The partnership is aim to empower 100,000 entrepreneurs in 7 Sahel African countries of Northern Nigeria, Niger, Chad, Cameroun, Mauritania, Mali, and Burkina Faso over a 10-year period.
This is in addition to the 10,000 African entrepreneurs that the Tony Elumelu Foundation is already committed to.
The TEF-UNDP Sahel Youth Entrepreneurship programme which is projected to mobilize funding for businesses will train, mentor and financially support 100,000 young entrepreneurs in Africa in 10 years.
The goal is to contribute to the overall target to generate at least 10million new jobs and $10 billion in new annual revenues across Africa.
Starting this July, applications open for African entrepreneurs residing in the Sahel region of Africa which include the following countries: Nigeria (Northern), Niger, Chad, Cameroun, Mauritania, Mali and Burkina Faso.
The TEF-UNDP Sahel Youth Entrepreneurship programme is fully aligned with the 1 Million by 2021 Initiative of the Chairperson of the African Union Commission, His Excellency Moussa Faki Mahamat.
Launched in April at the AU Headquarters in Addis Ababa, the 1 Million by 2021 Initiative aims to concretely reach 1 million African youth from across the continent with opportunities and interventions in the key areas of Education, Entrepreneurship, Employment and Engagement (4Es) to accelerate Africa’s socio-economic development.
With this partnership, the Tony Elumelu Foundation gives hope to the thousands of African entrepreneurs who have not been selected for its TEF Entrepreneurship Programme through this TEF-UNDP Sahel Youth Entrepreneurship programme.
The Tony Elumelu Foundation is expecting more partners, and they hope to do much more – as they are unleashing the potential of the African continent!
However, With the TEF-UNDP partnership, the final selected applicants will individually receive a maximum of $5,000 non-refundable seed capital, access to mentors, a 12-week business training and networking opportunities.
They will then join the earlier announced 3,051 beneficiaries of the 2019 cohort of the TEF Entrepreneurship Programme.
Here is Frequently Asked Question (FAQs) as extracted from TEF Website
- What is the TEF-UNDP Sahel Youth Entrepreneurship Programme?
The TEF-UNDP Sahel Youth Entrepreneurship Programme is a partnership between the United Nations Development Programme (UNDP) and the Tony Elumelu Foundation (TEF) to empower 100,000 additional entrepreneurs over 10 years from seven Sahel African countries: Northern Nigeria, Niger, Chad, Cameroun, Mauritania, Mali, and Burkina Faso.
The partnership will target young Africans in under-served communities.
The aim is to create 10million new jobs and contribute at least $10billion to the African economy.
The Programme leverages the tried and validated the approach to philanthropy on the continent pioneered by the Tony Eluemlu Foundation.
It prioritizes and positions entrepreneurship as the key enabler to catalyze the economic development of the African continent.
2. Is this different from the Tony Elumelu Foundation Entrepreneurship Programme?
The Tony Elumelu Foundation (TEF) Entrepreneurship Programme is the flagship Programme of the Tony Elumelu Foundation—the leading philanthropy in Africa empowering African entrepreneurs.
The TEF Entrepreneurship Programme is the $100million commitment by the Elumelu family to mentor, train and financially support 10,000 African entrepreneurs in 10 years. The Programme is currently in the 5thfifth year of its commitment and has so far empowered over 7,500 entrepreneurs across 54 African countries.
The Tony Elumelu Foundation Entrepreneurship Programme provides the inspiration for the development of the TEF-UNDP Sahel Youth Entrepreneurship Programme which scales up to the impact of the Foundation to empower an additional 100,000 entrepreneurs specifically from seven countries in Africa’s Sahel region.
3. What will African entrepreneurs gain from the Programme?
African entrepreneurs will gain non-refundable seed capital, access to a 12-week business training and mentoring. They will also receive visibility and numerous business networking opportunities.
4. What are the criteria for applying?
You must be an African entrepreneur residing in any of the listed countries: Northern Nigeria, Niger, Chad, Cameroun, Mauritania, Mali, and Burkina Faso
Your business must not be more than 3years in existence. Potential businesses at the idea stage are encouraged.
5. When is the application deadline for the 2019 application window?
The deadline for the 2019 applications is August 5, 2019.
Following the end of the application window, an initial longlist of 5,500 applicants will be selected to undergo the 12-week business training. After the training, the final shortlist of 2,000 applicants will be announced to join the previous 2019 TEF cohort.
6. Where can entrepreneurs apply?
The applications will be run on TEFConnect, the largest digital networking platform for African entrepreneurs.
Interested entrepreneurs can apply on www.tefconnect.com or visit the nearest UBA branch in any of the listed countries.
7. Where can I find out more information?
Following the end of the application window, an initial longlist of 5,500 applicants will be selected to undergo the 12-week business training.
After the training, the final shortlist of 2,000 applicants will be announced to join the previous 2019 TEF cohort.
The 2019 applications end on August 5, 2019. Click here to apply NOW!