The Harvard Business School on Thursday released a case study examining the role and impact of the Tony Elumelu Foundation (TEF), and its approach to catalysing entrepreneurship in Africa.
The move which is a first in the history of the HBS comes at a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models,
The Foundation, which funds young African entrepreneurs, has pioneered an approach to seeding, capacitising and networking young entrepreneurs across Africa. Drawing directly from Tony Elumelu’s entrepreneurial journey, his acknowledgement that luck and chance played an important role in his success, the Foundation democratises luck, spreads opportunity, in a sector agnostic approach, and has developed a bespoke infrastructure that reaches every country in Africa.
