Tony Elumelu Foundation
FoundationLagos · Pre-Seed–Seed · 2 people tracked
Investment thesis
The Tony Elumelu Foundation champions African entrepreneurship as the driver of economic and social development, a philosophy it calls Africapitalism, which positions the private sector and entrepreneurs as catalysts for the continent's growth. Through its Entrepreneurship Programme, the Foundation selects high-potential business ideas across all 54 African countries and provides non-returnable seed capital of $5,000 per entrepreneur, alongside business management training and mentorship. It operates TEFConnect, a digital platform connecting millions of entrepreneurs. The Foundation aims to eradicate poverty, create jobs, and drive inclusive economic empowerment, contributing to the United Nations Sustainable Development Goals.
Source: firm website, verified Aug 7, 2026.
Team · 2 people
from the firm's website
Investments · 1 tracked
founders shown can be your intro pathFrequently asked questions
- What stage does Tony Elumelu Foundation invest at?
- Tony Elumelu Foundation invests at the Pre-Seed, Seed stages.
- What is Tony Elumelu Foundation's typical check size?
- Tony Elumelu Foundation typically writes checks of $5K.
- What sectors does Tony Elumelu Foundation focus on?
- Tony Elumelu Foundation focuses on AgTech, Circular Economy, Cleantech, Climate Tech, Energy, Impact & Social Good, Sector Agnostic.
- Where is Tony Elumelu Foundation located?
- Tony Elumelu Foundation is headquartered in Lagos, NG.
Media · Podcasts & interviews
from their channelTEF CEO Somachi Chris-Asoluka Speaks at the Brazilian Philanthropy Forum 2026,
The Tony Elumelu Foundation
This is the power of believing in people.
The Tony Elumelu Foundation
IYBA WE4A Success Story With Aisha Langat
The Tony Elumelu Foundation
Beyond Good Service: Create Customer Experiences That Drive Customer Retention
The Tony Elumelu Foundation
IYBA WE4A Masterclass Session - Managing a Green Business
The Tony Elumelu Foundation
Branding As An Entrepreneur
The Tony Elumelu Foundation
Images
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