinary generation can achieve anything,” said Tony Elumelu.  “With TEFConnect, we have created a tool, that provides a digital platform to host ideas, champion success and demonstrate Africans ability to use the most advanced technologies to take charge of their economic destinies.”

His Excellency, President Nana Akudo-Addo of Ghana underlined the importance of galvanizing the broad entrepreneurship eco-system, calling on public sector representatives to encourage, support and replicate the work of the Tony Elumelu Foundation in their respective regions.

Speaking on the importance of putting the right policies in place, President Nana Akufo-Addo said: “Nothing is changed or developed on its own. People must get up, speak, have discussions and change the dialogue”.  

Since its inception, the Tony Elumelu Foundation has empowered African entrepreneurs across the continent with a $5,000 non-refundable seed grant, a bespoke training programme designed specifically for the African environment and access to a dedicated group of mentors, significantly contributing to economic growth, job creation and revenue generation


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ARREYB
 

I am Arrey Bate Arrey I am a blogger, digital journalist, Online Marketing consultant & digital entrepreneur who has been featured on the BBC World Service, British Council and other international media. 6 years as a communicator, I am one of Cameroon's best digital communicators and listed among British Council's Top 100 Young Journalists Worldwide in 2019. My blog www.arreyb.com was nominated at Infinity Blog Awards USA among top 200 blogs from 3,000 submissions worldwide. With a deep knowledge of social media, I founded Arreyb Media, an online media in advertisement, digital branding and blogging with more that 100,000 monthly views on our website www.arreyb.com . I have built an insight driven online advertising and digital advertising skill serving 500+ brands and running even online presidential election campaigns. I have a deep insight-driven & customer-centered knowledge consulting and developing successful B2B and B2C go-to advertising/marketing ideas and was the first blogger to organize a national tour in Cameroon. The ARREYB Media national tour (ABNTour) was a series of 7 conferences held in 7 towns in Cameroon to train young entrepreneurs & media persons on digital branding and building a band, business or career via social media . Always smiling, I report as a journalist, consult as a media expert I am the founder of the AB Afrikpreneur Awards, an African award to celebrate entrepreneurial bodies & systems across Africa and the author of the book "How To Make Money, Build Right Relationships With Social Media" Through our media prowess, my team and I have been able to help several business owners, brands and institutions make more money and enjoy the beauty of business. I can do same for you ! I believe you have what it takes to change the world and live the life you’ve always wanted. The question is, are you ready to take your business or brand to the next level and start making more money ? I am one click away & anxious to help you [arreybmedia@yahoo.com]

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