 |
| Macron and Tony/ Getty images |
The French government has signed a
development finance agreement with Tony Elumelu Foundation, TEF, for
development finance and entrepreneurship in Africa.
The agreement worth one billion
Euros was executed yesterday in Lagos at the instance of the French President,
Emmanuel Macron, who announced the deal yesterday during a talk show with
nearly 2,000 TEF alumni during an exclusive interactive session. TEF set aside
$100 million in 2015 for an entrepreneurship programme to train, mentor and
fund 10,000 young entrepreneurs across Africa by 2024.
The session was hosted and
moderated by the founder of TEF, Mr Tony Elumelu, principally to give the
Foundation’s entrepreneurs a platform to closely engage Macron and learn from
his experience as one of the youngest Heads of State in recent times while
networking and forging partnerships with French and African business leaders
and policymakers in attendance. Announcing the deal Macron had said the program
was aimed at building on the current achievements of TEF across Africa.
Earlier Elumelu had emphasized the
objective and program of TEF to include building a new generation of
entreprenures in the continent with a view to changing the narratives of the
African socio-economic experience from dependency, underdevelopment and
unemployment to a private sector driven and sustainable growth led by the young
population.
He also emphasized the digital
strategy of the Foundation’s capacity building activities amongst African
youths and the impact in creating an inclusive economic growth in the region.
He had noted that the collaboration between the French President and TEF is a
result of President Macron’s recognition that African entrepreneurs are the key
to Africa’s economic transformation and his desire to connect with and elevate
the voices of future leaders.
.jfif)
0 Comments