Business, Nigeria, Top News

10 000 business plans to be financed in Africa: apply now!


Things become clearer and become a reality with regard to the announcement made on 1st December 2014 by the Nigerian billionaire and philanthropist, Tony Elumelu, concerning 100 million dollar consecration via his foundation “Tony Elumelu Foundation” for the creation of 10 thousand companies through Africa during the next 10 years.

By launching the “Entrepreneurship Programme” ambitious project, the fantastically wealthy businessman aspires to establish a new generation of African entrepreneurs, who have the possibility of submitting their businesses plans for a shortlisting.

The foundation has just launched for that purpose, the phase for the applications that are opened since 1st January 2015 and continuing until 1st March.

They are fully done on-line through the site of the foundation in three languages: English, French and Portuguese, announced the site “Africa itnews“.

1.000 selected companies will benefit from on-line trainings during 12 weeks. Afterward, a big forum called “Elumelu Entrepreneurship Forum” will be organized between July and August, 2015.

As a reminder, trainings, financing and mentorship will be on the agenda of this program extended over several years.

Kindly note that start-ups should complete their businesses plans towards the end of the year 2015 and those who successfully finish the program will benefit from two rounds of financing: a first investment with a capital of 5.000 dollars then, the second of the same amount in case of satisfactory progress in the realization of the businesses plans.


Original text by: Blaise AKAME

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