TEF entrepreneurs generated $4.2b revenue, created 1.5m jobs

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 inaugurates the 4th Ethiopia Tamar Expo amid cheers, highlighting $10B export record.
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Prime Minister Abiy inaugurates fourth Ethiopia Tamar expo

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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 BATN Foundation awarded equity-free grants of N1.5 million each to 17 graduate agripreneurs on 9 June 2026 following competitive pitches at three Nigerian universities.

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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.

Ethiopia earned 408.2 million dollars by exporting 236,415 tons of horticulture products over the past 10 months. Agriculture Minister Adisu Arega announced the revenue during a visit to production sites.

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Colombian state oil company Ecopetrol announced profits of $2.8 trillion and revenues of $28.6 trillion for the first quarter of 2026. Earnings fell 7.7% from the same period in 2025. The Ebitda margin reached 47%.

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