Elumelu commended for supporting young entrepreneurs

April 16th, 2018

From John Silas, Lagos

President Uhuru Kenyatta has commended Tony Elumelu Foundation for empowering young entrepreneurs in Africa.

According to him, the Tony Elumelu Foundation was doing a good job supporting growth and welcomed the selection of 74 entrepreneurs from Kenya as this yeara��s members of the 4th cohort of the foundationa��s entrepreneurship programme.

He said: a�?It is a great thing to see Africans coming out forcibly to build to Africa through initiatives such as this. Our continent is endowed with massive resources; we do not have to always rely on support from elsewhere.

Kenyatta spoke at the State House, Nairobi, when he met Mr. Tony Elumelu, Chairman of the United Bank for Africa (UBA) and also the founder of the foundation that endeavours to empower African budding entrepreneurs.

Mr. Elumelu said his organization represents $100 million commitment to identify, fund, train and ultimately empower 10,000 African entrepreneurs.

a�?Our objective is to create over one million jobs and add $10 million in revenues to Africaa��s economy over our a�?decade of entrepreneurshipa�� which started in 2015,a�? Mr. Elumelu said.

The 74 entrepreneurs from Kenya are part of a group of 1,000 entrepreneurs selected from 150,000 applications from the 54 African countries.

He expressed optimism that the 74 Kenyan entrepreneurs selected by his foundation will champion entrepreneurial development in Kenya and lend their support to local initiatives that will drive inclusive growth and development.

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