Sèmè City funds over 50 Beninese entrepreneurs led by TEFJanuary 29, 2019
Sèmè City funds over 50 Beninese entrepreneurs led by TEF
Sèmè City funds over 50 Beninese…The international knowledge and innovation city Sèmè City, has entered a pact with the Tony Elumelu Foundation (TEF), the forefront philanthropic organization fundings African entrepreneurs to train, educate and empower more than 50 Beninese entrepreneurs.
Sèmè city can be a part of a growing list of governments, development agencies, and personal sector organizations partnering with the TEF to explore the Foundation’s sustainable model of financial aid geared toward addressing the foundation reason behind impoverishment in Africa whereas creating jobs and economic wealth for all.
As a part of the partnership with the foundation, Sèmè city can invest $250,000 for the support of fifty further Beninese entrepreneurs with innovative projects across varied sectors starting from a commercial enterprise to health, energy, ICT, surroundings, fashion, media, amusement, and agriculture.
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This partnership aims to produce beneficiaries with the required skills to develop high-impact ventures also as encourage feminine entrepreneurship. The fifty beneficiaries are going to be designated additionally to the 1,000 African entrepreneurs hand-picked throughout the fifth edition of the Foundation’s flagship Entrepreneurship Program.
The beneficiaries can enjoy the coaching and mentorship programme offered by the foundation, at the top of that they’re going to receive $ 5,000 each to develop their businesses which can, in turn, contribute to the creation of jobs and wealth in Africa.
Expressing on the partnership, the yet-to-be-appointed CEO of the Tony Elumelu Foundation, Ifeyinwa Ugochukwu asserted:
“We have always advocated for a collaboration between the public and private sector and this partnership exemplifies our conviction that working together to empower African entrepreneurs is the only way to create sustainable economic development on the continent”.
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