No fewer than 3,369 young women entrepreneurs across Africa are to receive a grant of $5,000 each from the Tony Elumelu Foundation by the end of this year.
The grants, which are being made possible by a Trustee of the Tony Elumelu Foundation, Dr. Awele Vivien Elumelu, are non-returnable seed capital as part of the 2021 Tony Elumelu Foundation Entrepreneurship Programme.
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Chairman of the Foundation himself, Tony Elumelu, who made this known through his Instagram handle, described his wife, Dr. Awele Elumelu as a silent supporter of women.
He said: “The $16.8 million non-refundable grant to young African women and makes up to 68 percent of the total candidates selected this year.
“This year alone, the Tony Elumelu Foundation disbursement is $24.75 million to 5,000 African SMEs for #TET2021 Programme.”
