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1,000 WAYS TO TRANSFORM AFRICA 2017 APPLICATION DEMOGRAPHY REPORT
1,000 WAYS TO TRANSFORM AFRICA: 2017 APPLICATION DEMOGRAPHY REPORT
© 2017 The Tony Elumelu Foundation
Application assessment by Accenture Development Partners
3
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME
We are pleased to present The Tony Elumelu Foundation (TEF) Entrepreneurship Programme Application
Demography Report. The Report provides an analysis of the more than 93,000 expressions of interest we
received in 2017, the 3rd cycle of our groundbreaking entrepreneurship programme. These applications,
provide access and insights into African start-ups and early stage enterprises who are currently strting a
business or have started a business within the last three years; high growth sectors which offer the greatest
business opportunities; demographics and women led businesses who collectively have the potential to
catalyze Africa's economic transformation. The report is a comprehensive review of the selection processs
and the pipeline of talented entrepreneurs that we are selecting each year from across the continent to
receive training, mentoring and funding.
The Foundation's main focus is based on the Founder's legacy to empower a generation of successful
entrepreneurs who enable the economic and social development across Africa through entrepreneurship.
Our Programme is rooted in our core philosophy of Africapitalism, which promotes long-term investment in
strategic sectors that will create economic and social wealth; deliver financial returns for shareholders as well
as social dividends for society. The Foundation advocates for more local value creation, intra-African trade
and investment, regional integration and the development of local human capital and other capacities of
African entrepreneurs. The Foundation's programmes and activities are designed to empower African
entrepreneurs, institutionalise luck, democratise opportunity and create an enabling business environment
where entrepreneurship can flourish in a sustained manner.
The design and development of the TEF Entrepreneurship Programme directly responds to this challenge and
is open to any African entrepreneur, regardless of nationality, gender, faith, age or sector, who has a
transformative and a scaleable business idea, the drive to succeed and to compete to be one of the best
1,000 ideas selected over the next 10 years. With the establishement of the programme, we seek the
participation of both the global and African private sectors alike to support the ambitions of Africa's budding
entrepreneurs.
Based on the data we gather from the tens of thousands of applications which we receive from every corner
of Africa each year, we conduct crucial research and develop policy to improve the enabling environment
for start-ups and entrepreneurs in Africa. In the coming years, we will be able to measure the impact our
Programme is having by counting the number of jobs created and revenues generated by our
entrepreneurs, the policies we will have helped to reform and the improved perceptions of Africa, as a high-
yielding destination for the smart long-term investor.
One of the most valuable aspects of this report is the examination of African entrepreneurs' sectors of focus,
relative to countries and regions. It provides information and market intelligence for academia, institutional
investors, corporates and other entrepreneurs looking to gain exposure to the continent's potential.
We trust that you will find this guide relevant and useful and we look forward to our incredible continent's
economic and social transformation.
FOREWORD
2017 APPLICATION AND EVALUATION REPORT
TABLE OF CONTENTS
4
Foreword 3
Executive Summary 5
Introduction 7
About The Tony Elumelu Foundation 8
Some Milestones 10
2017 Application Drive Review 11
The 2017 Figures and Application Evaluation Overview 12
2017 Application Review 13
Observations and Recommendations 20
Evaluation Approach/Methodology 21
Outcome of Evaluation – Batch of 10,135 26
Outcome of Evaluation 27
Three-year Trend 31
Top 1,000: Statistical Review 33
The Road To 1,000 34
Regional, Gender & Sector Analysis of the Selected 1,000 35
Three-year Trend Analysis 41
Yearly Application Progression 42
Application Distribution 43
Female Participation 44
Final Selection Distribution 45
Female Finalist Distribution 46
Top 20 Countries 47
Appendix I: 2015 Results 48
Appendix II: 2016 Results 50
Acknowledgments 52
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME
HOW WE REACH THEM
During the 8-week application process and a sustained application awareness drive over the same period,
we attracted more than 93,000 applications from 55 African countries and 107 countries worldwide. This,
despite the obvious challenges of spreading awareness across the continent with the second lowest internet
penetration rate.
Indeed, the number and country of submissions has a direct correlation with internet penetration. In fact, a
significant number of applicants completed their applications on mobile phones.
While 79.8% of the 84.7% of applications from West Africa came out of Nigeria, the other countries in Western
Africa account for only 4.8% of applications. Not counting the Nigerian applications, Eastern and Southern
Africa had more applications per country than did Western Africa; a surprise result which speaks to a
combination of internet penetration and the development of the entrepreneurship ecosystem in each
region.
To reach as many people as possible, a broad array of information media was used to attract applicants.
Most applicants were informed by their friends while Facebook led the social media platforms and print
media publications followed. In Africa, Facebook is an entrepreneur's space for finding opportunities and
business.
ENTREPRENEURSHIP IS AN AGELESS GAME
Nearly 3,000 applicants were between the ages of 46 and 60. 57% of applicants were between the ages of 26
and 35, while a combined 80% of applicants were between 18 and 35 years old.
In Africa, entrepreneurship is not bound to age and the entrepreneurial thirst is not quenched as time passes.
In some ways, this is driven by a lack of respect for retirement age here, however it also reflects the fact that
one is never too old to be inspired by the possibility that your ideas have the potential to transform your
community, country and continent.
With its teeming, energetic and highly entrepreneurial young population, we are confident that these young
Africans hold the key to the economic transformation of the continent. This is what inspired us to launch the
Tony Elumelu Foundation Entrepreneurship Programme, a 10-year, US$100 million commitment to training,
mentoring and funding 10,000 African entrepreneurs.
Indeed, we are already seeing some outstanding entrepreneurs. Momar Taal (2016) credits the Foundation
with, “equipping me with certain business management principles which I credit for my ability to strategically
grow my company and scale my projects across the continent. Before we joined the TEF Entrepreneurship
Programme, we had a turnover of $20,000-$30,000. We took the seed capital provided by the Foundation,
invested wisely and we did $1.6 million last year and we're on track to do $2 million plus this year, so we're
growing rapidly.”
Stories like these reflect the impact that our Programme has had on incentivized entrepreneurs like Momar
Taal and the potential it has, to impact many more entrepreneurs like him.
EXECUTIVE SUMMARY
2017 APPLICATION AND EVALUATION REPORT
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME
TAKING IT TO THE ROOTS
Agriculture and fashion are the dark horses of our programme. Each year, agriculture business ideas lead in
the number of applications by nearly ten points, proving that Africa's entrepreneurs have long embraced
agriculture as the root from which our continent's economies will grow.
Fashion is another major industry that has gone unnoticed as a key force across Africa but which is bursting
with innovative creators. Protectionist policies banning the import of textiles have created room for fashion
designers in countries like Nigeria to develop fashion lines and houses based in traditional styles and sense.
African fashion borrows from its storytelling roots and investment from internal and external sources will
create a burgeoning to feed the $31 billion industry.
Women entrepreneurs are considered particularly attractive investment partners so the 3% increase in
female applicants was hard fought and won.
The Tony Elumelu Foundation believes that for Africa to develop, we need more responsible and responsive
leaders like Tony O. Elumelu CON who can grow profitable businesses that respond to the challenges on the
continent. We need entrepreneurs who can come up with homegrown solutions to everyday problems on
the continent. The data contained in this report provides insight into the entrepreneurs themselves, how to
reach them and how to target women for business development programmes.
With around 60% of Africans living in poverty, there is urgent need for such leaders who will create prosperity
and social wealth to emerge and grow the economy. Through our application process, we now know with
certainty that there is a legion of talented entrepreneurs with great ideas across Africa, but we realize there is
limited access to the funding and training needed to actualize their potential.
2017 APPLICATION AND EVALUATION REPORT
Introduction
2017 Application Drive Review
Evaluation Approach/Methodology
Outcome of Evaluation – Batch of 10,135
Top 1,000: Statistical Review
Three-year Trend Analysis
7
8
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME
The Tony Elumelu Foundation (TEF) was founded in 2010 by Tony O. Elumelu, CON, a serial entrepreneur and
investor who has a commitment to philanthropy. We are the leading philanthropy in Africa championing
entrepreneurship and entrepreneurs across the continent.
Our long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu's philosophy of
Africapitalism, which positions Africa's private sector, and most importantly entrepreneurs, as the catalyst for the
social and economic develop-ment of the continent.
TEF is the philanthropic arm of Heirs Holdings, an African investment firm. We are funded by an annual grant from
Heirs Holdings and supported by the group's investee companies. In turn, we provide support to the
philanthropic activities of the Heirs Holdings Group. We have also developed our own dynamic and innovative
programmes.
In 2015, TEF consolidated its various programmes and initiatives and made investing in Africa's next
generation of entrepreneurs and business leaders a priority. The future of the Tony Elumelu Foundation centers
on the provision of structured, robust, and multifaceted support to entrepreneurs around Africa through the Tony
Elumelu Foundation Entrepreneurship Programme.
The vision for the foundation is to unlock the obstacles that Africa's entrepreneurs face as they grow their start-
ups into small to medium enterprises (SMEs), their SMEs into national growth companies, and their national
growth companies into African multinationals.
We will continue to support our growing numbers of Programme alumni, whose inspirational success stories serve
as encouragement to upcoming entrepreneurs, and demonstrate the effective-ness of our interventions. As we
deepen our reach in Africa, we will continue to enrich these alumni networks, facilitating meaningful
conversations and mentor relationships to further assist tomorrow's business leaders.
The Foundation has set itself apart from grant-making bodies, by operationalising integrated programmes to
support entrepreneurship in Africa and by enhancing the competitiveness of the African private sector.
We have built a reputation for successfully imple- menting diverse programmes to achieve this, in-cluding:
• Promoting entrepreneurship:
Elumelu Professionals' Programme (EPP), Nigeria 50, Impact Investments, grant to Co-Creation Hub and now
the flagship - The Tony Elumelu Foundation Entrepreneurship Programme;
• Enhancing competitiveness:
National Competitiveness Council of Nigeria (NCCN), Blair-Elumelu Fellows Programme;
• Selective grant making:
Grants to other bodies pursuing aligned and strategic causes e.g. Tony Blair African Governance Initiative,
Kofi Annan Foundation, John Kufor Foundation, One Org, Rothschild Foundation;
• Leadership development:
Recognition of excellence through The Tony & Awele Elumelu Prize (TAEP) & The Fellows Programme; and
• Policy development:
Research and advocacy through the research arm (formerly the Africapitalism Institute).
ABOUT THE TONY ELUMELU FOUNDATION
2017 APPLICATION AND EVALUATION REPORT
The Tony Elumelu Foundation is the philanthropic arm of Heirs Holdings, an African investment firm.
We are funded by an annual grant from Heirs Holdings and supported by the group's investee companies.
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
9
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
SOME MILESTONES
Each year, we commence the programme activities with renewed vigor
and purpose. When the Programme commenced, many were astonished
by the audacity of its aims and objectives. Now, entering our third cycle, the
programme couldn't be more robust. Our 2015 and 2016 Milestones outlined
below, speak for themselves as we have:
Provided training, mentoring and funding to 2,000 start-ups in 53
African countries, selected from over 65,000 applications.
Invested over $13 million, $10 million of which is seed capital.
Gathered thousands of African entrepreneurs in Lagos, Nigeria.
Travelled across Africa, introducing the TEF entrepreneurs to political
leaders at the highest levels of government
Facilitated the creation of Alumni Country Chapters and Networks
across the 51 African countries.
Leveraged unique data to produce original reports
Signed strategic partners including: the Nigerian Ministry for
Information and Culture; ECOWAS; International Trade Centre;
Microsoft to name but a few.
Built Africa's largest online platform, the TEF Hub go-to destination for
African entrepreneurs.
Produced a documentary film about the groundbreaking first year of
the Programme which has since been viewed by more than 1 million
people worldwide.
2,000 START-UPSNURTURED WITH TRAINING,
MENTORING & FUNDING
INVESTED OVER
$13 MILLION ($10 MILLION IN SEED CAPITAL)
2015 – 2016
$
Introduction
2017 Application Drive Review
Evaluation Approach/Methodology
Outcome of Evaluation – Batch of 10,135
Top 1,000: Statistical Review
Three-year Trend Analysis
11
12
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME
THE 2017 FIGURES AND APPLICATION EVALUATION OVERVIEW
2017 APPLICATION AND EVALUATION REPORT
The TEF Entrepreneurship Programme is the largest pan African startup incubator. Over 93,0000 entrepreneurs
applied in the 2017 cycle from 55 African countries and 1,000 were selected. As in previous years, a careful
evaluation process which involved an in-house Selection Committee and Accenture Development Partners
(ADP) was followed to select the top 1,000 ideas/businesses for the programme.
Successful applicants will undergo a developmental programme that will enhance their
capacity to successfully nurture their ideas to fruition. The 1,000 selected entrepreneurs
will receive support from the Foundation in the form of:
Business-relevant training
Mentoring
Access to professional networks
Business plan development
Seed capital of $10,000 in two tranches
Enterprise development toolkit
Stage 3Stage 2 Stage 4
Applications evaluated by Accenture
Development Partners
Applications evaluated by the Tony Elumelu
Foundation Selection Committee
10,13537,935 1,100
Stage 1
Total registrations recorded globally
on the programme platform
93,246
Selected
1,000
Complete applications screened by the
Tony Elumelu Foundation Team
SCREENED FOR:
Application completeness
SCREENED FOR:
Extent of alignment with Foundation's objectives
Repeat applications from previous cycle beneficiaries
EVALUATED FOR:
Quality of ideas and potential impact
Business Viability
Quality of entrepreneurial input
Repeat applications from previous cycle beneficiaries
EVALUATED FOR:
Strategic fit with the program
Geographical reach
Equity (gender, conflict regions, disadvantaged groups)
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
2017 APPLICATION REVIEW
Total number of application registrations: 93,246
Total number of registered entrants that started an application for the
programme: 84,074 (90.2%)
Total number of completed applications from African countries: 37,935
International countries: 135
Total number of represented African countries: 53
Among all entrants 41% submitted their applications.
• 2 in every 5 applicants submitted.
39.17% of registrations were by females; 60.83% by males.
• Some countries had more female than male applicants.
Leading industries included Agriculture (28.37%), Fashion (11.34%),
Manufacturing (8.13%), ICT (7.77%) and Commercial/Retail (7.12%).
A total of 107 countries expressed interest in the programme by
applying.
• Applications were started in 55 African Countries and submitted by 53
• Applications were started in 52 International Countries and
submitted by 31.
53
93,000
African Countries
Applicants
Over
107Countries
Worldwide
Applications from
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
100000
1 2 3 4 5 6 7 8 9
Chart showing applications registrations and submissions
Submissions Registrations
Week
Total of 37,935 applicants representing 41% of those that registered on the platform went on to complete their applications.
41%Submission
14
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Age distribution among applicants
0%
5%
10%
15%
20%
25%
30%
35%
40%
1 2 3 4 5 6 7 8 9 10
Percentage of total applications per week
Week
35% of the total number of applications was received in the last week.
35%FINAL WEEK
Ages 26 – 35
57%80%of applicants were youth between
18yrs to 35yrs
Ages 18 – 25
23%
Under 18
2%
Ages 46 - 60
3%
Ages 36 – 45
14%
2% of applicants did not meet the age restriction because they were under 18 years
15
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Gender count by country
Gender distribution among applicants
39%61%FemaleMale
There was a 3% increase in female applications to
39.17%, compared to
2016’s figures.
Five countries had more female than male applicants; Equatorial Guinea, Guinea-Bissau, Lesotho, Namibia, Tunisia.
Country Female Male
Algeria 11 24
Angola 4 21
Benin 39 141
Botswana 70 126
Burkina Faso 19 68
Burundi 17 69
Cameroon 170 430
Cape Verde 4 4
Central African Republic 5 11
Chad 3 41
Comoros 3 6
Congo 8 28
Congo DR 44 158
Cote D'ivoire 67 194
Djibouti 6 15
Egypt 9 31
Equatorial Guinea 3 2
Eritrea 1 2
Country Female Male
Ethiopia 27 96
Gabon 20 54
Gambia 21 33
Ghana 235 550
Guinea 2 38
Guinea-bissau 1 0
Kenya 536 734
Lesotho 32 24
Liberia 10 29
Libya 1 1
Madagascar 8 9
Malawi 39 87
Mali 18 44
Mauritania 5 10
Mauritius 8 20
Morocco 6 12
Mozambique 25 59
Namibia 31 24
Country Female Male
Niger 30 34
Nigeria 10729 19555
Reunion 1 2
Rwanda 118 217
Sao Tome & Principe 3 11
Senegal 45 67
Sierra Leone 16 29
Somalia 0 18
South Africa 231 249
South Sudan 4 14
Sudan 3 11
Swaziland 8 22
Tanzania 185 328
Togo 16 68
Tunisia 14 7
Uganda 301 486
Zambia 55 130
Zimbabwe 76 149
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Distribution of stages of business by sector
Distribution of applications by stage of business
18%32%
Testing (Research & Development)
Idea (Concept)
31% 19%
Growth
Infancy (Market Entry)
Majority of the applications received (81%) were from businesses in the idea to infancy stages
0 2000 4000 6000 8000 10000 12000
Waste Management
Transportation
Tourism/Hospitality
Telecommunication
Professional Services
Oil & Gas
Media and Entertainment
Manufacturing
ICT
Healthcare
Haulage/ Logistics
FMCG
Financial Services
Fashion
Energy/Power Generation
Education and Training
Consulting
Construction
Commercial/Retail
Aviation
Agriculture (Agri-business, Farming)
Growth Idea (Concept) Infancy (Market Entry) Testing (Research & Development)
17
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Regional spread of applications across Africa
•
63% of applications
fell under the Agriculture,Fashion, Manufacturing, ICT and Commercial/Retail sectors.
28.37%
Fashion
Agriculture
Manufacturing
Cormercial/Retail
11.34% 8.13%
7.12%ICT
7.77%
Others
37.27%
Top ranking sectors among applicants
•
79.8% of the
84.7% Western African applications came from Nigeria; the other countries in Western Africa account for only 4.8% of applications.
• Not counting the Nigerian applications, Eastern and Southern Africa had more applications per country than Western Africa.
Western Africa
84.7% Northern Africa
0.4%
Eastern Africa
10.1%
Southern Africa
2.2%
Central Africa
2.7%
18
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Applications spread across Nigerian States
0 2000 4000 6000 8000 10000 12000 14000
Abia
Abuja F.C.T.
Adamawa
Anambra
Akwa Ibom
Bauchi
Bayelsa
Benue
Borno
Cross River
Delta
Ebonyi
Enugu
Edo
Ekiti
Gombe
Imo
Jigawa
Kaduna
Kano
Katsina
Kebbi
Kogi
Kwara
Lagos
Nasarawa
Niger
Ogun
Ondo
Osun
Oyo
Plateau
Rivers
Sokoto
Taraba
Yobe
Zamfara
Applications were received from all states in Nigeria.
Lagos, Abuja followed
2016’s trend and led the application race while Oyo surpassed Kaduna to take third place.
These top 3 states accounted for 44% of all Nigerian applications.
19
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Internet user distribution
Information Media
0 2000 4000 6000 8000 10000 12000 14000
Flyer
Friend
Linkedin advert
Media Publication
Newspaper
Poster
Radio
Search Engine
SMS
TEEP Alumni
TV - Africa24
TV - CNN
TV - National/Local Network
TV - TraceTV
University
Workshop
YouTube Ads
Applicants across Africa were reached with information about the TEF
Entrepreneurship Programme through several means including a wide range of
information media. Most number of applicants were informed by their friends while
Facebook led the social media platforms in extent of reach.
Country Population Internet Users % Penetration % Internet Users Language
Nigeria 181,562,056 92,699,924 51.10% 28.00% English
Egypt 88,487,396 48,300,000 54.60% 14.60% Arabic
Kenya 45,925,301 31,985,048 69.60% 9.70% English
South Africa 54,777,809 26,841,126 49.00% 8.10% English
Morocco 33,322,699 20,207,154 60.60% 6.10% Arabic
Uganda 37,101,745 11,924,927 32.10% 3.60% English
Algeria 39,542,166 11,000,000 27.80% 3.30% Arabic
Sudan 36,108,853 9,307,189 25.80% 2.80% Arabic
Tanzania 51,045,882 7,590,794 14.90% 2.30% English
Senegal 13,975,834 7,260,000 51.90% 2.20% French
Zimbabwe 14,229,541 6,759,032 47.50% 2.00% English
Tunisia 11,037,225 5,408,240 49.00% 1.60% Arabic
Cote d'Ivoire 23,295,302 5,230,000 22.50% 1.60% French
Ghana 26,327,649 5,171,993 19.60% 1.60% English
20
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
OBSERVATIONS AND RECOMMENDATIONS
The number of submissions
followed a similar pattern
to the internet user
distribution in Africa.
Pop-up Information bubbles
could be available for all
questions to help applicants
understand the questions
better.
Based on feedback and interaction,
a great number of applicants
completed the application form
on their mobile phones.
Majority of the applications received
(81%) were newly conceived ideas
and businesses in the testing and
infancy stages.
Observations
Recommendations
35% of applications were
submitted in the final week
before the application
portal closed.
Applicants could be given the option
of selecting whether their business is still
an “Idea” or “In Operation” early in the
application, and this function will allow
the form be restructured to suit their
selection.
Drive for submissions
could commence earlier
to reduce the last minute
surge of applications.
Lo-res version of the application form
could be available for those accessing
the portal via mobile or with slow
internet.
Introduction
2017 Application Drive Review
Evaluation Approach/Methodology
Outcome of Evaluation – Batch of 10,135
Top 1,000: Statistical Review
Three-year Trend Analysis
21
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
EVALUATION APPROACH / METHODOLOGY
As in previous years, the Application Evaluation exercise of the 2017 TEF Entrepreneurship Programme was
driven by key factors to ensure that the process is transparent, credible and rigorous.
Accensure Development Partners (ADP) team evaluated 10,135 applications in Stage 3 of the application
review exercise, over a 7-week period (February 1st – March 13th 2017). The business entries were evaluated
across 5 agreed criteria, using the methodology detailed on the table below.
Applications scoring above 72% after initial evaluation were reviewed again in another exercise to rank and
select the top 1,000 entrepreneurs for the 2017 cycle. A total of 1,580 applications made it to the 72% score-
line.
The following key considerations ensured end-to-end quality:
1. Interpretation & Application of Evaluation Criteria
All applications were evaluated based on five (5) agreed assessment criteria:
These assessment criteria were simplified into a total of 29 Yes/No weighted questions. The final score for each
application was based on the aggregate of points on the questions that earned a "Yes" answer. The 29
Yes/No questions are detailed on the next page...
# Criterion Weight Remarks on Interpretation
1 Feasibility 20% Unique,original, innovative
Jobs, wealth creation potential
Sustainable, commercially viable
2 Market 25% Clear & apparent market for proposed product/service
Opportunity Applicant understands market, customers, competitive
& regulatory landscape
3 Financial 10% Basic financial understanding of revenue streams, cost
Understanding drivers, and financing needs
4 Scalability 30% Potential to replicate across community, regional,
national and continental
5 Leadership & 15% Passion and commitment
Entrepreneurial Previous accomplishments with respect to mobilizing
Skills people and resources
Experience and technical expertise
23
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Interpretation of Evaluation Criteria (Viability of Idea/Business)
• Has this entrepreneur defined the features of his/her product/service? 4
• Has this entrepreneur defined the benefits of his/her product/service? 4
• Is this business practical – will people be willing to pay for this product or service? 4
• Is this business solving a problem in a new way that could lead to improved efficiencies, added value to customers, etc.? 3
• Is this business tapping into a new market that no one else has been able to reach or solving a problem no one else has addressed? 3
• Does this business have the capacity to create jobs for up to 10 people? 2
• Is the market for this product/service sizeable enough to justify investment in this business? 5
• Has this entrepreneur sufficiently described how his/her business will generate income, and earn profits? 5
• Has this entrepreneur provided a workable marketing or advertising strategy for his/her product/service? 5
• Has this entrepreneur defined the target market or market segments for his/her product/service? 4
• Has this entrepreneur positioned his/her product/service favorably against competitors? 4
• Has this entrepreneur set price? 2
• Can this business model/idea be replicated outside this entrepreneur's immediate community/current market? 5
• Will this business be able to multiply its revenue (increase production, service lines, etc.) while keeping expenses as low as possible? 5
• Are there opportunities for this business to use automation (technology) to improve margins and reduce operational costs? 5
• Will this business be able to surmount cultural barriers to enable it expand to other geographies within Africa? 4
• Will this business be able to surmount legal/regulatory barriers to enable it expand to other geographies within Africa? 4
• Will this business have adequate access to raw materials (if applicable) or critical skills if it decides to expand beyond its current market? 4
• Has this entrepreneur demonstrated a desire to scale his/her capability? 3
Feasibility
Market Opportunity
Scalability
Criteria Description Points Total Score
20Points
25Points
30Points
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Interpretation of Evaluation Criteria (Credibility & Acumen of Entrepreneur)
• Has this entrepreneur demonstrated ability to influence, lead or motivate people in any capacity? 3
• Has this entrepreneur demonstrated ability to manage resources (time, money, materials)? 3
• Is this entrepreneur's desired impact in line with the TEF's goal of increasing jobs, building businesses and creating wealth across Africa? 3
• Do the outlined business challenges show a true understanding of the industry this entrepreneur is operating in? 2
• Has this entrepreneur honestly identified his/her skill gaps as areas to learn about? 2
• Are the current and next milestones demonstrative of a desire for accelerated but realistic progress of his/her business? 2
Leadership & Entrepre-neurship Skills
Criteria Description Points Total Score
• Does the logic for making money (revenue) in this business add up? 3
• Based on the type of business identified, does the current expense reflect all the possible operating costs associated with running this business? 3
• Is the financial forecast for this business realistic/based on reasonable assumptions? 2
• Does the break-even revenue/volume reflect the time value of the invested cash/cash to be invested, given the price of the product involved? 2
Financial Understan-ding
10Points
15Points
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
2. Evaluation Process Quality Assurance
The scoring guideline below was used to validate the first stage ratings and minimize the impact of
Applications that scored 72% and above in the first stage were further assessed by a team of Senior
Evaluators leading to the final ranking of applications as shown in the table below:
Business idea is a game changing one, very innovative, and meets the 3 criteria below:
Sound and well-articulated revenue model
Sound and well-articulated marketing model (target market, competition, product differentiation)
Clearly demonstrated leadership skills and experience of applicant
Business is a game-changing one, similar to 90% and above, but has either not articulated a
sound revenue model or marketing model, or demonstrated the applicant's leadership &
entrepreneurship abilities (missing 1 of the 3 criteria)
Business is a regular entrepreneurship (teaching, tutoring, farming, sales, fashion design, etc.)
that has a well-articulated revenue model and marketing model, and in which the leadership/
entrepreneurship skills of applicant are clearly demonstrated (meets all 3 criteria) OR
Business is a game-changing one that has not articulated a sound revenue model, sound
marketing model or demonstrated the applicant's leadership & entrepreneurship abilities
(missing 2 of the 3 criteria)
Business is a regular entrepreneurship (similar to 70-79% bracket), but has either not articulated
a sound revenue model or marketing model, or demonstrated the applicant's leadership &
entrepreneurship abilities (missing 1 of the 3 criteria)
Business is a game-changing one that has not articulated a sound revenue model, a sound
marketing model or demonstrated the applicant's leadership & entrepreneurship abilities
(missing all of the 3 criteria)
Business is a regular entrepreneurship, but application had severe information gaps or
displayed poor familiarity of applicant with industry
Generic business with insufficient information to justify the need for investment or applicant's
familiarity with the industry
Applicant was incoherent –it was difficult to understand what the business idea was about
Applicant left key information fields blank
ScoreBand
Score Band
80 – 100
Ranking
Ranking HIGH MEDIUM
61 – 79
LOW
<=60
Scoring Standard
90-100
80-89
70-79
60-69
50-59
21-49
0-20
VERYHIGH
HIGH
HIGHMEDIUM
LOWMEDIUMBAND 2
LOWMEDIUMBAND 1
LOW
VERY LOW
Introduction
2017 Application Drive Review
Evaluation Approach/Methodology
Outcome of Evaluation – Batch of 10,135
Top 1,000: Statistical Review
Three-year Trend Analysis
26
27
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
OUTCOME OF EVALUATION
Distribution of all 10,135 screened applications by African region
Distribution of applications by stage
Fifty-two (52) African countries were represented in the batch of 10,135, with
Nigeria contributing 57% of applications.
Majority of the applications received (62%) were businesses between the idea and infancy stages.
6845
2133495
558
104
Nigeria 5786 57.1%
Ghana 384 3.8%
Cote d'Ivoire 155 1.5%
Benin 125 1.2%
Senegal 78 0.7%
Togo 56 0.6%
Gambia 44 0.4%
Niger 41 0.4%
Burkina Faso 38 0.4%
Liberia 36 0.4%
Mali 30 0.3%
Sierra Leone 30 0.3%
Guinea 28 0.3%
Mauritania 10 0.1%
Cape Verde 4 0.04%
Western Africa 67.5%
Cameroon 270 2.7%
Congo, DR 108 1.1%
Gabon 44 0.4%
Chad 27 0.3%
Congo 24 0.2%
Sao Tome & Principe 10 0.1%
Central African Rep. 6 0.1%
Equatorial Guinea 4 0.04%
Angola 2 0.02%
Central Africa 4.9%
South Africa 261 2.6%
Botswana 172 1.7%
Lesotho 51 0.5%
Namibia 47 0.5%
Swaziland 27 0.3%
Southern Africa 5.5%
Kenya 606 5.9%
Uganda 411 4.1%
Tanzania, U.R. 282 2.8%
Rwanda 186 1.8%
Zimbabwe 132 1.3%
Zambia 131 1.3%
Malawi 99 1.0%
Ethiopia 96 0.9%
Burundi 63 0.6%
Mozambique 45 0.4%
Mauritius 27 0.3%
Somalia 19 0.2%
Djibouti 15 0.2%
Madagascar 12 0.1%
Comoros 8 0.1%
Eritrea 1 0.01%
Eastern Africa 21.1%
Egypt 32 0.3%
Algeria 16 0.2%
Morocco 15 0.2%
Tunisia 15 0.2%
South Sudan 13 0.1%
Sudan 11 0.1%
Libya 2 0.02%
Northern Africa 1.0%
*Africa regional grouping based on United Nations Statistic Division geoscheme system
20%29%
Testing (Research & Development)
Idea
(Concept)
33% 18%
GrowthInfancy (Market Entry)
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
WASTE MANAGEMENT
TOURISM/HOSPITALITY
PROFESSIONAL SERVICES
MEDIA AND ENTERTAINMENT
MANUFACTURING
ICT
HEALTHCARE
FMCG
FASHION
ENERGY/POWER GENERATION
EDUCATION AND TRAINING
CONSULTING
COMMERCIAL/RETAIL
AGRICULTURE 29%
9%
9%
5%
3%
2%
9%
4%
3%
7%
4%
3%
6%
4%
4%
CONSTRUCTION
About one-third of
applications evaluated
were from the Agriculture
sector; other sectors with
significant representation
are Manufacturing (9%),
ICT (9%), Fashion (9%) and
Education/Training (7%),
which hold potential to
improve the unemploy-
ment situation in Africa.
Distribution of applications by sector
Gender distribution of all 10,135 applications by African region
Western Africa Male Female
Cameroon 204 66
Congo, DR 87 21
Gabon 30 14
Chad 26 1
Congo 18 6
Sao Tome & Principe 8 2
Central African Rep. 5 1
Equatorial Guinea 2 2
Angola 1 1
South Africa 148 113
Botswana 113 59
Lesotho 24 27
Namibia 20 27
Swaziland 21 6
Kenya 368 238
Uganda 263 148
Tanzania, U.R. 186 96
Rwanda 120 66
Zimbabwe 84 48
Zambia 95 36
Malawi 72 27
Ethiopia 71 25
Burundi 51 12
Mozambique 35 10
Mauritius 17 10
Somalia 18 1
Djibouti 12 3
Madagascar 7 5
Comoros 5 3
Eritrea 1 0
Egypt 26 6
Algeria 11 5
Morocco 8 7
Tunisia 10 5
South Sudan 11 2
Sudan 9 2
Libya 1 1
Nigeria 3857 1929
Ghana 272 112
Cote d'Ivoire 124 31
Benin 98 27
Senega l51 27
Togo 46 10
Gambia 27 17
Niger 20 21
Burkina Faso 34 4
Liberia 26 10
Mali 24 6
Sierra Leone 21 9
Guinea 26 2
Mauritania 8 2
Cape Verde 2 2
68%
66%
58%
73%
77%
32%
34%
42%
27%
23%
A total of 3,311 applications from the batch of 10,135 were from female entrepreneurs, representing 33% of all.
Namibia (57%), Lesotho (53%) and Niger (51%) were the only countries with a higher number of female applicants
Male Female
Central Africa Male Female
Northern Africa Male Female
Southern Africa Male Female
Eastern Africa Male Female
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Ranking distribution of all 10,135 applications by African region
Overall, Eastern Africa region had the greatest
proportion of high-ranking applications (26%)
compared to total entries received per region
Southern Africa had the least proportion (14%),
other regions' proportions ranged from 16-25%
Central Africa VH H HM LM2 LM1 L VL
Cameroon 0 6 47 92 89 36 0
Congo, DR 0 3 32 41 22 9 1
Gabon 0 1 19 13 8 3 0
Chad 0 1 7 7 9 3 0
Congo 0 0 5 9 8 2 0
Sao Tome & Principe 0 0 2 4 1 3 0
Central African Rep. 0 0 1 3 2 0 0
Equatorial Guinea 0 0 0 1 1 2 0
Angola 0 0 0 0 2 0 0
Western Africa VH H HM LM2 LM1 L VL
Nigeria 0 109 1085 2176 1692 653 71
Ghana 0 6 55 137 146 3 55
Cote d'Ivoire 1 1 45 73 31 4 0
Benin 0 2 32 41 36 14 0
Senegal 0 2 6 26 24 16 4
Togo 0 0 22 24 8 2 0
Gambia 0 0 5 19 14 4 2
Niger 0 0 14 15 8 4 0
Liberia 0 2 2 8 13 13 0
Burkina Faso 0 0 4 17 11 4 0
Sierra Leone 0 2 6 9 8 5 0
Mali 0 0 7 12 11 0 0
Guinea 0 0 2 13 11 2 0
Mauritania 0 0 1 5 3 0 1
Cape Verde 0 0 0 4 0 0 0
Eastern Africa VH H HM LM2 LM1 L VL
Kenya 0 10 128 255 166 45 2
Uganda 0 18 137 164 50 33 9
Tanzania, U.R. 0 10 72 94 52 51 3
Rwanda 0 9 44 68 31 26 8
Zimbabwe 0 2 34 59 27 9 1
Zambia 0 4 34 43 37 11 2
Malawi 0 1 9 46 30 13 0
Ethiopia 0 2 13 28 31 20 2
Burundi 0 1 8 23 20 10 1
Mozambique 0 1 3 23 16 2 0
Mauritius 0 0 3 11 10 3 0
Djibouti 0 0 1 4 6 8 0
Somalia 0 0 5 6 3 1 0
Madagascar 0 1 4 5 1 1 0
Comoros 0 0 1 2 5 0 0
Eritrea 0 0 1 0 0 0 0
Southern Africa VH H HM LM2 LM1 L VL
South Africa 0 5 35 100 72 46 3
Botswana 0 2 17 52 67 34 0
Lesotho 0 0 5 14 27 5 0
Namibia 0 0 7 15 21 3 1
Swaziland 0 1 3 11 5 5 2
Northern Africa VH H HM LM2 LM1 L VL
Egypt 0 0 7 13 5 7 0
South Sudan 0 0 2 5 4 4 1
Tunisia 0 0 4 7 4 0 0
Algeria 0 1 1 6 6 0 1
Sudan 0 0 0 7 3 3 0
Morocco 0 1 1 5 3 0 1
Libya 0 0 0 0 2 0 0
>=90
VERY HIGH
HIGHMEDIUM
LOWMEDIUMBAND 2
LOWMEDIUMBAND 1
HIGH LOW VERYLOW
80-90 70-79 60-69 50-59 21-49 <=20
2%
14%
41%26%
14%
3%
0%
2%
19%
38%
29%
11%
1%
2%
12%
34%34%
17%
3%
23%
39%
23%
11%
2%
23%
34%
29%
12%
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Across 5 of the 7 ranking scales, the proportion of female to male applicants was approximately 1:2
Gender distribution by rank of all 10,135 applications
1316
2520
1948
809
662(34%)
(34%)
(32%)
(66%)
(66%)
(68%)
(30%)
(70%)(72%)
(70%)
(0%)
(28%)(30%)
(100%)
1295
914
345
VERY HIGH HIGH HIGH MEDIUM LOW MEDIUMBAND 2
LOW MEDIUMBAND 1
LOW VERY LOW
FemaleMale
88142
0
3362
1
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
THREE-YEAR TREND
Compared to entries reviewed in the previous years, there is marginal increase in the number of countries
and in female participation, and minimal shift in sectoral distribution
Seychelles
Mauritius
Sao Tome & Principe
Cape Verde
Djibouti
Eritrea
Comoros
Sector distribution
Country representation: 2015-2017
2015 2016 20171 Agriculture 25.1% 28.8% 5 27.4% 6
2 Aviation 0.0% 0.1% 5 0.04% 6
3 Commercial/Retail 9.3% 7.2% 6 5.9% 6
4 Construction 3.2% 2.6% 6 2.9% 5
5 Consulting 0.0% 2.0% 5 2.1% 5
6 Education and Training 11.7% 7.3% 6 7.2% 6
7 Energy/Power Generation 2.2% 2.8% 5 3.7% 5
8 Fashion 5.7% 8.6% 5 8.4% 6
9 Financial Services 2.0% 1.0% 6 1.7% 5
10 FMCG 1.3% 2.7% 5 2.6% 6
11 Haulage/Logistics 0.0% 0.7% 5 0.7% ;
12 Healthcare 3.7% 3.8% 5 4.3% 5
13 ICT 9.1% 8.5% 6 8.3% 6
14 Manufacturing 5.9% 7.8% 5 8.8% 5
15 Media and Entertainment 4.2% 5.1% 5 4.6% 6
16 Oil & Gas 0.0% 0.7% 5 0.7% ;
17 Professional Services 0.0% 3.5% 5 3.7% 5
18 Telecommunication 0.0% 0.5% 5 0.5% ;
19 Tourism/Hospitality 2.1% 2.4% 5 2.7% 5
20 Transportation 1.7% 1.7% ; 1.2% 6
21 Waste Management 1.2% 2.4% 5 2.7% 5
1,479
2,785
3,311
3,724
5,899
6,824
28%
32%
33%
72%
68%
67%
2015
2016
2017
Gender representation: 2015-2017
Only in 2016
Only in 2017
All years
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Distribution trend for top 20 countries: 2015-2017
Actual number of submitted applications across the top
20 countries significantly increased (by over 100%) from
last year, except for Nigeria and nine other countries
Top 20 New entrants
606
411
384
282
270
261
186
172
155
132
131
125
108
99
96
78
63
56
51
Nigeria
Kenya
Uganda
Ghana
Tanzania, U.R.
Cameroon
South Africa
Rwanda
Botswana
Cote D'ivoire
Zimbabwe
Zambia
Benin
Congo, D.R.
Malawi
Ethiopia
Senegal
Burundi
Togo
Lesotho
2015
2016
2017
5,786
4
4 <100% increase from 2016
8 >100% increase from 2016
3 <100% decrease from 2016
7 >100% decrease from 2016
4
3
4844
884
48488
48888
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ess
th
e f
ull
tab
le o
f d
ata
Introduction
2017 Application Drive Review
Evaluation Approach/Methodology
Outcome of Evaluation – Batch of 10,135
Top 1,000: Statistical Review
Three-year Trend Analysis
33
34
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
THE ROAD TO 1,000
93,246Total registrations recorded globally on the programme platform
Applications scoring >=72% rating in first stage evaluation by ADP
Applications that scaled through after 1st screening by TEF Team. These were further evaluated by Accenture Development Partners (ADP)
Number of completed applications screened further by the Tony Elumelu Foundation Team37,935
10,135
1,580
Others selected on discretionary basis (42)
Applications ranked medium & above (scoring >=61%) in 2nd stage evaluation by ADP (44 countries represented)
Top scoring applications from 8 countries that are not represe-nted among the final 958
Countries under-represented in the batch of 958
Applications scoring 60% from countries not in Top 10 list
958
+
+
+
8
19
19
Selected
1,000
35
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Distribution of final 1,000 applications by African region
25866
624
16
36
Central Africa 6.6%Cameroon 21 2.1%
Congo, D.R 18 1.8%
Gabon 9 0.9%
Chad 6 0.6%
Congo 4 0.4%
Sao Tome And Principe 2 0.2%
Angola 2 0.2%
Central African Republic2 0.2%
Equatorial Guinea 2 0.2%
Western Africa 62.4%Nigeria 509 50.9%
Ghana 24 2.4%
Cote D'ivoire 23 2.3%
Benin 20 2.0%
Togo 15 1.5%
Niger 6 0.6%
Sierra Leone 6 0.6%
Senegal 5 0.5%
Burkina Faso 3 0.3%
Cape Verde 3 0.3%
Gambia 2 0.2%
Mauritania 2 0.2%
Mali 2 0.2%
Guinea 2 0.2%
Liberia 2 0.2%
Southern Africa 3.6%South Africa 23 2.3%
Botswana 5 0.5%
Lesotho 3 0.3%
Namibia 3 0.3%
Swaziland 2 0.2%
Eastern Africa 25.8%Uganda 74 7.4%
Kenya 55 5.5%
Tanzania, U.R. 36 3.6%
Rwanda 23 2.3%
Zambia 21 2.1%
Zimbabwe 17 1.7%
Ethiopia 10 1.0%
Malawi 6 0.6%
Djibouti 3 0.3%
Madagascar 2 0.2%
Comoros 2 0.2%
Mozambique 2 0.2%
Burundi 2 0.2%
Mauritius 2 0.2%
Somalia 2 0.2%
Eritrea 1 0.1%
Northern Africa 1.6%Algeria 3 0.3%
Egypt 3 0.3%
South Sudan 2 0.2%
Sudan 2 0.2%
Tunisia 2 0.2%
Libya 2 0.2%
Morocco 2 0.2%
*Africa regional grouping based on United Nations Statistic Division geoscheme system
Fifty-two (52) African countries are represented in the top 1,000 applications, with Nigeria contributing
51%. The highest regional representations in the top 1,000 are from the Western (62%) and Eastern (26%)
African regions.
REGIONAL, GENDER & SECTOR ANALYSIS OF THE SELECTED 1,000
36
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Western Africa M FNigeria 343 166
Ghana 18 6
Cote D'Ivoire 17 6
Benin 14 6
Togo 13 2
Sierra Leone 5 1
Niger 3 3
Senegal 2 3
Burkina Faso 3 0
Mali 2 0
Liberia 2 0
Mauritania 2 0
Cape Verde 1 2
Gambia 2 0
Guinea 2 0
Central Africa M FCameroon 16 5
Congo, DR 14 4
Gabon 7 2
Chad 6 0
Congo 4 0
Equatorial Guinea 1 1
Sao Tome & Principe 1 1
Angola 1 1
Central African Rep. 2 0
Eastern Africa M FUganda 39 35
Kenya 34 21
Tanzania, UR 25 11
Rwanda 12 11
Zambia 19 2
Zimbabwe 10 7
Ethiopia 9 1
Malawi 6 0
Djibouti 3 0
Burundi 2 0
Mozambique 1 1
Madagascar 0 2
Comoros 0 2
Eritrea 1 0
Mauritius 1 1
Somalia 2 0
Northern Africa M FEgypt 2 1
South Sudan 2 0
Algeria 0 3
Sudan 1 1
Tunisia 1 1
Libya 1 1
Morocco 1 1
Southern Africa M FSouth Africa 15 8
Botswana 5 0
Lesotho 1 2
Namibia 2 1
Swaziland 1 1
Thirty-two percent (32%) of the top 1,000 applications were sent in by female applicants. Three countries have 100% female representation in the top 1,000: Algeria, Comoros, and Madagascar.
While Cape Verde has more female representatives than male.
Gender distribution of top 1,000 applications by African region
50% 50%
79%
21%
69%
31%
64%36%
67%
33%
*Africa regional grouping based on United Nations Statistic Division geoscheme system
37
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
About one-third (29%) of applications in the top 1,000 are from the Agriculture sector; other sectors with
significant representation are ICT (11%), Manufacturing (9%) and Education/Training (9%).
Distribution of applications by sector
Distribution of applications by stage
Agriculture
Educationand Training
Commercial / Retail
ICTManufacturing
29%
11% 9%
9%
7%Fashion
5%
6%
3%
3%3%3%
3%
Consulting 2%
Energy/PowerGeneration
5%
Construction
Professional Services
Tourism/Hospitality
FMCG
2%
Waste Management
Healthcare
Media/Entertainment
18%23%Testing (Research & Development)
Idea (Concept)
40%
19%Growth
Infancy (Market Entry)
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Sector distribution by region in the final 1,000 applications
Sector distribution by gender in the final 1,000 applications
15 7 4 6 3 5 5 4 3 2 3 14 1 2 1
85
22 20 2211 14 10 15 11 3 10
58 6 5 8
11
176
63
61 51
48 39 32 1914 24 16 23 16 18 9 7 3 2
1
Ag
ric
ultu
re
ICT
Ma
nu
fac
turin
g
Ed
uc
atio
n &
Tra
inin
g
Fash
ion
Co
mm
erc
ial/
Re
tail
He
alth
ca
re
En
erg
y/P
ow
er
Me
dia
& E
nte
rta
inm
en
t
FMC
G
Wa
ste
Ma
na
ge
me
nt
Co
nst
ruc
tio
n
Pro
fess
ion
al S
erv
ice
s
Tou
rism
/Ho
spita
lity
Co
nsu
ltin
g
Fin
an
cia
l Se
rvic
es
Ha
ula
ge
/ Lo
gis
tic
s
Tra
nsp
ort
atio
n
Oil
& G
as
Av
iatio
n
Eastern AfricaCentral Africa Northern Africa Southern Africa Western Africa
281
103
87 84
66 5951
4232 32 30 30 29 25 18 16
6 5 3 1
Western Africa has an average proportion of 61% across all twenty sectors represented in the top 1,000.Sectors with the lowest proportions of Western African applications to total are Energy/Power Generation
(45%), Media & Entertainment (44%), Financial Services (44%) and Transportation (40%).
21
Female
Male
196
88
55 5527
39 30 33 23 18 19 23 17 16 13 12 6 4 2 1
85
15
32 29
39 2021 9
9 14 11 7 12 9 5 41 1
Ag
ric
ultu
re
ICT
Ma
nu
fac
turin
g
Ed
uc
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n &
Tra
inin
g
Fash
ion
Co
mm
erc
ial/
Re
tail
He
alth
ca
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En
erg
y/P
ow
er
Me
dia
& E
nte
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en
t
FMC
G
Wa
ste
Ma
na
ge
me
nt
Co
nst
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tio
n
Pro
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al S
erv
ice
s
Tou
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/Ho
spita
lity
Co
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ltin
g
Fin
an
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es
Ha
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/ Lo
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tic
s
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nsp
ort
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n
Oil
& G
as
Avia
tio
n281
103
87 84
66 5951
4232 32 30 30 29
25 18 166 5 3 1
The proportion of female to
male applications is higher than
the average of 32% in nine of
the twenty sectors represented
in the top 1,000.
Sectors with significant
proportion of female applicants
are Fashion (59%), FMCG (44%),
Healthcare (41%) and
Professional Services (41%)
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Sector distribution by rank in the final 1,000 applications
Scoring across the 5 criteria for HIGH rank applications
Applications in the "Medium" rank constitutes more than 60% of total applications across all sectors. Sectors
with the highest overall proportions of "High" ranking applications are Oil & Gas (33%), Energy & Power
Generation (30%) and Waste Management (20%)
These applications scored highly on Feasibility, Market Opportunity, Scalability & Leadership
Applications falling in this bracket include ideas that are proven and have potential to be scaled up to
deliver greater impact.
3116 15 13 7 4 8 13 3 6 2 4 2 1 2 1 1
242
8370 70
5851 40 29
25 30 23 26 23 21 13 12 5 1
8
42 1
14
3
4 2 1 2 2 24 2
Ag
ric
ultu
re
ICT
Ma
nu
fac
turin
g
Ed
uc
atio
n &
Tra
inin
g
Fash
ion
Co
mm
erc
ial/
Re
tail
He
alth
ca
re
En
erg
y/P
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Me
dia
& E
nte
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FMC
G
Wa
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Ma
na
ge
me
nt
Co
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ruc
tio
n
Pro
fess
ion
al S
erv
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s
Tou
rism
/Ho
spita
lity
Co
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ltin
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Fin
an
cia
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es
Ha
ula
ge
/ Lo
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tic
s
Tra
nsp
ort
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n
Oil
& G
as
Av
iatio
n
281
103
87 84
66 5951
4232 32 30 30 29
25 18 166 5 3 1
MediumHigh Low
5
4-4.9
<2
2-2.9
3-3.945 44
1641
11
71 83
66
84
107
132
30
101413
Feasibility Market
Opportunity
FinancialUnderstanding
Leadership &Entrepreneurship
Skills
Scalability
4
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THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Scoring across the 5 criteria for MEDIUM rank applications
Scoring across the 5 criteria for LOW rank applications
Compared to the "High" category, only a minimal proportion of applications in the "Medium" category
scored 5 across all criteria. On average, 45% of the 829 applicants in the "MEDIUM" category scored 4 and
above across all 5 criteria.
Over seventy percent (70%) of the 42 applications in the "Low" rank had medium to low scores in Financial
Understanding
25 39 41 55 6
359400
170
418
358
400 332
293
291407
37 54
244
63 548 4
812 4
Feasibility Market Opportunity Financial Leadership Scalability
5
4-4.9
<2
2-2.9
3-3.9
On average, over 93% of applications in the "LOW" category scored 3 and below across all 5 criteria
Based on an analysis of the 42 applications ranked as "LOW", the factors most responsible for placement
in the Low bracket were Financial Understanding & Scalability.
3 4 4 40
14 138
1114
3 3
4
5 6
22 2226
22 22
Feasibility Market Opportunity Financial Leadership Scalability
5
4-4.9
<2
2-2.9
3-3.9
Introduction
2017 Application Drive Review
Evaluation Approach/Methodology
Outcome of Evaluation – Batch of 10,135
Top 1,000: Statistical Review
Three-year Trend Analysis
41
42
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
100000
1 2 3 4 5 6 7 8 9
Chart Showing 2015, 2016 and 2017 Applicant Registrations
2015 2016 2017
Week
0
5000
10000
15000
20000
25000
30000
35000
40000
1 2 3 4 5 6 7 8 9
Chart Showing 2015, 2016 and 2017 Application Submissions
2015 2016 2017
Week
YEARLY APPLICATION PROGRESSION
2015 2016 2017 2018 PROJECTION
7,817Submissions
20,228Registrations
18,320Submissions
45,658Registrations
37,935Submissions
93,246Registrations
72,000?Submissions
180,000?Registrations
126% increase in application registrations and 134% increase in application submissions in 2017
compared to 2016.
Country 2015
1 Nigeria 2,756 6,139 5 5,786 6
2 Kenya 770 499 6 606 5
3 Uganda 166 308 5 411 5
4 Ghana 168 252 5 384 5
5 Cameroon 165 203 5 270 5
6 South Africa 148 134 6 261 5
7 Tanzania 102 134 5 282 5
8 Cote D'ivoire 113 110 6 155 5
9 Rwanda 59 86 5 186 5
10 Zambia 73 71 6 131 5
11 Zimbabwe 54 76 5 132 5
12 Botswana 39 49 5 172 5
13 Congo (DRC) 69 49 6 108 5
14 Benin 44 55 5 125 5
15 Ethiopia 30 94 5 96 5
16 Senegal 104 29 6 78 5
17 Malawi 9 32 5 99 5
18 Burundi 23 27 5 63 5
19 Gabon 26 42 5 44 5
20 Burkina Faso 38 17 6 38 5
21 Togo 20
15
6 56
5
22 Mozambique 32
13
6 45
5
23 Gambia 21
11
6 44
5
24 Namibia 15
14
6 47
5
25 Liberia 15
20
5 36
5
26 Niger 15
14
6 41
5
27 Lesotho 6
11
5 51
5
2016 2017 Country 2015
28 Guinea 12 24 5 28 5
29 Mali 10 14 5 30 5
30 Sierra Leone 11 10 6 30 5
31 Egypt 10 7 6 32 5
32 Congo 13 6 6 24 5
33 Morocco 15 11 6 15 5
34 Swaziland 1 11 5 27 5
35 Chad 3 8 5 27 5
36 Mauritius 2 6 5 27 5
37 Somalia 7 5 6 19 5
38 Djibouti 6 8 5 15 5
39 Madagascar 8 8 ; 12 5
40 Tunisia 4 8 5 15 5
41 Algeria 3 7 5 16 5
42 South Sudan 4 4 ; 13 5
43 Sao Tome & Principe - 7 5 10 5
44 Sudan 1 3 5 11 5
45 Central African Rep. 2 6 5 6 ;
46 Angola 5 6 5 2 6
47 Mauritania 1 2 5 10 5
48 Equatorial Guinea 1
7
5 4
6
49 Comoros 1
1
; 8
5
50 Guinea-Bissau 1
7
5 -
6
51 Cape Verde -
2
5 4
5
52 Libya -
1
5 2
5
53 Seychelles -
1
5 -
6
54 Eritrea -
-
; 1
5
2016 2017
APPLICATION DISTRIBUTION
Three-year distribution trend for all 54 participating countries (Stage 2 evaluation)
43
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Go
Ba
ck
44
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
FEMALE PARTICIPATION
Three-year female participation trend for all 54 participating countries
County 2015 Country 2015
1 Nigeria 34% 33% 6 33% 5 28 Guinea 8% 13% 5 7% 6
2 Kenya 21% 40% 5 39% 6 29 Mali 0% 36% 5 30% 6
3 Uganda 19% 31% 5 36% 5 30 Sierra Leone 45% 30% 6 20% 6
4 Ghana 20% 24% 5 29% 5 31 Egypt 40% 0% 6 19% 5
5 Cameroon 19% 24% 5 24% 5 32 Congo 0% 17% 5 25% 5
6 South Africa 41% 58% 5 43% 6 33 Morocco 27% 18% 6 33% 5
7 Tanzania, U.R. 24% 24% 5 34% 5 34 Swaziland 0% 9% 5 22% 5
8 Cote D'ivoire 12% 25% 5 20% 6 35 Chad 0% 13% 5 4% 6
9 Rwanda 27% 36% 5 35% 6 36 Mauritius 100% 17% 6 37% 5
10 Zambia 26% 24% 6 27% 5 37 Somalia 71% 20% 6 5% 6
11 Zimbabwe 22% 34% 5 36% 5 38 Djibouti 17% 0% 6 20% 5
12 Botswana 38% 47% 5 34% 6 39 Madagascar 0% 63% 5 42% 6
13 Congo (DRC) 26% 14% 6 19% 5 40 Tunisia 0% 13% 5 47% 5
14 Benin 11% 27% 5 22% 6 41 Algeria 67% 43% 6 31% 6
15 Ethiopia 10% 12% 5 26% 5 42 South Sudan 25% 25% ; 15% 6
16 Senegal 23% 41% 5 35% 6 43 Sao Tome & Principe 0% 29% 5 20% 6
17 Malawi 11% 26% 5 27% 5 44 Sudan 0% 0% ; 18% 5
18 Burundi 30% 33% 5 19% 6 45 Central African Rep. 0% 0% ; 17% 5
19 Gabon 19% 40% 5 32% 6 46 Mauritania 0% 0% ; 20% 5
20 Burkina Faso 5% 0% 6 11% 5 47 Angola 20% 50% 5 50% ;
21 Togo 5% 7% 5 18% 5 48 Equatorial Guinea 100% 57% 6 50% 6
22 Mozambique 13% 31% 5 22% 6 49 Comoros 0% 100% 5 38% 6
23 Gambia 10% 36% 5 39% 5 50 Cape Verde 0% 50% 5 50% ;
24 Namibia 60% 36% 6 57% 5 51 Guinea-bissau 100% 14% 6 n/a
25 Liberia 27% 20% 6 28% 5 52 Libya n/a 0% 50% 5
26 Niger 27% 21% 6 51% 5 53 Seychelles n/a 0% n/a
27 Lesotho 50% 55% 5 53% 6 54 Eritrea n/a n/a 0%
2016 20172016 2017
Go
Ba
ck
45
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
FINAL SELECTION DISTRIBUTION
Three-year final selection distribution trend for all 54 participating countries
Country 2015 Country 2015
1 Nigeria 498 591 5 509 6 28 Guinea 5 1 6 2 5
2 Kenya 165
75
6 55
6 29 Mali 5
1
6 2
5
3 Uganda 45
64
5 74
5 30 Sierra Leone 3
1
6 6
5
4 Ghana 36
45
5 24
6 31 Egypt 3
1
6 3
5
5 Cameroon 19
25
5 21
6 32 Congo 2
1
6 4
5
6 South Africa 31
18
6 23
5 33 Morocco 5
1
6 2
5
7 Tanzania 17
13
6 36
5 34 Swaziland 1
1
; 2
5
8 Cote D'ivoire 17
18
5 23
5 35 Chad 1
1
; 6
5
9 Rwanda 15
20
5 23
5 36 Mauritius 1
3
5 2
6
10 Zambia 17
8
6 21
5 37 Somalia 2
2
; 2
;
11 Zimbabwe 12
14
5 17
5 38 Djibouti 1
2
5 3
5
12 Botswana 3
4
5 5
5 39 Madagascar 3
3
; 2
6
13 Congo (DRC) 7
3
6 18
5 40 Tunisia 2
1
6 2
5
14 Benin 10
4
6 20
5 41 Algeria 5
1
6 3
5
15 Ethiopia 9
21
5 10
6 42 South Sudan 1
1
; 2
5
16 Senegal 5
6
5 5
6 43 Sao Tome And Principe 2
1
6 2
5
17 Malawi 4
9
5 6
6 44 Sudan 1
1
; 2
5
18 Burundi 7
8
5 2
6 45 Central African Republic 1
1
; 2
5
19 Gabon 4
5
5 9
5 46 Angola 4
1
6 2
5
20 Burkina Faso 3
3
; 3
; 47 Mauritania 1
1
; 2
5
21 Togo 2
1
6 15
5 48 Equatorial Guinea 1
1
; 2
5
22 Mozambique 4
1
6 2
5 49 Comoros 1
1
; 2
5
23 Gambia 5
3
6 2
6 50 Guinea-Bissau 1
1
; -
6
24 Namibia 3
2
6 3
5 51 Cape Verde 3
1
6 3
5
25 Liberia 3
2
6 2
; 52 Libya -
1
5 2 5
26 Niger 1 4 5 6 5 53 Seychelles - 1 5 - 6
27 Lesotho 3 1 6 3 5 54 Eritrea - - ; 1 5
2016 2017 2016 2017
46
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
FEMALE FINALIST DISTRIBUTION
Three-year female winner distribution trend for all 54 participating countries
Country 2015
1 Nigeria 35% 33% 6 33% 6
2 Kenya 19% 33% 5 38% 5
3 Uganda 20% 28% 5 47% 5
4 Ghana 19% 33% 5 25% 6
5 Cameroon 21% 16% 6 24% 5
6 South Africa 29% 56% 5 35% 6
7 Tanzania 24% 31% 5 31% 6
8 Cote D'ivoire 6% 33% 5 26% 6
9 Rwanda 27% 35% 5 48% 5
10 Zambia 29% 25% 6 10% 6
11 Zimbabwe 17% 50% 5 41% 6
12 Botswana 67% 75% 5 0% 6
13 Congo (DRC) 43% 0% 6 22% 5
14 Benin 20% 0% 6 30% 5
15 Ethiopia 22% 14% 6 10% 6
16 Senegal 0% 83% 5 60% 6
17 Malawi 0% 22% 5 0% 6
18 Burundi 29% 25% 6 0% 6
19 Gabon 50% 60% 5 22% 6
20 Burkina Faso 0% 0% ; 0% ;
21 Togo 50% 0% 6 13% 5
22 Mozambique 50% 0% 6 50% 5
23 Gambia 0% 100% 5 0% 6
24 Namibia 67% 50% 6 33% 6
25 Liberia 0% 0% ; 0% ;
26 Niger 100% 0% 6 50% 5
27 Lesotho 33% 0% 6 67% 5
2016 2017 Country 2015
28 Guinea 20% 0% 6 0% ;
29 Mali 0% 0% ; 0% ;
30 Sierra Leone 67% 100% 5 17% 6
31 Egypt 33% 0% 6 33% 5
32 Congo 0% 100% 5 0% 6
33 Morocco 20% 100% 5 50% 6
34 Swaziland 0% 0% ; 50% 5
35 Chad 0% 100% 5 0% 6
36 Mauritius 100% 0% 6 50% 5
37 Somalia 0% 0% ; 0% ;
38 Djibouti 0% 0% ; 0% ;
39 Madagascar 0% 67% 5 100% 5
40 Tunisia 0% 0% ; 50% 5
41 Algeria 60% 100% 5 100% ;
42 South Sudan 100% 100% ; 0% 6
43 Sao Tome & Principe 0% 0% ; 50% 5
44 Sudan 0% 0% ; 50% 5
45 Central African Rep. 0% 0% ; 0% ;
46 Angola 25% 100% 5 50% 6
47 Mauritania 0% 0% ; 0% ;
48 Equatorial Guinea 100% 0% 6 50% 5
49 Comoros 0% 100% 5 100% ;
50 Guinea-Bissau 100% 0% 6 0% ;
51 Cape Verde 0% 100% 5 67% 6
52 Libya 0% 0% ; 50% 5
53 Seychelles 0% 0% ; 0% ;
54 Eritrea 0% 0% ; 0% ;
2016 2017
47
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
TOP 20 COUNTRIES
Three-year distribution trend for top 20 countries
Total applications for each year: 5,204 8,688 10,135
Country 2015 2016 20171 Nigeria 2748 6139 5786
2 Kenya 770 499 606
3 Uganda 166 308 411
4 Ghana 167 252 384
5 Tanzania, United Republic Of 102 134 282
6 Cameroon 163 203 270
7 South Africa 148 134 261
8 Rwanda 59 86 186
9 Botswana 39 49 172
10 Zimbabwe 53 76 132
11 Cote D'ivoire 113 110 155
12 Congo, Democratic Republic Of The 68 49 108
13 Zambia 73 71 131
14 Benin 44 55 125
15 Malawi 9 32 99
16 Ethiopia 30 94 96
17 Senegal 104 29 78
18 Burundi 23 27 63
19 Togo 20 15 56
20 Lesotho 6 11 51G
o B
ac
k
48
APPENDIX I
2015 RESULTS
49
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
0% 23% 54% 18% 4% 1%
DISTRIBUTION OF SELECTED 1,000 APPLICANTS BY COUNTRIES OF RESIDENCE
Uganda 4.5%
Ghana 3.6%
South Africa 3.1%
Cameroon 1.9%
Tanzania 1.7%
Côte d’Ivoire 1.7%
Zambia 1.7%
Rwanda 1.5%
Zimbabwe 1.2%
Benin 1%
Ethiopia 0.9%
Burundi 0.7%
DR Congo 0.7%
SECTOR DISTRIBUTION AMONG THE FINAL 1,000 SELECTED APPLICANTS
GENDER DISTRIBUTION
29%
71%Country Selected %Nigeria 497 49.7%
Kenya 167 16.7%
Uganda 45 4.5%
Ghana 36 3.6%
South Africa 31 3.1%
Cameroon 19 1.9%
Tanzania 17 1.7%
Côte d’Ivoire 17 1.7%
Zambia 17 1.7%
Rwanda 15 1.5%
Zimbabwe 12 1.2%
Benin 10 1%
Ethiopia 9 0.9%
Burundi 7 0.7%
DR Congo 7 0.7%
Others 94 9.4%
Female
Male
Gender distribution across the Top 10 TEEP 1,000 countries
Nigeria
Kenya
49.7%
16.7%
Others 9.4%
Agriculture
Educationand Training
Commercial / Retail
ICT
Manufacturing
30%
9% 9%
8%
8%
Fashion4%
Media andEntertainment
2%
Healthcare5%
Construction3%
Tourism & Hospitality1%
Energy & Power4%
Transportation2%
Financial Services2%
FMCG2%
Waste Management
2%
Others10%
MaleFemale
Nigeria
Kenya
Uganda
Ghana
South Africa
Cameroon
Tanzania
Côte d’Ivoire
Zambia
Rwanda
81
36
29
22
15
13
16
12
11
321176
31
9
7
7
4
4
1
5
4
<18 18-27 28-37 38-47 48-57 >57
SELECTED 1000 – AGE OF APPLICANTS
30%24%
24% 21%Growth
Early development/Market Testing Idea
Market Entry
STAGE OF BUSINESS AMONG SELECTED 1000 ENTREPRENEURS
THE SELECTED 1,000 (2015)
50
APPENDIX II
2016 RESULTS
51
THE TONY ELUMELU FOUNDATION ENTREPRENEURSHIP PROGRAMME 2017 APPLICATION AND EVALUATION REPORT
Fifty-three (53) African countries are represented in the final 1,000 applications, with Nigeria contributing 59%. The regions with the highest representation are West (68%) and East (25%) Africa.
Thirty-two percent (32%) of the final 1,000 selected applicants are female.
Fifteen (15) countries had a higher female-to-male ratio in the final 1,000 entries: Algeria, Angola, Burkina Faso, Botswana, Cape Verde, Chad, Comoros, Congo, Gabon, Gambia, Madagascar, Morocco, Senegal, Sierra Leone and South Sudan.
DISTRIBUTION OF SELECTED 1,000 APPLICANTS BY REGION
Western Africa 68.3%Nigeria 591 59.1%
Ghana 45 4.5%
Cote D'Ivoire 18 1.8%
Senegal 6 0.6%
Niger 4 0.4%
Benin 4 0.4%
Gambia 3 0.3%
Burkina Faso 3 0.3%
Liberia 2 0.2%
Cape Verde 1 0.1%
Togo 1 0.1%
Guinea 1 0.1%
Sierra Leone 1 0.1%
Mali 1 0.1%
Mauritania 1 0.1%
Guinea-Bissau 1 0.1%
Northern Africa 0.7%Algeria 1 0.1%
Sudan 1 0.1%
South Sudan 1 0.1%
Egypt 1 0.1%
Tunisia 1 0.1%
Libyan Arab J. 1 0.1%
Morocco 1 0.1%
Eastern Africa 24.5%Kenya 75 7.5%
Uganda 64 6.4%
Ethiopia 21 2.1%
Rwanda 20 2.0%
Zimbabwe 14 1.4%
Tanzania, U.R. 13 1.3%
Malawi 9 0.9%
Burundi 8 0.8%
Zambia 8 0.8%
Madagascar 3 0.3%
Mauritius 3 0.3%
Djibouti 2 0.2%
Somalia 2 0.2%
Seychelles 1 0.1%
Comoros 1 0.1%
Mozambique 1 0.1%
Central Africa 3.9%Cameroon 25 2.5%
Gabon 5 0.5%
Congo, DR 3 0.3%
Angola 1 0.1%
Equatorial Guinea 1 0.1%
Central African Rep. 1 0.1%
Sao Tome & Principe 1 0.1%
Chad 1 0.1%
Congo 1 0.1%
Southern Africa 2.6%South Africa 18 1.8%
Botswana 4 0.4%
Namibia 2 0.2%
Swaziland 1 0.1%
Lesotho 1 0.1%
68.3%
24.5
%
3.9%
2.6%
0.7%
SECTOR DISTRIBUTION AMONG THE FINAL 1,000 SELECTED APPLICANTS
GENDER DISTRIBUTION
Female Male
32%
68%43% 57%
33%
67%
26%
46%76%54%
29%
71%
Agriculture
Manufacturing
Education and Training
Commercial/Retail
ICT
Fashion
Energy/ Power Generation
Healthcare
Media and Entertainment
Waste Management
Construction
Professional Services
FMCG
Tourism/Hospitality
Transportation
Consulting
Financial Services
Haulage/Logistics
Oil & Gas
Telecom
Aviation
93 41 17
79 40 8
7626 5
7727 7
5923 4
4420 2
288 44 20
THE SELECTED 1,000 (2016)
52
ACKNOWLEDGMENTS
1. TEF TRUSTEES
Tony O. Elumelu, CON
Dr. Awele V. Elumelu
Alexander Trotter
Michael Porter, Founding Patron
2. TEF ADVISORY BOARD
Lionel Zinsou
Lady Lynn De Rothschild
Jamie Cooper-Hohn
3. OUR STAFF
Parminder Vir, Chief Executive Officer
Owen Omogiafo, Chief Operating Officer
Bolanle Omisore, Head, Marketing & Corporate
Communications
Mazzi Odu, Head, Foundation Projects
Funmi Obileye, Partnerships Manager
Onajite Ogwo, Entrepreneurship Programme
Manager
Tope Adubi, Digital Marketing Manager
Folarin Aiyegbusi, IDEMS Specialist
Kemi Michael Jabagun, Alumni Manager
Ebube Okechukwu, Digital Media Executive
Nwamaka Ogbonna, Research Analyst
4. OUR SUPPORT STAFF
Oyindamola Oyeduntan
Austine Abolusoro
Uwem Uwemakpan
Christiana Mobolaji
John Okonkwo
Gloria Agugua
5. TEF ENTREPRENEURSHIP PROGRAMME SELECTION COMMITTEE
Angelle Kwemo
Nimi Akinkugbe
Amadou Hott
Martin Eigbike
Prof Ndubuisi Ekekwe
Marieme Jamme
Monica Musonda
Vera Songwe
Ory Okolloh
Ayodeji Adewunmi
6. ACCENTURE DEVELOPMENT PARTNERS
Osato Noah
Omowunmi Adenuga-Taiwo
7. OTHER
Roundstone Consulting
Crenet
www.linkedin.com/company/The-Tony-Elumelu-Foundation
#TEF2017 #AfricanEntrepreneurs
www.tonyelumelufoundation.org/programme
www.tonyelumelufoundation.org
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