The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the 5th cycle of its $100million TEF Entrepreneurship Programme.
Tony Elumelu Foundation directly funds 1,000 entrepreneurs and an additional 2,050 beneficiaries are supported by Foundation’s partners.
The selected Entrepreneurs will each receive non- refundable $5,000 of seed capital, access to mentors, and a 12-week business training programme, directly focused on the needs of African entrepreneurs.
On July 26 – 27 2019, they will gather at the TEF Entrepreneurship Forum, the largest annual gathering of African entrepreneurs and the entrepreneurship ecosystem on the continent.
3 selected entrepreneurs from Lesotho are:
- Boleme Setsoto Innocent, Transportation
- Likotsi Mantsane Mantsane, Agri-Business Farming
- Maraisane Tsele Clinton, Waste Management
As compared to 2018, entrepreneurs selected in this round come from diverse sectors. However, the country representation doesn’t show any signs of growth. To reiterate, there’s a need for more efforts towards strengthening the entrepreneurship ecosystem in Lesotho.
Entrepreneurs sponsored by other partners are:
- Mohloboli Keiso Ruth, Media and Entertainment
- Pampiri Moabi Robert, Manufacturing
About Tony Elumelu Foundation
The Tony Elumelu Foundation (TEF) is the leading African philanthropy committed to empowering African entrepreneurs. Founded by African investor and philanthropist, Tony O. Elumelu, CON, the Foundation is guided by the philosophy, Africapitalism, which proposes that the private sector holds the key to unlocking the sustainable development of Africa.
Since its inception in 2015, the Programme has empowered 4,000 African entrepreneurs directly and an additional 470 entrepreneurs supported by the Foundation’s global partners.