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.
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 Ethiopian Deposit Insurance Fund (Edif) has generated 1.23 billion birr in revenue for the first half of the 2025/26 fiscal year. This income stems primarily from returns on treasury bills and Mudarabah savings investments. Edif's investment portfolio surged 128 percent in six months to 19.8 billion birr.
Intra-African trade reached $220.3 billion in 2024, marking a 12.4 percent rise from the prior year. Experts are calling for faster implementation of the African Continental Free Trade Area (AfCFTA), warning that inadequate infrastructure, lingering tariffs, and weak policy coordination could erode its potential gains.
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Egypt's Minister of Planning and Economic Development Ahmed Rostom emphasized that entrepreneurship is a government priority to transform innovative ideas into real job opportunities, during a meeting with officials in the country's start-up ecosystem. Rostom met with Amr El Abd, Adviser to the Prime Minister for Entrepreneurship, to discuss mechanisms for developing the national entrepreneurship ecosystem. The meeting focused on enhancing coordination among government entities to support start-ups and boost competitiveness.