Nigerian billionaire Tony Elumelu has decided to fund 1,000 budding African entrepreneurs as part of a $100m (£67m) initiative to boost the continent's private sector.
Mr Elumelu said the entrepreneurs were Africa's "hope for the future".
The 1,000 come from 52 African states and territories and were chosen from some 20,000 applicants.
Forbes magazine listed Mr Elumelu last year as the 26th richest African, worth $1bn.
The BBC's Lerato Mbele reports from South Africa's main city, Johannesburg, that his donation is the largest by a businessman towards the development of small businesses in Africa.
"The selection of these 1,000 entrepreneurs brings us closer to our ultimate goal - to drive Africa's economic and social transformation from within and to radically intensify job creation in Africa," Mr Elumelu said in a statement.
He plans to spend $100m to support 10,000 entrepreneurs over the next decade, and to create one million jobs through the initiative, the statement said.
BBC reportage
Wow!!...Nice one.
How did he become a billionaire? Nigeria's stolen money
ReplyDeleteNice one
DeleteStop spewing trash here! Why didn't you ask the same question of Dangote, Otedola, Adenuga and co? Please don't bring internal Delta State politics here!
DeleteBianca dear. If there are looters in Nigeria who became rich by stealing from the treasury, Elumelu is a certainly NOT one of them.
DeleteYes he really believe in the leaders of tomorrow not dat man dat don't want to go and rest at age 73 abi
ReplyDelete#GODWIN
God bless you sir.nice1
ReplyDeleteWow very nice. God bless u sir
ReplyDeleteNice one Mr Tony.
ReplyDeleteYea good job!
ReplyDeleteWe are watching and waiting
ReplyDeleteActually, one of my fb friends was selected. She's a mother of three.
DeleteWow, datz great!!! God bless him.
ReplyDeleteIn Nigeria? God bless him.
ReplyDeleteCorrect
ReplyDeleteNice initiative
ReplyDeleteAfolabi Tosyne's blog
God bless u Sir.
ReplyDeleteGod bless you sir.......no doubt Nigeria go better in the nearest future.....,,but Stella pls naaaa enjoy me
ReplyDeleteWho e helep????
ReplyDeleteBwahahahaha.....
Yes I have a friend who participated and got a congratulatory message from them 2 days ago. It's a great concept and it's highly commendable.
ReplyDeleteCharity begins at home. please start from Nija here Mr. Elumelu. congrats all the same
ReplyDeleteWell-done Mr.
ReplyDeleteSeen.
ReplyDeleteThat's the way to go, that's the way to directly impact young people with your wealth. Entrepreneurship investment is the future of any country and youth investment is the way to build a country's future.
ReplyDeleteI hope chunk of the 1000 people come from Nigerian because we need more funding for our talents more than any other african country. He paid a good tithe 10% of his $1billion, thats the best way for a wise man to pay his tithe at least he will see the direct impact.
Well done Sir.
Gud job well done kip it up. God bless. Bt d only tin wey dey pain me nw b say it's not really d right ppl to receive dt money will gt it. Rather ppl dt hv persons
ReplyDeleteGud job well done kip it up. God bless. Bt d only tin wey dey pain me nw b say it's not really d right ppl to receive dt money will gt it. Rather ppl dt hv persons
ReplyDeleteIs all BS. They should stop glorifying this liar. Is all show off.
ReplyDeleteIt's true. Somebody I know was selected
DeleteI love Tony Emelu so much! I will vote him if he is going for president! God bless you -Pst.Chekeleke
ReplyDeleteWelldone Sir.....
ReplyDeleteHope the money actually gets to the right people
ReplyDeletemake them do sent the invites biko.... i applied!
ReplyDeleteSomeone will soon come and say its d money he stole he is giving back but at least he is giving back. Good luck to d 1000
ReplyDeleteHow can one be a part of this great opportunity? Mr Tony,God bless u.
ReplyDeleteGreat initiative and avoid way to give back to the society. We need more of him in the world. Where are all the silent billionaires
ReplyDeleteA great way**
ReplyDeletea.k.a EDWIN CHINEDU AZUBUKO said...
ReplyDelete.
Thats nice....
.
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***CURRENTLY IN JUPITER***
Yes o Stella, I applied and won. I literarily went numb when they contacted me 2 days ago. Nice concept
ReplyDeleteGod bless him for touching lives...
ReplyDeleteI was selected. God l praise your name. It's my year.
ReplyDeleteFat thief fucking Owen the HR Director of HEIRS Holdings and also fucking small rat lola
ReplyDeleteFat thief fucking Owen the HR Director of HEIRS Holdings and also fucking small rat lola
ReplyDelete
ReplyDeleteWith UBA monies