The Tony Elumelu Foundation has announced the list of shortlisted candidates for its 2026 Entrepreneurship Programme.
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The Tony Elumelu Foundation (TEF) has announced the selection of 3,200 young African entrepreneurs for its 2026 Entrepreneurship Programme. This cohort, revealed on March 22, 2026, marks the 12th year of the program, which aims to empower African entrepreneurs with $16 million in seed capital to drive job creation and economic growth.
The announcement was made on Sunday, 22nd of March, 2026 by the foundation chief executive officer, Somachi Chris-Asoluka.
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Tony Elemelu Foundation Selected Participants for 2026 Cohorts Abstract
- Host: Tony Elumelu Foundation
- Location: Nigerian
- Category: Trainings || Grants
- Benefits:
- 3,200 Selected Participants
- $5,000 non-refundable seed grant and comprehensive support
- 75% of funded startups remain operational after 5 years
- Partnerships with global organizations like UNDP and the Dutch Government
- Announcement Date: March 22, 2026
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Tony Elemelu Foundation Selects 3200 Participants Details
The Tony Elumelu Foundation (TEF) has chosen 3,200 young African entrepreneurs for its 2026 cohort, marking a significant milestone in its mission to reshape the continent’s economic future. The selected entrepreneurs will benefit from a comprehensive program that includes a $5,000 non-refundable seed grant, business training, mentorship, and access to a vast alumni network.
TEF’s CEO, Somachi Chris-Asoluka, highlighted the program’s focus on artificial intelligence (AI) adoption and climate resilience, emphasizing the importance of technological disruption in business sustainability. “In 2026, every business must integrate AI to remain competitive,” she said.
The Foundation’s philosophy of Africapitalism emphasizes the private sector’s role in driving Africa’s development. Chris-Asoluka noted that entrepreneurs are key to tackling unemployment and poverty, and TEF aims to support them in creating large-scale enterprises.
The 2026 cohort reflects TEF’s commitment to inclusivity, with a diverse selection of entrepreneurs from across Africa.
- 51% Women in 2026 Cohort, Signalling Rise of Female-Led Enterprises
- 75% of selected entrepreneurs aged 18–35, reinforcing youth-driven economic transformation .
- 30% of selected entrepreneurs from rural communities, expanding access beyond urban centres, and 13 selected entrepreneurs reported to be thriving with disabilities.
The program has a strong track record, with 75% of funded startups remaining operational five years after launch.
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TEF is also advocating for policy reforms to unlock business growth, addressing challenges such as power supply and infrastructure deficits. The Foundation’s comprehensive support model and strategic focus on sectors like agriculture, healthcare, and the green economy aim to drive social impact and economic growth.
Key Highlights:
- 3,200 entrepreneurs selected for the 2026 cohort
- Focus on AI adoption and climate resilience
- $5,000 non-refundable seed grant and comprehensive support
- 75% of funded startups remain operational after 5 years
- Partnerships with global organizations like UNDP and the Dutch Government
This milestone marks TEF’s continued efforts to empower African entrepreneurs and drive economic growth on the continent.
How To Check Your Name On The List of Selected Candidates
To check for the list of selected candidates for the 2026 Entrepreneurship Cohorts, follow the instructions we have outlined below;
- Read the information we have provided on this webpage and ensure your eligibility
- Download the documents below to access the lists.
Begin your application by clicking on the button below.
Deadline: March 22nd, 2026
Click Here To Download
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