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Application for the Tony Elumelu Foundation Entrepreneurship Programme closes March 1

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The Tony Elumelu Foundation, an African-funded and founded philanthropy committed to empowering African entrepreneurs has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal launched on the 1st of January 2019 will close on the 1st of March, 2019.

Selected beneficiaries will join 4,470 current alumni and will receive $5,000 seed capital, access to mentors, bespoke training and numerous opportunities to impact policies at the local and global level.

Open to African entrepreneurs from the 54 African countries, the Entrepreneurship Programme accepts business ideas as well as existing

businesses with less than 3 years of experience in all sectors of the economy. It has been commended as one of the few accelerator-type programmes that encourage viable businesses at idea stage that can demonstrate potential to scale, generate revenue and create employment opportunities.

A 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs, the Programme’s objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa.

Some of the success stories from the Tony Elumelu Foundation Entrepreneurship Programme include Mama Moni, founded by Nkem Okocha, a fintech social enterprise that provides loans to women in rural communities in Nigeria; founded by Martin Ruga, Desserts Anyone, a chocolate processing enterprise in Kenya was built from scratch and with the infusion of the capital from the Tony Elumelu Foundation Entrepreneurship Programme, the business now serves over two tonnes of chocolate to over 50,000 consumers; founded by Abiodun Adereni, Help Mum, a Nigerian based enterprise that provides low-cost birth kits to prevent child and maternal mortality recently won the first ever Google Nigeria Impact Challenge and has attracted additional capital investments; iMed Tech, founded by Nneile Nkholise, innovates in the medtech space in South Africa by using technology to create breast prostheses for women with breast cancer; in Egypt, Ahmed Abbas founded Sun City that provides mobile solar pumps for small farmers. Additionally, six of Tony Elumelu Foundation entrepreneurs were recognised on the Forbes 30 under 30 list, among many other achievements, some have been appointed on the boards of global companies, government and developmental institutions, influencing policies at various levels.

The Programme is inspired by Tony Elumelu’s economic philosophy of Africapitalism and his vision to institutionalise luck and democratise opportunity for a new generation of African entrepreneurs. Applications will be judged based on criteria including feasibility, scalability and potential for growth of the product/service; market opportunity for the idea/business; financial understanding, leadership potential and entrepreneurial skills.

Applicants can apply on TEFConnect – www.tefconnect.com – the largest digital networking platform for African entrepreneurs.

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Moment Of Praise Ends 2024 with Renewed Hope and New Beginnings

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The founder of Moment of Praise, an online weekly praise and worship session, Ranti Netufo, has said despite the challenges and difficulties experienced in the year 2024, there are many reasons to praise God for divine provisions in various ways.

He stated this while commenting on the special session of the programme slated for the last Sunday of the year titled “Renewed Hope and New Beginnings.”

The online praise and worship programme is holding from 6-8pm on Sunday December 29.

“The year 2024 has been filled with challenges. Despite the economic difficulties it has been amazing, with Moment of Praise, the Lord has kept us safe from the beginning of January until now. We all have a reason to praise God for His protection and mercy over us and our loved ones.

“Moment of Praise, an online weekly praise and worship programme, has provided avenue for us to praise and worship the Almighty God with top and popular gospel musicians.

“The programme climaxed for the year today with the programme themed “Renewed Hope and New Beginnings”, reference from Isaiah 43:19. 2024 has been an amazing year despite its own challenges, the Lord has given us moment to praise Him and celebrate.

‘’Today being the last Sunday of the year, we will be celebrating as we make a joyful noise unto the Lord with Moment of Praise team and Victor Praise. The programme will be streamed live on Facebook from 6-8pm,” he said.

Many gospel music stars have ministered to audience of the programme in the past, such as Tobe Alabi, Adeyinka Alaseyori, Evangelist Chigozie, Toluwanisings, Apekeola, Lekan Remilekun, Princess Ifemide, Paterson Okopi,Tope Flourish, Dare Justified, Bidemi Olaoba, Lady Evangelist Asonja Grace Awoete (Arole Eledumare), among several others.

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More Troubles For Ex-Delta Gov. Okowa As EFCC Arrests Accountant General Over N1.3Trn Fraud

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The Economic and Financial Crimes Commission (EFCC) has intensified investigations into the activities of former Delta State Governor, Ifeanyi Okowa, over an alleged N1.3 trillion fraud with the arrest of the Accountant General of Delta State, Mrs Joy Enwa.

The arrest of Enwa by the anti graft commission we gathered is part of investigations into the alleged misappropriation of N1.3 trillion linked to Okowa.

Other officials being questioned by the anti-graft agency, including a former Director of Finance and Administration.

EFCC sources hinted that the contentious funds include portions of the 13 percent derivation allocation meant for oil-producing states from the monthly Federation Account revenue.

It was widely reported that former Governor Okowa was detained at the EFCC’s Port Harcourt office in November over allegations of using his office to divert state funds for personal gain.

Among the assets allegedly tied to the fraud include shares in UTM Floating Liquefied Natural Gas (LNG) Company and investments in the oil sector.

Spokesperson of the Commission, Dele Oyewale, who confirmed the arrest, said; “Mrs Enwa was detained for questioning over the ongoing investigation into the mismanagement of state funds under the former administration. Some other government officials have also been interrogated.”

Mrs. Enwa, who served as Deputy Accountant General during the administration of Governor Emmanuel Uduaghan, was appointed Accountant General by Okowa in 2020.

When contacted to comment on her engagement with the anti-graft agency, Mrs. Enwa declined to provide details, stating; “I am not the right source to confirm this story. Please contact the EFCC for clarification.”

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Alleged Debts: NCC Approves Disconnection Of Exchange Telecoms From MTN Company Network

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The disconnection of Exchange Telecommunications LTD from MTN Nigeria Network has been approved by the Nigerian Communications Commission (NCC).

MTN company was accused of failing to settle interconnect charges.

Exchange Telecommunications is a local and international interconnect carrier.

The NCC, a regulatory commission made this known in a public notice signed by its Public Affairs Director, Mr Reuben Muoka at the NCC office on Friday.

It was noted that the disconnection would subsist until otherwise determined by the commission.

“The Nigerian Communications Commission hereby notifies the public that approval has been granted for the disconnection of Exchange Telecommunications Ltd. (Exchange) from MTN Nigeria Communications Ltd. (MTN) as a result of non-settlement of interconnect charges,” the NCC said.

It was also stated that the Exchange was notified of the application and was given the opportunity to comment and state its case.

The NCC, however, said having examined the application and circumstances surrounding the indebtedness, it determined that the Exchange does not have sufficient reason for non-payment of the interconnect charges.

NCC said the disconnection of the Exchange Telecommunications to MTN was in accordance with Section 100 of the Nigerian Communications Act, 2003 and the Guidelines on Procedure for Granting Approval to Disconnect Telecommunications Operators, 2012.

At the expiration of five days from the date of this notice, MTN would discontinue passing voice and data traffic through Exchange and will, thereafter, utilise alternative channels in interconnecting with other network service providers.

 

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