Close Menu
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
    • Life & Style
      • Crime
      • R&D Health
      • Diet and Fitness
      • Intimacy
  • Videos
  • About Us
    • Contact Us
Facebook X (Twitter) Instagram
Trending
  • 10-year-old boy accidentally shoots, kills police father in Anambra
  • Hajj 2025: NAHCON’s delegation visits Cultural District in Makkah, Chair recounts experience
  • Atiku condemns Benue killings, urges leaders to act
  • NIHOTOUR clarifies compliance exercise Incident at Federal Palace Hotel
  • Church worshippers, construction workers escape death as two storey building collapses in Lagos
  • Bricklayer bags life imprisonment for defiling minor in toilet
  • CAN mourns Plateau chairman Father Lubo
  • Economic interest, not religion, fuels Benue killings – SGF
Facebook X (Twitter) Instagram
The Eagle OnlineThe Eagle Online
Banner
  • Home
  • News

    Atiku condemns Benue killings, urges leaders to act

    June 16, 2025

    Church worshippers, construction workers escape death as two storey building collapses in Lagos

    June 16, 2025

    Bricklayer bags life imprisonment for defiling minor in toilet

    June 16, 2025

    CAN mourns Plateau chairman Father Lubo

    June 16, 2025

    Economic interest, not religion, fuels Benue killings – SGF

    June 16, 2025
  • Sport

    Bayern destroy Auckland City at FIFA Club World Cup

    June 15, 2025

    Nigeria’s Usman takes down Buckley in UFC main event

    June 15, 2025

    NPFL announces date for commencement of 2025/26 season

    June 14, 2025

    Okowa re-elected AFN President, states agenda

    June 13, 2025

    Kano Pillars FC Technical Adviser resigns

    June 13, 2025
  • Politics

    APC controlling PDP, LP, others — Sowore

    June 16, 2025

    2027: What transpired at APC North East meeting on Tinubu-Shettima ticket + Video

    June 16, 2025

    Governor Sanwo-Olu mourns LCDA Chairman

    June 15, 2025

    Wike leads some G5 members on visit to Tinubu + Photo

    June 15, 2025

    June 12: Gani Adams calls for true federalism

    June 13, 2025
  • Column

    Tribute to an achiever, iconic financial authority, Alhaji Rasaki Oladejo at 80, by Tajudeen Balogun

    June 16, 2025

    Ogoni 9, Tinubu, and his presidential pardon, by Kazeem Akintunde

    June 16, 2025

    The compelling courage of the Islamic Republic of Iran, by Femi Fani-Kayode

    June 15, 2025

    June 12 wounds and Nigeria’s search for closure, by Festus Adedayo

    June 15, 2025

    President Tinubu and June 12, by Tunde Rahman

    June 15, 2025
  • Business

    NIHOTOUR clarifies compliance exercise Incident at Federal Palace Hotel

    June 16, 2025

    Israeli-Iran War: Upsides for Nigerian economy — Expert

    June 16, 2025

    Breaking: Dangote to distribute petrol, diesel free to big buyers nationwide 

    June 15, 2025

    Governor Sanwo-Olu congratulates Rabiu Olowo at 40

    June 14, 2025

    Chain Reactions Africa clinches top honours as Nigeria’s most awarded PR firm at SABRE Awards

    June 14, 2025
  • Entertainment
    1. Photos
    2. Fashion
    3. Movies
    4. Music
    5. Life & Style
      • Crime
      • R&D Health
      • Diet and Fitness
      • Intimacy
    Featured

    Tinubu pays tribute to Abdulsalami on 83rd birthday

    By Adeola BalogunJune 15, 2025 Life and Style 2 Mins Read
    Recent

    Tinubu pays tribute to Abdulsalami on 83rd birthday

    June 15, 2025

    Groom, friends killed in auto crash minutes before wedding

    June 15, 2025

    Visit Ekiti billboard cap gains Vice President Shettima’s attention

    June 13, 2025
  • Videos

    Video: 2027: Alliance to have Atiku as president for one term, Obi as VP, to then run for presidency in 2031

    April 12, 2025

    APC Crisis: Why Tinubu demanded for Sanwo-Olu’s resignation

    April 10, 2025

    How Driver Of Gas-Bearing Truck Brought Misery To Many Under Otedola Bridge – Dotun Oladipo

    March 15, 2025

    Korra Obidi calls out ex-husband for failing to pay child support

    December 7, 2023

    2024 will be year of turbulence -Apostle Selman

    December 7, 2023
  • About Us
    • Contact Us
The Eagle OnlineThe Eagle Online
Home»Business»UNDP partners TEF to empower 100,000 young entrepreneurs in Africa
Business

UNDP partners TEF to empower 100,000 young entrepreneurs in Africa

The Eagle OnlineBy The Eagle OnlineJuly 6, 2019No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The United Nations Development Programme, the global development network of the United Nations, has partnered with the Tony Elumelu Foundation, Africa’s leading philanthropy committed to empowering entrepreneurs, to train, mentor and financially support 100,000 young entrepreneurs in Africa over 10 years towards the achievement of the Sustainable Development Goals and the African Union’s Agenda 2063.
The TEF-UNDP Sahel Youth Entrepreneurship Programme, which is expected to mobilise support for businesses, aims to generate millions of new jobs and contribute at least $10 billion in new annual revenues across Africa.
This was announced on Saturday at the 12th Extraordinary Session of the Assembly of the African Union, which saw TEF Founder, Tony Elumelu, and UNDP Regional Director for Africa, Ahunna Eziakonwa, joined African Presidents at the African Continental Free Trade Area Business Forum, where the agreement was signed.
The President of Niger, Mahamadou Issoufou, joined UNDP and TEF to launch the programme.
The partnership will target young Africans in under-served communities, starting with the Sahel, given the region’s opportunity as the youngest population in the world with 194 million people under 25 years of age (64.5% of the total population).
The TEF-UNDP Sahel Youth Entrepreneurship Programme will be implemented through TEF’s flagship Entrepreneurship Programme, which has already benefited 7,520 local entrepreneurs across 54 African countries in just five years of existence.
Similarly, the programme builds on UNDP’s YouthConnekt initiative.
The aim is to increase job creation through dynamic entrepreneurship and create sustainable economic growth that anchors the development of communities and states.
Speaking on the partnership, Ahunna Eziakonwa, Assistant Secretary-General and UNDP Regional Director for Africa, stated: “We see Sahel as a land of many opportunities and investing in the youth is a pre-condition to stabilizing the region. The youth should be at the heart of any development agenda. We need to invest in their potential, talent, energy and enthusiasm and create the opportunity for them to fully realize their dreams. That is why UNDP is co-creating development solutions by investing in entrepreneurship models to promote inclusive growth. Partnership with the Sahelian youth entrepreneur is a catalyst for transformation and sustainable development. We call on other private sector entities to join the Tony Elumelu Foundation to support young entrepreneurs.”
On her part, CEO of the Tony Elumelu Foundation, Ifeyinwa Ugochukwu, said: “Our partnership with UNDP is welcome and timely – it will directly assist entrepreneurial success in a number of fragile areas and is a testament to the validated approach to philanthropy we have pioneered. Africa needs partners that do not only believe in the potential of its private sector to champion economic development, but backs this with commitment. With this agreement, UNDP has proven to be a true partner to Africa’s entrepreneurs and has demonstrated its commitment to work with us to scale up the impact of this initiative and eliminate poverty on the continent.”
The TEF-UNDP programme is fully aligned with the 1 Million by 2021 Initiative of the Chairperson of the African Union Commission, Moussa Faki Mahamat.
Launched in April at the AU Headquarters in Addis Ababa, the 1 Million by 2021 Initiative aims to concretely reach one million African youth from across the continent with opportunities and interventions in the key areas of Education, Entrepreneurship, Employment and Engagement to accelerate Africa’s socio-economic development.
The Chairperson of the AUC speaking at the launch of the 1 Million by 2021 initiative said: “The 1 Million by 2021 initiative is an African call to action that aims to ensure that no young persons aged 15-35 is left behind. The initiative adopts a Pan-African outlook and facilitates strategic partnerships to open up new opportunities for young people on the continent…The AU has the expertise, convening power and continental reach at our disposal but that alone cannot guarantee success. We need commitment from our public and private sector partners to achieve success. In the face of our overwhelming task, a collective effort is necessary to stand and succeed. In Africa, we say, ‘Broomsticks bound together are difficult to break. This is the approach that I implore us to take.”
Through the TEF-UNDP partnership, the selected applicants will each receive a maximum of $5,000 non-refundable seed capital, access to mentors, a 12-week business training and networking opportunities.
They will join the previously announced 3,051 beneficiaries of the 2019 cohort of the TEF Entrepreneurship Programme.
The applications will be run on TEFConnect, the largest digital networking platform for African entrepreneurs, and forms will be available in any of the branches of the United Bank for Africa.
Following the end of the application window, an initial longlist of 5,500 applicants will be selected to undergo the 12-week business training.
After the training, the final shortlist of 2,000 applicants will be announced to join the previous 2019 TEF cohort.

Post Views: 84

Follow The Eagle Online Channel on WhatsApp

TEF UNDP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleMore women attempt suicide than men — Psychologist
Next Article Buhari salutes Super Eagles for beating Indomitable Lion of Cameroon
The Eagle Online

Related Posts

NIHOTOUR clarifies compliance exercise Incident at Federal Palace Hotel

June 16, 2025

APC controlling PDP, LP, others — Sowore

June 16, 2025

2027: What transpired at APC North East meeting on Tinubu-Shettima ticket + Video

June 16, 2025
© 2025 All Rights Reserved. The Eagle Online.
  • Home
  • Privacy Policy
  • Advert Rates
  • Submit News
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.