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TEFforum2018: KuffoAddo, Kenyatta Laud Tony Elumelu For Investing In Young African Entrepreneurs

The Ghanaian President, Kuffo-Addo and Kenyan President, Uhuru Kenyatta laud Tony Elumelu in the recently concluded #TEFforum2018 for investing in young African entrepreneurs.

The TEF forum is an initiative of the Tony Elumelu foundation founded in 2015. Since its inception, it has empowered over 4,000 African entrepreneurs with a seed capital that amounts to about $20million.

In the just concluded forum, an additional 460 entrepreneurs were sponsored by international agencies such as the United Nations Development Progrmme (UNDP), International Committee of the Red Cross, (ICRC) and GIZ-Germany through a memorandum of understanding with the foundation.

The goal of the foundation is one that it is envisioned to invest a hundred million dollars in about 10,000 African entrepreneurs within a decade from inception (2015-2025). They foresee that by so doing, about  million jobs will be created which in turn will attract investments worth about $10 billion dollars in Africa.

In the past, ideas ruled the world and still does. The two African presidents have encouraged the foundation by providing their support and recognizing it as one that is on the perfect path to deal with the economic problems of the continent.

It is evident that there are no jobs or the number of jobs available is minimal compared to the population of graduate. While some are totally jobless, other who have a job are mostly under-employed.

The TEFforum has identified the sole solution of this problem. They believe that investing in great ideas will in turn provide jobs. This is the basic strategy of the forum and has since 2015 been committed to supporting great ideas.

The Kenyan President, Huhuru Kenyatta though was not present physically at the forum, he spoke through a teleconferencing. A seized the opportunity to call on African leaders to give a top priority to enterprise studies in schools and colleges. He made mention that this should be included in schools curriculum.

He also added that a strategic public-private partnership was vital to supporting enterprise development in Africa. He mentioned and acknowledged that young people are driving remarkable change through technology.

The Ghanaian President, Akuffo-Addo who was the special guest at the forum mentioned that he came simply because he wanted to identify with what the forum stands for in the area of supporting entrepreneurship.

He re-iterated Kenyatta’s statement about the need for a public-private partnership so as to achieve remarkable economic development on the continent.

Akuffo-Addo made his belief known in the visioner and founder of the initiative, Mr Tony O. Elumelu, CON. He added that this is a very good investment in entrepreneurship; because it will  drive the ingenuity, innovation and creativity of the young entrepreneurs in Africa.

The Ghanaian leader concluded by stating that strong market economies provide the platform for economic development and entrepreneurship is the gateway for achieving it.

Mr Tony O. Elumelu while making his statement thanked the two African leaders and mentioned that economic development will not be possible without the help of political leaders.

He added that his idea was borne out of the urge to help the African youth create wealth by engaging in what he loves which in turn will position Africa on the part of development.


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