Tony Elumelu Foundation case study now part of Harvard’s curriculum

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Tony Elumelu

In an unprecedented move, the Harvard Business School, the graduate business school of Har­vard University, is set to cast the spotlight on the Tony Elumelu Foundation (TEF), recognizing the Foundation’s extraordinary philanthropic achievement in a groundbreaking case study.

The case study, first of its kind on any philanthropic organisa­tion in Africa, is to be launched today, Thursday 29 February 2024, before a class of graduate students in Boston, Massachu­setts and will explore the Foun­dation’s unique approaches and transformative initiatives, show­casing how strategic philanthro­py offered by TEF is driving positive change and elevating countries and communities.

This move by Harvard under­scores the Foundation’s pivotal role in empowering young Af­rican entrepreneurs across all 54 African countries and places the Foundation at the forefront of global discussions on transfor­mative and catalytic philanthro­py, acknowledging its significant contributions towards fostering entrepreneurship in Africa.

In addition to delving into the foundation’s innovative approaches and the resultant impact it has garnered over the years, the event will also feature an exclusive acknowledgment of the Founder of TEF, Tony Elu­melu’s economic philosophy of Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent.

The Tony Elumelu Founda­tion is the leading philanthropy, empowering a new generation of African entrepreneurs, driving poverty eradication, catalyzing job creation across all 54 African countries, and increasing inclu­sive economic empowerment.

Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed over US$100 million in direct funding to 20,000 young African women and men, who have col­lectively created over 400,000 di­rect and indirect jobs.

Tony Elumelu who spoke on the impact of TEF on the Afri­can youth said, “TEF is creating economic hope and opportunity for African Entrepreneurs. We know that entrepreneurship is the antidote to poverty, youth unemployment and insecurity. Through the intervention of the Tony Elumelu Foundation, we are encouraging our young peo­ple, giving them hope through the seed capital we provide, creating capacity for them through the training and mentoring we provide and setting them up to create businesses that will suc­ceed and create even more jobs. Collectively we are fixing the challenges that we have on the continent.”


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