Tony Elumelu Foundation Entrepreneurship Programme shortlisted, 3,050 selected entrepreneurs
out of 216,000+
African entrepreneurs for the 5th cohort of the US$100m
The big announcement was made known today by the TEF Board of Trustees after they had discuss and strategize for the next 5 years of Africa’s leading entrepreneurship Programme. As they also made known the parameters used in selecting shortlisted applicants are: Feasibility, Market opportunity, Scalability, Leadership skill and Viability of the idea.
According to TEF review, there as a rise in businesses as both men and women rise to build businesses that will transform Africa.
In 2015, the review shows that 20,000 applications were received, 1,000 entrepreneurs was selected, 76% male & 24% female.
Then, in 2019: 216,000 applications were received, 3,050 entrepreneurs were selected, 58% male & 42% female.
The express their excitement has there is a highly measurable rise in entrepreneurship, especially female entrepreneurs.
