ENTERPRISE54 – Four foundations of prominent African leaders have been awarded grants by the Tony Elumelu Foundation (TEF) to support their work in identifying and developing the next generation of African leaders.

The recipient foundations are the Kofi Annan Foundation, the John A. Kufuor Foundation, the Olusegun Obasanjo Foundation and the Thabo Mbeki Foundation. They all share a dedication to the development of Africa through a focus on the continent’s young people, an approach that resonates with the Tony Elumelu Foundation’s own emphasis on entrepreneurship as the key catalyst for Africa’s economic transformation.

According to Dr. Wiebe Boer, CEO of the Tony Elumelu Foundation: “There is a critical need in Africa for leadership development and this is a great opportunity for us to support the work of exemplary African political leaders to equip the next generation, so their experience becomes a benefit to us all.” Through the African Leaders Grant, each organisation will utilise the funds to support initiatives associated with the entrepreneurship and leadership development pillar of the Tony Elumelu Foundation.
“The Tony Elumelu Foundation has previously partnered with the Olusegun Obasanjo Foundation to support our work in youth employment in Africa. It is a personal passion Tony and I share and something that this grant will allow us to continue doing. This collaboration to equip the next generation is an example that I hope others will follow. Africa will be better off for it,” commented President Obasanjo on the grant.

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This man is just throwing money around. He's probably now a bigger donor towards charity than Dangote.

Kudos to him anyway.