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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Egypt could generate between $5bn and $9bn in annual revenues from exporting digital services if it creates 630,000 jobs by 2029.

Egypt's Minister of Investment and Foreign Trade Mohamed Farid announced the launch of an industrial fund under the Egyptian Sovereign Fund and a unified digital platform to support industry and exports during the Fifth Engineering Export Excellence Awards.

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Waziri Mkuu wa Kilimo Mutahi Kagwe amezindua mpango wa serikali wa kuongeza mapato ya wakulima wadogo wa chai kutoka Ksh59 kwa kilo mwaka 2022 hadi Ksh100 ifikapo 2027. Alitangaza mpango huo Embu leo, akisisitiza marekebisho 10 chini ya BETA. Fedha za mkopo wa Ksh3.7 bilioni zitatumika kuboresha mashine na ubora wa chai.

Former Ethereum Foundation researcher Dankrad Feist has called for a new community-led organization with a $1 billion treasury to better align incentives with Ethereum's growth.

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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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