Lagos- Nigeria- At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu Foundation (TEF), and its unique approach to catalysing entrepreneurship in Africa. By Selma Lomax, [email protected]The Foundation, Africa’s leading funder of young entrepreneurs, has pioneered an innovative approach to seeding, capacitating and networking young entrepreneurs across Africa. The case study recognises challenges the Foundation faces, and its responses, as it developed its mission, since founding in 2010. Tony Elumelu, who spoke at Harvard said, “TEF is creating economic hope and opportunity for African entrepreneurs. As the world grapples with complex challenges around demographics, climate and sustainability, the Tony Elumelu Foundation model offers a fascinating model of how strategic philanthropy can be a driving force for positive change.

Source: Front Page Africa March 02, 2024 14:50 UTC