Skip to main content

Youth fund: 37 Kenyans entrepreneur selected for Tony Elumelu foundation


NAIROBI, KENYA: 37 Kenyans have made it to this year’s fourth cycle funding in the Tony Elumelu Foundation (TEF) entrepreneurship programme.
More than 150,000 Africans from 114 countries worldwide applied to join the programme
The foundation announced the African entrepreneurs with the most innovative, high-potential business ideas awarding Kenyan entrepreneurs with bankable business ideas that were feasible and financially scalable an opportunity to benefit from mentorship and funding of up to Sh500,000.
The 2018 cohort included an additional 250 entrepreneurs to the standard selection of 1,000 – thanks to: a $1,000,000(Sh100million) partnership with the International Committee of the Red Cross (ICRC) to support 200 entrepreneurs in conflict and fragile zones of Africa.

Kenya has had over 200 entrepreneurs who have benefited from the grant. There has been quiet an improvement this year compared to other years and Youth Enterprise Development Fund was applauded by TEF for mobilising entrepreneurs to apply for the 2018 cohort.
“The number and quality of applicants 151 000 in total, was outstanding – it illustrates the strength and depth of entrepreneurial promise and commitment on our continent,” said TEF Founder, Tony O. Elumelu.

“Selection is never easy, and we profoundly regret that we cannot help all. Our partnerships with the Red Cross, UNDP and Indorama, alongside ongoing discussions with other international organizations, reflect the growing global recognition of what we have known all along - that entrepreneurship is the most effective path to sustainable development on our continent and our progamme is the model to follow," he added.
There was a near 50-50 split between male and female an applications reflecting the entrepreneurial ambition of Africa’s women.
Agriculture was the leading sector among selected entrepreneurs at 30.5 per cent, followed by technology (10.5pc) and education & training (9 percent).
Labels:

Comments

Post a Comment

Popular posts from this blog

GHANA: Ghana top leading consumer of fresh tomatoes in Africa and second in the world.

Ghana is the leading consumer of Fresh tomatoes in Africa and the second in the world, Mr Eric Osei Tuffuor, the Chairman of the Ghana National Tomatoes Traders and Transporters Association (GNTTTA) has stated. Ghana is the leading consumer of Fresh tomatoes in Africa and the second in the world, Mr Eric Osei Tuffuor, the Chairman of the Ghana National Tomatoes Traders and Transporters Association (GNTTTA) has stated. He said presently Ghanaians consumed 90 per cent of fresh tomatoes produced in Burkina Faso which cost the country 56 billion CFA annually in importation. Mr. Tuffuor made the statement at a meeting with tomato farmers, traders, some executive members of the Association and Mr George Oduro, a Deputy Minister of Food and Agriculture at Tuobodom in the Techiman North District of Brong-Ahafo Region. It was organised by the Assembly at the instance of President Nana Addo Dankwa Akufo-Addo following the farmers' concern for government's support ...
Post a Comment
read more»»

AAUA ELECTION UPDATE! BOWBOW emerge as new president

After the conclusion of AAUA SUG election, here are the result of the updated result after students cast their vote. Below are the lists and arrangement of the  votes; AAUA 2018 ELECTION  UPDATE !!! As at 5:00 ( the end of the voting process) Total voters accredited  - 6129 Total votes casted - 349 total persons remain unvoted - 2340 PRESIDENT Elyte - 137 yomitty - 349 bowbow - 1956 WINNER Jega - 880 yellow - 127 VICE-PRESIDENT ANIKKY- 1500 OMO-B - 2027 WINNER GEN- SEN BASEHITZ - 409 TOSYNO - 780 MARSHALL- 551 ORHE- 1796 WINNER PRO BOBOVID - 918 SEGUN DANIELS - 1970 WINNER KUTA - 588 TREASURER OLORI -648 AFOLAS- 1885 WINNER FABULOUS- 887 WALFARE BALINGA- 522 SHANA- 946 MR CLASSIC - 2016 WINNER FIN SEC OLA-EMBASSY- 1873 WINNER RESOURCES- 1592 SOCIAL DIR HOLUWABASSEY- 2562 WINNER TOBI MARSHAL- 878 SPORT DIR PHERYDEE- 1766 WINNER HYBEE - 1732 AGS IMPACT - 2416 WINNER       
Post a Comment
read more»»

What a pity! Man die after eaten poison fried yam while traveling in the express Road.

A middle-aged man from the Local Government Area of ekiti, Niyi olaiya, traveling along edo at the weekend  died after eating yam he bought at the roadside in the express road. A woman from the area had earlier died after eating the yam sold by some market trader at the road of Edo. The man is said to have purchase at the roadblock along the express road  when he was hungry in the public transport and after purchasing  yam which he immediately remove and ate. Sources in the public transport reported that 30 minutes after eating the yam, which the people consider as poison yam , the man started vomiting bloody substance while his stomach started swelling. He gave up the ghost 45 minutes later. people are therefore advised to reduced the rate of eating cooked food along the express road.
Post a Comment
read more»»