Deadline: August 5, 2019
The United Nations Development Programme (UNDP) and the Tony Elumelu Foundation (TEF) have launched a youth entrepreneurship programme for the Sahel region of Africa. The TEF-UNDP Sahel Youth Entrepreneurship programme will train, mentor and financially support 100,000 young entrepreneurs in Africa in 10 years . The goal is to contribute to the overall target to generate at least 10million new jobs and $10 billion in new annual revenues across Africa.
The TEF-UNDP Sahel Youth Entrepreneurship Programme is a partnership between the United Nations Development Programme (UNDP) and the Tony Elumelu Foundation (TEF) to empower 100,000 additional entrepreneurs over 10 years from seven Sahel African countries: Northern Nigeria, Niger, Chad, Cameroun, Mauritania, Mali and Burkina Faso.The partnership will target young Africans in under-served communities.
The Tony Elumelu Foundation Entrepreneurship Programme provides the inspiration for the development of the TEF-UNDP Sahel Youth Entrepreneurship Programme which scales up the impact of the Foundation to empower an additional 100,000 entrepreneurs specifically from seven countries in Africa’s Sahel region.
The goal is to create 10million new jobs and contribute at least $10billion to the African economy.
The Programme leverages the tried and validated approach to philanthropy on the continent pioneered by the Tony Eluemlu Foundation. It prioritises and positions entrepreneurship as the key enabler to catalyse the economic development of the African continent.
Following the end of the application window, an initial longlist of 5,500 applicants will be selected to undergo the 12-week business training. After the training, the final shortlist of 2,000 applicants will be announced to join the previous 2019 TEF cohort.
Benefits:
- African entrepreneurs will gain non-refundable seed capital a maximum of $5,000,
- access to a 12-week business training and mentoring.
- They will also receive visibility and numerous business networking opportunities.
- They will join the previously announced 3,051 beneficiaries of the 2019 cohort of the TEF Entrepreneurship Programme.
Criteria/Eligibilities:
- You must be an African entrepreneur residing in any of the listed countries: Northern Nigeria, Niger, Chad, Cameroun, Mauritania, Mali and Burkina Faso
- Your business must not be more than 3years in existence.
- Potential businesses at the idea stage are encouraged.
How to apply:
The applications will be run on TEFConnect, the largest digital networking platform for African entrepreneurs. Or visit the nearest UBA branch in any of the listed countries.
