UNDP and Tony Elumelu Foundation Sign Agreement for Investment in SMEs Across Africa

Founder Tony O. Elumelu, CON, UNDP Regional Director Lamin Manneh, Edward Kallon and Parminder Vir OBEThe United Nations Development Programme and the Tony Elumelu Foundation (TEF) signed a Memorandum of Understanding (MoU), to express their desire to work together to further promote entrepreneurship in Africa.

UNDP and TEF will work together to equip start-ups and existing small enterprises (SMEs) with necessary entrepreneurship skills to enable them to grow their businesses. The two institutions believe that this support will help unleash the entrepreneurs’ potential to create wealth and jobs, and contribute to efforts aimed at reducing poverty and inequality across Africa, thereby helping countries achieve the Sustainable Development Goals (SDGs).

Source: Parminder Vir OBE, CEO, Tony Elumelu Foundation

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