Tony Elumelu Foundation Entrepreneurs Programme (Africa)

The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs that is driving poverty eradication, catalyzing job creation, and ensuring women’s economic inclusion in all 54 African countries.

The Foundations aims to:

• Promote entrepreneurship development in Africa with a focus on startups and existing MSMEs (Micro Small and Medium Enterprises).
• Provide entrepreneurship skills training to startups and emerging African entrepreneurs.
• Deliver Business Development Services (BDS) necessary for startups and existing MSMEs across Africa for growth and diversification.
• Promote innovation mentoring, technology development, networks, and market linkages among African Entrepreneurs.
• Undertake initiatives that promote access to affordable credit working capital guarantees and other financial services suitable for startups and small businesses in Africa.
• Advance policy advocacy by facilitating partnerships with state and non-state actors to improve the Operating business environment for local enterprises development in Africa.
• Setting up systematic monitoring and evaluation of the impact on African Entrepreneurs. Engage private sector leaders Corporations and businesses to support the development of African entrepreneurs.
• The TEF Entrepreneurship Programme directly addresses some of the most endemic challenges to African start-ups through o 4-step process:
• An online tool kit- The TEF Entrepreneurship Programme provides access to TEFs proprietary online Start-up Toolkit training which is comprehensive, practical training that equips entrepreneurs with resources on financial planning, market analysis, product marketing, business management skills, and many more. Over a period of 8 weeks, the entrepreneurs are assigned training modules with assignments that are completed with dedicated mentors. A weekly webinar is held by TEF to facilitate a deeper understanding of the principles covered and respond to questions. Interpretation in French, Portuguese and Arabic ore available for non-English speaking entrepreneurs to follow the training as well.
• Mentoring- The TEF Entrepreneurship Programme matches mentors selected from all over the world with entrepreneurs to conch and guide them through the training window. The mentorship leverages online tads such as the TEF connect platform, email, social media etc. Mentor Selection end matching is Core-fully conducted to ensure alignment with the entrepreneurs’ goals and objective.
• Business plan preparation and review- The TEF Entrepreneurship Programme further supports entrepreneurs that have been through the training to develop o business plan using o simplified template provided. After this a business plan certification competitive process occurs to review, provide feedback and refine the document to ensure feasibility.
• Seed capital investment- Upon certification of the business plans the TEF Entrepreneurship Programme provides o non- refundable seed capital investment of up to USD5.000 or its equivalent in local currency in a corporate bank account in the business name of the entrepreneur. A due diligence exercise is con-ducted in which the entrepreneur is required to fulfill certain compliance criteria before being eligible to the funding.

Scope of Work

Tony Elumelu Foundation has through its flagship Entrepreneurship Programme and support from partners trained and funded over 18,000 entrepreneurs across all 54 African countries. The impact of these interventions has been very visible and has led to the creation of champions with remarkably interesting success stories. Howevers these numbers continue to rise. It has become increasingly important to move beyond remote monitoring to explore more robust monitoring systems that combine their remote monitoring effort and an on-the-ground extensive third-party monitoring network. Third-party monitoring would allow for real-time follow-up of entrepreneurs from seed granting through fund utilization to growth. Critical to data quality is also the objectivity of feedback from independent monitors to ensure constant learning and improved programme quality.

Scope and Geographic Locations

Monitoring and assessment will cover programme beneficiaries from the 54 project countries in Africa to meet the independent assessment needs of all donors with specific evaluation requirements.

Minimum Organizational Requirements

• Sound general organizational capacity and demonstrated ability to provide field monitoring services for the categories mentioned in the TOR
• Have relevant specialized knowledge and capacity to handle multi-donor impact assessment and report accordingly
• Have suitably qualified key experts for the provision of the services
• Experience in similar work with development organizations on similar programme or projects Eligibility to travel within Africa as required
• Demonstrate actual presence in project countries to ensure onsite monitoring
• Litigation and arbitration history of the Offeror does not bear any potential reputational or other risks
• Financial indicators to prove the Offeror’s long-term sustainability and possession of a sufficiently sound financial position to ensure it can meet its financial commitments under this TOR.

For more information, visit Tony Elumelu Foundation.