The TEF Entrepreneurship Programme is
open to entrepreneurs from across Africa, either with new startup business ideas
or existing businesses of less than 3 years’ existence, operating in any
sector. Successful applicants will join the over 9,000 current beneficiaries, from 54 African countries, and receive
business training, mentoring, a non-refundable $5,000 of seed capital with access to global business networking
opportunities through the TEF Connect;
a fully integrated online real-time application that
connects several entrepreneurs, their products and services across the
continent.
Last year, the Foundation received
about 216,000 applications, with 42% coming from women entrepreneurs, from
every country on the continent. Since commencement of the TEEP
in 2015, 189 Tanzanian entrepreneurs
have benefited from the programme with a total funding support of $1.89m (about TZS4.3billion) in the form of training, mentoring and seed
capital of $5,000 each to support
the implementation of their start-up business ideas or grow their existing
businesses.
UBA Tanzania as part of its initiative
to ensure that more Tanzanian entrepreneurs emerge as successful applicants for
the program this year 2020, decided to organize a free coaching session for the
interested members of the public.
A total of 100 potential applicants
participated in an intensive business training organized by the bank at
the Golden Tulip Hotel City Centre on Tuesday
21st January 2020. The
application for TEF opened since 1st January 2020 and will end early
in March.
Speaking at the event, the CEO of
Clouds Media Group Mr. Joseph Kusaga enjoined participants at the training
session to take advantage of this positive gesture of UBA Tanzania to ensure
that they diligently complete their applications to enable them emerge as
winners of the seed fund. Mr. Kusaga also used the occasion to commend the
Group chairman of UBA, Mr. Tony Elumelu for dedicating a huge amount of $100 million
for the development of young entrepreneurs. Encouraging young Tanzanian
entrepreneurs to go for the application so as to reduce unemployment
challenges, Joseph Kusaga advised the youths to be upfront grabbing such golden
opportunities which are very rare to find in our country.
One of the TEF alumni for the year
2017, Mr. Kimambo shared his experience with TEF and said that the programme is
transparent and everyone who apply and win, gets the $5,000 seed capital and
enjoys free online training sessions via the TEFConnect.
“I encourage my fellow Tanzanians to grab this opportunity, all you have to do
is apply online, submit your best business initiative and win free $5000 as a
seed capital to implement your start-up business idea or grow your existing business.
The UBA Tanzania’s MD/CEO Usman
Isiaka in his welcome address stated that The Tony Elumelu Foundation is the
leading philanthropic institution in Africa with focus on entrepreneurship
development. The TEF has trained, mentored and granted seed capitals to over
9000 entrepreneurs across the 54 African countries with cumulative seed capital
funding of over $45m. He advised the participants in the
session and media representatives present to encourage other young Tanzanian entrepreneurs
to apply for the programme.
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