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38 Cameroonians win 2018 Tony Elumelu Foundation grant

38 Cameroonians are among the list of 1000 Africans  selected by the Tony Elumelu Foundation for the 4th cohort of its…

38 Cameroonians are among the list of 1000 Africans  selected by the Tony Elumelu Foundation for the 4th cohort of its 10-year, $100 million (circa 60 billion FCFA ) TEF Entrepreneurship Programme

Cameroonians whose names feature on the list include; Afu Njaiyo Sakwe,  Akwo Ngwashie Ashangndowah, Ali Ahmed Mahamat, Antoine Marie Joseph William Atangana Dzama,  Atanga Ndeh Angu,  Bieleu Konnang Aurelien,  Blandine Angele Messa, Bouba Oumarou Aboubakar,  Brice Maxime Kengni Tsague, Carmel Fopa, Cedric Leonel Ngoula, Charlotte Horore Bell Epse Bebga,  Daniel Lionel Nguidjoi Essoumba,  Emmanuel Gana, Epie Norge Avie, Faith Muwar Mpara, Flavien Simo Kouatcha,  Gaston Che Nkhoh,  Harvey Nkeng Akah, Hippolyte Tchoffo Nozawo, Jacques Opepam Opepam,  Joel Ekeh Chinazo Achua,  Joseph Arnaud Nguangue,  Kouatchoua Mark, Lionel Mbiandjeu, Loveline Asongasoh,  Marie Claude Ngamgo Harel Nouadjie, Melissa Jane Bime,  Ngale Foretia Henry,  Ngwa Ndifor Christian,  Njang Napoleon Abang,  Oliver Fomunung Sama,  Olivier Arnaud Sadoung Noubossie, Onorine Anwi Yunga,  Philippe Rene Penda,   Sinclair Eric Embanoho Maneng,  Tamutan Asah Azefor Azinwie, and Yvette Yulem Ngoram.

The selection of 38 Cameroonians for the 4th cohort, brings to 104, the number of Cameroonians who have benefited from this program, launched four years ago. 19 of them were selected in 2015, 25 in 2016 while 22 were among last year’s beneficiaries.

Going by a release from the foundation, over the next nine months, these Cameroonians  and other 2017 Tony Elumelu Entrepreneurs will be trained and mentored, and will use the skills acquired to develop a business plan. Following which, they will be eligible to receive up to $10,000 in seed capital.

Founder, Tony O. Elumelu, CON, according to the press statement, said; “The number and quality of applicants, 151,000 in total, was outstanding – it illustrates the strength and depth of entrepreneurial promise and commitment on our continent. Selection is never easy, and we profoundly regret that we cannot help all. Our partnerships with the Red Cross, UNDP and Indorama, alongside ongoing discussions with other international organizations, reflect the growing global recognition of what we have known all along – that entrepreneurship is the most effective path to sustainable development on our continent and our Programme is the model to follow.”

He said there was a near 50-50 split between male and female applications, reflecting the entrepreneurial ambition of Africa’s women, saying agriculture was the leading sector among selected entrepreneurs at 30.5%, followed by technology (10.5%) and education & training (7%).

The Foundation’s Chief Executive Officer Parminder Vir OBE said, “Over the next nine months, the entrepreneurs will receive online training and mentoring, and will use the skills acquired to develop business plans prior to receiving $5,000* in seed capital. This will bring TEF’s total Programme investment so far to $15 million in direct funding to entrepreneurs and $5.8 million in Programme & technology development and operations.”

He said their beneficiaries have created more than 55,000 jobs and counting, and will convene from across all of Africa’s 54 countries to Lagos this October for the TEF Forum – the largest gathering of African entrepreneurs in the world.

The Programme culminates in the TEF Entrepreneurship Forum – the largest annual gathering of African entrepreneurs and the full entrepreneurship ecosystem from across the continent, which brings together entrepreneurs, mentors and business and political leaders in October, for a two day event in Lagos, Nigeria.


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