The Tony Elumelu Foundation will grant $5,000 to 3,200 young African entrepreneurs in 2026, fostering job creation and inclusive economic growth.

Applications to the flagship programme were received from over 265,000 young Africans, representing all 54 African countries, underscoring Africa’s vibrant entrepreneurial sector and the funding challenge for entrepreneurs. Agriculture, Artificial Intelligence, Healthcare and Green Economy top sectors from applicants while US$16 million to be disbursed throughout 2026