African Billionaire Launches $100 Million Dollar Program for African-American Entrepreneurs

Tony Elumelu, an attributed philanthropist and African billionaire, is a stellar businessman with specialized training in economics, seeking to change the economic standing of those in the African-American community. Elumelu chairs Heirs Holdings and Transcorp, and is also the founder of the esteemed Toney Elumelu Foundation.

In 2014, Elumelu, along with other prominent American and African business moguls, partnered to form a summit in Washington DC that consisted of more than 45 African and American business heads, along with 50 African business leaders. The common theme of the platform was to see to the improvement in the economic stance of Africans, as well as African-Americans, and to create advancement opportunities for all who interacted.

Elumelu’s statements to the media explained that the summit presented a promising opportunity for individuals to make positive returns on contributions made to valuable incentives around the Atlantic. He expressed that this was not mere chatter, but an outlet to expose those involved to greater opportunities in business growth.

The vision set forth by Tony Elumelu is one that he believes merges more than simple aid; it creates a solid partnership between Africa and the U.S. It’s the beginning of a business journey that takes a different, but more rewarding, path for all of those invested. The trip to Africa taken by President Obama was another key indicator that steps are being taken in the right directions to strengthen business ventures between Africa and America.

These attempts coexist with The Tony Elumelu Foundation as it extends its principles for growth to businesses owned or started by women and minorities. The most significant move, by far, is the entrepreneurship program that The Tony Elumelu Foundation will spearhead. It is designed on a financial standing of $100,000,000 to be disbursed among entrepreneurs throughout the U.S and Africa.

This newly formed relationship between Africa and the U.S is one that can create a positive mode of growth for African American entrepreneurs who stay the course and take the route the foundation has designed. The overwhelming occurrences of negativity surrounding African Americans in the press makes it necessary for many to find outlets that help them reach their full business potential. The summit created the opportunity and the foundation’s program provides the means to capitalize on the opportunity.

Comment

You need to be a member of CaribbeanFever / FeverEyes / CaribFever to add comments!

Join CaribbeanFever / FeverEyes / CaribFever

Comment by KorioJames on November 24, 2021 at 9:39am: If this guy is determined to raise the economy, then he just needs to devote more funding to cryptocurrency transactions. The economy will immediately grow at the expense of the middle class and ordinary workers. I myself have learned how to use a crypto bot for maximum benefit when buying and selling on an online exchange. And I don't mind if more people come to this sector.

Comment by Machell Pettis on January 22, 2017 at 10:06pm: This is wonderful I am the founder and owner of Dr. James Still Herbal Tea Co. LLC. Dr. Still was the "First Black Doctor of the Pines" and a self taught physician an herbalist in the 1800's. He had a 6 grade education. My great grand mother Sidney ran away from the slave master three times. I am an African- American family owned company. I am the great Neice of Dr. Still and his brother was William Still who wrote "The Underground Railroad ". We are a very historical family. I would be delighted to discuss more about my business and how you could help in a business venture with my company. The Still family comes from a Guinea Prince from Africa our roots have been traced back. Please feel free to contact me at drjstillherbaltea@gmail.com or drjamesstillherbaltea.com. 609-914-4826.

Comment by Ivan Butcher II on May 6, 2016 at 7:37am: ..., By Their Own Rules

http://hbcuconnect.com//content/292013/by-their-own-rules

Comment by Victor anthony on February 2, 2016 at 7:44pm: message it to my son

Comment by Buford c j batiste on January 31, 2016 at 5:49pm: Sir hello and what an honor to know we can contribute our professions by reproduce our selfs in others. We are employable people to our community I personally thank you for your help please concer my company we have struggle for 40+yrs and would welcome a little help url:http://batiste interiors.org 708-528-tile

Comment by DelCarlos Duncan Jr on January 27, 2016 at 6:39pm: Great!!! Sounds like a great investment! Caribbean Fever, please follow up with me.

Comment by 2 on January 25, 2016 at 12:54pm: Hello my name is Michael A. Levy. I would like to be considered as one of the ones to receive financing. I have a couple of business plans drawn up on various industries and have just been in need of financing to start. The Business that I am most anxious to get started in is rental properties. I own a half acre and am looking to purchase another half acre and build homes for rental. I looked at this as the most modest start. Because real estate grants a security that most other businesses don't and would give me a more complimentary exit strategy if the need arises. The business itself is expected to be a success. With payoff of the loan in seven years. The funding amount requested is $300,000.00. In the form of a small business loan.