KALONDE NYATI, Lusaka
ABOUT 45 Zambian entrepreneurs have been empowered with funding to undertake various business ventures under the Tony Elumelu Foundation (TEF) between 2015 to date.
Under the TEF Entrepreneurship Programme, entrepreneurs receive US$5,000 seed capital.
TEF founder Tony Elumelu said Zambian entrepreneurs are among entrepreneurs across the continent benefiting from the 10-year project with a commitment of US$100 million.
Each year, the foundation selects about 1,000 entrepreneurs from across Africa and it is envisioned to empower 10,000 African entrepreneurs and creating one million jobs.
Mr Elumelu said in a press response majority of the beneficiaries are agriculture-based entrepreneurs.
Others are from commercial, education, energy, fashion, financial services and haulage sectors.
“All entrepreneurs on completing the TEF Entrepreneurship Programme receive the US$5,000 seed capital.
“The training alone puts them at an unparalleled advantage to their peers as they get opportunities to network across the region and be part of the largest network of African entrepreneurs,” Mr Elumelu said.
He said empowering entrepreneurs will in the medium and long term stimulate private sector growth and further address socio-economic challenges faced by African countries.