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TEF Forum witnesses largest gathering of African entrepreneurs
October 22, 2017, 3:33 pm
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Africa’s leading philanthropy dedicated to supporting entrepreneurship, the Tony Elumelu Foundation (TEF), concluded its 3rd annual TEF Entrepreneurship Forum on 14 October in Lagos, Nigeria.

With more than 1,300 participants from 54 African countries, the Forum was not only the largest gathering, but also the most diverse and inclusive of its kind on the continent.  Innovations across sectors, including agriculture, technology, healthcare, fashion and energy generation were featured at the forum.

The Forum, which was launched in 2015 out of the Foundation’s US$100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs over a decade, has over the years grown in popularity across the continent.

Addressing this year’s gathering, philanthropist and founder of TEF, Tony O. Elumelu, who is also Chairman of the United Bank for Africa, spoke of his belief, that a vibrant African-led private sector is the key to unlocking Africa’s economic and social potential.

“Africa’s development, which must be private-sector led and entrepreneurially driven, will have at its heart, young African innovators and their transformative ideas.  Only they will create the millions of jobs Africa needs. The Forum has brought together Africa’s most important developmental force, her young entrepreneurs who will become catalysts for Africa’s economic liberation.

We have united the African entrepreneurship ecosystem, putting the entrepreneurs at center stage. I want to thank those heads of government and other key policymakers, who have supported our firm belief that the private sector is the engine for growth and the private sector players, who are models of our philosophy of Africapitalism — the idea that business will drive change and that change must deliver economic and social wealth” he explained.

The two-day event provided African entrepreneurs with a platform to network and connect with business leaders, policymakers and investors. Focusing on the Forum’s theme of training and mentoring, speakers discussed topics that educated, empowered and inspired the entrepreneurs, addressing the key stages needed to successfully launch a business.

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