President Paul Biya has disbursed the sum of thirty million CFA francs to support 102 entrepreneurs from Cameroon who took part in the Tony Elumelu forum for young Entrepreneurship programme. The amount that covered essentially logistics permitted the Cameroonian delegation to dedicate the sit capital received from the programme to the development of their businesses.
The Tony Elumelu forum for young Africans is five years old. It is one of the projects of the Tony Elumelu foundation that committed itself to provide million US Dollars within a decade to Young African entrepreneurs from the 54 countries of the continent.
Each year it provides a non refundable sit capital of five thousand US dollars to one thousand young African Entrepreneurs who succeed to meet up with the eligibility benchmark.
During the last four editions, the Tony Elumelu Entrepreneurship forum held in Nigeria’s commercial city, Lagos but the 2019 edition was organised in Abuja, the political capital of the Republic of Nigeria.
One of the major innovations this year is that three thousand five hundred young African Entrepreneurs took part in the forum and where provided with the sit capital.
Amongst the beneficiaries were one hundred and two Cameroonians who were also present at the Transcorp Hilton hotel in Nigeria for the annual event.
Three African leaders took part at the historic event that seeks to reshape the continents including the President of Rwanda, Paul Kagame, the President of Senegal, Maki Sall and the President of Democratic Republic of Congo, Félix Tshisekedi. The Prime Minister of Uganda and the Nigerian vice President, Oluyemi Oluleke “Yemi” Osinbajo were also present at the event.
The event was marked by a presidential debate on the future of African Entrepreneurship moderated by CNN’s Fareed Zakaria.
Some 60 speakers addressed the about 2000 participants who took part in the Tony Elumelu entrepreneurship programme.
Speakers encouraged young Africans to engage in entrepreneurship as a way to move the continent forward.
Tony Elumelu in a interview during the programme thanked president Paul Biya for Cameroon for the support provided to Cameroonian delegation to Nigeria. He also thanked the Cameroonian leader for the constant support to the foundation in realizing the African dream project.
During the event the foundation signed a partnership with the Senegalese government to train more entrepreneurs.
Prior the this year’s programme, the Tony Elumelu Foundation and the United Nation Development Programme reached an agreement to trained 100 thousand more young Africans with a decade for the development of the continent. The training is expected to start with countries hard hit by terrorism especially in the Sahel region including Cameroon, Nigeria and Chad.
So far, the Tony Elumelu foundation has trained more than 7000 young Africans.