Spotlights Role of African Philanthropy in Transforming the Development Agenda in Africa
At a time of restored geopolitical interest in Africa, and an increasing questioning of conventional advancement financing designs, Harvard Business School today launched a case research study analyzing the function and effect of the Tony Elumelu Foundation (TEF), and its distinct method to catalysing entrepreneurship in Africa.
The Foundation, Africa’s leading funder of young business owners, has actually originated an ingenious method to seeding, capacitising and networking young business owners throughout Africa. Drawing straight from Tony Elumelu’s entrepreneurial journey, his recognition that luck and opportunity played an essential function in his success, the Foundation democratises luck, spreads out chance, in a sector agnostic technique, and has actually established a bespoke facilities that reaches every nation in Africa. The Foundation is a direct expression of Elumelu’s viewpoint of Africapitalism, that the economic sector should play a critical function in Africa’s advancement, which financial investment needs to look for social, in addition to financial returns.