{"id":17883,"date":"2024-03-01T06:00:46","date_gmt":"2024-03-01T06:00:46","guid":{"rendered":"https:\/\/theblogonline.com\/?p=17883"},"modified":"2024-03-01T06:03:34","modified_gmt":"2024-03-01T06:03:34","slug":"harvard-business-school-launches-tony-elumelu-foundation-case-study","status":"publish","type":"post","link":"https:\/\/theblogonline.com\/?p=17883","title":{"rendered":"Harvard Business School Launches Tony Elumelu Foundation Case Study"},"content":{"rendered":"

At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development <\/span><\/span>finance models, <\/span><\/span>Harvard Business School<\/span><\/span> today<\/span><\/span> releas<\/span><\/span>ed<\/span><\/span> a case study<\/span><\/span> ex<\/span><\/span>amining the role and impact of<\/span><\/span> the Tony Elumelu Foundation (TEF), <\/span><\/span>and its unique approach to catalysing entreprene<\/span><\/span>urship in Africa.<\/span><\/span><\/p>\n

The Foundation<\/span><\/span>, Africa\u2019s leading funder of young entrepreneurs, has pioneered an <\/span><\/span>innovative <\/span><\/span>approach to <\/span><\/span>seeding, <\/span><\/span>capacitising<\/span><\/span> and networking young entrepreneurs across Africa. <\/span><\/span>Drawing directly from Tony Elumelu\u2019s <\/span><\/span>entrepreneurial journey, his acknowledgement that luck and chance played a<\/span><\/span>n important<\/span><\/span> role in his success, <\/span><\/span>the Foundation democratises luck, spreads opportunity, in a sector agnostic approach<\/span><\/span>, <\/span><\/span>and<\/span><\/span> has developed a bespoke infrastructure t<\/span><\/span>hat reaches every country in Africa. The Foundation is a direct expression of Elumelu\u2019s philosophy of Africapitalism, that the private sector must play a<\/span><\/span> pivotal<\/span><\/span> role in Africa\u2019s development, and that investment must <\/span><\/span>seek social, as well as economic returns.<\/span><\/span><\/p>\n

The case study, <\/span><\/span>the <\/span><\/span>first of its kind <\/span><\/span>focused on African <\/span><\/span>philanthrop<\/span><\/span>y<\/span><\/span>, <\/span><\/span>was<\/span><\/span> launched <\/span><\/span>today,<\/span><\/span> Thursday, February 29, 2024, before a class of graduate students <\/span><\/span>at Harvard Business School<\/span><\/span> and explore<\/span><\/span>d<\/span><\/span>the Foundation’s unique approaches and transformative initiatives, showcasing how <\/span><\/span>the <\/span><\/span>strategic philanthropy offered by TEF<\/span><\/span>,<\/span><\/span> is driving<\/span><\/span>positive change and elevat<\/span><\/span>ing<\/span><\/span> c<\/span><\/span>ountries and c<\/span><\/span>ommunities.<\/span><\/span><\/p>\n

The case study recognises challenges the Foundation face<\/span><\/span>s, and its responses<\/span><\/span>,<\/span><\/span> as it developed its mission<\/span><\/span>, since founding in 2010.<\/span><\/span> The track record is impressive, <\/span><\/span>with <\/span><\/span>over <\/span><\/span>20<\/span><\/span>,000 entrepreneurs funded, over a million connected digitally and the development of an impact assessment capacit<\/span><\/span>y.<\/span><\/span> TEF has<\/span><\/span> disbursed over USD$100 million<\/span><\/span>, reaching every African country<\/span><\/span>. <\/span><\/span>The Foundation is increasingly <\/span><\/span>developing a <\/span><\/span>partnership-based<\/span><\/span> approach, working with <\/span><\/span>institutions<\/span><\/span> such as the <\/span><\/span>EU, US <\/span><\/span>agencies<\/span><\/span>, the <\/span><\/span>UNDP, the ICRC<\/span><\/span>, the Ikea <\/span><\/span>Foundation,<\/span><\/span> and others to develop bespoke programmes focused on fragile states, female entrepreneurs<\/span><\/span> and sustainability initiatives.<\/span><\/span><\/p>\n

Tony Elumelu<\/span><\/span>,<\/span><\/span> who spoke <\/span><\/span>at Harvard<\/span><\/span> said, \u201cTEF<\/span><\/span> is creating <\/span><\/span>economic hope and <\/span><\/span>opportunity for<\/span><\/span> African <\/span><\/span>e<\/span><\/span>ntrepreneur<\/span><\/span>s.<\/span><\/span> We know that entrepreneurship is the <\/span><\/span>solution <\/span><\/span>to youth unemployment and insecurity. <\/span><\/span>Through the intervention of the Foundation, we <\/span><\/span>are<\/span><\/span>transforming <\/span><\/span>our young people,<\/span><\/span> giving <\/span><\/span>them hope<\/span><\/span>.<\/span><\/span>C<\/span><\/span>ollectively<\/span><\/span>,<\/span><\/span> all of us can <\/span><\/span>resolve<\/span><\/span> the challenges that we have on the continent<\/span><\/span>.<\/span><\/span><\/p>\n

It is wonderful to have had the opportunity to work with HBS, to spotlight our successes<\/span><\/span>, acknowledge the challenges that we have at times faced, <\/span><\/span>and provide the opportunity to spread our experience, for the benefit of others.<\/span><\/span>\u201d<\/span><\/span><\/p>\n

The Harvard Business School<\/span><\/span> session <\/span><\/span>provide<\/span><\/span>d<\/span><\/span> a<\/span><\/span>n opportunity <\/span><\/span>to engage in a meaningful discussion on the role of philanthropy in shaping sustainable and inclusive economies. <\/span><\/span>As the world grapples with complex challenges<\/span><\/span> around demographics, climate and sustainability<\/span><\/span>, the Tony Elumelu Foundation <\/span><\/span>model offers<\/span><\/span> a fascinating model of how<\/span><\/span> strategic philanthropy can be a driving force for positive change.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu Foundation (TEF), and its unique approach to catalysing entrepreneurship in Africa. The Foundation, Africa\u2019s leading funder of young entrepreneurs, has […]<\/p>\n","protected":false},"author":1,"featured_media":17885,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2456],"tags":[8514,8515],"class_list":["post-17883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-harvard-business-school","tag-tony-elumelu-foundation-case-study"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17883"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17883"}],"version-history":[{"count":1,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17883\/revisions"}],"predecessor-version":[{"id":17884,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17883\/revisions\/17884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/17885"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}