The Tony Elumelu Foundation (TEF) signed, on February 12, a $6 million partnership with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation to support 1,000 young African entrepreneurs with training, mentorship, networking opportunities, and non-refundable $5,000 seed capital each.

The agreement was signed at the World Governments Summit by TEF Founder, Tony O. Elumelu, and His Excellency Mohamed Haji Al Khoori, Director General of the Khalifa Bin Zayed Al Nahyan Foundation.

This initiative further reinforces TEF’s mission to empower young business leaders across all 54 African countries, strengthening Africa’s entrepreneurial ecosystem and driving economic growth on the continent.