By ADONIJAH OCHIENG The Tony Elumelu Foundation Entrepreneurship Forum 2019 announced last week that 3000 startups from across 54 African countries will receive $5000 (Sh500,000) in seed capital, mentorship and training.About 113 beneficiaries from K...
By ADONIJAH OCHIENG
The Tony Elumelu Foundation Entrepreneurship Forum 2019 announced last week that 3000 startups from across 54 African countries will receive $5000 (Sh500,000) in seed capital, mentorship and training.
About 113 beneficiaries from Kenya will benefit from the programme this year, up from 74 last year.
During the two day event, more than 60 global speakers and 5000 participants from public and private sectors including three head of states gathered to discuss youth empowerment and job creation the event held in Abuja, Nigeria.
The foundation received about 216,000 applications this year. Around 10,170 applications made it to the evaluation stage from which 3,050 winners were selected.
Majority of the applications came from Nigeria (112,455), Kenya (5,247) and Uganda (3,993).
Most of the applications came from the Sub-Saharan region. Only 27 startups from Northern Africa were selected for the funding.
Original Source: https://www.nation.co.ke/lifestyle/smartcompany/3000-African-entrepreneurs/1226-5228288-11638vvz/index.html
