Nigerian businessman Tony Elumelu awards $5-million seed capital to 1,000 African entrepreneurs
Each recipient is set to receive a $5,000 non-refundable seed capital to kickstart their entrepreneurial endeavors.
Each recipient is set to receive a $5,000 non-refundable seed capital to kickstart their entrepreneurial endeavors.
Elumelu is the founder of the Tony Elumelu Foundation and chairman of the United Bank for Africa.
The four-year agreement was signed through his Africa-focused non-profit, Tony Elumelu Foundation.
Elumelu has played a crucial role in supporting young businesspeople in Africa.
Their joint initiative will aim to support small and medium enterprises in the non-oil sector in Nigeria.
The research revealed that pertinent cultural factors influence women’s entrepreneurial journeys in the region.
Nigerian tycoon Abdul Samad Rabiu recently launched a $100-million Africa fund called the Abdul Samad Rabiu Initiative.
UBA Chairman Tony Elumelu set to earn $3.3 million from his shares in the bank.