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 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.
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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%.
Banco de la República posted profits of $2.67 trillion for February 2026, a drop of 8.49% from the same period in 2025. Total income reached $3.10 trillion, down 9.12%. The decline stems mainly from weaker performance in international reserves.
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South African Revenue Service collections hit R2.01-trillion in the 2025/26 financial year, exceeding the R2-trillion mark for the first time. The figure surpassed 2025 budget estimates by almost R25-billion and marks an 8.4% increase from the previous year. Commissioner Edward Kieswetter called it a historic crossing as he bows out.