On Sunday, March 22, at the iconic Transcorp Hilton Abuja, our philanthropic arm, Tony Elumelu Foundation (TEF), unveiled the 12th cohort of its flagship Entrepreneurship Programme, announcing a total of 3,200 beneficiaries across all 54 African countries who will receive a non-refundable seed capital of $5,000 each, alongside mentorship, and training to transform their ideas into impactful businesses.
This year, TEF, in collaboration with several partners across the globe, including organisations from our Group; Heirs Energies, Transcorp Power, Transcorp Hotels Plc, and United Capital Plc; will disburse a total of $16m to the selected entrepreneurs.
“Beyond speaking is action. At Transcorp we are very proud to be partners of the TEF Entrepreneurship Programme, where we have empowered over 500 entrepreneurs with over $2m and counting. We intend to do more.” – Owen Omogiafo, President/GCEO, Transcorp Group
“Heirs Energies is possibly one of the greatest examples of Africapitalism. For our host communities, we directly have empowered over 500 youths through skills acquisition and micro business. We have supported over 1,600 students through educational grants, reached over 18,000 people through our medical outreach, and delivered 135 community development projects.”- Osa Igiehon, MD/CEO, Heirs Energies
“I am delighted that the Tony Elumelu Foundation’s commitment to fund and empower African youth is generating a serious effect across the African continent. We are proud to be associated with this great vision.” -@Peter Ashade, GCEO, United Capital
“What we do at the Heirs Holdings Group is about improving lives and transforming our society” – Tony Elumelu, CFR
Watch the full session here https://www.youtube.com/live/
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