Tony Elumelu, on East Africa’s Closing Bell, Discusses how Africa can Tackle Poverty, Unemployment

17th April 2018 in

Chairman, Heirs Holdings and Founder, The Tony Elumelu Foundation (TEF), Tony O. Elumelu was featured on Kenya’s Closing Bell Programme where he discussed how Africa can tackle poverty and unemployment.

He stated that the TEF Entrepreneurship Programme targets to add $10billion to the African economy by supporting 10,000 entrepreneurs on the continent. The programme offers business training, mentorship, and access to seed capital funding. CNBC Africa’s Charles Gitonga spoke to Tony Elumelu on the success stories from the initiative and the role of philanthropy in growing entrepreneurship in Africa.

Key highlights from this interview:

  • The fight against poverty should be a multi-faceted all-embracing fight involving the government and the private sector.
  • Poverty eradication starts with creating economic activities and including the womenfolk in these economic activities
  • There is a lot of interest in agriculture by the young people.
  • Today, there are African philanthropists from within who are supporting humanity. We come from Africa, we know its challenges, we know the best way to intervene because we live with these challenges.


Originally published on CNBC Africa.


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