Inside $6m Partnership Deal Tony Elumelu Foundation Just Sealed In UAE
The Tony Elumelu Foundation – the philanthropic initiative of African business leader, Tony Onyemaechi Elumelu – has signed a USD$6million partnership agreement with the UAE Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation.
The agreement, according to information provided by Mr Elumelu via his social media handle, was to empower additional 1,000 young African entrepreneurs.
“The Tony Elumelu Foundation signs a USD$6million partnership agreement with the UAE Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation to provide non-refundable $5,000 seed capital, to an additional 1,000 young African entrepreneurs,” the post of the founder and chairman of the Tony Elumelu Foundation on the development reads.
HighStreet.ng gathered the arrangement was perfected in Dubai, United Arab Emirates today, February, 12, 2025.
