African Women Economic Empowerment by Tony Elumelu Foundation & EU
Applications are open for all potential African women entrepreneurs to benefit from the economic empowerment programme of Tony Elumelu Foundation.
This Africa’s leading philanthropy over the years has given itself to empowering young African entrepreneurs with finance and other essential aids to sustain their diverse economic enterprises.
However, in this year 2021 edition, the European Union in a bid to advance the EU Gender Action Plan (GAP lll) partners with Tony Elumelu Foundation to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021.
It is noteworthy, that the partnership is ready to disburse €20 million in financial and technical support for women-owned businesses, across all 54 African countries.
Commenting on the joint initiative newly formed with the EU, Tony Elumelu, Founder of the Tony Elumelu Foundation expressed his delight to partner with the European Union.
He reiterated his assurance that the joint effort will bring about economic opportunities for African women, whom for too long have endured systemic obstacles to starting, growing and sustaining their businesses.
In his actual expression, the EU Commissioner for International Partnerships, Jutta Urpilainen, said “This partnership with the Tony Elumelu Foundation will help women participants in economic development, realise their full potential and accelerate economic inclusion.
Furthermore, the commissioner said “empowering women entrepreneurs is a key driver for sustainable jobs and growth, especially in the context of the COVID-19 pandemic and in line with the objectives of our African Strategy. Women and girls represent half of the world’s population and they deserve equal opportunities.”
Eligible applicants must be women from the continent of Africa who need financial or related aids to start up or sustain their business.
Any interested applicant that meets the conditions mentioned above should proceed to log onto the web page of the Foundation and get enrolled.
