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The Nairobian

56 Kenyan entrepreneurs picked for enterprise training

Business

By Samuel Njuguna Njogu | Apr 22, 2017

Fifty-six Kenyans are among the 1,000 entrepreneurs shortlisted for the annual Tony Elumelu Foundation (TEF) Entrepreneurship Programme.

Over 93,000 entrepreneurs applied for the programme - more than twice the 2016 applications and nearly four times the previous year.

Over the next nine months, the entrepreneurs will be trained and mentored to develop a business plan and will then be eligible to receive up to $10,000 (Sh1 million) in seed capital.

"Standing here to announce the successful applicants is bittersweet; we have 92,000 budding business leaders who weren't selected for our programme and these young African men and women have demonstrated a lot of energy, innovation and creativity in their applications," said TEF founder Tony Olumelu.

"We should not relent until we help them all realise their aspirations."