Among the 3,200 entrepreneurs selected from 265,000 applications received from all 54 African countries: seven from North Africa. In his annual letter (https://apo-opa.co/4uOFepM), “A Story of Hope,” Tony O. Elumelu, C.F.R., Founder of the Tony Elumelu Foundation, shared a powerful message to the new cohort:“For a long time, I believed luck was something that simply happened to you. Through its support for African entrepreneurs, TEF has lifted 2.1 million Africans above the poverty line and positively impacted more than 4 million African households, with 46% of supported entrepreneurs being African women. Distributed by APO Group on behalf of The Tony Elumelu Foundation. Media Contact:Moyo AwotileHead, Brand Marketing and Corporate CommunicationsThe Tony Elumelu Foundationmoyo.awotile@tonyelumelufoundation.orgwww.TonyElumeluFoundation.orgTEFConnect@TonyElumeluFDNAbout the Tony Elumelu Foundation:The Tony Elumelu Foundation is Africa’s leading philanthropy empowering entrepreneurs.

Source: The North Africa Journal March 24, 2026 21:37 UTC