Entrepreneurship is the future of Africa—President Akufo-Addo

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Ghana’s President Nana Akufo-Addo has reminded his fellow African leaders that the future of the continent rests on entrepreneurship.

He made this known when he addressed over 5,000 young African entrepreneurs funded, trained and mentored by the Tony Elumelu Foundation (TEF), during the TEF Entrepreneurship Forum in Lagos, Nigeria.

The Ghanaian leader was emphatic that with the right policies, good governance and stable economies, the African entrepreneurs could rise up to the challenge.

The interactive session was moderated by the Founder of Tony Elumelu Foundation, Tony Elumelu at the TEF Entrepreneurship Forum.

He therefore used the opportunity to commend Mr Elumelu and his Foundation for their unflinching support to the young African entrepreneurs.

“This is what I’m doing in Ghana since my assumption of office in January 2017. I have set up the Ministry of Business Development and Investment” to support the growth and development of businesses in the country.

The President of Kenya, Uhuru Kenyatta who spoke via a video call, urged the African youth to take advantage of the TEF Entrepreneurship Programme to turn their fortunes around by venturing into entrepreneurship.

Mr Elumelu said: “We believe that the young African entrepreneurs can go far with our support. This is why we are investing more in them.”

TEF is Africa’s leading entrepreneurship-focused philanthropic organisation. Its goal is to invest in businesses that will generate at least 1,000,000 new jobs and contribute at least $10 billion in new annual revenues across Africa.

In its 4th year, TEF Entrepreneurship Programme has empowered 4,460 entrepreneurs with a total investment of USD20million; 4,000 funded directly by the Foundation and 460 have been funded by partners.


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