Entrepreneurs supported by the Tony Elumelu Foundation (TEF) have generated $4.2 billion in revenue and created 1.5 million jobs.
A Daily Trust report highlights that entrepreneurs backed by the Tony Elumelu Foundation (TEF) have generated some $4.2 billion in revenue. These entrepreneurs have also created 1.5 million jobs. The article title reads: ‘TEF’s Entrepreneurs Generated $4.2b Revenue, Created 1.5m Jobs’. The report was published on 2026-03-23.
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Prime Minister Abiy Ahmed (Dr.) inaugurated the fourth Ethiopia Tamar expo today. He stated Ethiopia achieved $10 billion in export revenue for the first time in history this year. Industry Minister Melaku Alebel said the manufacturing sector is the center of national sovereignty.
The Federal Government of Nigeria has engaged over 12,000 youths in local and global opportunities. It has also allocated more than N13 million in grants to support over 80 youth initiatives.
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The World Bank states that Ethiopia's government development enterprises have shifted from budget burdens to job opportunities. A new report details reforms turning these entities into efficient revenue generators.
Egypt's Ministry of Finance announced a 30.8% rise in tax revenues, equivalent to EGP 380.3 billion, during the first eight months of fiscal year 2025/2026, bringing totals to EGP 1.614 trillion from EGP 1.234 trillion a year earlier. The ministry attributed the growth to broad-based increases across most tax categories, fueled by business engagement and recent tax reforms.
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Ethiopia's National Bank Governor Dr. Eyob Tekalgn stated that development efforts in the financial sector are yielding tangible results. This remark came during the Invest Africa 2026 forum in Addis Ababa. The Minister of Labor and Skills also emphasized the need for commitment in knowledge and skills.
The Industrial Parks Development Corporation (IPDC) has opened financial services in Special Economic Zones (SEZs) to all banks and highlighted over $1.5 billion in government investment for their development. Fitsum Ketema shared these updates at a half-day consultation workshop on strengthening banking coordination and investor support.
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Foreign direct investment in Mexico hit a record 40,871 million dollars in 2025, up 7.7 percent from revised 2024 figures. Yet the fourth quarter saw a negative flow of 5,026 million dollars, the first since records began. The Secretaría de Economía attributes this to dividend payments and financial operations, not investment cancellations.