Tony Elumelu

USD 100 million commitment to train, mentor and fund 10,000 African entrepreneurs across 54 countries over 10 years

Role

Founder and funder of the Tony Elumelu Foundation

Reported by

Tony Elumelu Foundation (commitment as described in the ORB International impact report summary)

Sources ^{1 2}

Over USD 100 million in non-refundable grants (USD 5,000 seed capital each) disbursed to about 24,000 young entrepreneurs in 54 countries

Role

Founder and funder of the Tony Elumelu Foundation

Reported by

Tony Elumelu Foundation; stated by CEO Somachi Chris-Asoluka, reported by Vanguard (March 2026)

Sources ³

More than 27,000 young Africans funded; up to USD 135 million paid directly as seed capital

Role

Founder and funder of the Tony Elumelu Foundation

Reported by

Tony Elumelu Foundation (own website)

Sources ⁴

Estimated 85,305 decent jobs and USD 2,325,513,903 in revenue across TEF- and partner-supported businesses; beneficiary firms average 13 employees vs 6.5 for unsuccessful applicants; 84% started the business pitched vs 70%

Role

Founder; the foundation commissioned the assessment

Reported by

ORB International (Opinion Research Business), third-party monitoring and evaluation contractor commissioned by TEF; survey of 3,160 beneficiaries and 1,312 non-beneficiary applicants

Sources ^{1 2}

USD 4.2 billion revenue generated by beneficiaries; 1.5 million direct and indirect jobs; 4.2 million households impacted; 2.1 million people lifted above the poverty line

Role

Founder and funder of the Tony Elumelu Foundation

Reported by

Tony Elumelu Foundation; stated by CEO Somachi Chris-Asoluka, reported by Vanguard (March 2026)

Sources ³

3,200 young entrepreneurs to be supported in 2026

Role

Founder and funder of the Tony Elumelu Foundation

Reported by

Tony Elumelu Foundation, reported by Vanguard

Sources ³

Over 2.5 million registered individuals

Role

Founder of the Tony Elumelu Foundation

Reported by

Tony Elumelu Foundation (own website)

Sources ⁴