Tony Elumelu Foundation wishes to support Equatoguinean entrepreneurs

The representative of the Tony Elumelu Foundation in Equatorial Guinea, Valerio Thompson Boco, in coordination with the company Icubefarm, held information sessions on the afternoon of Tuesday 19th February with entrepreneurs from the island of Bioko who wished to receive support from the foundation.

The aim of the Tony Elumelu Foundation, of Nigerian nationality, consists in investing 100 million dollars in a period of 10 years, for the benefit of 1000 African entrepreneurs who have the capabilities to boost their businesses. To date only 7 Equatoguinean entrepreneurs have benefited from the project. For that reason, the representative of the foundation in Equatorial Guinea is holding training and information sessions with Equatoguinean entrepreneurs in order to provide access to this aid. Those selected, in principle, will benefit from free economic aid of 5 thousand dollars for their activities, and then are able to access credit from the foundation.

Valerio Thompson Boco, in his speech, reaffirmed that “we have organised this training talk for entrepreneurs or those with a business idea and others which are running a business within a three-year period, in order to help them to opt for this programme which selects African entrepreneurs, and our plan is to have more Equatoguineans within the project”.

The entrepreneurs at the talk praised the offer and showed interest in the inscription process and access conditions, as inscription closes on 1st March.

Source: Equatorial Guinea Press and Information Office

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