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UBA Calls for Applications for Tony Elumelu Foundation’s Entrepreneurship Program

The United Bank for Africa (UBA) Zambia is urging local entrepreneurs to apply for the Tony Elumelu Foundation (TEF) Entrepreneurship Programme. This is in accordance with UBA’s commitment to providing accessible financial products and services for Small and Medium-Enterprises (SMEs) and supports the bank’s vision to be the leading financial service institution in Africa.

Launched in 2015, the TEF Entrepreneurship Programme stands as the largest philanthropic initiative in Africa, dedicated to empowering entrepreneurs across the continent. Successful applicants will not only receive a $5,000 non-refundable seed capital but also gain access to world-class business management training, mentorship, and crucial networks and markets.

Felix Lesa, Head of Retail at UBA Zambia, expressed his excitement about the program, stating, “At UBA, we believe in the power of entrepreneurship to transform societies and drive economic progress. The Tony Elumelu Foundation Entrepreneurship Program provides a unique platform for aspiring entrepreneurs to receive the support, mentorship, and resources needed to turn their dreams into reality.”

Mr. Lesa encouraged Zambian entrepreneurs to seize this opportunity, emphasizing that the program equips individuals with the capacity to identify commercial opportunities, while also fostering the development of self-esteem, knowledge, and skills for long-term growth.

Interested applicants can submit their applications through, with the deadline set for March 31th, 2024. The Tony Elumelu Foundation, a leading advocate for entrepreneurship in Africa, has committed $100 million to empower 10,000 African entrepreneurs over a decade. 

The Foundation collaborates with various institutions, including the United Nations Development Program, the African Development Bank, and the United Bank for Africa Plc, to create a meaningful and lasting impact across the continent.

To date, the Tony Elumelu Foundation has successfully trained, mentored, and funded over 15,847 young African entrepreneurs across all 54 countries, while also providing capacity-building support, advisory services, and market linkages to over 1 million Africans through its digital networking platform.

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