Tony Elumelu Foundation AMIP launch
The Tony Elumelu Foundation is an African based and funded not-for-profit institution, dedicated to the promotion and celebration of excellence in business leadership and entrepreneurship across Africa. As a 21st century catalytic philanthropy, the Foundation is committed to driving the continent’s economic growth from within by proving
the African private sector can itself be the primary generator of economic development.
Founded in 2010 by Tony O. Elumelu, MFR, the Foundation identifies and grooms business students, young entrepreneurs and CEOs of African corporations at various stages of their development. It seeks to use African capital and leadership to create a pipeline of entrepreneurs, while also supporting imaginative business leaders whose ideas can create sustainable employment and foster regional partnerships.
The Tony Elumelu Foundation is also a pioneer in the adoption of impact investing as a means of catalyzing economic change. Unlike most philanthropies, the Foundation sees grants as only one of a set of effective philanthropic tools and believes that for the start up and small and growing business segments, impact investing can be a more sustainable means of capitalization because of the entrepreneurial rigor that comes with requiring a financial return.
In all that it does, the Foundation is guided and supported by a committed advisory board who themselves represent excellence in the African and international business worlds.
Source: Tony Elumelu Foundation