How to Answer the TEF 2020 Application Questions

How to Answer the TEF 2020 Application Questions

The Tony Elumelu Foundation Entrepreneurship Programme applications for the 6th cohort of the is ongoing. If you have a business idea or startup business that is less than three (3) years in operation. Then this is your call.

About the Tony Elumelu Foundation Entrepreneurship Programme

The Tony Elumelu Foundation (TEF)—Africa’s foremost philanthropy dedicated to empowering African entrepreneurs—is seeking for young entrepreneurs across Africa with the most innovative business ideas to apply for its flagship Entrepreneurship Programme.

The Entrepreneurship Programme in just 5 years of its existence has empowered from 54 African countries over 9,000 young African entrepreneurs.

The TEF Entrepreneurship Programme is the $100million commitment of Tony O. Elumelu, CON, an African investor and philanthropist, to identify, mentor, and fund 10,000 African entrepreneurs in 10 years, with the goal of creating millions of jobs and revenue on the continent. 

As its stand, the programme has already scaled beyond her initial commitment to fund about 10,000 African entrepreneurs with the support of its partners.

Tony Elumelu Foundation Entrepreneurship Programme

What the TEF Entrepreneurship Programme Offers:

  1. Business Training
  2. Mentorship
  3. $5,000 non-refundable seed capital
  4. Global Networking Opportunities

Eligibility/Criteria

  • Startup African young entrepreneurs based in Africa
  • Business at the idea stage are welcome, as well as innovative businesses that have been in existence for less than 3 years
  • Business can be in any sector
  • Business must have the potential to create jobs and revenue on the continent

TEF 2020 Program Timelines:

  • January 1, 2020: Application portal opens
  • March 31, 2020: Application portal closes; initial longlist is announced to proceed for business training
  • April – May: Training & mentorship
  • June: Pan-African pitching competition20s
  • July: Announcement of finalists at the TEF Forum
  • August – September: Background Check
  • August – December: Seed Funding Disbursement

Selection Process:

  1. Following applications, entrepreneurs will undergo business training.
  2. Shortlisted candidates will prepare and submit an updated business plan
  3. Top-performing entrepreneurs will be shortlisted to go through a pitching phase in all 54 African countries, in English, French, Portuguese or Arabic.
  4. Top performers will be selected to receive the $5,000 seed capital.
  5. Finalists to receive $5,000 seed capital will be announced at the TEF Forum

TEF 2020 Application Questions and How to Answer them

Below is the complete set of TEF 2020 Application Questions list. Kindly Go through them and acquit yourself to have an idea of what you are to expect. It will be proper for you to study them first before embarking on filling the application form.

TEF-2020-Application-questions-Tony-Elumelu-Foundation-programme
TEF 2020 Application Questions

Please read the following carefully.

For better user experience, it is recommended that you use Chrome or Firefox browser.

This assessment is divided into four (4) sections and would require approximately 60 minutes to complete.

  • Sections 1 & 2 require your bio-data and business data
  • Sections 3 & 4 are timed personality & Cognitive assessment questions.

It is recommended that you take the assessment in an environment free of distractions and with optimal concentration.

You will also be required to upload a form of ID (international passport, driver’s license, Residency or Citizen’s Card, Voters Card, Tax ID). Please have your chosen form of ID scanned and ready for upload in .pdf, .jpeg, .jpg, .png, .gif or .doc format before you begin.

Also, note that you are to answer all questions, and you can only take Sections 3 & 4 assessment once.

Automatic Disqualification criteria:

  • Applicants under 18years of age
  • Applicants who have received the TEF seed capital in previous years.

Without further ado, let get started

Section 1: Getting to Know You: Personal Information – TEF 2020 Application Questions

Let’s start with the basics

1.      Your Full Name

  • First name
  • Last name
  • Middle name

2.      Gender

  • Male
  • Female

3.      Date of Birth

  • YYYY/MM/DD

4.      Country

5.      State

6.      City

7.      Is it a Rural Area?

  • Yes
  • No

8.      Address (I live at Apartment or House Number, Street Name, District, Area or Zone, Post Code

9.      Phone Number (Please enter your country code e.g. +234 or +254 or +250 before your mobile number)

10.     Email

11.     Highest Level of Education (State your highest education level from the drop-down menu)

12.     Years of work experience (select from the drop-down list)

  • 0-2 years
  • 3-5 years
  • 6-10 years
  • Over 10 years

13.     Your social media links (you are requiring to supply the URL where necessary, username and handle respectively)

  • LinkedIn Url:
  • Facebook Username:
  • Instagram handle:
  • Twitter handle:
  • YouTube channel:
  • Website URL:

14.     Have you applied for other grants from other foundations?

  • Yes
  • No

15.     If yes, name the organisation

16.     Type of ID (International passport, Drivers license, National ID, etc.)

17.     ID Scan (ensure you have a scanned copy for upload)

18.     Upload Profile picture (make sure you have a copy of your picture for upload)

19.     How did you hear about the TEF programme?

  • Select the correct answer from the drop-down menu

20.     Next of Kin

It’s important to have an alternative contact detail in case you’re unreachable

  • First Name
  • Last Name
  • Middle Name
  • Phone Number
  • Email

21.    Mentor’s Details

  • First Name
  • Last Name
  • Middle Name
  • Phone Number
  • Email
  • Gender (Male/Female)

This end the Personal information section. You will be asked to save and continue or Save to Continue Later

The next set of question will be directed towards Applicant’s Idea and Experience

Section 2: Business Details – TEF 2020 Application Questions

Question: The next set of questions are about your business idea and experience. Please fill in with accurate information.

Question: How many years of business start-up experience do you have?

  • 0-1year
  • 1-2years
  • 2-3years
  • Above 3years

Question: Is your business Idea in your field of experience?

  • Yes
  • No

Question: In not more than 100 words, what would be the impact of your business or idea to your immediate community or country?

Here you are expected to write about the benefit the community or country will derive from having your business in its environment. (must not be more than 100 words)

Question: Which of the United Nations Sustainable Development Goals (SDGs) does your business or idea support? (Choose top 3)

Select…

  • GOAL 1: No Poverty
  • GOAL 2: Zero Hunger
  • GOAL 3: Good Health and Well-being
  • GOAL 4: Quality Education
  • GOAL 5: Gender Equality
  • GOAL 6: Clean Water and Sanitation
  • GOAL 7: Affordable and Clean Energy
  • GOAL 8: Decent Work and Economic Growth
  • GOAL 9: Industry, Innovation and Infrastructure
  • GOAL 10: Reduced Inequality
  • GOAL 11: Sustainable Cities and Communities
  • GOAL 12: Responsible Consumption and Production
  • GOAL 13: Climate Action
  • GOAL 14: Life Below Water
  • GOAL 15: Life on Land
  • GOAL 16: Peace and Justice Strong Institutions
  • GOAL 17: Partnerships to Achieve the Goal
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 Question: Business Name

Write your business name here or the proposed name for your business venture

Question: Business Location

Here, you are requiring to provide the physical location of your business

Question: In which Industry is your business?

Question: Indicate your Industry sub-sector

From the drop-down menu, kindly select your business sub-sector

Question: Age of business?

0-1 year

1-2 years

2-3 years

>3 years

Question: Are you working with a team?

  • Yes
  • No

Question: How many people are in your team (excluding you)?

Question: How many hours are you currently working on your idea per week?

  • 0-2 hours
  • 3-6 hours
  • 7-12 hours
  • Above 12 hours

Question: Are you currently making some revenue from your idea?

  • Yes
  • No

Question: If yes, how much are you currently making per month (in $)?

  • $0 – $20
  • $21 – $100
  • $101 – $250
  • Above $250

Question: Do you have any business partners?

  • Yes
  • No

Question: Tell us about your start-up idea (minimum 50 words. Maximum 500 words)

Have a startup business idea or one that requires innovation? this is where you describe your business idea. Be sure to be very concise then describe an industry or customer problem that you might want to build a business around.

This is where the section of the business details ends.

The next two (2) sections contain Personality questions, Financial and Business Acumen Questions and you will be timed 45 minutes to answer both sections.

Please read the following carefully.

This is a timed assessment. You have 45mins to complete both sections.

It is recommended that you take the assessment in an environment with a stable internet connection, free of distractions and with optimal concentration.

Note: You can only take this assessment once and you cannot Save & Continue

TEF 2020 Entrepreneurship program for entrepreneurs

Section 3: Personality questions – TEF 2020 Application Questions

In each of the following questions is a statement. You are to select the best option that describes your opinion of the statement.

This set of questions comes in no particular order.

Question: I tend to be cautious about happy outcomes

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: It is better to avoid conflict.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I find change refreshing.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: It is better to be happy with what you have than try to achieve too much.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: People are generally honest.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I prefer doing tasks using new methods

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I get bothered with colleagues who are too negative.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I can easily say no to others.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I prefer being with people who hold similar values.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I prefer working on new and different problems each time.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I quickly start working on new ideas.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I prefer planning ahead

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I prefer to maintain formal relationships with people at work

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I believe that it is best to keep one’s work and private lives separate.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I prefer working on realistic ideas.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I collect my thoughts before expressing myself.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I do not spend much time thinking about how others will react to situations.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I would rather say what I feel is right.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I do not mind bending the rules if necessary.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I usually see things for what they truly are.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I feel that my success is a result of my ability.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I can easily guess what others are thinking.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I feel comfortable being myself in the presence of others.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I share credit with the others even if I did most of the work

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: It is okay to relax once in a while.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I prefer routine over variety.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I am usually indifferent to change

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I would rather delay working on boring tasks.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I would finish off existing tasks even if a new, interesting task came up.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: A risky task is usually not worth doing.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: When someone disappoints me, I easily forget about it

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: In meetings, I prefer to lead the discussion

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I don’t always expect to be praised for my achievements.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I go with the group’s decision even when I am sure that I am right.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I prefer to work in a non-competitive environment

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: Most people focus first on personal gain.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: When wronged by others, I tend to forgive easily.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: I do well at jobs which involve regular interactions with others

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question:  I am open to work with new ideas, even if they don’t lead to expected results.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: It is okay not to achieve everything one aims for.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Section 4: Cognitive Assessment Questions

This section contains some basic business and financial questions to tests your cognitive sense and it consists of 23 sets of questions which you are to select your best answer from the provided options given per time.

Question: The question given below provides a situation and asks you to make a judgment using the information given.

You are the co-founder of company G in the UAE and need to hire an African intern with some prior work or internship experience and graduated within the last 1 year with a score of at least 75%. The preferred candidate should have good communication skills, be willing to travel at short notices and be open to work different shifts.

  1. The Kenyan: Graduated with an overall overage of 89% with a bachelor’s in computer science.
  2. The Egyptian: Interned at the university research centre for 3 months and graduated with a score of 75%. He is ready to travel to work at any time of the day and willing to travel at the shortest notice.
  3. The Ghanian: Has good communication skills, interned for 90days at the university library and was the second-best graduating student from the faculty of business sciences.
  4. The Lesothan: Graduated with a score of 79.3%, willing to work different shifts and ready to travel at any time.
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Question: To start a business, the first thing you need is?

  • A Vision
  • An Idea
  • Money
  • Business Name
  • None of the Above

Question: What is your greatest reason for becoming an entrepreneur

  • To be financially free
  • Make the world a better place
  • To build a legacy
  • To fulfil my passion

Question: What type of economy allows the government to determine what, how, and whom products and services are produced

  • Command
  • Market

Question: The cost price of 50 mangoes is equal to the selling price of 40 mangoes. What is the percentage profit?

  • 30%
  • 20%
  • 25%
  • None of the above

Question: How do you balance your business, family and social life

  • Family first, all the time, what am I working for anyway
  • I don’t have a balance especially in the first few months
  • I always achieve a good balance each day
  • Work first, all the time, it provides for the family

Question: Any good business idea must make money.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: To start a business, everyone needs 4 things in the following order.

  • Money, Business partner, Idea, Plan
  • Plan, Idea, Money, Office Space
  • Idea, Plan, Money, Partners
  • Partners, Money, Plan, Idea

Question: At the current stage of your business or idea, If you get the TEF $5,000 grant today, what will you do with it?

  • Register my business, buy the inputs I need for my business and save some for weekly operations.
  • Save the money.
  • Invest the grant in a bank and use the interest to start my business
  • Buy more stock for my business, build a website for online presence, buy accounting software, employ 1 or 2 more hands and save some for operations
  • I will travel to Europe or America to learn more about my business idea

Question: Any good business idea must make money in the first year.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: How is profit calculated?

  • Total Sales in one year / Total sales in a month
  • Total Sales – Total Expenses
  • Monthly Sales * Expenses
  • Sales – Expenses

Question: The cost price of 50 mangoes is equal to the selling price of 40 mangoes. What is the percentage profit?

  • 30%
  • 20%
  • 25%
  • None of the above

Question: How do you balance your business, family and social life

  • Family first, all the time, what am I working for anyway
  • I don’t have a balance especially in the first few months
  • I always achieve a good balance each day
  • Work first, all the time, it provides for the family

Question: Any good business idea must make money.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Question: Kwesi lives in Ghana and just got his payout for his portion of his late father’s will. He got a total of 4,000 Cedis. He invests 1,500 Cedis and 2,500 Cedis in property S and property T respectively. After a year, both properties are now worth 2,150 Cedis and 4,800 Cedis respectively. Property T is in an urban area and requires land use tax payment of 15%. Which of the properties is likely to give Kwesi more profit?

Choose the best option

  • Property S
  • Property T
  • Both will give the same revenue
  • None of the above

Question: Guide: The table below shows a sequence of alphabets;

XY AB AX
YZ BC BY
XZ AC ?

Which of the options below best fill the blank?

  • AX
  • CX
  • CZ
  • ZC
  • XA

Question: Guide: The question given below is based on the table. Read the table carefully and answer the question that follows.

The table below shows some cost components of 3 products of a startup.

Product Labour Material Social Machine Rent Holiday  
O 100 320 75 30 100  
X 45 150 39 20 0  
Y 400 1,000 200 150 150

Directors of the startup company are meeting to decide wholesale pricing for the 3 products. Directors have decided 2 keystones and the following options are on the table for the directors;

A: The wholesale price should be the sum of all direct and indirect costs

B: The wholesale price for each product should be at least twice the cost of labour and material

C: The wholesale price should be at least the total sum of twice the value of each cost component.

Which of the above is the best decision to take by the directors?

  • A
  • B
  • C
  • A & B
  • None of the above.

Question: Musa ships cars into Ghana, Nigeria and Benin republic from the United States of America. The import duty costs are 10%, 25% and 12% respectively for used cars from the three countries and 25%, 40% and 20% for new cars.

He has landed a used Benz C300 and a new Toyota Highlander for $12,000 and $30,000 respectively. For how much should he markup the cars, if he desires to make a minimum profit of 15% after giving a discount of 10% to a reseller in Abuja, Nigeria?

$15,000 and 39,000

$15,600 and 39,000

$24,000 and 60,000

$15,000 and 37,500

$17,500 and $42,500

Question: Guide: The question given below is based on the table. Read the table carefully and answer the question that follows.

The table below shows some cost components of 3 products of a startup.

Product Labour Material Social Machine Rent Holiday
O 100 320 75 30 100
X 45 150 39 20 0
Y 400 1,000 200 150 150

A: The direct cost of Product O is 495

B: The wholesale price of product X is greater than 300

C: The material cost of Y is an indirect cost.

Which of the above statements is incorrect;

  • A
  • B
  • C
  • A and B
  • None of the above

Question: The question given below provides a situation and asks you to make a judgment on the basis of the information given.

A committee of 3 members for the education board is to be selected from a pool of 6 prospective candidates – A, B, C, D, E, and F. Candidates A, B and C are male and the rest are females. At least, one of the selected candidates should have a minimum of 10 years’ cognate experience in the education sector. The committee should have at least one male and a female candidate. Each of the committee members should have studied a different course for bachelor’s degree.

Which committee would most likely be selected?

  • Committee A: Comprises D, E and F as its members. D is a doctor; E is a zoologist and F is an engineer. F has been teaching at a high school for the last 10 years.
  • Committee B: Comprises A, B and F as its members. A is an architect; B is a botanist and F is an engineer. A has the highest work experience among the three selected members. Both B and F are serving in the educational sector for the last 12 years.
  • Committee C: Comprises B, D and E as its members. Each of them has served as a teacher in the school for the last 15 years. B and D are alumni of XL University. E is a botanist.
  • Committee D: Comprises B, C and E as its members. Each of them has served as a teacher in a school for a different number of years. B is a zoologist, C is an engineer and E is a botanist.
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Question: The question given below provides a situation and asks you to make a judgment on the basis of the information given.

Company X has a team of A, B, C, D, E and F among other staff members. A team of 4 members needs to be selected for a client meeting from the listed names. ‘A’ is the marketing head of the organization, who plans and charts out the marketing strategies for the company. ‘B’ is the sales executive, who has been in constant contact with the client regarding the requirements. ‘C’ is the CFO of the organization. ‘D’ is the sales manager and a direct supervisor of ‘B’, who was also present in the previous conversations with the client. ‘E’ is the content lead, who has to design the product as per the client’s needs. ‘F’ is one of the content team members of ‘E’.

The meeting is with the CEO of the prospective client. Select the team which should go to the meeting.

  • Selection 1: A team with A, B, C and D
  • Selection 2: A team with A, C, E and F
  • Selection 3: A team with A, B, D and E
  • Selection 4: A team with B, C, E and F

Question: Last year, Matthew bought two cars. This year, he sold both the cars for $45,000 each. On one, he earned 20% profit, and on the other, he made a 20% loss. What was his net profit or loss?

  • Profit of $7,500
  • Loss of $3,750
  • Profit of $3,750
  • Loss of $7,500

Question: Guide: The question given below is based on the table. Read the table carefully and answer the question that follows.

The table below shows some cost components of 3 products of a startup.

Product Labour Material Social Machine Rent Holiday
O 100 320 75 30 100  
X 45 150 39 20 0  
Y 400 1,000 200 150 150  

Peter plans to be a retailer of product Y of the above startup company. Assuming Peter uses 2 keystones, what would be Peter’s MSRP for the product?

  • 1,900
  • 3,000
  • 4,000
  • 3,800
  • 5,000

Question: Guide: The table below shows a pattern or rule of numbers.

3 6 2
5 20 4
? 42 6

Which of the following fits the same pattern or rule?

  • 6
  • 10
  • 15
  • 7
  • 9

Question: Musa ships cars into Ghana, Nigeria and Benin republic from the United States of America. The import duty costs are 10%, 25% and 12% respectively for used cars from the three countries and 25%, 40% and 20% for new cars.

Assuming VAT is the same in all three countries and Musa plans to buy a new car lot worth $100,000 in three months for his business expansion. His current car lot capacity in each country is 50 cars, but he has a credit facility in the USA that allows him to ship as many cars as he wants. Musa has the following options as a strategy to meet his planned target.

A: Import more luxury cars with a huge markup

B: Give discounts such that guarantees sale of at least 10 cars every week.

C: Ship 100 cars for the two months, lease space from his friends at a cost and maintain the standard mark up

Which of the above options is best for Musa?

  • A
  • B
  • C
  • A & B
  • A & C

Question: The question given below provides a situation and asks you to make a judgment using the information given.

You are the co-founder of company Y and need to hire an intern with some prior work or internship experience and graduated within the last 1 year with a score of at least 75%. The preferred candidate should have good communication skills, be willing to travel at short notices and be open to work different shifts.

  • Yvonne: Graduated with an overall overage of 75% with a bachelor’s in computer science.
  • Susan: Has good communication skills, interned for 90days at the university library and was the second-best graduating student from the faculty of business sciences.
  • Dale: Graduated with a score of 79.3%, willing to work different shifts and ready to travel at any time.
  • Willy: Interned at the university research centre for 3 months and graduated with a score of 79%. He is ready to travel to work at any time of the day and willing to travel at the shortest notice.

Question: In Uganda, Susan invested UGX300,000 in the shares of a company X and UGX550,000 in the shares of a company Y. After a year, she sold all the shares of both companies for UGX400,000 and UGX700,000 respectively.

What is her profit from company X? Choose the best option

  • More than 27%
  • More than 33%
  • Exactly 30%
  • 50%
  • None of the above

Question:  Guide: The table below shows a pattern or rule of words.

Water Fish Crab
Sky ? Eagle
Home Mum Dad

Which of the following fits the above pattern or rule?

  • Dog
  • Son
  • Vulture
  • Cat
  • Aeroplane

Question: In Nairobi, Brenda just got the 2019 TEF grant of $5,000. Her business is in the idea stage but has the potential of earning a monthly revenue of $500 from the 7th month and up to $750 monthly from the 12th month according to her business plan. However, by the time she got the grant, her cousin Tim who is into AirBnB business and has made over 100% of his investment in 2years is trying to convince her to do the Airbnb business with the TEF grant instead. She has come to meet you for advice, what would you recommend to her?

Choose the best option

  • Follow Tim’s suggestion since it is a proven business and makes more money. Split the money into two, invest half in her original idea and the other half in the Airbnb business
  • Follow through with her business plan and grow the business
  • Save the money in the bank and earn interest because she is now afraid she might lose the grant.
  • Inform TEF that she has a change of plans and then wait for approval to do the Airbnb business.

Declaration

The next set of questions are required for your declaration. Your response to each indicates that you accept or decline each statement.

Question: Have you applied for the TEF Programme previously?

  • Yes
  • No

Question: If yes, in what year did you apply?

Select from the drop-down list the last year you made an application.

Question: Have you received seed capital for the TEF Programme in previous cycles?

  • Yes
  • No

Question: If yes, what year(s)

  • 2015
  • 2016
  • 2017
  • 2018
  • 2019

Question: Do you have business partners or collaborators who are Alumnus of the Programme?

  • Yes
  • No

Question: Are you a sanctioned person or / a business partner of / or a close relative/ or a friend of a sanctioned person or group? (Sanction Meaning: Punitive or restrictive measures imposed on a country, person or business)

  • Yes
  • No

Question: Do you, your business partner or your company have any direct/indirect dealings involving a sanctioned country or a sanctioned person/group?

  • Yes
  • No

Question: Do you or does your company/business or business partner(s) have any

ownership interest in an asset located in a sanctioned country?

  • Yes
  • No

Question: Are you a politically exposed person or a close relative/friend of a politically exposed person? (Politically Exposed Person Meaning: One who has held prominent public/political office or publicly shown interest in holding prominent public/political office)

  • Yes
  • No

Question: Have you or your business partner(s) ever been investigated, arrested or penalized for any terrorist-related charges

  • Yes
  • No

Question: Have you or your business partner(s) ever been investigated, arrested, or penalized for any financial related offence

  • Yes
  • No

Question: Have you or your business partner(s) ever been investigated, arrested or convicted of any crime?

  • Yes
  • No

Question: Are you in business with any TEF staff or staff of any TEF affiliated company? (TEF Affiliated Companies meaning: includes any company in the Heirs Holding investment portfolio)

  • Yes
  • No

Question: Are you a current or previous staff of any TEF affiliated company?

  • Yes
  • No

Just study these questions and use the tips provided to answer them before completing your TEF 2020 application. If you need further help regarding how to answer these questions, kindly reach out to our team for immediate assistance.

How to Apply

Log on to the multilingual application portal on www.tefconnect.com to sign up today.

Click on “Apply” and fill the form.

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