Tony Elumelu Foundation to launch TEFConnect, world’s largest digital platform for entrepreneurs

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The Tony Elumelu Foundation, Africa’s leading entrepreneurship focused philanthropy, is to introduce the world’s largest digital platform for African entrepreneurs – TEFConnect.

Aimed at harnessing and building the next generation of entrepreneurs and digital creators,
TEFConnect will officially be unveiled at this year’s TEF Forum, taking place on October 25, 2018, at the Federal Palace Hotel, Lagos, Nigeria.

Commenting on the initiative, CEO of the Foundation, Parminder Vir said: “The Tony Elumelu Foundation is simply about empowering African entrepreneurs. First, we launched the TEF Entrepreneurship Programme, to provide 10,000 African entrepreneurs, over a period of 10 years with seed capital, mentorship and training”.

“Next, we convened the full entrepreneurial ecosystem at the TEF Forum to ferment engagement and deliberate discussions to change the narrative of Africa. Now, we are scaling our impact by connecting African entrepreneurship ecosystem on a single platform.”

TEFConnect is an open source platform, which will provide bespoke tools and content to catalyze business development for millions across the continent, through technology and directly applicable content.

The Tony Elumelu Foundation Entrepreneurship Programme has attracted over 300,000 African entrepreneurs as applicants and trained and funded 4,460 to date and is seeking to further encourage access to opportunity.

Positioned as the “Facebook for African Entrepreneurs”, the TEFConnect platform is a contemporary, intuitive, informative and user-friendly go-to entrepreneurship space, that provides five specific benefits to its users, among others:

As a one-stop digital home for entrepreneurship ecosystem players, including entrepreneurs, incubators, investors, academia and the private sector, it will provide news, informative resources, entrepreneurship events and opportunities.

All these are aimed at creating the space to allow African entrepreneurs transact across countries and regions in Africa’s largest digital marketplace, with traffic reaching millions of consumers.

In addition, it will provide access to free business tools such as financial planning calculators, business plan generators and marketing templates.

According to TEF, the initiative will also give access to the Foundation’s Entrepreneurship Programme Application Form, Enterprise Toolkit and business mentoring by global business leaders, as well as enabling entrepreneurs to promote their businesses to potential investors and other entrepreneurs for cross-border collaboration.


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