European Union and The Tony Elumelu foundation partner to empower 2,500 women in Africa.

Founded in 2010 by Tony O. Elumelu, The Tony Elumelu Foundation(TEF) is a private African foundation that empowers women and men across the African continent, catalyzing economic growth, driving poverty eradication and ensuring job creation.

According to a recent statement by the foundation, the partnership with European Union will disburse 20 million Euros in financial and technical support for women owned businesses, across all 54 African countries. They will also provide increased access to market linkages, supply chains and venture capital investments.

The initiative is aimed at significantly strengthening and deepening the EU-Africa partnership, building on the platforms and experience of the US $ 100 MILLION TEF Entrepreneurship Programme as well as form part of the EU External Investment Plan to support women economic empowerment within the EU Gender Action Plan (GAP III).

Commenting on the landmark partnership, Tony Elumelu, Founder of the Tony Elumelu Foundation said “We are delighted to partner with the European Union, sharing our unique ability to identify, train, mentor and fund young entrepreneurs across Africa.  This joint effort will prioritise and provide economic opportunities for African women, whom for too long have endured systemic obstacles to starting, growing and sustaining their businesses.  Our partnership will alleviate the funding, knowledge and market constraints threatening the livelihoods of women entrepreneurs on the continent, to create more income, jobs, growth and scale for women-owned businesses.” The EU Commissioner for International Partnerships, Jutta Urpilainen, said “This partnership with the Tony Elumelu Foundation will help women participants in economic development, realise their full potential and accelerate economic inclusion.  Empowering women entrepreneurs is a key driver for sustainable jobs and growth, especially in the context of the COVID-19 pandemic and in line with the objectives of our African Strategy.  Women and girls represent half of the world’s population and they deserve equal opportunities.”

According to a recent statement by the foundation, the partnership with European Union will disburse 20 million Euros in financial and technical support for women owned businesses, across all 54 African countries. They will also provide increased access to market linkages, supply chains and venture capital investments.

The initiative is aimed at significantly strengthening and deepening the EU-Africa partnership, building on the platforms and experience of the US $ 100 MILLION TEF Entrepreneurship Programme as well as form part of the EU External Investment Plan to support women economic empowerment within the EU Gender Action Plan (GAP III).

Commenting on the landmark partnership, Tony Elumelu, Founder of the Tony Elumelu Foundation said “We are delighted to partner with the European Union, sharing our unique ability to identify, train, mentor and fund young entrepreneurs across Africa.  This joint effort will prioritise and provide economic opportunities for African women, whom for too long have endured systemic obstacles to starting, growing and sustaining their businesses.  Our partnership will alleviate the funding, knowledge and market constraints threatening the livelihoods of women entrepreneurs on the continent, to create more income, jobs, growth and scale for women-owned businesses.” The EU Commissioner for International Partnerships, Jutta Urpilainen, said “This partnership with the Tony Elumelu Foundation will help women participants in economic development, realise their full potential and accelerate economic inclusion.  Empowering women entrepreneurs is a key driver for sustainable jobs and growth, especially in the context of the COVID-19 pandemic and in line with the objectives of our African Strategy.  Women and girls represent half of the world’s population and they deserve equal opportunities.”