Beneficiaries receive $5,000 each as Tony Elumelu Foundation announces 2024 cohort

The Tony Elumelu Foundation (TEF) on Friday announced the selection of 1,104 beneficiaries from 54 African countries for the 2024 edition of its annual entrepreneurship programme.

Speaking during the event held in Lagos, the Chairman and Founder of the TEF, Tony Elumelu, said each of the beneficiaries will receive a non-refundable seed capital of $5,000.

He said that the selection process was conducted by the globally renowned accounting firm, Ernst & Young.