Elumelu Foundation Disburses $100M to 24,000 Entrepreneurs
The Tony Elumelu Foundation has disbursed over $100 million in seed capital to more than 24,000 entrepreneurs across Africa since 2010, with 80% successfully scaling beyond early stages.
Category : Entrepreneurship
Entrepreneurs: Women's Empowerment Key to Economic Growth
Business leaders at an International Women's Day forum in Lagos call for special interventions to overcome barriers facing women entrepreneurs, citing access to finance and policy constraints as critical issues.
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Elumelu Empowers 3,200 African Entrepreneurs on Birthday
Tony Elumelu marks his birthday by announcing 3,200 beneficiaries for his foundation's entrepreneurship program across all 54 African countries, with $5,000 seed capital each.
Seplat Opens 2026 Youth Entrepreneurship Programme for Energy Skills
Seplat Energy has launched applications for its 2026 Youth Entrepreneurship Programme, offering practical training in solar and mini-grid systems to empower young Nigerians in the renewable energy sector.
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Experts Seek Policies to Empower Women in Housing, Construction
Industry leaders call for gender-responsive policies and financing to boost women's participation in housing and construction, addressing Africa's housing deficit and driving inclusive economic growth.
Elumelu Foundation: 75% Startups Survive, Women & Youth Dominate
The Tony Elumelu Foundation reveals 75% of its funded startups remain operational after five years, with women comprising 51% and youth dominating the 2026 entrepreneurship program cohort.
TEF Unveils 3,200 Entrepreneurs for 2026 Programme
The Tony Elumelu Foundation has announced 3,200 young African entrepreneurs selected from over 265,000 applications for its 2026 programme, reinforcing its mission to democratize prosperity and drive economic growth across the continent.
TEF to Give $16M to 3,200 African Entrepreneurs in 2026
The Tony Elumelu Foundation announces a $16 million initiative for 2026, providing grants, training, and mentorship to 3,200 young African entrepreneurs to boost job creation and economic growth.
Ikota Shopping Complex Elects New Leadership and Board
Shop owners at Ikota Shopping Complex have elected a new Executive Committee and nominated a Board of Trustees to enhance governance and transparency after a period without formal leadership.
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Alakija Urges Nigerian Women to Persist with Faith
Folorunsho Alakija, Africa's richest woman, encourages Nigerian women to embrace persistence and faith to overcome barriers, sharing her journey from modest beginnings to business success at an International Women's Day event.
Remembering Lawal Yusuf Obelawo: A Nigerian Titan
Lawal Yusuf Obelawo, a pioneering Nigerian entrepreneur and community leader, passed away at 95. His legacy includes founding Africa's first plastic pipe factory and shaping Osun State's creation.
Experts: Women Should Prioritize Investments Over Lifestyle Upgrades
Stakeholders at a Lagos women's event emphasize building generational wealth through property ownership and disciplined investing, warning against social media-driven spending habits.
Rotary e-Club Empowers 52 with N10M Vocational Tools
The Rotary e-Club of Maryland Ikeja has transformed lives by empowering 52 beneficiaries with vocational equipment worth N10 million, including sewing machines and grinding machines, to combat unemployment and foster self-reliance.
Ogun Hosts Third MSME Business Clinic for Small Business Growth
Ogun State's Ministry of Industry, Trade and Investment organizes the third MSME Business Clinic on March 24, 2026, offering grants, free CAC registration, and advisory sessions to support small businesses in Abeokuta.
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TEF Announces 12th Entrepreneurship Cohort with Record Applications
The Tony Elumelu Foundation will announce its 12th entrepreneurship cohort on March 22, 2026, after receiving over 265,000 applications from all 54 African nations, with $16 million in seed capital for 3,200 entrepreneurs.
N1 Billion Fund Launched for Women-Led Businesses by BOI and MTN
The Bank of Industry and MTN Nigeria Foundation have unveiled a N1 billion partnership fund to support women-led businesses across Nigeria through the Y’ellopreneur 3.0 programme, providing equipment financing and training for 200 female entrepreneurs.
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Pressdia Marks First Year Expanding African Business Media Access
Pressdia, Africa's digital PR marketplace, celebrates its first anniversary after helping over 1,000 businesses distribute press releases to 20,000+ media outlets worldwide, enhancing visibility for African companies.
Foundation Empowers 20 Entrepreneurs with N12m Ramadan Relief
The Tunjii Salami Foundation disbursed nearly N12 million in Ramadan relief across Osun State, providing food packages to vulnerable households and seed capital to 20 entrepreneurs for business development.
Mastercard Foundation Opens FAST Applications for African Entrepreneurs
The Mastercard Foundation has launched the third cycle of its FAST programme, offering grants up to $15,000, training, and mentorship to young African entrepreneurs, with a focus on inclusivity.
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Structural Barriers Undermine MSME Growth in Nigeria
A new policy review identifies key structural challenges hindering Nigeria's MSMEs, including limited finance access, weak infrastructure, and high informality, contributing to business mortality.
Cheese Chopper's Post-Shark Tank Success Story
The Cheese Chopper, a viral kitchen gadget, thrived after Shark Tank despite no deal. Founder Tate Koenig leveraged exposure to sell online, later securing a deal for another product.
LPG Meter Manipulation Concerns Rise in Retail Market
Consumers nationwide report receiving less gas than paid for due to alleged meter manipulation at LPG retail outlets, raising costs and undermining clean energy adoption efforts.
Esso Expands Procurement Access for Women-Owned Firms
Esso Exploration and Production Nigeria Limited (EEPNL) has reinforced its commitment to supplier diversity by hosting a targeted engagement session for women-owned businesses in Lagos. The initiative aims to create practical opportunities and strengthen
Lagos Ride-Hailing Drivers Begin Three-Day Strike
Ride-hailing drivers in Lagos have started a three-day strike, protesting rising operational costs and low earnings. The action, led by AUATON, affects major platforms like Uber and Bolt.
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Juliet Vincent-Obi Dedicates US Honour to Kidpreneurs Worldwide
Juliet Vincent-Obi, founder of Kidpreneur Africa, receives recognition from the Georgia House of Representatives for empowering children with financial literacy and entrepreneurial skills globally.
Women Seek Digital, Financial Structure for Cross-Border Trade
Women professionals and entrepreneurs call for enhanced digital and financial infrastructure to facilitate seamless cross-border trade across Africa, as highlighted at the Ecobank Ellevate Proposition Programme launch.
Lagos Strengthens Consumer Protection Against Global Risks
Lagos State intensifies consumer protection efforts to combat unsafe products and digital commerce threats, emphasizing safety and transparency for its 23 million residents.
Nigerian Lady's Emotional Business Closure Video Goes Viral
A Nigerian businesswoman's heartfelt video announcing the closure of her wholesale drinks business has sparked widespread reactions online, with many offering support and sharing similar entrepreneurial experiences.
FG Launches iDICE Startup Bridge with N10m Grants
The Federal Government has launched the iDICE Startup Bridge, offering grants up to N10 million for early-stage startups and $100,000 equity investments for post-MVP ventures. Applications close April 20, 2026.
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Nigerian Man Returns Home After 11 Years in Canada
A Nigerian man who lived in Canada for 11 years has returned to Nigeria permanently, sharing his reasons on TikTok. He highlights business opportunities and electricity issues, sparking reactions from netizens.
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