{"id":40329,"date":"2015-07-13T06:12:04","date_gmt":"2015-07-13T05:12:04","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=40329"},"modified":"2015-07-13T06:12:04","modified_gmt":"2015-07-13T05:12:04","slug":"tony-elumelu-doles-out-100-million-to-1000-emerging-african-entrepreneurs-from-51-african-countries","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/tony-elumelu-doles-out-100-million-to-1000-emerging-african-entrepreneurs-from-51-african-countries\/","title":{"rendered":"Tony Elumelu Doles Out $100 Million To 1,000 Emerging African Entrepreneurs From 51 African Countries"},"content":{"rendered":"<p>As part of Tony Elumelu\u2019s $100 million commitment to empowering African<br \/>\nentrepreneurs, 1,000 Tony Elumelu Entrepreneurs, representing 51 African<br \/>\ncountries from the Tony Elumelu Entrepreneurship Programme (TEEP) Class of<br \/>\n2015, converged near Lagos, Nigeria for an intensive two-day bootcamp<br \/>\nsession, an unprecedented gathering of emerging African entrepreneurs,<br \/>\nfrom 10-12 July, 2015.<\/p>\n<p>The entrepreneurs travelled from across the continent \u2013 from as far as<br \/>\nMadagascar and Morocco \u2013 and convened in Ota, Nigeria for an<br \/>\nentrepreneurship bootcamp made up of interactive sessions with successful<br \/>\nentrepreneurs, political and business leaders, and an open mic session<br \/>\nwith the Founder, Tony O. Elumelu CON.<\/p>\n<p>Gambian Badje Modou Lamin, whose business is in the agricultural sector,<br \/>\nsaid, \u201cThe bootcamp has been a great experience. I have been able to<br \/>\nexchange ideas with a number of entrepreneurs. This has really changed my<br \/>\nperspective on Africa.\u201d<\/p>\n<p>Maalainine Mohamed Bouya, from Morocco, said: \u201cThe bootcamp has been a<br \/>\nblast! Right from our journey from the airport down to the bootcamp, we<br \/>\nhave been discussing and sharing ideas among ourselves. Africa has huge<br \/>\npotential.\u201d<\/p>\n<p>Nigerian Obinna Chukwu, said: \u201cThe bootcamp has been a wonderful<br \/>\nexperience \u2013 I have met people from all over Africa. It makes me proud of<br \/>\nbeing a Nigerian. I thank Tony Elumelu and the Tony Elumelu Foundation for<br \/>\nmaking this happen.\u201d<\/p>\n<p>Mr. Elumelu, the Chairman of Heirs Holdings, spoke on his life experiences<br \/>\nand the principles that he learned from mentors, such as Chief Ebitimi<br \/>\nBanigo, that he applied towards his own successful entrepreneurship<br \/>\njourney.\u00a0 He answered an array of questions during a two-hour<br \/>\nquestion-and-answer session, offering perspective on innovation, strategy,<br \/>\ngovernance, financial management and decision-making.<\/p>\n<p>He said: \u201cEntrepreneurship is not a short-term journey and I am pleased<br \/>\nthat we can help these emerging leaders, as they seek to join me in<br \/>\ntransforming Africa. My commitment towards creating a thousand new<br \/>\nentrepreneurs who can change Africa forever, has now become a reality.<br \/>\nThis is only the beginning.\u201d<\/p>\n<p>Vice President of Nigeria Professor Yemi Osinbajo, GCON, welcomed the<br \/>\nentrepreneurs from across Africa and called on them to take advantage of<br \/>\nthe networks built in Ota to develop pan African investment and trade<br \/>\nnetworks.\u00a0 According to Vice President Osinbajo, \u201cThis programme deserves<br \/>\nall the commendation it is getting. Tony Elumelu has courageously put his<br \/>\nmoney where his mouth is. Societies can\u2019t develop without social<br \/>\nentrepreneurs. I charge you to be little Elumelus and create opportunities<br \/>\nfor others.\u201d<\/p>\n<p>The Vice President was joined by other senior political leaders including<br \/>\nKaduna Governor Nasiru El Rufai, and Lionel Zinsou, the Prime Minister of<br \/>\nBenin Republic.<\/p>\n<p>Other speakers included Parminder Vir, OBE, CEO of the Tony Elumelu<br \/>\nFoundation; Mo Abudu, Founder\/CEO of Ebony Life TV;\u00a0 Nollywood screen icon<br \/>\nOmotola Jalade-Ekeinde;\u00a0 Nimi Akinkugbe, CEO, Bestman Games; Rasheed<br \/>\nOlaoluwa, CEO of the Bank of Industry; former SEC DG Arunma Oteh;<br \/>\ninspirational coach Lanre Olusola; Martin Eigbike, Accenture Development<br \/>\nPartnerships;\u00a0 governance expert Angela Aneke; playwright and producer<br \/>\nAdewale Ajadi; Sam Nwanze, the Heirs Holdings Director of Finance and<br \/>\nInvestments; and David Rice, Director of the Africapitalism Institute.<\/p>\n<p>The Tony Elumelu Entrepreneurs of the TEEP Class of 2015 represent 51<br \/>\nAfrican countries and territories.\u00a0 They cover all of Africa\u2019s<br \/>\ngeopolitical regions &#8211; North, East, Southern, Central and West Africa \u2013<br \/>\nand major language blocs \u2013 Anglophone, Francophone, Lusophone, and Arabic<br \/>\nAfrica &#8211; as well as every state in Nigeria. They represent a diversity of<br \/>\nsectors that range from agriculture to education to energy, fashion and<br \/>\nICT, emphasising Africa&#8217;s potential.<\/p>\n<p>In his goodwill message to the visiting Tony Elumelu Entrepreneurs,<br \/>\nNigerian President Muhammadu Buhari, GCFR wrote, &#8220;I am proud that Nigeria<br \/>\n(and a Nigerian) is taking the lead in this effort to promote self-worth,<br \/>\nencourage entrepreneurship, create jobs, build and promote networks for<br \/>\nintra-African trade, business collaboration and investment.\u00a0 Our<br \/>\nAdministration is committed to unlocking all such opportunities to restore<br \/>\ndignity to our people. This programme is one example I hope others will<br \/>\nemulate and I commend Tony Elumelu and his Foundation for their endeavor<br \/>\nand leadership in this area. &#8221;<\/p>\n<p>As he closed the bootcamp, Mr Elumelu challenged all the entrepreneurs by<br \/>\nsaying, &#8220;I want to go to Zambia when I am 80 years old and meet someone<br \/>\nwho shows me their manufacturing business or financial institution and<br \/>\ntells me that it was built starting with $10k from Tony Elumelu.\u00a0 That&#8217;s<br \/>\nwhat this is about and that&#8217;s what you owe me.&#8221;\u00a0 He added, &#8220;The return I<br \/>\nwant from this $100 million investment is your success, because your<br \/>\nsuccess is Africa&#8217;s success.&#8221;<\/p>\n<p>After the bootcamp, the Tony Elumelu Entrepreneurship Programme will focus<br \/>\non providing the seed capital and support for the entrepreneurs to put<br \/>\ninto practice the knowledge gained from the bootcamp and the 12 weeks of<br \/>\ntraining carried out prior to the event. It will also continue to foster<br \/>\nincreased collaboration between them and the rest of the Tony Elumelu<br \/>\nEntrepreneurship Network as it seeks to promote cross-border trade within<br \/>\nthe continent.\u00a0 The application portal will re-open on January 1, 2016 for<br \/>\nemerging entrepreneurs across Africa to compete for places in the TEEP<br \/>\nClass of 2016.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>As part of Tony Elumelu\u2019s $100 million commitment to empowering African entrepreneurs, 1,000 Tony Elumelu Entrepreneurs, representing 51 African countries from the Tony Elumelu Entrepreneurship Programme (TEEP) Class of 2015,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":40330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-40329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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