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TEF – The Tony Elumelu Foundation A stroke of luck is all you need »

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  1. ^ Tony Elumelu (
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  10. ^ here ( is the nierians unofficail fan club of tony elumelu friends

Dear abi,

As an entrepreneur, you quickly realize that despite the best research and planning, there are volatile, unavoidable twists of fate that can raise your business to the next level.

While these many factors could influence the success of your business, luck plays an important role as well.

Our Founder was able to rise to the pinnacle of his career because he acknowledged the fact that luck plays a critical role in success in entrepreneurship.

Has luck contributed to your success? Share with us!

The Economist: Tony Elumelu Founded his Foundation to Institutionalise Luck, Democratise Access to Opportunity and Transform Africa

Africa is home to one of the largest youth populations in the world, yet millions of them are without jobs and are looking for opportunities to scale up their entrepreneurial endeavours.

Tony Elumelu[1] – entrepreneur, investor and philanthropist, knew what it felt like to hope for a ‘big break’ and to look forward to enjoying some luck. For this reason, he founded the Tony Elumelu Foundation to “institutionalise luck[2]”, democratize access to opportunity and in the long term, transform Africa.

Click here[3] to read The Economist’s take on Tony Elumelu’s vision on “institutionalising luck” in the article titled “Uberising luck: Africa is full of schemes to help entrepreneurs.”

Tony Elumelu Foundation Receives Award of Excellence from the Federal Government of Nigeria

Last week, the Tony Elumelu Foundation received the YouWIN! Connect Award of Excellence at the first edition of the YouWIN! Connect Enterprise Education Book and Awards, organised by the Federal Government of Nigeria and the Federal Ministry of Finance, Budget and National Planning (FMFBNP) in Abuja.

This recognition was given in celebration of the Foundation’s outstanding contribution to the Micro, Small and Medium Scale Entreprises (MSME) niche of the Nigerian private sector.

Click here[4] to read more.

Tired of ‘Emerging’? It’s time for Africapitalism

The term Africapitalism was coined by Tony Elumelu, Founder of the Tony Elumelu Foundation. He described the concept as “the philosophy that the African private sector has the power to transform the continent through long-term investments, creating both economic prosperity and social wealth”.

Read more here[5].

TEF CEO, Ifeyinwa Ugochukwu to Join Bill Gates, EU Decision Makers, Others to Speak on Europe and Africa Partnership in Brussels

Ifeyinwa Ugochukwu[6], CEO of the Tony Elumelu Foundation, will moderate a panel of high-level EU decision-makers, AU Commission representative and senior experts at an event organised by the Finnish Presidency and the Bill and Melinda Gates Foundation. Bill Gates is billed to give the keynote at the event tagged “Europe and Africa: Neighbours with a shared future?”.

This event is aimed at the decision-makers who will shape the EU’s development policy and role in the world, particularly with its relationship with Africa. Ifeyinwa drives the conversation citing the case studies and insights from the Tony Elumelu Foundation[7], the leading philanthropy focused on empowering African entrepreneurs.

TEF-UNDP Entrepreneurship Programme Update

We received over 81,000 applications from African entrepreneurs in the inaugural TEF-UNDP Entrepreneurship Programme.

In the next few days, we will be announcing a shortlist of candidates who will participate in the business training, submission of business plans and business pitching competition.

So, keep checking your emails for more updates, phones and TEFConnect[8] for updates.

“The kind of challenges we face on the continent require not only vision but also patience and perseverance.”

– Tony Elumelu

Meet Nabuuma Shamim Kaliisa, a 24-year-old Cancer Survivor Who Considers Herself a Social Entrepreneur and Innovator

I am determined to not only exist but to thrive and to help others thrive. My name is Nabuuma Shamim Kaliisa, I am a 24-year-old cancer survivor! While I have medical training/education, I consider myself more as a social entrepreneur and an innovator in the field of medicine.

Click here[9] to read Nabuuma Shamim’s story.

Tracy Kimathi: We must take solar power very seriously

I want to focus on providing electricity locally because most African governments focus on urban areas, leaving the rural village without social amenities. I want to enable locals to make electricity work for them, and also to ensure that they utilise it appropriately.” – Tracy Kimathi.

Click here[10] to read how Tracy Kimathi’s internship at an electrical company in Maasai Mara sparked in her a desire to invest in energy generation.

Ameh Omagwu is sharing his passion for education, business and entrepreneurship

Mentorship has a powerful effect on young African entrepreneurs. Meet Ameh Omagwu, Registrar at the Innovation Enterprise Institute KBS and a member of the board of Directors, Innagris Limited, UK.

Since he joined the Tony Elumelu Foundation Mentorship Programme, Ameh has mentored 9 young African entrepreneurs – sharing his passion for education, business and entrepreneurship.

We celebrate Ameh Omagwu!

Read more