Tony Elumelu announces new entrepreneurship cohort on his birthday
Tony Elumelu, billionaire philanthropist and Chairman of Heirs Holdings, has unveiled the 12th cohort of the Tony Elumelu Foundation Entrepreneurship Programme. The announcement was made on his birthday, as he reflected on the journey and mission of empowering young African entrepreneurs. Elumelu highlighted the importance of resilience and determination among the selected founders. The new cohort will benefit from funding, mentorship, and business training.
TLDR
- Tony Elumelu and his wife, Awele Elumelu, officially unveiled the new cohort on Sunday.
- The 2026 cohort includes 3,200 entrepreneurs from all 54 African countries.
- Selected entrepreneurs were chosen from over 265,000 applications.
- Each entrepreneur will receive a non-refundable seed grant of $5,000, totaling $16 million in funding.
- The programme aims to empower young Africans with training, mentorship, and access to a pan-African network.
